Chinese Zhongzhi Enterprise Group Says About Its Huge Debt
The largest Chinese asset management company Zhongzhi Enterprise Group (ZEG) has informed investors that it is no longer able to pay its bills.
News - page 171
Global Smartphone Sales Show Growth
In October, for the first time in 27 months, the global smartphone market recorded an increase in sales volumes on an annualized basis.
AI Startup Cohere CEO Criticizes Movement for Self-Righteousness
Aidan Gomez, CEO of the startup Cohere, which operates in the sphere of artificial intelligence, in his letter addressed to the employees of this company, in negative terms criticized the movement for effective altruism.
OpenAI Drama Ends With Sam Altman Comeback as CEO
After a turbulent week of tough leadership change decisions, OpenAI has reached an agreement with Sam Altman to come back as CEO under a new managing board.
White House Gives $50 Million to Small Businesses
The Administration of the President of the United States Joe Biden announced the provision of new financial assistance to those representatives of the small business sector who are in an underserved area.
Standard Chartered Reduces Its Investments in Government Securities of Kenya
Standard Chartered Bank Kenya Ltd. has reduced the volume of its financial injections in government securities of this East African country by 52% during the period when investment activity allows for significant profits.
Jeremy Hunt Says About Downgrade of UK Growth Forecast
The chancellor of the exchequer Jeremy Hunt announced a deterioration in the forecast of economic growth in the UK.
Nvidia’s Revenue Demonstrates Growth
Nvidia has released its financial results for the quarter ended October 29.
HP Posts Revenue Decline
HP has published a report on its quarterly sales, which did not meet analysts’ expectations because the projected recovery of the personal computer market is still a hypothetical vision of the future and is not in the space of objective reality that cannot be denied.
China Fines Foxconn
In China, local tax authorities fined a subsidiary of Foxconn Technology Group.
X Sues Watchdog Group Media Matters
Social network X, formerly known as Twitter, sued the watchdog Media Matters.
German Budget Crisis Worsens
The German leadership decided on an emergency spending freeze against the background of the decision of the country’s top court, which aggravated the already existing budget crisis, which became a kind of shock factor for Europe’s largest economy.
Remittance Inflows Surge in Kenya
In October, Kenyans who work and live abroad sent home Sh2.3 billion more than Sh51.89 billion ($340.4 million) in remittance registered in Kenya in September.
Baidu Posts Revenue Rise
Chinese technology giant Baidu on Tuesday, November 21, announced the financial results of its activities for the third quarter of 2023.
Citigroup Launches Restructuring
Citigroup has started operations as part of the next stage of its organizational change plan.
TSMC Reportedly Considers Building Third Plant in Japan
The media, citing insiders, report that Taiwan Semiconductor Manufacturing Co. is currently studying the possibility of building a third plant in Japan.
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