Explained - page 15

News

Oracle and xAI Reportedly End Talks on $10 Billion Server Deal

Media reports that billionaire Elon Musk’s startup xAI, which operates in the artificial intelligence industry, and technology giant Oracle have completed negotiations on a potential server deal worth $10 billion.

News

TSMC Reaches One Trillion Dollar Market Capitalization

Taiwan Semiconductor Manufacturing Co (TSMC) has entered a kind of elite club of the most valuable companies in the world demonstrating by its example that the rapid development of the artificial intelligence industry and the technological evolution of AI are factors in significant impact on the state of affairs on Wall Street.

News

AI Boom Accelerates Growth in Taiwanese Exports

Last month, the volume of Taiwan’s export activity demonstrated the dynamic of growth, the pace of which turned out to be the fastest since February 2022.

Science & Technology

Foxconn Q2 Revenue Exceeds Market Forecast

Foxconn, the Taiwan-based world’s largest contract electronics manufacturer and the main assembler of Apple’s iPhone reported quarterly revenue that beat previous expectations for the dynamic of the corresponding figure.

News

Sweden’s Economy Demonstrates Slow Growth

Currently, the Swedish economic system is on an upward trajectory, but the pace of the corresponding positive process is minimal and in a negative sense does not meet the preliminary expectations of experts regarding the speed of this dynamic.

Finance & Economics

US Job Growth Demonsrates Slowdown

In June, a slowdown in the dynamic of job growth was recorded in the United States, which was a completely expected result.

News

Samsung Shares Top Over 3-Year High

The value of shares of South Korea-based Samsung Electronics reached its highest level since January 2021.

News

South Korea Current Account Tops 32-Month High

South Korea’s current account has reached its biggest surplus in more than two years.

News

Goldman and Citi Predict More Gains for SK Hynix

The value of shares of South Korean company SK Hynix Inc., which is the main supplier to US Nvidia Corp., has shown growth of more than 90% over the past year, but according to Wall Street analysts, this impressive result is not the limit to the upward trajectory of the Asian firm, due to which […]

News

China’s Demographic Situation Causes Economic Headwinds

China’s economic system, which is the second largest in the world, is currently in some sense struggling to recover amid a prolonged downturn in the local real estate sector and after a difficult period of the coronavirus pandemic, but this is not the whole list of problems on the path to the positive dynamic of […]

Science & Technology

SoftBank Stock Hits Record High

The value of shares of the Japanese SoftBank Group reached an all-time high on Thursday, July 4.

News

China Faces Risks Amid Bond Market Bubble

Currently, there is a tendency in China, in which money flows rush into government bonds, the consequences of which are circumstances such as a sharp increase in the price index of these emission securities and a simultaneous drop in their yields to a level corresponding to a record low.

Fintech & Ecommerce

Basware Announces Integration With Amazon Business

Basware, a provider of solutions designed for accounts payable automation and procurement, announced integration with Amazon Business.

News

Physical Cards Drive Passwordless Future

Adam Lowe, chief product and innovation officer at metal premium card issuer CompoSecure, whose digital security platform Arculus streamlines digital authentication processes and secures digital assets while talking to the media, said that the traditional physical card can become a hands-free conduit for seamless trading.

Fintech & Ecommerce

State Bank of India Rolls Out Web-Based Invoice Financing Solution

The State Bank of India has launched a web-based invoice financing solution for microbusinesses and small and medium-sized businesses.

News

South Korea’s Export Grows Amid Record Chip Sales

In June, an increase in South Korea’s export activity was recorded.