Finance

Crunchmarkets’s info on the world of finance

Alibaba from China asserts its AI translation gadget surpasses Google and ChatGPT in performance

Chinese e-commerce giant Alibaba is ramping up its global reach with a significant investment in its international business. The move comes as growth in its domestic-focused platforms Taobao and Tmall is slowing down. Alibaba has unveiled an upgraded version of its AI-powered translation tool under its international division. The company […]

Consenting to a $4 million fine in the US, Lufthansa settles over inappropriate conduct towards Jewish travelers – Reuters reports.

Headline: Lufthansa to Pay $4M in Response to Alleged Discrimination Incident By David Shepardson In May 2022, a notable incident took place on Lufthansa Airlines that has brought significant attention to the airline’s handling of alleged discriminatory practices. As reported by the U.S. Transportation Department, Lufthansa has conceded to pay […]

China’s finance minister suggests enlarging the deficit during eagerly awaited press conference

During a press conference on the sidelines of the National People’s Congress, Lan Fo’an, China’s Minister of Finance, along with Zheng Shanjie, Chairman of the National Development and Reform Commission (NDRC), and Pan Gongsheng, Governor of the People’s Bank of China (PBOC), discussed important financial matters. Lan Fo’an suggested there […]

Operations Reduced at Pemex’s Deer Park Oil Refinery Following Deadly Incident, Reports Reuters

Title: “Pemex’s Deer Park Refinery Operates at Reduced Level Following a Fatal Chemical Leak” Following a lethal chemical spill at Pemex’s Deer Park oil refinery near Houston, the Mexican state-owned oil enterprise has declared that the refinery will continue functioning at a diminished capacity over the weekend. This announcement was […]

Divergent trajectories observed in two Chinese ETFs

Two exchange-traded funds (ETFs) are employing distinct investment strategies to maximize profits in the Chinese market. Rayliant Quantamental China Equity ETF focuses on specific regions, while the new Roundhill China Dragons ETF is investing in the nation’s largest stocks. The Roundhill China Dragons ETF, which launched on October 3 and […]