Golden Ventures Secures $100 Million to Invest in Canada’s Tech Ecosystem
Golden Ventures, a Canadian-based venture capital firm, has closed over its fifth fund of more than $100 million.
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Grab Reports First Ever Quarterly Profit
Grab, a Malaysian company specializing in logistics and delivery services has reported its first profitable quarter.
US Manufacturing Activity Demonstrates Growth
It was fixed the increase in manufacturing activity in the United States.
Google Reportedly to Start Manufacturing Pixel Smartphones in India by Next Quarter
The media reported that Google plans to launch production of its Pixel smartphones in India by the next quarter.
Google Pauses Gemini AI Image Generator
Google on Thursday, February 22, announced the decision to suspend the operation of the image generation function, which is included in the list of capabilities of the artificial intelligence model called Gemini.
Nvidia Reports Earnings
Nvidia, the world’s largest chip manufacturer, has become one of the beneficiaries of the so-called artificial intelligence boom, which is confirmed by the financial results of this company.
PhonePe Launches India Mobile App Store
The fintech company PhonePe Pvt., which is part of the Walmart ownership structure, announced the launch of a digital mobile apps store for consumers from India.
World Bank Declares Importance of Much Faster Growth of Emerging Economies
The World Bank, which is based in Washington, D.C., warns that the high cost of borrowing has become a factor that has dramatically changed the need of developing countries to stimulate economic growth that demonstrates such features that can be described as sluggishness and weakness within the framework of the simplified formulation method.
China’s Economic Troubles Hurt HSBC
HSBC on Wednesday, February 21, published data on a significant decrease in its quarterly profit after the share of this financial institution in China’s Bank of Communications (BoCom) fell by $3 billion.
Adobe Launches AI Assistant
Last Tuesday, February 20, Adobe launched a digital assistant based on artificial intelligence.
Barclays to Return £10 Billion to Investors in Overhaul
Barclays Plc announced its activity plans for the near future, which include taking measures to reduce costs, structural reorganization, and returning at least £10 billion to shareholders.
Capital One to Acquire Discover Financial Services
Capital One has announced the acquisition of Discover Financial Services.
Airlines to Scan People’s Faces Instead of IDs
Experts believe that in the foreseeable future, the practice may become a reality, in which aircraft passengers will show their faces during boarding instead of presenting an identity card.
Brazil Stark Bank Doubles Profit
Stark Bank, one of the few startups from Latin America that received funding from Jeff Bezos’ family office, is currently recording profits as part of its activities to assist companies in handling payment transactions.
France and Germany to Propose Measures for Economic Growth
French Finance Chief Bruno Le Maire said that in early March he would make proposals to German Economy Minister Robert Habeck to reduce the norms of the European Union, which, in his opinion, are a factor of negative impact on business and create obstacles to economic growth.
Indian Fintech Sector to Continue to Operate Under Current Rules
In India, the local banking regulator has no intention of tightening the rules governing the fintech sector in this country.
