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Moody’s Downgrades NYCB to Non-Investment Grade Amid Financial and Governance Concerns
In a significant move that has sent ripples through the banking sector, Moody’s Investors Service downgraded New York Community Bancorp’s credit rating to non-investment grade, marking a pivotal moment for…
Malaysian Innovators Revolutionize Space Technology with Wireless Charging Breakthrough
PETALING JAYA: In an impressive showcase of ingenuity and ambition, a trio of 29-year-old Malaysians has unveiled a revolutionary technology poised to transform the future of space exploration. Muhammad Kamil,…
Generative AI is seamlessly being introduced to the famous Google Maps.
PARIS — In an innovative leap forward, Google is set to redefine how we explore and discover places by integrating generative artificial intelligence (AI) into Google Maps. This groundbreaking approach…
Mester Anticipates Federal Reserve’s Confidence in Reducing Interest Rates Later in 2024
In a comprehensive discussion on the future of monetary policy, Loretta Mester, president of the Federal Reserve Bank of Cleveland, shared her perspective on the anticipated trajectory of interest rates…
Microsoft’s Satya Nadella Unveils Ambitious Plan to Train 2 Million Indian Youth in AI Skills
Microsoft CEO Satya Nadella has recently announced an ambitious plan aimed at fortifying the Indian youth with advanced AI skills. During his appearance at the Microsoft CEO Connection event in…
IEA Forecasts India as Leading Contributor to Global Oil Demand Growth Until 2030
At the India Energy Week held in Goa, the International Energy Agency (IEA) unveiled a report indicating India’s pivotal role in shaping the future of global oil demand. According to…
WhatsApp Break Barriers by Embracing Third-Party Messaging Apps
WhatsApp’s groundbreaking move to enable interoperability with other encrypted messaging apps marks a significant pivot in the digital communication landscape, driven by the European Union’s Digital Markets Act (DMA). This…
Coca-Cola Launches New ‘Spiced’ Flavor with Raspberry Twist
Coca-Cola has taken a significant step by introducing Coca-Cola Spiced, marking its latest permanent addition to the Coke family. This new entrant is particularly noteworthy as it reflects Coca-Cola’s strategy…
US Consumers Projected to Continue Spending Despite Financial Pressures
Despite concerns over increasing credit-card debt and a recent wave of layoffs, American consumers are expected to maintain, or even boost, their spending in 2024. This prediction is supported by…
UEM Sunrise and Alliance Bank collaborate to offer home financing solutions
In a strategic collaboration aimed at empowering homeowners and facilitating their homeownership journey, UEM Sunrise Bhd, a renowned property developer, has joined forces with Alliance Bank Malaysia Bhd to introduce…
River’s Electric Revolution: Securing a Whopping $40 Million to better Redefine Urban Mobility in India
In an ambitious move to steer the future of urban transportation in India, River, an innovative electric two-wheeler startup, has recently announced a monumental $40 million in Series B funding.…
Canada Seeks to Reduce Dependency on Foreign Workers and International Students, Minister Asserts
In a significant policy shift, Canada is moving to address its reliance on temporary foreign labor and international students, a trend that has sparked concerns among various sectors of the…
Auto Loan Concerns Emerge as U.S. Household Debt Increases, According to New York Fed Report
In the last quarter of 2023, the landscape of U.S. household debt witnessed a modest increase, with certain segments, particularly auto loans, encountering heightened difficulties. This trend comes despite the…
Foreign investors have continued to be net buyers for the past two weeks, with a total inflow of RM132 million.
This information is crucial for understanding the dynamics of Malaysia’s stock market, especially in terms of foreign participation. A decline in foreign investment can have various implications, such as reduced…
Britain allocates £100 million towards AI research and regulatory efforts.
London, UK – In a significant move towards advancing the field of artificial intelligence (AI), the United Kingdom has announced a substantial investment of over £100 million (US$125 million) in…
Roblox’s AI Chat Translator Breaks Language Barriers in Real Time
Roblox, the immensely popular online gaming platform, has recently introduced an AI-powered chat translator that is poised to redefine the dynamics of global online interaction. This novel AI-powered chat translator…
Microsoft Introduce Face Check for Powerful Identity Verification
Microsoft has recently introduced an innovative feature named Face Check to its Entra Verified ID digital identity platform. This innovative facial recognition tool is designed to offer businesses an advanced…
AI-Generated Fake IDs Pose Threat to Crypto Exchanges
An underground website known as OnlyFake has mastered using artificial intelligence (AI) to fabricate identification documents with unprecedented quality and realism. At the modest price of $15, one can procure…
In 2023, a ex-Lazada’s D2C home appliance brand tripled sales and became extremely profitable.
In the dynamic realm of consumer electronics, Simplus has emerged as a beacon of innovation and excellence, reshaping the Southeast Asian home appliance market with its distinctive offerings and customer-centric…
Sygnum, a cryptocurrency-focused bank, secures more than $40 million in funding as part of its expansion plans in the market.
Singapore, February 6, 2024 – Sygnum, the global digital asset banking group, has successfully raised over US$40 million in a recent funding round aimed at fueling its growth and enhancing…