Explained - page 33

Science & Technology

Philippines Seeks to Actively Use AI

Jack Madrid, President of the IT and Business Process Association of the Philippines, said that this Southeast Asian country should use artificial intelligence technologies to raise the sector to new heights of efficiency.

News

Incomes of Leading Chinese Manufacturers of Chip Equipment Demonstrate Growth

According to the results of the first half of 2023, the revenue growth of the leading Chinese manufacturers of chip equipment was recorded.

News

Moody’s Warns US Government About Consequences of Shutdown for Country’s Credit

Moody’s warned that the shutdown of the United States government, which is currently being assessed as a potentially possible scenario for the development of events in the country, is a threat to global markets and may also become a factor of negative impact on the US credit rating.

Science & Technology

India Reportedly Eases Restrictions on Laptop and Tablet Imports

The Indian leadership has decided to ease the planned restrictive measures against the import of laptops, tablets, and other IT equipment.

Science & Technology

Apple’s Taiwan Suppliers Report Decline in August

Apple’s main suppliers in Taiwan in August faced another decline in sales figures, which turned out to be double-digit.

Science & Technology

Globe Telecom CEO Says About Prospects of Philippines as Data Center Hub

Ernest Cu, President and CEO of Globe Telecom, a telecommunications company based in the Philippines, says that in two years the largest data processing center of this brand will start operating.

News

Foxconn Wants to Cooperate With STMicro to Build India Chip Plant

Foxconn Technology Group is teaming up with STMicroelectronics NV to jointly participate in a tender for the construction of a semiconductor plant in India.

Finance & Economics

Venture Investor 500 Global Raises $143 Million

One of the most active early-stage venture investors in Southeast Asia, 500 Global, announced that he managed to raise funds in the amount of $143 million, which will be used to increase the volume of investments in the mentioned region.

Finance & Economics

International Grocery Chain Aldi Invests in Bigger Stores

The business of the international grocery store chain Aldi is in a state of growth in several directions.

News

HDFC Bank and Marriott Bonvoy Launch Travel Card

Indian HDFC Bank announced the beginning of cooperation with Marriott Bonvoy, the Marriott International travel program, in order to launch a co-branded hotel credit card.

Fintech & Ecommerce

Cross River Bank and FinTech Platform Current to Launch New Credit-Building Product

Cross River Bank has reached an agreement with the Current fintech platform on cooperation within the framework of the project to launch a new loan product.

News

Microchip Giant Arm Files for IPO

Arm Holdings, which is part of the ownership structure of SoftBank Group, has taken the first step toward initial public offerings of shares.

News

Tourism to Become $15.5 Trillion Industry by 2033

The volume of the travel industry by 2033 may reach a significant landmark of $15.5 trillion.

News

US Retail Spending Shows Growth

American retail chains reported that by the end of July, an increase in consumer spending in this trading sector was recorded.

News

Expert Says Banks Need Data Providers

Charles Zhu, Enigma’s vice president of products, said during a conversation with the media that the Know Your Business (KYB) requirements can become a heavy burden for financial institutions that form the internal process of meeting the criteria.

Fintech & Ecommerce

AI Reduces Burden on Supply Chains

Shipping has become one of the areas of use of artificial intelligence, where advanced technology has become a valuable tool.