ECB Holds Interest Rates to First Cut in June
During the meeting on Thursday, April 11, the European Central Bank decided to keep interest rates at the same level.
News - page 3
Amazon CEO Says About Role of His Company in Generative AI Boom
Chief Executive Officer Amazon.com Inc. Andy Jassy said that the cloud infrastructure of the company he heads will become an essential part of the boom in the generative artificial intelligence industry.
China Reports Inflation Data
In China, the level of consumer prices in March remained virtually unchanged compared to a year ago figure, while the cost of manufactured goods in this Asian country continues to be on a downward trajectory, which is evidence of the existence of deflationary pressures threatening the prospects of the local economic system.
Paraguay Postpones Bitcoin Mining Ban
Senators of Paraguay are now considering selling excess energy from its Itaipu hydropower plant to miners instead of the blanket Bitcoin mining ban proposed earlier.
Key US Price Gauge Exceeds Forecasts
A key US price gauge has exceeded forecasts for rent and transportation costs growth.
Amazon Decides to Stop Paying Developers to Create Apps for Alexa
Amazon.com Inc. has decided to no longer pay developers to create apps for Alexa.
Meta Unveils New AI Chip
Meta Platforms Inc. is deploying a new chip designed to ensure the functioning of the artificial intelligence services of this technology giant.
Fitch Downgrades China’s Outlook
Last Tuesday, April 9, Fitch downgraded the outlook on China’s credit rating, explaining the corresponding decision by the fact that currently, this Asian country is facing such negative circumstances as growing financial risks that have arisen against the background of significant problems in the local economic system.
March Inflation Data to Prolong Expectations Fed Rate-Cut
On Wednesday, April 10, official data on consumer prices in the country in March will be released in the United States, which most likely will not become a source of a more unambiguous and reliable preliminary understanding of when the Federal Reserve System will begin implementing the policy of cutting interest rates.
Intel Unveils Latest AI Chip
Intel on Tuesday, April 9, presented its newest artificial intelligence chip called Gaudi 3.
China’s Premier Li Qiang Assembles Economic Experts to Discuss Current Challenges
Last Monday, April 8, Chinese Prime Minister Li Qiang held a meeting with economic experts and representatives of the business community.
South Korea to Invest in AI
South Korean President Yoon Suk Yeol said on Tuesday, April 9 that this country is investing 9.4 trillion won ($6.94 billion) in artificial intelligence.
HSBC to Sell Argentina Business
The financial institution HSBC, which is based in the United Kingdom, has agreed to sell its business in Argentina.
Global Companies With China Units Choose Cheaper Renminbi Funding
Global companies that have business in China are increasingly issuing debt obligations in renminbi to finance activities in the Asian country, as for the first time in six years such a solution has become more cost-effective compared to the practice of raising funds in US dollars.
Microsoft to Open AI Hub in London
Microsoft AI, a unit of the technology giant specializing in the implementation of activities in the artificial intelligence industry, which was established in March, is opening a new machine intelligence hub in London.
Moody’s Expert Warns About Threat to US Economy
Currently, the United States economic system is on a growth trajectory, being backed by favorable circumstances such as high consumer spending and a positive labor market situation, but this does not mean that there are no risks to the positive dynamic nowadays.
© 2024 PAY SPACE, LLC
03148 Ukraine, Kyiv, 2A P.Kurinoho str.