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Australia’s ANZ Group Reports Flat Earnings Amid Global Trade Disruptions

Market realignment and alterations in international commerce were identified by Australias ANZ Group as the primary reasons for its stagnant firsthalf

Market realignment and alterations in international commerce were identified by Australias ANZ Group as the primary reasons for its stagnant firsthalf earnings. Trade flows are disrupted, necessitating companies to adjust their strategies and reallocate funds, according to outgoing CEO Shayne Elliott. ANZs cash profit stood at A$3.57 billion, slightly exceeding expectations but affected by intense competition in home loans. The restructuring of home loans led to a 48% surge in gross impaired assets, while the banks net interest margin remained steady at 1.56%. With the A$4.5 billion acquisition of Suncorp Bank, ANZ also bolstered its institutional lending. Rather than declining, Elliott emphasised that global economic activity will reorganise, positioning ANZ for longterm resilience. Read More..

B2B Tech News | 1 days ago        

China’s Alibaba Partners with RedNote to Revolutionize ApptoApp Shopping

Chinas ecommerce rivalry has intensified due to Alibabas partnership with RedNote Xiaohongshu to implement apptoapp purchasing, allowing users to buy

Chinas ecommerce rivalry has intensified due to Alibabas partnership with RedNote Xiaohongshu to implement apptoapp purchasing, allowing users to buy directly from Taobao. By competing with Meituan and JD.com, which dominate onehour delivery services, this move strengthens Alibabas instant retail strategy. The collaboration utilises RedNotes social commerce network to enhance conversions and focuses on fastmoving consumer goods and healthcare products. Alibaba aims to streamline the buying process by reducing barriers to transactions and product discovery. Experts view this as a strategic challenge to ByteDances TikTok Shopping, highlighting the competition for seamless AIpowered commerce. Alibabas foray into socially integrated purchasing could transform digital retail strategies globally as Chinas ecommerce giants converge. Read More..

B2B Tech News | 1 days ago        

Indian Rupee Drops to ₹84.66 as India’s Military Action Heightens Market Volatility

As a result of Indias Operation Sindoor, which targets terrorist camps in Pakistan and PakistanOccupied Kashmir, the value of the Indian rupee has dro

As a result of Indias Operation Sindoor, which targets terrorist camps in Pakistan and PakistanOccupied Kashmir, the value of the Indian rupee has dropped by 31 paise, to 84.66. In retaliation for the Pahalgam incident, nine terror targets were struck, including the Muridke facility of LashkareTaiba and the Bahawalpur base of JaisheMohammad. According to forex specialists, speculative dollar buying has been prompted by increased market volatility due to geopolitical tensions. It is anticipated that the Reserve Bank of India RBI may step in to keep the rupee stable, and foreign institutional investors FIIs may modify their equities holdings in response to new information. Read More..

B2B Tech News | 2 days ago        

Trump Signals U.S.China Trade Talks Amid Beijing’s Economic Slowdown

Former US President Donald Trump hinted at possible discussions to resolve current tariff tensions when he stated that China is willing to negotiate a

Former US President Donald Trump hinted at possible discussions to resolve current tariff tensions when he stated that China is willing to negotiate a trade agreement. Trump emphasised that the United States and China will meet at the "appropriate time," implying that the timing of the talks might be carefully considered to optimise economic benefits. Additionally, he hinted at potential renegotiations of the USMCA, suggesting more significant changes to trade policy. The comments coincide with Chinas economic downturn, during which Beijing is reportedly seeking to lower tariffs to stabilise exports. Read More..

B2B Tech News | 2 days ago        

Gold Fields Acquires Gold Road for $2.4 Billion Amid Gold Price Surge

The Gruyere gold mine in Western Australia will now be owned by South Africas Gold Fields after the two countries agreed to pay $2.4 billion to acquir

The Gruyere gold mine in Western Australia will now be owned by South Africas Gold Fields after the two countries agreed to pay $2.4 billion to acquire Australias Gold Road Resources. Finalised after Gold Road turned down a previous approach, the deal offers a 43% premium to the companys March closing price, valuing it at A$3.7 billion. The purchase coincides with recordhigh gold prices—above $3,000 per troy ounce—which are driving a surge in mergers in the gold industry. CEO of Gold Fields Mike Fraser highlighted the strategic advantages, pointing to increased production potential and land availability. The business will reinforce its worldwide mining portfolio by financing the acquisition using bridge finance and robust cash flow. Read More..

B2B Tech News | 2 days ago        

IndiaUK Free Trade Agreement Sets New Standard for Global Trade Deals

With the completion of their historic Free Trade Agreement FTA, India and the UK have set a new standard for future trade agreements. The deal, reache

With the completion of their historic Free Trade Agreement FTA, India and the UK have set a new standard for future trade agreements. The deal, reached after three years of negotiations, ensures dutyfree access to the UK market for 99 percent of Indian exports, benefiting industries such as leather, textiles, marine products, and auto components. Ninety percent of tariff lines will experience reduced import charges from India, and within ten years, 85% will be completely tarifffree. Additionally, the FTA streamlines skilled worker mobility, thereby enhancing bilateral investment and trade. By 2030, the agreement is expected to triple trade volume to $100 billion, solidifying Indias status as the worlds leading trading nation. Read More..

B2B Tech News | 2 days ago        

AMD Forecasts $7.4 Billion Revenue Amid Strong AI Chip Demand

Strong demand for AI chips has led AMD to project secondquarter sales of approximately £7.4 billion, exceeding Wall Streets expectation of £7.25 bil

Strong demand for AI chips has led AMD to project secondquarter sales of approximately £7.4 billion, exceeding Wall Streets expectation of £7.25 billion. AMD anticipates doubledigit growth in its data centre AI business, thereby strengthening its competitive position against Nvidia, despite U.S. export restrictions on AI processors to China. The company expects these restrictions to reduce revenue by £1.5 billion, yet remains optimistic about AI sales in the long term. AMDs data centre division grew by 57% year on year to £3.7 billion, reflecting Microsoft and Metas ongoing commitment. AMDs resilience in the face of trade concerns is underscored by this positive prediction, positioning the company for substantial growth in 2025. Read More..

B2B Tech News | 2 days ago        

Binance and Kyrgyzstan Partner to Expand Crypto Payments and Web3 Adoption

Binance has teamed up with the National Agency for Investments of the Kyrgyz Republic to launch cryptocurrency payments and raise awareness of Web3. S

Binance has teamed up with the National Agency for Investments of the Kyrgyz Republic to launch cryptocurrency payments and raise awareness of Web3. Signed at the Council for the Development of Digital Assets, the deal allows cryptocurrency transactions and crossborder payments throughout Central Asia and the Eurasian Economic Union EAEU by integrating Binance Pay into Kyrgyzstans financial system. Additionally, Binance Academy will assist educational initiatives that promote Web3 usage and financial knowledge. The plan was approved by Kyrgyz President Sadyr Japarov, who saw it as a step towards modernising the nations digital economy. Through the development of digital assets, the cooperation promotes economic growth and fortifies Kyrgyzstans crypto infrastructure, establishing it as a regional leader in blockchain adoption. Read More..

B2B Tech News | 3 days ago        



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