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U.S.China Tariff Cut Marks Major Step in Trade Dispute DeEscalation

With their agreement to reduce tariffs for ninety days, the U.S. and China have significantly deescalated their trade conflict. As a preview of future

With their agreement to reduce tariffs for ninety days, the U.S. and China have significantly deescalated their trade conflict. As a preview of future negotiations with Chinese President Xi Jinping, President Donald Trump praised the agreement as a "total reset." The deal lowers Chinese import duties from 125% to 10% while lowering U.S. duties from 145% to 30%. Global stock markets soared as a result of the move, with the S&P 500 jumping 3.3%. As part of the agreement, China would also stop implementing nontariff countermeasures, like export limits on rare earths. Scott Bessent, the U.S. Treasury Secretary, called the talks "productive," and more talks are anticipated shortly. Read More..

B2B Tech News | 2 days ago        

Nigeria Records Fastest Economic Growth in a Decade, Expanding 4.6% in Q4 2024

Driven by the resurgence of the oil sector and robust tech and finance sectors, Nigerias GDP grew 4.6% year over year in Q4 2024, marking its best gro

Driven by the resurgence of the oil sector and robust tech and finance sectors, Nigerias GDP grew 4.6% year over year in Q4 2024, marking its best growth in a decade. In 2025, the World Bank forecasts 3.6% GDP growth, but cautions that high inflation is still a problem. Reforms implemented by President Bola Tinubu, such as the elimination of fuel subsidies, depreciation of the naira, and power outages, have restored budgetary stability but raised pressures on the expense of living. Over $37 billion in foreign reserves protect Nigeria from outside fluctuations. Helped by increased tax collections and remittances, the budget deficit decreased from 5.4% of GDP in 2023 to 3% of GDP in 2024. Read More..

B2B Tech News | 2 days ago        

India Proposes $7.6 Billion in Retaliatory Tariffs Against U.S. Steel Duties

India has informed the World Trade Organisation WTO of its intention to impose retaliatory tariffs on a set of U.S. imports in response to Washingtons

India has informed the World Trade Organisation WTO of its intention to impose retaliatory tariffs on a set of U.S. imports in response to Washingtons steel and aluminium charges. With an estimated duty collection of $1.91 billion, the move targets $7.6 billion worth of U.S. goods. India decided to halt concessions because it claims that the U.S. safeguard measures are against WTO regulations. India has proposed to cut tariff disparities by twothirds as part of a bilateral trade agreement being negotiated between the two countries. India disputes the U.S.s assertions that its tariffs are motivated by national security concerns. As the WTO considers Indias appeal, trade relations between the two economies may worsen. Read More..

B2B Tech News | 2 days ago        

ChinaLatin America Trade Hits $500 Billion, Marking Historic Growth

In 2024, China’s commerce with Latin America reached a remarkable $500 billion. During the ChinaCELAC Forum summit, President Xi Jinping made the an

In 2024, China’s commerce with Latin America reached a remarkable $500 billion. During the ChinaCELAC Forum summit, President Xi Jinping made the announcement, highlighting Chinas dedication to deepening its economic relations with the area. As a result of growing collaboration, the trade volume has increased dramatically from $12 billion in 2000. In further support of its efforts to internationalise the Chinese currency, China also promised $10 billion in credit lines to finance development projects in Latin America that would be denominated in yuan. The meeting emphasised Chinas strategic initiative to increase infrastructure investments throughout Latin America and broaden its influence in multilateral trade. Read More..

B2B Tech News | 2 days ago        

ECB Retains Past Stimulus Policies Amid Inflation and Financial Losses

Despite criticism of its own policies due to rising inflation and financial losses, the European Central Bank ECB will continue to implement its previ

Despite criticism of its own policies due to rising inflation and financial losses, the European Central Bank ECB will continue to implement its previous stimulus initiatives in its current strategy review. Commencing in March 2025, the review looks at the continued efficacy of instruments including as forward guidance, negative interest rates, and quantitative easing QE. Despite the fact that some policymakers favour restricting bond purchases, the ECB mainly upholds its prior strategy, claiming that stimulus measures were advantageous. The review also acknowledges the volatility in international markets and restates the ECBs 2% inflation target. There was a broad unanimity on the final plan document, despite some governors expressing discontent and expecting for a more critical examination. Read More..

B2B Tech News | 2 days ago        

OpenAI and Microsoft Renegotiate MultibillionDollar Partnership Amid IPO Plans

OpenAI is renegotiating its multibillionpound deal with Microsoft to create space for new capital and a potential initial public offering IPO. Given t

OpenAI is renegotiating its multibillionpound deal with Microsoft to create space for new capital and a potential initial public offering IPO. Given that the tech giant has invested over £13 billion in OpenAI, Microsofts ownership stake has become a significant topic of discussion. If Microsoft wishes to continue utilising OpenAIs AI models until 2030, when their current contract concludes, it may need to relinquish some equity. To facilitate its stock offerings to investors, OpenAI intends to restructure as a forprofit company, akin to Anthropic and xAI. Access to cuttingedge AI technology is ensured by Microsofts commitment to the partnership, even amidst disagreements regarding OpenAIs strategic decisions. Read More..

B2B Tech News | 3 days ago        

Nigeria’s Senate Approves Major Tax Reforms, Raising VAT to 12.5%

An important step towards overhauling fiscal policy has been taken with the passage of four tax reform proposals by Nigerias Senate, aimed at increasi

An important step towards overhauling fiscal policy has been taken with the passage of four tax reform proposals by Nigerias Senate, aimed at increasing government revenue. Despite concerns that these measures might exacerbate financial hardship, they include raising the valueadded tax VAT from 7.5% to 12.5%. Additionally, by reforming the collection of royalty and petroleum profit taxes, the bills establish the Nigeria Revenue Service. Nigeria continues to rely on borrowing to finance its budget, as its taxtoGDP ratio remains low at 10.8%. Before being forwarded to President Bola Tinubu for final approval, the Senates passage must be harmonised with that of the House of Representatives. Read More..

B2B Tech News | 3 days ago        

India and EU Advance FTA Talks, Targeting Swift Pact Conclusion

In a bid to swiftly complete the first phase of the agreement, India and the European Union EU have initiated the eleventh round of Free Trade Agreeme

In a bid to swiftly complete the first phase of the agreement, India and the European Union EU have initiated the eleventh round of Free Trade Agreement FTA negotiations. Given the uncertainty surrounding global trade, both parties have opted for a twophase approach, aiming to conclude negotiations by 16 May, focusing on market access, services, investment, and government procurement. India seeks zero tariffs on labourintensive goods, whereas the EU is advocating for duty reductions on cars, medical items, wines, and spirits. To expedite discussions, Commerce Minister Piyush Goyal recently met with EU officials in Brussels. If finalised, the agreement could boost Indian exports of textiles, steel, and pharmaceuticals. Read More..

B2B Tech News | 3 days ago        



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