Bank of England Raises Interest Rates
The Bank of England on Thursday, August 3, announced an increase in interest rates.
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Robinhood Reports First-Ever Profit
The second quarter of 2023 was the first profitable period for Robinhood Markets since the platform became public, which happened in July 2021.
NCR President Says Banks Must Use AI to Stay Relevant to Customers
Doug Brown, president of NCR, an American company specializing in computing technology for retail chains, the banking sector, tourism, and medical industries, said that at present, an up-to-date understanding of consumer thinking is of paramount importance for financial institutions.
DoorDash’s Grocery Business Grows to Record-High 532 Million Orders
DoorDash fixed record volumes of orders against the background of the rapid expansion of its grocery business, which has resulted in the growth of sales figures.
Apple Card’s Savings Account Exceeds $10 Billion
Apple Card’s Savings Account Exceeds $10 billion.
Stripe Offers Tax Tool to Its Platform Clients
Stripe reported about tax tool, the use of which will allow the clients of the company’s platform to increase the volume of sales worldwide.
Kenya to Suspend Sam Altman’s Worldcoin
The Kenyan government is concerned about Worldcoin, the cryptocurrency of OpenAI founder Sam Altman.
Google’s Dominance Triggers Antitrust Crackdown by South Africa’s Watchdog
The dominance of Google in the area of Internet search has caused harsh measures by the antimonopoly authority of South Africa.
Uber Develops AI-Powered Chatbot
Uber Technologies is currently working on creating a chatbot based on artificial intelligence.
Amazon Expands Its Virtual Clinic to All 50 States
Amazon is expanding the regional reach of its Amazon Clinic virtual service to all 50 states and Washington, DC.
Fitch Downgrades US Debt Rating From AAA to AA+
Fitch Ratings has downgraded the US debt rating from the highest level of AAA to AA+.
Tradeshift Raises $70 Million
Tradeshift, a platform for creating B2B payments, procurement in supply chains, and B2B marketplace services, announced that it managed to raise investment funds in the amount of $70 million.
SoFi Publishes Earnings Results
SoFi’s results concerning the company’s revenues have become evidence of the effectiveness and justification of the firm’s concept of activity, which provides for the unification of savings, lending, and expenses within a single financial vector characterized by continuity.
Remedial Health Gets Fresh Funding From QED to Digitize Nigerian Pharmaceutical Sector
Remedial Health, a Nigerian startup bringing efficiency to the local pharmaceutical value chain has raised $12 million in Series A equity-debt funding to scale up operations
California Plans to Review Data Privacy in Cars
In California, local regulators with the authority to initiate investigations and proceedings in the field of confidentiality have announced their intention to review the data protection policy followed by car manufacturers.
Rapyd Acquires PayU to Accelerate Expansion Plans
The $610 million acquisition deal enables Rapyd to continue its global expansion across emerging markets in Central and Eastern Europe and Latin America
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