UBS Chair Predicts Challenging 2024
UBS Chairman Colm Kelleher said that next year will be one of the most difficult in the takeover process of Credit Suisse by the mentioned financial institution.
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Foxconn to Invest $1.6 Billion in India
The Taiwanese technology giant Foxconn, one of the main manufacturers of the iPhone smartphones of the American company Apple, intends to expand the scale of its presence in India by allocating investment funds for $1.6 billion in new construction projects.
China to Focus on Sustainable Growth
Pan Gongsheng, governor of the People’s Bank of China, said that at present, high-quality and sustainable growth is the most important for this country in terms of priorities related to the economic system.
Snapchat Reportedly Tests Ad-Free Subscription Tiers
Media reports that Snapchat is currently testing consumer subscription offers without ads.
Reddit Reportedly Plans IPO
The media reports that Reddit is currently negotiating with potential investors about an initial public offering (IPO).
JPMorgan Expands UAE Services
JPMorgan announced the expansion of its operations in the United Arab Emirates (UAE).
US Black Friday Online Sales Approach $10 Billion
The media reports that this year in the United States in the segment of virtual sales, consumers spent a record $9.8 billion during Black Friday.
Neuralink Raises $43 Million
Neuralink, a company founded by Elon Musk that specializes in the development of implantable chips capable of reading brain waves, was able to attract additional venture capital for $43 million.
White House Reportedly to Redouble Measures to Strengthen Supply Chains
The media reports that this week the administration of the President of the United States Joe Biden will double measures aimed at strengthening the supply chain.
HSBC Customers Face Mobile Banking Outage
In the UK, thousands of HSBC customers are faced with the problem of accessing online banking and mobile banking services.
Berkshire Hathaway Exits India’s Paytm
American Berkshire Hathaway Inc. has withdrawn from the Indian Paytm, as evidenced by information on the local stock exchange.
Swedbank Robur Launches Two Climate Funds
Swedbank Robur, as part of the implementation of its strategy of activities related to rolling out projects aimed at protecting the environment, is launching two new funds specializing in climate and climate bonds.
PaymentSense Intends to Obtain Irish Money Licence
In the foreseeable future, competition may intensify in the payment sector in Ireland, as the British-based company PaymentSense plans to apply to the Central Bank of the said country for a license for electronic money.
Klarna Wins Regulatory Approval in UK
Klarna Bank AB in the United Kingdom has received permission from the local regulator, which provides an opportunity to offer lending services and financial products related to payments to consumers in this country.
UK Government to Consider Sale Stake in NatWest
Jeremy Hunt, the chancellor of the exchequer, said that the Government of the United Kingdom will explore the possibility of selling its stake in NatWest Group and has intentions to offer the shares to the public if the appropriate decision is made.
Chinese Zhongzhi Enterprise Group Says About Its Huge Debt
The largest Chinese asset management company Zhongzhi Enterprise Group (ZEG) has informed investors that it is no longer able to pay its bills.
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