Explained - page 11

Science & Technology

Lenovo Reports Earnings

Lenovo released data on its earnings in the last quarter, which exceeded preliminary expectations for growth in the corresponding indicator and became an example contributing to the strengthening of expectations that the computing industry will be able to receive a recovery boost due to global spending on artificial intelligence.

Finance & Economics

Japan’s Economy Bounces Back

The Japanese economy showed growth in the second quarter of the current year.

News

China’s Economy Fails to Rebound

In the current quarter, the downturn continues in the space of China’s economic system.

News

Cisco Gives Upbeat Sales Forecast

Cisco Systems Inc., the largest manufacturer of computer networking equipment, has released an optimistic revenue forecast amid an increase in the number of orders, but at the same time announced its intention to reduce the number of its workforce as part of making significant changes to its activity strategy.

Science & Technology

McKinsey Sees AI Stimulates Consulting

McKinsey & Co. currently records an increase in the number of clients who are interested in projects related to the use of artificial intelligence.

News

European Stocks Demonstrate Growth Amid US Inflation Data Expectations

On Wednesday, August 14, European stock indexes demonstrated the dynamic of the growth at the beginning of trading.

Finance & Economics

US Producer Prices Demonstrate Growth

In the United States, a slowdown in the dynamic of wholesale inflation was recorded in July, which was a relatively expected result.

Finance & Economics

Biggest Kenyan Bank to Boost Loans

Equity Group Holdings Plc, Kenya’s largest bank by market capitalization, intends to increase lending in the domestic market by 5% in the second half of the current year.

News

India Inflation Dips Below RBI Target

In India, the inflation rate fell below the target level of the central bank of this South Asian country for the first time in almost five years.

News

US July Federal Deficit Demonstrates Growth

In July, the United States government recorded a budget deficit of $244 billion.

Finance & Economics

China’s Consumer Prices Demonstrate Growth

In July, China recorded an increase in consumer prices, the pace of which turned out to be higher than preliminary expectations regarding the degree of intensity of this indicator.

Science & Technology

TSMC Sales Demonstrate Growth Amid AI Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) last month recorded an acceleration of the dynamic of the revenue growth rate by 44% year-on-year and 23,6% relative to the speed of movement of this figure on an upward trajectory in June.

Science & Technology

Chinese Chipmaker SMIC Reports Q2 Earnings

Semiconductor Manufacturing International Corp (SMIC) on Thursday, August 8, released information on the financial results of its activities in the second quarter of the current year.

Finance & Economics

Maersk CEO Says About Lack of Sign of US Recession in Freight Demand

Shipping giant Maersk, which has the status of a kind of barometer of the state of affairs in the world trade system, is convinced that currently there are no signs of a recession scenario in the global economy since the level of demand for services related to freight transportation continues to remain at high levels.

Science & Technology

SoftBank Announces $3.4 Billion Buyback

SoftBank Group Corporation announced a share buyback worth up to 500 billion yen ($3.4 billion).

News

China Reports Exports and Imports Data

In July, China recorded an increase in imports, which exceeded preliminary expectations for the dynamic of this indicator, while the pace of export activity turned out to be less optimistic compared to forecasts.