UK Regulator Reportedly Cuts Fraud Reimbursement Plan
The media reports that currently in the United Kingdom, the local payment regulator is abruptly cutting its compensation plan for victims of fraud.
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Robinhood Launches Stock Lending for British Customers
Robinhood has announced the launch of a new stock lending offering for customers in the United Kingdom.
Bank of Canada Reportedly Plans to Cut Interest Rates Again
The Bank of Canada is likely to decide on another interest rate cut at its third meeting in a row.
Technology and Finance Giants Join Anti-Financial Crime Group
The Centre for Finance, Innovation and Technology (CFIT) has formed a group to combat financial crimes.
Brazil Tries to Calm Investors
In Brazil, the local economic team is going into damage control mode to reassure investors and ensure that the country’s government is complying with fiscal rules, even as President Luiz Inacio Lula da Silva is pushing for a decision to increase social spending.
Singapore Considers Bill to Fight Fraud
Singapore is currently considering a bill that provides for the police to be able to order banks to temporarily prevent customers from transferring money to fraudsters.
PDD Holdings Reportedly Accumulates $38 Billion Cash Stockpile
The media reports that PDD Holdings, which ownership structure includes Temu, a company operating in the e-commerce area, is currently sitting at $38 billion in cash.
China Warns Japan of Consequences for Possible New Chip Restrictions
China has stated to Japan that it is ready to take restrictive retaliatory measures if Tokyo continues to reduce the scope of sales and service of equipment necessary for the production of chips.
Central Banks Buy Record Gold Reserves
Global central banks purchased 483 tonnes of gold in the first half of 2024, outperforming the previous record of 460 tonnes set in H1 2023 by 5%.
Amazon Reportedly Chooses Anthropic to Power Alexa 2.0
Media reports say Amazon is using Anthropic’s Claude AI model to power a new version of its Alexa voice assistant.
Magic Raises $320 Million
Magic has announced that it has raised $320 million in funding to develop an artificial intelligence coworker for AI research and code generation.
Eurostat Reports Inflation Decline
Inflation in the Eurozone fell to 2.2% in August.
Google to Launch Second Data Center in Latin America
Last Thursday, August 29, Google announced its intention to open its second data center in Latin America.
Dell Shares Rise Amid Positive Earnings Report
Last Thursday, August 29, Dell published information on the financial results of its operations in the second quarter of fiscal year 2025, which turned out to be more optimistic compared to the content of the preliminary forecasts of Wall Street analysts and became evidence of the company’s upward dynamic business related to servers.
Intel Rises Due to Investor Enthusiasm
Intel shares are currently on a growth trajectory.
OpenAI Reportedly Seeks to Raise Several Billion Dollars
The media reports that OpenAI is planning to raise investments worth several billion dollars as part of a new round of financing.
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