BofA’s CashPro App Reaches $1 Trillion Milestone
Bank of America announced that by the end of the current year, corporate clients of this financial institution will have made more than $1 trillion in approvals for payments through the CashPro App.
News - page 49
First UAE Stablecoin Gets Final Approval Before Launch
AE Coin, the first regulated stablecoin in the UAE pegged to the local dirham currency, has received the final licence from the Central Bank of the UAE and is scheduled for the soon-to-come launch.
Norway welcomes First Apple Pay Alternative for iPhones by Vipps
Vipps MobilePay launched a mobile wallet payment solution for iPhone, now available for customers in Norway.
Amazon and Intuit Strengthen Strategic Alliance
Amazon and Intuit enhance their long-term collaboration to save sellers time and improve decision-making by providing seamless data synchronization between Amazon and QuickBooks platforms.
X Unveils AI Image Generator Aurora Available Through Grok Assistant
X AI assistant Grok can now generate high-quality photorealistic images with its new capability brought by the Aurora tool.
Long-Term Prospects of Fed’s Monetary Policy Easing Face Uncertainty
The jobs report published last week was interpreted by many experts as a kind of signal of the inevitability that in the current month, the Federal Reserve System will make another decision on cutting interest rates, but this answer to the question of what happens next faces a symbolic twilight of uncertainty.
China Consumer Inflation Drops to Five-Month Low
In China, November consumer inflation was recorded at a level that is a five-month low.
BitOasis Secures VASP License in Dubai
BitOasis can now offer a full range of crypto trading services in Dubai upon receiving a full virtual asset service provider (VASP) license.
Jack Ma Envisions AI Shaping Ant Group’s Future Through Innovation and Efficiency
Chinese billionaire and the co-founder of industry-leading Ant Group, Jack Ma, expressed his opinion about the significant opportunities artificial intelligence (AI) can offer to the fintech giant.
UK Business Confidence Demonstrates Decline
In the United Kingdom, businesses lost steam and pulled back on hiring in November.
OpenAI Reportedly to Give Microsoft Access to Its AGI
The media reported that OpenAI may provide Microsoft with access to its as-yet-unrealized artificial general intelligence (AGI).
China Opens Probe Into Nvidia
Chinese state media reported that Beijing has launched an antitrust investigation against Nvidia, the world’s largest and most popular developer of graphics processing units, which are necessary for training and ensuring the process of subsequent operation of artificial intelligence systems.
Australian Fintech Faces Contraction, Blockchain Hit Hardest
Despite global interest in cryptocurrency, Australia has seen the closure of several blockchain and crypto startups, amid the overall decline of fintech innovation in the country.
Chinese Regulators Urge Global Banks to Facilitate Offshore IPO Listings
Chinese regulators, including the China Securities Regulatory Commission (CSRC), have reportedly requested top global banks to expedite offshore listings for Chinese companies in Hong Kong in an effort to boost overseas fundraising and revive the economy.
Amazon Presents New AI Capabilities at AWS re:Invent 2024
Amazon revealed the full scope of upcoming generative AI innovations at the annual cloud-focused event in Las Vegas.
HSBC Expects S&P 500 Index to Hit 6,700
Brokerage HSBC expects the S&P 500 index to reach 6,700 by the end of next year.
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