This ruling calls for congressional clarity In a significant legal victory, Ripple Labs, the company behind the XRP cryptocurrency, has emerged triumphant in its case against the US Securities and Exchange Commission (SEC). The ruling, which states that the open market sales of XRP do not qualify as a security,…
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Top 25 global banks experience a 3.8 per cent increase indicating market recovery The aggregate market capitalization (MCap) of the top 25 global banks has witnessed a growth of 3.8 per cent to reach $US3.3 trillion during the second quarter (Q2) ended on 30 June 2023, according to GlobalData, a…
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GenAI poised to enhance efficiency, patient outcomes, and personalized care GlobalData, a leading data and analytics company, asserts that the adoption of generative artificial intelligence (genAI) in the pharmaceutical and healthcare sectors holds immense potential to address challenges related to high costs and poor patient experiences, while simultaneously enhancing efficiency…
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M&A, private equity, and venture financing deals all experience year-on-year decline The first half of 2023 saw a significant decline in global deal activity, with a total of 28,151 deals (including mergers & acquisitions (M&A), private equity, and venture financing deals) announced, marking a 23.7 per cent decrease compared to…
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Supply constraints and geopolitical challenges pose risks to green energy objectives The demand for green energy technologies is soaring worldwide as over 70 countries set net-zero targets and commit to reducing emissions. However, the ambitious goals to scale up green energy sources like solar, wind, and nuclear energy are putting…
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Despite the volatility, the cryptocurrency industry has made significant progress The cryptocurrency industry, known for its volatility and speculation, has demonstrated remarkable progress in a relatively short period, driven by significant innovation, according to a recent report by GlobalData, a leading data and analytics company. Despite experiencing a sharp decline…
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China leads global mobile wallet adoption China has emerged as a frontrunner in mobile wallet adoption, with mobile wallets overtaking traditional payment methods such as cash and cards, according to a survey conducted by GlobalData, a prominent data and analytics company. The survey revealed that an impressive 84 per cent…
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Mastercard Inc has utilized AI to mitigate risks and secure payments Artificial intelligence (AI) has emerged as a prominent topic of discussion across various industries, with the banking and payments sector taking the lead in conversations during the second quarter of 2023, according to the Company Filings Analytics Database of…
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The surge in funding for biologic innovator drugs is attributed to the enactment of IRA According to a recent report by GlobalData, biotechnology companies in the United States have secured significantly more venture financing for biologic innovator drugs compared to small molecule innovator drugs. The analysis reveals that from 2018…
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Global public cloud platform providers are rapidly entering the low-code market In the era of digital transformation, the demand for accelerated app development and intelligent automation has led innovative enterprises to explore the potential of emerging technologies. According to a report by GlobalData, a leading data and analytics company, Microsoft…
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