News - page 152

S&P Global Ratings Economist Says About China’s Ability to Deal With Property Crisis
Finance & Economics

S&P Global Ratings Economist Says About China’s Ability to Deal With Property Crisis

Paul Gruenwald, global chief economist at S&P Global Ratings, says that the current state of affairs in the Chinese real estate market is the biggest factor of risk in reducing the economic growth target of this Asian country and notes that Beijing does not seem to be going to make any significant changes to overcome […]

OpenAI Presents New AI Model
Science & Technology

OpenAI Presents New AI Model

OpenAI presents a new model of artificial intelligence, which was internally known as Strawberry.

Conversational Commerce Startup Connectly Raises $20 Million
Fintech & Ecommerce

Conversational Commerce Startup Connectly Raises $20 Million

Connectly, a startup operating in the area of conversational commerce, announced that it managed to raise $20 million in financing.

Shoplazza Partners Stripe for Payment Solution
Fintech & Ecommerce

Shoplazza Partners Stripe for Payment Solution

Shoplazza Payments powered by Stripe provides real-time insights into e-commerce operations and improves the acquisition and settlement of online orders for businesses.

Stablecoin Payments Near $1B in Singapore
Blockchain & Crypto

Stablecoin Payments Near $1B in Singapore

The second quarter of 2024 saw record stablecoin payments in Singapore, showing an over 5,000% surge compared to the same period last year.

Gusto Offers AI Assistant for SMBs
Fintech & Ecommerce

Gusto Offers AI Assistant for SMBs

Gus by Gusto uses AI to guide hiring and compensation decisions, proactively assess compliance risks, check regulatory updates, and create personalised insights for most business aspects.

BurgerFi Files for Bankruptcy
Finance & Economics

BurgerFi Files for Bankruptcy

Fast casual chain BurgerFi filed for Chapter 11 bankruptcy and announced it on Wednesday, September 11.

AWS to Invest $10 Billion in UK Data Centres
Science & Technology

AWS to Invest $10 Billion in UK Data Centres

Unit of Amazon, which specializes in cloud computing and is called Amazon Web Services (AWS), on Wednesday, September 11, announced its intention to invest 8 billion pounds ($10.45 billion) in the United Kingdom over the next five years.

Economists Improve Singapore 2024 Growth Forecast
Finance & Economics

Economists Improve Singapore 2024 Growth Forecast

Experts have revised their forecasts for the growth of Singapore’s economy in the current year to improve.

UniCredit Buys Stake in Commerzbank
Finance & Economics

UniCredit Buys Stake in Commerzbank

Italian UniCredit on Wednesday, September 11, announced the acquisition of a 9% stake in German Commerzbank.

Hong Kong Demonstrates Readiness to Push Forward Belt and Road Initiative
Finance & Economics

Hong Kong Demonstrates Readiness to Push Forward Belt and Road Initiative

Hong Kong’s financial secretary Paul Chan said that the city has all the capabilities necessary to facilitate the implementation of the Belt and Road Initiative.

Huawei Unveils Mate XT Tri-Fold Handset
Science & Technology

Huawei Unveils Mate XT Tri-Fold Handset

Huawei Technologies on Tuesday, September 10, presented the world’s first commercial tri-fold smartphone called Mate XT.

Apple to Pay 13 Billion Euros in Back Taxes
Science & Technology

Apple to Pay 13 Billion Euros in Back Taxes

The European top court on Tuesday, September 10, ruled against Apple.

Amazon Launches New Line of Budget-Friendly Food Items
Fintech & Ecommerce

Amazon Launches New Line of Budget-Friendly Food Items

Amazon, following the experience of Aldi and Target, is launching a new line of inexpensive food items to gain customers who, as part of the practice of purchasing goods and services, consider the cost factor as a priority parameter and abandon products of well-known brands, following the goals of the economy and a consumption strategy […]

Swedish Regulator Reportedly Criticizes Klarna’s Anti-Money Laundering Measures
Fintech & Ecommerce

Swedish Regulator Reportedly Criticizes Klarna’s Anti-Money Laundering Measures

The media reports that in Sweden, the Financial Supervisory Authority (FSA) has conducted an estimate of the risk assessment system currently used by Klarna and after that made critical remarks.

Google Loses EU Court Fight
Science & Technology

Google Loses EU Court Fight

The top court of Europe on Tuesday, September 10, decided that a fine for 2.4 billion euros ($2.65 billion) against Google remained in force.