Header-template

BUSINESS NEWS

Dazheng GroupLed Consortium Makes Bold $1.8 Billion Bid for Hollysys Automation Technologies

A consortium led by Chinas Dazheng Group Acquisition is putting up a $1.8 billion allcash offer to buy the wellknown automation and control technology

A consortium led by Chinas Dazheng Group Acquisition is putting up a $1.8 billion allcash offer to buy the wellknown automation and control technology supplier Hollysys Automation Technologies. The bid, priced at $29 per share, is 9.4% more than Ascendent Capitals December offer. The consortium, which consists of GA Technologies and TFI Asset Management, wants to purchase all outstanding shares that arent already held. This action comes after a previous August offer by a group led by Recco Control Technology and Dazheng Group for $25 per share. Regarding the most recent bid, Hollysys Automation Technologies has yet to respond. The purchase represents a significant change in the industrys automation and control technologies ownership structure. Read More..

B2B Tech News | 2 months ago        

Chip Giant Nvidia Makes Record $15 Million Contribution to Aid Victims of IsraelHamas Conflict

By contributing $15 million to Israeli and international nonprofit organisations that assist people impacted by Israels conflict with the Palestinian

By contributing $15 million to Israeli and international nonprofit organisations that assist people impacted by Israels conflict with the Palestinian terrorist group Hamas, American chipmaker Nvidia and its workers have made an enormous impact. This remarkable gift, the most significant humanitarian fundraising in Nvidias 30year history, was donated in reaction to the ongoing violence. The $5 million total contribution from the companys employees, who come from over 30 nations, was matched by Nvidia and increased to $15 million. This project was a component of a scheme to help individuals affected by the fighting. Nvidia acknowledged the wide range of assistance from its worldwide workforce and emphasised their sincere concern and care. Read More..

B2B Tech News | 2 months ago        

Honda Recalls 4.5 million Vehicles Globally Over Fuel Pump Failure Risk

About 4.5 million cars worldwide are being recalled by Honda Motors American division owing to the possibility of a fuel pump failure. In the US, 2.54

About 4.5 million cars worldwide are being recalled by Honda Motors American division owing to the possibility of a fuel pump failure. In the US, 2.54 million automobiles are part of this recall. The recall is connected to the problem of Honda recalling cars in the US in 2020 and 2021. In early February, we will see notifications to owners of the impacted vehicles from the business that intends to repair the fuel pump module. The recall covers many vehicles, including the Honda Accord, Civic, CRV, HRV, Insight, Ridgeline, Odyssey, Passport, and several Acura models. Read More..

B2B Tech News | 2 months ago        

Russia Allocates Over $12 Billion to Bolster Aviation Sector Amid Western Sanctions

Since the Western sanctions imposed in response to Russias invasion of Ukraine caused Western plane makers Airbus and Boeing to halt services and spa

Since the Western sanctions imposed in response to Russias invasion of Ukraine caused Western plane makers Airbus and Boeing to halt services and spare part supplies, the country has allocated over $12 billion in state subsidies and loans to support its aviation sector. Russia has spent $12.07 billion to support its civil aviation industry, including financial assistance for airlines and aircraft manufacturing. The country aims to develop its aviation industry independently. It is purchasing aircraft from foreign lessors to prevent the seizure of its fleet. Read More..

B2B Tech News | 2 months ago        

Blue Origins New Leader Dave Limp to Apply Amazons Manufacturing Strategies

Former Amazon executive Dave Limp, who Jeff Bezos chose to head Blue Origin, intends to use Amazons rapid manufacturing techniques to compete with Spa

Former Amazon executive Dave Limp, who Jeff Bezos chose to head Blue Origin, intends to use Amazons rapid manufacturing techniques to compete with SpaceX in Blue Origins rocket launch and moon landing industry. Limp, the former head of Amazons products division, wants to speed up the creation of Blue Origins BE4 engine and the construction of its New Glenn rocket. During a companywide conference, he underlined the need to fulfil scheduled deadlines and integrate software and artificial intelligence in production. To compete with SpaceX, Blue Origin is under pressure, and Limps leadership is essential to resolving development delays. Read More..

B2B Tech News | 2 months ago        

Airbag Concerns Lead Toyota to Recall 1.12 Million Vehicles Worldwide

A possible sensor problem that can prevent airbags from deploying as intended has prompted Toyota to recall 1.12 million cars worldwide. The recall af

A possible sensor problem that can prevent airbags from deploying as intended has prompted Toyota to recall 1.12 million cars worldwide. The recall affects several cars from the 2020–2022 model years, including hybrid versions of the Highlander, Camry, Corolla, RAV4, Lexus ES250, ES300H, ES350, RX350, and Avalon. In the US, one million cars are part of the recall. The Occupant Classification System OCS, which ensures airbags dont go off if a tiny adult or kid is seated in the front seat, is mainly affected by the sensor problem. In February, Toyota intends to start contacting owners. Read More..

B2B Tech News | 2 months ago        

Microsoft Inks 15Year Deal with Chestnut Carbon for Innovative Carbon Removal Credits

Microsoft has partnered with the offset business Chestnut Carbon to buy credits for removing carbon dioxide from the environment. Chestnuts offset str

Microsoft has partnered with the offset business Chestnut Carbon to buy credits for removing carbon dioxide from the environment. Chestnuts offset strategy includes planting new trees on land once used for farming or other uses, in contrast to offset agreements that concentrate on protecting existing trees. Microsoft will obtain carbon reduction credits from chestnut trees planted in the Mississippi Alluvial Valley for fifteen years. Over the contract term, the agreement seeks to remove up to 2.7 million tonnes of carbon. Microsoft believes carbon removal measures are essential to meet its target of being carbonnegative by 2030. Read More..

B2B Tech News | 2 months ago        

BET Network Sale Paramount Global in Discussions with ManagementLed Investor Group

According to reports, a managementled investment group is discussing purchasing Paramount Globals Black Entertainment Television BET network. Scott Mi

According to reports, a managementled investment group is discussing purchasing Paramount Globals Black Entertainment Television BET network. Scott Mills, the CEO of BET, and Chinh Chu, the former executive of Blackstone, who now runs CC Capital Partners, are among the possible purchasers. The acquisition is said to have cost little less than $2 billion. Due to inadequate offers, Paramount decided against selling its ownership in BET Media Group earlier this year. The famous cable networks ownership may change due to the ongoing discussions. Read More..

B2B Tech News | 2 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts


1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   1624   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   1505   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   1798   

4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
   1991   

5.  Approximately 8 billion gadgets connect on the internet every day.
   2988   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!


Where do you go to learn more about whats happening in your industry? Check all that apply.

12 votes, Poll active
Footer-template