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G20 Finance Chiefs Meet in Durban Amid Tariff Tensions and $800B African Debt Crisis

Leaders of the G20 finance ministers conference in Durban are attempting to strengthen international collaboration in the face of growing geopolitical

Leaders of the G20 finance ministers conference in Durban are attempting to strengthen international collaboration in the face of growing geopolitical division, debt problems, and tariff concerns. Under the first African presidency, South Africa is hosting the summit, which focuses on Global South objectives like climate finance, infrastructure, and multilateral bank reform. Trumps proposed 30% tariffs on EU goods could destroy transatlantic trade, according to German authorities, while South Korea and other countries prepare for similar actions. U.S. Treasury Secretary Scott Bessents absence has sparked questions about Washingtons commitment to multilateralism. Africas external debt has risen to $800 billion, leading to demands for additional aid and transparent lending. Despite disagreements, delegates want to publish a statement outlining common economic objectives. Read More..

B2B Tech News | 3 days ago        

India Negotiates Copper Supply With Chile and Peru Amid Soaring Import Dependency

India is now engaged in free trade agreement FTA negotiations with Chile and Peru to gain longterm access to vital minerals, particularly copper conce

India is now engaged in free trade agreement FTA negotiations with Chile and Peru to gain longterm access to vital minerals, particularly copper concentrate. Over 90% of Indias copper demands are currently satisfied through imports, and by 2047, that percentage is expected to increase to 97%. The goal of the proposed FTAs copperspecific provision is to lessen dependency on China, which controls the worlds supply chain for rare earth magnets and has recently imposed export restrictions. India is also looking into forming alliances with nations like South Korea and Japan for processing technology and offering incentives for domestic magnet manufacture. These initiatives back Indias strategic drive to acquire raw materials essential to the automobile, electronics, and renewable energy industries. Read More..

B2B Tech News | 3 days ago        

Trump Gives Russia 50 Days to End Ukraine War or Face 100% Secondary Tariffs

President Donald Trump has threatened to impose 100% "secondary tariffs" on Russian trading partners unless a peace agreement is reached to end the co

President Donald Trump has threatened to impose 100% "secondary tariffs" on Russian trading partners unless a peace agreement is reached to end the conflict in Ukraine within 50 days. Trump, speaking with NATO Secretary General Mark Rutte, bemoaned Vladimir Putins persistent missile strikes on Kyiv in spite of diplomatic discussions. The tariffs, which are intended to economically isolate Moscow, would be imposed on nations that do business with Russia. In order to strengthen Ukraines defences, Trump simultaneously announced a huge NATO arms sale that included Patriot missile systems and was financed by countries like Germany, Canada, and Sweden. As bipartisan support for even more severe sanctions on Russia and its enablers builds, Trumps approach changes from accommodative to aggressive. Read More..

B2B Tech News | 3 days ago        

Tesla Enters Indian Market With PremiumPriced Model Y—Deliveries Begin Q3 2025

The Model Y, which costs ₹60 lakh $69,766 for the rearwheel drive version and ₹68 lakh $79,000 for the longrange version, has been formally introd

The Model Y, which costs ₹60 lakh $69,766 for the rearwheel drive version and ₹68 lakh $79,000 for the longrange version, has been formally introduced by Tesla in India. With the opening of its first showroom in Mumbai, Tesla finally makes its longawaited debut in the Indian market. Since the cars would be imported, high tariffs and penalties will make them much more expensive than they would be in the US, China, or Germany. With deliveries anticipated to start in Q3 2025, Tesla is aiming to compete with luxury EV manufacturers like MercedesBenz and BMW. Officials alluded to potential future R&D and production opportunities in India, even if local manufacturing is not now envisaged. Read More..

B2B Tech News | 3 days ago        

Apple Invests $500M in MP Materials to Secure U.S. Rare Earth Supply Chain

To bolster its domestic supply chain, Apple has announced a $500 million investment in MP Materials, the owner of the only fully integrated rare earth

To bolster its domestic supply chain, Apple has announced a $500 million investment in MP Materials, the owner of the only fully integrated rare earth mine in the United States. As part of the agreement, Apple will buy rare earth magnets manufactured in the United States from MPs Texas factory, which will provide parts for Apple devices. In order to recycle discarded electronics and industrial garbage, the firms will also construct a new magnet factory in Fort Worth and a recycling facility in Mountain Pass, California. This action supports initiatives to lessen dependency on Chinese rare earths, particularly in light of recent export limitations, and is consistent with Apples larger $500 billion commitment to U.S. investments. Additionally, the collaboration helps Apples objectives in innovation and sustainable production. Read More..

B2B Tech News | 3 days ago        

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 | 4 days 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 | 4 days 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 | 4 days ago        



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