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Sudan Conflict Deepens South Sudan’s Economic and Political Crisis, Warns UN

South Sudans economic problems and political unpredictability are being exacerbated by the ongoing fighting in Sudan, according to UNMISS chief Nichol

South Sudans economic problems and political unpredictability are being exacerbated by the ongoing fighting in Sudan, according to UNMISS chief Nicholas Haysom. After hearing about South Sudanese deaths in Sudan, he drew attention to rising inflation, unpaid wages, and instability. The financial and logistical burden has also increased due to the governments request that UNMISS leave a portion of its offices. Sudanese oil export interruptions brought on by pipeline damage have further reduced income. With demands for swift government action, forced unity and sufficient financing, worries about South Sudans impending elections remain. Leaders are under increasing pressure to achieve peace accord requirements as the nation enters a new stretch of its transitional period, with promises of election preparations already underway. Read More..

B2B Tech News | 1 months ago        

Akasa Air Secures Fresh Funding from Premji, Pai, and 360 ONE

Wipro founder Azim Premjis investment office, Manipal Hospitals Chairman Ranjan Pai, and wealth management company 360 ONE are providing new cash to I

Wipro founder Azim Premjis investment office, Manipal Hospitals Chairman Ranjan Pai, and wealth management company 360 ONE are providing new cash to Indias Akasa Air. The family of the late billionaire Rakesh Jhunjhunwala is also providing more funding. The airline is under regulatory inspection for alleged rule infractions and operates a Boeing 737 MAX aircraft fleet. Akasa serves 22 domestic and five international cities, with 27 planes in service, with 226 more on order. After IndiGo and the Air India group, it ranked third with a 4.6% market share by the end of 2024. According to CFO Ankur Goel, the funds will help longterm sustainable growth and financial robustness to handle any obstacles in the changing aviation industry. Read More..

B2B Tech News | 1 months ago        

Franklin Templeton Seeks SEC Approval for New Crypto Index ETF

After Donald Trumps presidency, Franklin Templeton Investments hopes to profit from the expanding cryptocurrency sector by obtaining regulatory cleara

After Donald Trumps presidency, Franklin Templeton Investments hopes to profit from the expanding cryptocurrency sector by obtaining regulatory clearance for a new crypto index exchangetraded fund ETF. Trump has promised that the United States will become a global cryptocurrency centre and build a national bitcoin reserve for more institutional participation. Last year, the SEC, which had previously opposed crypto ETFs due to investor protection concerns, authorised bitcoin and ether ETFs. Several companies are awaiting clearance for ETFs connected to Solana and XRP. According to Franklin Templetons filing, the fund only owns bitcoin and ether to position the company for possible development in the changing crypto ETF market. However, it permits future expansion if the SEC accepts more digital assets. Read More..

B2B Tech News | 1 months ago        

BIS Warns Trump’s Trade Policies Could Destabilize Global Markets

Citing economic uncertainty that could affect global central banks and markets, the Bank for International Settlements BIS has warned about the danger

Citing economic uncertainty that could affect global central banks and markets, the Bank for International Settlements BIS has warned about the dangers associated with Donald Trumps trade policies and deregulation. The head of BIS, Agustin Carstens, emphasised worries about delayed investments, inflationary pressures, and unstable financial markets. He cautioned that economic conditions could become unstable due to growing debt, lax fiscal policies, and a growing difference between U.S. and international interest rates. A "race to the bottom" in financial oversight is feared due to Trumps possible reelection, endangering the consensus among regulators worldwide. In the face of persistent geopolitical uncertainty, central banks may find it difficult to control inflation and capital flows due to the U.S. economy growing at a different rate than other major economies. Read More..

B2B Tech News | 1 months ago        

India and Oman Make Headway in Comprehensive Economic Partnership Agreement Negotiations

The Comprehensive Economic Partnership Agreement CEPA, a potential Free Trade Agreement FTA, is being negotiated between India and Oman. Following a r

The Comprehensive Economic Partnership Agreement CEPA, a potential Free Trade Agreement FTA, is being negotiated between India and Oman. Following a recent visit to Muscat by Commerce and Industry Minister Piyush Goyal, both countries have settled disagreements over petrochemical products and want to hold more negotiations to resolve outstanding issues. The CEPA seeks to improve economic cooperation by simplifying trade regulations and substantially reducing or eliminating customs charges on traded goods. The fiscal year 2023–2024 saw a total of USD 8.94 billion in bilateral trade between India and Oman. Read More..

B2B Tech News | 1 months ago        

Piero Cipollone ECB Expects Three More Interest Rate Cuts This Year as Economy Recovers

Despite worries about the possible effects of the U.S.China trade war on the eurozone, Piero Cipollone, a European Central Bank ECB board member, said

Despite worries about the possible effects of the U.S.China trade war on the eurozone, Piero Cipollone, a European Central Bank ECB board member, said that more interest rate reductions are possible as inflation moderates. With at least three more cuts anticipated this year, the ECB has lowered borrowing prices five times since June to boost an economy emerging from the doldrums. Cipollone stressed that the fundamentals havent altered much since December, even if he noted that continuing trade tensions and rising energy prices make decisions more difficult. The ECB expects inflation to revert to the target of 2% this summer, even though it is now at 2.5 per cent. He was cautiously optimistic, saying that although trade disputes would hamper GDP, a recession is not anticipated. Read More..

B2B Tech News | 1 months ago        

ECB Optimistic About Digital Euro Amid Trump’s Support for DollarPegged Cryptocurrencies

ECB board member Piero Cipollone expressed optimism that the European Central Bank ECB will accelerate legislative support for the digital euro due to

ECB board member Piero Cipollone expressed optimism that the European Central Bank ECB will accelerate legislative support for the digital euro due to U.S. President Donald Trumps proposal to promote dollarpegged cryptocurrencies. The ECB wants to lessen reliance on significant U.S. payment processors like Visa and PayPal by using the digital euro as a central bankbacked online wallet. The digital euro initiative, which has made little headway since the European Commissions June 2023 legislation proposal, is made more urgent by Trumps support for stablecoins, Cipollone underlined. Amid fears about U.S. stablecoins taking deposits away from European banks, he voiced hope that the EU Parliament may complete this legislation by summer, opening the door for an ECB policymakers decision on the currencys possible launch in November. Read More..

B2B Tech News | 1 months ago        

Bank of Portugal’s Centeno Endorses Novo Banco IPO for Banking Sector Growth

Seeing Novo Bancos planned IPO benefitting the Portuguese banking industry, Bank of Portugals Governor Mario Centeno voiced support. Lone Star, a U.S.

Seeing Novo Bancos planned IPO benefitting the Portuguese banking industry, Bank of Portugals Governor Mario Centeno voiced support. Lone Star, a U.S. fund, owns 75% of Novo Banco, founded in 2014 following a government rescue of Banco Espirito Santo. It has been reported that Lone Star is contemplating a merger with another Portuguese bank, an Initial Public Offering IPO, and a complete sale of Novo Banco. Citing the need to preserve financial system stability, Centeno advised caution when making more acquisitions and consolidations. He pointed out that Portugals top five banks own more than 80% of the countrys banking assets, so thorough market analysis is necessary. Read More..

B2B Tech News | 1 months ago        



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