Swiss National Bank Unexpectedly Cuts Its Key Interest Rate
The Swiss National Bank (SNB) has made an unexpected decision to cut its key interest rate by 25 basis points.
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UBS Reportedly Plans to Shut Thousands of Smaller Credit Suisse Asia Accounts
The media, citing insiders, report that UBS Group AG intends to shut down Credit Suisse accounts with a small value, the number of which currently stands at several thousand.
Ledger to Launch iPod-Inspired Crypto Wallet
Crypto wallet maker Ledger has announced its intention to launch its hardware crypto wallet called Ledger Stax, which was designed by iPod inventor Tony Fadell.
High Tech Firm VDL to Build Plant in Vietnam
Dutch high-tech company VDL on Wednesday, March 20, announced its intention to build a new factory for the production of components for making chips in Vietnam.
Expert of Goldman Sachs Says About State of US Economy
Jan Hatzius, the chief economist at Goldman Sachs, said during a conversation with media representatives that the soft landing, which was perceived as something like a fantastic scenario for the Federal Reserve System, is still on track.
Apple CEO Arrives in Shanghai
The Chief Executive Officer of Apple Inc. Tim Cook on Wednesday, March 20, posted a video indicating that he arrived in Shanghai, where the opening ceremony of the new store of the technology giant will take place on Thursday, March 21.
Intel Plans to Spend $100 Billion on Chip Plants
Intel intends to spend $100 billion in four US states to build and expand chip manufacturing plants.
Amazon to Release New TV Shows and Films on Its Indian Streaming Platforms
Amazon.com Inc. announced its intention to release more than 70 new TV shows and films on its Indian streaming platforms.
Xiaomi Posts Revenue Rise
The Chinese company Xiaomi published its financial results for the fourth quarter of last year.
Galileo Expands BNPL Offering
Galileo Financial Technologies is expanding its Buy Now, Pay Later (BNPL) offer.
Nvidia CEO Announces New AI Chips
Nvidia announced on Monday, March 18, a new generation of artificial intelligence chips and software for running AI models.
Department of Homeland Security to Embrace AI
The Department of Homeland Security (DHS) became the first federal agency in the United States to embrace artificial intelligence.
India Seeks to Be Global Chip Powerhouse
Ashwini Vaishnaw, India’s minister of electronics and information technology, railways, and communications, during a conversation with media representatives, said that this country is striving to be on the list of the world’s five largest semiconductor manufacturers within the next five years.
China’s Property Market Shows No Sign of Rebound
The Chinese real estate sector, which is one of the most important components of the economic system of this country and has been in deep crisis for several years, currently shows no signs of recovery and does not signal any foreseeable positive prospects.
BNP Paribas Cuts Investment Banking Bonuses
BNP Paribas has cut bonuses in its investment banking unit.
Apple to Pay $490 Million to Settle Class-Action Lawsuit
Apple agreed to pay $490 million to settle a class-action lawsuit that claimed that the company’s chief executive, Tim Cook, was involved in deceiving shareholders by hiding information that iPhone sales had significantly decreased in the Chinese smartphone market.
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