National Bank of Oman Partners With PayMate
The National Bank of Oman has signed a Memorandum of Understanding with the Indian fintech company PayMate as part of efforts to achieve the goal of modernizing B2B payment processes.
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SVB Financial Group and Creditors Plan to Found New Company
SVB Financial Group, the former parent company of Silicon Valley Bank, was able to make progress in its bankruptcy case by reaching an agreement with the main creditors.
TSMC Revenue Exceeds Forecasts
Taiwan Semiconductor Manufacturing Co. (TSMC) revenue for the fourth quarter of 2023 exceeded preliminary expectations, which provided for a decrease in this indicator.
Samsung Posts Sixth Straight Quarter of Declining Operating Profit
Samsung Electronics Co. recorded a decline in operating profit for the sixth consecutive quarter.
Foxconn Expects Decline in Sales
Foxconn warned of a fourth consecutive decline in quarterly sales.
Qualcomm Announces New Chip for Mixed Reality
Qualcomm Inc., the largest manufacturer of processors for mobile phones, has announced a new Snapdragon XR2+ chip, designed for virtual and mixed-reality headsets.
Intel and DigitalBridge Establish Generative AI Company
Intel and DigitalBridge Group are jointly establishing the company Articul8, which will provide corporate clients access to a secure and vertically optimized software platform for creating artificial intelligence.
US National Debt Hits $34 Trillion
The debt of the Government of the United States has exceeded the $34 trillion mark for the first time in history.
Meta Cuts Prices for Quest 2 Headset
Meta has reduced the cost of the Quest 2 virtual reality headset.
China’s Factory Activity Picks Up
A private gauge of factory activity in China showed an increase in December.
Nokia Says About Negative Prospects of Sales
Nokia Oyj said it will not be able to meet its annual forecast for sales, operating margin, and free cash flow.
GitHub Expands Availability of AI Assistant
GitHub has made its Copilot Chat generally available to organizations and individuals.
India-Based Car-Sharing Platform Zoomcar Goes Public
Zoomcar, an Indian peer-to-peer carsharing platform that targets emerging markets, has gone public.
China’s Richest Provinces to Take Lead in Driving Economic Growth
In China, local officials have released information on their priorities for next year, which includes, among other things, promises from some of the country’s most financially secure provinces to become a driving force in stimulating the growth of the state’s economy.
Nvidia to Launch Special Version of Its Gaming Chip for China
The American company Nvidia, which is currently the largest player in the global chip manufacturing industry, intends to release a special version of one of its gaming processors for the Chinese market.
