Foxconn Reports Rise in November Revenue
Foxconn, the main smartphone manufacturer of the iPhone line, which is part of the Apple product range, reported an improvement in dynamic sales in November.
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Moody’s Changes China Credit Outlook to Negative
Moody’s Investors Service has changed the forecast for Chinese sovereign bonds, lowering the corresponding indicator to negative.
Goldman Sachs Favors Options to Counter Intensive Rate-Cut Pricing
Goldman Sachs thinks that there is currently an overly optimistic mood in the financial markets regarding the possible range of interest rate cuts by the Federal Reserve next year.
Jeremy Hunt Blames Brexit for Instability
British Chancellor of the Exchequer Jeremy Hunt blamed Brexit for a period of political instability that lasts for more than five years and is a factor that caused a decrease in investor confidence in the United Kingdom.
Mario Centeno Says About Significance of European Job Market for EU Economy
Mario Centeno, a member of the Governing Council of the European Central Bank (ECB), told colleagues that it was highly likely that the consequences of excessive tightening for the European labor market could be rapid during the recovery of the economic system of the region.
Chinese Borrowers Reportedly Face Ban on Mobile Payments
Media reports that in China, millions of local consumers are faced with the problem of blocking access to mobile payment apps.
Meta’s Chief Scientist Doubts Imminent Appearance of Artificial Super Intelligence
Yann LeCun, chief researcher at Meta and a pioneer of deep learning, believes that current artificial intelligence systems will have to go through a development path lasting several decades before these AI configurations will get some semblance of sentience, having a core in the form of the common sense, expanding their capabilities beyond the creative […]
Credit Agricole Reportedly Considers Acquiring Stake in Worldline
The media reports that the French bank Credit Agricole is currently considering the possibility of acquiring a stake in a local payment processing company Worldline.
McKinsey Says About Absence of Signs of Recovery in Consumer Activity in China
Experts from the international consulting company McKinsey said that in the foreseeable future, Chinese consumers do not intend to spend large amounts of money on buying goods, which is why local companies should focus more on strategic planning within their business concepts to master the market, which remains huge, despite various problems.
Morgan Stanley Says Smartphone Sales to Rebound Due to AI
Analysts at Goldman Sachs and Morgan Stanley predict that sales volumes will recover in the smartphone market next year, despite numerous warnings that the current downturn in this commercial space will be long-term and so far has no signs of ending soon.
Eurozone Inflation Shows Decline
In November, the dynamic of the decline in inflation in the eurozone turned out to be more intense than expected.
Nvidia CEO Says About Prospects of AI Competitiveness
Nvidia CEO Jensen Huang last Wednesday, November 29, during a speech at the annual DealBook summit in New York, said that artificial intelligence is gaining on humans.
Amazon Presents AI-Powered Image Generator
Amazon Web Services (AWS) has presented its new development based on artificial intelligence, which is capable of generating images.
China’s Manufacturing Activity Shrinks
In November, China recorded a decrease in the level of activity in the manufacturing sector and sphere of services.
Research: Americans Embrace Cryptocurrency While Brits Remain Sceptical
A new report by Mintel reveals that Americans have much more positive attitudes towards cryptocurrency than UK consumers. Meanwhile, Brits are far more cautious about their investments due to the recent cost of living crisis.
UK’s Nottingham Files for Bankruptcy
Nottingham City Council has become another victim of the financial crisis in the UK in the sphere of local government.
