News - page 66

Finance & Economics

Boeing Launches Share Sale

Boeing Co. has launched a share sale worth almost $19 billion.

Science & Technology

Intel Invests $300 Million in China

Intel has announced its intention to expand its chip packaging and testing base in Chengdu, a city located in the southwestern part of China and the capital of Sichuan province.

Science & Technology

Hong Kong Unveils Rules for Responsible AI Use

The Hong Kong government has unveiled its first guidelines on the practice of responsible use of artificial intelligence and embraced blockchain, as local regulators seek to stay ahead of the pace of the technological revolution, which is likely to disrupt financial services.

Finance & Economics

Global Economy to Maintain Stable Growth of 3.2% in 2025

The global economy is expected to perform in a “stable yet underwhelming” manner in 2024 and 2025, showing a steady growth rate of 3.2%, according to the IMF forecast.

Fintech & Ecommerce

U.S. Dollar Dominates SWIFT Payments

In August 2024, the dollar accounted for almost half (49.1%) of payments handled by the global payment network SWIFT, with no other currency presenting solid competition to the dollar’s role in international payments.

Fintech & Ecommerce

Getnet Launches Single Entry Point for Payments in Latin America

Getnet has launched a regional e-commerce solution that provides a single entry point (SEP) for payment transactions in countries such as Chile, Brazil, Mexico, and Argentina.

Fintech & Ecommerce

Osigu Raises $25 Million for Healthcare Platform

Osigu has announced the first closing of a Series B funding round in the amount of $25 million.

Science & Technology

Perplexity AI Says Its Search Engine Serves 100 Million Queries Per Week

Perplexity AI chief executive officer Aravind Srinivas on Friday, October 25, said that this artificial intelligence search company serves more than 100 million queries weekly.

Science & Technology

Apple Reportedly Tests Blood-Sugar App

The media reports that Apple this year tested an app with which people with prediabetes will be able to control the process of food intake and change their lifestyle.

Finance & Economics

US Consumer Sentiment Demonstrates Improvement

In October, local consumer sentiment in the United States showed an increase, reaching a mark that corresponds to a six-month high.

Finance & Economics

Morgan Stanley Lowers Climate Target

Morgan Stanley lowered its expectations for cutting emissions in its corporate lending portfolio.

Blockchain & Crypto

South Korea to Monitor Cross-Border Crypto Transactions

New crypto regulations in South Korea will require businesses engaged in cross-border virtual asset trade to register with authorities in advance and submit monthly transaction reports to the Bank of Korea.

Fintech & Ecommerce

Visa and USAID Join Efforts to Drive Inclusive Digital Government Ecosystems and Digitize Payments

Together with USAID, Visa aims to enhance access to secure, inclusive, and transparent digital government systems globally, promoting economic development and growth in select markets.

Fintech & Ecommerce

Mastercard Expands Product Express Platform for Card Issuance

Mastercard is expanding its Product Express platform across Africa, the Middle East, Europe, North America, and additional markets in Latin America, enabling fintechs to launch card programs with speed, simplicity, and full transparency.

Science & Technology

Identity Startup Socure to Acquire Effectiv

Socure Inc., an identity verification service provider whose functional solutions are used by companies such as Chime Financial Inc. and Robinhood Markets Inc., has agreed to acquire Effectiv, a fraud prevention platform.

Fintech & Ecommerce

Klarna Launches UK Gift Card Store

Klarna has announced the opening of the Gift Card Store, which was developed in partnership with a global branded payments provider Blackhawk Network.