Chinese Shadow Bank Zhongzhi Files for Bankruptcy
The Chinese shadow banking giant Zhongzhi Enterprise Group Co. has filed for bankruptcy.
Report - page 105
Adyen and Straumur to Enhance Payment Processing in Iceland
Adyen, a global financial platform based in the Netherlands, announced the beginning of cooperation with the Icelandic firm Straumur, which is a subsidiary of Kvika.
OpenAI Reportedly to Launch Online Store Next Week
The media reports that OpenAI, which has developed the world’s most popular chatbot based on artificial intelligence called ChatGPT, will launch its online store next week.
Global Startup Funding Decreases 38% in 2023
Global startup funding declined to the lows last seen in 2018, illustrating a 38% drop year-on-year.
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.
PRIME Africa Provides Access to Improved Financial Services for Moroccan Migrants
To improve financial services for Moroccans, a new partnership has been launched between the United Nations International Fund for Agricultural Development (IFAD) and international money transfer operator, Moneytrans, which is part of the Platform for Remittances, Investments and Migrants’ Entrepreneurship in Africa (PRIME Africa) project.
HSBC Reportedly Joins Ranks of Suitors for Tesco Banking Arm
HSBC has joined the list of financial institutions that are participating in a kind of race for the right to acquire Tesco Bank.
Enhanced Blockchain Security Brought Crypto Hack Losses Down 51% in 2023
The state of Web3 and blockchain security improved over the past year, causing a twofold decrease in losses to crypto hacks and other cybersecurity incidents.
Samsung Previews New Smartphone
Samsung has announced a new smartphone, hinting very clearly that artificial intelligence will be the main element of technological content in this development.
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.
Barclays Warns on Cooling iPhone Demand
The price of Apple shares on Tuesday, January 2, showed a drop of 3.6%.
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.
UK Executives Urge Bank of England to Cut Rates
In the United Kingdom, the executives of local companies appealed to the Bank of England to lower interest rates shortly, arguing that this decision by the financial regulator would be able to support the country’s weakening economic system after the so-called depressed confidence turned out to be at a four-month low.
HSBC Completes Sale of Its French Retail Banking Business
HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France.
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.
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