China to Focus on Consumption
In China, the local leadership has promised to pay high-level attention to stimulating consumer spending.
Report - page 64
Euro-Area Economy Demonstrates Growth
In the second quarter of the current year, the eurozone economic system was on a growth trajectory and demonstrated such positive dynamic rates that exceeded the initial expectations of experts regarding the intensity of the rising of the corresponding indicator.
Booming GenAI Demand to Double Asia-Pacific Data Centre Capacity by 2028
Analysts predict that against the background of scaling up the implementation of generative artificial intelligence and cloud computing, the capacity of data centers located in the Asia-Pacific region will double over the next five years.
SK Hynix to Build Chip Plant in South Korea
SK Hynix, a South Korean-based memory chip giant, has announced its intention to invest 9.4 trillion Korean won ($6.8 billion) in the construction of a new semiconductor manufacturing plant.
ECB Rate Setters Want More Data Before Lowering Cost of Borrowing
This week, the flow of statistical information on the current state of affairs in the eurozone economic system space will provide the European Central Bank with more signals and form by this institution a more accurate understanding of how appropriate it is to decide to continue taking actions within the framework of the monetary policy […]
Bank of England Reportedly to Kick Off Slow Cycle of Interest Rate Cuts
The media reports that currently, the dominant point of view among experts is that shortly the Bank of England is highly likely to warn investors that they should not bet on launching the process of consistently cutting interest rates if its policymakers decide this week on a sharp lowering of the cost of borrowing.
One-Fourth of UK Payments are Contactless
During 2023, 18.3 billion contactless payments were made in the UK, with one-third of adults using mobile contactless payments at least once a month
BofA Says Cooling Economy to Crack Big Tech Rally Even More
Bank of America Corp.’s strategist Michael Hartnett says that the further cooling of the economic system of the United States may be the reason for the continuation of the downturn in the growth of shares of US technology companies.
Energy Tech Startup Greenely Grabs €8 Million
Swedish-based startup Greenely is closing an €8 million (about $8.7 million) Series A funding round.
Digital Marketing Startup Plaiced Acquires Precursor Ventures-Backed Clutch
The Plaiced online social network has acquired the Clutch marketplace, which provides digital marketing services to consumers.
MNT-Halan Raises $157.5 Million
MNT-Halan, a fintech startup based in Egypt, has announced that it has managed to raise $157.5 million in investment funds.
OpenAI Tests New Search Features
OpenAI has provided a limited number of users with the opportunity to test a new set of search functions.
IBM Reports Q2 Earnings
IBM last Wednesday, July 23, published information on its financial results for the second quarter of the current year, which exceeded analysts’ preliminary expectations.
Chinese Provinces Step Up to Entice Business
Currently, there is a kind of political and economic tendency throughout China, which consists in the fact that the municipal authorities of the Asian country are making efforts to retain overseas businesses and increase the trust of local companies, and in this context, the indicative is the example of the leadership of Henan Province, which […]
SK Hynix Posts Highest Quarterly Profit in 6 Years
SK Hynix, one of the largest chip manufacturers in the world, released information on Thursday, July 25, about the financial results of its activities in the second quarter of the current year.
Revolut Gets Long-Awaited UK Banking License
Revolut startup, which operates in the fintech industry, on Thursday, July 25, announced the receipt of a banking license in the United Kingdom.
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