Report - page 114

News

German Budget Crisis Worsens

The German leadership decided on an emergency spending freeze against the background of the decision of the country’s top court, which aggravated the already existing budget crisis, which became a kind of shock factor for Europe’s largest economy.

News

Remittance Inflows Surge in Kenya

In October, Kenyans who work and live abroad sent home Sh2.3 billion more than Sh51.89 billion ($340.4 million) in remittance registered in Kenya in September.

News

Baidu Posts Revenue Rise

Chinese technology giant Baidu on Tuesday, November 21, announced the financial results of its activities for the third quarter of 2023.

Finance & Economics

Citigroup Launches Restructuring

Citigroup has started operations as part of the next stage of its organizational change plan.

Science & Technology

TSMC Reportedly Considers Building Third Plant in Japan

The media, citing insiders, report that Taiwan Semiconductor Manufacturing Co. is currently studying the possibility of building a third plant in Japan.

Finance & Economics

Janet Yellen Says About US Considerable Progress in Reducing Inflation

Treasury Secretary Janet Yellen said on Monday, November 20, that the United States is making significant progress as part of efforts to reduce the inflation rate in this country.

Fintech & Ecommerce

Amazon Reportedly Plans to Boost Exports From India

The media reports that Amazon plans to increase the volume of exports of its goods from India.

News

Germany, France and Italy Agree on AI Regulations

The media reported that three EU countries, including Italy, Germany, and France, have reached an agreement on issues that form the basis of the content of the concept of the regulation of artificial intelligence.

Science & Technology

Germany to Help Its Tech Industry to Compete With Silicon Valley

Germany has approved a package of reforms in the sphere of capital that will help this country’s technology sector compete with Silicon Valley.

News

China Rolls Out Advanced Internet Network

China has begun deploying what it described as the world’s most advanced Internet network.

Finance & Economics

Alibaba Loses $20 Billion in Market Value

Chinese e-commerce giant Alibaba has lost $20 billion in market capitalization after it became known that this company will no longer spin-off and list its cloud computing business as a separate functional unit.

News

Santander Launches Overdraft-Free Checking Accounts

Bank Santander has introduced a checking account, which is designed to provide customers of this financial institution with the opportunity to avoid overdrafts.

Science & Technology

Chipmaking Gear Companies Record Sales Growth in China

Leading manufacturers of equipment used in making microcircuits have recorded a sharp increase in the share of revenue they receive in the Chinese market.

Finance & Economics

Wells Fargo Reportedly Grapples With Obligations to Enhance Monitoring of Financial Crime

The media reports that Wells Fargo is currently making efforts to improve its system for monitoring crimes committed in the financial environment.

News

Citi Launches Blockchain Solution for Foreign Exchange Trades

Citi has developed an app in which blockchain is used to make execute foreign exchange (FX) trades.

Science & Technology

ChatGPT Plus Pauses Subscriptions

OpenAI temporarily stops the registration of new users in the ChatGPT Plus program.