Swiss National Bank Cuts Interest Rates
The Swiss National Bank on Thursday, March 20, decided to cut its key interest rate by a further 25 percentage points, as the country’s economy grapples with depressed inflation.
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EU Delays Implementing Retaliatory Tariffs on US Goods
The European Union delayed the entry into force of retaliatory tariffs on US goods, which were announced after the United States imposed 25% levies on steel and aluminum imports in the current month.
Bank of England Holds Interest Rates
The Bank of England on Thursday, March 20, decided to keep interest rates at the same level, as the United Kingdom is currently facing uncertainty in the context of the prospects for the further dynamic of the global trade situation and is approaching a recession scenario in the country’s economic system.
LianLian DigiTech Sees 64.7% Surge in Digital Payment TPV
Fast-growing Chinese fintech company LianLian DigiTech has successfully finished the 2024 financial year, witnessing a strong total payment volume (TPV) increase.
Fed Holds Interest Rates Steady
The Federal Reserve on Wednesday, March 19, decided to leave interest rates unchanged, although at the same time underlined that the cost of borrowing is likely to be lowered later in the current year.
AMD CEO Visits China
Advanced Micro Devices (AMD) chief executive officer Lisa Su began her visit to China, where she touted the company’s role in supporting the development of artificial intelligence in the Asian country through the lens of interaction with leading players in the local corresponding industry, including DeepSeek and Alibaba Group Holding.
Samsung Seeks to Reclaim Ground in AI Memory Market
Samsung Electronics Co. pledged to strengthen its position in the high-bandwidth memory chip market in the current year.
Google Launches Redesigned Pixel 9a
Google has launched a redesigned version of its budget Pixel phone, updating the chip and battery life.
Nvidia Announces New AI Chips
Nvidia last Tuesday, March 18, at its annual GTC conference, announced new chips that are designed for the development and subsequent deployment of artificial intelligence models.
Crossmint Raises $23.6 Million
Crossmint raised $23.6 million to expand its solutions that help companies and developers build blockchain apps.
Standard Chartered Sees Important Role of Hong Kong in Global Trade
The outgoing group chairman of Standard Chartered Jose Vinals on Tuesday, March 18, at a media briefing in Hong Kong, where the bank’s international advisory council hosted a meeting, said that the President of the United States Donald Trump is unlikely to impose the so-called super tariffs on China and noted that the current configuration […]
Scott Bessent Sees No Reason for Recession
United States Treasury Secretary Scott Bessent stated that the underlying economy of the country is healthy and the US currently has no reason for a recession, but at the same time rejected the idea that the downturn cannot be.
China’s Economy Demonstrates Positive Results
In China, in the first two months of the current year, growth in consumption, investment, and industrial production was recorded, which exceeded initial expectations regarding the dynamic of the corresponding indicators.
Alphabet to Buy Wiz for $32 Billion
Alphabet, Google’s parent company, announced on Tuesday, March 18, that it would acquire Wiz in its largest deal valued at approximately $32 billion.
Alphabet Reportedly Approaches to $30 Billion Acquisition of Wiz
The media published information according to which Alphabet, Google’s parent company, is nearing the conclusion of the deal to acquire the startup Wiz, which operates in the cybersecurity area.
Baidu Launches Two New AI Models
Last Sunday, March 16, the Chinese company Baidu announced that it had launched two new models of artificial intelligence.
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