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.
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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.
Economists Boost US GDP Outlook
Economists have raised their outlooks on the growth of the gross domestic product (GDP) of the United States.
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.
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.
S&P Says About Loosening of China’s Fiscal Stimulus
Yunbang Xu, senior analyst at S&P Global Ratings, said that China’s fiscal stimulus program is gradually weakening.
Lenovo and Alibaba Cooperate to Build AI Computers
Lenovo Group, one of the world’s largest manufacturers of personal computers, has partnered with Alibaba Group Holding, a giant in the sphere of Internet business, to create a series of products based on artificial intelligence.
Micron Intends to Get $6.1 Billion in Grants From US
The company Micron Technology, which specializes in the implementation of activities for the production of memory chips, will receive $6.1 billion in grants from the Commerce Department of the United States.
Cisco Unveils AI-Focused Security System
Cisco Systems last Thursday, April 18, presented a new product for the security architecture, which is designed to provide a high level of cyber defense through the use of artificial intelligence technologies.
Meta Releases Llama 3
Meta Platforms Inc. on Thursday, April 18, presented a new version of its Llama artificial intelligence model.
Huawei Releases New Phone Lineup
Huawei Technologies Co. on Thursday, April 18, presented a new series of smartphones.
Morgan Stanley Predicts Bank of England to Cut Rates in May
Morgan Stanley experts say that there is still a possibility that next month the Bank of England will begin implementing a monetary policy easing strategy, under which interest rates will be cut.
TSMC Reports First-Quarter Revenue and Profit
Taiwan Semiconductor Manufacturing Company (TSMC) on Thursday, April 18, released earnings data for the first quarter of 2024.
BNPL Users to Top 670 Million Globally by 2028
The 107% growth of the BNPL (Buy Now, Pay Later) users is expected to be fueled by the increasing efforts of superapps and banks to develop their own flexible loan offerings.
Fed Chair Signals Rate-Cut Delay
The Chairman of the Federal Reserve, Jerome Powell, signaled that policymakers will wait longer to cut interest rates longer than originally expected.
AMD Introduces AI Chips
Advanced Micro Devices (AMD) has presented a series of new semiconductors for business laptops and AI-enabled desktops.
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