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SEBI Concludes Investigation AdaniHindenburg Matter Nearing Resolution

The Securities and Exchange Board of India, Indias market regulator, notified the Supreme Court that it would not be requesting any more time to finis

The Securities and Exchange Board of India, Indias market regulator, notified the Supreme Court that it would not be requesting any more time to finish its investigation into the AdaniHindenburg case. The efforts taken by SEBI to safeguard investor value were questioned by Indias Chief Justice, DY Chandrachud. Attorney General Tushar Mehta, who represents SEBI, said that the agency has begun the decisionmaking process following the probe and that action has been taken against shortsellers based on cases that have been found. The court brought up Extreme stock market volatility, which led SEBI to reiterate that it accepts expert committee suggestions to bolster regulatory frameworks. Read More..

B2B Tech News | 1 years ago        

Protests Disrupt Operations First Quantum Minerals Ltd. Faces Setback in Panama

The primary copper mine owned by First Quantum Minerals in Panama is not producing at a profit because demonstrators blockade an essential port. The d

The primary copper mine owned by First Quantum Minerals in Panama is not producing at a profit because demonstrators blockade an essential port. The disturbances have impeded the deliveries of necessary supplies, such as coal, to power the facility. First, Quantum Minerals and the Panamanian economy benefit significantly from the Cobre Panama mine, which produced 112,734 metric tonnes of copper in the third quarter of 2023. Disagreements about a new contract that First Quantum and the government signed in October caused the demonstrations. According to the corporation, production will restart after the port embargo is lifted. The Supreme Court of Panama is now considering challenges to the pact. Read More..

B2B Tech News | 1 years ago        

Taking Flight Virgin Australia Orders Six Boeing MAX8 Aircraft

Virgin Australia is adding six more Boeing MAX8 aircraft to its fleet, increasing the total number of aircraft it has ordered to fourteen. As the avia

Virgin Australia is adding six more Boeing MAX8 aircraft to its fleet, increasing the total number of aircraft it has ordered to fourteen. As the aviation sector recovers from the COVID19 epidemic, the move is intended to accommodate the increased demand for travel. In fiscal 2023, Virgin Australia achieved profitability for the first time in 11 years. It is anticipated that the recently ordered aircraft, which will be delivered in the second half of 2024, would cut emissions by at least 15% each trip. The airline intends to use the MAX8s to fly to locations including Fiji, Bali, and Samoa on both shorthaul local and international routes. Read More..

B2B Tech News | 1 years ago        

Crypto Shockwave $956 Million Pulled from Binance After CEOs Resignation

Within the previous day, investors withdrew over $956 million from Binance in response to CEO Changpeng Zhaos resignation and guilty plea in a U.S. in

Within the previous day, investors withdrew over $956 million from Binance in response to CEO Changpeng Zhaos resignation and guilty plea in a U.S. investigation into illegal funding. Although Binance consented to pay $4.3 billion to resolve the lawsuit, the exchanges future remains to be determined. Richard Teng replaced Zhao, although worries about unresolved legal matters with the U.S. Securities and Exchange Commission still exist. The business neglected to disclose any questionable transactions, including those involving organisations designated as terrorist organisations. Zhao resigned from his operational role at Binance and might spend up to eighteen months in prison. The impact on Binances significant assets is still minimal despite the outflows. Read More..

B2B Tech News | 1 years ago        

Goldman Sachs Paid Patrick Cantlay Over $1 Million Annually in Sponsorship Deal

Goldman Sachs reportedly paid professional golfer Patrick Cantlay over $1 million annually in a threeyear sponsorship deal linked to the bank’s cons

Goldman Sachs reportedly paid professional golfer Patrick Cantlay over $1 million annually in a threeyear sponsorship deal linked to the bank’s consumerbanking initiatives. The 2020 contract included a base of $1.1 million per year, with additional performance bonuses for PGA Tour and Major victories. However, the bank chose not to renew Cantlay’s sponsorship in its shift away from retail banking pursuits, mirroring CEO David Solomons decision to end lossmaking ventures. Cantlay initially sported the Marcus brand cap, replaced by Goldman Sachs branding following a push by bank president John Waldron. Despite the termination, Cantlay remains listed as a brand ambassador on Goldmans website alongside other sports figures. Both Goldman Sachs and Cantlay’s representatives declined to comment on the financial terms. Read More..

B2B Tech News | 1 years ago        

Airbnb Emerges as FastestGrowing Brand Amidst Global Stagnation

Interbrand’s 2023 Best Global Brand Report revealed stagnation among top 100 brands, marking a 5.7% growth compared to the previous years 16%, total

Interbrand’s 2023 Best Global Brand Report revealed stagnation among top 100 brands, marking a 5.7% growth compared to the previous years 16%, totaling $3.3 trillion in brand value. Apple retained its 11year reign as the leading brand, while Airbnb emerged as the fastestgrowing, increasing by 21.8% and climbing eight spots in the rankings. Factors like a lack of growth mindset, conservative leadership, and uncertain forecasts contributed to this slowdown, prompting the need for improved business cases and brand management. Automotive and luxury sectors notably excelled, with BMW making its top 10 debut, while Zara and Sephora shined among retailers with doubledigit brand value increases. Read More..

B2B Tech News | 1 years ago        

Challenges Mount South African Business Sentiment Falls Despite Rate Hikes

South African business sentiment declined unexpectedly in Q4 as newvehicle dealers confidence hit its lowest since the pandemics peak. The business co

South African business sentiment declined unexpectedly in Q4 as newvehicle dealers confidence hit its lowest since the pandemics peak. The business confidence index dropped to 31, below expectations, with dealers registering a mere 6 index points due to subdued demand amid consumer income pressures and higher interest rates. The Reserve Bank raised rates significantly since November 2021, impacting sales. Poor trading conditions persist, compounded by logistical hurdles like port delays and infrastructure issues. This decline hints at slowed GDP growth, indicating ongoing economic challenges. Read More..

B2B Tech News | 1 years ago        

Nissan Unveils Ambitious £1 Billion Plan for Electric Qashqai and Juke Models

On Friday, Nissan is expected to declare that it will start producing electric Qashqai and Juke vehicles at its northern English facility in Sunderlan

On Friday, Nissan is expected to declare that it will start producing electric Qashqai and Juke vehicles at its northern English facility in Sunderland. According to sources, the British government is poised to guarantee the companys investment of more than £1 billion $1.25 billion in the project. This action aligns with Nissans larger strategy to manufacture electric vehicles EVs and meet the rising demand for EVs in Europe. Nissan already has a sizable production facility in Sunderland, so this move is considered a calculated step towards electric vehicles. Read More..

B2B Tech News | 1 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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