Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Finance Secretary Confirms IMF Negotiations Proposal Expected After 2026 Elections

After its previous $1 billion programme concluded in 2024 with only $870 million disbursed, Uganda is currently negotiating a new Extended Credit Faci

After its previous $1 billion programme concluded in 2024 with only $870 million disbursed, Uganda is currently negotiating a new Extended Credit Facility with the IMF. The proposal would be brought to the IMF Board following Ugandas national elections in early 2026, according to Finance Secretary Ramathan Ggoobi, who acknowledged that negotiations are in progress. In order to manage its growing public debt, which increased 17.8% last year to $29.1 billion, or 52.1% of GDP, the nation is looking for new concessional funding. Due to difficulties with implementation and a lack of outside finance, the previous programme ended. In the face of growing economic constraints and restricted access to affordable finance, Uganda urgently needs international support and fiscal stability, which is reflected in its appeal for renewed IMF assistance. Read More..

B2B Tech News | 1 months ago        

GST Council Slashes Rates on Essentials New 5%, 18%, 40% Slabs Effective Sept 22

With effect from September 22, Indias GST Council has authorised a significant rate revamp that will combine slabs into 5%, 18%, and 40%. According to

With effect from September 22, Indias GST Council has authorised a significant rate revamp that will combine slabs into 5%, 18%, and 40%. According to Finance Minister Nirmala Sitharaman, the GST rate will drop from 12% or 18% to just 5% for commonplace goods like toothpaste, soaps, shampoos, hair oil, and bicycles. Indian breads, paneer, and UHT milk will all be taxfree. Large cars and luxury products would be subject to 40% GST, while household equipment like TVs and refrigerators will be subject to the 18% slab. The goal of the action is to increase consumption and counteract the effects of increased import taxes from the US. Despite the possibility of a ₹47,700 crore income shortfall, the reform was unanimously endorsed by the states. It is anticipated that the restructure will help middleclass customers and streamline compliance. Read More..

B2B Tech News | 1 months ago        

GST Council Approves Faster Export Refunds for Claims Below ₹1,000

The GST Council of India has authorised expedited export reimbursements for claims under ₹1,000, which will help small exporters who use postal and

The GST Council of India has authorised expedited export reimbursements for claims under ₹1,000, which will help small exporters who use postal and courier services. It is anticipated that around 150,000 outstanding shipping bills will be promptly settled. Additionally, riskbased provisional refunds for zerorated supplies to SEZs and approved activities were approved by the Council. Provisional releases will be made for refunds that are blocked under the inverted duty system, particularly in the textile, pharmaceutical, chemical, and fertiliser industries. In the face of growing U.S. tariffs on Indian goods, exporters may get 90% of claims in seven days, relieving liquidity pressures. With effect from November 1, a notification will be sent out listing the companies that are not eligible for temporary reimbursements. Furthermore, more exporters will be able to claim advantages since the location of the recipient will now determine the site of supply for intermediary services. Read More..

B2B Tech News | 1 months ago        

China Doubles Investment in Brazil to $8.5B, Elevates Nation to No. 3 Global Destination

Brazil is now Chinas thirdlargest international investment destination after Chinese investment in the country more than doubled to $8.5 billion in 20

Brazil is now Chinas thirdlargest international investment destination after Chinese investment in the country more than doubled to $8.5 billion in 2024. Energy and infrastructure projects received the majority of the funding, with battery and electric vehicle EV projects also gaining traction. The leading EV manufacturer in China, BYD, is constructing a sizable industrial complex in Bahia, while other businesses are growing their renewable energy and logistics initiatives. Chinas strategic shift towards Latin America in the face of escalating tensions with the West is reflected in the increase. Brazil is a desirable substitute due to its expanding consumer market and solid regulatory framework. According to analysts, the trend may strengthen bilateral relations and change regional supply chains, making Brazil a crucial hub for Chinas international investment plan. Read More..

B2B Tech News | 1 months ago        

Saudi Aramco to Issue DollarDenominated Sukuk, Tapping Global Sharia Demand

Later this month, Saudi Aramco will make its first sale of U.S. dollardenominated Islamic bonds sukuk since 2021. According to sources, the action is

Later this month, Saudi Aramco will make its first sale of U.S. dollardenominated Islamic bonds sukuk since 2021. According to sources, the action is intended to increase global demand for Shariacompliant assets and diversify finance. Among the primary managers are JPMorgan, Citi, and HSBC, and the sukuk will be marketed to foreign investors. Investor demand for premium Gulf issuers was demonstrated by the $6 billion raised and oversubscription of Aramcos most recent sukuk. The new issue is in line with Saudi Arabias larger plan to draw in foreign investment and back the economic changes outlined in Vision 2030. Favourable market circumstances and growing oil revenues may further help timing, putting Aramco in a position to negotiate competitive rates and grow its debt load. Read More..

B2B Tech News | 1 months ago        

Russia and China Sign Landmark Gas Deal to Build Power of Siberia 2 Pipeline

As their geopolitical alignment grows, Russia and China have expanded their energy collaboration by signing a legally binding memorandum to develop th

As their geopolitical alignment grows, Russia and China have expanded their energy collaboration by signing a legally binding memorandum to develop the Power of Siberia 2 gas pipeline via Mongolia. The pipeline will supplement the current Power of Siberia route, which will expand capacity from 38 to 44 billion cubic meters of gas per year, by transporting up to 50 billion cubic meters of gas annually from Russias Yamal fields to China. President Putin complimented his "unprecedented ties" with President Xi Jinping during his visit to China, when the agreement was announced. Pricing is also up for debate, with Russia trying to make up for losses in the European market and China looking for reductions. Despite criticism from the West, trade between the two countries reached $240 billion in 2023, indicating growing economic relations. Read More..

B2B Tech News | 1 months ago        

Anthropic Valuation Doubles to $18.3B After $1.3B Funding Led by Menlo Ventures

After a $1.3 billion investment round led by Menlo Ventures and including participation from previous backers including Google and Salesforce Ventures

After a $1.3 billion investment round led by Menlo Ventures and including participation from previous backers including Google and Salesforce Ventures, Anthropics valuation has risen to $18.3 billion. The funding will expedite enterprise adoption and support the growth of Claude, Anthropics AI helper. The business intends to expand safety research, improve model capabilities, and grow infrastructure. Compared to its prior worth of $7.6 billion earlier in 2025, this is a more than twofold increase. The increase, according to analysts, is an indication that investors trust Anthropics alignmentfocused approach to AI development. In light of the growing need for safe, effective generative AI tools, the financing also puts Anthropic in a stronger position to take on OpenAI, Google DeepMind, and other frontier model labs. Read More..

B2B Tech News | 1 months ago        

OpenAI Acquires Statsig for $1.1B, Appoints Vijaye Raji as CTO of Applications

To improve its application development skills, especially in realworld deployment and experimentation, OpenAI is purchasing product testing startup St

To improve its application development skills, especially in realworld deployment and experimentation, OpenAI is purchasing product testing startup Statsig. The action is a component of OpenAIs larger plan to provide strong, approachable tools and go beyond fundamental models. With Statsigs expertise in feature rollout infrastructure and quick A/B testing, OpenAI will be able to maximise user engagement and product performance. The CEO of Statsig will become CTO of Applications at OpenAI as part of the agreement, managing product engineering and scaling initiatives. The acquisition demonstrates OpenAIs goal to spur applied AI research, particularly in fields like enterprise tools, agentic systems, and ChatGPT. This is seen by analysts as a calculated move towards developing more flexible, datadriven AI solutions for a range of international markets. Read More..

B2B Tech News | 1 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   13720   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   11121   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   11445   

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.
   11282   

5.  Approximately 8 billion gadgets connect on the internet every day.
   14394   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.