China’s Evergrande Group Files for Bankruptcy in New York
Evergrande Group, at one time the second-largest real estate developer in China, filed for bankruptcy in New York.
News - page 196
Fintech Funding Plummets in Canada and Vietnam
These two countries have shown enormous levels of fintech funding decline in the first half of 2023
Company Applied Materials Publishes Positive Forecast for Future
Applied Materials, an American company that manufactures equipment necessary for the production of chips, has released a forecast for the current quarter, which contains optimistic expectations and statements about the likely weakening of the downturn in the industry.
Mastercard Launches CBDC Partner Program With Major Blockchain Players
The set of partners at launch of the Mastercard CBDC Partner Program includes Ripple, Consensys, Fluency, Idemia, Consult Hyperion, Giesecke+Devrient and Fireblocks.
Emirates Development Bank Collaborates With Trade Capital Partners to Offer Supply Chain Finance
The Emirates Development Bank (EDB) has entered into a partnership agreement with Trade Capital Partners (TCP), which aims to create a solution for supply chain financing and working capital for small and medium-sized businesses in the United Arab Emirates (UAE).
Comerica Bank Unveils New Business Banking Solutions
Comerica Bank, headquartered in Dallas, Texas, announced the launch of a new set of solutions for small business and business banking clients.
OpenSea to Disable Royalty Enforcement
OpenSea creators will no longer be able to blacklist NFT marketplaces that don’t enforce royalty payments
Mastercard Partners With Riskified to Combat eCommerce Fraud
Riskified and the multinational financial corporation Mastercard announced the beginning of cooperation, the purpose of which is to create for companies, operating in the field of e-commerce, the opportunity to increase the level of profitability received from digital business, and at the same time reduce the risk of fraudulent exposure.
Ohio-Based Peoples Bank Launches Credit Card Program
Peoples Bank, which is based in Ohio, announced the launch of the Corserv credit card program.
New York City Bans TikTok on Government Devices
New York last Wednesday, August 16, decided to ban the use of the TikTok app on government devices.
Microsoft CEO Says About AI Significant Influence
Microsoft CEO Satya Nadella compared artificial intelligence to a tidal wave in terms of influencing the processes taking place in the plane of human life.
IBM Develops Prototype Brain-Like Chip
The technology giant IBM is currently developing a prototype of a chip similar to a human brain and states that within the framework of this project, the issue of improving the energy efficiency of artificial intelligence is being solved.
UK Launches Fintech Fund
In the UK, a mechanism has been created to provide support to firms that are at the stage of growth and are engaged in financial technologies.
Travel Company TUI Tests ChatGPT
Travel giant TUI AG announced the implementation of a pilot project in which generative artificial intelligence was integrated into the company’s mobile application in order to test the potential of advanced technology as part of the process of interacting with customers in the UK.
China’s Internet Regulator Discusses New Data-Security Rules With Foreign Firms
The Chinese Internet regulator is discussing options for applying new data security rules with foreign companies, including Walmart.
Ledger Partners PayPal to Simplify Crypto Adoption
Ledger users in the U.S. can now directly purchase bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), and litecoin (LTC) via their linked PayPal accounts
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