SoftBank Announces $3.4 Billion Buyback
SoftBank Group Corporation announced a share buyback worth up to 500 billion yen ($3.4 billion).
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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.
Morningstar DBRS Says About Self-Fulfilling Prophecy on Market
Morningstar DBRS analysts warn that a prolonged downturn in the market after a global sell-off could become what they called a self-fulfilling prophecy.
Japanese Stocks Rebound From Crash
On Tuesday, August 6, in Japan, local stock indexes showed significant growth, partially offsetting the drop a day earlier that became a historical negative record.
Japanese Stocks Demonstrate Rapid Fall
On Monday, August 5, Japanese stock indexes showed a drop in price of such a scale that corresponds to the concept of historical losses and does not belong to the category of moderate decline, which is not critical.
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).
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.
Stripe Buys Lemon Squeezy
Stripe has acquired Lemon Squeezy, a payment processing startup.
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.
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