UniCredit Buys Stake in Commerzbank
Italian UniCredit on Wednesday, September 11, announced the acquisition of a 9% stake in German Commerzbank.
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Hong Kong Demonstrates Readiness to Push Forward Belt and Road Initiative
Hong Kong’s financial secretary Paul Chan said that the city has all the capabilities necessary to facilitate the implementation of the Belt and Road Initiative.
Huawei Unveils Mate XT Tri-Fold Handset
Huawei Technologies on Tuesday, September 10, presented the world’s first commercial tri-fold smartphone called Mate XT.
Apple to Pay 13 Billion Euros in Back Taxes
The European top court on Tuesday, September 10, ruled against Apple.
Amazon Launches New Line of Budget-Friendly Food Items
Amazon, following the experience of Aldi and Target, is launching a new line of inexpensive food items to gain customers who, as part of the practice of purchasing goods and services, consider the cost factor as a priority parameter and abandon products of well-known brands, following the goals of the economy and a consumption strategy […]
Swedish Regulator Reportedly Criticizes Klarna’s Anti-Money Laundering Measures
The media reports that in Sweden, the Financial Supervisory Authority (FSA) has conducted an estimate of the risk assessment system currently used by Klarna and after that made critical remarks.
Google Loses EU Court Fight
The top court of Europe on Tuesday, September 10, decided that a fine for 2.4 billion euros ($2.65 billion) against Google remained in force.
Oracle Earnings Beat Estimates
During the extended trading, the value of Oracle shares, a provider of database software, showed an increase of 9%, against the background of earnings data from this company for the first quarter of fiscal year 2025, which exceeded Wall Street’s preliminary expectations.
Audible to Start Generating AI Voice Replicas of Audiobook Narrators
Amazon.com Inc.’s Audible will begin inviting select a group of audiobook narrators from the United States to train artificial intelligence in their voices.
China Faces Growth of Deflation Risk
In China, core inflation has fallen to a level that is the lowest in more than three years, amid which calls have begun to spread for increased efforts to boost household spending.
Consumer Spending Activity Threats ECB’s Economic Hopes
Currently, in the eurozone, local consumers are not demonstrating a high level of activity in the context of their spending and have not yet signaled a willingness to expand the scale and scope of appropriate financial actions, against which fears are spreading about the prospects for economic recovery in this region, which is now characterized […]
LoanTap and Hyperface Partner to Facilitate Digital Lending in India
Fintech company LoanTap and a banking-as-a-service startup Hyperface have reached a strategic partnership to boost online lending services in India.
Palantir and Dell to Join S&P 500
The value of Dell and Palantir shares on Friday, September 6, during extended trading, showed an increase of about 7% in both cases amid reports that these companies will join the S&P 500 index.
Apple Reportedly Approves WeChat Update
Media reports that Apple has approved an update to the WeChat app from Tencent Holdings ahead of the iPhone 16 debut.
Broadcom’s Shares Demonstrate Decline Amid Weak Earnings Forecast
On Friday, September 6, the value of Broadcom shares fell by more than 7% because this company specializing in the production of chips and based in San Jose, California, released a revenue forecast that disappointed investors who have high expectations about the commercial aspect of artificial intelligence microcircuits making activities.
Washington Releases New Chip-Related Export Controls
The administration of the President of the United States Joe Biden is presenting a draft of new export control measures for the supply of critical technologies.
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