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South African Car Exports to U.S. Plunge Over 80% as Trump Tariffs Hit Hard

South African auto shipments to the United States fell more than 80% in April and May 2025 as a result of President Donald Trumps hefty 25–30% tarif

South African auto shipments to the United States fell more than 80% in April and May 2025 as a result of President Donald Trumps hefty 25–30% tariffs. Under AGOA, dutyfree access was formerly provided by the United States, South Africas secondlargest trading partner. However, the automobile industry has been severely damaged by the new tariffs, which are a component of Trumps larger trade assault. With thousands of jobs at stake and communities like East London on the verge of economic collapse, industry group Naamsa issued a socioeconomic crisis warning. Other OEMs, like MercedesBenz, might reduce production or reevaluate their upcoming expenditures. Although negotiations are still stuck, South Africa has suggested a dutyfree quota of 40,000 automobiles. Although experts agree it wont happen overnight, export diversification is encouraged. Read More..

B2B Tech News | 7 hours ago        

Flipkart Rewards Staff With $50M Stock Buyback as IPO Valuation Targets $70B

With distributions planned for August 2025, Flipkart has launched a $50 million employee stock buyback that will enable between 7,000 and 7,500 worker

With distributions planned for August 2025, Flipkart has launched a $50 million employee stock buyback that will enable between 7,000 and 7,500 workers to sell up to 5% of their vested ESOPs at a price of $174.32 per share. Aiming for a valuation of $60–70 billion, Flipkart is scheduled to go public in 12–15 months. CEO Kalyan Krishnamurthy highlighted the businesss impressive ecommerce and rapid commerce results, and he alluded to the possibility of another liquidity event in early 2026 provided certain objectives are fulfilled. Currently worth $36 billion, Flipkart is also moving its parent firm from Singapore to India. Flipkarts goal to retain talent, reward contributions, and raise morale in the face of growing competition from Amazon and other quickcommerce companies is reflected in the repurchase. Read More..

B2B Tech News | 7 hours ago        

India and U.S. Target $500B Trade by 2030 Amid WTO Clashes Over Tariffs and Market Access

A complex trade relationship characterised by dualtrack diplomacy is being navigated by the United States and India. The two countries are at odds bef

A complex trade relationship characterised by dualtrack diplomacy is being navigated by the United States and India. The two countries are at odds before the WTO in Geneva while negotiators meet in Washington to finalise an interim trade agreement that aims to increase bilateral commerce by $500 billion by 2030. U.S. access to Indias dairy and agricultural industries is a contentious topic, as India opposes it because of domestic sensitivities. India is also defending its dairy import certification standards and contesting U.S. steel and auto parts levies. India will not accept deals under duress to meet deadlines, stressed Commerce Minister Piyush Goyal. Indias changing trade posture is reflected in this strategic duality cooperation in Washington and assertion in Geneva, while remaining unyielding to national interests. Read More..

B2B Tech News | 7 hours ago        

Musk Rules Out Tesla–xAI Merger, But Shareholders Will Vote on Investment

Despite mounting rumours, Elon Musk has openly denied a merger between Tesla and xAI, his AI business that created the Grok chatbot. Musk merely repli

Despite mounting rumours, Elon Musk has openly denied a merger between Tesla and xAI, his AI business that created the Grok chatbot. Musk merely replied "No" to the suggestion of combining the two businesses in response to a user post on X. "Its not up to me," he said, confirming intentions to hold a vote among Tesla shareholders regarding the EV giants decision to invest in xAI. SpaceX has committed $2 billion to the business, which is seeking capital at a valuation of up to $200 billion as it integrates Grok into Tesla vehicles. Musk continues to balance leadership among SpaceX, xAI, Tesla, and X, indicating a preference for cooperation over consolidation. Read More..

B2B Tech News | 7 hours ago        

EU, South Korea Race to Seal U.S. Trade Deals Before August 1 Tariff Deadline

In order to avert the imposition of high tariffs that are scheduled to take effect on August 1, 2025, the European Union and South Korea are negotiati

In order to avert the imposition of high tariffs that are scheduled to take effect on August 1, 2025, the European Union and South Korea are negotiating trade agreements with the United States rapidly. As tensions over international trade rise, President Donald Trump has proposed a 25% tariff on South Korean exports and a 30% duty on the majority of imports from the EU and Mexico. While Yeo Hankoo, the trade minister of South Korea, indicated a willingness to agricultural concessions, EU Trade Commissioner Maros Sefcovic cautioned that such levies might severely harm transatlantic activity. Should negotiations fail, Italy has planned €21 billion in punitive levies. Market responses have been subdued, but sectors like spirits and cars are preparing for the effect. Both areas want to avert economic disruption by reaching inprinciple agreements prior to the deadline. Read More..

B2B Tech News | 7 hours ago        

AWS to Launch AI Agent Marketplace With Anthropic, Challenging Google and Microsoft

Anthropic and Amazon Web Services AWS will collaborate to launch the AI Agent Marketplace on July 15 at the AWS Summit in New York, posing a threat to

Anthropic and Amazon Web Services AWS will collaborate to launch the AI Agent Marketplace on July 15 at the AWS Summit in New York, posing a threat to Microsoft and Google in the enterprise AI market. Startups can list and sell autonomous AI agents—tools that handle customer support, scheduling, and report writing—in the marketplace. Adoption can be facilitated by enterprises using a single interface to discover and deploy agents. Anthropic will use its Claudebased agents, extending its reach by utilising AWSs extensive client base. Similarly to SaaS app shops, AWS will receive a tiny revenue cut. The action is intended to lessen agent ecosystem fragmentation and boost the anticipated $50.3 billion AI agent industry by 2030. Read More..

B2B Tech News | 7 hours ago        

Meta Acquires PlayAI to Power VoiceFirst AI Across Smart Glasses, Headsets, and Assistants

To bolster its AI portfolio, Meta purchased PlayAI, a voice AI business that specialises in voice cloning and humanlike speech synthesis. Under Johan

To bolster its AI portfolio, Meta purchased PlayAI, a voice AI business that specialises in voice cloning and humanlike speech synthesis. Under Johan Schalkwyk, a former Sesame AI employee, the whole PlayAI team will join Meta and work on initiatives including wearables, AI characters, Meta AI, and audio content production. This acquisition comes after Meta invested $14.3 billion in Scale AI, whose CEO, Alexandr Wang, is now in charge of Metas Superintelligence Labs. Realtime, emotionally charged voice production is made possible by PlayAIs technology, and it may power upcoming Meta devices like Quest headsets and RayBan smart glasses. As it competes for top talent and seeks to spearhead the next wave of AIdriven user experiences, the deal highlights Metas aggressive push towards voicefirst AI interfaces. Read More..

B2B Tech News | 7 hours ago        

Google Confirms ChromeOS–Android Merger to Build Unified CrossDevice Platform

The goal of Googles formal announcement is to create a single operating system that would work seamlessly on laptops, tablets, and phones by combining

The goal of Googles formal announcement is to create a single operating system that would work seamlessly on laptops, tablets, and phones by combining ChromeOS with Android. Similar to Apples integrated ecosystem, Sameer Samat, President of the Android Ecosystem, said the integration will improve productivity and expedite development. With ChromeOS now built on the Android stack, app compatibility will increase and fragmentation will decrease. With a single toolchain for developers, users may anticipate an enhanced multiwindow user interface, support for external displays, and Linux app integration. According to sources, a Pixel Laptop prototype running desktop Android may further solidify Androids dominance in the market for largescreen devices. Even though the distribution can take years, this is a significant change in Googles platform strategy. Read More..

B2B Tech News | 7 hours ago        

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