Foxconn Plans to Build Component Plants in India
Foxconn Technology Group, Apple’s main supplier based in Taiwan, intends to increase investment in the development of production in the southern Indian state of Karnataka to more than $1.2 billion.
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IRS to Tax Crypto Staking Rewards
The Internal Revenue Service (IRS) has come up with taxation rules for those getting income from crypto staking
Amazon to Double Same-Day Delivery Facilities
Amazon on Monday, July 31, announced its intention to double the number of same-day delivery points in the United States.
Swiss National Bank Reports $15 Billion Loss
The Swiss National Bank on Monday, July 31, reported that following the results of the second quarter, this financial institution recorded a loss of 13.2 billion Swiss francs ($15.14 billion).
Apple to Crack Down On Apps That Track Users
Apple has announced the beginning of countering applications that track users through the use of data collection mechanisms from personal devices.
Microsoft Says About Importance of GPU Supply for AI
Microsoft informed investors about the critical importance of the supply of graphics processors (GPUs), which are both the main resource and a risk factor for the business of cloud services that are part of the technological ecosystem of the corporation and are at the stage of intensive scaling.
Worldcoin Wallet App Surpasses 1M Downloads
Worldcoin’s World App exceeds one million wallets, while 346,568 wallets are already holding Worldcoin (WLD) tokens
MAS to Eliminate Corporate Cheques in Singapore: Timeline Revealed
The Monetary Authority of Singapore (MAS) quotes the rising cost of cheque processing as the main reason for abolishing corporate cheques as a payment instrument altogether
Curve Finance Exploit Brings Losses of $47M
Hackers were able to steal over $47 million from several stable pools at Curve Finance – an exchange liquidity pool on Ethereum
Toshiba Says Its Takeover Offer to Start in August
Toshiba has announced that it expects a $15 billion buyout offer by a group led by private equity firm Japan Industrial Partners to begin in August.
Applied Materials Expands in India
The American company Applied Materials, a manufacturer of equipment used in the production of microchips, announced its intention to expand the scale of its activities in India.
EToro Launches Fintech Portfolio, Gets Spanish License
Crypto trading and investing platform eToro has introduced a portfolio offering long-term exposure to leading fintech companies, while also achieving an important legal milestone
Sequoia Capital Reportedly Downsizes Its Funds
The media reports that the Silicon Valley venture capital company Sequoia Capital has decided to downsize two of its large funds.
DoorDash Reportedly Tests AI Chatbot
The media reports that DoorDash is currently testing a chatbot based on artificial intelligence.
Bank of America CEO Says New Capital Requirements Must Ensure Level Playing Field
Brian Moynihan, CEO of Bank of America, expressed the opinion that the new capital requirements should form a space of equal conditions for all representatives of the US banking sector.
TIFIN Launches Platform for Creating AI FinTechs
The wealth platform with integrated artificial intelligence TIFIN presented a new project, which is a kind of space for creating AI fintech firms.
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