Hong Kong to Launch Inverse Bitcoin ETF
The new inverse Bitcoin ETF enables investors to profit from the crypto asset price declines
News - page 93
China Cuts Interest Rates
In the space of China’s economic system, which is currently the second largest in the world, an unexpected decision by the financial authorities was recorded in the form of lowering borrowing costs.
Google Reportedly to Lead $250 Million Round by Mobile Startup Glance
The media reports that the Indian mobile content provider Glance is currently in active negotiations on raising capital as part of a funding round led by the current backer, which is Google.
Global IT Outage Highlights Fragility of Digital Infrastructure
A defective cybersecurity software update stalled the work of major global airlines, delivery companies, healthcare services and banks on Friday.
Fed’s John Williams Says About Prospects of Changes in Monetary Policy
Federal Reserve Bank of New York President John Williams said that the long-term trends that led to the reduction of neutral levels for interest rates before the outbreak of the coronavirus pandemic still prevail.
Xiaomi Presents First Flip Phone
Xiaomi on Friday, July 19, presented its first flip phone.
China to Intensify Support for Equipment Upgrades
Beijing intends to strengthen measures to support the implementation of the program for the modernization of equipment and trade in consumer goods.
Huawei Collaborates With ZGCMC to Drive AI Adoption
Huawei Technologies has launched a partnership with Sichuan Zigong Conveying Machine Group Co (ZGCMC).
AI Giant iFlytek to Invest in Hong Kong
One of the biggest players in China’s artificial intelligence industry, iFlytek, presented a five-year investment plan for the activity in Hong Kong on Friday, July 19.
OpenAI Launches GPT-4o Mini
OpenAI has presented a more affordable and slimmed-down version of its flagship artificial intelligence model.
Samsung to Acquire Startup Oxford Semantic
On Thursday, July 18, Samsung Electronics announced it has agreed to acquire Oxford Semantic Technologies, a United Kingdom-based startup specializing in technologies that can be used for more sophisticated artificial intelligence apps.
UK Wage Growth Demonstrates Slowdown
A slowdown in the rate of wage growth was recorded in the United Kingdom.
Xi Jinping to Unveil Vision for Chinese Economy
The head of the People’s Republic of China, Xi Jinping, will present his vision of the concept within which the development of the economic system of the Asian country should be carried out.
ECB Reportedly to Hold Rates Steady
Officials of the European Central Bank during their meeting on Thursday, July 18, will most likely not make decisions on any changes in interest rates and will hold the corresponding indicator at the same level.
Klarna Reportedly Considers Possible 2025 US IPO
Media reports indicate that Klarna is currently weighing financial advisers for its initial public offering (IPO) in the United States.
Anthropic and Menlo Ventures Partner on AI Fund
Anthropic assists Menlo Ventures with a new $100 million fund for startups in the area of artificial intelligence.
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