Header-template

 Global News

Subscribe our Newsletter

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

BUSINESS NEWS

Microsoft in Landmark Purchase of 8 Million Carbon Offset Credits from BTG Pactual TIG

By agreeing to sell Microsoft 8 million carbon offset credits, Brazils BTG Pactual Timberland Investment Group TIG has achieved a significant agreemen

By agreeing to sell Microsoft 8 million carbon offset credits, Brazils BTG Pactual Timberland Investment Group TIG has achieved a significant agreement that is purportedly the largest of its kind to date. These credits came from BTG Pactual TIGs forest restoration initiatives throughout Latin America, eliminating 8 million tonnes of carbon dioxide emissions. By funding emissionreduction initiatives abroad, carbon offset certificates enable businesses like Microsoft to compensate for their greenhouse gas emissions. The deals financial details were kept a secret. Microsoft, wellknown for its aggressive climate objectives, such as achieving carbon neutrality by 2030, still needs to provide a statement about the deal. This accord highlights the increasing significance of carbon markets in international efforts to address climate change. Read More..

B2B Tech News | 1 months ago        

International Day of Family Remittances Celebrates Global Economic Impact

The UNs International Fund for Agricultural Development IFAD created the International Day of Family Remittances IDFR to highlight remittances vital r

The UNs International Fund for Agricultural Development IFAD created the International Day of Family Remittances IDFR to highlight remittances vital role in world economies. Remittance flows have quintupled over the last 20 years, reaching sizeable amounts that support millions, particularly in rural regions confronting poverty and climatic issues. 1.4 billion persons worldwide are still unbanked despite these advancements, with women being disproportionately impacted. Even though they have decreased from 9.7% to 6.2% since 2009, remittance expenses still surpass the 3% objective set by the UN under the Sustainable Development Goals. Although access has increased due to digitalization, there are still issues, particularly in nations like Kenya, where expenses are still high despite significant inflows. IDFR events highlight these issues and celebrate migrant contributions while urging continued efforts to reduce costs and enhance financial inclusion through remittances. Read More..

B2B Tech News | 1 months ago        

Nvidias Market Cap Hits $3.335 Trillion, Overtaking Microsoft

With a market valuation of $3.335 trillion, Nvidia NVDA.O eclipsed Microsoft MSFT.O on Tuesday to take the top spot as the most valuable business in t

With a market valuation of $3.335 trillion, Nvidia NVDA.O eclipsed Microsoft MSFT.O on Tuesday to take the top spot as the most valuable business in the world. Due mainly to its superior processors, Nvidia has risen to the top of the artificial intelligence technological race. Amidst Wall Streets confidence in AI, the chipmakers stock continued its remarkable run, rising 3.5% to $135.58. Nvidias over threefold increase in market value this year alone highlights its superiority in AI chips, even in the face of supply restrictions. Its substantial influence on the market is demonstrated by Nvidia, which currently represents over 16% of all trading in S&P 500 firms, with daily trading volumes averaging $50 billion. Read More..

B2B Tech News | 1 months ago        

Tesla Files $1 Billion Lawsuit Against Matthews International Over Trade Secret Theft

Tesla has sued former supplier Matthews International in federal court in California, claiming that trade secrets about the companys cuttingedge batte

Tesla has sued former supplier Matthews International in federal court in California, claiming that trade secrets about the companys cuttingedge battery manufacturing technology have been stolen and misused. According to the complaint submitted on Friday, Matthews should be compensated for more than $1 billion for allegedly disclosing to rival companies Teslas trade secrets for producing dry electrode batteries. In response, Matthews declared that Teslas lawsuit was an attempt to intimidate and unlawfully take ownership of Matthews intellectual property and vowed to mount a strong defence. Tesla claims that Matthews filed patents utilising its inventions without permission, disclosing private information, and sold devices carrying its trade secrets to unidentified rivals. To stop future use of its trade secrets, Tesla asks the court to step in and demand that Matthews provide over its patent applications in exchange for financial compensation. Read More..

B2B Tech News | 1 months ago        

You.com Raises $50 Million in Series B Funding to Expand AI Assistant Capabilities

The firm behind You.com, SuSea Inc., aims for a valuation of $700 million to $900 million. It is now wrapping up a $50 million Series B investment rou

The firm behind You.com, SuSea Inc., aims for a valuation of $700 million to $900 million. It is now wrapping up a $50 million Series B investment round to strengthen its position in the AI assistant industry. With 1 billion user inquiries handled since its start, You.com has demonstrated its increasing user engagement despite competition from IT behemoths like Microsoft and Google. The platform has changed its emphasis to stand out in a competitive market and evolved into an AI assistant that provides productivity features and internet search skills. You.com, led by CEO Richard Socher previously of Salesforce, uses sophisticated AI models to handle a variety of activities, from writing prose to answering technical questions. Read More..

B2B Tech News | 1 months ago        

Fisker Files for Chapter 11 Bankruptcy Amid Failed Deal Talks

Due to unsuccessful transaction talks with a giant carmaker, Fisker, a U.S. producer of electric vehicles EVs, filed for Chapter 11 bankruptcy protect

Due to unsuccessful transaction talks with a giant carmaker, Fisker, a U.S. producer of electric vehicles EVs, filed for Chapter 11 bankruptcy protection. This left the company exposed after spending a significant amount of money to launch the Ocean SUV in the U.S. and Europe. Fisker Group Inc. disclosed its $500 million to $1 billion in assets and $100 million to $500 million in liabilities in its Delaware bankruptcy case. After negotiations with a giant carmaker broke down in March, Fisker started looking for other restructuring alternatives. Fisker encountered sales, regulatory scrutiny, and financial access difficulties while producing over 10,000 vehicles in 2023—well below projections—and delivering just 4,700. These obstacles stemmed from the competitive EV market circumstances and worldwide supply chain disruptions. Read More..

B2B Tech News | 1 months ago        

Australias RBA Keeps Interest Rates Steady at 4.35% Amid Sluggish Economic Growth

In line with market forecasts, the Reserve Bank of Australia RBA kept interest rates at 4.35% during its June policy meeting. Even with unexpectedly m

In line with market forecasts, the Reserve Bank of Australia RBA kept interest rates at 4.35% during its June policy meeting. Even with unexpectedly modest wage growth and a 0.1% slowdown in economic growth in the first quarter, inflation has remained persistently high, barring the RBA from considering rate decreases in 2024. Citing conflicting recent economic indicators, the central bank underscored the need to maintain vigilance against inflation threats. Even while inflation hit a fivemonth high of 3.6% in April, efforts by the government, such as power subsidies, are expected to reduce pressure on the cost of living. Economists advise against raising interest rates too soon, claiming that concentrating too much on demand management in the face of deteriorating economic data and declining inflation may cause an unwarranted recession. Read More..

B2B Tech News | 1 months ago        

Infocom to Decide on Blackstones Takeover Bid, Board Announcement Pending

Infocom has stated that the board will announce Blackstones purchase offer as soon as the required disclosure documents are ready. This comes after a

Infocom has stated that the board will announce Blackstones purchase offer as soon as the required disclosure documents are ready. This comes after a story in the daily Nikkei that said Blackstone had reached a contract to buy Infocom for around 6,000 yen per share, or about 280 billion yen $1.78 billion, and that the sale will go into effect shortly. Since rumours of the possible takeover first arose last month, Infocom—known for its digital comic site MechaComic—has witnessed a 100% increase in its share price. On Tuesday, it crossed 6,000 yen, up from less than 3,000 yen in early May. Infocom, presently listed on the Tokyo Stock Exchange Prime market, will go private if the deal goes through. 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.