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Eaton Acquires Fibrebond for $1.4B to Expand Data Center Business

Eaton has announced that it will acquire Fibrebond Corporation for $1.4 billion to increase its market share in the data centre industry. Eaton is exp

Eaton has announced that it will acquire Fibrebond Corporation for $1.4 billion to increase its market share in the data centre industry. Eaton is expanding its electrical equipment capabilities in response to the growing need for AIdriven data centres. Louisianabased Fibrebond specialises in designing and constructing power enclosures for data centres, industrial facilities, utilities, and communications firms for a quicker and more economical deployment. In 2025, Eaton projects that Fibrebond will make $110 million in adjusted core profit. The purchase comes after NordicEPOD, Eatons recent European expansion. The purchase, which is scheduled to be finalised in Q3 2025, is anticipated to have no impact on Eatons annual earnings per share. Read More..

B2B Tech News | 23 days ago        

Synapsia, Bold Technologies Sign $2.5B AI City Deal for Abu Dhabi

The UAEs Bold Technologies and Italys Synapsia have inked a $2.5 billion agreement to supply AIpowered city management services for Abu Dhabi, emphasi

The UAEs Bold Technologies and Italys Synapsia have inked a $2.5 billion agreement to supply AIpowered city management services for Abu Dhabi, emphasising parking, transport and emergency response. It advances the idea of a smart city and is called a "cognitive city project" by CEO Daniele Marinelli. The deal, which was signed on 3 March, will be paid in five instalments as it is reached. The partnerships goal is to achieve realtime urban optimisation through AI integration. The two businesses will become My Aion Inc. to go public on the Abu Dhabi stock exchange in 2027 or 2029. The UAE is accelerating its AI investments to compete with regional rivals, and this arrangement supports Italys efforts to forge closer economic connections with the Gulf. Read More..

B2B Tech News | 23 days ago        

NNPC Ltd in Talks to Extend Crude Oil Supply Deal with Dangote Refinery

After the initial sixmonth agreement expired this month, Nigerias state oil company, NNPC Ltd, is negotiating with Dangote Oil Refinery to renew its c

After the initial sixmonth agreement expired this month, Nigerias state oil company, NNPC Ltd, is negotiating with Dangote Oil Refinery to renew its crude oil delivery contract in naira. The agreement, which was unveiled in October, was designed to alleviate local refineries supply limitations. Although the agreedupon volumes were not entirely fulfilled and smaller refineries did not profit as anticipated, NNPC Ltd. supplied 48 million barrels to Dangote Refinery per the terms of the agreement. Specifics on cost, volume, and duration are still being worked out. In line with more significant economic and energy sector objectives, the extension might support domestic refining operations and lessen Nigerias reliance on imported fuel. Read More..

B2B Tech News | 23 days ago        

U.S. Transportation Chief Slams Verizon Over FAA Contract Delays

U.S. Transportation Secretary Sean Duffy emphasised the pressing need to modernise air traffic management while criticising Verizon for its tardy work

U.S. Transportation Secretary Sean Duffy emphasised the pressing need to modernise air traffic management while criticising Verizon for its tardy work on its $2.4 billion, 15year FAA communications contract. He underlined that since the current infrastructure is unsustainable, several businesses must help upgrade ageing systems. Although Verizon reiterated its dedication to collaborating with the FAA, delays remain a concern. SpaceX clarified that Starlink might be a partial solution and refuted rumours that Elon Musks company will take up the contract. Meanwhile, the FAA is testing Starlink terminals in Alaska to improve access to weather data. The agency is under increasing pressure to expedite improvements and avert significant malfunctions in the countrys air traffic control system. Read More..

B2B Tech News | 23 days ago        

Starlink Secures Major Deals with Airtel & Jio to Bring Satellite Internet to India

To launch Starlink satellite internet services throughout India, Elon Musks SpaceX has reached agreements with Bharti Airtel and Reliance Jio, two of

To launch Starlink satellite internet services throughout India, Elon Musks SpaceX has reached agreements with Bharti Airtel and Reliance Jio, two of the nations top telecom providers. Depending on regulatory approval, Bharti Airtel and SpaceX intend to work together to deliver Starlinks highspeed internet to remote areas, schools, businesses, and health facilities. Reliance Jio will also distribute Starlink equipment through its sizeable retail network to improve internet coverage nationwide. In addition to putting Starlink in a competitive position in a sector expected to grow dramatically over the next several years, these agreements seek to close the digital divide in India, especially in underserved areas. Both partnerships await final government approval before Starlink can start operations in India. Read More..

B2B Tech News | 23 days ago        

Mauritius Seeks DTAC Amendments with India to Revive Investment Flows

Mauritius is aggressively revising its Comprehensive Economic Cooperation and Partnership Agreement and Double Taxation Avoidance Convention DTAC with

Mauritius is aggressively revising its Comprehensive Economic Cooperation and Partnership Agreement and Double Taxation Avoidance Convention DTAC with India to regain its position as a preferred investment channel. Inflows of foreign direct investment from Mauritius to India have drastically decreased since the 2016 treaty modification, according to Foreign and Trade Minister Dhananjay Ramful. In addition to establishing Mauritius as a conduit for Indian investors aiming to access African markets, the proposed revisions seek equivalency with Singapores accords. Unresolved points in the DTAC negotiations are still being discussed, and a second joint committee session is scheduled to address trade imbalances and tax difficulties. Mauritius has historically been a significant foreign direct investment FDI source into India, directing USD 175 billion since 2000, or 25% of all FDI inflows into India. Read More..

B2B Tech News | 23 days ago        

Ghana’s Economic Growth Slows to 3.6% in Q4 as Industry Sector Stalls

The industry sector trailed behind with a mere 0.2% gain, causing Ghanas economic growth to decrease to 3.6% yearoveryear in Q4 2024 from 7.5% in Q3.

The industry sector trailed behind with a mere 0.2% gain, causing Ghanas economic growth to decrease to 3.6% yearoveryear in Q4 2024 from 7.5% in Q3. Agriculture increased 2.9%, and the services sector to 6.3%, bringing the years GDP growth to 5.7%. Challenges in the cocoa and gold industries have made the nations recovery from a severe economic catastrophe even more difficult. For the second consecutive month, inflation decreased from 23.5% in January to 23.1% in February, but it is still far above the central banks objective of 8%. Since retaking office in January, President John Dramani Mahama has promised to reduce taxes and spending to increase investment and accelerate economic growth. Read More..

B2B Tech News | 23 days ago        

Standard Chartered Launches Exclusive Private Markets Club for UltraRich Investors

Standard Chartered established the Private Markets CoInvestment Club CIC under its worldwide private banking division to serve ultrahighnetworth inves

Standard Chartered established the Private Markets CoInvestment Club CIC under its worldwide private banking division to serve ultrahighnetworth investors looking for institutionalgrade private market portfolios. By providing members with institutionalgrade due diligence, transaction support, and fast execution, the bank hopes to satisfy the rising demand for alternative investments. Standard Chartereds global head of private banking and affluent customers, Raymond Ang, highlighted how wealthy people move away from traditional investing and into private markets. The bank has teamed up with Ardian, a private investment group, to improve the platform. The action further solidifies Standard Chartereds position in wealth management. It is consistent with the more significant trend of highnetworth investors looking for unique, superior opportunities in private markets. Read More..

B2B Tech News | 23 days ago        



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