State Bank of India Rolls Out Web-Based Invoice Financing Solution
The State Bank of India has launched a web-based invoice financing solution for microbusinesses and small and medium-sized businesses.
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South Korea’s Export Grows Amid Record Chip Sales
In June, an increase in South Korea’s export activity was recorded.
China’s Factory Activity Rises
In China, last month, an increase in the factory activity of local companies belonging to the private sector was recorded.
China’s Central Bank to Borrow Treasury Bonds From Primary Market
On Monday, July 1, the People’s Bank of China announced its intention to borrow treasury bonds from some traders in the primary market shortly.
UK GDP Demonstrates Growth
The economy of the United Kingdom left the territory of the materialization of the negative recession scenario ahead of the time that experts and analysts predicted.
Thomas Barkin Says About US Ongoing Battle Against Inflation
Thomas Barkin, President of the Federal Reserve Bank of Richmond, said that the process of combating inflation is currently underway in the United States.
Nubank Acquires Hyperplane
Nubank’s digital banking platform has implemented the deal to acquire Hyperplane, a company specializing in data intelligence.
Malaysia Gains Chinese Investors to Build More Data Centers
Malaysian Economy Minister Rafizi Ramli said that the country’s leadership is currently negotiating with potential investors from China about their possible participation in data center construction projects.
ECB’s Olli Rehn Sees Bets for Two More Cuts in 2024 as Reasonable
Expectations that the European Central Bank will adjust the current configuration of its monetary policy twice more this year by lowering the cost of borrowing are fair, according to Governing Council member of the financial institution Olli Rehn.
Pismo Activates Ledger Update
Pismo, a global cloud-native provider of core banking services and bank card processing, has announced that a significant upgrade has been made to its authorization engine.
German Business Expectations Fall
Germany’s business outlook showed a deterioration for the first time in five months, a sign that Europe’s largest economic system is facing various difficulties and obstacles on its way to recovery.
Anthropic Releases New AI Model
Anthropic, a startup operating in the artificial intelligence industry, has developed a new AI model.
Swiss National Bank Cuts Rate Again
The Swiss National Bank decided to cut interest rates for the second meeting in a row.
Nvidia Surpasses Microsoft as World’s Most Valuable Company
Nvidia, the main beneficiary of the ongoing scaling process of the so-called artificial intelligence boom on Wall Street, has become the most valuable company in the world.
Stripe Plans to Let Employees Cash Out Shares
Stripe fintech company intends to provide its employees with the opportunity to cash out some of their shares.
China Seeks to Make Green Hydrogen One of Pillars of Economy
Last week, at the International Carbon Neutrality Expo in Shanghai, many scale models were presented that allowed experts to form a preliminary idea of how China intends to use hydrogen energy.
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