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Kenya Secures $950 Million Deal with China to Advance Economic Transformation

A $950 million deal was inked by Kenyan President William Ruto and China during his official visit with the intention of furthering the countrys Botto

A $950 million deal was inked by Kenyan President William Ruto and China during his official visit with the intention of furthering the countrys BottomUp Economic Transformation Agenda BETA. Under the agreement, businesses including China Wu Yi and Zonken Group would spend $320 million in manufacturing, $430 million in agriculture, and $230 million in tourism. Ruto emphasised the Standard Gauge Railway and Lamu Port, two examples of Chinesefunded infrastructure that have had a revolutionary impact, and Kenyas dedication to deepening its relationship with China. Kenyas position in Chinas Belt and Road Initiative and its geopolitical pivot in the face of shifting global alliances are both highlighted by this visit. Read More..

B2B Tech News | 19 hours ago        

IMF Predicts BOJ to Delay Rate Hikes Amid U.S. Tariff Uncertainty

Because of the uncertainty created by U.S. tariffs, the IMF believes that the Bank of Japan BOJ will postpone additional interest rate increases. In a

Because of the uncertainty created by U.S. tariffs, the IMF believes that the Bank of Japan BOJ will postpone additional interest rate increases. In addition to delaying company expenditures and affecting pay decisions, these tariffs are lowering business sentiment. By 2027, a year later than originally predicted, the IMF now projects that Japan will reach its 2% inflation objective. A drop to 0.6% for Japans economic growth outlook for 2025 reflects the difficulties caused by conflicts in global trade. After ten years of ultraloose policy, the BOJ lifted its benchmark interest rate to 0.5% in January, but the present climate might necessitate extended monetary accommodation. Read More..

B2B Tech News | 19 hours ago        

German Finance Minister Urges Swift Action on U.S. Tariff Negotiations

As trade talks with the United States continue, German Finance Minister Joerg Kukies has underlined the need to reduce tariffrelated uncertainties as

As trade talks with the United States continue, German Finance Minister Joerg Kukies has underlined the need to reduce tariffrelated uncertainties as soon as possible. Speaking at the Semafor World Economy Summit in Washington, Kukies cautioned that a protracted state of uncertainty might be detrimental to both economies, especially as Germany is currently experiencing its third consecutive year of recession, which is unprecedented in the countrys postwar history. It is anticipated that U.S. President Donald Trumps tariffs will worsen Germanys economic problems, underscoring the urgency of taking immediate measures to restore trade relations. Read More..

B2B Tech News | 19 hours ago        

Brazil Central Bank Plans $18.4 Billion Currency Swap Rollover Starting April 28

The central bank of Brazil has revealed plans to roll over $18.4 billion in currency swaps that mature on June 2, 2025. The rollover will start with d

The central bank of Brazil has revealed plans to roll over $18.4 billion in currency swaps that mature on June 2, 2025. The rollover will start with daily auctions on 28 April to ensure that the expiring stock is entirely replaced. With the central bank receiving the change in Brazils benchmark interest rate, the Selic, and paying buyers the currency variation plus interest, these swaps offer currency hedging and preserve market liquidity. The banks objective to stabilise the foreign currency market in the face of global economic uncertainty is reflected in this action. Read More..

B2B Tech News | 19 hours ago        

India Suspends Indus Waters Treaty Following Pahalgam Terror Attack

After 26 people were killed in the Pahalgam terror incident, India suspended the Indus Waters Treaty IWT with Pakistan. Signed in 1960, the pact regul

After 26 people were killed in the Pahalgam terror incident, India suspended the Indus Waters Treaty IWT with Pakistan. Signed in 1960, the pact regulates how the two countries divide the Indus River system. Since Pakistan depends on the Indus and its tributaries for water security and agriculture, Indias decision might have a big effect, which is a part of a larger response to the attack. The suspension permits India to circumvent treaty limitations, which may impact Pakistans flood and irrigation control. Indias position on watersharing agreements and crossborder terrorism has changed, albeit the decision may not have immediate repercussions because of infrastructure limitations. Read More..

B2B Tech News | 19 hours ago        

OpenAI Launches gptimage1 API for Custom Image Creation Across Industries

Developers can now produce bespoke photos using the gptimage1 multimodal model thanks to OpenAIs sophisticated image production tool, which was made a

Developers can now produce bespoke photos using the gptimage1 multimodal model thanks to OpenAIs sophisticated image production tool, which was made available through its API. Applications in the creative, educational, and ecommerce sectors benefit greatly from this tools support for a variety of styles, custom guidelines, and text rendering. To balance accuracy and speed, developers can modify quality parameters and create many images simultaneously. Through moderation rules and the use of C2PA information to watermark photos, OpenAI guarantees security. For text and graphics, the starting prices are $5 and $10 per million input tokens, respectively. To improve their platforms, businesses like Adobe, Canva, and Figma are already utilising this technology. Read More..

B2B Tech News | 19 hours ago        

Baidu Launches Xinxiang AI Agent Exclusively for Android Devices in China

In a major advancement for mobilefocused AI tools, Baidu has introduced its Xinxiang AI agent, which is only available for Android smartphones in Chin

In a major advancement for mobilefocused AI tools, Baidu has introduced its Xinxiang AI agent, which is only available for Android smartphones in China. More efficiently than traditional chatbots, Xinxiang is made to carry out organised activities like information analysis and trip planning. Regional limitations prevent the app from being published on the Google Play Store, although it is available on platforms such as Tencent Myapp, Huawei AppGallery, and Baidu Mobile Assistant. An iOS version is being considered and will likely be released shortly. With the release of the Ernie X1 reasoningfocused model and the Ernie 4.5 multimodal AI model, Baidu has demonstrated its dedication to utilitydriven AI systems. Read More..

B2B Tech News | 19 hours ago        

Ripple’s xrpl.js Library Hijacked, Exposing Crypto Wallets to Theft.

Because of a stolen NPM account, Ripples xrpl.js JavaScript library was compromised, which is needed to connect with the XRP Ledger. The library was r

Because of a stolen NPM account, Ripples xrpl.js JavaScript library was compromised, which is needed to connect with the XRP Ledger. The library was released with malicious versions that could make users private keys and cryptocurrency wallets vulnerable to theft. Before being deleted, 452 downloads of the impacted versions were made. The XRP Ledger codebase and GitHub repository are still safe, according to Ripple, because the hack happened during the NPM publishing process. To reduce risks, users must update to the clean version 4.2.5 immediately. The significance of strong security measures and flaws in opensource software is brought to light by this incident. Read More..

B2B Tech News | 19 hours ago        

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