News - page 9

Science & Technology

Apple’s iPhone Sales in China Demonstrate Growth

In China, a significant increase in sales of Apple’s iPhone smartphones was recorded in April.

Science & Technology

Central Banks Use Generative AI for Cybersecurity Praising Its Effectiveness

BIS report revealed that most of its central bank members are adopting generative AI to enhance their internal cybersecurity measures. Moreover, they see immediate results of such implementation.

Finance & Economics

Bank of Japan Signals Room for Interest Rate Hikes

Governor of the Bank of Japan Kazuo Ueda and his deputy said that after this Asian country shifted away from the 0% inflation norm, opportunities for a gradual increase in interest rates were formed.

Finance & Economics

China’s Wary Investors Demonstrate Interest in Ultra-Long-Term Special Government Bonds

The surge in interest in China’s ultra-long-term special government bonds, which are extremely rarely offered, has become evidence that investors are interested in the so-called safe-haven assets since they need at least some guarantees and some protection during a period of significant economic instability.

Finance & Economics

China’s Middle Class Concerns About Spending

According to the results of a study conducted by employees of the Southwestern University of Finance and Economics in Chengdu, Sichuan Province, Chinese families who belong to the middle-class category continue to take a cautious approach in the context of their spending issues.

Science & Technology

China Creates $47.5 Billion Chip Fund

China has set up the largest investment fund in the history of this Asian country dedicated to the development of homegrown chips, which is especially important for Beijing at the current historical moment characterized by a high level of geopolitical tension.

Fintech & Ecommerce

Shaping Tomorrow’s Banking Landscape: 12th Edition Connected Banking Summit

On May 23rd, 2024, the Maslow Hotel in Johannesburg set the stage for a groundbreaking gathering as the 12th Edition Connected Banking Summit – Southern Africa Innovation & Excellence Awards 2024 convened over 300 global executives, experts, and leaders from the banking and financial services industry. This year’s summit, themed “Empowering Tomorrow’s Banking Digital Landscape: […]

Science & Technology

Startup xAI Raises $6 Billion

Startup xAI, which operates in the artificial intelligence industry, raised $6 billion in investment funds.

Fintech & Ecommerce

Mastercard and African Development Bank Group Collaborate to Provide Digital Identities

Mastercard and the African Development Bank Group have formed an alliance to provide access to critical services to 100 million people and businesses in Africa.

Blockchain & Crypto

Marathon Digital to Enhance Kenya’s Energy Sector Transformation

Bitcoin mining giant Marathon Digital Holdings will support energy utilization and optimize renewable energy projects across Kenya

Fintech & Ecommerce

Google to Invest $350 Million in Flipkart

Google will acquire a minority stake in Walmart-backed Flipkart.

Blockchain & Crypto

SEC Greenlights More Ethereum ETFs

The price of Ethereum has hardly shown any changes even though the United States Securities and Exchange Commission (SEC) has approved the accelerated launch of Ether exchange-traded funds (ETFs).

Fintech & Ecommerce

Walmart Launches Gamified Marketplace

Walmart and Amazon are long-time competitors that strive to gain young customers, from time to time offering solutions designed to improve their positions in this market struggle.

Fintech & Ecommerce

Spreedly Launches Partnership With NuORDER

The open payments platform Spreedly announced the beginning of an expansioned partnership with B2B commerce company NuORDER by Lightspeed.

Blockchain & Crypto

Cryptocurrency Exchange Gate.HK Faces Regulatory Pressure

Hong Kong-based cryptocurrency exchange Gate.HK has closed down due to non-compliance with local licensing requirements, which will take effect on June 1.

Fintech & Ecommerce

TD Bank Reportedly Improves Anti-Money Laundering Processes

The media reports that Toronto-Dominion Bank (TD Bank) has decided to dismiss more than a dozen employees and has begun activities to modernize its functional processes to improve the system of countering transactions aimed at money laundering.