Explained - page 23

Finance & Economics

ECB’s Olli Rehn Sees Bets for Two More Cuts in 2024 as Reasonable

Expectations that the European Central Bank will adjust the current configuration of its monetary policy twice more this year by lowering the cost of borrowing are fair, according to Governing Council member of the financial institution Olli Rehn.

Fintech & Ecommerce

Pismo Activates Ledger Update

Pismo, a global cloud-native provider of core banking services and bank card processing, has announced that a significant upgrade has been made to its authorization engine.

News

German Business Expectations Fall

Germany’s business outlook showed a deterioration for the first time in five months, a sign that Europe’s largest economic system is facing various difficulties and obstacles on its way to recovery.

Science & Technology

Anthropic Releases New AI Model

Anthropic, a startup operating in the artificial intelligence industry, has developed a new AI model.

Finance & Economics

Swiss National Bank Cuts Rate Again

The Swiss National Bank decided to cut interest rates for the second meeting in a row.

News

Nvidia Surpasses Microsoft as World’s Most Valuable Company

Nvidia, the main beneficiary of the ongoing scaling process of the so-called artificial intelligence boom on Wall Street, has become the most valuable company in the world.

News

Stripe Plans to Let Employees Cash Out Shares

Stripe fintech company intends to provide its employees with the opportunity to cash out some of their shares.

News

China Seeks to Make Green Hydrogen One of Pillars of Economy

Last week, at the International Carbon Neutrality Expo in Shanghai, many scale models were presented that allowed experts to form a preliminary idea of how China intends to use hydrogen energy.

Finance & Economics

Shanghai Yangpu District Seeks to Expand Its Growing Digital Ecosystem

Shanghai’s northeastern Yangpu district, which has already become a kind of hub for many large technology companies, is seeking to gain smaller-scale firms.

Fintech & Ecommerce

Radar CEO Says Geolocation to Drive Future of Digital-Physical Commerce

Radar CEO and co-founder Nick Patrick, during a conversation with media representatives, said that currently there is a kind of transformation in the orientation of geolocation and geofencing, which are gradually shifting the focus from advertising to the product.

Finance & Economics

UK Unemployment Hits 2.5-Year High

In the United Kingdom, unemployment unexpectedly rose, reaching its highest level in more than two and a half years.

Science & Technology

UK Tech Bosses Urge Focus on AI Skills in High-Stakes Election

Currently, in the United Kingdom, local executives in the technology area and entrepreneurs declare their desire for the next government of this country to focus on the development of skills related to artificial intelligence and on fiscal measures aimed at providing conditions for the implementation of the economic growth process.

News

Taiwan’s Technology Sector Overcomes Challenges With AI

In Taiwan, local technology companies, which are currently the world’s largest suppliers of hardware for personal computers and smartphones, demonstrate an optimistic attitude, even though the current configuration of reality in the geopolitical plane is not a kind of platform for positive prospects and not a certain set of facts and circumstances testifying in favor […]

News

Japan’s GDP Falls

The Japanese economic system was on a downward trajectory in January-March of the current year, but in this case, the pace of decline turned out to be less than the initial expectations for the dynamic of the corresponding indicator due to an upward revision of data on capital spending and inventories.

Finance & Economics

U.S. Bank Launches Partnership With Greenlight

U.S. Bank has launched a collaboration with Greenlight, which is aimed at improving the level of financial education.

Finance & Economics

China’s Exports Demonstrate Growth

In May, China recorded an increase in exports, which exceeded preliminary expectations.