Monzo Debuts New Tool
Fintech industry player Monzo, which is based in the United Kingdom, announced the launch of a new tool that consumers can use to share expenses with friends and family.
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Genetic Testing Company 23andMe Files for Bankruptcy
Gene testing company 23andMe announced last Sunday, March 23, that it had filed for Chapter 11 bankruptcy protection.
Tesla Enters Dining Business
Tesla is entering the market in the dining business, preparing to open a drive-in restaurant in Los Angeles.
China Urges Global Business to Resist Protectionism
Chinese Premier Li Qiang said at a gathering of global executives that began in Beijing that the Asian country is ready for possible unexpected shocks and called on the meeting participants to resist protectionism and defend globalization.
China’s Bond Yields Increase
Economists cited by the media argue that the latest rise in Chinese government bond yields should not be characterized as a sign of reflation, as ongoing deflationary pressures are expected to be a contributing factor to interest rates remaining low.
China’s Open-Source Embrace Changes Wisdom Around AI
Currently, Chinese technology companies are actively paying attention to open-source artificial intelligence models in the practical plane, launching such digital products at a high-intensity pace, while watchers and insiders claim that the implementation of the appropriate approach contributes to boosting AI adoption and scaling some other innovative functional solutions of the advanced category in the […]
DoorDash Launches Flexible Payment Options
Buy Now, Pay Later (BNPL) options from Klarna will be available for DoorDash orders soon.
China’s Property Market Reportedly Approaches to Stabilizing
This week, UBS analysts expressed the hope that the Chinese real estate market, which in recent years has been in the condition of what can be called a deep and, in a sense, fundamental downturn, is gradually approaching a kind of stabilization point.
Austan Goolsbee Sees Transitory Inflation From One-Time Tariffs
Federal Reserve Bank of Chicago President Austan Goolsbee stated that the inflationary impact of tariffs could be transitory if they were limited in scope.
Perplexity AI Reportedly Plans to Raise Up to $1 Billion
The media, citing an anonymous insider, published information according to which Perplexity AI, a startup building search engine powered by artificial intelligence, is currently in talks to double its valuation to $18 billion as part of a new funding round.
China’s Central Bank Keeps Interest Rates Steady
The People’s Bank of China on Thursday, March 20, decided to keep its key lending rates unchanged, as the Asian country is currently trying to support economic growth and stabilize the yuan amid the observed process of intensification of trade frictions.
Bank of England Holds Interest Rates
The Bank of England on Thursday, March 20, decided to keep interest rates at the same level, as the United Kingdom is currently facing uncertainty in the context of the prospects for the further dynamic of the global trade situation and is approaching a recession scenario in the country’s economic system.
LianLian DigiTech Sees 64.7% Surge in Digital Payment TPV
Fast-growing Chinese fintech company LianLian DigiTech has successfully finished the 2024 financial year, witnessing a strong total payment volume (TPV) increase.
Fed Holds Interest Rates Steady
The Federal Reserve on Wednesday, March 19, decided to leave interest rates unchanged, although at the same time underlined that the cost of borrowing is likely to be lowered later in the current year.
AMD CEO Visits China
Advanced Micro Devices (AMD) chief executive officer Lisa Su began her visit to China, where she touted the company’s role in supporting the development of artificial intelligence in the Asian country through the lens of interaction with leading players in the local corresponding industry, including DeepSeek and Alibaba Group Holding.
Samsung Seeks to Reclaim Ground in AI Memory Market
Samsung Electronics Co. pledged to strengthen its position in the high-bandwidth memory chip market in the current year.
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