Explained - page 49

News

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.

News

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.

Finance & Economics

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.

Fintech & Ecommerce

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.

News

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.

Society & Lifestyle

Disney Introduces New Subscription Solutions

Experts say that changes in Disney’s policy regarding subscription decisions may signal that the company has decided to follow the path of Netflix.

Finance & Economics

British High Commission in Fiji Form Partnership to Deliver Climate Finance Projects

The UK Government announced that the British High Commission (BHC) in Suva, Fiji, has established a partnership system under which climate finance projects will be implemented in the Pacific island States.

News

Federal Reserve Bank of New York Reports Record Americans’ Credit Card Debt

The indicator of the debt of residents of the United States on credit cards has reached a historical level of more than $1 trillion.

News

Chinese Export Declines Most in Last Three Years

By the end of July, China recorded a sharper reduction in import and export indicators compared to initial expectations.

Science & Technology

India Postpones Laptop Import Restrictions

India has postponed the start date of restrictive measures against the import of laptops, tablets, and servers to this country.

Fintech & Ecommerce

Petal to Expand Credit Card Program

Petal announced intention to expand its credit card program.

Fintech & Ecommerce

Robinhood Reports First-Ever Profit

The second quarter of 2023 was the first profitable period for Robinhood Markets since the platform became public, which happened in July 2021.

News

SoFi Publishes Earnings Results

SoFi’s results concerning the company’s revenues have become evidence of the effectiveness and justification of the firm’s concept of activity, which provides for the unification of savings, lending, and expenses within a single financial vector characterized by continuity.