Report - page 69

Finance & Economics

Calastone Says UK Investors Buy $14.5 Billion of Stocks This Year

Data from the Calastone fund network shows that in the United Kingdom, investors added a record 11.4 billion pounds ($14.5 billion) to private equity funds in the first six months of the current year.

Finance & Economics

Jerome Powell Says About Bit of Progress on Inflation

On Tuesday, July 2, Federal Reserve Chairman Jerome Powell expressed his satisfaction with Washington’s progress to date in implementing efforts to counter inflation over the past year.

Finance & Economics

Euro-Area Inflation Eases to 2.5%

On Tuesday, July 2, the statistical agency of the European Union released information according to which headline inflation in the eurozone fell to 2.5% last month.

News

China Faces Risks Amid Bond Market Bubble

Currently, there is a tendency in China, in which money flows rush into government bonds, the consequences of which are circumstances such as a sharp increase in the price index of these emission securities and a simultaneous drop in their yields to a level corresponding to a record low.

Science & Technology

French Antitrust Regulator Reportedly Targets Nvidia

The media reports that charges will be filed in France against the US developer of chips Nvidia for violating antitrust laws.

News

Revolut CEO Demonstrates Optimism About UK Bank License Approval

The head of Revolut, a financial technology industry giant based in the United Kingdom, Nikolay Storonsky, said he was optimistic about the prospects that this company would receive a banking license from the UK authorities.

News

Basware Announces Integration With Amazon Business

Basware, a provider of solutions designed for accounts payable automation and procurement, announced integration with Amazon Business.

News

Physical Cards Drive Passwordless Future

Adam Lowe, chief product and innovation officer at metal premium card issuer CompoSecure, whose digital security platform Arculus streamlines digital authentication processes and secures digital assets while talking to the media, said that the traditional physical card can become a hands-free conduit for seamless trading.

News

State Bank of India Rolls Out Web-Based Invoice Financing Solution

The State Bank of India has launched a web-based invoice financing solution for microbusinesses and small and medium-sized businesses.

Fintech & Ecommerce

Robinhood Acquires AI-Driven Platform Pluto

Robinhood Markets Inc. has agreed to acquire Pluto Capital Inc., the artificial intelligence research platform.

News

South Korea’s Export Grows Amid Record Chip Sales

In June, an increase in South Korea’s export activity was recorded.

News

China’s Factory Activity Rises

In China, last month, an increase in the factory activity of local companies belonging to the private sector was recorded.

News

SK Hynix to Invest $75 Billion in Chips

SK Hynix Inc., the semiconductor unit of South Korea’s SK Group, intends to invest 103 trillion won ($74.8 billion) in the chip area by 2028.

Finance & Economics

China’s Central Bank to Borrow Treasury Bonds From Primary Market

On Monday, July 1, the People’s Bank of China announced its intention to borrow treasury bonds from some traders in the primary market shortly.

Science & Technology

Baidu Launches Upgraded AI Model

Chinese Internet search giant Baidu on Friday, June 28, presented a new version of its Ernie 4.0 Turbo artificial intelligence model.

News

Honor CEO Says About Importance of Security Amid AI Development

Chief Executive Officer of Honor George Zhao, during a conversation with media representatives, said that the transformative power of artificial intelligence has no value if user data is not protected.