Ant International to Expand to Saudi Arabia
The partnership with the Ministry of Investment of Saudi Arabia enables Ant International to expand its e-commerce and digital payment services across the Middle East.
News - page 191
German Industrial Production Demonstrates Decline
In Germany, a decrease in industrial output was recorded in March.
China’s Services Activity Growth Eases
In April, China recorded a slowdown in the expansion of the local service sector, but at the same time, the dynamic of the growth was demonstrated by new orders.
Apple Unveils New iPad Pro
Apple has unveiled new versions of its iPad Pro and iPad Air tablets.
Amazon Commits $9 Billion Investment in Singapore
Amazon.com intends to invest $9 billion in expanding its cloud computing infrastructure in Singapore.
UBS Returns to Profit
UBS on Tuesday, May 7, announced a return to profit after a period of losses that lasted for two quarters.
Microsoft Reportedly Readies New AI Model
The media reports that Microsoft is currently developing a new model of artificial intelligence.
Saudi Fintech Company Rasan to Sell 30% Stake in Riyadh IPO
Fintech company Rasan, which is based in Saudi Arabia, intends to sell 30% of its stake during the initial public offering (IPO) of shares in Riyadh.
Citi’s Chief Digital Officer Says About Significance of Mobile and Virtual Platforms
Michael Naggar, Citi’s director of digital technologies in the area of personal banking services in the United States, during a conversation with media representatives, shared his opinion on what it means to implement the digitalization process in the banking sector.
Warren Buffett Warns of AI Use by Scammers
Warren Buffett, CEO of the Berkshire Hathaway holding company, compared the process of developing artificial intelligence to designing an atomic bomb.
Foxconn Posts Record April Sales
The Taiwanese company Foxconn, which is the world’s largest electronics manufacturer and assembler of Apple’s iPhone smartphones, on Sunday, May 5, released information about its record sales results for April of the current year and confirmed expectations for revenue growth for the second quarter of 2024.
SMB Survey Indicates Financial Resilience
An optimistic indicator amidst inflation and economic volatility is that small business (SMB) owners are confident about their businesses’ resilience, even as economic challenges remain pressing.
GenAI Is Strategic Priority for 66% of Asset Managers
Boston Consulting Group’s report shows that 72% of asset managers consider GenAI to have a significant or transformative impact on the industry, but only 16% have fully defined an implementation strategy.
BitPay Report Reveals Increased Crypto Consumer Spending
“The 2024 BitPay Spending Report” showed 20% growth in crypto payments from January to March 2024, with certain sectors showing more impressive results.
BlueSnap Reaches $10 Million Settlement With FTC
BlueSnap and its former CEO settled with the Federal Trade Commission (FTC) for knowingly processing payment transactions for deceptive and fraudulent companies.
Vodafone Looks to Link SIM Cards to Blockchain
Telecom provider Vodafone plans to integrate blockchain technology and cryptocurrency wallets into smartphone SIM cards.
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