Indonesia Bans iPhone 16
Sales of the latest generation of the iPhone smartphone from the US technology giant Apple have been banned in Indonesia.
News - page 29
Citi Turns to Google to Use AI and Cloud Technology
Citi has teamed with Google to use artificial intelligence and cloud technology to bolster its digital strategy.
AMD Reports Quarterly Revenue
Advanced Micro Devices (AMD) on Tuesday, October 29, released information about its earnings for the quarter ended September 28, 2024.
Alphabet Reports Earnings
Alphabet, the parent company of Google, has published information about its earnings for the third quarter of the current year.
Larry Fink Says About Scales of Further Fed’s Monetary Easing
Blackrock chief executive officer Larry Fink said Tuesday, October 29, speaking at a CEO-studded panel in Riyadh, Saudi Arabia, that the Federal Reserve will not cut interest rates on the scale that markets expect, as currently embedded inflation is too high.
Morgan Stanley CEO Says About End of Era of Zero Interest Rates and Inflation
Morgan Stanley chief executive officer Ted Pick on Tuesday, October 29, during a speech at a panel of finance CEOs in Riyadh, Saudi Arabia, said that the days of easy money and zero interest rates are firmly in the past.
JPMorgan Chase CEO Says Banks Must Fight Back Against Regulators
Jamie Dimon, chief executive officer of JPMorgan Chase, the largest bank in the United States, said last Monday, October 28, that his colleagues should fight against excessive regulation.
Citi Launches Integrated Digital Bill Discounting Solution
Citi has launched an integrated digital bill discounting solution, which, as stated by this financial institution, will help customers monetize accounts receivable in less than an hour.
AI Share in U.S. VC Funding Surges
AI funding surges in 2024, as U.S. investors are seeking opportunities to invest in this rapidly growing but still emerging technology.
Global Public Debt to Surpass $100T in 2024
The IMF reports that global public debt is projected to exceed $100 trillion by the end of 2024, largely driven by rising fiscal deficits in the United States and China.
Boeing Launches Share Sale
Boeing Co. has launched a share sale worth almost $19 billion.
Microsoft’s Revenue Reportedly to Decline
Microsoft is expected to release data on Wednesday, October 30, on the slowest growth rate of quarterly revenue in a year.
Alphabet’s Q3 Revenue Growth Reportedly to Slow
It is expected that the technology giant Alphabet on Tuesday, October 29, will release data on the slowest revenue growth in the last four quarters hurt by competition that weighed on its core Google Search business and dented YouTube advertising spending.
Intel Invests $300 Million in China
Intel has announced its intention to expand its chip packaging and testing base in Chengdu, a city located in the southwestern part of China and the capital of Sichuan province.
Hong Kong Unveils Rules for Responsible AI Use
The Hong Kong government has unveiled its first guidelines on the practice of responsible use of artificial intelligence and embraced blockchain, as local regulators seek to stay ahead of the pace of the technological revolution, which is likely to disrupt financial services.
Global Economy to Maintain Stable Growth of 3.2% in 2025
The global economy is expected to perform in a “stable yet underwhelming” manner in 2024 and 2025, showing a steady growth rate of 3.2%, according to the IMF forecast.
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