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EU Commits Over $1 Billion in Financial Aid to Egypt to Bolster Economy

On Friday, the European Union declared its intention to provide Egypt with more than $1 billion in immediate financial assistance to boost its economy

On Friday, the European Union declared its intention to provide Egypt with more than $1 billion in immediate financial assistance to boost its economy. This support is a component of a more comprehensive credit package worth 5 billion euros, of which 4 billion euros are anticipated to be given between 2024 and 2027. The assistance deals with Egypts budgetary issues, in which regional wars and adverse economic effects have worsened. However, for Egypt to get help, the EU underlined that it had to show progress in maintaining democratic values, including multiparty systems, the rule of law, and human rights. Egypt won help from the International Monetary Fund last month to strengthen collaboration and handle migratory difficulties in North Africa. It signed a separate $8 billion agreement with the EU. Read More..

B2B Tech News | 2 days ago        

Ryanair Under Investigation by Italian Regulator for Alleged Market Dominance Abuse

According to the publication Il Messaggero, Ryanair is the subject of an investigation by the Italian competition regulator into claims that it has ab

According to the publication Il Messaggero, Ryanair is the subject of an investigation by the Italian competition regulator into claims that it has abused its dominating position in the airline industry in Italy. The investigation examines whether Ryanairs practices hurt passengers, airlines, and other travel firms. There have been allegations that Ryanair prevented tour operators from accessing its deals and discounts on its website, which might have increased customer costs. Ryanair has justified its actions by pointing to an earlier Milan Court of Appeal decision that found its business strategy reasonable and advantageous for customers. Within eight days, the airline will have a chance to comment on the antitrust ruling. Ryanair and Italian authorities have already fought, with the government imposing price caps on flights to Sicily and Sardinia, a move Ryanair contested as illegal. Read More..

B2B Tech News | 2 days ago        

Apple in Talks with Murugappa Group and Titan Company for iPhone Camera Module Production

According to The Economic Times, Apple is getting close to concluding talks with the Murugappa Group and Titan Company of the Tata Group to assemble a

According to The Economic Times, Apple is getting close to concluding talks with the Murugappa Group and Titan Company of the Tata Group to assemble and produce subcomponents for iPhone camera modules. This action represents Apples attempts to broaden its ecosystem of suppliers beyond China, possibly leading to a greater dependence on Indian vendors. This collaboration is a big step forward because there arent any Indian vendors of Apples iPhone camera components. Titan and Murugappa organisations are excellent partners since they have great highprecision manufacturing skills. Additionally, Apple could cut costs and become less dependent on Chinese suppliers by using local sourcing, aligning with its efforts to manufacture in India through the productionlinked incentive programme. Read More..

B2B Tech News | 2 days ago        

Microsoft to Invest $1.5 Billion in UAEs G42, NYT Reports

According to the New York Times, Microsoft plans to spend $1.5 billion on G42, an artificial intelligence startup in the United Arab Emirates UAE. Chi

According to the New York Times, Microsoft plans to spend $1.5 billion on G42, an artificial intelligence startup in the United Arab Emirates UAE. Chinese hardware was removed due to G42s withdrawal from Chinese interests, which aligns with American concerns. G42 will meet U.S. government regulations by utilising Microsofts cloud services and adhering to a security agreement through the cooperation. G42 also gets access to Microsofts AIenabled chips and services. The deal requires G42 to remove Chinese equipment from operations and guarantees safeguards for joint AI technologies. Brad Smith, President of Microsoft, will join the G42 board, highlighting the significance of entrusting critical technologies to a reputable U.S. organisation. Read More..

B2B Tech News | 2 days ago        

Baidus Ernie Bot Surpasses 200 Million Users, CEO Robin Li Announces

At the AI Create conference, Baidus CEO Robin Li said that the ChatGPTlike Ernie bot now has over 200 million users. Li revealed plans for an addition

At the AI Create conference, Baidus CEO Robin Li said that the ChatGPTlike Ernie bot now has over 200 million users. Li revealed plans for an additional AI creation contest with a $50,000 $7,000,000 prize of 50 million yuan. Baidu is showcasing new tools, including ModelBuilder and AgentBuilder, in an effort to make AI integration easier for both noncoders and engineers. Since its public introduction, Ernie—which is based on Baidus Ernie language model—has grown in popularity, with more than 26,000 enterprises using it every month. Despite obstacles to global AI development, such as shortages of chips, Baidu is nevertheless upbeat about AIs potential to generate money and projects significant growth by 2024. Read More..

B2B Tech News | 2 days ago        

UK GDP Grows by 0.1% in February, Offering Hope of Recession Recovery

The UKs GDP expanded by 0.1% in February, making it two months of growth and boosting prospects for an economic recovery. The Office for National Stat

The UKs GDP expanded by 0.1% in February, making it two months of growth and boosting prospects for an economic recovery. The Office for National Statistics also revised the January growth rate to 0.3%. Even with the slow growth, the data points to the potential for an economic recovery, especially given the slowing inflation rate and the impending decline in home energy costs. Growth was driven mainly by production, with a slight increase in services output. On the other hand, bad weather caused a decrease in the production of construction. According to Chancellor Jeremy Hunt, the data is encouraging and lessens the pressure on the Bank of England to decrease interest rates, which are currently anticipated to happen in June. This bullish prediction indicates the possibility of a gentle landing in the war against inflation without a protracted recession. Read More..

B2B Tech News | 2 days ago        

New Study Shows Surge in Global Coal Power Capacity, Led by China

According to a recent study, there is a global increase in coal power capacity, with China leading the rise and forecasts for the future. According to

According to a recent study, there is a global increase in coal power capacity, with China leading the rise and forecasts for the future. According to Global Energy Monitor, there has been a 2% rise in capacity over the previous year, with twothirds of that growth coming from China alone. China has pledged to restrict its coal usage. Still, it started building a sizable amount of new coalpower capacity last year. Experts, however, think China can still reach its climate commitments if it acts quickly. The research emphasises how urgent it is for nations to fasttrack coal plant closures to meet the objectives of the Paris Agreement. Coal remains an essential energy source, even if the worlds potential for renewable energy expands, especially in Chinas manufacturingdriven economy. Read More..

B2B Tech News | 2 days ago        

Salesforce in Advanced Talks to Acquire Informatica, Sources Say

A person familiar with the situation said that Salesforce and Informatica are apparently in advanced talks about being acquired by Salesforce. Its pre

A person familiar with the situation said that Salesforce and Informatica are apparently in advanced talks about being acquired by Salesforce. Its predicted that the prospective acquisition, which may be disclosed soon, will be less than Informaticas current share price of $38.48. Founded in 1993, Informatica provides cloudbased data management services to clients such as Deloitte and Unilever. With an almost 43% increase in share value this year, the corporation is now valued at about $11.35 billion. Should the purchase go through, it would be Salesforces most significant transaction since the company paid roughly $28 billion to acquire Slack Technologies in 2020. With Salesforce looking to enhance its portfolio in the face of heightened competition and shifting market dynamics, this move indicates the rising trend of dealmaking in the technology sector. Read More..

B2B Tech News | 2 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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