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WTO Negotiators Release New Draft Deals Amid Extended Talks

Negotiators at the World Trade Organizations biennial conference in Abu Dhabi released new draft deals after allnight talks, revealing unresolved issu

Negotiators at the World Trade Organizations biennial conference in Abu Dhabi released new draft deals after allnight talks, revealing unresolved issues hours before the extended deadline. Key topics include curbing fishing subsidies and extending a moratorium on digital trade tariffs, supported by most but opposed by India and South Africa. A draft agriculture deal shows disagreement on permitted government support for farmers. The fisheries text remains undecided on forced labour issues and phasein periods for developing countries. Concerns from Pacific islands for a more ambitious deal need to be clarified. Delegates are divided on progress, with negotiations ongoing before the closing ceremony scheduled for 2 p.m. 1000 GMT. Read More..

B2B Tech News | 1 years ago

Algeria Aims to Become Key Natural Gas Supplier Amid European Energy Shift

Algeria is organising a meeting with envoys from energyrich nations to position itself as a significant natural gas supplier for European countries lo

Algeria is organising a meeting with envoys from energyrich nations to position itself as a significant natural gas supplier for European countries looking to diversify away from Russian energy. The event intends to highlight Algerias position as a reliable energy supply while coordinating investments and relationships with purchasing nations. Elmajid Tebboune, the president, underlined the value of natural gas for socioeconomic advancement. Algeria aspires to increase output, but obstacles, including infrastructural requirements and competition from other gasproducing countries, stand in the way. Amidst rising energy demands and shifting global dynamics, investing in renewable energy and balancing export obligations and domestic requirements remain top concerns. The income from oil and gas still contributes significantly to Algerias economy. Read More..

B2B Tech News | 1 years ago

India Approves Construction of Three Semiconductor Plants, Aims to Become Chip Hub

India has taken a big step towards becoming a significant chip centre by approving the development of three semiconductor facilities. These factories,

India has taken a big step towards becoming a significant chip centre by approving the development of three semiconductor facilities. These factories, which have invested more than $15 billion, will strengthen Indias position in chip manufacturing and cuttingedge packaging technology. One of the fabrication sites in Gujarat will be constructed by Tata Electronics and Taiwans Powerchip Semiconductor Manufacturing Corp., emphasising 28nanometer technology for various industries. Furthermore, CG Power will open a second facility in Gujarat in collaboration with Renesas Electronics Corporation of Japan and Stars Microelectronics of Thailand. In contrast, Tata Semiconductor Assembly and Test Pvt Ltd will open a plant in Assam. To bolster Indias semiconductor industry and generate employment, these programmes are drawing in foreign chip makers looking to expand their business in the face of geopolitical unpredictability. Read More..

B2B Tech News | 1 years ago

Dell Technologies Surges in AfterHours Trading on Strong AI Server Demand

A strong demand for its AI servers led Dell Technologies to surpass Wall Street forecasts for both revenue and profit this year. In afterhours trade,

A strong demand for its AI servers led Dell Technologies to surpass Wall Street forecasts for both revenue and profit this year. In afterhours trade, the companys shares increased by more than 16%. Dell owes its success to the growing demand for AI servers outfitted with Nvidias GPUs, which has seen a roughly 40% consecutive rise in orders. Furthermore, Dell expects the PC industry to rebound, helped by the upcoming cycle of PC refreshes and the longterm effects of AI. Dell exceeded expectations even though it reported an 11% fall in revenue for the fourth quarter. The Client Solutions Group, which houses PCs, suffered a roughly 12% loss in revenue. In comparison, the Infrastructure Solutions Group witnessed a 6% decline. Dell anticipates sales for the fiscal year of between $91 billion and $95 billion, above expert projections. Read More..

B2B Tech News | 1 years ago

Paramount Global Reports Quarterly Revenue of $7.64 Billion, Below Wall Street Estimates

Despite missing Wall Street predictions on revenue, Paramount Global shocked investors with a 4cent profit per share, exceeding expectations of a 1cen

Despite missing Wall Street predictions on revenue, Paramount Global shocked investors with a 4cent profit per share, exceeding expectations of a 1cent loss. The company reported quarterly revenue of $7.64 billion. CEO Bob Bakish expressed optimism that Paramount+ will turn a profit domestically by 2025. Surpassing forecasts, Paramount+ attracted 4.1 million new members in the quarter, demonstrating the increasing appeal of the streaming service. The business anticipates "low to midteens advertising growth" in the first quarter, exhibiting signs of stabilisation despite difficulties in the advertising industry. The findings coincide with discussions about industry consolidation, as the CEO of Skydance Media is considering a bid to buy National Amusements, Paramount Globals parent company. Although its TV media business has seen a dip in income, Paramount Global is nevertheless optimistic about the development prospects of its streaming operation. Read More..

B2B Tech News | 1 years ago

C3.ai Surges Over 14% in Extended Trading on BetterThanExpected Quarterly Results

Following the release of betterthanexpected quarterly earnings, C3.ais shares rose more than 14% during extended trading. Additionally, the business s

Following the release of betterthanexpected quarterly earnings, C3.ais shares rose more than 14% during extended trading. Additionally, the business said that Hitesh Lath will take over as CFO on March 1st, succeeding Juho Parkkinen, who will become vice president of finance. Surpassing analyst projections, C3.ai reduced its fullyear sales prediction range to $306 million to $310 million. The need for businesses like C3.ai has increased due to the need for generative artificial intelligence solutions to improve operational efficiency. Additionally, for businesses to remain competitive, introducing AI technologies like OpenAIs ChatGPT has forced them to do so. For the fourth quarter, C3.ai expects revenue between $82 million and $86 million, with total revenue for the third quarter surpassing estimates at $78.4 million. Subscription revenue for the quarter also exceeded expectations at $70.4 million. On an adjusted basis, the company posted a minor net loss of 13 cents per share compare Read More..

B2B Tech News | 1 years ago

HP Incs FirstQuarter Revenue Falls Short, Reflecting Sluggish PC Market

For the seventh consecutive quarter, HP Inc.s revenue fell short of Wall Street projections in the first quarter. This decrease was caused mainly by c

For the seventh consecutive quarter, HP Inc.s revenue fell short of Wall Street projections in the first quarter. This decrease was caused mainly by clients delaying system upgrades and the slow demand in the personal computer PC industry. After the declaration, HPs stock dropped more than 3% in afterhours trade. The business observed that the current economic uncertainty is causing enterprise clients to be frugal with their budgets, affecting the demand for personal computers. Revenue growth slowed as the spike in demand for PCs and other devices connected to remote work subsided in 2022. From November to January, HPs sales decreased by around 4.4% to $13.19 billion, falling short of average analyst projections. At 81 cents, adjusted profits per share were in line with forecasts. HP forecasted secondquarter adjusted profit per share in line with estimates amidst a 4% decline in sales in its Personal Systems segment and a 5% decline in its Printing segment. Read More..

B2B Tech News | 1 years ago

Reliance Industries and Walt Disney Announce Merger of TV and Streaming Assets in India

Reliance Industries of India and Walt Disney announced the combination of their streaming and TV media businesses, creating a $8.5 billion entertainme

Reliance Industries of India and Walt Disney announced the combination of their streaming and TV media businesses, creating a $8.5 billion entertainment behemoth in the country of a billion people. Disney holds the remaining shares in the combined company, with Reliance contributing $1.4 billion and controlling over 63%. This action tackles Disneys difficulties in the Indian streaming market and the financial burden of paying cricket rights. The combined company will be impressive with two streaming services, 120 TV stations, and cricket rights. Disney gets financial security, and Reliance gains leverage in marketing negotiations. The transaction strengthens Reliances standing in Indias $28 billion media industry. Nita Ambani will chair the board, with Uday Shankar as vice chair. The merger aligns with Disneys commitment to India despite past challenges, including a noncash impairment charge due to subscriber losses. Read More..

B2B Tech News | 1 years ago

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