Report - page 66

News

US Economy Faces Threat of Unemployment

Over the past few years, the main danger to the condition of the United States economic system has been inflation, but over time the list of unfavorable facts of reality has expanded, adding a new threat.

News

China’s Premier Positively Estimates Country’s Economy

Chinese Prime Minister Li Qiang estimates the current state of affairs in the space of the economic system of this Asian country in the context of a positive perception.

Science & Technology

Oracle and xAI Reportedly End Talks on $10 Billion Server Deal

Media reports that billionaire Elon Musk’s startup xAI, which operates in the artificial intelligence industry, and technology giant Oracle have completed negotiations on a potential server deal worth $10 billion.

Fintech & Ecommerce

Commercial Bank of Dubai Partners With Visa

Commercial Bank of Dubai cooperates with Visa in the area of credit and debit cards, core data assets and insights, and marketing initiatives.

News

Paytm Reportedly Gets India’s Nod to Invest in Payments Arm

Indian-beleaguered Paytm has received approval to invest 500 million rupees ($6 million) in a key subsidiary.

News

TSMC Reaches One Trillion Dollar Market Capitalization

Taiwan Semiconductor Manufacturing Co (TSMC) has entered a kind of elite club of the most valuable companies in the world demonstrating by its example that the rapid development of the artificial intelligence industry and the technological evolution of AI are factors in significant impact on the state of affairs on Wall Street.

News

Citi Says About Need to Book Profits in High-Flying AI Equities

Strategists at Citigroup Inc. say the tendency of soaring share prices of companies operating in the artificial intelligence industry space may not be showing much signs of flagging at present, but the time has come for profit-taking in major markets.

Finance & Economics

AI Boom Accelerates Growth in Taiwanese Exports

Last month, the volume of Taiwan’s export activity demonstrated the dynamic of growth, the pace of which turned out to be the fastest since February 2022.

News

Amazon Announces New Echo Spot Alarm Clock

Amazon on Monday, July 8, announced a new alarm clock, the Echo Spot.

News

ASML CEO Says World Needs Legacy China’s Chips

Chip buyers, including the German auto industry, are nowadays demanding older-generation computer microcircuits, in which chip manufacturers in China are actively investing.

News

Foxconn Q2 Revenue Exceeds Market Forecast

Foxconn, the Taiwan-based world’s largest contract electronics manufacturer and the main assembler of Apple’s iPhone reported quarterly revenue that beat previous expectations for the dynamic of the corresponding figure.

News

China’s Tech Boom Powers AI Career Coup

In China, the local artificial intelligence industry, which is currently on a trajectory of active growth, became the leader of the salary rating in the Asian country in the second quarter of 2024, shifting the financial sector from the position of leader.

Finance & Economics

People’s Bank of China Takes More Control Over Rates

The People’s Bank of China has tightened its control over interest rates, deciding to introduce a new mechanism to influence the cost of short-term borrowing.

News

Sweden’s Economy Demonstrates Slow Growth

Currently, the Swedish economic system is on an upward trajectory, but the pace of the corresponding positive process is minimal and in a negative sense does not meet the preliminary expectations of experts regarding the speed of this dynamic.

News

US Job Growth Demonsrates Slowdown

In June, a slowdown in the dynamic of job growth was recorded in the United States, which was a completely expected result.

Science & Technology

Samsung Shares Top Over 3-Year High

The value of shares of South Korea-based Samsung Electronics reached its highest level since January 2021.