Report - page 38

News

Salesforce Reports Earnings

On Tuesday, December 3, the value of Salesforce shares increased by 9% after this company published information about its earnings for the third fiscal quarter and guidance for the next fiscal quarter, which exceeded analysts’ preliminary expectations.

Science & Technology

Amazon Presents New Slate of AI Models

Amazon has announced a new slate of artificial intelligence platforms, known as foundation models, which, among other things, allow users to generate text materials, images, and videos.

Finance & Economics

China Bans Export of Key Minerals to US

China has banned the export to the United States of items related to the minerals gallium, germanium, and antimony, which can be used for military purposes.

News

US Imposes New Restrictions China’s Chips

The United States on Monday, December 2, launched the third restrictive measures against China’s semiconductor industry in the last three years, reducing the scope of export opportunities to this Asian country.

Science & Technology

Amazon Debuts AWS Data Transfer Terminals

Amazon Web Services (AWS) has announced that its data transfer terminal offering has become available online.

Science & Technology

Kioxia Sets Price Range for IPO

Bain Capital-backed chip manufacturer Kioxia has set a tentative price in the range of 1,390 to 1,520 yen ($9.22 to $10.09) per equity for its initial public offering (IPO) of shares.

Fintech & Ecommerce

Czech Online Grocer Rohlik Reaches Nearly $2 Billion Valuation

The valuation of Czech online grocer Rohlik Group has reached 1.85 billion euros ($1.95 billion), which is almost twice the figure observed three years ago.

Finance & Economics

European Manufacturing Activity Demonstrates Decline

Last month, a sharp decrease in the level of manufacturing activity was recorded in Europe, and a further downward dynamic of demand became an obstacle to any hopes for an early recovery of the indicator.

News

Revolut Faces UK Fraud Lawsuit

Revolut Ltd. is facing a lawsuit in the United Kingdom, as a result of which this fintech brand can pay 700,000 euros ($735,880) to a Serbian energy company as part of a fraud claim.

News

US Raises Cap on Small Business Loans

The White House has raised the cap on small business loans.

News

Foreign Investments in China Demonstrate Decline

Analysts say that the outlook for the growth of foreign direct investment in China is facing a new challenge amid the return of Donald Trump, who won the United States presidential election last month, to the White House.

Finance & Economics

Chinese Economist Calls for 5% GDP Target in 2025

China should set an economic growth target of about 5% for 2025, an indicator similar to the analogous goal for the current year.

Fintech & Ecommerce

Spendesk Launches Payment Institution

The French spend management platform Spendesk has launched a financial services unit, which is operating under a license from Autorité de contrôle prudentiel et de résolution.

News

Online Black Friday Spending Rises 10%

U.S. shoppers made online purchases worth nearly $10.8 billion on Black Friday using their mobile phones, laptops, desktops and other portable devices.

News

Norway Joins Eurosystem’s Payment Service

Norway has concluded the deal to add the krone to the Eurosystem’s Target Instant Payment Settlement (Tips) service.

News

Ugandan Central Bank Reportedly Faces Hacker Attack

The media reported that hackers broke into the systems of the central bank of Uganda and stole 62 billion shillings ($17 million) from its accounts.