News - page 85

Science & Technology

AWS to Invest $10 Billion in UK Data Centres

Unit of Amazon, which specializes in cloud computing and is called Amazon Web Services (AWS), on Wednesday, September 11, announced its intention to invest 8 billion pounds ($10.45 billion) in the United Kingdom over the next five years.

Finance & Economics

Economists Improve Singapore 2024 Growth Forecast

Experts have revised their forecasts for the growth of Singapore’s economy in the current year to improve.

Finance & Economics

UniCredit Buys Stake in Commerzbank

Italian UniCredit on Wednesday, September 11, announced the acquisition of a 9% stake in German Commerzbank.

Finance & Economics

Hong Kong Demonstrates Readiness to Push Forward Belt and Road Initiative

Hong Kong’s financial secretary Paul Chan said that the city has all the capabilities necessary to facilitate the implementation of the Belt and Road Initiative.

Science & Technology

Huawei Unveils Mate XT Tri-Fold Handset

Huawei Technologies on Tuesday, September 10, presented the world’s first commercial tri-fold smartphone called Mate XT.

Science & Technology

Apple to Pay 13 Billion Euros in Back Taxes

The European top court on Tuesday, September 10, ruled against Apple.

Fintech & Ecommerce

Amazon Launches New Line of Budget-Friendly Food Items

Amazon, following the experience of Aldi and Target, is launching a new line of inexpensive food items to gain customers who, as part of the practice of purchasing goods and services, consider the cost factor as a priority parameter and abandon products of well-known brands, following the goals of the economy and a consumption strategy […]

Fintech & Ecommerce

Swedish Regulator Reportedly Criticizes Klarna’s Anti-Money Laundering Measures

The media reports that in Sweden, the Financial Supervisory Authority (FSA) has conducted an estimate of the risk assessment system currently used by Klarna and after that made critical remarks.

Science & Technology

Google Loses EU Court Fight

The top court of Europe on Tuesday, September 10, decided that a fine for 2.4 billion euros ($2.65 billion) against Google remained in force.

Science & Technology

Oracle Earnings Beat Estimates

During the extended trading, the value of Oracle shares, a provider of database software, showed an increase of 9%, against the background of earnings data from this company for the first quarter of fiscal year 2025, which exceeded Wall Street’s preliminary expectations.

Science & Technology

Audible to Start Generating AI Voice Replicas of Audiobook Narrators

Amazon.com Inc.’s Audible will begin inviting select a group of audiobook narrators from the United States to train artificial intelligence in their voices.

Finance & Economics

China Faces Growth of Deflation Risk

In China, core inflation has fallen to a level that is the lowest in more than three years, amid which calls have begun to spread for increased efforts to boost household spending.

Finance & Economics

Consumer Spending Activity Threats ECB’s Economic Hopes

Currently, in the eurozone, local consumers are not demonstrating a high level of activity in the context of their spending and have not yet signaled a willingness to expand the scale and scope of appropriate financial actions, against which fears are spreading about the prospects for economic recovery in this region, which is now characterized […]

Fintech & Ecommerce

LoanTap and Hyperface Partner to Facilitate Digital Lending in India

Fintech company LoanTap and a banking-as-a-service startup Hyperface have reached a strategic partnership to boost online lending services in India.

Science & Technology

Palantir and Dell to Join S&P 500

The value of Dell and Palantir shares on Friday, September 6, during extended trading, showed an increase of about 7% in both cases amid reports that these companies will join the S&P 500 index.

Science & Technology

Apple Reportedly Approves WeChat Update

Media reports that Apple has approved an update to the WeChat app from Tencent Holdings ahead of the iPhone 16 debut.