Kenya to Suspend Sam Altman’s Worldcoin
The Kenyan government is concerned about Worldcoin, the cryptocurrency of OpenAI founder Sam Altman.
News - page 96
Amazon Reportedly Overhauls Its Grocery Operations to Compete With Walmart
The media reported that Amazon is currently reviewing its grocery operations to improve competitiveness against Walmart.
Google’s Dominance Triggers Antitrust Crackdown by South Africa’s Watchdog
The dominance of Google in the area of Internet search has caused harsh measures by the antimonopoly authority of South Africa.
Uber Develops AI-Powered Chatbot
Uber Technologies is currently working on creating a chatbot based on artificial intelligence.
Amazon Expands Its Virtual Clinic to All 50 States
Amazon is expanding the regional reach of its Amazon Clinic virtual service to all 50 states and Washington, DC.
Fitch Downgrades US Debt Rating From AAA to AA+
Fitch Ratings has downgraded the US debt rating from the highest level of AAA to AA+.
Twitter Sues Hate-Speech Regulator
Twitter has sued the Center for Countering Digital Hatred (CCDH), a non-profit group that negatively assessed the actions of Elon Musk’s company to counter attempts to incite hatred.
Tradeshift Raises $70 Million
Tradeshift, a platform for creating B2B payments, procurement in supply chains, and B2B marketplace services, announced that it managed to raise investment funds in the amount of $70 million.
SoFi Publishes Earnings Results
SoFi’s results concerning the company’s revenues have become evidence of the effectiveness and justification of the firm’s concept of activity, which provides for the unification of savings, lending, and expenses within a single financial vector characterized by continuity.
Remedial Health Gets Fresh Funding From QED to Digitize Nigerian Pharmaceutical Sector
Remedial Health, a Nigerian startup bringing efficiency to the local pharmaceutical value chain has raised $12 million in Series A equity-debt funding to scale up operations
California Plans to Review Data Privacy in Cars
In California, local regulators with the authority to initiate investigations and proceedings in the field of confidentiality have announced their intention to review the data protection policy followed by car manufacturers.
Rapyd Acquires PayU to Accelerate Expansion Plans
The $610 million acquisition deal enables Rapyd to continue its global expansion across emerging markets in Central and Eastern Europe and Latin America
HSBC Profit Grows
Banking giant HSBC has reported a sharp increase in profit for the second quarter of 2023.
Foxconn Plans to Build Component Plants in India
Foxconn Technology Group, Apple’s main supplier based in Taiwan, intends to increase investment in the development of production in the southern Indian state of Karnataka to more than $1.2 billion.
Standard Chartered Partners Ant Group to Promote Sustainability Goals
Standard Chartered and Ant Group agreed to enhance their partnership in driving green and inclusive finance, global fund management and sustainable development
IRS to Tax Crypto Staking Rewards
The Internal Revenue Service (IRS) has come up with taxation rules for those getting income from crypto staking
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