News with the tag "Industrial "

In a groundbreaking move highlighting the growing convergence of artificial intelligence and industrial automation, Augury has successfully raised $73 million, propelling its valuation to over $1 billion. This significant funding underscores the rising importance of AI in manufacturing , as companie...

The initiative aims to equip many Africans with Fourth Industrial Revolution (4IR) skills, including skills in advanced technologies like artificial intelligence, robotics, and data science.

The Federal Reserve and New York Department of Financial Services (DFS) just announced a multi million-dollar settlement with a Beijing-based banking giant. The US agencies say the Industrial and Commercial Bank of China (ICBC) will pay a total of $32.4 million for failing to follow the Bank Secrecy...

A cyberattack struck the Industrial & Commercial Bank of China Ltd. (ICBC). This event is not just any disruption; it’s a significant blow to the world’s largest bank. According to a Bloomberg report, the attack paralyzed the bank’s ability to clear US Treasury trades, leading to an extraordinary si...

Engineers are looking into how hackers broke into the New York branch of the Industrial & Commercial Bank of China (ICBC), a financial institution with $5.74 trillion in assets. According The post Hackers Force ICBC To Rely on USB Stick to Settle Trades appeared first on BitcoinWorld .

The key U.S. equities index the S&P 500 has now declined by just over 10% from its July 31 peak on fears that the U.S. economy is headed for a recession. One expert characterized the index’s drop as the first correction since the market bottomed in the fourth quarter of 2022. In contrast, the prices

Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to boost the digital yuan use in the region. Shenzhen ...

Market expert Peter Grandich is urging the masses to keep a close eye on the BRICS bloc of burgeoning countries, hinting that specific partnerships might usher in “dramatic” ramifications. In just five days, the much-awaited BRICS Summit will convene, and Grandich believes the strategic economic pla...

In a significant move towards embracing the digital yuan, Industrial Bank, a Fuzhou-based joint-stock commercial bank, has introduced the country’s inaugural central bank digital currency (CBDC)-powered settlement service for bulk commodity spot clearing. The initiative carried out in collaboration ...

China’s largest banks have implemented interest rate cuts for savers to stimulate economic growth and encourage consumer spending. The country’s six state-owned commercial banks, including the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction ...