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India Proposes $7.6 Billion in Retaliatory Tariffs Against U.S. Steel Duties

India has informed the World Trade Organisation WTO of its intention to impose retaliatory tariffs on a set of U.S. imports in response to Washingtons

India has informed the World Trade Organisation WTO of its intention to impose retaliatory tariffs on a set of U.S. imports in response to Washingtons steel and aluminium charges. With an estimated duty collection of $1.91 billion, the move targets $7.6 billion worth of U.S. goods. India decided to halt concessions because it claims that the U.S. safeguard measures are against WTO regulations. India has proposed to cut tariff disparities by twothirds as part of a bilateral trade agreement being negotiated between the two countries. India disputes the U.S.s assertions that its tariffs are motivated by national security concerns. As the WTO considers Indias appeal, trade relations between the two economies may worsen. Read More..

B2B Tech News | 1 months ago        

ChinaLatin America Trade Hits $500 Billion, Marking Historic Growth

In 2024, China’s commerce with Latin America reached a remarkable $500 billion. During the ChinaCELAC Forum summit, President Xi Jinping made the an

In 2024, China’s commerce with Latin America reached a remarkable $500 billion. During the ChinaCELAC Forum summit, President Xi Jinping made the announcement, highlighting Chinas dedication to deepening its economic relations with the area. As a result of growing collaboration, the trade volume has increased dramatically from $12 billion in 2000. In further support of its efforts to internationalise the Chinese currency, China also promised $10 billion in credit lines to finance development projects in Latin America that would be denominated in yuan. The meeting emphasised Chinas strategic initiative to increase infrastructure investments throughout Latin America and broaden its influence in multilateral trade. Read More..

B2B Tech News | 1 months ago        

ECB Retains Past Stimulus Policies Amid Inflation and Financial Losses

Despite criticism of its own policies due to rising inflation and financial losses, the European Central Bank ECB will continue to implement its previ

Despite criticism of its own policies due to rising inflation and financial losses, the European Central Bank ECB will continue to implement its previous stimulus initiatives in its current strategy review. Commencing in March 2025, the review looks at the continued efficacy of instruments including as forward guidance, negative interest rates, and quantitative easing QE. Despite the fact that some policymakers favour restricting bond purchases, the ECB mainly upholds its prior strategy, claiming that stimulus measures were advantageous. The review also acknowledges the volatility in international markets and restates the ECBs 2% inflation target. There was a broad unanimity on the final plan document, despite some governors expressing discontent and expecting for a more critical examination. Read More..

B2B Tech News | 1 months ago        

OpenAI and Microsoft Renegotiate MultibillionDollar Partnership Amid IPO Plans

OpenAI is renegotiating its multibillionpound deal with Microsoft to create space for new capital and a potential initial public offering IPO. Given t

OpenAI is renegotiating its multibillionpound deal with Microsoft to create space for new capital and a potential initial public offering IPO. Given that the tech giant has invested over £13 billion in OpenAI, Microsofts ownership stake has become a significant topic of discussion. If Microsoft wishes to continue utilising OpenAIs AI models until 2030, when their current contract concludes, it may need to relinquish some equity. To facilitate its stock offerings to investors, OpenAI intends to restructure as a forprofit company, akin to Anthropic and xAI. Access to cuttingedge AI technology is ensured by Microsofts commitment to the partnership, even amidst disagreements regarding OpenAIs strategic decisions. Read More..

B2B Tech News | 1 months ago        

Nigeria’s Senate Approves Major Tax Reforms, Raising VAT to 12.5%

An important step towards overhauling fiscal policy has been taken with the passage of four tax reform proposals by Nigerias Senate, aimed at increasi

An important step towards overhauling fiscal policy has been taken with the passage of four tax reform proposals by Nigerias Senate, aimed at increasing government revenue. Despite concerns that these measures might exacerbate financial hardship, they include raising the valueadded tax VAT from 7.5% to 12.5%. Additionally, by reforming the collection of royalty and petroleum profit taxes, the bills establish the Nigeria Revenue Service. Nigeria continues to rely on borrowing to finance its budget, as its taxtoGDP ratio remains low at 10.8%. Before being forwarded to President Bola Tinubu for final approval, the Senates passage must be harmonised with that of the House of Representatives. Read More..

B2B Tech News | 1 months ago        

India and EU Advance FTA Talks, Targeting Swift Pact Conclusion

In a bid to swiftly complete the first phase of the agreement, India and the European Union EU have initiated the eleventh round of Free Trade Agreeme

In a bid to swiftly complete the first phase of the agreement, India and the European Union EU have initiated the eleventh round of Free Trade Agreement FTA negotiations. Given the uncertainty surrounding global trade, both parties have opted for a twophase approach, aiming to conclude negotiations by 16 May, focusing on market access, services, investment, and government procurement. India seeks zero tariffs on labourintensive goods, whereas the EU is advocating for duty reductions on cars, medical items, wines, and spirits. To expedite discussions, Commerce Minister Piyush Goyal recently met with EU officials in Brussels. If finalised, the agreement could boost Indian exports of textiles, steel, and pharmaceuticals. Read More..

B2B Tech News | 1 months ago        

China’s CATL Targets $4 Billion in Hong Kong IPO for Global Expansion

Among the largest initial public offerings IPOs in Hong Kong this year, the Chinese battery giant CATL is expected to raise at least $4 billion throug

Among the largest initial public offerings IPOs in Hong Kong this year, the Chinese battery giant CATL is expected to raise at least $4 billion through its listing. With trading set to commence on 20 May, the company intends to sell 117.9 million shares at a maximum price of HK$263 each. The funds will contribute to CATLs international expansion, which includes the construction of a battery facility in Hungary expected to create 10,000 jobs. Cornerstone investors, including Sinopec and the Kuwait Investment Authority, have pledged $2.6 billion in connection with the IPO. However, due to geopolitical concerns, U.S. investors are prohibited from participating. Read More..

B2B Tech News | 1 months ago        

U.S. and China Resume HighStakes Trade Talks in Geneva Amid Tariff Standoff

After imposing duties of over 100% on each others goods, senior U.S. and Chinese officials have commenced trade talks in Geneva with the aim of defusi

After imposing duties of over 100% on each others goods, senior U.S. and Chinese officials have commenced trade talks in Geneva with the aim of defusing the situation. They are meeting in person for the first time since the tariff impasse, with U.S. Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng leading the discussions. President Donald Trump described the talks as a "total reset," suggesting positive progress, despite no immediate breakthroughs being announced. The villa of Switzerlands UN ambassador was chosen as a neutral venue for the talks. Read More..

B2B Tech News | 1 months ago        



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