Report - page 73

Bank of England Reportedly to Kick Off Slow Cycle of Interest Rate Cuts
News

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
Fintech & Ecommerce

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
News

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
Science & Technology

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
Fintech & Ecommerce

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
News

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
Science & Technology

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
Science & Technology

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
News

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
News

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
News

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.

Vanta Raises $150 Million
Science & Technology

Vanta Raises $150 Million

Online security and compliance management platform Vanta on Wednesday, July 24, announced that it has managed to raise $150 million in investment funds as part of a new round of financing led by venture capital company Sequoia Capital.

Alphabet Profit Surges 29% in Q2 Despite AI Research Losses
News

Alphabet Profit Surges 29% in Q2 Despite AI Research Losses

Google’s parent company Alphabet saw significant profit growth notwithstanding the tremendous AI-related spending.

Santander Reports Q2 Earnings
Finance & Economics

Santander Reports Q2 Earnings

Banco Santander SA has raised its revenue growth target in 2024.

Revolut Reportedly to Hit $45 Billion Valuation After Share Sale
Fintech & Ecommerce

Revolut Reportedly to Hit $45 Billion Valuation After Share Sale

The media reports that Revolut is currently preparing for a share sale that would value it at $45 billion.

Amazon Reportedly Plans to Launch Paid Tier of Alexa
News

Amazon Reportedly Plans to Launch Paid Tier of Alexa

The media reports that Amazon plans to launch a paid tier of Alexa this month.