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Ant Group Explores Alipay+ Expansion to Indonesia for CrossBorder Payments

According to Peng Yang, CEO of Ant Groups international business group, the company is in talks with Indonesia to launch its Alipay+ crossborder payme

According to Peng Yang, CEO of Ant Groups international business group, the company is in talks with Indonesia to launch its Alipay+ crossborder payment service. Launched in 2020, Alipay+ enables transactions in foreign markets utilising local ewallets, facilitating crossborder payments for global merchants and ewallet users. Yang stated that the business hopes to begin this year and would work with Indonesias central bank to provide operational guidelines. With the approval of both parties, Ant Group, which is associated with Alibaba Group, aims to increase the size of its financial services presence in Indonesia. Read More..

B2B Tech News | 1 days ago        

Nigerias Daily Crude Oil Production Falls to 1.2 Million Barrels in March

OPEC data shows that Nigerias average daily crude oil output fell to 1.2 million barrels in March from 1.3 million in February. Given that the nation

OPEC data shows that Nigerias average daily crude oil output fell to 1.2 million barrels in March from 1.3 million in February. Given that the nation wants to produce 1.7 million barrels per day, including condensate, by 2024, this decline presents serious obstacles. A significant amount of Nigerias projected income is at risk because of the output deficit related to theft, vandalism, and repair activities. The 2024 budget places a heavy emphasis on oil sales, which is why there is a growing need to diversify sources of revenue. Isaac Botti emphasizes bringing back underutilized industries like manufacturing and agriculture, which have historically been important to Nigerias economy. Heineken Lokpobiri, Minister of State for Petroleum Resources, guarantees prompt corrective action to solve production problems. Read More..

B2B Tech News | 1 days ago        

Wipro Shares Surge 2.4% on Strong FourthQuarter Results

Following its fourthquarter results, which exceeded analysts forecasts and raised confidence in the leadership of new CEO Srinivas Pallia, Wipros shar

Following its fourthquarter results, which exceeded analysts forecasts and raised confidence in the leadership of new CEO Srinivas Pallia, Wipros shares increased by 2.4%. At 1.8% higher, the company is now leading the advances on the Nifty IT index. Despite this rise, Wipros shares have decreased by 4% this year, which contrasts with the performance of its bigger competitors, TCS and Infosys. Pallia stresses expansion above all else in the face of difficulties facing the Indian IT industry. Analysts predict Pallia will improve deal wins and expand on organisational simplicity. Nevertheless, several analysts have reduced Wipros target price in the wake of the findings, and some have even downgraded the company, indicating a cautious attitude despite the encouraging outcomes. Read More..

B2B Tech News | 1 days ago        

Malaysia Unveils Plans for Southeast Asias Largest Integrated Circuit Design Park

Malaysia has revealed plans to create Southeast Asias largest integrated circuit design park to lure international IT businesses, complete with tax ex

Malaysia has revealed plans to create Southeast Asias largest integrated circuit design park to lure international IT businesses, complete with tax exemptions and subsidies. Prioritising Kuala Lumpur as a digital centre for the area, Malaysia hopes to rise in the global startup ecosystem index by 2030. Prime Minister Anwar Ibrahim emphasises the transition in the semiconductor sector from assembly and testing to highvalue frontend design work. With funding from the state of Selangor, the park will work with multinational behemoths like Arm Holdings. To further encourage job creation and entrepreneurial potential, Khazanah Nasional will also create a fund to invest in Malaysian businesses. Incentives such as reduced tax rates and subsidised office premises are also intended to entice global venture capital firms and digital unicorns. Read More..

B2B Tech News | 1 days ago        

China Forgives Zimbabwes Loans, Pledges Debt Assistance Amid Economic Crisis

China has promised to help Zimbabwe resolve its financial issue and has forgiven unspecified amounts of the countrys interestfree loans. Ambassador Zh

China has promised to help Zimbabwe resolve its financial issue and has forgiven unspecified amounts of the countrys interestfree loans. Ambassador Zhou Ding underlined Chinas determination to resolve Zimbabwes debt problems, given that the nation is struggling with an astounding $17.7 billion in publicly guaranteed debt, most of which is owing to foreign parties, most notably China. Critics warn that Beijing is gaining political power while the US is losing ground in Africa due to Chinas efforts, which might prolong the debt trap. Reintroducing its currency for the third time in ten years, Zimbabwe, beset by severe drought and mounting debt, hopes to ease the financial load on its people as sufferings mount. Read More..

B2B Tech News | 1 days ago        

Macquarie Bank Fined A$10 Million for Allowing Unauthorized Fee Transactions

The Federal Court of Australia fined Macquarie Bank A$10 million $6.4 million for failing to stop third parties from making unauthorized fee transacti

The Federal Court of Australia fined Macquarie Bank A$10 million $6.4 million for failing to stop third parties from making unauthorized fee transactions on its customers accounts. Macquarie granted different authorization levels to other parties, such as financial advisors. From May 2016 to January 2020, the bank did not check if transactions were for fees, even though it offered a platform for bulk transacting. Due to this oversight, financial advisor Ross Hopkins could stealthily take around A$2.9 million from his customers accounts without being caught. The banks parent business, Macquarie Group, committed to paying the penalties and compensating the impacted clients. ASIC Chair Joe Longo emphasized that the fraudulent actions resulted from Macquaries violation of statutory responsibilities. Read More..

B2B Tech News | 1 days ago        

Infosys Shares Drop 2.9% on Disappointing Annual Revenue Outlook

Shares of Infosys fell as much as 2.9% after the firm predicted yearly revenue lower than anticipated, raising concerns about the early prospects for

Shares of Infosys fell as much as 2.9% after the firm predicted yearly revenue lower than anticipated, raising concerns about the early prospects for the industrys revival. With a fall of 8% this year, Infosys has seen the worst performance among big Indian IT corporations. As of 0919 a.m. IST, it was trading at 1,390 rupees, its lowest level since November 2023. The Nifty IT services index fell 5.7%, whereas Tata Consultancy Services increased 2.3%. Infosyss Q4 results and outlook disappointed analysts, who raised worries about reduced demand, business leakages, and stagnant sectors. Due to concerns with growth predictability, some analysts lowered their target price for Infosys, which led to downgrades in outlooks for the companys next two fiscal years. Read More..

B2B Tech News | 1 days ago        

Bitcoin Plummets Below $60,000 as Israeli Missile Strike on Iran Spurs Market Jitters

On Friday, cryptocurrencies saw sharp decreases amid predictions of an Israeli missile strike on Iran, bitcoin fell below $60,000. Bitcoin dropped mor

On Friday, cryptocurrencies saw sharp decreases amid predictions of an Israeli missile strike on Iran, bitcoin fell below $60,000. Bitcoin dropped more than 5.5% to $59,961, while Ether dropped as well, going from $3,050 to $2,895. According to reports, Israel launched the airstrike in retaliation for an Iranian drone strike. After rising on the news, safehaven assets such as Treasuries, gold, and oil eventually fell from their highs. As investors waited for further information and evaluated the possibility of reprisal, the market attitude changed to flight to safety. Just hours before its "halving" incident, Bitcoin rebounded to $62,300, down 2% for the day. Read More..

B2B Tech News | 1 days ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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