Westpac Announces Tech Upgrade
Australian bank Westpac has announced its intention to invest billions of dollars in simplifying its technology infrastructure over the next four years.
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Chinese Property Giant Country Garden Delays Earnings
The troubled Chinese property giant Country Garden last Thursday, March 28, announced its decision to delay the publication of data on its financial results for the past year.
OpenAI Previews New Audio Tool
OpenAI has released information about the early test results of its new artificial intelligence feature, which can read text materials aloud in the most realistic human voice.
US Reportedly to Unveil List of Chinese Chip Factories Barred From Receiving Tech
The media reports that the United States is currently drawing up a list of advanced chip manufacturing plants in China to subsequently ban the receipt of key tools by these factories.
Jerome Powell Says About Prospects of Cutting Interest Rates
Federal Reserve Chairman Jerome Powell on Friday, March 29, at an event in San Francisco, said that the central bank of the United States does not intend to make hasty decisions and act in an accelerated manner as part of an approach to a potential reduction in interest rates.
Huawei Reports Profit Growth
Huawei Technologies Co. reported an increase in profit for the fourth quarter of 2024.
Amazon to Spend $148 Billion on Data Centers
Amazon.com Inc. intends to spend almost $150 billion on data centers over the next 15 years.
Experts Forecast Rebound of Global Smartphone Market in 2024
The report of experts from Counterpoint Research, which was published on Thursday, March 28, contains a forecast that in the current year, the volume of global smartphone shipments will show an increase of 3%.
Sam Bankman-Fried to Spend 25 Years in Federal Prison
Sam Bankman-Fried was sentenced to 25 years in federal prison.
US Authorities Revise Economy Fourth-Quarter Growth
In the United States, the local economic system showed growth in the fourth quarter of last year, which turned out to be higher than initially expected.
AI Startup Cohere to Raise Funds at $5 Billion Valuation
Startup Cohere Inc., which operates in the artificial intelligence industry, is currently in the late stages of discussing a new round of financing.
China Aims to Be Driving Force for World Economic Recovery
China is currently striving to become a powerful driving force in the process of recovery of the global economic system.
Google and Pinterest Reportedly Test Ad Partnership in US
The media reports that Google and Pinterest are currently testing collaboration in the sphere of advertising.
Robinhood Launches Credit Card for Its Gold Members
Robinhood launched the credit card as part of a continuing effort to expand the sphere of financial services.
PBOC Chief Plans to Deepen Currency Ties With Asian Economies
People’s Bank of China Governor Pan Gongsheng said that the country will seek to intensify currency cooperation with other Asian economies to strengthen financial stability in the region.
Janet Yellen Says About Impact of China’s Industry Ramp-Up on World Economy
US Treasury Secretary Janet Yellen intends to put pressure on the Chinese authorities during her upcoming visit to this country since Beijing’s ramp-up of industrial capacity is a factor distorting the global economic system.
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