Nvidia’s Revenue Demonstrates Growth
Nvidia has released its financial results for the quarter ended October 29.
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HP Posts Revenue Decline
HP has published a report on its quarterly sales, which did not meet analysts’ expectations because the projected recovery of the personal computer market is still a hypothetical vision of the future and is not in the space of objective reality that cannot be denied.
China Fines Foxconn
In China, local tax authorities fined a subsidiary of Foxconn Technology Group.
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.
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.
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.
Citigroup Launches Restructuring
Citigroup has started operations as part of the next stage of its organizational change plan.
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.
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.
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.
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.
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.
China Rolls Out Advanced Internet Network
China has begun deploying what it described as the world’s most advanced Internet network.
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.
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.
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.
