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IndiaASEAN Free Trade Review Set for February 2025 in Jakarta to Enhance Sustainable Trade

After the fourth round of negotiations concluded in New Delhi in November 2024, the next round of the IndiaASEAN Free Trade Agreement in Goods AITIGA

After the fourth round of negotiations concluded in New Delhi in November 2024, the next round of the IndiaASEAN Free Trade Agreement in Goods AITIGA review will be held in Jakarta, Indonesia, in February 2025. The objective of the evaluation is to improve sustainable trade with the ASEAN area. The AITIGA Joint Committee, comprising eight SubCommittees, will address various topics, including trade remedies, customs processes, rules of origin, and market access. Eleven per cent of Indias international trade is with ASEAN, making it a significant trading partner. With a 5.2% increase from April to October 2024, the bilateral commerce reached $121 billion in 2023–2024. Read More..

B2B Tech News | 1 months ago        

Indias Commerce Secretary Sunil Barthwal Strengthens Trade Ties with Norway During November Visit

On 22 November 2024, Secretary of Indias Department of Commerce Sunil Barthwal travelled to Norway to promote the Trade and Economic Partnership Agree

On 22 November 2024, Secretary of Indias Department of Commerce Sunil Barthwal travelled to Norway to promote the Trade and Economic Partnership Agreement TEPA and investigate market prospects in nations that are members of the European Free Trade Association EFTA. The visits objectives were to improve trade connections, draw USD 100 billion in investments, and increase Indian exports. Barthwal discussed trade, investment, and professional mobility with influential Norwegian leaders, such as Tomas Norvoll, Cecilie Myrseth, and Jan Christian Vestre. He also spoke with executives from industries like IT, shipping, and renewable energy. Indias young workforce benefits from TEPA, signed in March 2024 and expands market access for Indian goods and services while promoting job development, vocational training, and technology collaboration. Read More..

B2B Tech News | 1 months ago        

UniCredit Offers $10.57 Billion AllStock Deal to Acquire Banco BPM

UniCredit has offered an allstock agreement of around 10.09 billion euros $10.57 billion to buy Banco BPM, combining the second and third largest bank

UniCredit has offered an allstock agreement of around 10.09 billion euros $10.57 billion to buy Banco BPM, combining the second and third largest banks in Italy. Each BPM share in the offer is worth 0.175 UniCredit shares, representing a 0.4% premium over BPMs most recent closing price. Andrea Orcel, CEO of UniCredit, stressed that European banks must become more muscular to increase competitiveness. The purchase is anticipated to increase UniCredits earnings per share within two years. Banco BPM, which recently bought a 5% share in Monte dei Paschi di Siena and moved to buy Anima Holding, has yet to respond to the proposal. Read More..

B2B Tech News | 1 months ago        

Saudi Aramco’s Digital Arm in Talks to Invest $1 Billion in U.S. Telecom Company Mavenir

Aramco Digital, Saudi Aramcos digital division, is negotiating a $1 billion investment for a sizable minority position in Mavenir, a U.S.based provide

Aramco Digital, Saudi Aramcos digital division, is negotiating a $1 billion investment for a sizable minority position in Mavenir, a U.S.based provider of telecom software. Aiming to diversify its economy and invest in technology, Saudi Arabias Vision 2030 strategy includes this deal, which could value Mavenir at over $3 billion. Costeffective mobile network solutions are promised by Mavenirs groundbreaking work with Open Radio Access Network Open RAN technology, which is discussed. The possible investment from Aramco Digital would also involve a $200 million joint venture for regional technological development. To solidify its position in developing 5G and 6G networks, Aramco is making its first significant move in the telecom sector. Read More..

B2B Tech News | 1 months ago        

Kenya Cancels MultiMillion Dollar Deals with Adani Group Amid Investigation Fallout

President William Ruto of Kenya declared on Thursday that multimilliondollar agreements with Indian businessman Gautam Adani, particularly those about

President William Ruto of Kenya declared on Thursday that multimilliondollar agreements with Indian businessman Gautam Adani, particularly those about energy projects and airport expansion, had been cancelled. The president did not elaborate on the fresh material from partner countries and investigation agencies, but it suggested U.S. involvement. Due to worries about working conditions and job losses, the Adani Group was negotiating a deal to modernise Nairobis main airport, adding a runway and terminal in exchange for 30 years of airport management. This agreement sparked protests and strikes. Additionally, Adanis business signed a contract to construct power transmission lines in Kenya. Recently, Adani was charged by U.S. prosecutors with bribery, fraud, and deceiving investors in a solar energy project. Read More..

B2B Tech News | 1 months ago        

U.S. Targets Chinese Firms with New Import Bans Over Uyghur Forced Labor Allegations

Food, metals, and other goods from about 30 Chinese enterprises that are alleged to have exploited Uyghur forced labour in Chinas Xinjiang province ar

Food, metals, and other goods from about 30 Chinese enterprises that are alleged to have exploited Uyghur forced labour in Chinas Xinjiang province are now prohibited from entering the United States. This measure broadens the Uyghur Forced Labour Prevention Act Entity List to stop products connected to human rights violations from reaching the American market. Products like walnuts, tomato sauce, and other metals, including copper, lithium, and gold, are prohibited. After the act was passed in 2021, more than 100 companies are on the list overall. Beijing disputes the U.S. authorities accusation that China runs Uyghur internment camps. Companies are still under pressure from the United States to guarantee no forced labour in their supply networks. Read More..

B2B Tech News | 1 months ago        

Citigroup Expands Presence in Saudi Arabia with Regional HQ in Riyadh

According to an internal memo, Citigroup has received approval to establish its regional headquarters in Riyadh, Saudi Arabia. This move is part of th

According to an internal memo, Citigroup has received approval to establish its regional headquarters in Riyadh, Saudi Arabia. This move is part of the kingdoms broader strategy to attract foreign companies by offering tax incentives and compelling them to set up regional operations within Saudi Arabia to retain lucrative government contracts. Crown Prince Mohammed bin Salmans economic diversification plan aims to reduce the countrys dependency on oil by attracting global investment. Citis approval from the Ministry of Investment Saudi Arabia MISA highlights the growing presence of major financial institutions in the kingdom. Goldman Sachs also received authorisation earlier this year to set up a regional headquarters in Riyadh. Read More..

B2B Tech News | 1 months ago        

Bitcoin Surges Toward $100,000 Amid Hopes for ProCrypto Trump Policies

Expectations that Presidentelect Donald Trump will establish a favourable regulatory climate for cryptocurrencies have caused Bitcoin to soar beyond $

Expectations that Presidentelect Donald Trump will establish a favourable regulatory climate for cryptocurrencies have caused Bitcoin to soar beyond $100,000 for the first time. Bitcoins price has more than doubled since Trumps election triumph, increasing over 45% in only two weeks from its 2024 low of $38,505. This surge comes after several noteworthy events, such as the 2008 debut of Bitcoin, the 2010 first retail transaction, and repeated attempts to introduce a Bitcoin ETF that the SEC refused until recently. Institutional interest increased in 2024 due to Grayscales court victory and ETF applications from big companies like BlackRock and Fidelity. Bitcoin has reached alltime highs due to Trumps procrypto rhetoric and pledges to loosen regulations. Read More..

B2B Tech News | 1 months ago        



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