Explained - page 26

European Investment Bank Seeks to Provide Greater Support to Startups
Finance & Economics

European Investment Bank Seeks to Provide Greater Support to Startups

The European Investment Bank said on Monday, October 7, that the finance ministers of the European Union countries welcomed its Action Plan to deepen regional capital markets and provide more support to startups.

US Big Banks Lending Income Reportedly to Hit Two-Year Low
Finance & Economics

US Big Banks Lending Income Reportedly to Hit Two-Year Low

The media reports that new reports on the performance of the largest banks in the United States will contain data according to which these lenders have received income from lending which is the lowest for the last two years.

Samsung Reportedly to Fix Growth of Profit
Science & Technology

Samsung Reportedly to Fix Growth of Profit

Samsung Electronics is expected to release data on Tuesday, October 8, according to which its profit more than quadrupled last quarter amid increased demand for chips.

Foxconn’s Revenue Beats Estimates
Science & Technology

Foxconn’s Revenue Beats Estimates

Revenue of Foxconn, the world’s largest contract electronics manufacturer based in Taiwan, was the highest ever in the third quarter of the current year.

TrueLayer Raises $50 Million
Fintech & Ecommerce

TrueLayer Raises $50 Million

TrueLayer raised $50 million as part of its $130 million Series E funding round.

Ubisoft Shares Demonstrate Growth
Science & Technology

Ubisoft Shares Demonstrate Growth

The value of shares of Ubisoft, the maker of video games, on Friday, October 4, showed an increase of more than 30%.

Global Supply Chain Pressure Demonstrates Weakening
Finance & Economics

Global Supply Chain Pressure Demonstrates Weakening

An index tracked by the New York Federal Reserve on Friday, October 4, testified that the resolution of the strike at United States ports is likely to be a factor in reducing pressure on global supply chains.

Experian Buys Cyber Security Firm ClearSale
News

Experian Buys Cyber Security Firm ClearSale

Credit data company Experian has agreed to buy firm ClearSale, which specializes in carrying out activities in the cybersecurity area.

US Hiring Tops Estimates
Finance & Economics

US Hiring Tops Estimates

Job growth in the United States in September exceeded all preliminary forecasts for the dynamic of the corresponding indicator.

Experts Say US Jobs Report to Show Stable Growth in September
Finance & Economics

Experts Say US Jobs Report to Show Stable Growth in September

Economists surveyed by the media expect that the number of hiring in the United States will show an increase as a result of September.

OpenAI Secures $4 Billion Credit Line
Science & Technology

OpenAI Secures $4 Billion Credit Line

OpenAI has secured a new revolving credit line worth $4 billion.

India to Fabricate Its First Chip in Two Years
Science & Technology

India to Fabricate Its First Chip in Two Years

India will fabricate its first chip in two years.

Nvidia and Accenture to Boost Corporate AI Adoption
Science & Technology

Nvidia and Accenture to Boost Corporate AI Adoption

Nvidia Corp. expands the scope of cooperation with technology consultant Accenture to drive the adoption of artificial intelligence in the business environment and boost orders for the chip manufacturer’s products.

Chinese Startup Numemory Claims Memory Chip Breakthrough
Science & Technology

Chinese Startup Numemory Claims Memory Chip Breakthrough

The Chinese startup Numemory, which operates in the space of the semiconductor industry, presented the largest-capacity memory chip in its category, which was developed and manufactured in mainland China.

Microsoft’s AI Bet to Lead to Over $100 Billion in Data Center Leases
News

Microsoft’s AI Bet to Lead to Over $100 Billion in Data Center Leases

As Microsoft investors await quarterly earnings this month, another metric is becoming more important which is finance leases.

China Stocks Demonstrate Sharp Increase
News

China Stocks Demonstrate Sharp Increase

On Monday, September 30, Chinese stock indexes showed the largest one-day gain in the last 16 years.