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Lourenço Urges U.S. to Swap Aid for Investment at U.S.Africa Summit in Luanda

João Lourenço, the president of Angola, called Africa a “credible partner” with abundant resources and human capital, and urged the United State

João Lourenço, the president of Angola, called Africa a “credible partner” with abundant resources and human capital, and urged the United States to switch from traditional aid to private investment at the U.S.Africa Business Summit in Luanda. He underlined the need to replace the "logic of aid" with the "logic of ambition," citing industries such as infrastructure, technology, agribusiness, and renewable energy. Lourenço promoted the African Continental Free Trade Area AfCFTA as an investment magnet and pointed to Angolas 3.5% Q1 GDP as proof of regional momentum. "It is business—not aid—that drives lasting growth," said Troy Fitrell, chief of the U.S. Africa Bureau. The goal of the conference is to strengthen business connections and draw American businesses to Africas changing economic environment. Read More..

B2B Tech News | 5 days ago        

BOJ Holds Rates at 0.5% as Board Splits Over Inflation and Tariff Fallout

With policymakers split on the way forward, the Bank of Japan BOJ held its June 16–17 meeting and maintained interest rates at 0.5%. Concerned about

With policymakers split on the way forward, the Bank of Japan BOJ held its June 16–17 meeting and maintained interest rates at 0.5%. Concerned about possible harm to Japans already frail economy, some members called for a sustained accommodating policy and caution owing to the uncertainty surrounding U.S. tariffs. According to one, the BOJ may need to boost rates "decisively" in spite of economic uncertainties, as inflation was increasing more quickly than anticipated. Additionally, in 2026, the board agreed to decrease the rate of balance sheet reduction. Among the worries were how increased rice prices would affect inflation forecasts and how tariffs might affect business mood later. July 30–31 is when the next policy meeting is planned. Read More..

B2B Tech News | 5 days ago        

India, U.S. Race to Finalize Trade Pact Before July 9 Tariff Deadline

Before the July 9 deadline, when the U.S. may reimpose a 26% reciprocal tariff on some Indian exports, India and the U.S. are attempting to complete a

Before the July 9 deadline, when the U.S. may reimpose a 26% reciprocal tariff on some Indian exports, India and the U.S. are attempting to complete an interim trade agreement. The United States wants market access for petrochemicals, wines, EVs, industrial items, and genetically modified products, while India wants a complete exemption. In return, India is advocating for duty reductions on leather, seafood, textiles, diamonds, and agricultural goods like grapes and bananas. Although agriculture and dairy are still controversial, the temporary agreement is a part of a larger deal that is anticipated to be finalised by autumn 2025. It comes in the wake of Indias FTA effort with the EU, the UK, and its neighbours. As extensive negotiations continue, it is unclear if the tariff moratorium will be prolonged. Read More..

B2B Tech News | 5 days ago        

From Palo Alto to the Cloud Snowcap’s $23M Bet on PostCMOS AI Acceleration

In order to create superconducting AI chips that outperform todays leading processors by a factor of 25, Snowcap Compute has obtained $23 million in s

In order to create superconducting AI chips that outperform todays leading processors by a factor of 25, Snowcap Compute has obtained $23 million in seed investment. Using niobium titanium nitride, the Palo Altobased firm is able to achieve zeroresistance electrical flow at cryogenic temperatures. According to Snowcap, net efficiency increases make cooling feasible despite its energy cost, particularly when data centre power restrictions are strained by AI and HPC workloads. Former Intel CEO Pat Gelsinger serves on the board of the business, which is run by Michael Lafferty, a former Cadence executive. By late 2026, their first chip should be ready, and complete systems will follow. Investor faith in nextgeneration computation architectures that can transform AI infrastructure in the face of mounting energy restrictions is reflected in the funding. Read More..

B2B Tech News | 5 days ago        

Amazon Commits $54 Billion to UK Expansion With New Fulfillment Hubs and Data Centers

One of Amazons biggest overseas promises is a $54 billion investment in the UK over the next three years. The plan calls for renovating more than 100

One of Amazons biggest overseas promises is a $54 billion investment in the UK over the next three years. The plan calls for renovating more than 100 operations facilities across the country, expanding current locations in Hull and Northampton, and constructing two new fulfilment centres in the East Midlands by 2027. Additionally, Amazon plans to expand its headquarters in London, build additional delivery stations, improve its transportation infrastructure, and renovate the Bray Film Studios in Berkshire. Prime Minister Keir Starmer lauded the investment as a "massive vote of confidence." It is part of the £8 billion AWS data centre plan announced in 2024 and would create thousands of jobs, making the UK Amazons thirdlargest market after the U.S. and Germany. Read More..

B2B Tech News | 5 days ago        

U.S. and South Korea Race to Finalize Tariff Deal Before July 8 Deadline

After a highlevel discussion between U.S. Commerce Secretary Howard Lutnick, U.S. Trade Representative Jamieson Greer, and South Koreas Trade Minister

After a highlevel discussion between U.S. Commerce Secretary Howard Lutnick, U.S. Trade Representative Jamieson Greer, and South Koreas Trade Minister Yeo Hankoo, the U.S. and South Korea have reaffirmed their commitment to achieving a tariff agreement as quickly as feasible. In particular, South Korea is requesting exclusions from President Trumps "reciprocal" duties on steel and autos. Discussions are taking place in advance of the temporary suspension of a 25% countryspecific duty expiring on July 8. Economic security, investment cooperation, and nontariff trade obstacles are among the other traderelated topics being discussed by both parties. Due to pressure from U.S. tariffs and political unrest at home, South Koreas exportdriven economy may be greatly impacted by the outcome. Read More..

B2B Tech News | 5 days ago        

Adani’s Mumbai Airport Secures $750M From Apollo to Refinance Debt, Boost Growth

A group headed by Apollo Global Management has invested $750 million in Adanis Mumbai International Airport Ltd MIAL in order to improve operational f

A group headed by Apollo Global Management has invested $750 million in Adanis Mumbai International Airport Ltd MIAL in order to improve operational flexibility and repay current debt. An additional $250 million may be raised as part of the agreement for capacity expansion and infrastructure improvements. The money will help achieve environmental objectives, such as achieving netzero emissions by 2029, and support modernisation initiatives at Chhatrapati Shivaji Maharaj International Airport, the countrys secondlargest airport. By March 2027, MIAL, an Adani Airport Holdings company, is anticipated to be spun off and go public. Apollos second significant investment in MIAL strengthens the trust of international investors in Adanis infrastructure plan. Read More..

B2B Tech News | 5 days ago        

U.S.Africa Summit Tackles AGOA Renewal and Deeper Economic Ties in Luanda

As the African Growth and Opportunity Act AGOA approaches its 2025 expiration, policymakers are reevaluating the future of economic relations between

As the African Growth and Opportunity Act AGOA approaches its 2025 expiration, policymakers are reevaluating the future of economic relations between the United States and Africa at the 17th U.S.Africa Business Summit in Luanda, Angola. The Corporate Council on Africa is hosting the summit, which brings together business executives, U.S. officials, and African heads of state to talk about economic cooperation, trade, and investment. Renewing AGOA, increasing US energy, infrastructural, and financial investment, and supporting regional integration initiatives like Angolas Lobito Corridor are important subjects. The African Unions current chair, Angola, is utilising the occasion to highlight its economic reforms and pressure Washington to make longterm trade promises. Read More..

B2B Tech News | 7 days ago        



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