News - page 218

Bank of England Opens Prospect of Rate Cuts in 2024
Finance & Economics

Bank of England Opens Prospect of Rate Cuts in 2024

For the first time since the beginning of the coronavirus pandemic, the Bank of England opened the door to cut interest rates, confirming forecasts that the inflation rate will reach the target level in the coming spring, and warning of the likelihood of renewed price pressure.

Qualcomm Reports Earnings
Science & Technology

Qualcomm Reports Earnings

Qualcomm last Wednesday, January 31, published its financial results for the quarter ended December 24, 2023.

Mastercard Launches AI Model
Fintech & Ecommerce

Mastercard Launches AI Model

Mastercard, which is one of the largest players in the payment industry, announced the creation of its artificial intelligence model.

Experian Launches Security Tool for Car Dealers
Fintech & Ecommerce

Experian Launches Security Tool for Car Dealers

Experian has introduced Fraud Protect, a tool with which car sellers will be able to record and prevent criminals from interfering in the process of interacting with customers to steal money or gain access to data classified as confidential information.

TikTok and GoTo Announce Partnership in Indonesia
Fintech & Ecommerce

TikTok and GoTo Announce Partnership in Indonesia

TikTok and GoTo announced the establishment of a strategic partnership in Indonesia.

FIS Launches Networking Program
Fintech & Ecommerce

FIS Launches Networking Program

Technology company FIS, which specializes in providing financial services, announced the launch of the FIS Fintech Hangouts 2024 series.

RBI Puts Restrictions on Paytm Bank
Fintech & Ecommerce

RBI Puts Restrictions on Paytm Bank

The Reserve Bank of India (RBI) has banned Paytm Payments Bank from all forms of banking services, including bank transfers and accepting deposits.

Bitpanda Launches Institutional Crypto Platform
Blockchain & Crypto

Bitpanda Launches Institutional Crypto Platform

Austrian fintech unicorn Bitpanda has launched Bitpanda Wealth – a cryptocurrency trading platform catering to the growing demand for institutional crypto services in the EU.

China to Revise AML Regulations With Crypto Transaction Cases
Blockchain & Crypto

China to Revise AML Regulations With Crypto Transaction Cases

The revised law on Anti-Money Laundering (AML) practices in China will take into account the prevention of cryptocurrency use for such illegal purposes.

OpenAI GPT-4 Poses Little Risk of Helping Create Bioweapons
Science & Technology

OpenAI GPT-4 Poses Little Risk of Helping Create Bioweapons

OpenAI reported that its most powerful artificial intelligence software, called GPT-4 poses a degree of risk in the framework of a potential scenario for its use by humans to create biological weapons.

Walmart Expands Virtual Try-On Tech
Fintech & Ecommerce

Walmart Expands Virtual Try-On Tech

Walmart has decided to expand the use of augmented and virtual reality technologies, spreading this offer on eyewear.

Microsoft Revenues Rise 18%, but Investors Unimpressed With AI Operations Boost
Science & Technology

Microsoft Revenues Rise 18%, but Investors Unimpressed With AI Operations Boost

Tech giant Microsoft has announced positive quarterly financial results, but coupled with Alphabet’s earnings data, the numbers left investors unimpressed and wiped off $190B in market value for AI-related companies.

German Prices Ease More Than Expected
Finance & Economics

German Prices Ease More Than Expected

At the beginning of the current year, inflation in Germany showed a slowdown, the pace of which turned out to be more significant than initial expectations for the dynamic of the decrease in the intensity of growth in the cost of goods and services.

Probability of Interest Rate Cut by Bank of England Grows
Finance & Economics

Probability of Interest Rate Cut by Bank of England Grows

The Bank of England on Thursday, February 1, is likely to keep the interest rates at 5.25%, keeping this indicator within what can be described as sustainable stability.

Visa and Transak to Enable Crypto-to-Fiat Withdrawals
Blockchain & Crypto

Visa and Transak to Enable Crypto-to-Fiat Withdrawals

Cooperation between the Visa payment network and Web3 infrastructure provider Transak will facilitate crypto-to-fiat withdrawals without centralised exchanges involved.

India Cuts Tariffs to Entice iPhone Manufacturing
Science & Technology

India Cuts Tariffs to Entice iPhone Manufacturing

The Indian leadership has decided to reduce taxes on the import of several components for mobile devices.