News - page 157

Finance & Economics

Evergrande Approaches Liquidation

The Chinese Evergrande Group received a liquidation order from the Hong Kong court, which marked the beginning of a complex process to carve up one of the main casualties of the largest property crisis, which had a widespread negative impact on the state of the world’s second-largest economy.

Blockchain & Crypto

Spot Bitcoin ETF Application Registered in Hong Kong

Following the approval of several spot Bitcoin ETF applications in the U.S., regulators in Hong Kong see the first financial institutions trying to jump on the crypto ETF bandwagon.

Finance & Economics

Reliance Stock Hits Record High, Market Cap Crosses INR 19,5T

Reliance Industries (RIL) stock, the top contributor to the Nifty 50 index, has surged over 7% in the last day and keeps growing. Hitting a record high, the most valued company in the Indian stock market has reached a market cap of INR 19,5T.

Finance & Economics

Texas Bans Barclays From Local Municipal Bond Market Over ESG Commitments

Texas legal representatives blocked Barclays from working on local municipal bond deals after the bank didn’t respond to requests about its carbon emission commitments.

Fintech & Ecommerce

PayPal Unveils New Products

PayPal has presented new features based on artificial intelligence.

Fintech & Ecommerce

FreedomPay Expands to Spain After Redsys Certification

FreedomPay has reached an important milestone of getting integrated certification from Redsys, a Spanish payments processing provider, which enables the company to offer its commerce platform to Spanish merchants.

Fintech & Ecommerce

Razorpay POS Offers Instant Refunds for Failed UPI Transactions

Razorpay POS has unveiled instant UPI transaction refunds that reduce refund processing time from conventional 5-6 business days to about 2 minutes.

Finance & Economics

Fidelity Forecasts China’s Economy Gradual Improvement in 2024

Peiqian Liu, Asia economist at Fidelity International, said during a media briefing on Thursday, January 25, that during 2024, China’s economic system will record a gradual improvement in the state of affairs, which will be stimulated by factors such as production and consumption.

Science & Technology

Baidu’s AI Chatbot to Power Samsung’s New Galaxy S24 Smartphones

Baidu AI Cloud integrates its Ernie chatbot into Samsung Galaxy S24 smartphones, the use of which in new devices of the South Korean manufacturer, in addition to many functions, will provide users with the opportunity to translate conversations during phone calls.

Fintech & Ecommerce

B2B Provider Mondu Raises $33 Million

B2B payment solution provider Mondu has announced that it has raised additional financing for 30 million euros ($33 million).

Science & Technology

OpenAI Introduces Additions to Its Artificial Intelligence Models

OpenAI has presented several additions to its artificial intelligence models and services.

Science & Technology

NVIDIA & U.S. National Science Foundation Join Efforts for Responsible AI Development

NVIDIA and the National Science Foundation are launching the National Artificial Intelligence Research Resource (NAIRR) pilot to advance responsible AI discovery and innovation.

Finance & Economics

US Economy Demonstrates Growth

The United States economy demonstrated what can be described as shocking resilience in the fourth quarter of last year.

Science & Technology

Meta Builds New AI-Focused Data Center in Indiana

Meta Platforms Inc. is currently implementing a project to build a data center in the US state of Indiana.

Fintech & Ecommerce

Mastercard to Ease Adoption of Biometric Authentication

Mastercard announced the launch of the Mastercard Biometric Authentication Service, a solution designed to enhance security and provide maximum convenience for consumers.

Science & Technology

Publicis Plans €300 Million AI Investment

Publicis Groupe SA has announced its intention to invest €300 million in artificial intelligence over the next three years.