UK Cancels $1.7 Billion of Computing Projects
In the United Kingdom, the local government has canceled computer infrastructure projects worth 1.3 billion pounds ($1.7 billion).
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UK Banks Cut Costs
The largest local financial institutions in the United Kingdom have started to cut costs.
Intel Shares Fall Amid Disappointing Earnings
Intel shares fell by 20% on Thursday, August 1, as a result of information about the financial performance of the company in the second quarter of 2024, which turned out to be worse than preliminary expectations, and the consequence of the statement by the management of the firm about its intention to lay off more […]
US Unemployment Rate Demonstrates Growth
In July, a cooling was recorded in the United States labor market, which turned out to be more widespread than preliminary forecasts regarding the most likely dynamic of the state of affairs in the relevant space.
AMD Posts Revenue Rise
Advanced Micro Devices (AMD) has released information on its financial results for the second quarter of the current year.
China to Focus on Consumption
In China, the local leadership has promised to pay high-level attention to stimulating consumer spending.
Euro-Area Economy Demonstrates Growth
In the second quarter of the current year, the eurozone economic system was on a growth trajectory and demonstrated such positive dynamic rates that exceeded the initial expectations of experts regarding the intensity of the rising of the corresponding indicator.
Booming GenAI Demand to Double Asia-Pacific Data Centre Capacity by 2028
Analysts predict that against the background of scaling up the implementation of generative artificial intelligence and cloud computing, the capacity of data centers located in the Asia-Pacific region will double over the next five years.
Energy Tech Startup Greenely Grabs €8 Million
Swedish-based startup Greenely is closing an €8 million (about $8.7 million) Series A funding round.
Digital Marketing Startup Plaiced Acquires Precursor Ventures-Backed Clutch
The Plaiced online social network has acquired the Clutch marketplace, which provides digital marketing services to consumers.
IBM Reports Q2 Earnings
IBM last Wednesday, July 23, published information on its financial results for the second quarter of the current year, which exceeded analysts’ preliminary expectations.
Chinese Provinces Step Up to Entice Business
Currently, there is a kind of political and economic tendency throughout China, which consists in the fact that the municipal authorities of the Asian country are making efforts to retain overseas businesses and increase the trust of local companies, and in this context, the indicative is the example of the leadership of Henan Province, which […]
Wiz Reportedly Rejects Google Deal
Media reports that the startup Wiz, which specializes in developing solutions in the area of cloud security, rejected Google’s offer to buy this firm for $23 billion.
Fed’s John Williams Says About Prospects of Changes in Monetary Policy
Federal Reserve Bank of New York President John Williams said that the long-term trends that led to the reduction of neutral levels for interest rates before the outbreak of the coronavirus pandemic still prevail.
