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.
Report - page 75
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.
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.
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.
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.
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.
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.
Amazon Announces New Echo Spot Alarm Clock
Amazon on Monday, July 8, announced a new alarm clock, the Echo Spot.
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.
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.
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.
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.
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.
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.
Samsung Shares Top Over 3-Year High
The value of shares of South Korea-based Samsung Electronics reached its highest level since January 2021.
Canada to Invest Millions to Build Chip Network
Canada intends to invest in building a national chip manufacturing network over the next few years.
