Report - page 6

Fintech & Ecommerce

Czech Online Grocer Rohlik Reaches Nearly $2 Billion Valuation

The valuation of Czech online grocer Rohlik Group has reached 1.85 billion euros ($1.95 billion), which is almost twice the figure observed three years ago.

News

European Manufacturing Activity Demonstrates Decline

Last month, a sharp decrease in the level of manufacturing activity was recorded in Europe, and a further downward dynamic of demand became an obstacle to any hopes for an early recovery of the indicator.

Fintech & Ecommerce

Revolut Faces UK Fraud Lawsuit

Revolut Ltd. is facing a lawsuit in the United Kingdom, as a result of which this fintech brand can pay 700,000 euros ($735,880) to a Serbian energy company as part of a fraud claim.

Finance & Economics

US Raises Cap on Small Business Loans

The White House has raised the cap on small business loans.

News

Foreign Investments in China Demonstrate Decline

Analysts say that the outlook for the growth of foreign direct investment in China is facing a new challenge amid the return of Donald Trump, who won the United States presidential election last month, to the White House.

News

Chinese Economist Calls for 5% GDP Target in 2025

China should set an economic growth target of about 5% for 2025, an indicator similar to the analogous goal for the current year.

Fintech & Ecommerce

Spendesk Launches Payment Institution

The French spend management platform Spendesk has launched a financial services unit, which is operating under a license from Autorité de contrôle prudentiel et de résolution.

News

Online Black Friday Spending Rises 10%

U.S. shoppers made online purchases worth nearly $10.8 billion on Black Friday using their mobile phones, laptops, desktops and other portable devices.

News

Norway Joins Eurosystem’s Payment Service

Norway has concluded the deal to add the krone to the Eurosystem’s Target Instant Payment Settlement (Tips) service.

News

Ugandan Central Bank Reportedly Faces Hacker Attack

The media reported that hackers broke into the systems of the central bank of Uganda and stole 62 billion shillings ($17 million) from its accounts.

News

Canada’s Economy Demonstrates Growth

In the third quarter of 2024, the Canadian economic system showed growth of 1% year-on-year.

Finance & Economics

Euro-Area Inflation Climbs to 2.3%

In the eurozone, in November the inflation figure exceeded the European Central Bank’s target of 2%, although this circumstance, as experts suggest, is unlikely to become a deterrent in the context of the implementation of the intention of the financial authorities of the region to further cut interest rates next month and later.

News

India’s Quarterly Economic Growth Slumps to Near Two-Year Low

In the second fiscal quarter, which ended in September, the Indian economy showed growth of 5.4% year-on-year.

Science & Technology

US Reportedly Preps New China Chip Curbs

The media reported that the administration of the President of the United States Joe Biden is currently considering additional restrictions on the sale of semiconductor equipment and artificial intelligence memory chips to China.

News

Argil Raises $5.2 Million

Argil has closed a seed round supporting its virtual platform powered by artificial intelligence, which helps businesses, educators, and creators to produce videos.

News

German Government Plans New Chip Subsidies

The German government is currently preparing new investments in the country’s semiconductor industry two months after Intel Corp. shelved intentions related to the construction of a chip manufacturing plant worth 30 billion euros ($32 billion) in Magdeburg.