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Belgium’s KBC Bank Eyes Central European Acquisitions, Including Romania

According to CEO Johan Thijs, KBC, the biggest bank in Belgium, is considering acquisitions in Central Europe, particularly Romania, as part of its ex

According to CEO Johan Thijs, KBC, the biggest bank in Belgium, is considering acquisitions in Central Europe, particularly Romania, as part of its expansion plan, Reuters reported. The bank, which is currently present in Czechia, Hungary, Slovakia, and Bulgaria, is considering banking and insurance options. Although specifics are still unknown, the bank has a shortlist of possible targets. This showed interest in purchasing Ethias, the stateowned insurance company in Belgium, should the opportunity arise. Reiterating its regional focus, KBCs Central European operations accounted for almost half of its 2024 net earnings. Citing Donald Trumps deregulation initiatives in the United States as a possible impetus for European banking reform, Thijs called for the EU to reevaluate financial laws amid a broader European banking consolidation. Read More..

B2B Tech News | 1 months ago        

Senegal Seeks New IMF Program by June After Financial Audit Revelations

After an examination found that financial data under previous President Macky Salls administration was misreported, Senegal hopes to obtain a fresh IM

After an examination found that financial data under previous President Macky Salls administration was misreported, Senegal hopes to obtain a fresh IMF program by June. Citing a more significant budget deficit and debt than previously revealed, the IMF had stopped its $1.8 billion lending line. The finance minister, Cheikh Diba, hoped for an agreement and payment shortly after. Ousmane Diagne, the minister of justice, launched investigations into allegations of money laundering, forgery, and embezzlement that may involve previous officials from 2019 to 2024. Salls party, however, disagreed with the audits conclusions, claiming that the Court of Auditors had already approved previous budgets. The IMF is examining the report and organising talks with Senegalese officials to address the concerns. Read More..

B2B Tech News | 1 months ago        

Elon Musk’s Boring Company Partners with Dubai RTA for 17km Loop Project

The Road and Transport Authority RTA of Dubai and Elon Musks The Boring Company have inked a deal to build the Dubai Loop, a 17kilometer subterranean

The Road and Transport Authority RTA of Dubai and Elon Musks The Boring Company have inked a deal to build the Dubai Loop, a 17kilometer subterranean highspeed transport system designed to ease traffic. The 11station experimental phase, announced at the World Governments Summit, allows passengers to travel at 160 km/h. It will initially carry 20,000 passengers per hour before growing to take over 100,000. The initiative uses AIdriven infrastructure to improve urban transportation, aligning with Dubais aim for smart cities. Although no date has been revealed, the project is similar to The Boring Companys Las Vegas Loop. It demonstrates Dubais dedication to cuttingedge public transportation solutions that prioritise efficiency, sustainability, and innovation. Read More..

B2B Tech News | 1 months ago        

HSBC Reports $1.5 Billion in Cost Savings Amid Global Restructuring

The Financial Times reports that HSBC would report yearly cost savings of $1.5 billion due to its restructuring efforts. Since taking over in Septembe

The Financial Times reports that HSBC would report yearly cost savings of $1.5 billion due to its restructuring efforts. Since taking over in September 2024, the bank has reduced its dealmaking and corporate consulting activities in the West and increased its focus on Asia under CEO Georges Elhedery. In addition to closing its M&A and equity businesses in Europe and the Americas, HSBC has been pulling out of lowreturn consumer banking areas such as France, Greece, and Canada. In addition, the bank has reorganised its activities into four business lines wealth banking, corporate and institutional banking, Hong Kong, and the United Kingdom. Read More..

B2B Tech News | 1 months ago        

BitPanda Secures UK FCA Approval to Expand Crypto Services

The UKs Financial Conduct Authority FCA has granted Austriabased cryptocurrency exchange BitPanda a regulatory license to conduct business, thereby an

The UKs Financial Conduct Authority FCA has granted Austriabased cryptocurrency exchange BitPanda a regulatory license to conduct business, thereby antimoney laundering and counterterrorism funding regulations. BitPanda can now advertise by FCA regulations and provide services to UK investors thanks to this clearance. The exchange intends to launch cryptocurrencybased savings programs that let consumers schedule automated asset purchases. According to CEO Eric Demuth, BitPanda is getting ready to introduce its investment platform in the UK. BitPanda has also obtained MiCA registration in the EU and has more than six million users. In addition to significant companies like Coinbase obtaining UK regulatory permits, the FCA seeks to finalise the UKs crypto legislation by 2026 Read More..

B2B Tech News | 1 months ago        

Sudan Thanks Russia for Blocking UN Security Council Resolution

During a visit to Moscow, Sudanese Foreign Minister Ali Yousuf Ahmed AlSharif thanked Russia for standing in the way of a UN Security Council resoluti

During a visit to Moscow, Sudanese Foreign Minister Ali Yousuf Ahmed AlSharif thanked Russia for standing in the way of a UN Security Council resolution that would have authorised foreign interference in Sudan. Alongside Russian Foreign Minister Sergey Lavrov, AlSharif praised Russias assistance and reiterated Sudans opposition to foreign meddling. He underlined cooperation with Moscow in the interests of national sovereignty, peace, and stability. Sudan has been in constant crisis since President Omar alBashir was overthrown in 2019, and a military coup in 2021 made matters worse. Since 2023, the Rapid Support Forces RSF and Sudanese military have been engaged in combat, which has worsened the humanitarian situation by displacing millions of people and killing over 28,000 people. Read More..

B2B Tech News | 1 months ago        

RBI Confirms Cryptocurrency Discussion Paper in Progress

According to Reserve Bank of India RBI Governor Sanjay Malhotra, the Finance Ministry is working on a discussion paper on cryptocurrencies. It would p

According to Reserve Bank of India RBI Governor Sanjay Malhotra, the Finance Ministry is working on a discussion paper on cryptocurrencies. It would provide clarity on the future of the countrys virtual assets. Although the RBI continues to exercise caution and warn of possible financial and security threats, the Web3 industry is becoming alarmed by Indias protracted hesitation. According to cryptocurrency entrepreneurs, delays may result in a loss of talent and chances in the international market. The discussion paper, initially brought up in July 2024, intends to investigate legal ramifications and regulatory actions, with India reevaluating its position in light of changes in international policy. However, neither a regulatory framework nor a release date has been disclosed. Read More..

B2B Tech News | 1 months ago        

Ghana Faces $156M Budget Shortfall Amid USAID Funding Freeze

Countries worldwide are suffering due to the U.S. administrations attack on USAID Ghanas state budget is $156 million short. To fill the void caused b

Countries worldwide are suffering due to the U.S. administrations attack on USAID Ghanas state budget is $156 million short. To fill the void caused by the suspension of USAID initiatives, President John Mahama has assigned Finance Minister Cassiel Ato Forson the responsibility of locating alternate sources of money. Ghanas health and agricultural sectors have significantly benefited from US development assistance, which has helped to establish a sophisticated national HIV and STD surveillance system. Enhancing Ghanaian agricultural companies competitiveness in regional and international markets was another vital function of USAID. Concerns are raised over the sustainability of essential programs and Ghanas capacity to sustain advancement in these crucial areas in light of the abrupt loss of financing. Read More..

B2B Tech News | 1 months ago        



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