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Vietnam’s PM Urges U.S. to Lift Export Restrictions and Strengthen Bilateral Ties

Prime Minister Pham Minh Chinh of Vietnam emphasised the nations interest in developing satellite communications, with talks with SpaceX already under

Prime Minister Pham Minh Chinh of Vietnam emphasised the nations interest in developing satellite communications, with talks with SpaceX already underway, and encouraged the United States to remove its export prohibitions on specific technologies. He underlined that it is critical to preserve solid bilateral ties and promote multilateralism to solve global issues. Furthermore, Chinh stated that foreign investment in Vietnam is anticipated to surpass $25 billion this year and restated Vietnams demand that the United States recognise it as a market economy to lower tariffs. He did not mention worries about possible tariffs from the United States under the incoming Trump administration. Read More..

B2B Tech News | 1 months ago        

General Electric to Settle Shareholder Lawsuit for $362.5 Million Over GE Power Business

A longrunning shareholder dispute involving General Electrics GE power unit will be settled for $362.5 million. According to the 2017 complaint, GE al

A longrunning shareholder dispute involving General Electrics GE power unit will be settled for $362.5 million. According to the 2017 complaint, GE allegedly misled investors about the risks connected to its GE Power division, namely its reliance on factoring to increase revenue at the expense of future cash flows. Court approval is required for the settlement, which addresses claims of false statements made between 2016 and 2018. GE agreed to a settlement even though the company and its former CFO denied wrongdoing. GE has allocated funds for this settlement. Read More..

B2B Tech News | 1 months ago        

South Korea to Invest $10 Billion in LowInterest Loans to Revitalize Semiconductor Industry

To strengthen its semiconductor industry in 2024, South Korea intends to invest 14 trillion won $10 billion in lowinterest loans, tackling issues brou

To strengthen its semiconductor industry in 2024, South Korea intends to invest 14 trillion won $10 billion in lowinterest loans, tackling issues brought on by Chinese competition and unpredictability in U.S. policy. A total of 1.8 trillion won will be used for infrastructure, including power lines for a new semiconductor factory, and the loans will be disbursed through staterun banks. With an emphasis on its new hightech chipmaking cluster and adjusting to changes in global trade, including possible changes from the U.S. under Presidentelect Trump, South Korea hopes to revive its chip industry, lagging behind competitors in both design and manufacture. Read More..

B2B Tech News | 1 months ago        

OpenAI Facilitates $1.5 Billion Tender Offer with SoftBank to Boost Liquidity

A CNBC report on Wednesday stated that OpenAI, supported by Microsoft MSFT.O, is conducting a tender offer that will allow its workers to sell roughly

A CNBC report on Wednesday stated that OpenAI, supported by Microsoft MSFT.O, is conducting a tender offer that will allow its workers to sell roughly $1.5 billion worth of shares to Japans SoftBank Group 9984.T. This action aligns with the increasing interest of international investors in the AI space, particularly in OpenAI, which has attracted a lot of notice for its developments in AI technology. The deal demonstrates SoftBanks approach to expanding engagement in gamechanging technology while offering liquidity alternatives to OpenAI staff members. Read More..

B2B Tech News | 1 months ago        

NTPC Green Energy Shares Surge 11.9% in Strong Market Debut

Strong investor enthusiasm in Indias expanding clean energy sector was reflected in NTPC Green Energys shares, which rose 11.9% on its first day of tr

Strong investor enthusiasm in Indias expanding clean energy sector was reflected in NTPC Green Energys shares, which rose 11.9% on its first day of trade. Indias need for $385 billion in investments in renewable energy by 2030 was reflected in the oversubscription of the $1.2 billion initial public offering. NTPC Renewable Energy will use the proceeds of the largest initial public offering IPO in the nations renewable energy sector to pay down its debt. The encouraging reaction from the market reflects the impressive results of other clean energy firms, underscoring hope for Indias drive towards renewable energy. Read More..

B2B Tech News | 1 months ago        

Zimbabwe’s President Mnangagwa Tackles $12.7 Billion External Debt in Key Meeting

President Emmerson Mnangagwa of Zimbabwe convened a meeting to discuss the restructuring process and the nations $12.7 billion external debt. The IMF

President Emmerson Mnangagwa of Zimbabwe convened a meeting to discuss the restructuring process and the nations $12.7 billion external debt. The IMF and the government are discussing a Staff Monitored Program SMP, which may result in significant reforms. Mthuli Ncube, the finance minister, anticipates having more precise debt restructuring dates by the middle of 2025. Resolving debts owed to large creditors, such as the World Bank and the IMF, is necessary to obtain financial support and future funding. Zimbabwes debt problems, however, continue to be a significant obstacle to foreign financing. Read More..

B2B Tech News | 1 months ago        

Qualcomm’s Interest in Full Intel Acquisition Dims, Focuses on Specific Intel Assets

According to reports, the difficulties around a possible deal caused Qualcomms enthusiasm to purchase Intel to wane. After initially considering a com

According to reports, the difficulties around a possible deal caused Qualcomms enthusiasm to purchase Intel to wane. After initially considering a comprehensive acquisition of Intel in September, Qualcomm seems more interested in acquiring particular Intel divisions than the entire business. Considering the combined market dominance of both companies, antitrust issues may arise in the transaction. Due to its inability to sustain its manufacturing advantage and failure to seize possibilities such as investing in OpenAI, Intel has witnessed a sharp decline in its stock price and has fallen out of the Dow Jones Industrial Average. Read More..

B2B Tech News | 1 months ago        

Anglo American Divests Coal Assets in Australia, Targets Growth in Copper and Clean Energy

As part of its restructuring plan to concentrate on copper, Anglo American has agreed to sell Peabody Energy its coal assets used in the steelmaking i

As part of its restructuring plan to concentrate on copper, Anglo American has agreed to sell Peabody Energy its coal assets used in the steelmaking industry in Australia for a maximum price of $3.78 billion. Deferred payments, a $2.05 billion upfront payment, and a possible $450 million contingent consideration linked to the Grosvenor mines reopening are all included in the agreement. To concentrate on copper, which is essential for the development of clean energy and artificial intelligence, Anglo is selling up noncore assets like platinum and diamonds. This reorganisation aims to simplify the companys portfolio and increase shareholder value. Read More..

B2B Tech News | 1 months ago        



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