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+.
News - page 209
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
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.
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.
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