China’s Economy Fails to Rebound
In the current quarter, the downturn continues in the space of China’s economic system.
News - page 159
Cisco Gives Upbeat Sales Forecast
Cisco Systems Inc., the largest manufacturer of computer networking equipment, has released an optimistic revenue forecast amid an increase in the number of orders, but at the same time announced its intention to reduce the number of its workforce as part of making significant changes to its activity strategy.
McKinsey Sees AI Stimulates Consulting
McKinsey & Co. currently records an increase in the number of clients who are interested in projects related to the use of artificial intelligence.
UK Inflation Demonstrates Growth
In the United Kingdom, an increase in the inflation rate was recorded in July, which turned out to be lower than the preliminary expectations of experts interviewed by the media about the dynamic of this indicator and the forecast of the Bank of England.
UBS Profit Beats Forecasts
UBS Group AG has released data on the financial results of its operations in the second quarter of the current year, according to which the profit of this bank for the specified period exceeded preliminary expectations regarding the dynamic of the corresponding indicator.
European Stocks Demonstrate Growth Amid US Inflation Data Expectations
On Wednesday, August 14, European stock indexes demonstrated the dynamic of the growth at the beginning of trading.
Amazon and Santander Launch Amazon Visa Credit Card in Germany
Amazon Visa enables customers in Germany to earn rewards while shopping online and offline and redeem collected points at the Amazon.de website.
Axis Bank Reveals Ultra Luxury Credit Card With Visa Infinite Privilege Benefits
The new Axis Bank credit card product developed in partnership with Visa targets ultra-high net worth customers in India.
Experian Expands Its Fraud Detection Capabilities
Experian added behavioral analytics to its fraud detection capabilities after acquiring NeuroID.
Fed’s Raphael Bostic Says More Data Needed to Rate Cut
Federal Reserve Bank of Atlanta President Raphael Bostic said that he needs a little more data to support the decision to ease the monetary policy of the United States financial regulator, which implies cutting interest rates.
Google Launches Pixel 9 Phones
Google has presented upgraded smartphones, watches, and earbuds.
Huawei Reportedly Readies New AI Chip to Challenge Nvidia in China
The media reports that Chinese technology giant Huawei is currently approaching the introduction of its new artificial intelligence chip.
US Producer Prices Demonstrate Growth
In the United States, a slowdown in the dynamic of wholesale inflation was recorded in July, which was a relatively expected result.
Biggest Kenyan Bank to Boost Loans
Equity Group Holdings Plc, Kenya’s largest bank by market capitalization, intends to increase lending in the domestic market by 5% in the second half of the current year.
India Inflation Dips Below RBI Target
In India, the inflation rate fell below the target level of the central bank of this South Asian country for the first time in almost five years.
US July Federal Deficit Demonstrates Growth
In July, the United States government recorded a budget deficit of $244 billion.
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