Report - page 81

News

Canada Institutional Investors Increase Crypto Exposure to 39%

In 2023, institutional investors in Canada expanded their exposure to crypto assets, with 39% of KPMG survey respondents dealing with the asset class in some way.

Finance & Economics

Switzerland Says About UBS’s Likely Need for Money

A year after the bankruptcy of Credit Suisse, the Swiss government announced the likelihood that UBS would have to find up to $27 billion to absorb potential losses and prevent a banking collapse, which could be a very sensitive event for the country’s financial system.

News

Square Expands Offline Payments

Square has announced the expansion of offline payments for all hardware devices in each country.

News

Mastercard Improves AI-Driven Fraud Defense

Mastercard is launching a partnership approach based on artificial intelligence to detect and prevent fraudulent activities involving the use of personal data and payments before the operations of criminals transform into victimizing consumers.

Science & Technology

Apple Announces Plans for Special Event on May

Apple Inc. announced its intention to hold a special event on May 7.

News

Perplexity AI Raises About $63 Million

Perplexity AI, a startup developing an artificial intelligence-based Internet search system capable of fully competing with Google, was able to raise investments worth about $63 million as part of a new round of financing.

News

Apple’s Q1 Smartphone Sales in China Demonstrate Decline

In the first quarter of 2024, sales of Apple Inc.’s iPhone significantly decreased in the Chinese smartphone market.

News

Payflows Raises $26 Million

French fintech company Payflows has announced that it has managed to raise $26 million in investment funds for its all-in-one platform for financial teams.

News

Verafin Launches AI Copilot

Verafin has announced the addition of an artificial intelligence copilot to its suite of solutions for combating financial crimes.

News

Rippling Announces New Fundraising

Rippling, the workforce management platform that unifies HR, IT, finance, and more, announced on Monday, April 22, that it has managed to raise new funding for $200 million.

Finance & Economics

Alphabet’s Cash Boom Stimulates Dividend Hopes on Wall Street

Alphabet Inc. receives so much cash that against this background, hopes are growing that it will be able to take the page out of the playbook of Meta Platforms Inc. and start paying dividends.

News

China’s Q1 Fiscal Revenue Demonstrates Decline

In the first quarter of the current year, China’s fiscal revenue showed a decrease of 2.3% compared to the result for the same period in 2023.

Science & Technology

Gina Raimondo Downplays Huawei’s Latest Microchip Breakthrough

Last weekend, US Commerce Secretary Gina Raimondo, while talking to reporters, downplayed the importance of the latest achievements of the Chinese company Huawei Technologies in the microchip area, stating in an appropriate context that Washington is significantly ahead of Beijing in the mentioned segment of the technology sector.

News

Economists Boost US GDP Outlook

Economists have raised their outlooks on the growth of the gross domestic product (GDP) of the United States.

Finance & Economics

Bank of Canada Governor Sees Little Impact of Country Budget on Fiscal Track

Bank of Canada Governor Tiff Macklem said that the draft budget of Prime Minister Justin Trudeau did not become a factor of impact that led to changes in the concept of fiscal policy that the financial regulator formed back in November last year.

News

Wagestream Raises $21.8 Million

Wagestream, a financial well-being app focused on frontline workers, was able to raise investment funds for 17.5 million pounds (about $21.8 million) as part of the financing round.