UK’s Nottingham Files for Bankruptcy
Nottingham City Council has become another victim of the financial crisis in the UK in the sphere of local government.
News - page 239
Lloyds Chief Urges UK Policymakers to Refrain From Encroaching on Banks’ Profits
The chief executive of Lloyds Banking Group made something like a warning statement to British politicians, describing measures such as a tax on unforeseen expenses of banks as thing that should be excluded amid expectations of a busy election year.
Amazon Announces AI Chatbot for Businesses
Amazon last Tuesday, November 28, announced a new chatbot called Q, which consumers will be able to use at work.
CFPB Fines Bank of America
The Consumer Financial Protection Bureau (CFPB) applied to Bank of America a measure of material impact in the form of an obligation to pay $12 million for the involvement of this financial institution in the practice of providing incomplete data related to mortgage lending to the federal government.
Visa Reveals What Extra Benefits Travellers Are Willing to Pay For
Visa Global Travel Intentions Study discovered that there are no signs of travel rebound, despite rising costs. The report also reveals payment trends associated with both domestic and international trips.
PayGround Raises More Than $19 Million
PayGround managed to raise investment funds for $19.7 million following the results of the Series A financing round.
AWS and Nvidia to Deliver Generative AI Infrastructure
Amazon Web Services (AWS) and Nvidia have announced the expansion of cooperation to provide consumers with advanced infrastructure, software, and services for innovation in the sphere of artificial intelligence.
Apple to End Credit Card Partnership With Goldman Sachs
Apple is reportedly looking for ways to end its credit card and savings account partnership with Goldman Sachs within a year or so.
US Home Prices Hit Record High
In September, the dynamic of housing prices in the United States continued to move within the growth trend.
UBS Chair Predicts Challenging 2024
UBS Chairman Colm Kelleher said that next year will be one of the most difficult in the takeover process of Credit Suisse by the mentioned financial institution.
Foxconn to Invest $1.6 Billion in India
The Taiwanese technology giant Foxconn, one of the main manufacturers of the iPhone smartphones of the American company Apple, intends to expand the scale of its presence in India by allocating investment funds for $1.6 billion in new construction projects.
China to Focus on Sustainable Growth
Pan Gongsheng, governor of the People’s Bank of China, said that at present, high-quality and sustainable growth is the most important for this country in terms of priorities related to the economic system.
Snapchat Reportedly Tests Ad-Free Subscription Tiers
Media reports that Snapchat is currently testing consumer subscription offers without ads.
Reddit Reportedly Plans IPO
The media reports that Reddit is currently negotiating with potential investors about an initial public offering (IPO).
Bank of England Governor Resists UK Rate Cuts for Foreseeable Future
Bank of England Governor Andrew Bailey, suggests that a reduction in interest rates in the foreseeable future is an unlikely prospect, warning that the second half of the process of countering inflation in the United Kingdom will be hard work.
JPMorgan Expands UAE Services
JPMorgan announced the expansion of its operations in the United Arab Emirates (UAE).
