News - page 246

Foxconn to Invest $1.6 Billion in India
Science & Technology

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
Finance & Economics

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
Science & Technology

Snapchat Reportedly Tests Ad-Free Subscription Tiers

Media reports that Snapchat is currently testing consumer subscription offers without ads.

Reddit Reportedly Plans IPO
Science & Technology

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
Finance & Economics

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
Finance & Economics

JPMorgan Expands UAE Services

JPMorgan announced the expansion of its operations in the United Arab Emirates (UAE).

US Black Friday Online Sales Approach $10 Billion
Fintech & Ecommerce

US Black Friday Online Sales Approach $10 Billion

The media reports that this year in the United States in the segment of virtual sales, consumers spent a record $9.8 billion during Black Friday.

Neuralink Raises $43 Million
Science & Technology

Neuralink Raises $43 Million

Neuralink, a company founded by Elon Musk that specializes in the development of implantable chips capable of reading brain waves, was able to attract additional venture capital for $43 million.

White House Reportedly to Redouble Measures to Strengthen Supply Chains
Finance & Economics

White House Reportedly to Redouble Measures to Strengthen Supply Chains

The media reports that this week the administration of the President of the United States Joe Biden will double measures aimed at strengthening the supply chain.

HSBC Customers Face Mobile Banking Outage
Finance & Economics

HSBC Customers Face Mobile Banking Outage

In the UK, thousands of HSBC customers are faced with the problem of accessing online banking and mobile banking services.

Berkshire Hathaway Exits India’s Paytm
Fintech & Ecommerce

Berkshire Hathaway Exits India’s Paytm

American Berkshire Hathaway Inc. has withdrawn from the Indian Paytm, as evidenced by information on the local stock exchange.

Russia’s Sanctioned Sovcombank Applies for US Licence to Make UN Climate Payments
Finance & Economics

Russia’s Sanctioned Sovcombank Applies for US Licence to Make UN Climate Payments

Sovcombank, one of Russia’s major financial institutions, sanctioned by the US, UK and EU, has applied to the US Treasury for a licence to make membership payments to a United Nations climate funding programme.

Google’s AI Chatbot Answers Questions About YouTube Videos
Science & Technology

Google’s AI Chatbot Answers Questions About YouTube Videos

Google has announced that its artificial intelligence-based chatbot called Bard can now answer users’ questions about videos posted on YouTube.

Swedbank Robur Launches Two Climate Funds
Finance & Economics

Swedbank Robur Launches Two Climate Funds

Swedbank Robur, as part of the implementation of its strategy of activities related to rolling out projects aimed at protecting the environment, is launching two new funds specializing in climate and climate bonds.

PaymentSense Intends to Obtain Irish Money Licence
Fintech & Ecommerce

PaymentSense Intends to Obtain Irish Money Licence

In the foreseeable future, competition may intensify in the payment sector in Ireland, as the British-based company PaymentSense plans to apply to the Central Bank of the said country for a license for electronic money.

Majority of UK Banks Test GenAI
Fintech & Ecommerce

Majority of UK Banks Test GenAI

Currently, according to UK Finance survey, in the United Kingdom, many local companies and organizations that operate in the sphere of financial services are using generative artificial intelligence technologies and tools in a test mode.