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South Korea’s Exports Surge 4.0% in December, Marking 15th Month of Growth

According to a Reuters survey, South Koreas exports are expected to have grown by 4.0% in December, continuing their 15th straight month of growth. Th

According to a Reuters survey, South Koreas exports are expected to have grown by 4.0% in December, continuing their 15th straight month of growth. This comes after Novembers 1.4% increase. Despite this encouraging development, economists predict that possible U.S. tariffs will slow down export momentum in the upcoming year, significantly harming South Koreas crucial commercial connection with China. Some manufacturers are cutting production due to uncertainty surrounding trade policies following Donald Trumps election. The overall demand for South Korean goods is anticipated to decline despite the continued strength of semiconductor exports. In addition, a 4.6% increase in imports is expected, and a $4.21 billion trade surplus is projected for December. Read More..

B2B Tech News | 2 months ago        

Russia Embraces Bitcoin for International Payments Amid Western Sanctions

"Recent legislative changes aimed at countering Western sanctions have led to an increase in the use of bitcoin and other digital currencies for inter

"Recent legislative changes aimed at countering Western sanctions have led to an increase in the use of bitcoin and other digital currencies for international payments by Russian companies," said Finance Minister Anton Siluanov. Sanctions have hampered Russias trade with essential allies like China and Turkey, as local banks are cautious about dealing with Russia to evade regulatory attention from the West. During this year, Russia established itself as a global leader in bitcoin mining by legalising cryptocurrencies in international trade and taking steps to control cryptocurrency mining. "Transactions using mined bitcoins are already happening and are anticipated to grow even more in the upcoming year," Siluanov said. Vladimir Putin has also supported cryptocurrencies, pointing to the US dollars deteriorating reserve currency role due to political abuse. Read More..

B2B Tech News | 3 months ago        

Indian Exporters Set to Capitalize on U.S. Market Amid Rising Tariffs on Chinese Goods

Anticipating higher duties on Chinese goods, Indian exporters are proactively preparing to strengthen their position in the U.S. market. With assistan

Anticipating higher duties on Chinese goods, Indian exporters are proactively preparing to strengthen their position in the U.S. market. With assistance from American trade associations, discussions with the Indian government centre on utilising prospects in industries like textiles, leather, chemicals, electronics, auto parts, and toys to increase consumer awareness of Indian goods. The Federation of Indian Export Organisations FIEO vicepresident, Israr Ahmed, underlined Indias ability to compete in these fields and the $1 billion potential toy market. To increase competitiveness, exporters are asking for increased financial assistance, primarily through the Market Access Initiatives program, easier access to export financing, and more extended interest equalisation plans. India is wellpositioned as tensions between the United States and China increase because of the countrys solid U.S. connections and political stability. Read More..

B2B Tech News | 3 months ago        

India Secures $350 Million Loan from ADB to Strengthen Logistics Ecosystem

Under the second subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem SMILE initiative, the Indian government and the Asian D

Under the second subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem SMILE initiative, the Indian government and the Asian Development Bank ADB have agreed to a policybased loan of USD 350 million. This loan aims to strengthen supply chain resilience and Indias industrial sector. The ADB, the Department for Promotion of Industry and Internal Trade, and the Department of Economic Affairs reached the agreement. With an emphasis on comprehensive logistical reforms, the SMILE program creates a framework of policies to improve infrastructure development and efficiency at the federal, state, and local levels. Ultimately, it seeks to drive sustainable economic growth and job creation in India by standardising warehouse and logistics assets, encouraging private investment, and integrating intelligent systems. Read More..

B2B Tech News | 3 months ago        

Sheikh Hasina’s Son Calls Corruption Allegations Against Rooppur Nuclear Project “Bogus”

The son and advisor of Sheikh Hasina has called accusations of wrongdoing about the $12.65 billion deal for the Rooppur Nuclear Power Plant in 2015 "w

The son and advisor of Sheikh Hasina has called accusations of wrongdoing about the $12.65 billion deal for the Rooppur Nuclear Power Plant in 2015 "wholly false" and a "smear campaign." The Bangladesh AntiCorruption Commission opened a $5 billion investigation into allegations of financial irregularities involving Hasina, her son Sajeeb Wazed, and her niece Tulip Siddiq. The projects sponsor, Russian stateowned Rosatom, also denied the accusations, reaffirming its dedication to openness and honesty in its business practices. Wazed underlined that it would be challenging to embezzle billions of dollars from the project and that the family has never been connected to any irregularities in government project funding. Hasina, meanwhile, is still in New Delhi after escaping Bangladesh due to political turmoil. Read More..

B2B Tech News | 3 months ago        

Stellantis to Pay $4.2 Million Settlement for Excess Emissions in California

To settle a California inquiry into excessive emissions from specific diesel vehicles, Stellantis affiliate FCA US has agreed to pay $4.2 million. The

To settle a California inquiry into excessive emissions from specific diesel vehicles, Stellantis affiliate FCA US has agreed to pay $4.2 million. The settlement resolves violations related to Ram ProMaster 1500, 2500, and 3500 models with 3.0L diesel engines manufactured from 2014 to 2016 that had an unapproved device that evaded emissions controls and released almost 55 tonnes of excess nitrogen oxides, according to the California Air Resources Board CARB. In addition to $2.1 million to support a project encouraging slower cargo vessel speeds for the benefit of wildlife and air quality, the settlement includes more than $2 million in civil fines for the states Air Pollution Control Fund. Additionally, Stellantis will change the emissions control systems of the impacted vehicles through a recall. Read More..

B2B Tech News | 3 months ago        

Switzerland Confirms No Delay in TEPA Ratification Despite MFN Clause Suspension

The ratification and implementation of the Trade and Economic Partnership Agreement TEPA signed with India and the European Free Trade Association EFT

The ratification and implementation of the Trade and Economic Partnership Agreement TEPA signed with India and the European Free Trade Association EFTA bloc will not be delayed, according to Switzerlands recent decision to suspend the Most Favoured Nation MFN clause in the Double Taxation Avoidance Agreement. This ban may impact Swiss investments in India, and businesses in Switzerland may pay more taxes. Nonetheless, according to the Swiss Embassy in India, this judgement has no adverse effect on investments or trade relations. With an investment pledge of $100 billion from EFTA, the TEPA, signed in March, is anticipated to generate one million employment in India. The trade imbalance between Switzerland and India in 2023–2024 was $19.72 billion. Read More..

B2B Tech News | 3 months ago        

PM Narendra Modi to Strengthen IndiaKuwait Ties During TwoDay Visit

Prime Minister Narendra Modi will visit Kuwait for two days, starting Saturday, to enhance bilateral relations in trade, investment, defence, and cult

Prime Minister Narendra Modi will visit Kuwait for two days, starting Saturday, to enhance bilateral relations in trade, investment, defence, and cultural exchanges, as announced by the Ministry of External Affairs MEA. Invited by Emir Sheikh Meshal AlAhmad AlJaber AlSabah, Modi aims to discuss various cooperation areas, including boosting trade and energy ties. IndiaKuwait bilateral trade was valued at $10.47 billion in 202324, making India a key trading partner and a significant crude oil supplier. The visit is expected to strengthen ties with the Gulf Cooperation Council GCC and advance ongoing Free Trade Agreement FTA negotiations. This will be the first state visit by an Indian Prime Minister to Kuwait in 43 years. Read More..

B2B Tech News | 3 months ago        



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