Samsung Reportedly Delays Production at New US Factory
Media reports that South Korean company Samsung Electronics Co. has postponed plans to launch mass production at its new chip manufacturing plant in Taylor, Texas.
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Singapore November Core Inflation Demonstrates Subdued Demand
In Singapore, core inflation showed a dynamic of the decline in November.
China Stimulates Asia-Pacific Demand for Sustainable Finance
Analysts and fund managers predict that next year, investing in companies and industrial sectors to create a kind of economic base for their transition to a low-carbon future will become the dominant trend in China and the Asia-Pacific region, as demand for sustainable financial products continues to remain high here, despite the current interest rate […]
Four Chinese AI Models Pass Official Assessment
In China, the first group of four large generative artificial intelligence models has passed an official assessment of compliance with standards.
Alibaba Promotes Millennials to E-Commerce Leadership Roles
Alibaba Group Holding is pushing millennials, who are representatives of the generation born in the early 1980s – mid-1990s, to take leading roles in the Chinese online market, since currently this e-commerce giant, based in Huangzhou, is going through a kind of transformation period to resist the pressure of competitors such as PDD Holdings.
UK Ethnic Minority Businesses Are Twice More Ambitious Than SMEs Overall
Recent UK research showed that almost 6 in 10 ethnic minority-owned businesses (EMBs) have ambitions to both grow and take risks, significantly higher than the overall percentage of SMEs nationwide (27%).
OpenAI Reportedly Plans to Raise New Funding
Media outlets, citing insiders, report that OpenAI is currently discussing the possible holding of a new round of fundraising for at least $100 billion.
South Korea Fines Global Banks for Illegal Naked Short Selling
South Korea has decided to impose a total fine of 26.5 billion won ($20.4 million) on two global investment banks and a local unit of an international company for involvement in naked short selling.
Bank of Japan Governor Signals Chance of Policy Shift
The governor of the Bank of Japan, Kazuo Ueda, on Monday, December 25, stated that there is currently an increasing likelihood that the financial regulator’s inflation target will be reached, noting the possibility of making adjustments to the policy of the organization he heads.
China’s Biggest Banks Lower Deposit Rates
China’s largest state-owned banks are reducing deposit rates for the third time since the beginning of this year.
Crypto Compensation Less Reliant on Tokens: Survey
Those working in the crypto industry today are much more likely to receive job compensation in the form of equity than crypto tokens, unlike only a few years ago.
Registered Crypto Firms Surge 56% in Spain
Several international platforms, such as Revolut, Bitpanda, Crypto.com and Vivid, have joined the list of registered crypto providers in Spain in 2023.
Revolut Reports Revenue of More Than $1 Billion in 2022
The British fintech company Revolut reported that its revenue for 2022 amounted to $1.1 billion.
UK Inches Closer to Technical Recession
The United Kingdom’s economic system is currently on a path that could end in recession.
Visa and TECH5 to Promote Digital ID-Based Payments
Visa announced the beginning of cooperation with the biometric company TECH5.
Deloitte and Fintech Saudi to Launch Makken Program
Deloitte, a global professional services company, is currently implementing a partnership with Fintech Saudi.
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