RBI Joins Project Nexus for Seamless Cross-Border Payments
RBI joins BIS cross-border payment initiative Project Nexus to facilitate instantaneous retail payments among ASEAN countries.
News - page 182
Circle Achieves MiCA Compliance for USDC and EURC Stablecoins
Circle has become the first stablecoin issuer to receive a French license for USDC and EURC to debut in the Union under one of the world’s most comprehensive regulatory regimes for digital assets – MiCA.
State Bank of India Rolls Out Web-Based Invoice Financing Solution
The State Bank of India has launched a web-based invoice financing solution for microbusinesses and small and medium-sized businesses.
Robinhood Acquires AI-Driven Platform Pluto
Robinhood Markets Inc. has agreed to acquire Pluto Capital Inc., the artificial intelligence research platform.
South Korea’s Export Grows Amid Record Chip Sales
In June, an increase in South Korea’s export activity was recorded.
China’s Factory Activity Rises
In China, last month, an increase in the factory activity of local companies belonging to the private sector was recorded.
Google & BlackRock to Develop New Solar Capacity in Taiwan
The 1-gigawatt pipeline of a new solar facility in Taiwan, co-developed by Google and BlackRock, can boost energy capacity and cut carbon emissions amid the artificial intelligence boom.
BlackRock to Acquire Preqin Data Group for $3.2B
UK data firm Preqin will enhance BlackRock Aladdin tech business by combining data, research, and investment processes for fund managers.
SK Hynix to Invest $75 Billion in Chips
SK Hynix Inc., the semiconductor unit of South Korea’s SK Group, intends to invest 103 trillion won ($74.8 billion) in the chip area by 2028.
Meta Faces EU Charges Over ‘Pay or Consent’ Policy
EU regulators believe Meta may leave its users no other viable option but to allow tracking their personal data for advertising purposes with its ‘pay or consent’ policy.
China’s Central Bank to Borrow Treasury Bonds From Primary Market
On Monday, July 1, the People’s Bank of China announced its intention to borrow treasury bonds from some traders in the primary market shortly.
Samsara Eco Raises $65M Funding Round to Expand Its Plastic-Eating Enzymes
Samsara Eco proprietary technology uses enzymes to disaggregate plastic waste into raw materials, which can eventually be transformed into the foundation for new products.
Innotron to Invest $2.4 Billion in New Chip Plant
The controlling company of the largest Chinese chip manufacturer ChangXin Memory Technologies (CXMT) Inc. invests at least 17.1 billion yuan ($2.4 billion) in an advanced packaging plant in Shanghai that can be used to make AI memory.
Baidu Launches Upgraded AI Model
Chinese Internet search giant Baidu on Friday, June 28, presented a new version of its Ernie 4.0 Turbo artificial intelligence model.
Meta Considers News Blocking From Facebook in Australia
Meta is currently considering blocking news content on its Facebook digital platform in Australia.
Honor CEO Says About Importance of Security Amid AI Development
Chief Executive Officer of Honor George Zhao, during a conversation with media representatives, said that the transformative power of artificial intelligence has no value if user data is not protected.
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