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Australia’s Reserve Bank Eyes Further Tightening Despite Household Strain

The Reserve Bank of Australia recognised the present tight monetary policy stance. It emphasised that additional tightening is still an option to redu

The Reserve Bank of Australia recognised the present tight monetary policy stance. It emphasised that additional tightening is still an option to reduce inflation, even though it acknowledges the financial hardship of high interest rates on consumers. Assistant Governor Christopher Kent emphasised that although the current cash rate of 4.35% has put many people in financial difficulty due to higher mortgage payments, it has also moderated demand growth and contributed to lower inflation. Despite inflation rising over its target range, the RBA has recently held off on raising interest rates, indicating a cautious stance in the face of conflicting economic data. Reiterating that the central bank is prepared to address inflation threats, Kent emphasised that future rate changes are subject to change while keeping a close eye on economic trends. Read More..

B2B Tech News | 1 months ago        

Singapore Port Congestion Peaks as Global Shipping Routes Adjust

The longterm vessel rerouting caused by Red Sea assaults, compounding the backlog at Singapores container port, underscores severe delays in internati

The longterm vessel rerouting caused by Red Sea assaults, compounding the backlog at Singapores container port, underscores severe delays in international maritime transportation. Ships that avoid the Red Sea dump more cargo in transhipment centres like Singapore, which leads to extreme traffic jams and delays. Backlogs are occurring in ports throughout Asia and Europe wait times are dramatically rising in essential hubs such as Port Klang, Tanjung Pelepas in Malaysia and Shanghai and Qingdao in China. Due to the congestion, container costs are rising, and there are logistical issues as businesses get ready for the yearend shopping season. The issue highlights persistent areas for improvement in global supply networks and the possibility of more price increases impacting consumers globally despite attempts to reduce congestion by enlarging port facilities. Read More..

B2B Tech News | 1 months ago        

Nvidia Bounces Back Shares Rise 7% Following Recent Market Volatility

Tuesday saw an almost 7% increase in Nvidia shares, reversing a threesession slump that had erased approximately $430 billion from the market capitali

Tuesday saw an almost 7% increase in Nvidia shares, reversing a threesession slump that had erased approximately $430 billion from the market capitalization of the AI chipmaker. The shares split 10for1 on June 10 and ended at $126.09, recovering from a 13% decline on June 18. Tom Hayes from Great Hill Capital explained the increase as a technical recovery following significant losses. With its shares up 154% this year, Nvidia is a major player in the techdriven stock market boom thanks to its status as the top supplier of AI chips. Despite recent worries over valuation, Nvidias market capitalization is still close to $3.1 trillion. With call options outpacing puts and individual investors purchasing the drop, investor sentiment is still optimistic. Read More..

B2B Tech News | 1 months ago        

Toyota Sells $2.04 Billion in Cross Shareholdings, Streamlines Portfolio

In a recent regulatory filing, Toyota revealed that during the fiscal year that concluded in March, it sold crossshareholdings in listed firms for aro

In a recent regulatory filing, Toyota revealed that during the fiscal year that concluded in March, it sold crossshareholdings in listed firms for around $2.04 billion 325.9 billion yen. Due to this action, there are now 124 instead of 141 of these stakes overall. Notably, Toyota gave up all of its holdings in the airlines Japan Airlines 9201.T, ANA Holdings 9202.T, and East Japan Railway 9020.T, none of which had shares in Toyota in return. Because Toyota has such a significant impact on corporate Japan, the market carefully monitors its activities regarding crossshareholdings. The carmakers deliberate selloff of these interests reflects its continuous modifications to its capital management and investment portfolio. Read More..

B2B Tech News | 1 months ago        

Bitcoin Volatility Price Plunges Below $60,000 Amid German Governments Massive BTC Transfer

Bitcoin had a significant decrease recently, momentarily falling below $60,000 following a peak of $70,000 in early June. The decline, which started o

Bitcoin had a significant decrease recently, momentarily falling below $60,000 following a peak of $70,000 in early June. The decline, which started on June 22 and reached a low of $58,580, was caused by events like the German governments large Bitcoin payment and Mt. Goxs declaration that it would be repaying Bitcoin to the 2014 breach victims. Due to selling pressure brought on by the flood of Bitcoin into the market, its price was impacted. But since then, Bitcoin has recovered and is now steady at $61,000. Analysts, like Edul Patel of Mudrex, pointed out that given Bitcoins endurance and support levels near $58,500, the price decline might present a chance for future rallies. Despite recent volatility, the general market attitude is still cautiously positive, and strong technical indications point to sustained investor interest. Read More..

B2B Tech News | 1 months ago        

AT&T CEO Urges Big Tech to Fund Telecom Access Amid Broadband Crisis

John Stankey, the CEO of AT&T, said that the Federal Communications Commission FCC should have the power to require Big Tech companies to make payment

John Stankey, the CEO of AT&T, said that the Federal Communications Commission FCC should have the power to require Big Tech companies to make payments to a government fund that supports internet and telecommunications. Currently, fees levied on landline and cell phone subscribers—a total of around $8 billion annually—are the primary funding source for the Universal Service Fund USF. Stankey maintained that large IT firms, who have prospered from the internet infrastructure, must contribute to providing reasonably priced access to essential services. This request is made in the face of even more urgency since Congress has been discussing ways to increase funding sources for projects promoting fair internet access after a programme that provided subsidies for broadband to 23 million homes ended in May. Read More..

B2B Tech News | 1 months ago        

Paramount Global Raises Paramount+ Prices Amid Financial Stability Push

Paramount Global is raising the cost of its streaming service subscriptions to stabilise its financial situation in the face of unsuccessful merger di

Paramount Global is raising the cost of its streaming service subscriptions to stabilise its financial situation in the face of unsuccessful merger discussions and shifting market conditions. After August 20 for new subscribers and September 20 for current subscribers, the monthly cost of the Paramount+ with Showtime package will increase by $1 to $12.99. For new customers, the Paramount+ Essential membership will cost $7.99 per month instead of $5.99 this will not affect current subscribers. Furthermore, as of September 20, there will be a $1 increase to $7.99 for the restricted Paramount+ commercial option. Following such price changes made earlier this year by rivals, including Comcasts Peacock and Warner Bros. Discoverys Max streaming platform, Paramounts action reflects continued attempts to control expenses and boost income in the face of changing consumer tastes and financial challenges. Read More..

B2B Tech News | 1 months ago        

Indias eRupee Struggles with Public Acceptance, Daily Transactions Plummet

Sources acquainted with the situation claim that the erupee, Indias digital currency, has faced tremendous obstacles in obtaining public acceptability

Sources acquainted with the situation claim that the erupee, Indias digital currency, has faced tremendous obstacles in obtaining public acceptability, with usage falling to barely 10% of its high in December. The erupee was introduced as a test project by the Reserve Bank of India RBI in December 2022 to offer a digital substitute for actual currency. By December 2023, it had reached the first milestone of one million retail transactions daily, partly because of rewards and wage payments made possible by the erupee. However, organic demand has yet to materialise, so daily transactions have decreased to about 100,000. Central bank digital currencies CBDCs are gaining traction worldwide, with several governments conducting trial programmes. However, there are still obstacles to proving they are superior to cash to encourage mass adoption. Read More..

B2B Tech News | 1 months ago        



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