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Amazon to Invest $233 Million in India to Boost Fulfillment and Delivery Network

In order to develop new fulfilment technologies, improve delivery safety, and grow and update its operational infrastructure, Amazon plans to invest $

In order to develop new fulfilment technologies, improve delivery safety, and grow and update its operational infrastructure, Amazon plans to invest $233 million ₹2,000 crore in India by 2025. By supporting the opening of new locations and the renovation of current ones, the investment will increase processing capacity and delivery speed nationwide. Additionally, it represents Amazons increased foray into the fastpaced market, where it is increasingly up against rivals like Zepto, Blinkit, and Swiggy. Initiatives like Ashray rest areas, Samridhi financial literacy, and Sushruta healthcare for drivers will also be funded in order to enhance the health and financial security of staff members. Amazons overarching objective of investing $26 billion in India by 2030 is in line with this action. Read More..

B2B Tech News | 4 months ago        

China Accelerates Digital Yuan Push to Challenge Dollar Dominance

In order to transform the global monetary system into a multipolar currency order, Chinas central bank is stepping up its efforts to promote the digit

In order to transform the global monetary system into a multipolar currency order, Chinas central bank is stepping up its efforts to promote the digital yuan, or eCNY. To lessen the worlds dependency on the US dollar, Governor Pan Gongsheng announced the establishment of a worldwide operations centre for eCNY at the Lujiazui Forum in Shanghai. He promoted the coexistence and rivalry of sovereign currencies, arguing that an excessive reliance on a single currency raises systemic dangers. Expanding the CrossBorder Interbank Payment System CIPS and promoting the use of yuanbased settlements by international banks such as Standard Bank and First Abu Dhabi Bank are two aspects of Chinas approach. The drive is in line with more general geopolitical changes and growing interest in digital currencies as substitutes for established, dollardominated institutions. Read More..

B2B Tech News | 4 months ago        

Japan’s JERA Secures 5.5 MTPA of U.S. LNG in 20Year Supply Agreements

Under 20year contracts, Japans largest power generator, JERA, has committed to buying 5.5 million metric tonnes per annum MTPA of U.S. liquefied natur

Under 20year contracts, Japans largest power generator, JERA, has committed to buying 5.5 million metric tonnes per annum MTPA of U.S. liquefied natural gas LNG, with delivery beginning in 2030. By diversifying its global portfolio, JERA hopes to lessen its need for Australian LNG while ensuring a flexible and affordable supply. The agreements, which guarantee Japans longterm energy security, include agreements with Sempra Infrastructure, Cheniere Marketing, Commonwealth LNG, and NextDecade. LNG is essential for Japans expanding power consumption, especially given the growth of data centres and the high cost of hydrogen and ammonia alternatives, stressed Yukio Kani, Global CEO of JERA. Read More..

B2B Tech News | 4 months ago        

UK Economy Shrinks by 0.3% in April as Services and Production Decline

After growing by 0.2% in March 2025, the UK GDP shrank by 0.3% in April 2025, according to the Office for National Statistics ONS. While construction

After growing by 0.2% in March 2025, the UK GDP shrank by 0.3% in April 2025, according to the Office for National Statistics ONS. While construction expanded by 0.9%, the dip was mostly caused by a 0.4% drop in services output and a 0.6% drop in manufacturing. Citing U.S. tariffs as a possible drag on British output, the Bank of England lowered its 2026 growth prediction to 1.25%. The increase of the services sector helped the GDP grow by 0.7% in the three months leading up to April, despite the monthly decrease. Read More..

B2B Tech News | 4 months ago        

India and EU Finalize Five Key Chapters in Free Trade Agreement Negotiations

Five chapters of the free trade agreement FTA negotiations between India and the EU have been completed. These chapters address intellectual property,

Five chapters of the free trade agreement FTA negotiations between India and the EU have been completed. These chapters address intellectual property, trade facilitation and customs, transparency, good regulatory practices, and mutual administrative assistance. During the May 12–16 talks in New Delhi, the EU suggested online applications and the accreditation of EU Conformity Assessment Bodies as ways to streamline certification procedures under Indias Quality Control Orders QCOs. Both parties hope to finalise the FTA by the end of 2025, and the 12th round of negotiations is set for July in Brussels. Read More..

B2B Tech News | 4 months ago        

Paytm Shares Drop 10% as Finance Ministry Rejects UPI Transaction Fee Rumors

After Indias Finance Ministry rejected allegations that UPI transaction fees would be introduced, claiming they were unfounded and untrue, Paytms stoc

After Indias Finance Ministry rejected allegations that UPI transaction fees would be introduced, claiming they were unfounded and untrue, Paytms stock fell 10%. Though the government reiterated its commitment to zero MDR Merchant Discount Rate for UPI payments, the conjecture had stoked expectations of greater payment margins. Analysts caution that Paytms adjusted core profitability may drop by more than 10% in FY26 and FY27 in the absence of MDR or further government incentives. Citing high operating costs, the Payments Council of India had earlier urged the government to reevaluate MDR for major merchants. Read More..

B2B Tech News | 4 months ago        

ECB Cuts Interest Rates to 2% as Inflation Falls Below Target

After a peak of 4% in 2023–2024, the European Central Bank ECB lowered its benchmark deposit rate to 2% for the seventh time. Amid a declining Euroz

After a peak of 4% in 2023–2024, the European Central Bank ECB lowered its benchmark deposit rate to 2% for the seventh time. Amid a declining Eurozone economy and trade concerns with the United States, the move attempts to boost consumers and businesses. ECB President Christine Lagarde stressed that there is still an opportunity for additional easing because inflation has dropped to 1.9%, which is below the 2% target. Inflation is expected to return to 2% by 2027, although the ECB also lowered its 2026 inflation projection to 1.6%. Because of the uncertainties surrounding U.S. trade policies, the ECB is still cautious, even if analysts expect more rate reductions. Read More..

B2B Tech News | 4 months ago        

Ethiopia Projects 8.9% GDP Growth for 2025/2026 Amid Debt Challenges

Finance Minister Ahmed Shide has raised the forecast for Ethiopias economys growth from 8.4% to 8.9% in fiscal year 2025–2026. Despite this hope, E

Finance Minister Ahmed Shide has raised the forecast for Ethiopias economys growth from 8.4% to 8.9% in fiscal year 2025–2026. Despite this hope, Ethiopia still has problems with inflation, debt, and currency shortages. The country agreed to stop supporting its currency and undertake a 30% devaluation in exchange for a $3.4 billion rescue from the IMF, which helped to drive inflation to 14.4% in April. For economic stabilisation, the central bank has restricted lending to the private sector and tightened controls on the money supply. Ethiopia must also fulfil its obligations to economic transformation by allowing foreign investment in its banking and telecommunications industries. Read More..

B2B Tech News | 4 months ago        



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