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Indonesia Weighs $100 Million Apple Investment Proposal Amid iPhone 16 Sales Ban

As the tech giant looks to lift its restriction on iPhone 16 sales nationwide, Indonesia is considering a $100 million investment proposal from Apple

As the tech giant looks to lift its restriction on iPhone 16 sales nationwide, Indonesia is considering a $100 million investment proposal from Apple Inc. Apples offer to construct a manufacturing facility for accessories and components to meet Indonesias 40% domestic content standard for smartphones was confirmed by the Ministry of Industry. Following an initial $10 million investment offer from Apple, the meeting is being led by Minister Agus Gumiwang Kartasasmita. Apples failure to fulfil its local investment obligations led to the sales ban on the iPhone 16 and Google Pixel. President Prabowo Subiantos more extensive initiatives to support homegrown sectors by applying pressure to foreign companies are reflected in Indonesias drive for increased local manufacturing. Read More..

B2B Tech News | 17 days ago        

PM Modi Makes Historic Visit to Guyana, Strengthening Indias Ties with Latin America

As the first Indian prime minister to visit Guyana in 56 years, Prime Minister Narendra Modis trip highlights Indias expanding ties with Latin America

As the first Indian prime minister to visit Guyana in 56 years, Prime Minister Narendra Modis trip highlights Indias expanding ties with Latin America. Modi is meeting with Guyanas Indian diaspora, which makes up around 40% of the population, at the second IndiaCARICOM Summit after attending the G20 Summit. Through programs like sending aircraft and giving indigenous populations access to solar lights, Indias relations with Guyana have improved. Guyanas explosive economic expansion, which oil discoveries have driven, presents opportunities for cooperation in infrastructure, technology, and energy. This trip demonstrates Indias growing interest in Latin America, which has witnessed a boom in investment, trade, and strategic alliances, especially under the direction of External Affairs Minister S. Jaishankar. Read More..

B2B Tech News | 17 days ago        

KPMG to Invest $100 Million in AI Services Through Google Cloud Partnership

KPMG said on Wednesday that it will work with Google Cloud to improve its enterprise AI services by investing $100 million over the next four years. M

KPMG said on Wednesday that it will work with Google Cloud to improve its enterprise AI services by investing $100 million over the next four years. Most of the money will be used for internal projects, such as creating AI agents and educating staff members on using AI. As more businesses look to professional services firms for assistance integrating AI, this investment indicates the growing demand for AI services. Over the past two years, KPMGs Google Cloud reservations have increased tenfold, and the company is also growing its AI offerings via a $2 billion partnership with Microsoft. All three of the biggest cloud companies are anticipated to expand together, and Google views alliances with consulting firms as essential to its cloud growth plan. Read More..

B2B Tech News | 17 days ago        

Adani Group Stocks Plunge $28 Billion Following Bribery and Fraud Charges Against Gautam Adani

Following charges of bribery and fraud against the chairman, Gautam Adani, by U.S. authorities, the market value of shares of Adani Group firms droppe

Following charges of bribery and fraud against the chairman, Gautam Adani, by U.S. authorities, the market value of shares of Adani Group firms dropped by around $28 billion. The losses ranged from 9% to 23% for Adani Enterprises and other group equities, such as Adani Ports, Adani Power, and Adani Green. The groups overall market value dropped from $169 billion earlier in the week to about $141 billion. According to the accusations, Adani and his accomplices allegedly paid $265 million in bribes to obtain contracts, including one for the most extensive solar power facility in India. Following earlier claims of stock manipulation and tax haven use by shortseller Hindenburg Research, the disclosure has caused Adani Group bonds to drop precipitously. Read More..

B2B Tech News | 17 days ago        

European Union to Provide €91 Million Loan for Cameroon’s Infrastructure and Foreign Investment Growth

Over the next three years, the European Union EU has committed to lending Cameroon 91 million euros $96 million to help develop the nations infrastruc

Over the next three years, the European Union EU has committed to lending Cameroon 91 million euros $96 million to help develop the nations infrastructure and draw international investment. Road infrastructure, a railway network connecting Cameroon to Chad, and the countrys energy sector will all benefit from the financing. The Ntem River will also be crossed by a bridge linking Equatorial Guinea and Cameroon. This financing is a component of more considerable EU assistance for significant infrastructure projects in Cameroon, a country struggling with deteriorating infrastructure and a separatist insurgency. However, given the pervasive corruption, the EU loan is conditioned on the government managing the funds effectively. Read More..

B2B Tech News | 17 days ago        

Elior’s Adjusted EBITDA Soars 183% in FY2024, Outperforming Analyst Expectations

Elior ELIOR.PA, a French food caterer, exceeded market expectations with an impressive 183% increase in adjusted core profit for the year ended Septem

Elior ELIOR.PA, a French food caterer, exceeded market expectations with an impressive 183% increase in adjusted core profit for the year ended September 2024. Its adjusted EBITDA surpassed analyst projections of 162 million euros, rising from 59 million euros the year before to 167 million $176.84 million. Through strategic restructuring, the business could eliminate contracts that were losing money. For fiscal 2025, Elior projects a 3% to 5% increase in organic revenue, an adjusted EBITDA margin above 3%, and net debt at 3.5 times its core profit. Additionally, the business affirmed its mediumterm goals, indicating sustained success. Read More..

B2B Tech News | 17 days ago        

Paytm Enables UPI Payments at Select Global Destinations, Including UAE, Singapore, and France

The parent firm of Paytm, One97 Communications Limited OCL, declared on 19 November 2024 that its users can now make UPI payments at a few overseas lo

The parent firm of Paytm, One97 Communications Limited OCL, declared on 19 November 2024 that its users can now make UPI payments at a few overseas locations. With this functionality, Indian tourists can use the Paytm app to make cashless purchases in countries like the UAE, Singapore, France, Mauritius, Bhutan, and Nepal that use UPI. When a user scans a UPIenabled QR code overseas, the Paytm app instantly initiates activation. Users must link their bank account to activate UPI International. The service provides transparency on foreign exchange rates and conversion fees and flexibility in usage periods ranging from one to ninety days. This service, which reflects Paytms dedication to innovation in mobile payments, seeks to make foreign travel more convenient and secure. Read More..

B2B Tech News | 17 days ago        

Qualcomm Optimistic About Growth Despite Tariff Concerns Under Incoming Trump Administration

Notwithstanding worries about U.S. tariffs on China, where it gets almost half of its sales, Qualcomm is upbeat about its chances under the new Trump

Notwithstanding worries about U.S. tariffs on China, where it gets almost half of its sales, Qualcomm is upbeat about its chances under the new Trump administration. Citing robust demand for its automotive processors, CEO Cristiano Amon voiced confidence in Qualcomms capacity to compete in China. By anticipating $22 billion from industries including laptops, cars, and IoT over the next five years, the corporation is expanding its sources of income. In addition to aiming for growth in PCs, augmented reality, and industrial IoT, Qualcomm anticipates $8 billion in revenue from automotive chips by 2029. Qualcomm is still committed to longterm growth despite obstacles, such as dwindling business with Apple, and a sizable portion of its revenue still comes from smartphone chips. Read More..

B2B Tech News | 17 days ago        



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