China Bans Export of Key Minerals to US
China has banned the export to the United States of items related to the minerals gallium, germanium, and antimony, which can be used for military purposes.
News - page 58
US Imposes New Restrictions China’s Chips
The United States on Monday, December 2, launched the third restrictive measures against China’s semiconductor industry in the last three years, reducing the scope of export opportunities to this Asian country.
TD Bank Joins Mastercard Priceless Planet Coalition to Boost Reforestation Efforts in Canada
TD Bank, in collaboration with Mastercard Priceless Planet Coalition, has introduced a standout initiative allowing MBNA cardholders to support reforestation efforts in Canada.
Amazon Debuts AWS Data Transfer Terminals
Amazon Web Services (AWS) has announced that its data transfer terminal offering has become available online.
Kioxia Sets Price Range for IPO
Bain Capital-backed chip manufacturer Kioxia has set a tentative price in the range of 1,390 to 1,520 yen ($9.22 to $10.09) per equity for its initial public offering (IPO) of shares.
Czech Online Grocer Rohlik Reaches Nearly $2 Billion Valuation
The valuation of Czech online grocer Rohlik Group has reached 1.85 billion euros ($1.95 billion), which is almost twice the figure observed three years ago.
European Manufacturing Activity Demonstrates Decline
Last month, a sharp decrease in the level of manufacturing activity was recorded in Europe, and a further downward dynamic of demand became an obstacle to any hopes for an early recovery of the indicator.
Revolut Faces UK Fraud Lawsuit
Revolut Ltd. is facing a lawsuit in the United Kingdom, as a result of which this fintech brand can pay 700,000 euros ($735,880) to a Serbian energy company as part of a fraud claim.
US Raises Cap on Small Business Loans
The White House has raised the cap on small business loans.
Foreign Investments in China Demonstrate Decline
Analysts say that the outlook for the growth of foreign direct investment in China is facing a new challenge amid the return of Donald Trump, who won the United States presidential election last month, to the White House.
Chinese Economist Calls for 5% GDP Target in 2025
China should set an economic growth target of about 5% for 2025, an indicator similar to the analogous goal for the current year.
JPMorgan Gets Fined in Singapore for Manager Misconduct
JPMorgan Chase relationship managers allegedly misrepresented or withheld key pricing details, causing clients to pay spreads exceeding agreed rates, said the Central Bank of Singapore.
SEC Sues Touzi Capital for Misleading Investors
According to the SEC, Touzi Capital stated investor funds would finance crypto mining operations, but they were used for unrelated expenses instead.
ADB Partners Mastercard to Boost Financing for MSMEs
ADB and Mastercard share a common goal to foster inclusive economic growth, particularly in developing economies where MSMEs are the backbone of the business ecosystem.
Spendesk Launches Payment Institution
The French spend management platform Spendesk has launched a financial services unit, which is operating under a license from Autorité de contrôle prudentiel et de résolution.
Baidu to Test Robotaxi Service in Hong Kong
Baidu has secured approval to test its Apollo Go robotaxi service in Hong Kong, extending its autonomous vehicle operations beyond mainland China.
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