Explained - page 36

China Creates $47.5 Billion Chip Fund
News

China Creates $47.5 Billion Chip Fund

China has set up the largest investment fund in the history of this Asian country dedicated to the development of homegrown chips, which is especially important for Beijing at the current historical moment characterized by a high level of geopolitical tension.

Spreedly Launches Partnership With NuORDER
Fintech & Ecommerce

Spreedly Launches Partnership With NuORDER

The open payments platform Spreedly announced the beginning of an expansioned partnership with B2B commerce company NuORDER by Lightspeed.

Lenovo Reports Quarterly Earnings
Science & Technology

Lenovo Reports Quarterly Earnings

For the third quarter in a row, Lenovo has published information on financial performance that exceeds preliminary expectations.

UK Inflation Slows
News

UK Inflation Slows

In the United Kingdom, the inflation rate in April was the lowest in almost three years.

Wall Street Provides Financing Deals Backed by AI Chips
Finance & Economics

Wall Street Provides Financing Deals Backed by AI Chips

Wall Street investment companies are striving to take advantage of the artificial intelligence industry, which is currently demonstrating a high intensity of development and scaling.

DoorDash Scales Ulta Partnership to All 50 States
News

DoorDash Scales Ulta Partnership to All 50 States

DoorDash announced the expansion of its partnership with Ulta Beauty, which is already three years old.

China’s Capital Outflow Demonstrates Growth
News

China’s Capital Outflow Demonstrates Growth

In April, China recorded an increase in the tendency of capital outflows.

China Consumers Face Growing Utility Costs
Finance & Economics

China Consumers Face Growing Utility Costs

In China, the local consumer community has recently been facing very unfavorable circumstances in the economic environment of this Asian country in the form of a prolonged and deep downturn in the real estate market and a weak labor market, but this negative period still shows no signs of an early end and at the […]

Tassat and Glasstower Collaborate on B2B Payments for Multinational Corporations
News

Tassat and Glasstower Collaborate on B2B Payments for Multinational Corporations

Tassat Group and Glasstower Digital announced the beginning of cooperation to facilitate the procedure for making cross-border digital B2B payments.

Avidbank Taps CorServ to Roll Out New Commercial Credit Card Program
Fintech & Ecommerce

Avidbank Taps CorServ to Roll Out New Commercial Credit Card Program

Avidbank, based in California, has asked CorServ, which is located in Georgia, for assistance in launching a new credit card program for commercial customers of a financial institution.

Baidu Revenue Grows
Science & Technology

Baidu Revenue Grows

Baidu Inc.’s revenue for the first quarter of 2024 showed the slowest growth rate in more than a year.

Dow Crosses 40,000
Finance & Economics

Dow Crosses 40,000

On the morning of Thursday, May 16, the Dow Jones index crossed the 40,000-point mark for the first time in its history.

Japan’s Economy Contracts
Finance & Economics

Japan’s Economy Contracts

During the first quarter of the current year, Japan’s economy contracted.

US Inflation Slows
Finance & Economics

US Inflation Slows

In April, a decrease in the inflation rate was recorded in the United States, which was not just economic news, but a kind of source of the positive for local citizens, who have recently faced increasing price pressure and lack of significant prospects for improving the economic situation.

Chinese Companies Make Headway in Manufacturing High Bandwidth Memory
News

Chinese Companies Make Headway in Manufacturing High Bandwidth Memory

The media, citing sources and documents, reported that two Chinese chip manufacturers are currently in the early stages of making high bandwidth memory (HBM) microcircuits used in artificial intelligence chipsets.

Apple Reportedly Plans to Sell Vision Pro Outside US
Science & Technology

Apple Reportedly Plans to Sell Vision Pro Outside US

Media reports that Apple has begun preparations to launch sales of the Vision Pro mixed-reality headset outside the United States.