Lam Research to Invest Over $1 Billion in India
United States-based chip toolmaker company Lam Research said it will invest more than 100 billion rupees ($1.2 billion) in the southern Indian state of Karnataka in the next few years.
News - page 21
Donald Trump Readies Reciprocal Tariffs
On Wednesday, February 12, the trade advisors of the President of the United States, Donald Trump, were finalizing plans for the reciprocal tariffs.
Donald Trump Calls for Lower Interest Rates
President of the United States Donald Trump switched his position on the Federal Reserve System again, posting a message on social media on Wednesday, February 12, that interest rates need to come down.
Bank of America CEO Says About Inflation Impact on US Economy
Bank of America chief executive officer Brian Moynihan on Wednesday, February 12, said that the strong consumer spending in the United States in the current year means that the Federal Reserve System is likely to hold off on cutting its benchmark interest rate.
CVS Health Reports Earnings
On Wednesday, February 12, CVS Health published information about its earnings for the fourth quarter of 2024, which exceeded preliminary expectations, although this company still continues to face problems in its insurance business, seeing higher medical costs.
US Consumer Prices Demonstrate Growth
In the United States, inflation showed an increase in January, which exceeded preliminary expectations regarding the dynamic of this indicator.
Mastercard Priceless Planet Coalition Sets Foot in Yunnan, China
The global collaborative environmental initiative by Mastercard has established a brand new site in China to help restore local biodiversity and natural resources.
Klarna Partners JPMorgan Payments
Popular BNPL provider Klarna keeps expanding its reach and accessibility through collaboration with JPMorgan Payments.
Sardine Raises $70 Million
Sardine raised $70 million in a Series C funding round.
Baidu CEO Says About AI Spend
Baidu chief executive officer Robin Li said on Tuesday, February 11, that investments in data centers and cloud infrastructure are still necessary, even though the example demonstrated by DeepSeek contains reasons to doubt the cost efficiency of large artificial intelligence models.
EU to Mobilize 200 Billion Euros for AI Investments
European Commission President Ursula von der Leyen said on Tuesday, February 11, that the European Union would mobilize a total of 200 billion euros ($206.5 billion) to invest in artificial intelligence in the region.
Jerome Powell Tells Congress Fed Still in No Rush to Cut Rates
Federal Reserve Chairman Jerome Powell stated that the central bank of the United States holds the view that there is currently no reason for it to rush into making decisions on adjusting interest rates.
Donald Trump Raises Tariffs on Aluminum and Steel Imports
President of the United States Donald Trump has ordered to impose a 25% tariffs on steel and aluminum imports, which means stepping up his efforts to protect those US industries that are of particular importance in the context of the economic aspect of the country’s existence and at the same time are essential from a […]
BNPL Startup Tabby Prepares for IPO with Top Banks’ Help
One of the Middle East’s first fintech unicorns, BNPL startup Tabby is consulting with HSBC, JPMorgan, and Morgan Stanley ahead of its prospective IPO.
AI Funding Surges 62% Despite Overall Decline
In 2024, startup funding declined by a dozen percentage points, while investments into projects linked to innovative artificial intelligence (AI) skyrocketed, illustrating a 62% growth.
RedotPay, StraitsX and Visa to Launch Crypto Credit Card
RedotPay and StraitsX offer crypto enthusiasts another way to spend their cryptocurrencies effortlessly at millions of Visa-accepting merchants worldwide.
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