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SpaceX Eyes $1.5 Billion Investment in Vietnam to Boost Starlink Services

To overcome delays in the launch of its Starlink satellite services, Elon Musks SpaceX intends to invest $1.5 billion in Vietnam. After meeting SpaceX

To overcome delays in the launch of its Starlink satellite services, Elon Musks SpaceX intends to invest $1.5 billion in Vietnam. After meeting SpaceXs Tim Hughes in New York, President To Lam announced that the Vietnamese government was considering making this investment. Hughes said the total investment might be as much as $15 billion, although he did not specify the scope or timing of the project. Vietnam, a country of 100 million people, offers a sizable market for American internet providers, but dependable service delivery is hampered by antiquated infrastructure and geographical restrictions. Although legislative obstacles, such as local ownership restrictions and data storage requirements, continue to worry, the alliance hopes to improve disaster response and education Read More..

B2B Tech News | 1 years ago        

Wiz Explores Share Sale Amid Valuation Aspirations of $15B to $20B

Americas Bloomberg News reports that Israeli cybersecurity firm Wiz is considering selling its current stock, with a target of $15 billion to $20 bill

Americas Bloomberg News reports that Israeli cybersecurity firm Wiz is considering selling its current stock, with a target of $15 billion to $20 billion. A $500 million to $700 million tender offer for existing shareholders interests would be possible under the proposed deal. Wiz had earlier this year ended talks with Alphabet, the parent company of Google, over a planned $23 billion transaction that would have raised the companys worth substantially after a $1 billion investment round in May. Lightspeed Venture Partners, G Squared, and Thrive Capital are the venture companies that might be engaged in this possible purchase. Using artificial intelligence, Wiz, a leader in cloudbased cybersecurity solutions, assists businesses in identifying and reducing major threats on cloud platforms. Read More..

B2B Tech News | 1 years ago        

Orange Announces Plans to Delist from NYSE to Streamline Operations

Citing the cost of the secondary listing, French telecom operator Orange declared its plan to remove its shares from the New York Stock Exchange NYSE.

Citing the cost of the secondary listing, French telecom operator Orange declared its plan to remove its shares from the New York Stock Exchange NYSE. The board of directors decided to streamline internal operations and increase efficiency by lowering the substantial financial and administrative burden associated with preserving the SEC registration and NYSE listing. Orange promised that the delisting would not impact its partners, customers, or market share in the United States. To further streamline its operations, the business also intends to deregister two debt instruments previously issued on the NYSE. Read More..

B2B Tech News | 1 years ago        

Australian Consumer Price Inflation Hits ThreeYear Low of 2.7% in August

With government power rebates helping, Australian consumer price inflation fell to a threeyear low of 2.7% in August, while core inflation reached its

With government power rebates helping, Australian consumer price inflation fell to a threeyear low of 2.7% in August, while core inflation reached its lowest point since early 2022. Potential interest rate reductions might be made possible by this progress. Market responses were modest despite the good news since the Reserve Bank of Australia RBA has previously stated that the headline inflation drop is transitory and inadequate to warrant a change in interest rates anytime soon. Additionally, the trimmed mean core inflation index decreased to 3.4%. The rate has been at 4.35% since November, but expectations are mounting because current swaps indicate a 75% chance of a decrease as early as December. Read More..

B2B Tech News | 1 years ago        

DBS Group to Boost Ownership in China Securities Venture to 91% Amid Economic Stimulus

CEO of DBS Group, Piyush Gupta, revealed intentions to raise the companys shareholding in its joint venture in China securities from 51% to 91%. This

CEO of DBS Group, Piyush Gupta, revealed intentions to raise the companys shareholding in its joint venture in China securities from 51% to 91%. This declaration comes after Chinas solid economic stimulus plans to boost the countrys faltering capital markets and economy. DBS confirmed that it will buy shares from Chinese joint venture partners if regulations are approved. Although majority ownership is the banks goal, Gupta stated that the firm cherishes the contribution of its Chinese partners. This action fits in with the patterns of international banks such as J.P. Morgan and Morgan Stanley, who respond similarly to a slowing economy by raising their investments in Chinese securities businesses. Beijings recent stimulus measures, including a largescale swap program, have improved market confidence and increased the chances of securities companies. Read More..

B2B Tech News | 1 years ago        

Microsoft Unveils $1.3 Billion Investment to Boost AI and Cloud Infrastructure in Mexico

To improve its cloud computing and artificial intelligence infrastructure in Mexico, tech giant Microsoft has announced a significant investment of $1

To improve its cloud computing and artificial intelligence infrastructure in Mexico, tech giant Microsoft has announced a significant investment of $1.3 billion over the next three years. During an event in Mexico City, CEO and Chairman Satya Nadella stressed the companys dedication to growing capacity there. In three years, this project hopes to reach 30,000 SMBs and 5 million Mexicans by enhancing connectivity and encouraging the use of AI in small and mediumsized enterprises. Prominent Mexican businesses already using Microsofts AI solutions include Bimbo and Cemex. Furthermore, by the end of 2025, Microsoft and Viasat will have connected over 150,000 Mexicans without cellular service to the internet. Remarkably, the countrys AI capabilities will be strengthened by this initiative, which newly appointed Economy Minister Marcelo Ebrard announced. Read More..

B2B Tech News | 1 years ago        

Finance Minister Pushes for Interest Rate Cut as Thailand Considers Economic Recovery Measures

Next week, the Thai government and central bank will discuss the countrys inflation target and the strong baht. Finance Minister Pichai Chunhavajira w

Next week, the Thai government and central bank will discuss the countrys inflation target and the strong baht. Finance Minister Pichai Chunhavajira will emphasise the necessity of an interest rate drop. This assessment comes in the wake of ongoing government pressure on the Bank of Thailand to reduce interest rates from a peak of 2.50% set a decade ago to spur economic recovery in the wake of the epidemic. Augusts inflation rate was a mere 0.35%. To stimulate consumer spending, the government is also considering raising the minimum wage to 400 baht $12 by years end. A Thai business association has also called for steps to stabilise the baht, which has gained 13% since April compared to the US dollar, perhaps hurting exports and travel. Read More..

B2B Tech News | 1 years ago        

Nippon Steel Plans Share Sale in Posco Holdings Amid $14.9 Billion U.S. Steel Acquisition Strategy

As part of its effort to increase asset efficiency, Nippon Steel, based in Japan, announced that it will sell 2.9 million shares in Posco Holdings, a

As part of its effort to increase asset efficiency, Nippon Steel, based in Japan, announced that it will sell 2.9 million shares in Posco Holdings, a company based in South Korea. We will reveal later on the timing of this sale and how it is anticipated to affect the financial performance. This action aligns with Nippon Steels overarching goal of managing debt in advance of its ambitious $14.9 billion acquisition of U.S. Steel by dumping at least $211 million in assets during this fiscal year. Nippon Steel, the biggest steel manufacturer in Japan, wants to improve its financial standing while taking advantage of significant investment prospects. Read More..

B2B Tech News | 1 years ago        



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