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Eros Resources Announces Merger with MAS Gold and Rockridge Amid Rising Gold and Copper Demand

To collaboratively develop copper and gold projects in Saskatchewan, a region rich in untapped metal resources, competitors MAS Gold and Rockridge Res

To collaboratively develop copper and gold projects in Saskatchewan, a region rich in untapped metal resources, competitors MAS Gold and Rockridge Resources and Canadian smallscale gold miner Eros Resources are expected to combine. The merger occurs when longterm demand for copper is still growing, and gold prices have risen 29% this year due to geopolitical uncertainties. As per the agreement, Eros will issue 0.375 shares of Eros to Rockridge owners and 0.25 shares of MAS Gold shareholders to acquire shares it does not currently own. Following the merger, Rockridge will own 20.3%, MAS Gold 37.33%, and Eros stockholders 42.37% of the combined business. Mineral claims totalling 77,890 hectares will be included in the merged portfolio. Read More..

B2B Tech News | 1 years ago        

Nigerians Protest Economic Hardship and Unemployment on 64th Independence Anniversary

Tuesday commemorated Nigerias 64th year of independence amid dire economic times, the country saw widespread rallies calling for more excellent prospe

Tuesday commemorated Nigerias 64th year of independence amid dire economic times, the country saw widespread rallies calling for more excellent prospects and jobs. Even though Nigeria is one of the worlds top oil producers, 63% of its people live in poverty, and the country has high rates of hunger. An increase in inflation and a decline in the currencys value have resulted from recent government changes meant to stabilise the economy. In the two months since the fatal skirmishes in August that claimed the lives of twenty protestors, this is the second largescale demonstration. Elected president of Nigeria, Bola Tinubu, defended the measures essential to averting economic catastrophe and urged patience. Many Nigerians doubt the nations development due to dissatisfaction with unemployment and the persistence of violence in the northeast. Read More..

B2B Tech News | 1 years ago        

Fire at Tata Group’s Hosur Plant Halts iPhone Production, Threatens Apple’s Festive Season Sales

Apples capacity to satisfy demand ahead of Indias holiday season has been impacted by an extended production standstill caused by a fire at Tata Group

Apples capacity to satisfy demand ahead of Indias holiday season has been impacted by an extended production standstill caused by a fire at Tata Groups iPhone component facility in Hosur, Tamil Nadu. The plant—which provides back panels and other parts for iPhone models—is essential for domestic assembly and exports. According to analysts, this may potentially disrupt up to 15% of Apples projected 1.5 million iPhone 14 and 15 sales in India. Even though Apple could have accumulated parts, a protracted ban might compel the business to purchase parts from China. This event may put Tatas ambitions for more iPhone production growth on hold and show the difficulties facing Indias electronics manufacturing industry despite efforts to draw in international investment. Read More..

B2B Tech News | 1 years ago        

Piyush Goyal Engages US Investors, Highlights Indias Growth and Investment Opportunities

While in New York, Indian Commerce and Industry Minister Piyush Goyal met with prominent US investors, such as Warburg Pincus President Timothy F. Gei

While in New York, Indian Commerce and Industry Minister Piyush Goyal met with prominent US investors, such as Warburg Pincus President Timothy F. Geithner, Blackstone CEO Stephen Schwarzman, and KKR cofounder Henry R. Kravis, ahead of bilateral discussions in Washington, DC. Goyal invited US companies to join Indias economic success story by highlighting the countrys gains and investment prospects, especially in hightech manufacturing, electronics, and logistics. Under Prime Minister Modis direction, he highlighted policies that have made conducting business in India easier. Goyal is cochairing the IndiaUSA Commercial Dialogue alongside US Commerce Secretary Gina Raimondo to strengthen bilateral economic relations and draw longterm investment to India. Read More..

B2B Tech News | 1 years ago        

India and France Boost Defense Ties NSA Doval Discusses Rafale Jets, Submarines in Paris

Ajit Doval, the national security adviser for India, recently travelled to Paris to talk with President Emmanuel Macron and Sébastien Lecornu, the mi

Ajit Doval, the national security adviser for India, recently travelled to Paris to talk with President Emmanuel Macron and Sébastien Lecornu, the minister of the armed forces, on essential defence cooperation. Important subjects included Indias intention to procure three more Kalvariclass submarines, a version of the French Scorpene submarines, and intentions to purchase 26 Rafale Marine combat planes for the Indian Navy. The talks also covered the changing global geopolitical environment and the current war in Ukraine. As both countries work to deepen their connections in the IndoPacific region, Doval highlighted the strategic alliance between France and India, which aligns with the “Horizon 2047 roadmap” for collaboration in several fields, including defence and space. Read More..

B2B Tech News | 1 years ago        

SoftBanks Vision Fund to Invest $500 Million in OpenAIs $6.5 Billion Funding Round

According to a report by The Information, $500 million will be invested by SoftBanks Vision Fund in OpenAIs most recent investment round, which intend

According to a report by The Information, $500 million will be invested by SoftBanks Vision Fund in OpenAIs most recent investment round, which intends to raise $6.5 billion through convertible notes. With this investment, SoftBank entered the AI startup headed by Sam Altman for the first time. Currently, OpenAI is valued at $150 billion if it can reorganise its corporate structure and do away with an investor profit ceiling. Notably, it has been stated that Apple has decided not to participate in this big fundraising round. By reorganising, OpenAI hopes to increase investor returns and profitability by becoming a forprofit company that is not dependent on its nonprofit board. Read More..

B2B Tech News | 1 years ago        

Cerebras Systems Reports 300% Revenue Surge in 2023 Amid AI Demand, Plans IPO

In its preparations for a U.S. initial public offering IPO, Cerebras Systems forecast an impressive tripling of its yearly income for 2023. The artifi

In its preparations for a U.S. initial public offering IPO, Cerebras Systems forecast an impressive tripling of its yearly income for 2023. The artificial intelligence chip startup credited its success to the growing demand from semiconductor manufacturers for AI applications like ChatGPT. Remarkably, Nvidia has more than quadrupled in value this year, momentarily overtaking Microsoft as the most valuable corporation in the world. Cerebrass IPO will gauge investor enthusiasm for AI investments, notwithstanding some investor scepticism about the AI stock bubble. For the year ending 31 December 2023, the Sunnyvale, Californiabased company brought in $78.74 million in sales, up from $24.62 million in 2022. At the same time, its net loss decreased to $127.16 million from $177.72 million. Read More..

B2B Tech News | 1 years ago        

Suez Canal Revenues Plummet 60% Amid Houthi Attacks, Causing $6 Billion in Losses

In response to interruptions brought on by Houthi strikes in the Red Sea, Egyptian President Abdel Fattah elSissi declared a sharp 60% drop in Suez Ca

In response to interruptions brought on by Houthi strikes in the Red Sea, Egyptian President Abdel Fattah elSissi declared a sharp 60% drop in Suez Canal income, or over $6 billion in damages. At a Cairo Police Academy graduation ceremony, ElSissi emphasised the gravity of the situation and cautioned that continuing confrontations might further destabilise the area. Shipping firms have redirected their vessels to avoid the Red Sea through the Suez Canal, a vital source of foreign exchange for Egypt. Tensions have escalated as the Houthis have declared their intention to strike ships connected to Israel. ElSissi issued a dire warning with global implications if the existing status quo continues. Read More..

B2B Tech News | 1 years 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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