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China Takes Active Role in Zambias Debt Restructuring Mao Ning

A spokesman for the Chinese Foreign Ministry, Mao Ning, said that China is keeping an eye on the discussions about Zambias debt restructuring and will

A spokesman for the Chinese Foreign Ministry, Mao Ning, said that China is keeping an eye on the discussions about Zambias debt restructuring and will assist the nation in resolving pertinent matters. Mao emphasised that China was the first recognised foreign creditor to relieve Zambia of its debt and was playing a significant role in the matter. To support Zambia and other African nations in achieving more significant economic and social advancement, she urged the international community to collaborate with China and take decisive action. Despite an agreement with bilateral lenders last year covering over $6 billion, Zambia still owes around $7 billion on debt that needs to be resolved. The countrys quest for debt relief has been long and exhausting, with a deal with bondholders to restructure about $3 billion of debt rejected by official creditors last October. Read More..

B2B Tech News | 1 months ago        

Deutsche Bank and Bitpanda Forge Partnership to Simplify Crypto Transactions

Deutsche Bank has teamed up with Bitpanda, an Austrian exchange, to make it easier for customers to deposit and withdraw cryptocurrency. This partners

Deutsche Bank has teamed up with Bitpanda, an Austrian exchange, to make it easier for customers to deposit and withdraw cryptocurrency. This partnership is a big step forward for the cryptocurrency sector, which has needed help finding banking partners. Deutsche Banks local bank account numbers will help Bitpanda customers in Germany by expediting fiat currency transfers. Regulators worries about merging cryptocurrency markets with traditional finance have kept Deutsche Bank from being careful, placing a strong emphasis on risk management and compliance. With this collaboration, Deutsche Bank further solidifies its position as a top bank in this developing industry by demonstrating its dedication to assisting highpotential platforms in virtual asset investing. Read More..

B2B Tech News | 1 months ago        

BHP Group Commits to South African Investment Amid Bid for Anglo American

As part of its offer to buy Anglo American, BHP Group has promised to make economic investments in South Africa, which might change the nations mining

As part of its offer to buy Anglo American, BHP Group has promised to make economic investments in South Africa, which might change the nations mining industry. Though Anglo American rejected BHPs bid because of structural problems, BHP is still committed to the acquisition. Two South African divisions will be spun off as part of the proposal, with BHP concentrating on copper and renewable energy products. Maintaining employment levels, sponsoring philanthropic programmes, and supporting the independent listings of Anglo Platinum and Kumba Iron Ore on the Johannesburg Stock Exchange are just a few of BHPs investment commitments. The bid is timed to coincide with the crucial election in South Africa, bringing socioeconomic issues to light and emphasising the importance of BHPs suggested contributions. Read More..

B2B Tech News | 1 months ago        

Axis Bank, Mastercard Unveil NFC Soundbox Revolutionary Payment Solution

An innovative option for Indian retailers, the NFC Soundbox was launched by Axis Bank and Mastercard. This unique gadget makes acceptance of Bharat QR

An innovative option for Indian retailers, the NFC Soundbox was launched by Axis Bank and Mastercard. This unique gadget makes acceptance of Bharat QR, UPI, Tap & Pay, and Tap + Pin payments possible. Axis Bank was the first to provide Tap + Pin transactions for over ₹5000. It has a 4G + WiFi connection, dual confirmation via multilingual voice and visual signals, and dynamic QR codes for simple transactions. Axis Banks President & Head of Cards & Payments, Sanjeev Moghe, stressed the banks dedication to providing innovative, safe, and reasonably priced payment options. Mastercards Gautam Aggarwal praised the gadgets ability to promote digital payments among small retailers and establish a standard for innovation in digital payments worldwide. Read More..

B2B Tech News | 1 months ago        

Google Wallet Debuts in India, Integrates Pine Labs for Gift Card Management

Google Wallet was released in India and has since partnered with Pine Labs to add gift cards. Thanks to this partnership, gift cards can now be manage

Google Wallet was released in India and has since partnered with Pine Labs to add gift cards. Thanks to this partnership, gift cards can now be managed directly from the Google Wallet app on Android smartphones. Google offers the technology to store and manage these cards, including buypoint reminders. At the same time, Pine Labs contributes its experience with brand gift cards. The increase in egifting among younger customers is expected to propel the growth of the gift cards market in India, which is expected to reach $15.7 billion by 2028 from $7.6 billion in 2023. Because so many people use Android, Pine Labs Navin Chandani predicts a significant rise in the use of Gift Cards. Ram Papatla from Google emphasized the partnerships potential to offer users secure, manageable, and innovative experiences. Read More..

B2B Tech News | 1 months ago        

EU Approves 2 Billion Euro Aid for STMicroelectronics Sicily Plant

Italian state aid measures worth 2 billion euros $2.16 billion have been granted by the European Commission to help STMicroelectronics develop a new s

Italian state aid measures worth 2 billion euros $2.16 billion have been granted by the European Commission to help STMicroelectronics develop a new semiconductor manufacturing plant in Catania, Sicily. Set up as a direct grant this assistance is a component of a broader investment initiative with a total estimated value of 5 billion euros. The investment is intended to support semiconductor manufacture, essential to the regions technical advancement and economic expansion. The choice demonstrates the EUs will to support its semiconductor sector in the face of difficulties with the global supply chain. Read More..

B2B Tech News | 1 months ago        

Dell Predicts Lower Profit, Citing Increased AI Server Costs

Dell DELL.N has predicted a lower profit for the current quarter than the market anticipated, suggesting that increased construction costs for AIoptim

Dell DELL.N has predicted a lower profit for the current quarter than the market anticipated, suggesting that increased construction costs for AIoptimized servers will impact yearly margins. For the fiscal year 2025, the business projects an approximate 150 basis point drop in adjusted gross margin rates. Dell anticipates an adjusted profit per share for the current quarter of $1.65, compared to analysts average expectation of $1.84. The margin reduction is exacerbated by increasing input costs and a competitive pricing environment. During extended trading, Dells shares dropped more than 17% despite a spike in demand for items with AI capabilities and highspeed computers. The business increased its sales estimate for the fiscal year 2025 to between $93.5 billion and $97.5 billion after reporting a 6% increase in revenue to $22.24 billion in the first quarter. Read More..

B2B Tech News | 1 months ago        

Salesforce Forecasts BelowExpectation Revenue for Second Quarter

Due to poor customer spending on its cloud and large business offerings, Salesforce predicted secondquarter earnings and sales below Wall Street proje

Due to poor customer spending on its cloud and large business offerings, Salesforce predicted secondquarter earnings and sales below Wall Street projections. The business has projected sales of $9.20 billion to $9.25 billion, which is less than analysts projected revenue of $9.37 billion. This forecast shows that customers are cutting back on purchases due to worries about inflation and rising interest rates. Salesforces revenue growth is expected to fall down to single digits, which is the weakest pace in the companys history and signals a slowdown following years of fast rise. Salesforce struggles to spur growth despite its AI efforts, which has raised questions about other solutions, such as M&A. Although the companys firstquarter earnings were high, it reduced its operating margin projections for the fiscal year 2025. Read More..

B2B Tech News | 1 months ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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