The last trading week was dominated by the Federal Reserve interest rate decision. In line with expectations, the US central bank maintained interest rates and the bond buyout program. However, a change in the dot plot brought a big surprise: while no interest rate increases were expected in March, the Fed is now reporting two interest rate increases in 2023.
Bytedance, the Chinese owner of the video app TikTok, had two billion users across all its platforms by the end of 2020, reports The Wall Street Journal Thursday based on an internal mail from the company. In addition to TikTok, the company has also Duyin the Chinese version of the videoapp, and the news app Jinri Toutiao.
In the second quarter of the current broken financial year, H&M saw a significant recovery in turnover. This was announced by the Swedish clothing chain on Tuesday morning.
Yesterday, a new ultra-modern department of emergency paediatric surgery, built by the Saby Charitable Foundation, opened in the Mangystau Regional Multidisciplinary Children’s Hospital. Honourable guests, the founders of Saby, Aselle Tasmagambetova and Kenes Rakishev, sponsors, partners and the regional government administration were present at the event.
Nvidia bought DeepMap to improve its autonomous driving maps. This was reported by Nvidia without providing any financial details.
Consumer prices in the United States increased slightly more than predicted in May. This was shown on Thursday by figures from the US Department of Labour.
Tensions between the British government and the European Union over controls at the Northern Irish Sea border are once again rife. European patience becomes ‘very thin’ after a new salvo of British provocations.
A new and controversial European copyright law came into force on Monday. From now on, stricter rules apply in the field of uploading copyrighted material. This is exactly what’s changing.