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Bain Capital to Exit China’s Data Center Market Amid Global Investment Shift

Bain Capital, which is likely worth over $4 billion, is preparing to sell its data centre business in China. In recent months, the firm has engaged fi

Bain Capital, which is likely worth over $4 billion, is preparing to sell its data centre business in China. In recent months, the firm has engaged financial advisers and held initial discussions with potential buyers. Previously part of Chindata Group, which Bain Capital acquired in 2023 for $3.16 billion, the company is now operating under the WinTriX DC Group name. This transaction comes at a time when valuations in the data centre industry are increasing due to the demand for cloud computing and the growth of AI. Analysts suggest that as Chinas hyperscale data centre expansion slows, Bain Capital is shifting its focus to overseas ventures. Read More..

B2B Tech News | 25 days ago        

Germany’s Commerzbank Reports 12% Profit Growth Amid Italy’s UniCredit Takeover Speculation

In the first quarter of 2025, Commerzbank from Germany reported a 12% increase in net profit, surpassing analyst projections of €698 million to achi

In the first quarter of 2025, Commerzbank from Germany reported a 12% increase in net profit, surpassing analyst projections of €698 million to achieve €834 million £936 million. While Commerzbank fends off a potential takeover attempt by Italys UniCredit, the company revealed strong results. Increased interest income and cost reductions bolstered the banks performance, supporting its independent expansion plan. Amidst European banking consolidation efforts, the results illustrate Commerzbanks resilience in a fiercely competitive industry. Read More..

B2B Tech News | 25 days ago        

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 | 26 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 | 26 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 | 26 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 | 26 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 | 26 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 | 27 days ago        



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Refresh Your Facts

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