News

Note: This section contains information in English only.
Tue, 06 Jun 2023 10:30:06 GMT

NVidia builds supercomputer

NVidia Corporation has revealed that it would be building Israel's most powerful supercomputer that is aimed at meeting increasing demand for AI applications.

Tue, 06 Jun 2023 06:30:04 GMT

Uber expands in Europe

Uber executives have revealed to Reuters that the company is observing an influx of new taxi drivers in Europe.

Mon, 05 Jun 2023 14:30:04 GMT

Investors leave Russia

RIA news agency has reported that foreign investors had withdrawn $36 billion from Russia during March 2022 up to March 2023.

Mon, 05 Jun 2023 06:30:06 GMT

Boeing reveals new sales

Boeing Corporation has revealed that it is arranging a deal to sell 150 737 Max jets to the start-up Riyadh Air. The start-up is a Saudi Arabian project that intends to compete in the region.

Fri, 02 Jun 2023 14:30:08 GMT

IRS comments on funding cut

The recent US budget deal would not affect IRS tax collection in 2024 and 2025, the White House has announced. The recent US budget deal is set to cancel a planned IRS funding increase.

Fri, 02 Jun 2023 10:30:07 GMT

Temasek cuts salaries for FTX investment

The Singapore's state investment company Temasek has cut salaries for the team that was responsible for state fund investment into the FTX cryptocurrency exchange.

Fri, 02 Jun 2023 06:30:05 GMT

PWC Australia addresses Australian tax scandal

Price Waterhouse Coopers has put nine partners on leave and started to overhaul its board of executives in Australia due to the recent tax document leak scandal.

Thu, 01 Jun 2023 14:30:09 GMT

China urges Japan to end export restrictions

The Chinese Commerce Minister Wang Wentao has addressed the Japanese government asking it to stop the restrictions on chip exports to China.

Thu, 01 Jun 2023 10:30:06 GMT

NVidia partners with MediaTek

NVidia Corporation and MediaTek have partnered up to collaborate and develop advanced vehicle information and entertainment systems.

Thu, 01 Jun 2023 06:30:05 GMT

US comments on Micron ban

The United States Commerce Secretary Gina Raimondo has announced that the US won't tolerate the Chinese ban on purchases of Micron Technology memory chips.

Wed, 31 May 2023 14:30:05 GMT

EUR/USD declines below 1.0700

Due to an ongoing strengthening of the US Dollar, the EUR/USD currency exchange rate has declined to trade below 1.0700. The rate has not been at these levels since March.

Wed, 31 May 2023 08:53:35 GMT

Jamie Dimon comments on China

The CEO of JPMorgan Chase & Co Jamie Dimon has visited China and during the visit announced that the US and China need to increase engagement.

Wed, 31 May 2023 08:48:50 GMT

Elon Musk visits China

This week, the CEO of Tesla Elon Musk has visited China to meet with top officials of the country among which are Foreign, Commerce and Industry Ministers.

Tue, 30 May 2023 14:30:06 GMT

Erdogan wins elections

The Turkish President Tayyip Erdogan has won the Turkish Presidential Election and has extended his rule into a third decade by defeating Kemal Kilicdaroglu.

Tue, 30 May 2023 10:35:04 GMT

NVidia CEO comments on AI

The CEO of NVidia Jensen Huang has stated at an event in Taipei that due to AI everyone can become a computer programmer via speaking to a computer.

Tue, 30 May 2023 10:30:07 GMT

Nikkei hits record high

The Japanese stock index Nikkei has hit a high level not seen since 1990. The index traded at 31,560,43 during Monday's trading. The surge was attributed to a decline of the Yen, which in turn was caused by the US debt deal announcement causing a strengthening of the US Dollar.

Tue, 30 May 2023 06:30:04 GMT

Biden and McCarthy send budget deal to Congress

The US President Joe Biden and House Speaker Kevin McCarthy have agreed to suspend the $31.4 trillion debt ceiling until January 1 of 2025. The two parties have sent a legislative proposal to the US Congress.

Mon, 29 May 2023 14:30:03 GMT

Airline customer complaints cause new legislation

Reuters has reported that a surge in airline customer complaints has forced regulators to put airlines under review in Canada, United States and the European Union.

Mon, 29 May 2023 12:30:03 GMT

Chinese investors buy sanctioned stocks

US sanctioned Chinese firm stocks have experienced a share price boom, as patriotic Chinese investors have been buying up the equity of these firms.

Mon, 29 May 2023 11:09:01 GMT

Lira hits record low level

The Turkish Lira has reached a record low level against peer currencies. The USD/TRY traded above 20.0750 during mid-European hours. The drop of the currency was caused by the re-election of Recep Rayyip Erdogan as the country's President. 

Mon, 29 May 2023 10:30:05 GMT

Ericsson whistle-blower receives SEC award

The Wall Street Journal has reported that the person, which reported on a major bribery case at Ericsson in 2019, has been awarded $279 million by the US Securities and Exchange Commission.

Mon, 29 May 2023 08:30:04 GMT

Viterra considers merging with Bunge

The worldwide grain trader Viterra has been negotiating a merger with US competitor Bunge. The deal might reshape how global grain trade operates.

Mon, 29 May 2023 06:30:05 GMT

New York City halts Capital One deposits

The New York City Banking Commission has voted to stop deposits into the city's accounts at Capital One and KeyBank after a failure of the bank to submit anti-discrimination plans.

Fri, 26 May 2023 14:30:04 GMT

Department of Justice hunts short sellers

The US Justice Department has revealed that in the upcoming months it would take actions against short sellers, which are being blamed for the recent US regional bank rout.

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