Meta Tests Experiential Retail to Sell Smart Glasses
Meta is currently promoting its Ray-Ban Meta smart glasses at a Meta Lab pop-up store in Los Angeles, where visitors have the opportunity to personally test this product.
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Intesa Partners With BlackRock in Private Banking
Intesa Sanpaolo, the largest Italian bank, announced that it will cooperate with BlackRock, the world’s biggest asset manager and the leading shareholder of this financial institution.
SoftBank Reportedly to Book $1.87 Billion Profit on IPOs
Japanese technology investor SoftBank Group is expected to report a quarterly profit of 287 billion yen ($1.87 billion) on Tuesday, November 12.
Washington Reportedly Orders TSMC to Halt Shipments to China of Some Chips
The media, citing an insider, reported that the United States ordered Taiwan Semiconductor Manufacturing Co (TSMC) to halt shipments of advanced chips to Chinese customers.
China’s Consumer Prices Growth Demonstrates Slowdown
In October, China recorded an increase in consumer prices, which demonstrated the pace of upward dynamic, which is the slowest in the last four months.
General Catalyst Makes First Investment Into Saudi Arabia
General Catalyst, a Silicon Valley venture capital company, has made its first investment in Saudi Arabia.
Wealth Management Firms in US to Double AI Budgets
Projections indicate that AI will account for 37% of US wealth management firms’ IT spending in the next 3-5 years, up from 16%.
Jack Dorsey’s Block to Focus More on Bitcoin Mining
Block (former Square), led by Jack Dorsey, is ramping up investments to expand its reach in small business services and bitcoin mining tools.
90% Payment Cards to Be Sustainable by 2029
It is expected that in mere five years, most of the payment cards issued by global payment providers will be made of sustainable materials such as recycled or bio-sourced PVC, recycled metal, and sustainably sourced wood.
LightOn to Become Europe’s First Listed GenAI Startup
The French startup LightOn, which operates in the area of generative artificial intelligence, has launched an initial public offering (IPO) of shares on the Euronext Growth market in Paris.
Chipmaker Kioxia Files for IPO
Bain Capital-backed Kioxia filed for an initial public offering (IPO) of shares last Friday, November 8th.
PNC Bank Increases Investment in New Branch Locations
PNC Bank has increased the number of new branch locations and renovations that this financial institution intends to complete over the next five years.
GenWise Teams Up With Axis Bank to Bring UPI Payments to Senior Citizens in India
GenWise aims to empower India’s elderly population with the speed and convenience of UPI digital payments in its app-based online club for senior citizens.
China Announces $1.4 Trillion Debt Package
China on Friday, November 8, announced a five-year package of measures totaling 10 trillion yuan ($1.4 trillion), designed to solve the debt problems of local governments.
Tesla Hits $1 Trillion Market Value
Tesla’s market capitalization indicator on Friday, November 8, breached the $1 trillion mark amid a sharp increase in the value of the company’s shares, which is due to the fact that its chief executive officer Elon Musk supported Donald Trump, who became the winner of the United States presidential election.
Ecobank & Nium to Unlock Real-Time Cross-Border Payments for African Markets
Collaboration with Nium will allow Ecobank’s 32 million customers to access faster and more efficient international transactions without complex integrations.
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