BUSINESS NEWS
IndiaEU Trade Talks Accelerate With Early Harvest Pact Targeted for July 2025
With an eye towards completion by July 2025, India and the EU are speeding up talks for an early harvest trade agreement. As a prelude to a fullfledge
With an eye towards completion by July 2025, India and the EU are speeding up talks for an early harvest trade agreement. As a prelude to a fullfledged free trade agreement FTA, the deal will cover tariffs, corporate procurement, intellectual property rights IPRs, and nontariff barriers. India wants to open markets for its steel, pharmaceutical, and clothing exports, while the EU is promoting duty reductions on cars, medical equipment, wines, and poultry. After the 11th round of negotiations in New Delhi on May 16, representatives from the Commerce Ministry are in Brussels for talks. With bilateral commerce reaching $137.41 billion in 2023–2024, the agreement is anticipated to increase economic relations between the two regions. B2B Tech News | 2 months ago
Bitcoin Hits Record $109,857 as ETF Inflows Surge Past $40 Billion
Bitcoin surged to a new alltime high, reaching $109,857, surpassing its previous January peak. The rally was driven by strong ETF inflows, with cumula
Bitcoin surged to a new alltime high, reaching $109,857, surpassing its previous January peak. The rally was driven by strong ETF inflows, with cumulative investments exceeding $40 billion, alongside growing institutional adoption. Analysts attribute the surge to weaker U.S. dollar trends, increased corporate treasury allocations, and regulatory optimism, as the U.S. Senate advances stablecoin legislation. The inclusion of Coinbase in the S&P 500 further signals mainstream acceptance. Bitcoin’s resilience amid macroeconomic volatility highlights its role as a store of value, with investors closely watching policy developments and market liquidity trends. B2B Tech News | 2 months ago
Argentina Approves Rio Tinto’s $2.5 Billion Rincon Lithium Mining Project
Rio Tintos $2.5 billion Rincon lithium mining project, the first mining endeavour under Argentinas new investment incentive framework RIGI, has been a
Rio Tintos $2.5 billion Rincon lithium mining project, the first mining endeavour under Argentinas new investment incentive framework RIGI, has been approved. The Salta province project is anticipated to increase Argentinas lithium exports, solidifying its standing as the fourthlargest lithium exporter globally. With seven applications still outstanding from companies like Ganfeng, McEwen Copper, and Posco, the clearance comes amid worries over delays in mining project approvals. In order to stabilise Argentinas economy, which is beset by high inflation and currency volatility, the government wants to draw in foreign investment. Direct lithium extraction DLE technology will be used in the Rincon project to increase productivity and environmental sustainability. B2B Tech News | 2 months ago
Nigeria’s Central Bank Holds Rates at 27.50% for Second Consecutive Meeting
Following six rate hikes in 2024, Nigerias central bank has held its benchmark interest rate steady at 27.50% for the second straight year in 2025. Ci
Following six rate hikes in 2024, Nigerias central bank has held its benchmark interest rate steady at 27.50% for the second straight year in 2025. Citing better foreign currency conditions and a slower rate of inflation, the Monetary Policy Committee MPC decided on stability. As Nigeria negotiates international trade obstacles, including U.S. export taxes, the choice strikes a compromise between price stability and economic recovery, according to Central Bank Governor Olayemi Cardoso. A 30% liquidity ratio and a 50% cash reserve ratio CRR are maintained for deposit money banks and 16% for merchant banks, respectively. The action conveys cautious optimism as decisionmakers evaluate the changing economic environment. B2B Tech News | 2 months ago
IMF’s Gita Gopinath Warns U.S. Debt Is Becoming Unsustainable Amid Fiscal Imbalances
The U.S. should reduce its fiscal deficit, IMF First Deputy Managing Director Gita Gopinath has said, pointing out that the nations debt load is incre
The U.S. should reduce its fiscal deficit, IMF First Deputy Managing Director Gita Gopinath has said, pointing out that the nations debt load is increasing unsustainably. She underlined that trade policy uncertainty is still high even though a U.S.UK economic agreement and lower tariffs on China are good developments. With tariffs and budget imbalances as reasons, the IMF has cut its growth prediction for the United States. Regarding longterm debt building, Gopinaths remarks coincide with President Donald Trumps proposal to extend tax cuts from his 2017 term. Citing the inability to turn significant annual deficits, Moodys recently lowered the U.S. sovereign credit rating. B2B Tech News | 2 months ago
South Korea Prepares Support Measures as U.S. Tariffs Hit Key Industries
Under President Donald Trumps trade policy, South Korea has promised to support measures for its car and biopharmaceutical industries, which are subje
Under President Donald Trumps trade policy, South Korea has promised to support measures for its car and biopharmaceutical industries, which are subject to U.S. tariffs. New aid packages are being prepared by the government, especially for pharmaceutical exports, which brought in $9.59 billion in 2024, of which 16% went to the United States. With the goal of completing a trade pact by July, South Korea is also discussing tariff exclusions. Affected by 25% U.S. levies, the car industry is getting liquidity support, while steel and chipmakers might get more help. In the face of uncertainties in international trade, the administration is maintaining export stability by striking a balance between diplomacy and economic resiliency. B2B Tech News | 2 months ago
Qatar’s QIA Doubles U.S. Investment Strategy, Targeting AI and Real Estate Expansion
After allocating $500 billion to the U.S. economy, Qatars sovereign wealth fund QIA intends to treble its yearly U.S. investments over the next ten ye
After allocating $500 billion to the U.S. economy, Qatars sovereign wealth fund QIA intends to treble its yearly U.S. investments over the next ten years. Investment levels may vary, with some years seeing more than double the prior pace, according to Mohammed Al Sowaidi, CEO of the fund. The expansion coincides with President Donald Trumps recent trip to Doha, where he inked $1.2 trillion in deals, including a $96 billion aircraft contract with Qatar Airways. QIA may be updating its fixed income strategy as it concentrates on data centres, real estate, and AI infrastructure. A move towards hightech investments and confidence in American markets are reflected in the funds expanding U.S. presence. B2B Tech News | 2 months ago
Chesnara Eyes HSBC UK Life Insurance Acquisition Amid Strategic Expansion
A possible purchase of HSBCs UK life insurance division is being investigated by Chesnara, a life and pensions consolidator with headquarters in the U
A possible purchase of HSBCs UK life insurance division is being investigated by Chesnara, a life and pensions consolidator with headquarters in the UK. Chesnara was one of several suitors interested in the unit, and the deal might be worth several hundred million dollars. Following a string of asset sales in Europe and North America, HSBCs divestment is in line with its larger goal of refocusing on Asia. With 1 million policies and £14 billion in assets under management, Chesnara has established itself as a major force in the UK insurance market. There is no guarantee that a final agreement will be reached, as discussions are still ongoing. B2B Tech News | 2 months agoGet The News to use newsletter to
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