Report - page 4

Finance & Economics

US Economy Shrinks

At the beginning of the current year, the United States economic system showed a decline for the first time since 2022, amid a significant increase in imports ahead of the announcement of tariffs on goods shipped to the US from other countries, and moderate consumer activity in the context of spending.

Fintech & Ecommerce

OpenAI Turns ChatGPT Into Shopping Assistant

OpenAI announced last Monday, April 28, that it has started to roll out its ChatGPT chatbot features that make it easier and faster to find, compare, and buy products.

Finance & Economics

HSBC Reports Earnings

One of the largest European lenders, HSBC, on Tuesday, April 29, published information on the financial results of its operations for the first quarter of the current year, which exceeded preliminary expectations due to the robust performance of its wealth business, and strength in its corporate and institutional banking segment.

Finance & Economics

Donald Trump Eases Auto Tariffs

President of the United States Donald Trump on Tuesday, April 29, signed an executive order and a proclamation on easing auto tariffs.

Science & Technology

UPS Reportedly Considers Partnership With Robotics Startup Figure AI

The media published information according to which United Parcel Service (UPS) and Figure AI are currently considering the possibility of cooperation.

News

Velera to Provide Card Processing Support to 802 Credit Union

Vermont-based 802 Credit Union (802CU) has selected Velera credit union service organization (CUSO) to provide credit and debit card processing support.

News

PayPal Reports First-Quarter Earnings

PayPal has published information about its earnings for the first quarter of the current year, which exceeded preliminary expectations, but at the same time, this company missed on revenue and reaffirmed its guidance for 2025 due to macro uncertainty.

Fintech & Ecommerce

Amazon Denies Tariff Label Plans

Amazon.com Inc. on Tuesday, April 29, stated that it had never had plans involving widely displaying the cost of tariffs imposed by the President of the United States Donald Trump on goods.

News

China to Support Exporters

Chinese officials vowed to provide greater support to exporters affected by tariffs from United States President Donald Trump. thus demonstrating the desire to strengthen one of the most important sectors of the Asian country’s economic system.

News

IMF’s Europe Head Says About Impact of German Fiscal Boost on Euro Area

Alfred Kammer, director of the European Department at the International Monetary Fund (IMF), said that an increase in German spending on infrastructure will boost European economic growth, but at the same time will not be a factor that can outweigh the expected impact of tariffs from the United States.

Finance & Economics

China’s Industrial Profits Return to Growth

Chinese industrial profits in the first quarter of the current year showed readings indicating a return to growth.

News

Real Estate Worth $4T to Be Tokenized by 2035: Deloitte

Deloitte envisions the surge of tokenized real estate assets up from $300 billion in 2024 to about $4 trillion over the ten-year time.

News

Microsoft to Contract Out More Software Selling

Microsoft Corp. plans to use third-party companies to handle more sales of software for small and medium-sized customers.

Science & Technology

Perplexity AI Integrates Digital Assistant and Answer Engine With Motorola Phones

Last Thursday, April 24, Perplexity AI announced that it has partnered with Motorola on a project that is one of the first and most comprehensive integrations of a company active in the artificial intelligence industry with a mobile phone brand.

Science & Technology

Apple Reportedly to Source All US-Bound iPhones From India

The media published information according to which Apple accelerated the implementation of its plan to source all iPhones to the United States from India, which is a kind of response from the technology giant to the new US tariffs.

Science & Technology

Alphabet Reports Earnings

Alphabet, the parent company of Google and YouTube, last Thursday, April 24, published financial results of its activities in the first quarter of 2025, which exceeded analysts’ preliminary expectations regarding the dynamic of the relevant indicators and became a factor of favorable impact on the shares of the technology giant.