Chinese Zhongzhi Enterprise Group Says About Its Huge Debt
The largest Chinese asset management company Zhongzhi Enterprise Group (ZEG) has informed investors that it is no longer able to pay its bills.
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Global Smartphone Sales Show Growth
In October, for the first time in 27 months, the global smartphone market recorded an increase in sales volumes on an annualized basis.
AI Startup Cohere CEO Criticizes Movement for Self-Righteousness
Aidan Gomez, CEO of the startup Cohere, which operates in the sphere of artificial intelligence, in his letter addressed to the employees of this company, in negative terms criticized the movement for effective altruism.
White House Gives $50 Million to Small Businesses
The Administration of the President of the United States Joe Biden announced the provision of new financial assistance to those representatives of the small business sector who are in an underserved area.
Nvidia’s Revenue Demonstrates Growth
Nvidia has released its financial results for the quarter ended October 29.
HP Posts Revenue Decline
HP has published a report on its quarterly sales, which did not meet analysts’ expectations because the projected recovery of the personal computer market is still a hypothetical vision of the future and is not in the space of objective reality that cannot be denied.
China Fines Foxconn
In China, local tax authorities fined a subsidiary of Foxconn Technology Group.
German Budget Crisis Worsens
The German leadership decided on an emergency spending freeze against the background of the decision of the country’s top court, which aggravated the already existing budget crisis, which became a kind of shock factor for Europe’s largest economy.
Baidu Posts Revenue Rise
Chinese technology giant Baidu on Tuesday, November 21, announced the financial results of its activities for the third quarter of 2023.
TSMC Reportedly Considers Building Third Plant in Japan
The media, citing insiders, report that Taiwan Semiconductor Manufacturing Co. is currently studying the possibility of building a third plant in Japan.
Janet Yellen Says About US Considerable Progress in Reducing Inflation
Treasury Secretary Janet Yellen said on Monday, November 20, that the United States is making significant progress as part of efforts to reduce the inflation rate in this country.
Germany to Help Its Tech Industry to Compete With Silicon Valley
Germany has approved a package of reforms in the sphere of capital that will help this country’s technology sector compete with Silicon Valley.
Santander Launches Overdraft-Free Checking Accounts
Bank Santander has introduced a checking account, which is designed to provide customers of this financial institution with the opportunity to avoid overdrafts.
Chipmaking Gear Companies Record Sales Growth in China
Leading manufacturers of equipment used in making microcircuits have recorded a sharp increase in the share of revenue they receive in the Chinese market.
Alphabet Sells Off All of Its Shares in Trading App Robinhood
Google’s parent company Alphabet has decided to sell all its shares in the trading app Robinhood.
Microsoft Reportedly Temporary Blocks Employee Access to ChatGPT
The media reported that Microsoft temporarily blocked its employees’ access to ChatGPT, the world’s most popular artificial intelligence-based chatbot developed by OpenAI.
