DMR News
Advancing Digital Conversations
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…
Powell Indicates Federal Reserve Nearing Rate Reductions
Jerome Powell, Chair of the Federal Reserve, emphasized that the U.S. central bank is on course to reduce interest rates within the year, provided inflation continues its downward trajectory. Speaking…
Revised Figures Show UK Labour Market More Constrained Than Previously Estimated
Recent adjustments to the UK‘s population estimates have revealed a tighter labour market than previously understood, with a significant decrease in unemployment rates. The Office for National Statistics (ONS) reported…
Corporate Frugality in China Hampers Economic Revival Efforts
As China grapples with economic challenges, companies across the nation are adopting stricter cost-saving measures, potentially stalling the much-anticipated rebound in consumer spending and exacerbating deflationary pressures. Employees like Simon…
Nintendo makes its Switch sales projection better due to rising expectations for hardware releases.
In a strategic move to maintain its dominance in the gaming industry, Nintendo has announced an upward revision of its full-year Switch sales forecast. The company now expects to sell…
South Korea is taking big steps to facilitate foreign access to the FX market.
SEOUL, South Korea – In a significant move to bolster its standing as an attractive destination for offshore investors, South Korea’s finance ministry announced a series of measures aimed at…
Bluesky: Twitter-like Social Network is Now Open to All
Bluesky, a social media platform that draws inspiration from Twitter and endorsed by Twitter co-founder Jack Dorsey, has recently made a significant leap from being an exclusive, invite-only platform to…
White House Presses Congress to Extend Internet Subsidy Program
The White House has called on Congress to urgently extend the Affordable Connectivity Program (ACP), a critical initiative that enables low-income households to access affordable internet services. The program, a…
Former WeWork CEO’s Risky Bid to Buy Back WeWork
Adam Neumann, the enigmatic co-founder of WeWork, has once again captured the business world’s attention with his audacious move to repurchase the company he was once ousted from. Amidst its…
KakaoBank enhances the capabilities of its AI research facility located within the Digital Realty ICN10 data center.
Singapore, February 6, 2024 – In a strategic move to accelerate its AI capabilities and research initiatives, KakaoBank, the leading mobile bank in Korea, has partnered with Digital Realty, a…
BP makes a comeback with a net annual profit of US$15.2 billion and boosts its share buyback program.
London, UK – In a stunning reversal of fortunes, British energy giant BP announced on Tuesday that it had rebounded into vast profitability in 2023, marking a remarkable turnaround from…
Xi Jinping’s Market Revamp Shocks Regulatory Insiders Amid Deepening Stock Turmoil
In an unexpected move that has sent ripples through China‘s financial circles, the country’s main securities watchdog saw a dramatic leadership change, underscoring the urgency with which President Xi Jinping’s…
US-China Trade Deficit Hits Lowest Point Since 2010 Amid Strategic Shifts
In a significant development marking the evolving dynamics of international trade, the United States saw its goods-trade deficit with China diminish to its smallest total in over a decade last…
Investors Eye Lunar New Year Spending for Clues on China’s Economic Health Amid Stock Market Struggles
Amid a tumultuous period for China’s stock market, the upcoming Lunar New Year holidays, scheduled from February 9-17, stand as a critical juncture for investors seeking indicators of the nation’s…
Japan Introduces Digital Nomad Visa: Innovative Remote Work and Travel
In an unprecedented move, Japan has launched a new digital nomad visa, heralding a significant shift in the global remote work landscape. This initiative allows individuals, along with their spouses…
Leadership Shuffle at China’s Securities Regulator in Response to Market Fluctuations
In a pivotal move aimed at addressing the recent tumult in its stock market, China has announced a significant change in the leadership of its securities regulator. The official Xinhua…
OOm, a powerful Digital Marketing Agency, ranks high in Singapore’s Fastest Growing Companies 2024 list.
Singapore, February 6, 2024 – In a remarkable display of digital marketing prowess and financial excellence, OOm, a leading digital marketing agency, has ascended the ranks in Singapore’s Fastest Growing…
Meta to Label AI-Generated Content on Facebook, Instagram, Threads
Meta Platforms Inc. has recently unveiled a comprehensive strategy to label AI-generated content across its social media networks, including Facebook, Instagram, and Threads. This initiative is set against the backdrop…
Taylor Swift Threatens Action Against Florida Student Tracking Her Jet
Taylor Swift, the global pop icon renowned for her extensive travel for tours, appearances, and personal engagements, finds herself at the center of public debate regarding the environmental impact of…
ESPN, Fox, and Warner Bros Partner Up for Exciting New Sports Streaming Platform
This fall, ESPN, Fox, and Warner Bros. Discovery are set to revolutionize the sports media landscape with the launch of a pioneering sports streaming service, a collaboration highlighted by CNBC…