Explained - page 37

Porch Group Reportedly Sues China Construction Bank
News

Porch Group Reportedly Sues China Construction Bank

Media reports that the Porch Group, a United States-based homeowner’s insurance company and provider of home inspection software, has sued China Construction Bank, accusing this financial institution of reinsurance fraud.

Uber Reports First-Quarter Results
News

Uber Reports First-Quarter Results

Uber has released data on its financial results for the first quarter of the current year.

UK Economy Escapes Recession
Finance & Economics

UK Economy Escapes Recession

The economy of the United Kingdom has left the recession zone, as evidenced by the fact that in the first quarter of the current year, the local gross domestic product (GDP) showed growth of 0.6% compared to the previous three months.

OpenAI Reportedly Plans to Announce Google Search Competitor
Science & Technology

OpenAI Reportedly Plans to Announce Google Search Competitor

The media, citing two insiders, reported that OpenAI is currently completing preparations for the debut of its new product, which is an artificial intelligence-based Internet search system.

Big Tech Companies Consume Lot of Data to Win in AI
Science & Technology

Big Tech Companies Consume Lot of Data to Win in AI

Currently, large technology companies are demonstrating what can be described as super-intensive data consumption, as part of their desire to become winners in the so-called race for artificial intelligence, which has become one of the main processes in the space of digital reality, which is increasingly integrated with life realized offline, and largely determines the […]

German Industrial Production Demonstrates Decline
News

German Industrial Production Demonstrates Decline

In Germany, a decrease in industrial output was recorded in March.

China’s Services Activity Growth Eases
News

China’s Services Activity Growth Eases

In April, China recorded a slowdown in the expansion of the local service sector, but at the same time, the dynamic of the growth was demonstrated by new orders.

Saudi Fintech Company Rasan to Sell 30% Stake in Riyadh IPO
Fintech & Ecommerce

Saudi Fintech Company Rasan to Sell 30% Stake in Riyadh IPO

Fintech company Rasan, which is based in Saudi Arabia, intends to sell 30% of its stake during the initial public offering (IPO) of shares in Riyadh.

Foxconn Posts Record April Sales
Science & Technology

Foxconn Posts Record April Sales

The Taiwanese company Foxconn, which is the world’s largest electronics manufacturer and assembler of Apple’s iPhone smartphones, on Sunday, May 5, released information about its record sales results for April of the current year and confirmed expectations for revenue growth for the second quarter of 2024.

BlueSnap Reaches $10 Million Settlement With FTC
Fintech & Ecommerce

BlueSnap Reaches $10 Million Settlement With FTC

BlueSnap and its former CEO settled with the Federal Trade Commission (FTC) for knowingly processing payment transactions for deceptive and fraudulent companies.

Zopa Bank Reports £4 Billion in Customer Deposits
Finance & Economics

Zopa Bank Reports £4 Billion in Customer Deposits

Zopa Bank has announced that it has managed to amass customer deposits of 4 billion pounds.

April US Job Growth Totals 175,000
Finance & Economics

April US Job Growth Totals 175,000

The United States economy added fewer jobs in April than initially expected.

OECD Says World Economy Looks to Dodge Stagflation Rut
News

OECD Says World Economy Looks to Dodge Stagflation Rut

The Organisation for Economic Co-operation and Development (OECD) stated that the outlook of the global economic system is improving.

Hong Kong Growth Beats Expectations
Finance & Economics

Hong Kong Growth Beats Expectations

The Hong Kong economy in the first quarter of the current year demonstrated growth rates that significantly exceeded preliminary expectations for the dynamic of the corresponding indicator.

AMD Reports First-Quarter Earnings
Science & Technology

AMD Reports First-Quarter Earnings

Advanced Micro Devices (AMD) on Tuesday, April 30, released information about the financial results of its operations in the first quarter of the current year.

Pinterest Shares Increase on Earnings Beat
News

Pinterest Shares Increase on Earnings Beat

The share price of Pinterest on Tuesday, April 30, increased by 18% during extended trading.