UK’s Economy Shrinks
The economy of the United Kingdom in October this year showed a contraction that turned out to be stronger than expected.
News - page 164
Coinbase Introduces Project Diamond to Enter the Abu Dhabi Global Market Sandbox
Coinbase rolled out a smart contract-powered platform Project Diamond designed for institutions to seamlessly create, buy, and sell digitally native assets.
UK Regulator Proposes Cap on Mastercard, Visa Interchange Fees
A proposed cap on cross-border interchange fees charged by Visa and Mastercard aims to avoid businesses overpaying after Brexit eliminated fee limitations applied in the EU.
El Salvador Expects to Fully Sell Out Bitcoin Freedom Visa by The End of 2023
Bitcoin Freedom Visa, a citizenship-by-donation program introduced by the government of El Salvador on Dec. 7, has received hundreds of inquiries since its launch.
Gina Raimondo Comments Designing by Nvidia AI Chips for China
Commerce Secretary Gina Raimondo said that the United States is currently looking into the characteristics of three new artificial intelligence accelerators that Nvidia is developing for the Chinese market.
China Chipmaker Changxin Memory Technologies Seeks Funds at $19.5 Billion
Chinese chip manufacturer Changxin Memory Technologies Inc. has postponed its initial public offering and currently has plans to explore the possibility of raising funds worth 140 billion yuan ($19.5 billion).
Nokia Cuts 2026 Profitability Goal
Nokia Oyj has worsened its long-term profitability target.
Apple Reportedly Plans Overhaul to iPad Family
The media reports that Apple is planning to overhaul its family of iPad tablets.
Citi Invests in Colombian FinTech Supra
Citi has led a round of strategic investments in Supra, a fintech company based in Colombia.
Nvidia Invests in More Than 35 AI Companies in 2023
Nvidia, which is currently the world’s largest manufacturer of chips used, among other things, for training and subsequent operation of artificial intelligence systems, this year strengthened its position as an investor interacting with startups operating in the sphere of AI.
Pew Research Report Shows Choice of American Teens in Favor of YouTube and TikTok
A new report by the Pew Research Center on the use of social networks and the Internet indicates that American teenagers often spend time on virtual platforms, which is not a sensation or little expected news, but the choice of representatives of the younger generation in this matter deserves attention.
BOJ Reportedly to See Little Need to End Negative Rate in December
Bank of Japan officials do not yet see a reason to decide to cancel the world’s last negative interest rate in December.
Nvidia Reportedly Sees Vietnam as Potential Second Home
The Chief Executive Officer of Nvidia Corp. Jensen Huang considers Vietnam as a potential second home for the company he heads and plans to open a legal entity in the Southeast Asian country.
Rakuten Plans to Launch AI Model
Rakuten plans to launch its proprietary language model of artificial intelligence.
TikTok Invests $1.5 Billion to Get Back Into Online Shopping in Indonesia
TikTok, which is part of the ByteDance ownership structure, is investing $1.5 billion to become the controlling shareholder of the e-commerce unit of Indonesia’s GoTo Gojek Tokopedia.
Chinese Consumer Price Index Shows Decline
In China, local financial authorities are struggling with falling prices, while in many other countries, central banks are taking measures aimed at curbing the process of increasing the cost of goods and services.
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