China Injects $50 Billion Into Some Banks
Last month, the People’s Bank of China injected almost $50 billion into policy-oriented lenders.
Report - page 106
ASML Suspends Some China Exports
The Dutch company ASML, which specializes in the manufacture of equipment for the production of chips, announced an order received from the Netherlands government to stop supplying some of its products to China.
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.
Nomura Downgrades Uber and Lyft
Ridesharing giants Uber and Lyft achieved good results in 2023, the main one being revenue growth, but 2024 will be a period of difficulties for them.
OnlineCheckWriter.com Launches Cloud Banking Service in Oman
B2B Payment Platform OnlineCheckWriter.com expanded the geography of using its cloud banking service.
GitHub Expands Availability of AI Assistant
GitHub has made its Copilot Chat generally available to organizations and individuals.
US Overtakes China as South Korea’s Top Export Market
In December, shipments of goods produced by South Korean companies to the United States exceeded exports to China.
India-Based Car-Sharing Platform Zoomcar Goes Public
Zoomcar, an Indian peer-to-peer carsharing platform that targets emerging markets, has gone public.
Binance Reports User Growth
Binance was able to demonstrate the growth of its business, despite numerous litigation with regulators.
Publishers Discuss Licensing Content With OpenAI
It is reported that several publishers of news media met with representatives of OpenAI to discuss licensing their content for the subsequent use of these materials in the training of artificial intelligence models.
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.
Huawei Sales Approach $100 Billion in Year
In 2023, Huawei Technologies Co.’s preliminary total revenue showed growth of 9% year-on-year.
AI Chatbot Ernie Reaches 100 Million Users
The user base of an artificial intelligence-based chatbot called Ernie, developed by the Chinese company Baidu, has reached a milestone of 100 million people.
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.
South Korea Chip Output Grows Rapidly
The semiconductor industry in South Korea is currently recording the best state of affairs in recent years, the material form of expression of which is associated with a rapid increase in production volumes.
IndusInd Bank Launches Corporate Credit Card
IndusInd Bank has launched a corporate credit card on the RuPay network.
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