News - page 8

Finance & Economics

Jerome Powell Keeps Hopes Alive for Interest-Rate Cut

Federal Reserve Chairman Jerome Powell, still at the level of hypothetical assumptions, does not deny the likelihood that at some point during the current year, a decision will be made on cutting interest rates, but at the same time recognizes the fact that the circumstances of the external environment are not absolutely favorable for lowering […]

Finance & Economics

Walmart Launches New Grocery Brand

Walmart has unveiled a new grocery brand as part of its drive to retain the customers the company gained during a period of high inflation.

Science & Technology

Microsoft to Open Data Centre in Thailand

Microsoft will open its first regional data center in Thailand.

Science & Technology

AMD Reports First-Quarter Earnings

Advanced Micro Devices (AMD) on Tuesday, April 30, released information about the financial results of its operations in the first quarter of the current year.

Science & Technology

PsiQuantum to Build First Commercial Quantum Computer

PsiQuantum aims to build a utility-scale fault-tolerant quantum computer capable of error correction in Brisbane, Australia.

Science & Technology

Ex-AWS Exec Launches AI Startup for ERP Systems

Bernard Leong, angel investor and ex-AI executive at Amazon Web Services (AWS), has launched a startup focused on financial enterprise resource planning (ERP) enabled by artificial intelligence.

Science & Technology

Pinterest Shares Increase on Earnings Beat

The share price of Pinterest on Tuesday, April 30, increased by 18% during extended trading.

Finance & Economics

Amazon Profit Beats Estimates

Amazon has released its earnings data for the first quarter of 2024, which exceeded preliminary expectations.

Fintech & Ecommerce

Bank of England Urges UK Payment Companies to Upgrade Operational Resilience

Sasha Mills, executive director of Financial Market Infrastructure (FMI) at the Bank of England, said that much more needs to be done in the context of increasing cyberattack preparedness for companies that provide payment transaction services in the United Kingdom.

Science & Technology

AWS Launches New GenAI-Powered Assistants

Amazon Web Services (AWS) on Tuesday, April 30, announced the universal availability of its virtual assistants based on generative artificial intelligence, which are designed to solve business-related tasks and software development.

Science & Technology

Huawei Reports Quarterly Earnings

Huawei Technologies on Tuesday, April 30, released information on the financial performance of its activities in the first quarter of the current year.

Science & Technology

Microsoft to Invest $1.7 Billion in Indonesia

On Tuesday, April 30, Microsoft announced its intention to invest $1.7 billion in Indonesia over the next four years.

Science & Technology

Samsung Reports Jump in Profit

Samsung Electronics on Tuesday, April 30, released information on its financial results for the first quarter of the current year, which showed significant growth, largely due to an increase in prices for memory chips amid increased optimism about the prospects for the development and scaling of the artificial intelligence industry.

Fintech & Ecommerce

NatWest Issues First IP-Backed Loan to Sci-Net

The new High Growth IP Loan that Sci-Net secured from NatWest has been developed in cooperation with specialist IP evaluation company Inngot to help unlock the funding gap for high-growth firms.

Blockchain & Crypto

Hong Kong Crypto ETFs Begin Trading

Spot Bitcoin and Ethereum exchange-traded funds (ETFs), the first crypto ETFs in Asia, have officially gone live in the Hong Kong stock market today.

Fintech & Ecommerce

Amazon Says Prime Delivery Speed Increases

Amazon has reported that its Prime deliveries are showing record-high speeds.