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IndiaMiddle EastEurope Economic Corridor Takes Center Stage at I2U2 Discussion

The revolutionary quadrilateral cooperation between India, Israel, the United States, and the United Arab Emirates, known as the I2U2 Group, was recen

The revolutionary quadrilateral cooperation between India, Israel, the United States, and the United Arab Emirates, known as the I2U2 Group, was recently highlighted for its disruptive potential. The CUTS Internationalorganized virtual gathering, titled "I2U2 Towards a Transformative Quadrilateral Partnership," brought together eminent professionals to discuss how collaboration could change global cooperation and economic integration. CUTS Secretary General Pradeep S. Mehta highlighted the partnerships emphasis on practical economic cooperation instead of past disputes. Speakers emphasized the IndiaMiddle EastEurope Economic Corridors IMEEC strategic significance in improving connectivity and its consequences for regional stability and international trade. The session also covered several possible collaboration areas, including food security, healthcare, and technology, highlighting the importance of the I2U2 in a shifting geopolitical environment. Read More..

B2B Tech News | 1 months ago        

Singapore’s November Inflation Falls Short of Expectations as Prices Rise by 1.9% YearonYear

In November, Singapores primary consumer price indicator increased 1.9% yearly, less than experts had predicted and the weakest increase in almost thr

In November, Singapores primary consumer price indicator increased 1.9% yearly, less than experts had predicted and the weakest increase in almost three years. Similar to the previous months growth, the core inflation rate—which does not include the prices of private road transport and lodging—was lower than the expected 2.1%. Since November 2021, this is the lowest rise. Headline inflation was 1.6%, less than the 1.8% forecast. The Monetary Authority of Singapore MAS may adjust monetary policy in January due to the decreasing inflationary pressures. Still, analysts predict that major adjustments might not occur until 2025 because of the uncertainty surrounding U.S. policies under incoming President Donald Trump. Read More..

B2B Tech News | 1 months ago        

Macron Pledges France’s Support for Ethiopia’s Urgent Debt Restructuring During State Visit

While visiting Ethiopia on Saturday, French President Emmanuel Macron emphasised the need for a resolution "in the coming weeks" and voiced his strong

While visiting Ethiopia on Saturday, French President Emmanuel Macron emphasised the need for a resolution "in the coming weeks" and voiced his strong support for the countrys debt restructuring efforts. Following Ethiopias recent agreement with the International Monetary Fund IMF on the second review of a $3.4 billion lending program, Macron has endorsed the move. "Thanks to your commitment to the reform program you are leading, we aim to complete the restructuring of this three billioneuro debt in the next few weeks," Macron said during a joint press conference with Ethiopian Prime Minister Abiy Ahmed. He also emphasised Frances unwavering support for the current IMF talks, especially a pivotal meeting scheduled for midJanuary. Read More..

B2B Tech News | 1 months ago        

Central Bank of Nigeria Grants BDCs Temporary Access to Official Forex Market for 6 Weeks

Bureau de Change BDC operators now have temporary access to the official foreign exchange market from 19 December 2024 to 30 January 2025, the Central

Bureau de Change BDC operators now have temporary access to the official foreign exchange market from 19 December 2024 to 30 January 2025, the Central Bank of Nigeria CBN stated Thursday. This agreement allows BDC operators to buy up to $25,000 per week from approved dealers all transactions must be funded in advance at going rates and with a maximum spread of 1%. The CBNs custom of selling foreign exchange to BDCs directly at a subsidised rate has changed. The statement failed to explain the decision, which gives BDCs access to a recently introduced automated FX trading system meant to replace the outdated overthecounter system. Read More..

B2B Tech News | 1 months ago        

Prax and Shell Abandon Sale of 37.5% Stake in PCK Schwedt Refinery Amid Legal Delays

Prax and Shell informed the public on Friday that Shells 37.5% ownership of the PCK Schwedt oil refinery in Germany will not be sold. The agreement wa

Prax and Shell informed the public on Friday that Shells 37.5% ownership of the PCK Schwedt oil refinery in Germany will not be sold. The agreement was reached in December last year, but thirdparty lawsuits caused delays. The decision by the German government to deprive Russian oil company Rosneft of authority over the refinery, which was prompted by the 2022 breaking of GermanyRussian energy links, created complications. Both businesses confirmed in their announcements that they had decided to withdraw from the deal. Read More..

B2B Tech News | 1 months ago        

USIndia Partnership Ambassador Garcetti Stresses Need for Training Programs and IP Protection

At a USIndia Business Council event, US Ambassador to India Eric Garcetti emphasised the prospects of the USIndia alliance while emphasising the neces

At a USIndia Business Council event, US Ambassador to India Eric Garcetti emphasised the prospects of the USIndia alliance while emphasising the necessity of reducing tariffs and promoting fair trade. He underlined the value of intellectual property and trademark protection, as well as training programs tailored to the requirements of companies in both nations. Indias labour force is "one of the most extraordinary resources humanity has," Garcetti said, urging a renewed dedication to openness and trust. He promoted combining Indias grassroots inventiveness with American scientific and financial knowhow to build ecosystems that efficiently utilise human capital. According to Garcetti, cooperation may spur both countries bold objectives and winwin solutions. Read More..

B2B Tech News | 1 months ago        

Bank of England Holds Interest Rates Steady at 4.75% Amid Split Among Policymakers

Despite significant disagreement among policymakers, who voted 63 against a quarterpoint cut, the Bank of England BoE decided to maintain interest rat

Despite significant disagreement among policymakers, who voted 63 against a quarterpoint cut, the Bank of England BoE decided to maintain interest rates at 4.75%. In response to a weakening economy plagued by inflation, Deputy Governor Dave Ramsden and new committee member Alan Taylor joined longtime dove Swati Dhingra in calling for a cut. Governor Andrew Bailey stressed the need for careful rate decreases in light of the uncertain economy. Although the UK economy shrank in September and October, the BoEs projections suggest that there may be room for modest cuts in 2025, given ongoing inflation. Economists predict more rate reduction later in the year, and market estimates now predict a 45% chance of a rate cut in February. Read More..

B2B Tech News | 1 months ago        

India’s National Stock Exchange Leads Global IPO Market, Outpaces U.S. Exchanges

To counteract a slowdown in Chinese initial public offerings IPOs, dealmakers expect a spike in fresh share sales in Australia and India in 2025. The

To counteract a slowdown in Chinese initial public offerings IPOs, dealmakers expect a spike in fresh share sales in Australia and India in 2025. The National Stock Exchange in Mumbai has surpassed U.S. exchanges to become the busiest IPO market globally, thanks to a 149% increase in IPO value to $18.4 billion over the previous year. Indias strong growth helped it to take 16.8% of the global IPO market. The IPO volume in Australia increased by 294% due to big deals like HMC Capitals A$2 billion Digico REIT listing. The recent performance of new initial public offerings IPOs, especially Digico, has brought attention to modifying pricing expectations. In the meantime, Chinas initial public offering IPO market fell 74%, raising optimism for a rebound in the face of government stimulus plans. Read More..

B2B Tech News | 1 months ago        



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