Japan’s Economy Bounces Back
The Japanese economy showed growth in the second quarter of the current year.
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China’s Economy Fails to Rebound
In the current quarter, the downturn continues in the space of China’s economic system.
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.
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.
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.
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.
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.
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.
US July Federal Deficit Demonstrates Growth
In July, the United States government recorded a budget deficit of $244 billion.
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.
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.
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.
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.
SoftBank Announces $3.4 Billion Buyback
SoftBank Group Corporation announced a share buyback worth up to 500 billion yen ($3.4 billion).
China Reports Exports and Imports Data
In July, China recorded an increase in imports, which exceeded preliminary expectations for the dynamic of this indicator, while the pace of export activity turned out to be less optimistic compared to forecasts.
Startup Riverlane Raises $75 Million
The startup Riverlane, which specializes in the development of semiconductors to reduce errors in quantum computing, announced that it managed to raise $75 million in the latest funding round.
