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Societe Generales Q3 Net Profit Soars by Over a Third

Increased income at Societe Generales worldwide retail, financial services, and insurance divisions contributed to a more than threefold increase in t

Increased income at Societe Generales worldwide retail, financial services, and insurance divisions contributed to a more than threefold increase in the French banks thirdquarter net profit. SocGens net profit for the third quarter of 2018 increased by 35.7% year over year to 1.1 billion euros $1.25 billion. The international retail banking segment, which profited from the consolidation of the recently acquired Romanian bank BT Microcredit, and its financial services and insurance arm, which saw a recovery in its insurance sector, drove the 3.9% increase in total group income to 6.3 billion euros. Read More..

B2B Tech News | 2 years ago        

Canadian Newcomer Alfajiri Wins Congos HighStakes Lake Kivu Gas Deal

The Canadian startup Alfajiri Energy Corporation was given the goahead to extract methane from Lake Kivu by the Democratic Republic of the Congo, even

The Canadian startup Alfajiri Energy Corporation was given the goahead to extract methane from Lake Kivu by the Democratic Republic of the Congo, even though it didnt match the tenders financial requirements. Given the "killer lakes" potential for a catastrophic eruption, the Lake Kivu project, which aims to produce gas for power generation and alleviate the nations electricity need, has been controversial. The project came up for auction by a 2015 law intended to encourage openness in the oil and gas industry however, Alfajiri Energy Corporation was unable to participate since it did not have the necessary financial records. Moreover, an assessment report dated December 8, 2022, seemed to have been modified to prioritise Alfajiri. Read More..

B2B Tech News | 2 years ago        

Australian PMs Historic Visit to China Aims to Boost Ties

Anthony Albanese, the prime minister of Australia, will make his first trip to China as a leader of that nation in seven years. Albanese intends to dr

Anthony Albanese, the prime minister of Australia, will make his first trip to China as a leader of that nation in seven years. Albanese intends to draw attention to commerce as a reconciling element in the tense relationship, stressing the value of preserving a positive working relationship with Australias biggest trading partner. Even though commerce is still very important to both nations, the visit will also talk about the growing tensions in the South China Sea. Since the majority of trade restrictions were lifted in 2020, relations between China and Australia have improved however, contentious issues such as territorial disputes and defence alliances still exist. Read More..

B2B Tech News | 2 years ago        

ArabAfrican Conference Kicks Off Youth & Tech Take Center Stage

The subject of this years 26th ArabAfrican Investment and International Cooperation Conference is "Youth as the Axis of Development – Opportunities

The subject of this years 26th ArabAfrican Investment and International Cooperation Conference is "Youth as the Axis of Development – Opportunities and Challenges." The event, which takes place in Sharm ElSheikh, Egypt, focuses on how Arab and African nations are embracing technology and artificial intelligence. In order to promote social and economic growth, it seeks to promote machine learning and digital transformation in the public, private, and collaborative sectors. The conference promotes a competitive and varied economy that moves towards a knowledgebased digital economy, which is in line with Egypts 2030 Vision for Sustainable Development. In collaboration with ONPASSIVE, the event will showcase AI products and solutions. Read More..

B2B Tech News | 2 years ago        

JPMorgan Chase CEO Warns Texas on BusinessFriendly Image

Jamie Dimon, the CEO of JPMorgan Chase, has voiced concerns that Texass reputation as a businessfriendly state is being jeopardised by laws that targe

Jamie Dimon, the CEO of JPMorgan Chase, has voiced concerns that Texass reputation as a businessfriendly state is being jeopardised by laws that target Wall Street banks for their fossil fuel and firearmsrelated policies. In 2021, Texas passed legislation that forbade government contracts with organisations that discriminated against the gun business other states have followed suit. JPMorgan Chase does not discriminate against or boycott anyone based on their political party or any other reason, Dimon emphasised. The ongoing discussion about environmental, social, and governance ESG practices and how they relate to state legislation and corporate operations is reflected in these developments. Read More..

B2B Tech News | 2 years ago        

SoftBanks Innovative BondStyle Shares Hit the Market

Japans SoftBank Corp raised 120 billion yen $799 million by listing its bondlike shares on the Tokyo Stock Exchange. SoftBank may redeem these shares

Japans SoftBank Corp raised 120 billion yen $799 million by listing its bondlike shares on the Tokyo Stock Exchange. SoftBank may redeem these shares following five years, and they have a fixed dividend of 2.5 per cent. The shares feature traits of both bonds and equity, despite being categorised as equity. Demand was high among institutional and individual investors, who made up the majority of the offerings target market. The shares are a desirable investment alternative, especially if interest rates rise because they are readily listed and may be acquired through the taxefficient Nippon Individual Savings Account NISA. Read More..

B2B Tech News | 2 years ago        

Toyota Recalls 1.85 Million RAV4s Over Fire Risks

Because installing replacement batteries poses a fire risk, Toyota is recalling 1.85 million RAV4 sport utility cars in the US. Cars with model years

Because installing replacement batteries poses a fire risk, Toyota is recalling 1.85 million RAV4 sport utility cars in the US. Cars with model years 2013–2018 are included in the recall. According to Toyota, if a holddown clamp is not tightened correctly, a replacement 12volt battery with a smaller top dimension may slide when the car is driven erratically, increasing the danger of a short circuit and fires. By the end of December, dealers will replace the positive terminal cover, battery tray, and holddown clamp with better parts. Customers will be informed of the recall timetable. Read More..

B2B Tech News | 2 years ago        

Samsung Races to Develop AI Training Tools to Compete with SK Hynix

Samsung Electronics exceeded profit expectations in the third quarter and anticipates a semiconductor market recovery in the next year. Net income dro

Samsung Electronics exceeded profit expectations in the third quarter and anticipates a semiconductor market recovery in the next year. Net income dropped 40% to 5.5 trillion won $4.1 billion in the September quarter, outperforming analyst estimates of 2.52 trillion won. This marks an improvement from the 86% decline in the previous quarter. The memory chip market, valued at $160 billion, faced challenges due to reduced demand for smartphones and PCs, impacting Samsung and competitor SK Hynix. Lower chip prices and reduced investments in new capacity by chipmakers contributed to this. Samsung expects memory chip prices to rise in the fourth quarter and predicts growing demand driven by artificial intelligence applications. 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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