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WTO Cuts 2025 Global Trade Forecast, Predicts 0.2% Decline Amid U.S.China Tariffs

Instead of predicting 2.7% growth in global commercial trade in 2025, the World Trade Organisation WTO now predicts a 0.2% fall. With North American e

Instead of predicting 2.7% growth in global commercial trade in 2025, the World Trade Organisation WTO now predicts a 0.2% fall. With North American exports predicted to decline by 12.6%, the U.S.China trade war is mostly to blame for the decline. The WTO cautions that reintroducing reciprocal tariffs might result in a 1.5% decline in global trade, which would further affect the least developed nations. It is anticipated that the disruption in U.S.China trade will cause Chinese exports to shift to other areas, thereby intensifying rivalry. In 2024, India accounted for 1.8% of global merchandise exports and 2.8% of imports. Although there are still dangers, the WTO predicts a 2.5% trade rebound in 2026. Read More..

B2B Tech News | 1 months ago        

OpenAI’s $500 Billion Stargate AI Project Considers UK Investment

As it expands its worldwide AI infrastructure, OpenAIs $500 billion Stargate AI venture, supported by SoftBank and Oracle, is looking at UK investment

As it expands its worldwide AI infrastructure, OpenAIs $500 billion Stargate AI venture, supported by SoftBank and Oracle, is looking at UK investment. Due to its proinnovation laws and initiatives to enhance data centre electrical availability, the UK is emerging as a possible location for the project, which wants to construct cuttingedge data centres to support formidable AI models. OpenAI, Oracle, and SoftBank are interested in his promise to turn the UK into an AI superpower. France, Germany, and other European countries are also competing for investment. Sam Altman, the CEO of OpenAI, has previously indicated interest in starting a Stargate Europe, reaffirming the companys resolve to extend its AI infrastructure outside of the United States. Read More..

B2B Tech News | 1 months ago        

Bhutan Leverages Hydropower for Green Cryptocurrency Mining and Economic Growth

Using its hydroelectric resources to support economic growth and job creation, Bhutan is embracing green cryptocurrency mining. The nation has made mi

Using its hydroelectric resources to support economic growth and job creation, Bhutan is embracing green cryptocurrency mining. The nation has made millions in investments in digital assets like Bitcoin, and the proceeds are being used to fund infrastructure projects and pay government wages. To accomplish environmental, social, and governance ESG goals, officials are investigating whether big businesses could purchase Bhutans green currency. Since sustainability is a top priority on Bhutans Gross National Happiness GNH index, hydropowerbacked cryptocurrency mining is a calculated step. Over the next ten years, the government hopes to increase hydropower capacity from 3.5 GW to 15 GW, solidifying its status as a pioneer in environmentally responsible digital banking. The project also aims to alleviate the nations brain drain issues by educating young professionals in blockchain and artificial intelligence. Read More..

B2B Tech News | 1 months ago        

Cambodia Seeks Greater Financial Support from China Amid U.S. Tariff Pressures

As President Xi Jinping travels to Phnom Penh, Cambodia is looking to China for more investments, especially in infrastructure. The U.S. imposed a 49%

As President Xi Jinping travels to Phnom Penh, Cambodia is looking to China for more investments, especially in infrastructure. The U.S. imposed a 49% tariff on Cambodia, a significant exporter of apparel and footwear to the United States, which strengthened its relationship with China. The Cambodian government is hoping for Chinese assistance for the $1.7 billion Funan Techo Canal project, which aims to lessen dependency on Vietnamese ports. But China hasnt publicly committed to funding it yet. Xi has already visited Vietnam and Malaysia as part of a larger diplomatic campaign in Southeast Asia. There are still worries about fraud centres and military collaboration between China and Cambodia, despite their "ironclad" friendship. Read More..

B2B Tech News | 1 months ago        

Italy Sets Conditions for UniCredit’s Banco BPM Takeover, Including Russia Exit

According to reports, the Italian government requests that Banco BPM leave Russia as soon as possible for UniCredit to acquire the bank. Pressure from

According to reports, the Italian government requests that Banco BPM leave Russia as soon as possible for UniCredit to acquire the bank. Pressure from the European Central Bank on UniCredit to scale back its Russian business aligns with this action. Furthermore, the government is expected to mandate that UniCredit sustain Banco BPMs project financing levels and have a steady loantodeposit ratio. The agreement could be decided as early as Friday, but according to certain rumours, it might not be decided until 22 April. Although UniCredit has not yet provided a statement regarding the terms, the withdrawal from Russia may be crucial to obtaining approval for the purchase. Read More..

B2B Tech News | 1 months ago        

ASML Reports €3.9 Billion Q1 Bookings, Missing Analysts’ Expectations

With Q1 bookings of €3.9 billion $4.4 billion, ASML, the largest provider of chipmaking equipment worldwide, fell short of analysts forecasts of €

With Q1 bookings of €3.9 billion $4.4 billion, ASML, the largest provider of chipmaking equipment worldwide, fell short of analysts forecasts of €4.89 billion. Despite robust demand for AIdriven semiconductor tools, the company identified tariff uncertainty as a significant issue influencing its view for 2025 and 2026. Global trade tensions may affect future orders for ASMLs EUV lithography machines, which are essential for Nvidia and Apple. Although there are still macroeconomic uncertainties, CEO Christophe Fouquet stressed that investments in AI will spur growth. The company maintains its 2025 revenue forecast of €30 billion to €35 billion, although experts caution that trade restrictions may cause supply chain disruptions for semiconductors. Read More..

B2B Tech News | 1 months ago        

IndiaU.S. Bilateral Trade Agreement Aims to Double Trade to $500 Billion by 2030.

A bilateral trade agreement BTA between the United States and India aims to double trade to $500 billion by 2030. After virtual talks this week, inper

A bilateral trade agreement BTA between the United States and India aims to double trade to $500 billion by 2030. After virtual talks this week, inperson trade negotiations will start next month. By September or October 2025, the first phase of the agreement should be completed. India wants reduced tariffs on clothing, textiles, diamonds, and prawns, while the United States wants duty reductions on industrial commodities, electric vehicles, and agricultural products. Global tariff changes are causing import spikes, especially from China, Vietnam, and Indonesia, which officials watch. By strengthening economic relations in the face of changing global trade dynamics, the agreement might significantly increase trade prospects for both countries. Read More..

B2B Tech News | 1 months ago        

China’s Q1 GDP Grows 5.4%, But U.S. Tariffs Threaten Future Expansion

Chinas firstquarter GDP rose by 5.4%, which is above forecast, but it faces uncertainty due to rising U.S. tariffs. As manufacturers hurried shipments

Chinas firstquarter GDP rose by 5.4%, which is above forecast, but it faces uncertainty due to rising U.S. tariffs. As manufacturers hurried shipments before the 145% U.S. tariff surge going into force, the growth was propelled by robust exports. Though exports are predicted to drop precipitously in the upcoming months, analysts caution that this momentum might not endure. Despite government stimulus attempts, real estate investment is declining by around 10% annually. Consumer prices, on the other hand, dropped by 0.1%, indicating poor domestic demand. Beijing is focusing on increasing consumption to offset the effects of tariffs, but experts anticipate weaker growth in the future estimates for GDP in 2025 have been lowered to 3.4%. The trade war is still influencing Chinas economic prospects. Read More..

B2B Tech News | 1 months ago        



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