Swiss National Bank Cuts Interest Rates Again
The Swiss National Bank on Thursday, December 12, decided to cut its key interest rate by 50 basis points.
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China Stresses Plans to Boost Economic Growth
China has confirmed the recent shift in its policy and stressed plans to accelerate economic growth, which is currently facing a clear lack of upward momentum in this Asian country.
Mynt Raises $23 Million
Mynt, a spend management solution focused on small and medium-sized businesses in Nordic countries, raised investments worth 22 million euros (about $23 million) as part of the Series B funding round.
China’s Monetary Shift Signals Economic Issues
Earlier this week, China’s top leadership surprised the market by signaling a shift in monetary policy stance after 14 years, which is unequivocal evidence that the economic problems faced by this Asian country are significant and require certain actions to ensure that the current situation does not gradually transform into a catastrophic crisis.
US Inflation Demonstrates Growth
In November, an increase in inflation was recorded in the United States.
Reddit Tests AI-Powered Answers Feature
Reddit rolls out a new artificial intelligence feature designed to help people quickly find answers to their questions based on user posts.
OpenAI Launches Sora
OpenAI has launched an artificial intelligence system called Sora, which can generate realistic videos based on text prompts from users.
Google Unveils New Chip
Google has presented a new chip, which, according to the statement of this technology giant, is what can be called a major breakthrough in the area of quantum computing, which is currently considered by many companies as the next frontier.
China Consumer Inflation Drops to Five-Month Low
In China, November consumer inflation was recorded at a level that is a five-month low.
Gallagher Agrees to Buy AssuredPartners
Arthur J. Gallagher & Co has agreed to acquire insurance broker AssuredPartners.
UK Business Confidence Demonstrates Decline
In the United Kingdom, businesses lost steam and pulled back on hiring in November.
HSBC Expects S&P 500 Index to Hit 6,700
Brokerage HSBC expects the S&P 500 index to reach 6,700 by the end of next year.
US Job Growth Accelerates
In the United States, a recovery in job creation was recorded in November after the minimum figures in the previous month.
AI Startup iGenius Builds Supercomputer for Financial Services
Startup iGenius, which operates in the area of artificial intelligence, is currently building one of the world’s largest Nvidia DGX AI supercomputers with Nvidia Grace Blackwell superchips.
Saxo Bank Publishes 2025 Forecast
The Saxo Bank Outrageous Predictions, which have already become somewhat traditional, have been published.
Banks Improve Their AML and KYC Practices
The era of digitalization as a global process continues and scales, gradually infiltrating more and more into various aspects of the existence of human civilization and spheres of activity, including the banking sector, many players of which, despite the possibilities of advanced technologies, continue to face old problems in areas anti-money laundering (AML) and Know […]
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