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Pakistan Considers Restoring Trade Ties with India, Signals Diplomatic Shift

Muhammad Ishaq Dar, Pakistans Foreign Minister, has hinted at a possible change in the countrys diplomatic approach towards India by saying that Pakis

Muhammad Ishaq Dar, Pakistans Foreign Minister, has hinted at a possible change in the countrys diplomatic approach towards India by saying that Pakistan will "seriously" examine mending commercial relations with its neighbour. During a press conference in London, Dar expressed how excited Pakistans business community is to begin economic activity with India. This declaration implies a change in strategy from Pakistans prior position in the wake of Indias withdrawal of Article 370 in August 2019, which resulted in a deterioration of diplomatic relations. In February 2021, both nations extended the truce along the Line of Control despite their tense ties. Shehbaz Sharif of Pakistan and Indian Prime Minister Narendra Modi have recently spoken, raising expectations for a diplomatic thaw given Sharifs emphasis on economic development as the leader of Pakistans new coalition government. Read More..

B2B Tech News | 1 years ago        

Cryptocurrency Exchange Binance Rocked as Executive Escapes Custody in Nigeria

Nadeem Anjarwalla, an executive of cryptocurrency exchange Binance, is said to have escaped from detention in Nigeria during a criminal probe into the

Nadeem Anjarwalla, an executive of cryptocurrency exchange Binance, is said to have escaped from detention in Nigeria during a criminal probe into the platforms possible participation in money laundering. Authorities claim that Anjarwalla, the regional manager for Africa at Binance, used a smuggled passport to flee Nigeria. He and his colleague Tigran Gambaryan have been in custody since February 26 as part of an operation on the cryptocurrency site. Following allegations of money laundering and sponsorship of terrorism, Binance stopped trading with the Nigerian naira in March. The fact that Anjarwalla escaped raises concerns regarding security protocols since officials have detained those in charge of his care. Additional legal issues that Binance must deal with include tax evasion accusations brought by the Nigerian tax authority. Read More..

B2B Tech News | 1 years ago        

Hyundai Motor Group Unveils $51 Billion Investment Plan for Electric Vehicles and Mobility Ventures

In addition to recruiting 80,000 additional staff, Hyundai Motor Group announced a significant investment of 68 trillion won $51 billion over three ye

In addition to recruiting 80,000 additional staff, Hyundai Motor Group announced a significant investment of 68 trillion won $51 billion over three years to bolster its position in electric cars EVs and new mobility endeavours. Around 35.5 trillion won, or more than half of the investment would go towards EV assembly lines and R&D facilities. An additional 31.1 trillion won will go towards EVrelated research, including battery and softwaredefined vehicle development. Of the 44,000 new workers, the bulk will work to advance future business sectors, including carbon neutrality, softwaredefined vehicles, and electrification. This investment demonstrates Hyundai Motor Groups dedication to innovation and environment friendly mobility solutions. Read More..

B2B Tech News | 1 years ago        

Robinhood Launches New Credit Card for Robinhood Gold Subscribers

A new credit card that is only available to Robinhood Gold users was introduced by Robinhood Markets, indicating a deliberate move outside of its prim

A new credit card that is only available to Robinhood Gold users was introduced by Robinhood Markets, indicating a deliberate move outside of its primary trading operation. With this move, it hopes to strengthen its products at the premium tier and expand into the more significant personal finance sector. The card intends to attract consumers seeking value and financial ease with features including no annual fees, 0% international transaction costs, and significant cashback returns of up to 3%, plus 5% on reservations through Robinhoods travel platform. Robinhood aims to increase its income streams and reduce market volatility by broadening its range of products. Encouraged by its recent positive financial performance, which included a surprise profit fueled by higher interest revenue and trading activity, the business plans to roll out more broadly later this year. Read More..

B2B Tech News | 1 years ago        

Visa and Mastercard Reach $30 Billion Settlement to Lower Credit and Debit Card Fees

A historic $30 billion settlement between Visa and Mastercard aims to reduce credit and debit card fees for retailers, which might result in cheaper c

A historic $30 billion settlement between Visa and Mastercard aims to reduce credit and debit card fees for retailers, which might result in cheaper costs for customers. Subject to court approval, this antitrust settlement intends to resolve 2005era charges that the card networks imposed onerous antisteering regulations and exorbitant swipe costs. Visa and Mastercard have agreed to remove antisteering clauses, lower swipe rates, and cap fees for several years. Both firms acknowledge the importance of the agreement in resolving issues brought up by small businesses, even if they deny any misconduct. It is anticipated that certain retailers would object, though, as they could feel the settlement does not sufficiently resolve longstanding fee discrepancies. Read More..

B2B Tech News | 1 years ago        

The New Development Bank Plans $5 Billion in Loans for 2024

Zhou Qiangwu, vice president of the New Development Bank NDB, which the BRICS group of developing nations founded, says the bank plans to lend around

Zhou Qiangwu, vice president of the New Development Bank NDB, which the BRICS group of developing nations founded, says the bank plans to lend around $5 billion this year. Speaking at the yearly Boao Forum, Zhou stated that while the banks operations were somewhat affected by the pandemic, they are already operating normally again. Zhou mentioned that China and India have gotten more investment than other member nations. Still, he did not elaborate on how this has influenced the banks operations. The BRICS countries of Brazil, Russia, India, China, and South Africa founded the NDB in 2015 its headquarters is in Shanghai. Zhou also stated that he believed Chinas GDP would expand by around 5% this year, aligning with the governments goal. Read More..

B2B Tech News | 1 years ago        

Science Museum Unveils Energy Revolution The Adani Green Energy Gallery’

The Energy Revolution The Adani Green Energy Gallery, which showcases how renewable energy can combat climate change, was opened by Londons Science Mu

The Energy Revolution The Adani Green Energy Gallery, which showcases how renewable energy can combat climate change, was opened by Londons Science Museum. Chairman of the Adani Group, Gautam Adani, highlighted the gallerys contribution to educating the public about revolutionary technologies and sustainability while expressing gratitude for the collaboration. The exhibition, which debuted in 2021, has interactive digital displays and models and investigates how human ingenuity has impacted past, current, and future energy environments. The Executive Director of AGEL, Sagar Adani, highlighted the need to encourage youth to pursue renewable energy alternatives. Sir Ian Blatchford, the director of the Science Museum Group, praised the cooperation and the vital support from the Adani Group. Through this programme, the museum hopes to raise awareness and encourage participation in establishing a sustainable energy future. Read More..

B2B Tech News | 1 years ago        

JSW Renewable Energy Acquires 45 MW Vashpet Wind Project from Reliance Power

JSW Renewable Energy Coated, a subsidiary of JSW Energy, has declared that it has acquired a 45 MW Vashpet wind project from Reliance Power in Maharas

JSW Renewable Energy Coated, a subsidiary of JSW Energy, has declared that it has acquired a 45 MW Vashpet wind project from Reliance Power in Maharashtra. The Rs 132 crore deal will increase JSW Energys capacity to generate renewable energy. JSW Energys shares initially saw a 2.5 per cent increase, but it eventually closed marginally down at Rs 514.55 per share. Signing the Business Transfer Agreement is pending usual clearances. JSW Energy intends to grow further and become carbon neutral by 2050, with a total lockedin generation capacity of 12.5 GW. Consolidated net profit for the third quarter of the companys financial results increased year over year, with solid contributions from its merchant sales and thermal portfolio. Read More..

B2B Tech News | 1 years ago        



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