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Expanded BRICS Summit in Rio Calls for IMF, UN Reform and Global South Empowerment

In Rio de Janeiro, leaders of the enlarged BRICS group convened for a crucial summit aimed at strengthening the voice of the Global South and modernis

In Rio de Janeiro, leaders of the enlarged BRICS group convened for a crucial summit aimed at strengthening the voice of the Global South and modernising international institutions. BRICS currently accounts for more than half of the worlds population and almost 40% of its GDP, thanks to new members including Indonesia, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates. Lula da Silva, the president of Brazil, stressed the need to oppose protectionism and uphold multilateralism. Climate change was one of the main subjects, and China and the UAE promised to finance Brazils Tropical Forests Forever Facility. Notably, Vladimir Putin and Xi Jinping sent proxies rather than attending in person. Notwithstanding internal differences, the leaders of the BRICS countries reaffirmed their dedication to changing the UN Security Council and IMF to better represent the multipolar world of today. Read More..

B2B Tech News | 3 months ago        

Capgemini Acquires WNS for $3.3B to Lead in Agentic AIPowered Business Services

To grow its AIpowered business services, French company Capgemini has agreed to pay $3.3 billion in cash to purchase business transformation company W

To grow its AIpowered business services, French company Capgemini has agreed to pay $3.3 billion in cash to purchase business transformation company WNS. Excluding financial debt, the deal values WNS at $76.50 per share, which is 17% more than its closing price on July 3. To improve its agentic and generative AI capabilities, Capgemini intends to include WNSs Digital Business Process Services. Revenue and margins are anticipated to increase immediately as a result of the purchase, with EPS growth of 4% in 2026 and 7% in 2027 anticipated. Capgeminis U.S. footprint and crossselling possibilities will be improved by WNS, which serves customers like CocaCola and United Airlines. A larger trend in enterprise transformation towards AIled intelligent operations is reflected in the acquisition. Read More..

B2B Tech News | 3 months ago        

India Warned as U.S.–Vietnam Deal Imposes Flat 20% Tariff, Ends Preferential Access

According to a report by the Global Trade Research Initiative GTRI, India is concerned about a new trade agreement between the United States and Vietn

According to a report by the Global Trade Research Initiative GTRI, India is concerned about a new trade agreement between the United States and Vietnam. The 2000 Bilateral Trade Agreements 2–10% concessional tariffs have been replaced with a flat 20% tariff on all Vietnamese exports to the United States. This would sabotage Vietnams $135 billion export revenue, particularly in furniture, seafood, and textiles. Concerns about WTO compliance are also raised by the deals 40% levy on goods manufactured in nations like China but shipped through Vietnam. As India approaches its own trade agreement with the United States, GTRI encourages Indian negotiators to take a cue from Vietnams experience, especially the dangers of reversing concessions, unclear origin regulations, and sweeping tariffs. Read More..

B2B Tech News | 3 months ago        

Albanese 10% U.S. Tariff Likely to Stay, But Australia Will Keep Pushing for Exemption

The 10% U.S. baseline tax on Australian exports is expected to stay in effect after the July 9 deadline, according to Australian Prime Minister Anthon

The 10% U.S. baseline tax on Australian exports is expected to stay in effect after the July 9 deadline, according to Australian Prime Minister Anthony Albanese. Introduced in April as part of President Trumps reciprocal trade policy, the tax covers a wide range of goods from trading partners in the United States. No nation has a lower rate than 10%, according to Albanese, and although Australia will keep pushing for an exception, the existing rate is still rather advantageous. Tensions in the Middle East forced the cancellation of a scheduled meeting with Trump at the G7 Summit, but Albanese seemed upbeat about future interactions. The administration is still dedicated to negotiating better conditions while keeping close bilateral relations with the United States. Read More..

B2B Tech News | 3 months ago        

From Recession Exit to Rate Pause RBNZ Charts Cautious Path Forward

Reuters polled 27 analysts and found that the Reserve Bank of New Zealand RBNZ would maintain its benchmark cash rate at 3.25% on July 9. Eight big ba

Reuters polled 27 analysts and found that the Reserve Bank of New Zealand RBNZ would maintain its benchmark cash rate at 3.25% on July 9. Eight big banks, including ANZ, ASB, and Westpac, predict a 25 basis point drop, while the majority predict no change. As the economy grew by 0.8% in Q1, the RBNZ has already lowered interest rates by 225 basis points since August. Inside the RBNZs 1–3% target range, inflation slowed to 2.5 percent, but uncertainty still exists. If future inflation data is available, a further 25 basis point decrease is anticipated by September, most likely at the August meeting. It is anticipated that inflation will average 2.5% in 2025, with a median yearend rate prediction of 3.00%. Read More..

B2B Tech News | 3 months ago        

Trump’s ‘One Big Beautiful Bill’ Passes House 218–214, Heads to July 4 Signing

By a slim vote of 218–214, the U.S. House enacted President Trump’s expansive tax and spending plan, known as the “One Big Beautiful Bill." The

By a slim vote of 218–214, the U.S. House enacted President Trump’s expansive tax and spending plan, known as the “One Big Beautiful Bill." The plan increases military and immigration enforcement money, offers new deductions for seniors, overtime, and tips, and makes the 2017 tax cuts permanent. Moreover, it severely reduces Medicaid, SNAP, and clean energy subsidies, which Democrats strongly object to. According to the Congressional Budget Office, it will increase the national debt by $3.4 trillion over the course of the following ten years. Trumps aggressive lobbying helped ensure passage despite internal GOP differences. He will sign the law on July 4 and will portray it as a key component of his secondterm plan and an engine of economic expansion. Read More..

B2B Tech News | 3 months ago        

Bank of Thailand Holds at 1.75% as Roong Flags “Marked Slowdown” Ahead

In light of the growing challenges facing the economy in the second half of 2025, Thailands central bank has underlined the necessity of flexible mone

In light of the growing challenges facing the economy in the second half of 2025, Thailands central bank has underlined the necessity of flexible monetary policy. The Bank of Thailands frontrunner for deputy governor, Roong Mallikamas, pointed to sluggish consumption, high household debt, and possible U.S. tariffs as threats. The bank maintained policy room by keeping its benchmark rate at 1.75% in spite of previous rate reduction. There will be a "marked slowdown" in activity, Roong said, and she would be in favour of more easing if things become worse. Despite Roong downplaying its immediate impact, political uncertainty following the prime ministers suspension adds to the instability. On August 13, policymakers will conduct their next policy review, keeping a careful eye on external shocks, credit quality, and inflation. Read More..

B2B Tech News | 3 months ago        

IMF Warns U.S. Tax Bill Defies Fiscal Discipline, Adds $3.4T to Deficit

Known as the "One Big Beautiful Bill," the U.S. just passed a tax and spending plan that contradicts the IMFs recommendations for fiscal restraint. It

Known as the "One Big Beautiful Bill," the U.S. just passed a tax and spending plan that contradicts the IMFs recommendations for fiscal restraint. It is anticipated that the measure, which adds new benefits and extends the tax cuts from 2017, will increase the deficit by $3.4 trillion over the following ten years. IMF spokeswoman Julie Kozack called for a realistic plan to eliminate chronic deficits and stressed the need for the United States to lower its debttoGDP ratio, which is currently approaching 98%. Even for middleclass taxpayers, the Fund has historically advocated tax increases. The plan will stimulate economy, according to U.S. Treasury Secretary Scott Bessent, who rejected the worries. In its July World Economic Outlook report, the IMF will evaluate its effects. Read More..

B2B Tech News | 3 months ago        



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