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Modi, Lula Set $20B Trade Target, Ink Six Pacts to Deepen India–Brazil Ties

To increase bilateral trade to $20 billion over the next five years, Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva h

To increase bilateral trade to $20 billion over the next five years, Prime Minister Narendra Modi and Brazilian President Luiz Inácio Lula da Silva have set a goal. When Modi visited Brasilia as part of his state visit, the leaders talked about increasing collaboration in crucial minerals, energy, agriculture, military, and digital transformation. Six agreements were inked, including ones on digital public infrastructure, renewable energy, and counterterrorism. To broaden the IndiaMERCOSUR trade pact, Modi also looked to Brazil for assistance. A structure at the ministerial level to oversee investment and trade was agreed upon by all parties. Modi stressed strengthening ties through innovation, sustainable development, and peopletopeople contacts when receiving Brazils highest civilian honour, the Grand Collar of the National Order of the Southern Cross. Read More..

B2B Tech News | 4 days ago        

NVIDIA Becomes First Company to Hit $4 Trillion Market Cap Amid AI Boom

The soaring demand for NVIDIAs AI processors has caused the business to become the first in history to surpass a $4 trillion market valuation. Easing

The soaring demand for NVIDIAs AI processors has caused the business to become the first in history to surpass a $4 trillion market valuation. Easing trade tensions and excitement in AI infrastructure drove a 2.4% increase in shares to $164. Compared to Apple and Microsoft, the only other American companies worth more than $3 trillion, the companys value has tripled since June 2023. Currently, NVIDIA is the stock with the largest weight on the S&P 500, at 7.3%. Following market concerns caused by tariffs, it has recovered 74% from its April lows, demonstrating investor confidence in its domination of the AI chip market. This milestone reflects NVIDIAs pivotal role in the global AI boom and solidifies its position as Wall Streets mostfavoured stock. Read More..

B2B Tech News | 4 days ago        

Li Qiang, Abiy Ahmed Reaffirm China–Ethiopia Alliance at BRICS Rio Summit

At the Rio BRICS Summit, Ethiopian Prime Minister Abiy Ahmed and Chinese Premier Li Qiang reaffirmed their strategic partnership and committed to stre

At the Rio BRICS Summit, Ethiopian Prime Minister Abiy Ahmed and Chinese Premier Li Qiang reaffirmed their strategic partnership and committed to strengthening multilateral diplomacy, infrastructure, and trade cooperation. Li hailed the 55year diplomatic partnership as an example of ChinaAfrica cooperation and underlined support for the Addis Ababa–Djibouti Railway. Ethiopia, which exported $564 million to China in 2024, compared to $4.3 billion in Chinese exports, was cited as a major beneficiary of Chinas zerotariff policy for African countries. Abiy thanked China for its support and said he hopes to increase industry, tourism, and communications cooperation. Reaffirming their common goal of Global South solidarity, both leaders pledged to improve coordination within BRICS and the UN. Read More..

B2B Tech News | 4 days ago        

CoreWeave Acquires Core Scientific for $9B to Power AI Infrastructure Expansion

CoreWeave, an AI cloud provider, plans to expand its data centre footprint for AI and highperformance computing HPC by purchasing cryptocurrency miner

CoreWeave, an AI cloud provider, plans to expand its data centre footprint for AI and highperformance computing HPC by purchasing cryptocurrency miner Core Scientific in a $9 billion allstock transaction. Originally constructed for energyintensive cryptocurrency mining, the 1.3 gigawatts of power capacity acquired by CoreWeave are now used for AI tasks. 0.1235 CoreWeave shares will be distributed to Core Scientific owners per share, valuing the business at $20.40 a share, which is 66% more than its June 25 pricing. Expected to conclude in Q4 2025, the arrangement removes over $10 billion in future leasing liabilities. By converting or selling cryptocurrency assets, CoreWeave intends to accelerate its vertical integration approach and save operating expenses by an anticipated $500 million a year by 2027. Read More..

B2B Tech News | 4 days ago        

Bitcoin Sinks to $107,970 After Trump Slaps 25% Tariffs on Japan, South Korea

After U.S. President Trump announced 25% tariffs on imports from South Korea and Japan, raising concerns about a global economic downturn, Bitcoin fel

After U.S. President Trump announced 25% tariffs on imports from South Korea and Japan, raising concerns about a global economic downturn, Bitcoin fell precipitously. As trade tensions increased, traders moved to safer assets, causing the cryptocurrency to drop from $860 to $107,970. The duties, which go into effect on August 1, target important industries like electronics and cars and are imposed just before a crucial trade deadline on July 9. Experts caution that growing trade disputes may cause Bitcoin to fall below $100,000, particularly if punitive actions are taken. Shortterm sentiment is still negative, despite some peoples belief that a declining dollar could eventually strengthen Bitcoin. The S&P 500 and Nasdaq fell about 1%, indicating increased investor apprehension regarding the volatility of global commerce. Read More..

B2B Tech News | 4 days ago        

India Eyes Australian Rare Earths as China Tightens Export Grip

After Chinas export restrictions caused supply chains for industries like cars, electronics, and clean energy to be disrupted, India is now in negotia

After Chinas export restrictions caused supply chains for industries like cars, electronics, and clean energy to be disrupted, India is now in negotiations with Australia to get rare earth minerals. Malini Dutt, the New South Wales Trade and Investment Commissioner, stated that India might acquire earlystage mining blocks and establish alliances with Australian companies. There is also interest in copper blocks, and a PSU and private businesses are discussing the possibilities. More than 90% of the worlds magnet processing is currently done in China, and its restrictions have led to shortages of vital materials like terbium and dysprosium. Focused during India Energy Storage Week 2025, the discussions demonstrate Indias efforts to diversify its mineral resources and lessen its strategic reliance on Chinese supply chains. Read More..

B2B Tech News | 4 days ago        

Ramaphosa Rejects Trump’s 30% Tariff, Cites Inaccurate Trade Data

Calling it a misrepresentation of trade facts, South Africa has rejected U.S. President Trumps proposed 30% tariff on its exports. According to Presid

Calling it a misrepresentation of trade facts, South Africa has rejected U.S. President Trumps proposed 30% tariff on its exports. According to President Cyril Ramaphosa, the average import tax is only 7.6%, and 77% of U.S. goods arrive in South Africa dutyfree. Trumps larger reciprocal trade strategy, which targets 14 nations, includes the tariff, which is scheduled to go into force on August 1. Ramaphosa advised local businesses to expand their export markets and underlined the importance of continuing conversations. He applauded the United States suggestion that negotiations could change the tariff. While preparing for possible economic repercussions, South Africa is nevertheless working towards a fair and advantageous trade relationship, having presented a Framework Deal in May. Read More..

B2B Tech News | 4 days ago        

Indonesia Signs $34B MoU With U.S. to Avert 32% Tariff Hike

Indonesia has inked a $34 billion memorandum of understanding to expand trade and investment relations with U.S. corporations, such as Pertamina, Exxo

Indonesia has inked a $34 billion memorandum of understanding to expand trade and investment relations with U.S. corporations, such as Pertamina, ExxonMobil, and Chevron. Along with Indonesian investments in the United States, the agreement covers Indonesias purchases of U.S. grain, cotton, soybeans, and energy items worth up to $15.5 billion. Its part of Jakartas plan to use President Trumps reciprocal trade policy to get reduced U.S. tariffs before the July 9 deadline. The deal also includes companies including Garuda Indonesia and Indofood, as well as Indonesias Danantara sovereign wealth fund. Officials expect that it will assist lower the proposed 32% tariff on Indonesian imports, even though it is not a final one. The agreement highlights the expanding economic collaboration between the United States and Indonesia. Read More..

B2B Tech News | 6 days ago        



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