News - page 175

BofA Says Cooling Economy to Crack Big Tech Rally Even More
Finance & Economics

BofA Says Cooling Economy to Crack Big Tech Rally Even More

Bank of America Corp.’s strategist Michael Hartnett says that the further cooling of the economic system of the United States may be the reason for the continuation of the downturn in the growth of shares of US technology companies.

Energy Tech Startup Greenely Grabs €8 Million
Science & Technology

Energy Tech Startup Greenely Grabs €8 Million

Swedish-based startup Greenely is closing an €8 million (about $8.7 million) Series A funding round.

Digital Marketing Startup Plaiced Acquires Precursor Ventures-Backed Clutch
Fintech & Ecommerce

Digital Marketing Startup Plaiced Acquires Precursor Ventures-Backed Clutch

The Plaiced online social network has acquired the Clutch marketplace, which provides digital marketing services to consumers.

MNT-Halan Raises $157.5 Million
Fintech & Ecommerce

MNT-Halan Raises $157.5 Million

MNT-Halan, a fintech startup based in Egypt, has announced that it has managed to raise $157.5 million in investment funds.

OpenAI Tests New Search Features
Science & Technology

OpenAI Tests New Search Features

OpenAI has provided a limited number of users with the opportunity to test a new set of search functions.

IBM Reports Q2 Earnings
Science & Technology

IBM Reports Q2 Earnings

IBM last Wednesday, July 23, published information on its financial results for the second quarter of the current year, which exceeded analysts’ preliminary expectations.

Chinese Provinces Step Up to Entice Business
Finance & Economics

Chinese Provinces Step Up to Entice Business

Currently, there is a kind of political and economic tendency throughout China, which consists in the fact that the municipal authorities of the Asian country are making efforts to retain overseas businesses and increase the trust of local companies, and in this context, the indicative is the example of the leadership of Henan Province, which […]

HSBC & SBF to Help Singapore Businesses Expand to Greater Bay Area, India, and the Middle East
Fintech & Ecommerce

HSBC & SBF to Help Singapore Businesses Expand to Greater Bay Area, India, and the Middle East

Due to the fresh partnership, businesses in Singapore will be able to leverage global HSBC network and solutions for international expansion and net-zero transition.

SK Hynix Posts Highest Quarterly Profit in 6 Years
Science & Technology

SK Hynix Posts Highest Quarterly Profit in 6 Years

SK Hynix, one of the largest chip manufacturers in the world, released information on Thursday, July 25, about the financial results of its activities in the second quarter of the current year.

Google Maps Gets AI Boost for Indian Roads
Science & Technology

Google Maps Gets AI Boost for Indian Roads

New AI model for Google Maps was designed specifically for Indian roads. It estimates road width using satellite imagery and Street View data to help drivers better navigate flyovers and narrow roads often met in India.

CashOn Launches Digital Currency Lending Matching Platform
Blockchain & Crypto

CashOn Launches Digital Currency Lending Matching Platform

Hong Kong DeFi company CashOn launched an innovative lending platform that helps customers access cash liquidity by using digital currencies.

Revolut Gets Long-Awaited UK Banking License
Fintech & Ecommerce

Revolut Gets Long-Awaited UK Banking License

Revolut startup, which operates in the fintech industry, on Thursday, July 25, announced the receipt of a banking license in the United Kingdom.

Mastercard Rolls Out AI to Combat Card Fraud
Fintech & Ecommerce

Mastercard Rolls Out AI to Combat Card Fraud

Mastercard has presented a new approach to identifying compromised payment cards, which involves using a combination of generative artificial intelligence and graph technology.

Vanta Raises $150 Million
Science & Technology

Vanta Raises $150 Million

Online security and compliance management platform Vanta on Wednesday, July 24, announced that it has managed to raise $150 million in investment funds as part of a new round of financing led by venture capital company Sequoia Capital.

Alphabet Profit Surges 29% in Q2 Despite AI Research Losses
Science & Technology

Alphabet Profit Surges 29% in Q2 Despite AI Research Losses

Google’s parent company Alphabet saw significant profit growth notwithstanding the tremendous AI-related spending.

Santander Reports Q2 Earnings
Finance & Economics

Santander Reports Q2 Earnings

Banco Santander SA has raised its revenue growth target in 2024.