Explained - page 28

News

AMD to Acquire Server Maker ZT Systems

It became known that Advanced Micro Devices (AMD) Inc. has reached an agreement on the implementation of the deal for the acquisition of ZT Systems, which specializes in the implementation of server manufacturing activities.

News

Texas Instruments to Receive Up to $1.6 Billion From US Commerce Department

Texas Instruments, maker of microcircuits, on Friday, August 16, announced that it would receive from the US Commerce Department financing in the amount of up to $1.6 billion for the construction of three new facilities.

Fintech & Ecommerce

Banking Technology Firm Amount Raises $30 Million

The Amount company, which operates in the area of banking technologies, announced that it managed to raise investment funds for $30 million.

News

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.

Finance & Economics

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.

News

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.

Finance & Economics

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.

Finance & Economics

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.