July 26, 2024. Summary of economic and technology news / last 24 hours

Recent economic and technology news flow highlights a number of regional and global developments and trends. Significant stock market declines, innovations in technology and changes in consumer behavior are some of the themes in the spotlight.

Financial markets

• US and European stock markets suffered big losses, with $1.8 trillion in US sales and significant declines in Europe.
• The Stoxx 600 Technology index fell 2.8%, German bourses fell 1.18% and French bourses fell more than 2%.
• Stock prices fall amid concerns about the growth of technology companies.
• European bourses closed lower as investors analyzed the earnings of the region's banks and U.S. technology companies.

Global economic events

• China's economy hits three-decade low.
• Oil prices have felt the shock of recent events.
• Kering, the owner of Gucci, is forecasting a 30% drop in operating profit due to weak demand in China.

Price and expansion strategies

• Auchan has opened a new ATAC Hiper Discount store in Galati, expanding its network with aggressive pricing.

Car market

• Renault warned of the impact of the continuation of current trends on car production.

Launches and Innovations

• Samsung launched the new Galaxy Z Fold6 and Galaxy Z Flip6 series of foldable devices.
• The Huawei Watch GT 5 and GT 5 Pro are close to launch.
• New ROG Ally X console launches with increased battery life.
• Pixel Buds Pro 2 appear in new renders, with four new colors and a revised design.
• The iPhone 16 and Galaxy S25 phones will have 2TB of internal storage.
• The iPhone 17 Slim could have a single camera.
• Xiaomi launches first flip foldable with big battery.

Artificial intelligence and software

• Google adds a tab for scanning documents in Google Photos.
• Xiaomi Smart Band 8 received a major update with HyperOS 1.6.222.
• Lenovo has launched a new generation of PCs with built-in AI.
• Apple Maps is now available on web browser.

Top entities / companies mentioned:

1. Samsung
2. Apple
3. Google
4. Auchan
5. Lenovo

***** Synthesis provided by NewsVibe Romania. The top economic topics are identified from the automated monitoring of high impact economic sources in Romania, as well as from the tracking of economic topics in mainstream media sources and the pages of the main economic influencers. The analysis, data and images presented were enhanced with the help of Machine Learning and Artificial Intelligence tools.