Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Asia’s Growth at Risk IMF Highlights Impact of Retaliatory Tariffs on Regional Economy

Retaliatory tariffs might hurt Asias economic prospects by impeding growth, increasing costs, and destroying supply chains, the International Monetary

Retaliatory tariffs might hurt Asias economic prospects by impeding growth, increasing costs, and destroying supply chains, the International Monetary Fund IMF said. IMF AsiaPacific Director Krishna Srinivasan emphasised that tariffs, such as the European Unions levies on Chinese electric vehicles and the United States plans for a 60% tax on Chinese imports, might impede exports, restrict global commerce, and raise inflation. The IMFs World Economic Outlook predicts global growth to be 3.2% in 2024 and 2025, with Asias growth continuing to be higher at 4.6% this year. However, Asias economy is in danger from rising trade tensions and monetary policy uncertainties in developed nations, which affect financial markets and capital flows. Read More..

B2B Tech News | 1 months ago        

Congressmanelect Suhas Subramanyam Opposes Tariffs on India, Warns of Trade War

Suhas Subramanyam, the US Congressmanelect, has stated that he is against putting tariffs on India, stating that doing so might spark a trade war. He

Suhas Subramanyam, the US Congressmanelect, has stated that he is against putting tariffs on India, stating that doing so might spark a trade war. He highlighted how crucial it is to deepen economic connections between the US and India since he thinks it is advantageous for both countries. Along with calling for a secure border and legal immigration changes, Subramanyam, who will serve in Virginias 10th District, also advocated for a reform of the US immigration system. He also resisted the incoming administrations proposal to reduce federal employment. Read More..

B2B Tech News | 1 months ago        

Nigeria Secures $1.2 Billion Deal with China to Revitalize Gas Facility and Boost Aluminium Production

Nigeria and Chinas CNCEC have agreed to a $1.2 billion agreement to restore a gas processing plant at the Nigerian Aluminium Smelter Company. This col

Nigeria and Chinas CNCEC have agreed to a $1.2 billion agreement to restore a gas processing plant at the Nigerian Aluminium Smelter Company. This collaboration aims to increase Nigerias aluminium output and establish it as a significant producer in local and global markets. The agreement is viewed as a step towards economic recovery and more international investment despite the nations financial difficulties, which include rising inflation and a depreciating currency. The partnership strengthens ties between China and Nigeria, which have been closer since 2016. Read More..

B2B Tech News | 1 months ago        

Peru and Japan Sign Defense and Mining Cooperation Deals, Strengthening Bilateral Ties

After the APEC conference, Japans Prime Minister Shigeru Ishiba and Peruvian President Dina Boluarte held an official visit and inked agreements on mi

After the APEC conference, Japans Prime Minister Shigeru Ishiba and Peruvian President Dina Boluarte held an official visit and inked agreements on mining and defence cooperation. With Japan being a significant buyer of Peruvian copper, the agreements entail strengthening mining supply lines. Peru also inked a defence arrangement with South Korea, including the production of fighter jet parts and a submarine agreement. Chinas President Xi Jinping was present at the recent opening of the Chancay mega port in Peru, which improves trade between Asia and Latin America. Read More..

B2B Tech News | 1 months ago        

Alibaba Targets $5 Billion in Bond Issuance for Debt Repayment and Share Buybacks

Alibaba Group intends to issue offshore yuan and dollar bonds to raise $5 billion. Bonds with maturities of 5.5, 10.5, and 30 years are included in th

Alibaba Group intends to issue offshore yuan and dollar bonds to raise $5 billion. Bonds with maturities of 5.5, 10.5, and 30 years are included in the dollar tranche, whilst bonds with maturities of 3.5, 5, 10, and 20 years are included in the yuan tranche. Repurchases of shares and debt repayment are among the general business uses for the money raised. The company determines the ultimate amount, interest rates, and maturity dates as the deal progresses. Read More..

B2B Tech News | 1 months ago        

Tata Electronics Acquires Majority Stake in Pegatrons iPhone Facility in India

By purchasing most of Pegatrons only iPhone production plant in India, Tata Electronics has established a joint venture in which Tata would oversee 60

By purchasing most of Pegatrons only iPhone production plant in India, Tata Electronics has established a joint venture in which Tata would oversee 60% of the business. The action strengthened Tatas position as an Apple supplier, aligning with Apples larger plan to diversify its production outside of China. This purchase supports Tatas previous acquisition of the Wistron facility and current initiatives to enhance production capacity in India, simultaneously with Apples growing market share and exports. The collaboration highlights how, despite geopolitical changes, Apple is expanding its manufacturing presence in India. Read More..

B2B Tech News | 1 months ago        

Brazils Central Bank Chief Calls for Immediate Fiscal Reforms to Boost Market Confidence

Roberto Campos Neto, the departing head of Brazils central bank, stressed the urgent need for the government to employ a "positive fiscal shock" and r

Roberto Campos Neto, the departing head of Brazils central bank, stressed the urgent need for the government to employ a "positive fiscal shock" and reduce spending to calm markets. Campos Neto emphasised that structural and urgent fiscal restraint is necessary. Finance Minister Fernando Haddad questioned the timing of the announcement of a fiscal package. In the meantime, Brazils currency and interest rates are being impacted by worries about inflation and fiscal policy, which have been made worse by the plans of U.S. Presidentelect Donald Trump. Read More..

B2B Tech News | 1 months ago        

LG Display Secures $1 Billion Investment License in Vietnam for OLED Expansion

Vietnam has given South Koreas LG Display a licence to invest $1 billion in its Haiphong factory to boost the production of OLED displays. As to the H

Vietnam has given South Koreas LG Display a licence to invest $1 billion in its Haiphong factory to boost the production of OLED displays. As to the Haiphong Economic Zone Authority, LG Display has increased its overall investment in Vietnam to $5.65 billion with this expansion. By taking this action, LG demonstrates its dedication to enhancing its manufacturing capacity in the area and reaffirming Vietnams position as a major centre for hightech manufacturing. Read More..

B2B Tech News | 1 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   3979   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   2752   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   3034   

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.
   3220   

5.  Approximately 8 billion gadgets connect on the internet every day.
   4221   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.