Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Coinbase Launches $2 Million Ad Campaign Targeting Latino Voters in U.S.

As part of more considerable attempts by the cryptocurrency sector to influence the forthcoming elections, Coinbase has started a $2 million advertisi

As part of more considerable attempts by the cryptocurrency sector to influence the forthcoming elections, Coinbase has started a $2 million advertising campaign targeted at Latino voters and customers in the U.S. In contrast to the typical 6.18% cost, the advertisement highlights the advantages of utilising USD Coin to transfer money overseas for free. It also promotes cryptocurrency as an alternative to standard remittance methods. There will be advertisements on Univision during the Copa America event, focusing on California, Texas, and Washington, D.C. The effort received support from former Los Angeles Mayor Antonio Villaraigosa, who brought out the differences in opportunity for communities of colour to generate wealth. The decision was made amid increased regulatory initiatives, political scrutiny around digital currencies, and substantial business investment in political elections this year. Read More..

B2B Tech News | 1 months ago        

Brazil Implements Stricter Guidelines for Energy Distribution Contracts

The Brazilian government has implemented harsher standards for renewing energy distribution contracts to strengthen restrictions and permit early canc

The Brazilian government has implemented harsher standards for renewing energy distribution contracts to strengthen restrictions and permit early cancellation or intervention if enterprises dont fulfil their contractual commitments. This action affects global energy companies such as Portugals EDP and Italys Enel, whose concession contracts expire in 2031. The governments attempts to force distributors to raise service standards are reflected in the new regulations, especially in light of the recent power outages that major Brazilian cities experienced due to natural disasters. Energy Minister Alexandre Silveira highlighted the seriousness of noncompliance, citing early contract termination or government involvement as potential consequences. This underscores the need for a strong accountability enforcement strategy in the energy industry. Read More..

B2B Tech News | 1 months ago        

UKs CMA Launches Probe into HPEs $14 Billion Juniper Networks Acquisition

To evaluate any possible competition issues in the UK, Britains Competition and Markets Authority CMA said that it will look into Hewlett Packard Ente

To evaluate any possible competition issues in the UK, Britains Competition and Markets Authority CMA said that it will look into Hewlett Packard Enterprises HPE planned $14 billion acquisition of Juniper Networks. HPE hopes to increase its artificial intelligence capabilities and double its networking business with this acquisition. August 14 is when the CMA must decide whether to take the inquiry to a higher level. HPE plans to close the purchase by the end of 2024 or the beginning of 2025, working with UK regulators to finish the required reviews and secure approval. Due to the Juneteenth holiday, which closed US markets during the announcement, Juniper Networks, a USbased company, has yet to comment. Read More..

B2B Tech News | 1 months ago        

Northvolt Clarifies Plans Amid Rumors of Borlange Plant Cancellation

The Swedish lithiumion battery manufacturer Northvolt made it clear that, in response to rumours indicating the projects abandonment, it is reevaluati

The Swedish lithiumion battery manufacturer Northvolt made it clear that, in response to rumours indicating the projects abandonment, it is reevaluating its plans for a new facility in Borlange, central Sweden. The business stressed that no decision has been made yet and that talks with stakeholders, including the municipality, are still underway. When the Borlange facility was first planned in 2022, it was intended to transform an outdated paper mill into a gigafactory that could produce more than 100 gigawatthours GWh of cathode material annually and employ up to 1,000 people. To satisfy growing demand from customers and investors, Northvolt aims to build a second battery facility in Canada in addition to the one it now operates in northern Sweden. Read More..

B2B Tech News | 1 months ago        

Dida Initiates IPO in Hong Kong, Targets $35 Million Raise

According to regulatory papers, Dida, a Chinese ridesharing app operator, started an initial public offering IPO in Hong Kong to raise HK$273.7 millio

According to regulatory papers, Dida, a Chinese ridesharing app operator, started an initial public offering IPO in Hong Kong to raise HK$273.7 million $35.06 million. The firm is scheduled to sell 39.1 million shares, priced between HK$5 and HK$7 a share. On June 26, final pricing is planned, and trade is anticipated to start two days later. With a greenshoe option to sell an additional 5.86 million shares, this offering accounts for 3.9% of Didas total share count. Didas market capitalization after the IPO would be about $900 million if priced at the top of the range. A smaller rival of Didi, called Dida, hopes to gain traction in the Hong Kong market after regulatory scrutiny forced Didi to delist from the US. Read More..

B2B Tech News | 1 months ago        

Amazon to Invest €10 Billion in Germany, Boosting Cloud and Retail Operations

To develop its cloud services and retail activities in the largest economy in Europe, Germany, Amazon announced a significant investment of 10 billion

To develop its cloud services and retail activities in the largest economy in Europe, Germany, Amazon announced a significant investment of 10 billion euros $10.75 billion. By 2026, most of this investment—8.8 billion euros—will go into improving Amazon Web Services AWS cloud infrastructure, emphasising artificial intelligence AIdriven technologies. German Chancellor Olaf Scholz applauded the decision, pointing out that it will generate more than 4,000 jobs this year and underscoring Germanys attraction to investors despite its present economic difficulties, such as rising energy prices and underinvestment. With this investment, Amazons planned investments in Germany now exceed 17.8 billion euros, demonstrating its continued commitment to growing its operational and data centre capacity throughout Europe. Read More..

B2B Tech News | 1 months ago        

Qualcomm Settles ClassAction Lawsuit for $75 Million

Qualcomm has consented to pay $75 million to settle a classaction complaint alleging that it misled investors by hiding anticompetitive licencing and

Qualcomm has consented to pay $75 million to settle a classaction complaint alleging that it misled investors by hiding anticompetitive licencing and sales practices. The preliminary settlement, an allcash deal submitted to a federal court in San Diego, is pending approval by U.S. District Judge Jinsook Ohta. The case, which was approved as a class action in March 2023, charged Qualcomm with manipulating its stock price between February 2012 and January 2017. Investors said Qualcomm misrepresented the separation between its technology licencing and chip sales, accusing the company of engaging in anticompetitive bundling activities. In consenting to a settlement, Qualcomm and its former CEOs, Paul Jacobs and Steven Mollenkopf, denied any wrongdoing. Requests for comments on the settlement have yet to be received by the corporation. Read More..

B2B Tech News | 1 months ago        

Trump Media & Technology Group Secures SEC Approval for $247 Million Share Resale

The Securities and Exchange Commission has accepted Trump Media & Technology Groups DJT.O application to resell certain shares and warrants, with the

The Securities and Exchange Commission has accepted Trump Media & Technology Groups DJT.O application to resell certain shares and warrants, with the potential to raise to $247 million, the company said on Tuesday. This development enables the firm to move on with the exercise of warrants, putting it in a favourable position to investigate mergers and acquisitions, improve its platform, and explore TV streaming ideas. Despite these possibilities, worries over possible stock dilution caused the companys shares to drop sharply in afterhours trade by roughly 14%. According to Trump Media, the money from these deals will increase its substantial $200 million cash reserves. The firms market valuation is presently $5.53 billion, a 46% decrease from its March Nasdaq IPO. Read More..

B2B Tech News | 1 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   2253   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   2164   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   2495   

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.
   2650   

5.  Approximately 8 billion gadgets connect on the internet every day.
   3653   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.