Report - page 125

Finance & Economics

JPMorgan CEO Criticizes Central Banks for Wrong Forecasts

Jamie Dimon, Chief Executive Officer of JPMorgan Chase & Co, said that the fact that central banks in early 2022 released forecasts about the development of the situation in the financial and economic environment, which did not come true, should prompt some humility regarding the preliminary vision of the state of affairs in the mentioned […]

News

BNY Mellon Rolls Out White Labeling Service

The Bank of New York Mellon has presented a White Labeling service for its LiquidityDirect platform.

Finance & Economics

Silicon Valley Bank Launches Improved Digital Banking Platform

Silicon Valley Bank (SVB), which became the unit of First Citizens Bank after its resonant collapse in March 2023, presented several new products and services.

Science & Technology

OpenAI Executives Say About Potential of AI to Do Any Job

The leaders of OpenAI suppose that over the next ten years, artificial intelligence will receive the abilities and capabilities sufficient to perform any work that is in the space of human activity.

Science & Technology

Apple CEO Visits China Amid iPhone Sales Drop

The media reports that Apple CEO Tim Cook visited China, one of the largest markets for the company’s products and an important manufacturing center, as part of an unannounced trip.

Fintech & Ecommerce

Revolut Continues Its Attempts to Obtain British Banking License

Revolut continues its difficult path to obtaining a banking license in the United Kingdom.

News

Chinese Authorities Investigate Foxconn

The Chinese authorities are once again taking moves that can be described as measures within the framework of the concept of unfriendly attitude towards business, having launched an investigation into the activities of Taiwan-based Foxconn Technology Group, one of Apple’s main partners and one of the largest employers in this country.

Fintech & Ecommerce

Paytm Reports 32% Revenue Growth

Paytm Q2FY24 quarter earnings showed robust revenue growth led by higher subscription revenue and an uptick in the loan distribution business.

Fintech & Ecommerce

Citi Rolls Out New Travel and Expense Management System

Citi announces the launch of a new travel and expense management system for its corporate clients who reside in the United States.

Fintech & Ecommerce

Lloyd’s Reports Potential Global Consequences of Payments System Cyber Attack

Insurance marketplace Lloyd’s of London reported that in the event of a large-scale cyberattack on the systemic payment system, the global economy may face a consequence in the form of damage for $3.5 trillion.

Finance & Economics

IMF Forecasts Increase in India’s Contribution to Global Economic Growth

The International Monetary Fund predicts that India’s contribution to global economic growth will increase over the next five years.

Finance & Economics

Global Exodus From Chinese National Equities Shows Growth

Foreign financial managers are leaving posts in some of their largest companies in China’s technology sector.

News

China Plans to Restrict Exports of Graphite

China plans to impose restrictions on the export of graphite, a mineral from the class of native elements, the importance of which in the sphere of production of batteries for electric vehicles is critical.

Science & Technology

Google to Manufacture Its Smartphones in India

Google will launch production of its Pixel 8 smartphones in India next year.

Science & Technology

IBM Expands Collaboration With AWS

IBM announced the expansion of cooperation with Amazon Web Services (AWS) to further promote the development of generative artificial intelligence tools.

Science & Technology

US Tightens Rules on Chip Exports to China

The administration of the President of the United States Joe Biden has reduced the number of types of semiconductors that local companies can supply to China.