PDD Holdings Reportedly Accumulates $38 Billion Cash Stockpile
The media reports that PDD Holdings, which ownership structure includes Temu, a company operating in the e-commerce area, is currently sitting at $38 billion in cash.
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China Warns Japan of Consequences for Possible New Chip Restrictions
China has stated to Japan that it is ready to take restrictive retaliatory measures if Tokyo continues to reduce the scope of sales and service of equipment necessary for the production of chips.
Qatar Launches Digital Asset Regulations
A comprehensive regime for regulating and creating digital assets will enable safe and transparent custody arrangements, transfer and exchange of cryptocurrencies in the Qatar Financial Centre (QFC) in Doha.
Central Banks Buy Record Gold Reserves
Global central banks purchased 483 tonnes of gold in the first half of 2024, outperforming the previous record of 460 tonnes set in H1 2023 by 5%.
Amazon Reportedly Chooses Anthropic to Power Alexa 2.0
Media reports say Amazon is using Anthropic’s Claude AI model to power a new version of its Alexa voice assistant.
Magic Raises $320 Million
Magic has announced that it has raised $320 million in funding to develop an artificial intelligence coworker for AI research and code generation.
Eurostat Reports Inflation Decline
Inflation in the Eurozone fell to 2.2% in August.
Google to Launch Second Data Center in Latin America
Last Thursday, August 29, Google announced its intention to open its second data center in Latin America.
Dell Shares Rise Amid Positive Earnings Report
Last Thursday, August 29, Dell published information on the financial results of its operations in the second quarter of fiscal year 2025, which turned out to be more optimistic compared to the content of the preliminary forecasts of Wall Street analysts and became evidence of the company’s upward dynamic business related to servers.
Intel Rises Due to Investor Enthusiasm
Intel shares are currently on a growth trajectory.
Crypto.com Launches Global Retail Services Through Its Dubai Hub
The launch of Crypto.com global retail services is enabled by Standard Chartered’s tailored banking solutions and the forward-thinking regulatory framework of Dubai’s Virtual Assets Regulatory Authority (VARA).
Mastercard to Pilot Payment Passkey Service in India
India was chosen as the first country to experience the benefits of the new Mastercard Payment Passkey Service to facilitate payment authorisation and make online shopping more secure.
OpenAI Reportedly Seeks to Raise Several Billion Dollars
The media reports that OpenAI is planning to raise investments worth several billion dollars as part of a new round of financing.
Mexican Fintech Stori Enters Colombian Market
Mexican fintech company Stori is set to launch in Colombia with a $100 million investment.
PayMate & NBBL Launch BBPS-B2B Platform for Businesses in Digital India
The PayMate BBPS-B2B platform aims to standardise and digitise nationwide commercial processes related to invoicing, payment initiation, collection, reconciliation and settlement.
German Inflation Slows
In August, Germany recorded a slowdown in the inflation process to the target level of the European Central Bank (ECB).
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