Biggest Kenyan Bank to Boost Loans
Equity Group Holdings Plc, Kenya’s largest bank by market capitalization, intends to increase lending in the domestic market by 5% in the second half of the current year.
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India Inflation Dips Below RBI Target
In India, the inflation rate fell below the target level of the central bank of this South Asian country for the first time in almost five years.
US July Federal Deficit Demonstrates Growth
In July, the United States government recorded a budget deficit of $244 billion.
Economists Forecast UK Inflation to Rise
Experts interviewed by the media predict that statistical data will be released this week, indicating an acceleration in the growth of inflation in the United Kingdom.
BofA CEO Says About Impact of Interest Rates on Consumers
Chief executive officer of Bank of America Brian Moynihan said last Sunday, August 11, during a conversation with media representatives that in the United States, the lack of a decision by the Federal Reserve System to soften the concept of monetary policy, providing for cutting interest rates, in the short term may become a factor […]
Fintech Leaders Anticipate Investment Rebound
Over 90% of fintech leaders globally believe robust industry investment levels will return within the next 12 months.
DevRev Raises Over $100 Million
DevRev, a company that specializes in developing customer relationship software, has raised $100.8 million in a Series A funding round.
India Smartwatch Market Declines 30%
Being the second-largest wearable market after China, India saw its wearable device market decline for the first time ever, by 10.0% year-over-year (YoY) to 29.5 million units in Q2 2024.
Innovation Readiness Gap Deepens, With Unclear Strategy as Main Concern
A recent study revealed an innovation readiness paradox: while the vast majority of modern businesses treat innovation as the highest priority, they have never been as unready to deliver on their innovative pledges.
AI Startup Glean Reportedly Plans to Raise $250 Million
The media reports that the startup Glean, which operates in the artificial intelligence industry, is currently in active negotiations on raising funds for $250 million.
China’s Consumer Prices Demonstrate Growth
In July, China recorded an increase in consumer prices, the pace of which turned out to be higher than preliminary expectations regarding the degree of intensity of this indicator.
TSMC Sales Demonstrate Growth Amid AI Demand
Taiwan Semiconductor Manufacturing Co. (TSMC) last month recorded an acceleration of the dynamic of the revenue growth rate by 44% year-on-year and 23,6% relative to the speed of movement of this figure on an upward trajectory in June.
Chinese Chipmaker SMIC Reports Q2 Earnings
Semiconductor Manufacturing International Corp (SMIC) on Thursday, August 8, released information on the financial results of its activities in the second quarter of the current year.
Experts Say About Low Likelihood of Emergency Interest Rate Cut by Fed
A sharp slowdown in the pace of the dynamic of the growth in the labor market in the United States has provoked rumors that the Federal Reserve may begin to soften its monetary policy strategy, providing for cutting interest rates, even before its September policy meeting.
Maersk CEO Says About Lack of Sign of US Recession in Freight Demand
Shipping giant Maersk, which has the status of a kind of barometer of the state of affairs in the world trade system, is convinced that currently there are no signs of a recession scenario in the global economy since the level of demand for services related to freight transportation continues to remain at high levels.
Apple Reportedly to Charge Up to $20 for Some AI Features
Apple may begin to implement the practice of charging its users up to $20 for using advanced artificial intelligence features.
