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Musk Rules Out Tesla–xAI Merger, But Shareholders Will Vote on Investment

Despite mounting rumours, Elon Musk has openly denied a merger between Tesla and xAI, his AI business that created the Grok chatbot. Musk merely repli

Despite mounting rumours, Elon Musk has openly denied a merger between Tesla and xAI, his AI business that created the Grok chatbot. Musk merely replied "No" to the suggestion of combining the two businesses in response to a user post on X. "Its not up to me," he said, confirming intentions to hold a vote among Tesla shareholders regarding the EV giants decision to invest in xAI. SpaceX has committed $2 billion to the business, which is seeking capital at a valuation of up to $200 billion as it integrates Grok into Tesla vehicles. Musk continues to balance leadership among SpaceX, xAI, Tesla, and X, indicating a preference for cooperation over consolidation. Read More..

B2B Tech News | 1 months ago        

EU, South Korea Race to Seal U.S. Trade Deals Before August 1 Tariff Deadline

In order to avert the imposition of high tariffs that are scheduled to take effect on August 1, 2025, the European Union and South Korea are negotiati

In order to avert the imposition of high tariffs that are scheduled to take effect on August 1, 2025, the European Union and South Korea are negotiating trade agreements with the United States rapidly. As tensions over international trade rise, President Donald Trump has proposed a 25% tariff on South Korean exports and a 30% duty on the majority of imports from the EU and Mexico. While Yeo Hankoo, the trade minister of South Korea, indicated a willingness to agricultural concessions, EU Trade Commissioner Maros Sefcovic cautioned that such levies might severely harm transatlantic activity. Should negotiations fail, Italy has planned €21 billion in punitive levies. Market responses have been subdued, but sectors like spirits and cars are preparing for the effect. Both areas want to avert economic disruption by reaching inprinciple agreements prior to the deadline. Read More..

B2B Tech News | 1 months ago        

Foreign Investors Repatriate Record $97.7B From India Amid FDI and Debt Gains

A record $97.7 billion was returned by foreign investors from Indian investments in FY25, up from $87.5 billion in FY24, thanks to robust FDI inflows

A record $97.7 billion was returned by foreign investors from Indian investments in FY25, up from $87.5 billion in FY24, thanks to robust FDI inflows and gains from loan instruments. Investments in overseas portfolios increased when Indian debt was added to the JPMorgan bond index. By deploying foreign exchange reserves, the RBI also made $21.7 billion, which helped close the investment income shortfall to $52.6 billion. Along with increasing overseas investments, Indian businesses balanced twoway flows. Private equity exits and dividend repatriation are major contributors to this trend, which experts say solidifies Indias position as a top international investment destination. The report shows a more balanced current account, indicating strong economic fundamentals as increased foreign revenue balances out withdrawals from foreign investors. Read More..

B2B Tech News | 1 months ago        

China’s Economy to Surpass $19.5 Trillion in 2025, Says State Planner Zheng Shanjie

In 2025, Zheng Shanjie, the president of the National Development and Reform Commission NDRC, estimated that Chinas GDP will be worth more than $19.5

In 2025, Zheng Shanjie, the president of the National Development and Reform Commission NDRC, estimated that Chinas GDP will be worth more than $19.5 trillion. China maintained a 5.4% average annual growth rate between 2021 and 2024, despite obstacles like COVID19 and trade concerns with the United States. Zheng outlined the 14th FiveYear Plans accomplishments, which included developments in green transformation, innovation, and manufacturing. The plan, which expires in 2025, set this years growth objective at 5%. Chinas drive for independence has been bolstered by international tech limitations, Zheng underlined. Although the next 15th FiveYear Plan was not disclosed, officials are giving household sector contributions top priority in order to maintain growth in the face of deflationary pressures and uncertainty in the global economy. Read More..

B2B Tech News | 1 months ago        

India to Assess Impact of U.S. Copper Tariff as Global Prices Surge 10%

The U.S. has slapped a 50% duty on copper imports, which India will evaluate, Mines Minister G. Kishan Reddy stated. As part of President Trumps large

The U.S. has slapped a 50% duty on copper imports, which India will evaluate, Mines Minister G. Kishan Reddy stated. As part of President Trumps larger reciprocal trade strategy, the levy produced a 10% increase in world copper prices, which had an impact on Indian stocks such as Vedanta and Hindustan Copper. Experts in the field, however, predict that India will not be much impacted because the nation lacks enough copper and only exports about 10,000 tonnes to the United States each year. India is still a net importer, despite growing domestic demand from industries like electric cars and renewable energy. By 2030, Reddys ministry intends to increase smelting and refining capacity in order to fulfil future demand and lessen strategic vulnerabilities. Read More..

B2B Tech News | 1 months ago        

EU Scrambles to Seal U.S. Trade Deal Before August 1 Tariff Deadline

Due to President Trumps threats of sweeping new tariffs, the European Union is rushing to complete a trade agreement with the United States before the

Due to President Trumps threats of sweeping new tariffs, the European Union is rushing to complete a trade agreement with the United States before the August 1 tariff deadline. Trump sent notifications to seven more nations, alluded to penalties on semiconductors and pharmaceuticals, and indicated plans to impose 50% tariffs on copper. According to reports, Trump claims that the EU has become "much more cooperative" and that talks are moving forward. The EU wants a framework deal, maybe in a few days, but Italy cautions that talks are still "very complicated." The proposed agreement may include a baseline tariff of 10%, followed by sectorspecific relief. Over $100 billion worth of U.S. goods might be the subject of punitive actions if negotiations fail. Read More..

B2B Tech News | 1 months ago        

Canada Accelerates ASEAN Trade Deal to Offset U.S. Tariff Fallout

In an attempt to diversify its export markets in the face of growing U.S. tariffs, Canada is speeding up its attempts to complete a free trade agreeme

In an attempt to diversify its export markets in the face of growing U.S. tariffs, Canada is speeding up its attempts to complete a free trade agreement with ASEAN. Speaking in Kuala Lumpur, Foreign Minister Anita Anand underlined Canadas dedication to multilateralism and closer relations with Southeast Asia. The proposed agreement would lessen dependency on the United States, which recently levied high tariffs on Canadian automobiles, steel, and aluminium. Anand emphasised collaboration in energy, food security, the digital economy, and artificial intelligence, noting that the IndoPacific will propel future global prosperity. If an agreement with Washington cannot be reached by July 21, Canada may impose counterduties. The FTA between ASEAN and Canada is viewed as a calculated step to increase access to emerging markets and insulate Canadian companies from protectionist shocks. Read More..

B2B Tech News | 1 months ago        

Trump Slaps 10% Tariff on BRICS, Cites Threat to Dollar Dominance

Donald Trump, the president of the United States, has declared an additional 10% tariff on all BRICS countries, including India, claiming that the gro

Donald Trump, the president of the United States, has declared an additional 10% tariff on all BRICS countries, including India, claiming that the group is undermining the dominance of the U.S. dollar. Trump said during a Cabinet meeting that BRICS was created to "hurt the U.S." and threatened to "soon pay" the fee. The decision comes after BRICS leaders demanded a rulesbased multilateral trading framework and criticised unilateral tariffs during their Rio Summit. Trump stressed that there would be no exceptions and that, absent new trade agreements, the tariffs would go into place on August 1, 2025. As BRICS increases its power and promotes dedollarization and solidarity among the Global South, the declaration exacerbates trade tensions worldwide. Read More..

B2B Tech News | 1 months ago        



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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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