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The North American Credit Facility for Guess was increased by Bank of America Agents to $150MM.

The company has agreed to a fiveyear, $150 million senior secured assetbased revolving credit facility. This facility amends and extends its existing

The company has agreed to a fiveyear, $150 million senior secured assetbased revolving credit facility. This facility amends and extends its existing North American credit arrangement of $120 million. The new North American credit facility, like its new European credit facility created earlier this year, will feature yearly interest rate and charge modifications based on the Companys attainment of specified sustainability goals in its operational and manufacturing processes. According to an SEC filing, the Agent was Bank of America. Read More..

B2B Tech News | 2 months ago        

Uruguays global aspirations upend the Mercosur trade bloc in Latin America.

Uruguays probusiness president, Luis Lacalle Pou, wants to open up to the rest of the world. He has been busy negotiating new trade agreements outside

Uruguays probusiness president, Luis Lacalle Pou, wants to open up to the rest of the world. He has been busy negotiating new trade agreements outside of the regional organisation. Other Mercosur members have warned Uruguay with sanctions if it pursues trade accords on its own. Uruguays foreign minister insists that the country wants to modernise rather than leave the EU. Argentina and Brazil are responsible for roughly 90% of the blocs GDP. Some argue that the two larger countries merely utilise Mercosur as a trade barrier against competition. Read More..

B2B Tech News | 2 months ago        

In order to increase African exports, Prosper Africa is investing $170 million.

Prosper Africa is a US government effort aimed at increasing twoway commerce and investment between African countries and the US. The project intends

Prosper Africa is a US government effort aimed at increasing twoway commerce and investment between African countries and the US. The project intends to increase African exports to the United States by $1 billion over the next five years. New collaborations will help to boost supply chain activities on the continent and move the African Continental Free Trade Area forward AfCFTA. Since 2019, the US government has assisted in the completion of 1,100 transactions in 49 African countries worth a total of $65 billion. It also announced new collaborations to raise $1 billion in private money to enhance African infrastructure and innovation. Read More..

B2B Tech News | 2 months ago        

Global Forecasts for the Outsourcing Services Markets to 2027 $900 Billion.

The global outsourcing services market was worth US$620.381 billion in 2020 and is predicted to increase at a CAGR of 5.54% over the forecast period t

The global outsourcing services market was worth US$620.381 billion in 2020 and is predicted to increase at a CAGR of 5.54% over the forecast period to reach US$904.948 billion in 2027. Because of the increasing acceptance of virtualization within enterprises, costeffective outsourcing services have become popular. The COVID19 epidemic caused a global economic slump, although the outsourcing services sector saw increased demand. Read More..

B2B Tech News | 2 months ago        

EEPCs applaud Indias government for its trade agreements with Australia and the United Arab Emirates.

According to EEPC India, the country has benefited from preferential market access offered by the UAE on more than 97 percent of its tariff lines. Bil

According to EEPC India, the country has benefited from preferential market access offered by the UAE on more than 97 percent of its tariff lines. Bilateral commerce in products and services with Australia increased by 106.5 percent in FY22, reaching US$ 25.04 billion from FY21. The IndiaUAE CEPA is estimated to enhance the overall value of bilateral goods trade to more than $100 billion. The IndiaAustralia ECTA will increase Indias gem and jewellery exports to Australia from US$350 million to US$800 million. Read More..

B2B Tech News | 2 months ago        

Eric Anziani, the COO of Crypto Dot Com, is now the president.

Eric Anziani, Crypto.coms chief operations officer, has been appointed to president of the digitalasset exchange firm. Anziani will continue to serve

Eric Anziani, Crypto.coms chief operations officer, has been appointed to president of the digitalasset exchange firm. Anziani will continue to serve as COO in addition to his new responsibilities, which include overseeing global payments, onboarding, and customer experience. Anziani joined Crypto.com in 2018 and is credited for increasing the companys user base to over 70 million people, obtaining licences in several jurisdictions, and extending the firms product and NFT services. He previously worked at McKinsey, PayPal, Goldman Sachs, and Global Fashion Group before joining Crypto.com. Crypto.com reportedly laid off 2,000 of its more than 4,500 staff in October. Read More..

B2B Tech News | 2 months ago        

Customers of FTX bring a class action to recover disappearing assets.

Customers of the bankrupt cryptocurrency exchange FTX have filed a class action lawsuit. The lawsuit seeks a declaration that the companys digital ass

Customers of the bankrupt cryptocurrency exchange FTX have filed a class action lawsuit. The lawsuit seeks a declaration that the companys digital assets are the property of its customers. After questions about its finances appeared, FTX halted withdrawals and declared bankruptcy last month. Sam BankmanFried faces charges coming from a fraud of colossal dimensions . The proposed class seeks to represent over one million FTX customers in the United States and around the world. BankmanFried acknowledged riskmanagement errors at FTX but claims he is not criminally liable. Customers seek a judgement stating that they have a right to repayment earlier to other creditors. Read More..

B2B Tech News | 2 months ago        

With $75 million, Indias Money View is getting close to unicorn status.

Money View, an Indiabased fintech firm, has raised US$75 million in a series E investment round headed by Apis Partners, with participation from Tiger

Money View, an Indiabased fintech firm, has raised US$75 million in a series E investment round headed by Apis Partners, with participation from Tiger Global, Winter Capital, and Evolvence. According to the corporation, it is now worth $900 million. Money View, which was founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, provides personalised credit products such as fast personal loans, cards, BNPL, and personal financial management solutions. According to the company, it disburses over US$1.2 billion in loans on an annual basis and manages over US$800 million. According to Crunchbase, Money View has raised a total of US$183.7 million in investment to far. Read More..

B2B Tech News | 2 months ago        



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