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Ghana’s Central Bank Holds Interest Rate Steady at 27.00% Amid Rising Inflation

Following an increase in inflation last month, Ghanas central bank has kept its primary interest rate at 27.00% for the second consecutive meeting. Wi

Following an increase in inflation last month, Ghanas central bank has kept its primary interest rate at 27.00% for the second consecutive meeting. With the help of a $3 billion loan package from the International Monetary Fund, the West African country, which has defaulted on most of its external debt since December 2022, is slowly returning from the worst economic crisis in decades. Ernest Addison, governor of the Bank of Ghana, said that rising food costs, especially in the last quarter of the year, are the leading cause of the high inflation rate. With a two percentage point cushion, Ghanas consumer inflation hit 23.8% in December, the highest level in eight months and much beyond the central banks target of 8%. Read More..

B2B Tech News | 2 months ago        

Indian PM Modi Halts Privatization Efforts, Funds Struggling StateOwned Companies

Following unsuccessful privatisation attempts, Indian Prime Minister Narendra Modi is reversing his ambitious divestment plans by investing billions i

Following unsuccessful privatisation attempts, Indian Prime Minister Narendra Modi is reversing his ambitious divestment plans by investing billions in staterun companies that are suffering. The privatisation of nine stateowned enterprises was halted in January 2025 due to ministry resistance, and New Delhi announced approximately $1.5 billion in rescue packages for two of them. Following failed attempts to sell, helicopter operator Pawan Hans is one recipient of government funding, receiving $230 million for fleet modernisation. The government is also dealing with other companies financial difficulties, like Rashtriya Ispat Nigam Ltd. Only three sales have been completed since the policys introduction four years ago, indicating a substantial shift in the governments economic strategy. This move reflects growing political pressure and difficulties in accomplishing privatisation aims. Read More..

B2B Tech News | 2 months ago        

UMG and Spotify Forge MultiYear Agreement to Revolutionize Music Streaming

A multiyear partnership for recorded music and music publishing has been announced by Spotify and Universal Music Group UMG. Spotifys product range in

A multiyear partnership for recorded music and music publishing has been announced by Spotify and Universal Music Group UMG. Spotifys product range in the United States and several other countries is covered by the direct license established by this new publishing deal between UMG and Spotify. By adding additional premium subscription levels, combining music with nonmusic content, and growing the audio and visual content catalogue, the collaboration seeks to improve services for artists, songwriters, and consumers. Daniel Ek, CEO of Spotify, highlighted that this partnership will encourage ongoing innovation, increasing the appeal of music subscriptions to a larger demographic. In light of these changes, Spotify recently increased the cost of its U.S. plans and reduced marketing and workforce to increase profitability. Read More..

B2B Tech News | 2 months ago        

Bitcoin Dips Below $100,000 Amid Rising Caution in Market

Bitcoin plummeted below $100,000 on Monday, reaching its lowest value in 11 days at $98,852.17, marking a 6% decrease. According to analysts, the mark

Bitcoin plummeted below $100,000 on Monday, reaching its lowest value in 11 days at $98,852.17, marking a 6% decrease. According to analysts, the markets caution, triggered by the growing popularity of the Chinese AI model DeepSeek, caused a selloff in Western AIrelated equities. Since it challenges the dominance of Western corporations in the field, this change is being compared to AIs "Sputnik moment." A drop in Nasdaq futures and dissatisfaction with the Trump administrations delayed decisions about cryptocurrency further soured the market mood. Furthermore, riskier assets are adversely affected by worries of continuously high interest rates, which adds to the general pessimism in the cryptocurrency market. Read More..

B2B Tech News | 2 months ago        

IndiaOman CEPA Talks Expected to Accelerate During Piyush Goyal’s Oman Visit

When Commerce and Industry Minister Piyush Goyal visits Oman on January 27–28, negotiations on the Comprehensive Economic Partnership Agreement CEPA

When Commerce and Industry Minister Piyush Goyal visits Oman on January 27–28, negotiations on the Comprehensive Economic Partnership Agreement CEPA between India and Oman are anticipated to pick up steam. Goyal will join Qais bin Mohammed bin Moosa alYousef, Omans Minister of Commerce, Industry, and Investment Promotion, during the 11th Joint Commission Meeting. Currently, in a more advanced stage, the CEPA negotiations seek to produce a balanced, mutually beneficial, and commercially significant accord. In addition, the visit will cover commerce, investment, and the state of the world economy, emphasising the value of Indias trading relations with Oman, whose bilateral trade in 2023–2024 totalled over $8.94 billion. Goyal is scheduled to meet with several Omani officials and business representatives during his tour. Read More..

B2B Tech News | 2 months ago        

Tata Electronics Acquires 60% Stake in Pegatron Technology India to Boost iPhone Production

A significant boost to Indias electronics manufacturing industry has come from acquiring a controlling 60% ownership in Pegatron Technology India, a s

A significant boost to Indias electronics manufacturing industry has come from acquiring a controlling 60% ownership in Pegatron Technology India, a subsidiary of Taiwanese Pegatron Corporation, by Tata Electronics Pvt Ltd TEPL. This deal improved Tatas aspirations to produce iPhones in India and solidified its position as a major Apple supplier. Although Pegatron Technology India has not published the deals financial terms, it offers electronics manufacturing services EMS to customers worldwide, including Apple. In line with Tatas goal to progress in the electronics supply chain, the move follows the companys March 2024 acquisition of Wistrons India operations. The corporation plans to establish 500,000 manufacturing jobs in various industries and strengthen Indias place in the world of manufacturing by investing in Gujarats first semiconductor fabrication plant. Read More..

B2B Tech News | 2 months ago        

“Invest in DRC” Forum in Paris Highlights Democratic Republic of Congo’s Investment Potential

Held in Paris on 21 January 2025, the "Invest in DRC" symposium highlighted the countrys potential to attract foreign investors while showcasing its d

Held in Paris on 21 January 2025, the "Invest in DRC" symposium highlighted the countrys potential to attract foreign investors while showcasing its difficulties. The event, backed by NBA legend Tony Parker and President Félix Antoine Tshisekedi, sought to improve the DRCs international reputation and attract French investment. Numerous institutional, commercial, and public entities participated in talks centred on the DRCs unrealised economic potential. Jaamafunding founder Alpha Nury commended the opportunity to work together and plan for further initiatives. Citing the possibility of large profits, government spokesperson Patrick Muyaya underlined pledges to assist investors. Parker stated his goal to make the DRC a significant force in African development by investing in regional projects and raising the countrys prominence internationally. Read More..

B2B Tech News | 2 months ago        

Morgan Stanley CEO Ted Pick Signals Interest in Crypto Transactions Amid Regulatory Talks

After President Donald Trump returned to the White House and pledged procrypto regulations, U.S.based banks sought to increase their involvement in cr

After President Donald Trump returned to the White House and pledged procrypto regulations, U.S.based banks sought to increase their involvement in cryptocurrencies. Talks with U.S. regulators, including the Treasury, will intensify in the upcoming months, according to Morgan Stanley CEO Ted Pick, who announced plans to investigate the banks potential as a cryptocurrency transactor while preserving regulatory compliance. Morgan Stanley has historically taken a cautious approach to virtual assets. Still, it recently started letting financial advisors suggest Bitcoinbacked exchangetraded funds ETFs to a limited number of highnetworth customers. The SEC has established a task group to hasten the draughting of crypto laws, and the crypto industry is eagerly expecting the fulfilment of Trumps promises. Once regulations are defined, traditional banks are anticipated to adopt crypto services rapidly. Read More..

B2B Tech News | 2 months ago        



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