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Putin Remains Bullish on Russias Economic Growth Amid Sanctions

At the St. Petersburg International Economic Forum, President Vladimir Putin gave investors comfort by emphasising Russias economic resiliency in the

At the St. Petersburg International Economic Forum, President Vladimir Putin gave investors comfort by emphasising Russias economic resiliency in the face of harsh international sanctions related to its activities in Ukraine. Putin highlighted the nations growing economic connections with the Middle East, Asia, and Africa. Putin underlined Russias continuous involvement in international commerce despite the restrictions limiting participation by Western authorities and investors. He said that the crisis in Ukraine, which has grown economically consequential for the Kremlin, was partially to blame for Russias economic expansion. Putin emphasised governmental investment in military equipment and volunteer support as drivers of economic success despite obstacles like limited imports. In addition, Putin discussed possible reprisals against NATO partners, highlighting Russias preparedness to use nuclear and longrange weaponry to protect its sovereignty. Read More..

B2B Tech News | 1 years ago        

Walmarts Flipkart and PhonePe Eye IPOs in the Coming Years, Says Executive

Executive vice president for corporate affairs at Walmart, Dan Bartlett, indicated that initial public offerings IPOs may occur in the coming years fo

Executive vice president for corporate affairs at Walmart, Dan Bartlett, indicated that initial public offerings IPOs may occur in the coming years for the companys Flipkart marketplace and PhonePe digital payments network. Despite Flipkarts maturity, PhonePes IPO may be given priority due to its significance in Indias digital payments market. One crucial issue Bartlett emphasised was PhonePes connectivity with Indias Unified Payments Interface UPI. Before PhonePe goes public, procedures must be set up, including thoughts about listing on the Indian exchange or elsewhere. With their strong growth, Flipkart and PhonePe both have the potential to develop into $100 billion companies. In the fiscal year 2023, PhonePes revenue increased by 77%, demonstrating its substantial market dominance in digital payments in India. Read More..

B2B Tech News | 1 years ago        

Short Bets Against Nvidia Reach $34 Billion Amid Soaring Stock

Some investors are placing bets against Nvidias future trajectory as its stock continues its explosive ascent, surpassing Apple to become the second m

Some investors are placing bets against Nvidias future trajectory as its stock continues its explosive ascent, surpassing Apple to become the second most valuable business in the world. There are almost twice as many short bets on Nvidia as against Apple and Tesla combined, totalling almost $34 billion. Nevertheless, the fact that these short positions only account for 1% of Nvidias market capitalization suggests that a comparatively tiny proportion of investors doubt the companys current valuation. Even though the value of its shares has recently declined, Nvidias stock has increased 143% by 2024 due to the companys unquenchable need for highend AI chips. Microsoft is still the most valuable corporation, with a market value of $3.15 trillion Read More..

B2B Tech News | 1 years ago        

CoinDCX Launches CoinDCX Prime for HighNetWorth Crypto Investors

In response to the growing demand from highnetworth people and institutions for cryptocurrency investments, CoinDCX has launched CoinDCX Prime, a cust

In response to the growing demand from highnetworth people and institutions for cryptocurrency investments, CoinDCX has launched CoinDCX Prime, a customised package of services meant just for this customer base. CoinDCX Prime provides a tailored investing experience with a minimum investment portfolio of INR 50 Lakhs. It includes access to yieldgenerating possibilities, lowfee structures, experienced tax and legal guidance, and dedicated account managers. With CoinDCX Prime, the platforms OTC desk and VIP programme are expanded upon, addressing the increasing trend of diversifying portfolios with alternative investments such as cryptocurrency assets. Head of Strategy and Growth at CoinDCX, Minal Thukral, highlighted the platforms compliancefirst philosophy and track record of trust among retail users, establishing CoinDCX as a reliable partner for institutional investors, family offices, and HNIs. Read More..

B2B Tech News | 1 years ago        

Central Bank of Congo Mandates Exclusive Use of Francs for Electronic Payments

To strengthen the Congolese franc and lessen dependency on the US dollar, the Central Bank of the Congo BCC has ordered that all Electronic Payment Te

To strengthen the Congolese franc and lessen dependency on the US dollar, the Central Bank of the Congo BCC has ordered that all Electronic Payment Terminals EPTs in the Democratic Republic of the Congo DRC only take Congolese francs. This action aligns with the initiatives to counter dollarization and advance financial inclusion that former Finance Minister Nicolas Kazadi spearheaded. The economy is becoming increasingly dollarized because just 13% of EPTs currently take francs. The BCCs policy supports previous steps requiring pricing and state payments in the national currency. Furthermore, all bank cards will be integrated by the "switch monétique" programme, which will increase the cost of dollar transactions and encourage the usage of the franc. However, experts like economist AL Kitenge say longterm success in depolarizing the economy still depends on stability. Read More..

B2B Tech News | 1 years ago        

Global Public Debt Hits Record $97 Trillion, Straining Developing Nations

In 2023, the total public debt worldwide hit a record $97 trillion, with developing countries bearing about onethird of this load. This strains these

In 2023, the total public debt worldwide hit a record $97 trillion, with developing countries bearing about onethird of this load. This strains these governments capacity to pay for essential services like healthcare, education, and climate action. According to UN Trade and Development, highinterest payments are outpacing growth in critical sectors of public spending. Developing nations are particularly challenged one in three spend more on interest payments than essential programmes. Uneven economic performance and cascading crises aggravate the increase in the worlds public debt, particularly in developing nations. The African Union and President Biden are among the leaders who have called for action to solve this problem and lessen the debt load on developing countries. Read More..

B2B Tech News | 1 years ago        

South KoreaAfrica Summit Concludes with Focus on Shared Growth and Sustainability

At the end of the KoreaAfrica Summit, South Korean President Yoon Suk Yeol highlighted sustainable growth and shared prosperity, establishing mining c

At the end of the KoreaAfrica Summit, South Korean President Yoon Suk Yeol highlighted sustainable growth and shared prosperity, establishing mining cooperation with African countries to safeguard essential resources in the face of unpredictable global supply chains. African delegates decided to start ministeriallevel discussions on mineral resources to increase supply chain resilience. Foreign Minister Cho Taeyul emphasised that South Koreas strategic outreach to Africa seeks to realise ambitions for foreign policy through increased collaboration. Agreements with the African Development Bank further demonstrate South Koreas commitment to the success of both parties. It promises to enhance investments and development aid. Both parties aim to strengthen trade and investment ties despite the modest levels of commerce that now exist, acknowledging Africas increasing significance in the dynamics of the global economy. Read More..

B2B Tech News | 1 years ago        

Indian Carriers Split Over Bilateral Rights with West Asian Countries

There is disagreement among Indian carriers on whether the government should give West Asian nations like Qatar and the United Arab Emirates broader b

There is disagreement among Indian carriers on whether the government should give West Asian nations like Qatar and the United Arab Emirates broader bilateral privileges. Air India and SpiceJet contend that India needs to give precedence to constructing its hubs, whilst Akasa Air and IndiGo maintain that the choice should be reached following a comprehensive evaluation. The CEO of Air India voiced worries about possible effects on longhaul flights while highlighting the value of Indian airlines in providing passenger service to faroff places. Similar views were expressed by SpiceJets CEO, who supported the growth of Indian hubs. On the other hand, IndiGo and Akasa Air recommended weighing several criteria before deciding. They emphasised the necessity for a nuanced strategy and the need to acknowledge commercial relationships with the Middle East. Read More..

B2B Tech News | 1 years ago        



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Refresh Your Facts

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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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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.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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