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Cosco Shipping launches a new service between the Far East and South America.

A service between the Far East and South America has been launched by Cosco Shipping Holding out of the Hainan Provinces Yangpu International Containe

A service between the Far East and South America has been launched by Cosco Shipping Holding out of the Hainan Provinces Yangpu International Container Terminal. Major Brazilian ports like Itaqui, Santos, Balanagua, Itaboa, Navigentes, and Itajai are also covered by the service. Since the start of the YangpuWest Africa service in September of last year, there are now two intercontinental routes that connect to Yangpu, allowing local cargo from Yangpu to be shipped directly to West Africa. The successful launch of a new service is a move by Cosco Shipping Holding to support the growth of Yangpus international container hub port. It is also a significant indicator of Yangpus capacity expansion and provides a fresh shipping option for trade between the Hainan free trade port and foreign businesses. Read More..

B2B Tech News | 15 hours ago          

Dr. Sean Costigan, an authority on national security, has joined Red Sift as director of cyber policy.

Sean Costigan, an expert in emerging security challenges and a soughtafter speaker on technology and national security, has joined Red Sift. Costigan

Sean Costigan, an expert in emerging security challenges and a soughtafter speaker on technology and national security, has joined Red Sift. Costigan is the NATO cybersecurity curriculum lead and a George C. Marshall Center Professor. The Red Sift Digital Resilience Platform addresses the most critical vulnerabilities across the entire attack surface, including email, domains, brand, and network perimeter. It offers comprehensive coverage of an organizations digital footprint through bestinclass discovery and monitoring, as well as tools to stop phishing and ensure ongoing compliance with email and web security protocols. Read More..

B2B Tech News | 15 hours ago          

The Volkswagen Group expands its operations in North America.

The Volkswagen Group and its battery subsidiary PowerCo have chosen St. Thomas, Ontario, Canada, as the location for Volkswagens first overseas gigafa

The Volkswagen Group and its battery subsidiary PowerCo have chosen St. Thomas, Ontario, Canada, as the location for Volkswagens first overseas gigafactory for cell manufacturing, which will produce sustainable unified cells. Oliver Blume, CEO of Volkswagen Group, and Thomas Schmall, Volkswagen AG Board Member for Technology and Chairman of the Supervisory Board of PowerCo SE, are committed to growing the battery business and creating green economy jobs. Canada provides ideal conditions, such as a local supply of raw materials and access to clean energy. Arno Antlitz, CFO & COO of Volkswagen Group, is driving the introduction of North Americas broadest portfolio of fullelectric vehicles. Read More..

B2B Tech News | 15 hours ago          

Although the worst of Silicon Valley Banks collapse is over, Latin American startups still face obstacles.

The sixteenthlargest bank in the US had to be shut down by US authorities in early March because its investment strategy had failed. Funding for finan

The sixteenthlargest bank in the US had to be shut down by US authorities in early March because its investment strategy had failed. Funding for financial technology fintech companies with headquarters in Latin America and the Caribbean decreased 71%, from a peak of $13.9 billion in 2021 to $4 billion in 2022, according to CB Insight. The third major blow came with the SVB collapse since the bank caters to tech firms. The CEO of the technological business Torre, which receives investment from SpaceX and Apple, Alexander Torrenegra, agrees. He had resources from multiple SVB enterprises, a mortgage, and his own savings. I know friends whose parents lost everything in bank runs in South America, Torrenegra wrote in a tweet. Read More..

B2B Tech News | 15 hours ago          

Sam Schauland is made EVP North America by Lawo.

As part of a bigger initiative by Lawo to increase its presence and customer service in North America, Sam Schauland has been elevated to executive vi

As part of a bigger initiative by Lawo to increase its presence and customer service in North America, Sam Schauland has been elevated to executive vice president North America, where he will be responsible for Lawos business operations in the region. In 2015, Schauland began working with Lawo as a technical manager. In 2017, he was named technical manager for the Americas. In 2019, he was elevated to senior vice president of global operations, where he is in charge of Lawos international team of project managers and engineers, streamlines operations, and spearheads strategic projects. He will answer to Jamie Dunn, Lawos CCO. Read More..

B2B Tech News | 15 hours ago          

Canada is Volkswagens first choice for a battery cell plant outside of Europe.

In an effort to localise the manufacturing of electric vehicles EVs in the region, Volkswagen has decided to locate its first battery cell plant outsi

In an effort to localise the manufacturing of electric vehicles EVs in the region, Volkswagen has decided to locate its first battery cell plant outside of Europe in Canada. St. Thomas, 120 miles northeast of Detroit, will be the location of the factory. Lithium, cobalt, and nickel are among the vital minerals mined in great quantities in Canada. In addition to US climate law requirements that 50% of EV car battery components be produced in North America for vehicles to qualify for tax credits up to $7,500, VW will profit from both Canadian and American subsidies. The Inflation Reduction Act IRA, which permits incentives for automobiles with batteries built with a part of materials sourced from or processed in the US or Canada, also encourages foreign investment. Read More..

B2B Tech News | 3 days ago          

STRACON Group acquires AMECO South America from Fluor.

The AMECO South America business, which includes assets in Chile and Peru, was sold by Fluor Corporation NYSE FLR to STRACON Group. With this deal, th

The AMECO South America business, which includes assets in Chile and Peru, was sold by Fluor Corporation NYSE FLR to STRACON Group. With this deal, the AMECO divestiture has been completed, allowing Fluor to concentrate on its core businesses and capital goals. By using worldclass expertise to address the most difficult problems for its clients, Fluor is creating a better world. With the help of its 40,000 people, it can provide clients all around the world projects that are safe, wellexecuted, and capitalefficient. Fluor is rated 259th among the Fortune 500 businesses and will generate $13.7 billion in revenue in 2022. Visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook, and YouTube for additional information. Read More..

B2B Tech News | 3 days ago          

After SVBs demise, tech startups in Latin America scramble.

Startups in Latin America have limited options for a banking partner after Santa Clara Bank SVB failed. Regulators in the United States have announced

Startups in Latin America have limited options for a banking partner after Santa Clara Bank SVB failed. Regulators in the United States have announced an emergency plan that will allow SVB depositors to access their money, but startups are still without a longterm strategy. But, it might not arrive in time for employees midmonth payments. Roddo, a Mexican rental property startup, was able to transfer its money from SVB to cash accounts with U.S. financial tech companies. Yet, South American companies claim that local banks in the region lack the requisite resources, whereas Chinese businesses are turning to larger American banks or Chinese lenders. Banks in Mexico lack the expertise, resources, and institutional power to promote startups. Read More..

B2B Tech News | 4 days ago          



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