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Qatar Airways CEO Confirms Talks with Airbus and Boeing for WideBody Aircraft Order

The CEO of Qatar Airways, Badr Mohammed Al Meer, affirmed on Monday that the carrier is, in fact, in talks with Boeing and Airbus about placing a siza

The CEO of Qatar Airways, Badr Mohammed Al Meer, affirmed on Monday that the carrier is, in fact, in talks with Boeing and Airbus about placing a sizable order for widebody aircraft. Al Meer explained that although Bloomberg News stated negotiations were taking place for 200 aircraft, divided between the two manufacturers, the actual figure is higher, considering a threedigit purchase. He did not, however, reveal if the actual value was greater or lower than the stated amount. Widebody Airbus A350 and Boeing 777X aircraft are anticipated to be part of the purchase, which reflects the airlines continuous efforts to update and grow its fleet. Read More..

B2B Tech News | 1 years ago        

Gautam Adani Reclaims Title of Asias Richest Individual, Surpassing Mukesh Ambani

With a net worth of $111 billion, billionaire Gautam Adani has surpassed Mukesh Ambani to reclaim the title of richest person in Asia, according to th

With a net worth of $111 billion, billionaire Gautam Adani has surpassed Mukesh Ambani to reclaim the title of richest person in Asia, according to the Bloomberg Billionaires Index. Adani Group stocks surged after a Jefferies study highlighted the conglomerates $90 billion development ambitions, propelling Adani to the 11th position globally. Adani Groups overall market value increased to ₹17.94 lakh crore during intraday trading due to the surge, adding ₹1.23 lakh crore to investor wealth. Despite obstacles in 2023 brought on by judicial examination after the Hindenburg report, Adani voiced optimism for the groups future, pointing to previously unheardof potential. Read More..

B2B Tech News | 1 years ago        

Exit Polls Indicate Third Consecutive Term for Indias BJP, Spurring Sustainability Expectations

Exit polls point to Prime Minister Narendra Modis ruling BJP in India winning a third term, raising hopes for further environmental initiatives. To ma

Exit polls point to Prime Minister Narendra Modis ruling BJP in India winning a third term, raising hopes for further environmental initiatives. To maintain economic growth, EverEnviro Resource Management Pvt Ltd CEO Mahesh Girdhar emphasises innovation, publicprivate partnerships, and the renewable energy industry. The focus is on developing infrastructure, streamlining tax laws, and encouraging organic farming and biogas. Sector heads push for robust frameworks to tackle financial constraints in renewable energy, proposing accessible funding and risksharing arrangements. Shivdutt Das of Vishwa Samudra Group emphasised that continuous dedication to infrastructure development is essential, regardless of election results. The BJP platform contains Prime Minister Modis commitment to sustainability, which calls for increasing the use of nonfossil fuels in producing power and netzero emissions by 2070. Read More..

B2B Tech News | 1 years ago        

59th Annual Meetings of African Development Bank in Nairobi Address Climate Finance and Youth Empowerment

Over 3,000 people from 82 nations attended the 59th Annual Meetings of the African Development Bank AfDB in Nairobi, Kenya, focusing on changes to the

Over 3,000 people from 82 nations attended the 59th Annual Meetings of the African Development Bank AfDB in Nairobi, Kenya, focusing on changes to the global financial architecture to address climaterelated issues. To close the finance gap for climate change by 2030, the African Development Bank AfDB emphasised that African nations must obtain $213 billion a year from the private sector. Akinwumi Adesina, the outgoing president, emphasised the need for young empowerment to drive solutions and climate resilience. Discussions also focused on raising capital to preserve the Banks tripleA rating, with Kenyan President William Ruto promising $100 million to boost the nations stake. In addition, the AfDB published its TenYear Strategy 2024–2033 to address Africas economic challenges. Read More..

B2B Tech News | 1 years ago        

Apollo Global Acquires 49% Stake in Intel’s $11 Billion Irish Facility

In Leixlip, Ireland, Apollo Global Management will purchase a 49% ownership stake in Intels planned $11 billion manufacturing facility. The agreement,

In Leixlip, Ireland, Apollo Global Management will purchase a 49% ownership stake in Intels planned $11 billion manufacturing facility. The agreement, anticipated to finalise in Q2, enables Intel to reallocate its investment. With an initial investment of $18.4 billion, Intel is building the plant, which will be the first to use its cuttingedge EUV lithography technology. While Intel maintains ownership and management, the joint venture allows chip fabrication to occur at the location. This action is consistent with Intels plan to use funds and subsidies from the European Commission. According to CFO David Zinsner, the transactions favourable conditions give Intel financial flexibility as it manages the sluggish demand for conventional processors in the face of a rising market for AI components. Read More..

B2B Tech News | 1 years ago        

TSMC Weighs Moving Chip Plants Amid China Tensions, But 8090% Remains in Taiwan

Taiwanese chipmaker TSMC has held talks with some customers about moving its chip plants off the island due to rising tensions with China. However, TS

Taiwanese chipmaker TSMC has held talks with some customers about moving its chip plants off the island due to rising tensions with China. However, TSMC Chairman C.C. Wei stated that it would be impossible to move chip factories out of the island, as 8090% of its production capacity is in Taiwan. The company is grappling with orders for highend chips offering generative artificial intelligence tools and services. TSMC has also had discussions with ChatGPT creator OpenAI over AI chip supplies, which the Taiwanese firm considered "too aggressive". Last year, TSMC and Altman discussed a potential partnership to build around three dozen factories to acquire enough silicon to meet their growing need. Despite the tensions in China, the topic of a possible war and its impact on chip supply chains has barely been featured at the annual Computex technology trade show in Taipei. Read More..

B2B Tech News | 1 years ago        

Atos Nearing Decision on Shareholder Dilution Kretinsky, Layani Proposals Compete

As it evaluates two rescue bids, backed by Czech billionaire Daniel Kretinsky and significant shareholder David Layani, French IT company Atos risks m

As it evaluates two rescue bids, backed by Czech billionaire Daniel Kretinsky and significant shareholder David Layani, French IT company Atos risks massive shareholder dilution. The beleaguered business, whose stock has plummeted, intends to decide by Wednesday. The disclosure of both plans in May is expected to result in a significant dilution of current shareholders. To complete the restructuring agreement by July, Atos is collaborating with financial creditors to get approval for one of the agreements by June 5. The two surviving agreements come after a string of fruitless takeover talks, including with the French government and Airbus. In April, the government indicated its interest in purchasing a portion of Atos company. The government may bid nonbinding in early June, although Atos stated that due diligence is still in progress. Read More..

B2B Tech News | 1 years ago        

China Takes Active Role in Zambias Debt Restructuring Mao Ning

A spokesman for the Chinese Foreign Ministry, Mao Ning, said that China is keeping an eye on the discussions about Zambias debt restructuring and will

A spokesman for the Chinese Foreign Ministry, Mao Ning, said that China is keeping an eye on the discussions about Zambias debt restructuring and will assist the nation in resolving pertinent matters. Mao emphasised that China was the first recognised foreign creditor to relieve Zambia of its debt and was playing a significant role in the matter. To support Zambia and other African nations in achieving more significant economic and social advancement, she urged the international community to collaborate with China and take decisive action. Despite an agreement with bilateral lenders last year covering over $6 billion, Zambia still owes around $7 billion on debt that needs to be resolved. The countrys quest for debt relief has been long and exhausting, with a deal with bondholders to restructure about $3 billion of debt rejected by official creditors last October. Read More..

B2B Tech News | 1 years ago        



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