South Korea Factory Output Falls
In South Korea, factory output in November showed a decline at a rate that exceeded preliminary expectations regarding the intensity of the relevant process.
News - page 55
UBS Boss Warns Against Excessive Banking Regulation
UBS chief executive officer Sergio Ermotti said on Monday, December 30, that Switzerland should not set such rules for the country’s banking sector that would put it in a disadvantageous position.
Siemens Reviews Healthineers Majority Stake
Siemens AG is currently reviewing its majority stake in the medical technology subsidiary of Siemens Healthineers.
Japan’s Factory Activity Shrinks
In Japan, factory activity remained in the zone of a decrease in December, but at the same time, the pace of the corresponding process slowed down.
Ransomware Transforms to Billion-Dollar Industry
Ransomware is currently what can be called an industry since the financial volume of the relevant space for illegal activities in a virtual environment already amounts to billions of dollars.
One-Click Checkout Is Most Desired Feature for U.S. Merchants
A recent report indicates that 45% of U.S. online merchants have requested one-click checkout solutions from their payment service providers (PSPs) in an effort to enhance conversion rates.
Bitcoin Falls Below $94K
Bitcoin’s price fell to $93,700, a significant drop from its all-time high of about $108,000 registered on December 17.
Nidec Makes $1.6 Billion Unsolicited Bid for Makino
Nidec Corp. offers 257.3 billion yen ($1.6 billion) to take over machine tool builder Makino Milling Machine Co., initiating a rare unsolicited takeover of a Japanese company.
Foxconn Invests in AI Data Center Firm
Foxconn, a giant in the global electronics manufacturing sector, is partnering with Zettabyte, a company specializing in artificial intelligence infrastructure.
Meta Expects AI Characters to Generate Content
Meta expects to see artificial intelligence characters that will generate content on social media platforms that are part of its digital ecosystem.
OpenAI Outlines New For-Profit Structure
OpenAI on Friday, December 27, outlined plans to revamp its structure.
HomeStreet Agrees to Sell $990 Million in Loans to Bank of America
The parent company of HomeStreet Bank, which is based in Seattle, has agreed to sell to Bank of America loans for a multifamily commercial property worth $990 million.
US Airlines Say Goodbye to Difficult Year
The current year turned out to be a busy period in terms of the number of events that occurred in the United States aviation sector, but the string of news from the relevant sphere activities was clearly not unambiguously positive and contained a lot of negative information that has sensitive consequences for companies in the […]
India Sees Economic Growth at 6.5%
The Indian government partially blamed the central bank of this South Asian country for the tight monetary policy, saying that the corresponding strategy of the financial regulator is the reason for the weak performance of the local economy, and stating expectations that growth in the second half of fiscal year is likely to accelerate amid […]
China Revises Up 2023 GDP
On Thursday, December 26, China revised upward the size of its economy by 2.7%.
Alibaba and E-Mart to Create E-Commerce JV
Alibaba Group Holding Ltd. has agreed to form a joint venture for its South Korean operations with the e-commerce platform E-Mart Inc.
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