News - page 5

Finance & Economics

Sovereign Debt Servicing Costs Low-Income Countries Over $2.6B Extra Due to Currency Fluctuations and Climate Impact

A fresh report shows that the international financial system is being unfair to low-income countries, which suffer from currency fluctuations and the heightened impact of climate change.

Fintech & Ecommerce

Mastercard and Visa Usher New Era of Agentic AI Commerce

Both payment network providers, Visa and Mastercard, have almost simultaneously unveiled their initiatives to enable the future of AI-driven agentic commerce.

Science & Technology

ASM International Expects Sales Growth

ASM International, a Netherlands-based manufacturer of equipment for making chips, said last Tuesday, April 29, that it expects annual sales to grow in a double-digit percentage range at constant currencies, despite increasing macroeconomic uncertainty amid global trade tensions.

Science & Technology

Nvidia CEO Says About China’s Position in AI Race

Nvidia chief executive officer Jensen Huang on Wednesday, April 30, said that China is not behind in the artificial intelligence industry and noted that Huawei is one of the most formidable technology companies in the world.

Fintech & Ecommerce

Rogo Raises $50 Million

Technology startup Rogo raised $50 million to build an artificial intelligence-powered Wall Street analyst.

Finance & Economics

Euro-Area Economic Growth Quickens

At the beginning of the current year, the eurozone economy demonstrated growth, the pace of which exceeded preliminary expectations regarding the dynamic of the relevant process, but this system has yet to face the impact of tariffs imposed by the President of the United States Donald Trump, in the plane of practical consequences.

Finance & Economics

US Economy Shrinks

At the beginning of the current year, the United States economic system showed a decline for the first time since 2022, amid a significant increase in imports ahead of the announcement of tariffs on goods shipped to the US from other countries, and moderate consumer activity in the context of spending.

Fintech & Ecommerce

Google Wallet to Facilitate Age and ID Verification

Google Wallet expands its functionality with ID passes for the UK market, and mobile IDs spreading to more U.S. states.

Fintech & Ecommerce

Lending Club Acquires Cushion AI Tech & Expertise

Cushion AI technology will help Lending Club customers track bills and recurring payments, manage subscriptions, build credit history, and monitor buy now, pay later (BNPL) loans.

Blockchain & Crypto

UK Introduces Draft Legislation for Crypto Industry

British regulators have come up with a draft legislation to bring some clarity and customer protection to the UK crypto sector.

Fintech & Ecommerce

OpenAI Turns ChatGPT Into Shopping Assistant

OpenAI announced last Monday, April 28, that it has started to roll out its ChatGPT chatbot features that make it easier and faster to find, compare, and buy products.

Finance & Economics

HSBC Reports Earnings

One of the largest European lenders, HSBC, on Tuesday, April 29, published information on the financial results of its operations for the first quarter of the current year, which exceeded preliminary expectations due to the robust performance of its wealth business, and strength in its corporate and institutional banking segment.

Finance & Economics

Donald Trump Eases Auto Tariffs

President of the United States Donald Trump on Tuesday, April 29, signed an executive order and a proclamation on easing auto tariffs.

Science & Technology

UPS Reportedly Considers Partnership With Robotics Startup Figure AI

The media published information according to which United Parcel Service (UPS) and Figure AI are currently considering the possibility of cooperation.

Fintech & Ecommerce

Velera to Provide Card Processing Support to 802 Credit Union

Vermont-based 802 Credit Union (802CU) has selected Velera credit union service organization (CUSO) to provide credit and debit card processing support.

Fintech & Ecommerce

PayPal Reports First-Quarter Earnings

PayPal has published information about its earnings for the first quarter of the current year, which exceeded preliminary expectations, but at the same time, this company missed on revenue and reaffirmed its guidance for 2025 due to macro uncertainty.