Fintech Zolve Raises $251 Million
Neobank Zolve on Tuesday, March 11, announced that it raised $251 million in the latest round of debt and equity financing.
News - page 9
Alibaba.com Targets 100% AI Adoption by Merchants
Alibaba Group Holding’s international wholesale marketplace, Alibaba.com, expects all sellers on this virtual platform to adopt its artificial intelligence tools by the end of the current year.
Founder of Startup Butterfly Effect Says Chinese AI Agent Manus Transcends Chatbots
The Chinese startup Butterfly Effect, which has developed the general-purpose artificial intelligence agent dubbed Manus, appears to become a significant change factor in the market of large language models in the Asian country, as this virtual product focuses on apps beyond chatbots similar to ChatGPT from OpenAI.
Donald Trump Doubles Tariffs on Canadian Steel and Aluminum
President of the United States Donald Trump on Tuesday, March 11, announced that he would raise tariffs on steel and aluminum imported from Canada to 50% in response to the decision of the province of Ontario to increase taxes on electricity sent to the US.
China Seeks to Boost Consumption
China’s latest action as part of efforts to increase consumption is not aimed at dramatically raising all types of spending.
Nubank Partners With OpenAI to Boost Customer Experience
Brazil’s digital challenger Nubank enhances customer service for its 114 million customers in Brazil, Mexico, and Colombia by expanding its partnership with ChatGPT creator – OpenAI.
Riksbank Prioritises Offline Payments in Contingency Planning
Swedish Riksbank wants to strengthen the resilience of the national payment system, developing solutions that enable offline payments with cards, amidst the global geopolitical turmoil.
BBVA to Offer Bitcoin and Ether Services in Spain
One of Spain’s largest banks, BBVA, got approval from the local financial regulator to handle crypto trading orders. The bank is now preparing to offer these services to retail customers, initially focusing on Bitcoin and Ether.
Gender Pay Gap Still an Issue in U.S.
As Women’s History Month progresses in the U.S., the same cannot be said about the gender pay gap, which hasn’t been shrinking much in the last few years.
China Announces High-Tech Fund
After the artificial intelligence reasoning model, a product of the Chinese company DeepSeek, became popular globally in the current year, the top economic officials of the Asian country promised to form a state-backed fund to support technological innovation.
Wall Street Ends Sharply Lower
On Monday, March 10, the stock indexes of the United States showed a significant drop.
China’s Inflation Declines Below Zero
In China, consumer inflation showed a decrease, which turned out to be more widespread than preliminary expectations regarding the dynamic of this indicator, and fell below zero for the first time in 13 months, an assessment skewed by seasonal distortions, but also a signal of continued deflationary pressure on the economic system of the Asian […]
TSMC’s Sales Accelerates
Revenue of Taiwan Semiconductor Manufacturing Co. (TSMC) in the first two months of the current year showed growth of 39%, which is an acceleration compared to the upward dynamic of this indicator in 2024 and indicates a steady level of consumer demand for Nvidia chips used in the development of artificial intelligence.
Virtual Card Transactions to Exceed $17.4 Trillion by 2029
The value of virtual card payments is expected to grow 235% by 2029, surging to $17.4 trillion from $5.2 trillion in 2025.
JPMorgan Chase Hikes Euro Area’s 2025 Economic Growth Forecast
JPMorgan Chase has revised its forecast for the growth of the eurozone economy in the current year, expecting that the upward dynamic of this indicator will demonstrate a faster pace compared to previous projections.
Trump Tariffs to Accelerate Inflation, Hinder GDP, Employment
As U.S. President Donald Trump fiddles with tariffs on some goods from Canada, China and Mexico, analysts share their estimations on how that might influence key economic indicators, such as inflation, employment and GDP.
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