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Brazil Maintains 2024 Growth Forecast at 2.5% Despite Flooding Challenges

Notwithstanding significant floods in Rio Grande do Sul, the Brazilian government has maintained its forecast for economic growth in 2024 at 2.5 per c

Notwithstanding significant floods in Rio Grande do Sul, the Brazilian government has maintained its forecast for economic growth in 2024 at 2.5 per cent, crediting stability to policies that assist households and companies. However, because of weaker actual and higher gasoline costs, the inflation projection has been revised from 3.7% to 3.9%, which is a further departure from the 3% objective. This year, the reals decline vs. the US dollar exceeded 13%. Growth is anticipated to drop to 2.6% in 2025 from 2.8%, while inflation is predicted to rise to 3.3% in 2025 from 3.2%. Because of the high cost of borrowing, growth has slowed. The central bank has kept interest rates at 10.5% in light of global uncertainty. Read More..

B2B Tech News | 1 years ago        

Paraguay to Enhance AntiDrug Efforts with Embraer Super Tucano A29 Fighter Purchase

On Thursday, Defence Minister Oscar Gonzalez said that Paraguay is in talks with Brazil to buy six Embraer Super Tucano A29 fighter jets for $96 milli

On Thursday, Defence Minister Oscar Gonzalez said that Paraguay is in talks with Brazil to buy six Embraer Super Tucano A29 fighter jets for $96 million to strengthen its efforts against drug trafficking. This agreement is a component of the Paraguayan governments more significant $500 million defence and security strategy. Gonzalez stated that he hoped to complete the agreement within the year and that it would assist in addressing "new threats" posed by organised crime and drug trafficking. Congress must provide its permission even though the administration has issued an order approving the purchase without holding a public tender. Uruguay recently disclosed that it is in negotiations to purchase six Embraer combat aircraft to bolster its military capabilities. Read More..

B2B Tech News | 1 years ago        

OpenAI Launches GPT4o Mini Affordable AI Model for Broader Accessibility

A more affordable and compact version of OpenAIs sophisticated AI model, GPT4o, is now available as GPT4o Mini. This new model is intended to provide

A more affordable and compact version of OpenAIs sophisticated AI model, GPT4o, is now available as GPT4o Mini. This new model is intended to provide comparable text, speech, and vision processing capabilities at a lower cost, making it more affordable for a broader range of users. By democratising AI technology, GPT4o Mini hopes to let more people use its sophisticated capabilities without paying exorbitant prices linked to larger devices. This action aligns with OpenAIs goal to provide robust AI tools to a broad audience. Read More..

B2B Tech News | 1 years ago        

MercedesBenz Partners with Starbucks for HighPower EV Charging Network Expansion

Starbucks and MercedesBenz HighPower Charging have teamed to build fastcharging stations at more than 100 sites nationwide. These 400 kW EV charging s

Starbucks and MercedesBenz HighPower Charging have teamed to build fastcharging stations at more than 100 sites nationwide. These 400 kW EV charging stations will be installed first along Interstate 5, which runs from Canada to Mexico. This programme is a component of MercedesBenzs larger strategy to build a strong charging network, which was introduced with a $1 billion investment. The network has grown to include many states in the Southeastern and Southwestern areas of the United States since 2023. In the next 12 to 18 months, expansion into over half of all U.S. states is planned. By the end of the decade, the goal is to have 10,000 charging stations worldwide, including important markets such as Europe, China, and other regions. Read More..

B2B Tech News | 1 years ago        

Serbia Prioritizes European Carmakers for Lithium, Boosting Ties with EU

According to President Aleksandar Vucic, Serbia prefers European automakers such as MercedesBenz, Volkswagen, and Stellantis when acquiring lithium to

According to President Aleksandar Vucic, Serbia prefers European automakers such as MercedesBenz, Volkswagen, and Stellantis when acquiring lithium to fortify its relationship with the EU over Chinese companies. In an interview with Handelsblatt, Vucic emphasised Serbias dedication to the electric car sector, reiterating Rio Tintos licence to create Europes largest lithium mine. Serbia wants to produce enough lithium annually to power 1.1 million electric cars, or around 17% of the market in Europe. With an emphasis on improving Europes battery supply chains, Vucic underlined that procurement agreements would necessitate central lithium processing and battery manufacture within Serbia. Read More..

B2B Tech News | 1 years ago        

BOJ Official Emphasizes Commitment to Accommodative Policy Ahead of Key Meeting

According to the Jiji news agency, senior Bank of Japan official Kazushige Kamiyama stressed the central banks dedication to upholding an accommodatin

According to the Jiji news agency, senior Bank of Japan official Kazushige Kamiyama stressed the central banks dedication to upholding an accommodating monetary policy environment. The forthcoming policy meeting is "crucial," according to Kamiyama, the former chief economist and current manager of the BOJs Osaka branch. At the BOJs upcoming meeting on July 3031, market speculation points to a possible interest rate hike from the present nearzero levels nevertheless, Kamiyamas remarks highlight the central banks cautious stance, which aims to sustain economic stability amid changing domestic and global conditions. Read More..

B2B Tech News | 1 years ago        

Singapore Expects 2% to 3% Economic Growth, Aligning with Potential Rate

Chia Der Jiun, managing director of Singapores Monetary Authority, anticipates that the nations economy will develop at a pace close to its potential,

Chia Der Jiun, managing director of Singapores Monetary Authority, anticipates that the nations economy will develop at a pace close to its potential, between two and three per cent each year. In addition to announcing MASs S$3.8 billion net profit for the 2023–2024 fiscal year, he also noted the asset management sector in Singapore had grown by 10% to S$5.41 trillion in managed assets. Chia also revealed MASs intention to support financial institutions by investing an extra S$100 million in artificial intelligence and quantum technologies. Amid attempts to revive the economy, Singapore is committed to promoting development and innovation and upholding strict regulatory standards in the financial industry, as demonstrated by these measures. Read More..

B2B Tech News | 1 years ago        

Semiconductor Index Plummets Over $500 Billion Amid Export Restriction Fears

The market value of Wall Streets semiconductor index dropped by more than $500 billion following rumours that the United States would impose stricter

The market value of Wall Streets semiconductor index dropped by more than $500 billion following rumours that the United States would impose stricter export restrictions on cuttingedge semiconductor technology to China. Donald Trumps remarks against Taiwans defence payments exacerbated the selloff. ASMLs U.S.listed shares plummeted 13%, Nvidias shares fell by over 7%, and other significant chipmakers such as AMD, Micron, and Broadcom saw notable decreases. In the meantime, businesses like GlobalFoundries and Intel, which operate in the United States, saw advantages. Analysts predict that the markets response to the existing limitations may only last for a while since they expect further geopolitical effects on the industry. Intel is wellpositioned to gain with continued U.S. policy backing, including the $52.7 billion Chips Act. Read More..

B2B Tech News | 1 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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