Russian banking and financial services company Sberbank unveiled on Thursday its second supercomputer. Known as the Christofari Neo, this supercomputer is expected to assist the company in meeting rising demand in AI services that are exceeding projections. The supercomputer is named after Nikolai Christofari, the bank's first-ever customer from...
The G20, comprised of the leaders of the world's largest economies, has decided to universally agree to endorse a deal stipulating that a global minimum corporate tax of 15% be enforced. This decision was reached following a two-day G20 summit, after which a draft of the plan was revealed...
Bank of England warned the British citizens recently to prepare themselves to face interest rate rises earlier than expected. This hike is influenced by the inflation pressure that is affecting the U.K.
BoE governor Andrew Bailey explained during an interview that there is much concern over Britain's inflation rate rising...
American Express Co. is introducing a new perk for its $695-per-year platinum credit card in partnership with Walmart. Platinum cardholders will now be eligible to receive statement credits for Walmart+. In addition to receiving free shipping for online orders, cardholders will also have access to an array of discounts...
Goldman Sachs Group Inc. is the latest organization to join those who predict a surge in demand for crude oil later in the year as the use of utilities makes the switch from oil to fire power plants. This switch has been influenced by high natural gas prices. Head...
DNA Sequencing firm Oxford Nanopore Technologies Ltd. launched its initial public offering (IPO) on the London Stock Exchange, with shares being sold at 425 pence each. The company managed to sell 350 million pounds worth of new stock, while its backers were able to generate 174 million pounds from...
Japanese stocks continued to rise on Monday after the Topix reached a 30-year high. The major winners on the day were electronics stocks, which gained 1.3%; itself the highest level achieved since August 1990.
Much of the gains came after it was announced that current Japanese Prime Minister Yoshihide Suga will...
U.S. futures rose on Wednesday as signs of future economic growth resulted in renewed investor confidence. Treasury yields and European equities gained as well.
After a month in which the S&P 500 realized a dozen record closes, both this index's and those of the Nasdaq 100 remained in the green....
ByteDance Ltd. has entered into discussions regarding the acquisition of Chinese virtual reality headsets maker Pico, a source familiar with the matter confirmed. This move forms part of ByteDance's drive for further growth.
With talks still ongoing, no final decision has been made as to whether or not ByteDance will...
Dairy cooperative Arla Foods announced on Thursday that it will be raising its sales outlook for the year due to increased demand for dairy products, particularly lines such as Starbucks ready-to-drink coffee beverages. The cooperative did warn, however, that doing so could result in slimmer margins due to the...