Barclays Warns on Cooling iPhone Demand
The price of Apple shares on Tuesday, January 2, showed a drop of 3.6%.
News - page 161
US National Debt Hits $34 Trillion
The debt of the Government of the United States has exceeded the $34 trillion mark for the first time in history.
UK Executives Urge Bank of England to Cut Rates
In the United Kingdom, the executives of local companies appealed to the Bank of England to lower interest rates shortly, arguing that this decision by the financial regulator would be able to support the country’s weakening economic system after the so-called depressed confidence turned out to be at a four-month low.
HSBC Completes Sale of Its French Retail Banking Business
HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France.
Meta Cuts Prices for Quest 2 Headset
Meta has reduced the cost of the Quest 2 virtual reality headset.
China’s Factory Activity Picks Up
A private gauge of factory activity in China showed an increase in December.
China Injects $50 Billion Into Some Banks
Last month, the People’s Bank of China injected almost $50 billion into policy-oriented lenders.
ASML Suspends Some China Exports
The Dutch company ASML, which specializes in the manufacture of equipment for the production of chips, announced an order received from the Netherlands government to stop supplying some of its products to China.
HSBC Takes on Revolut With New App for Non-Customers
HSBC Holdings plans to release an app with which financial services consumers will be able to make international payment transactions.
Nokia Says About Negative Prospects of Sales
Nokia Oyj said it will not be able to meet its annual forecast for sales, operating margin, and free cash flow.
Nomura Downgrades Uber and Lyft
Ridesharing giants Uber and Lyft achieved good results in 2023, the main one being revenue growth, but 2024 will be a period of difficulties for them.
OnlineCheckWriter.com Launches Cloud Banking Service in Oman
B2B Payment Platform OnlineCheckWriter.com expanded the geography of using its cloud banking service.
GitHub Expands Availability of AI Assistant
GitHub has made its Copilot Chat generally available to organizations and individuals.
US Overtakes China as South Korea’s Top Export Market
In December, shipments of goods produced by South Korean companies to the United States exceeded exports to China.
The Eastern Bank in Bangladesh Creates First Metal Biometric Card
The Eastern Bank, located in Dhaka, Bangladesh, has unveiled the world’s first biometric metal card, set to transform the banking experience for its EBL customers starting in early 2024.
India-Based Car-Sharing Platform Zoomcar Goes Public
Zoomcar, an Indian peer-to-peer carsharing platform that targets emerging markets, has gone public.
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