Global Public Debt to Surpass $100T in 2024
The IMF reports that global public debt is projected to exceed $100 trillion by the end of 2024, largely driven by rising fiscal deficits in the United States and China.
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Global Economy to Maintain Stable Growth of 3.2% in 2025
The global economy is expected to perform in a “stable yet underwhelming” manner in 2024 and 2025, showing a steady growth rate of 3.2%, according to the IMF forecast.
U.S. Dollar Dominates SWIFT Payments
In August 2024, the dollar accounted for almost half (49.1%) of payments handled by the global payment network SWIFT, with no other currency presenting solid competition to the dollar’s role in international payments.
US Consumer Sentiment Demonstrates Improvement
In October, local consumer sentiment in the United States showed an increase, reaching a mark that corresponds to a six-month high.
MoneyLion Launches Financial Products Marketplace
MoneyLion has launched a new marketplace that allows consumers to search, apply for, and make transactions on third-party financial products, including loans, credit cards, and savings accounts.
Startup Hugging Face Seeks to Cut AI Costs
The Hugging Face startup on Wednesday, October 23, announced that it is releasing a new open-source software offering with Amazon.com, Alphabet’s Google, and others.
Perplexity AI Reportedly Aims to Raise $500 Million
Media reports that artificial intelligence search company Perplexity AI plans to raise investment funds for about $500 million as part of a new round of financing.
Santander Scales Geography of Platform Openbank
The Openbank digital banking platform, which is part of the Santander virtual ecosystem, has officially become available to consumers living in the United States.
Bank of America Allows Companies to Lock in FX Rates
Bank of America began to allow companies to lock in foreign exchange (FX) rates for up to one year.
IBM Releases New AI Models for Businesses
IBM on Monday, October 21, presented the latest version of its artificial intelligence models aimed at businesses.
Klarna Now Available at Checkout on Apple Pay
Users checking out on Apple Pay online and in apps with iPhone and iPad on iOS 18 and iPadOS 18 or later can now leverage all the benefits of Klarna flexible payment options.
Why Is Cash Still King in Most Parts of the World?
While some countries are consistently moving towards cashless economies, cash remains prevalent over other payment methods in several regions globally. What are the reasons for such persistence and what can be done to finally move cash from its pedestal?
Meta Releases Self-Taught Evaluator
Meta on Friday, October 18, announced that it has released a batch of new artificial intelligence models from its research unit.
Netflix Earnings Exceed Expectations
On Friday, October 18, the value of Netflix shares rose by 11% after the streaming giant on Thursday, October 17, released information about its earnings for the third quarter of the current year, which exceeded the preliminary expectations of experts regarding the dynamic of the corresponding indicator.
US Retail Sales Demonstrate Growth
In September, the United States recorded an increase in consumer spending, which is evidence of the sustainability of the country’s economic system, which is currently getting a boost from the Federal Reserve System.
