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U.S. Bond Giant PIMCO Warns of Rising Recession Risks Amid Trade Uncertainty

Owing to high tariffs and economic uncertainty, U.S. bond giant PIMCO has issued a warning that the country faces its highest risk of recession in yea

Owing to high tariffs and economic uncertainty, U.S. bond giant PIMCO has issued a warning that the country faces its highest risk of recession in years. Investors are underestimating the impact of President Donald Trumps trade policies, according to Investment Chief Dan Ivascyn, who noted that the likelihood of a recession is at its most elevated level in several years. This warning coincides with the United States implementation of significant import levies and ongoing trade conflicts, particularly with China and Canada. Analysts suggest that bond markets may become increasingly volatile as investors adjust their holdings in response to heightened economic concerns. Read More..

B2B Tech News | 24 days ago        

Trump to Announce Major U.S.UK Trade Deal Amid Ongoing Tariff Disputes

The announcement of a significant trade agreement with a "large and highly respected nation" is the focus of a news conference that former U.S. Presid

The announcement of a significant trade agreement with a "large and highly respected nation" is the focus of a news conference that former U.S. President Donald Trump has scheduled for Thursday at 10 a.m. EDT in the Oval Office. Following recent trade discussions, Trump has not disclosed the partner country, although speculation suggests it may be the UK. Amid extensive U.S. tariffs—including 25% tariffs on steel, aluminium, and automobiles, as well as 145% penalties on Chinese imports—the announcement was made. Trumps protectionist trade policies have been bolstered by his insinuations that this agreement will be the first of many. Read More..

B2B Tech News | 24 days ago        

Kenya’s 2025/26 Budget Avoids Tax Hikes After Protests Against Revenue Measures

Following last years tragic protests against revenuegenerating initiatives, Kenyas budget projections for 2025–2026 omit any new tax increases. Inst

Following last years tragic protests against revenuegenerating initiatives, Kenyas budget projections for 2025–2026 omit any new tax increases. Instead, the government, under the leadership of Finance Minister John Mbadi, has focused on enhancing tax administration and addressing loopholes to improve collection efficiency. With a 4.5% GDP deficit and a total expenditure of 4 trillion shillings, the budget aims to generate an additional 25–30 billion shillings. A controversial proposal, which critics argue infringes on privacy rights, grants the tax authority access to financial data to combat tax evasion. This initiative reflects Kenyas attempts to maintain budgetary stability while preventing public discontent over taxation. Read More..

B2B Tech News | 24 days ago        

Australia’s ANZ Group Reports Flat Earnings Amid Global Trade Disruptions

Market realignment and alterations in international commerce were identified by Australias ANZ Group as the primary reasons for its stagnant firsthalf

Market realignment and alterations in international commerce were identified by Australias ANZ Group as the primary reasons for its stagnant firsthalf earnings. Trade flows are disrupted, necessitating companies to adjust their strategies and reallocate funds, according to outgoing CEO Shayne Elliott. ANZs cash profit stood at A$3.57 billion, slightly exceeding expectations but affected by intense competition in home loans. The restructuring of home loans led to a 48% surge in gross impaired assets, while the banks net interest margin remained steady at 1.56%. With the A$4.5 billion acquisition of Suncorp Bank, ANZ also bolstered its institutional lending. Rather than declining, Elliott emphasised that global economic activity will reorganise, positioning ANZ for longterm resilience. Read More..

B2B Tech News | 24 days ago        

China’s Alibaba Partners with RedNote to Revolutionize ApptoApp Shopping

Chinas ecommerce rivalry has intensified due to Alibabas partnership with RedNote Xiaohongshu to implement apptoapp purchasing, allowing users to buy

Chinas ecommerce rivalry has intensified due to Alibabas partnership with RedNote Xiaohongshu to implement apptoapp purchasing, allowing users to buy directly from Taobao. By competing with Meituan and JD.com, which dominate onehour delivery services, this move strengthens Alibabas instant retail strategy. The collaboration utilises RedNotes social commerce network to enhance conversions and focuses on fastmoving consumer goods and healthcare products. Alibaba aims to streamline the buying process by reducing barriers to transactions and product discovery. Experts view this as a strategic challenge to ByteDances TikTok Shopping, highlighting the competition for seamless AIpowered commerce. Alibabas foray into socially integrated purchasing could transform digital retail strategies globally as Chinas ecommerce giants converge. Read More..

B2B Tech News | 24 days ago        

Indian Rupee Drops to ₹84.66 as India’s Military Action Heightens Market Volatility

As a result of Indias Operation Sindoor, which targets terrorist camps in Pakistan and PakistanOccupied Kashmir, the value of the Indian rupee has dro

As a result of Indias Operation Sindoor, which targets terrorist camps in Pakistan and PakistanOccupied Kashmir, the value of the Indian rupee has dropped by 31 paise, to 84.66. In retaliation for the Pahalgam incident, nine terror targets were struck, including the Muridke facility of LashkareTaiba and the Bahawalpur base of JaisheMohammad. According to forex specialists, speculative dollar buying has been prompted by increased market volatility due to geopolitical tensions. It is anticipated that the Reserve Bank of India RBI may step in to keep the rupee stable, and foreign institutional investors FIIs may modify their equities holdings in response to new information. Read More..

B2B Tech News | 25 days ago        

Trump Signals U.S.China Trade Talks Amid Beijing’s Economic Slowdown

Former US President Donald Trump hinted at possible discussions to resolve current tariff tensions when he stated that China is willing to negotiate a

Former US President Donald Trump hinted at possible discussions to resolve current tariff tensions when he stated that China is willing to negotiate a trade agreement. Trump emphasised that the United States and China will meet at the "appropriate time," implying that the timing of the talks might be carefully considered to optimise economic benefits. Additionally, he hinted at potential renegotiations of the USMCA, suggesting more significant changes to trade policy. The comments coincide with Chinas economic downturn, during which Beijing is reportedly seeking to lower tariffs to stabilise exports. Read More..

B2B Tech News | 25 days ago        

Gold Fields Acquires Gold Road for $2.4 Billion Amid Gold Price Surge

The Gruyere gold mine in Western Australia will now be owned by South Africas Gold Fields after the two countries agreed to pay $2.4 billion to acquir

The Gruyere gold mine in Western Australia will now be owned by South Africas Gold Fields after the two countries agreed to pay $2.4 billion to acquire Australias Gold Road Resources. Finalised after Gold Road turned down a previous approach, the deal offers a 43% premium to the companys March closing price, valuing it at A$3.7 billion. The purchase coincides with recordhigh gold prices—above $3,000 per troy ounce—which are driving a surge in mergers in the gold industry. CEO of Gold Fields Mike Fraser highlighted the strategic advantages, pointing to increased production potential and land availability. The business will reinforce its worldwide mining portfolio by financing the acquisition using bridge finance and robust cash flow. Read More..

B2B Tech News | 25 days ago        



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