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UK Urges Tariff Concessions on EVs in IndiaUK FTA for Auto Market Entry

The UK aims for tariff concessions on Electric Vehicles EVs in ongoing IndiaUK FTA talks, seeking entry into Indias auto market, the worlds thirdlarge

The UK aims for tariff concessions on Electric Vehicles EVs in ongoing IndiaUK FTA talks, seeking entry into Indias auto market, the worlds thirdlargest. With plans to phase out Internal Combustion IC engines by 2035, London eyes increased EV exports beyond the EU. Indias 100% tariffs on imported cars prompt this move. Pending issues, including rules of origin and intellectual property rights IPR, delay the FTAs signing, initially slated for last years Diwali. Both nations, amid upcoming elections, aim to finalize the deal, having settled 21 out of 26 chapters. Indian Foreign Minister S. Jaishankar highlights the FTA as a key focus in IndiaUK relations, aiming for a mutually beneficial agreement. Read More..

B2B Tech News | 1 years ago        

Blackstone Leads Race for FDICs $17 Billion Signature Bank Loan Portfolio

According to reports, Blackstone is leading the competition to buy the $17 billion portfolio of commercial real estate loans from the sale of debt hel

According to reports, Blackstone is leading the competition to buy the $17 billion portfolio of commercial real estate loans from the sale of debt held by Signature Bank by the Federal Deposit Insurance Corp. FDIC in the United States. In September, the failing Signature Banks $33 billion commercial real estate loan portfolio was listed for sale by the FDIC. It is also reported that Starwood Capital Group and Brookfield Asset Management are among the other finance firms vying for the portfolio. Furthermore, the Wall Street Journal reports that a partnership between two charitable organisations and Related Fund Management is expected to prevail in an auction for billions of dollars worth of Signature Bank debts secured by New York apartment buildings. Read More..

B2B Tech News | 1 years ago        

Westpac to Raise $488 Million in Additional Tier 1 Capital Transaction

The thirdbiggest bank in Australia, Westpac Banking Corp., has disclosed that it intends to raise AUD 750 million $488.1 million through an Additional

The thirdbiggest bank in Australia, Westpac Banking Corp., has disclosed that it intends to raise AUD 750 million $488.1 million through an Additional Tier 1 AT1 capital transaction. At the lower end of the suggested margin range, bids totalling AUD 2.35 billion have been made by investors. The notes are predicted to have an interest margin of 3.3% to 3.10% when released for AUD 100 apiece. The bookbuild procedure will decide the ultimate margin. The purpose of AT1 bonds is to support banks in managing their cash flow during difficult times. In September, the Australian Prudential Regulation Authority APRA declared that the AT1 bond regulations will be reviewed. Read More..

B2B Tech News | 1 years ago        

Publicis Group CFO MichelAlain Proch Appointed as LSEGs CFO, Succeeding Anna Manz

With effect from March 1, 2024, MichelAlain Proch has been named the next Chief Financial Officer CFO of the London Stock Exchange Group LSEG. The adv

With effect from March 1, 2024, MichelAlain Proch has been named the next Chief Financial Officer CFO of the London Stock Exchange Group LSEG. The advertising giant Publiciss Group CFO, Proch, is set to take over for Anna Manz, who left the position in May. In addition to announcing intentions to give back one billion pounds to shareholders in 2024, LSEG recently raised its midterm growth target to "midtohigh single digits". The business is concentrating on expanding beyond acquiring analytics and data provider Refinitiv. Read More..

B2B Tech News | 1 years ago        

Asian Markets Outside Japan Surge 0.8% on Broad Economic Optimism

Solid earnings and demand from outside markets propelled Japanese equities to their best levels since 1990, with the Nikkei rising 8.2% for the month.

Solid earnings and demand from outside markets propelled Japanese equities to their best levels since 1990, with the Nikkei rising 8.2% for the month. A weakened dollar resulted from the activities of Chinas central bank, which raised the yuans value. International Asian stocks increased by 0.8%. There may have been a tentative deal reached by Israel, the US, and Hamas for a fiveday ceasefire in the Gaza conflict. As the central bank kept interest rates unchanged, Chinese blue chips declined. Thanksgiving and Black Friday sales are anticipated by US markets. While the S&P 500 has gained 18% this year, megacap tech stocks have done better. Analysts anticipate an update on Nvidias AIrelated product demand. Bond yields decreased when the US currency declined. Read More..

B2B Tech News | 1 years ago        

Copart Surpasses Q1 Expectations Revenue Hits $1.02 Billion

The online auto auction services supplier, Copart, reported increasing sales and profit for the first quarter, above market forecasts. For the quarter

The online auto auction services supplier, Copart, reported increasing sales and profit for the first quarter, above market forecasts. For the quarter that ended on October 31, the companys services sector, which includes car listing, bidding, shipping, and storage fees, had a noteworthy 18.3% growth in sales to $859.54 million. The total revenue for the quarter was $1.02 billion, beyond the $990.7 million average expectation of analysts. Coparts quarterly earnings of 34 cents per share were higher than analysts predicted 33 cents per share. The companys service divisions expansion, bolstered by underlying expansion in the insurance sector, is credited with its success. Read More..

B2B Tech News | 2 years ago        

Cryptocurrency Turbulence Bitcoin Slides Around 5% to $36,007

The recent drops in Ethereum to $1,959.8 and Bitcoin to $36,007, respectively, might impact companies operating in or affected by the cryptocurrency m

The recent drops in Ethereum to $1,959.8 and Bitcoin to $36,007, respectively, might impact companies operating in or affected by the cryptocurrency market. The cryptocurrency markets volatility may affect the financial standing of firms that own cryptocurrency assets by affecting the valuation of their portfolios. Businesses that use cryptocurrencies for payments or other activities may see changes in their assets value, which might impact their earnings. Furthermore, the general mood in the cryptocurrency market might affect investor confidence and tactics, which can affect companies involved in blockchain technology development, initial coin offerings ICOs, or initiatives connected to cryptocurrencies. Read More..

B2B Tech News | 2 years ago        

Healthcare Independence 3Ms Spinoff Unveils Itself as Solventum

American manufacturing giant 3M has said that Solventum will be the name of its autonomous healthcare venture after a separation. 3M said last year th

American manufacturing giant 3M has said that Solventum will be the name of its autonomous healthcare venture after a separation. 3M said last year that it would spin off its healthcare division into a different publicly traded company, albeit it would still own a 19.9% share. The action was taken amid legal disputes over purportedly faulty earplugs worn by service personnel. In 2022, the healthcare segment, which specialises in wound care, dental care, and healthcare technologies, reported revenues of about $8.4 billion. Bryan Hanson will lead the healthcare spinoff, expected to be finished in the first part of 2024. Read More..

B2B Tech News | 2 years 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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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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.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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