Swiss National Bank Cuts Rate Again
The Swiss National Bank decided to cut interest rates for the second meeting in a row.
Report - page 81
Singapore Ranks №1 Globally in GenAI Work Usage
About 60% of employees in Singapore use generative AI (GenAI) tools at work, the highest usage rate globally, alongside Hong Kong.
UK Inflation Falls to 2%
In May, the United Kingdom’s inflation rate fell back against the Bank of England’s 2% target for the first time in almost three years.
Nvidia Surpasses Microsoft as World’s Most Valuable Company
Nvidia, the main beneficiary of the ongoing scaling process of the so-called artificial intelligence boom on Wall Street, has become the most valuable company in the world.
Crypto Startup Funding Hits $100 Billion
Startups operating in the cryptocurrency industry have been able to raise more than $100 billion in venture funding since the founding of this sphere of activity.
Kfund Raises $75 Million
The Spanish venture capital company Kfund reported that it managed to raise $75 million in investment funds.
Stripe Plans to Let Employees Cash Out Shares
Stripe fintech company intends to provide its employees with the opportunity to cash out some of their shares.
US Sues Adobe for Hiding Fees
On Monday, June 17, the United States government sued Adobe, maker of Photoshop and Acrobat, accusing the company of harming consumers by hiding high fees for terminating subscriptions in the most popular tariff plan and making it difficult to cancel subscriptions.
China Seeks to Make Green Hydrogen One of Pillars of Economy
Last week, at the International Carbon Neutrality Expo in Shanghai, many scale models were presented that allowed experts to form a preliminary idea of how China intends to use hydrogen energy.
China’s Central Bank Leaves Key Rate Unchanged
The People’s Bank of China has decided to leave the key interest rate unchanged.
China’s Property Crisis Worsens
Last month, China’s economic system demonstrated what can be described as ambiguous performance indicators, as evidenced by a kind of statistical situation in which the volume of investment in the Asian country’s real estate sector continued to be on a downward trajectory, but at the same time a moderate increase in consumer spending was recorded, […]
Ethiopia Intends to Allow Foreign Lenders to Acquire Local Banks
Ethiopia’s Council of Ministers has approved a bill according to which foreign financial institutions are granted the right to acquire stakes in the banks of this African country.
China’s Rate-Cut Calls Rise
In China, calls for cutting interest rates are now becoming louder and louder, which are addressed to the central bank of this Asian country.
Shanghai Yangpu District Seeks to Expand Its Growing Digital Ecosystem
Shanghai’s northeastern Yangpu district, which has already become a kind of hub for many large technology companies, is seeking to gain smaller-scale firms.
Broadcom Shares Rise
On Thursday, June 13, the value of Broadcom shares showed an increase of approximately 12% after the company published information on the economic results of its activities for the second fiscal quarter.
Blockchain Company Squad Labs Raises $10 Million
The blockchain company Squad Labs has raised new funding for $10 million.
