Chinese Economist Calls for 5% GDP Target in 2025
China should set an economic growth target of about 5% for 2025, an indicator similar to the analogous goal for the current year.
News - page 52
JPMorgan Gets Fined in Singapore for Manager Misconduct
JPMorgan Chase relationship managers allegedly misrepresented or withheld key pricing details, causing clients to pay spreads exceeding agreed rates, said the Central Bank of Singapore.
SEC Sues Touzi Capital for Misleading Investors
According to the SEC, Touzi Capital stated investor funds would finance crypto mining operations, but they were used for unrelated expenses instead.
ADB Partners Mastercard to Boost Financing for MSMEs
ADB and Mastercard share a common goal to foster inclusive economic growth, particularly in developing economies where MSMEs are the backbone of the business ecosystem.
Baidu to Test Robotaxi Service in Hong Kong
Baidu has secured approval to test its Apollo Go robotaxi service in Hong Kong, extending its autonomous vehicle operations beyond mainland China.
Online Black Friday Spending Rises 10%
U.S. shoppers made online purchases worth nearly $10.8 billion on Black Friday using their mobile phones, laptops, desktops and other portable devices.
Norway Joins Eurosystem’s Payment Service
Norway has concluded the deal to add the krone to the Eurosystem’s Target Instant Payment Settlement (Tips) service.
Ugandan Central Bank Reportedly Faces Hacker Attack
The media reported that hackers broke into the systems of the central bank of Uganda and stole 62 billion shillings ($17 million) from its accounts.
Canada’s Economy Demonstrates Growth
In the third quarter of 2024, the Canadian economic system showed growth of 1% year-on-year.
Barclays Prefers German Blue-Chip Stocks Over French
Strategists at Barclays, a London-based bank, said that German blue-chip stocks show more promise compared to their French counterparts.
Euro-Area Inflation Climbs to 2.3%
In the eurozone, in November the inflation figure exceeded the European Central Bank’s target of 2%, although this circumstance, as experts suggest, is unlikely to become a deterrent in the context of the implementation of the intention of the financial authorities of the region to further cut interest rates next month and later.
India’s Quarterly Economic Growth Slumps to Near Two-Year Low
In the second fiscal quarter, which ended in September, the Indian economy showed growth of 5.4% year-on-year.
US Reportedly Preps New China Chip Curbs
The media reported that the administration of the President of the United States Joe Biden is currently considering additional restrictions on the sale of semiconductor equipment and artificial intelligence memory chips to China.
Argil Raises $5.2 Million
Argil has closed a seed round supporting its virtual platform powered by artificial intelligence, which helps businesses, educators, and creators to produce videos.
German Government Plans New Chip Subsidies
The German government is currently preparing new investments in the country’s semiconductor industry two months after Intel Corp. shelved intentions related to the construction of a chip manufacturing plant worth 30 billion euros ($32 billion) in Magdeburg.
Amazon S$2B Investments Into Singapore Businesses Creates Over 10,000 Indirect Jobs
Amazon invested over S$2 billion in Singapore in 2023, driving over 10,000 indirect jobs for the market and supporting thousands of local businesses.
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