Explained - page 29

News

Analysts Say About China’s Lagging in Cut-Edge Chips Manufacturing

Data from a new study suggests that, as of today, China is about five years behind the world leaders in the area of high-end logic chip production and continues to be at a significant distance from the leadership in the semiconductor equipment manufacturing sector.

Finance & Economics

Technology Giants Boost Hong Kong Stocks

Hong Kong stock indexes on Monday, August 19, showed growth against the background of the rising value of shares of technology companies.

News

AMD to Acquire Server Maker ZT Systems

It became known that Advanced Micro Devices (AMD) Inc. has reached an agreement on the implementation of the deal for the acquisition of ZT Systems, which specializes in the implementation of server manufacturing activities.

Science & Technology

Texas Instruments to Receive Up to $1.6 Billion From US Commerce Department

Texas Instruments, maker of microcircuits, on Friday, August 16, announced that it would receive from the US Commerce Department financing in the amount of up to $1.6 billion for the construction of three new facilities.

Finance & Economics

UK Economy Demonstrates Growth

The economy of the United Kingdom showed growth in the second quarter of the current year.

News

Banking Technology Firm Amount Raises $30 Million

The Amount company, which operates in the area of banking technologies, announced that it managed to raise investment funds for $30 million.

Science & Technology

Lenovo Reports Earnings

Lenovo released data on its earnings in the last quarter, which exceeded preliminary expectations for growth in the corresponding indicator and became an example contributing to the strengthening of expectations that the computing industry will be able to receive a recovery boost due to global spending on artificial intelligence.

Finance & Economics

Japan’s Economy Bounces Back

The Japanese economy showed growth in the second quarter of the current year.

News

China’s Economy Fails to Rebound

In the current quarter, the downturn continues in the space of China’s economic system.

Science & Technology

Cisco Gives Upbeat Sales Forecast

Cisco Systems Inc., the largest manufacturer of computer networking equipment, has released an optimistic revenue forecast amid an increase in the number of orders, but at the same time announced its intention to reduce the number of its workforce as part of making significant changes to its activity strategy.

News

McKinsey Sees AI Stimulates Consulting

McKinsey & Co. currently records an increase in the number of clients who are interested in projects related to the use of artificial intelligence.

News

European Stocks Demonstrate Growth Amid US Inflation Data Expectations

On Wednesday, August 14, European stock indexes demonstrated the dynamic of the growth at the beginning of trading.

Finance & Economics

US Producer Prices Demonstrate Growth

In the United States, a slowdown in the dynamic of wholesale inflation was recorded in July, which was a relatively expected result.

News

Biggest Kenyan Bank to Boost Loans

Equity Group Holdings Plc, Kenya’s largest bank by market capitalization, intends to increase lending in the domestic market by 5% in the second half of the current year.

News

India Inflation Dips Below RBI Target

In India, the inflation rate fell below the target level of the central bank of this South Asian country for the first time in almost five years.

Finance & Economics

US July Federal Deficit Demonstrates Growth

In July, the United States government recorded a budget deficit of $244 billion.