S&P Global Ratings Downgrades Five Regional US Banks
S&P Global Ratings has revised down the ratings of five regional banks in the United States.
Report - page 129
Tourism to Become $15.5 Trillion Industry by 2033
The volume of the travel industry by 2033 may reach a significant landmark of $15.5 trillion.
Citigroup CEO Reportedly Weighs Plan to Break Up Corporation’s Biggest Unit
The media reports that currently, the chief executive officer of Citigroup Jane Fraser is considering the possibility of creating a plan to break up the largest unit of this corporation as part of a restructuring strategy.
Infor Nexus and DBS Bank to Offer New Pre-Shipment Financing Solution for Businesses in India
Infor Nexus Supply Chain Network and DBS Bank reported on collaboration to create a pre-shipment financing solution for small and medium-sized businesses in India.
Chilean Digital Bank Tempo Collaborates With Dock
Dock, a B2B technology company for payments and banking, announced the start of cooperation with Tenpo, Chile’s largest digital lender, with a customer base of more than 2.2 million people.
China’s Evergrande Group Files for Bankruptcy in New York
Evergrande Group, at one time the second-largest real estate developer in China, filed for bankruptcy in New York.
Company Applied Materials Publishes Positive Forecast for Future
Applied Materials, an American company that manufactures equipment necessary for the production of chips, has released a forecast for the current quarter, which contains optimistic expectations and statements about the likely weakening of the downturn in the industry.
Emirates Development Bank Collaborates With Trade Capital Partners to Offer Supply Chain Finance
The Emirates Development Bank (EDB) has entered into a partnership agreement with Trade Capital Partners (TCP), which aims to create a solution for supply chain financing and working capital for small and medium-sized businesses in the United Arab Emirates (UAE).
Comerica Bank Unveils New Business Banking Solutions
Comerica Bank, headquartered in Dallas, Texas, announced the launch of a new set of solutions for small business and business banking clients.
Mastercard Partners With Riskified to Combat eCommerce Fraud
Riskified and the multinational financial corporation Mastercard announced the beginning of cooperation, the purpose of which is to create for companies, operating in the field of e-commerce, the opportunity to increase the level of profitability received from digital business, and at the same time reduce the risk of fraudulent exposure.
Ohio-Based Peoples Bank Launches Credit Card Program
Peoples Bank, which is based in Ohio, announced the launch of the Corserv credit card program.
Microsoft CEO Says About AI Significant Influence
Microsoft CEO Satya Nadella compared artificial intelligence to a tidal wave in terms of influencing the processes taking place in the plane of human life.
IBM Develops Prototype Brain-Like Chip
The technology giant IBM is currently developing a prototype of a chip similar to a human brain and states that within the framework of this project, the issue of improving the energy efficiency of artificial intelligence is being solved.
UK Launches Fintech Fund
In the UK, a mechanism has been created to provide support to firms that are at the stage of growth and are engaged in financial technologies.
Travel Company TUI Tests ChatGPT
Travel giant TUI AG announced the implementation of a pilot project in which generative artificial intelligence was integrated into the company’s mobile application in order to test the potential of advanced technology as part of the process of interacting with customers in the UK.
Google Plans to Create Advice-Dispensing AI
The media, referring to a report by Deep Mind, which operates in the field of generative artificial intelligence and is a subsidiary of Google, reports that this firm plans to create an AI model that gives advice.
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