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Survey Japan Expects Chinas Economic Slump to Last Until 2025

A Reuters survey of 502 significant Japanese companies found that most believe Chinas economy would continue declining until at least 2025. 17% of res

A Reuters survey of 502 significant Japanese companies found that most believe Chinas economy would continue declining until at least 2025. 17% of respondents estimate that the economic slowdown will last until the end of 2024, while 52% believe it will last until 2025. 5% of respondents predict a recovery by the first quarter of 2024. Due to tight real estate market restrictions and escalating youth unemployment, China, Japans largest trading partner, saw a stagnation in cargo shipments and a decline in consumer expenditure. Meanwhile, 86% of polled Japanese businesses expect Prime Minister Fumio Kishida to announce an economic stimulus plan worth more than 10 trillion yen. Read More..

B2B Tech News | 2 years ago        

OECDs Multilateral Tax Treaty A New Era in Taxation

If enough nations ratify it, the OECD has revealed an international agreement that would replace various national tariffs on digital services. The tre

If enough nations ratify it, the OECD has revealed an international agreement that would replace various national tariffs on digital services. The treaty is the first phase of a twopart reform of multinational firms crossborder taxation, approved by about 140 countries in 2021. It targets a disjointed tax structure and enables big multinational corporations, particularly significant U.S. tech giants, to pay the least tax possible in highrevenue jurisdictions. The agreement specifies the transfer of taxing authority over around $200 billion in multinational earnings to the nations where the transactions occur. According to the OECD, this may result in a global tax collection of $17–32 billion. The deal requires U.S. participation because at least 30 nations, home to multinational corporations that comprise at least 60% of the affected companies, must ratify it. Read More..

B2B Tech News | 2 years ago        

IMF Uninformed as China Strikes Debt Deal with Sri Lanka

China has struck a preliminary debt agreement with Sri Lanka, surprising the International Monetary Fund IMF and other creditors who were separately n

China has struck a preliminary debt agreement with Sri Lanka, surprising the International Monetary Fund IMF and other creditors who were separately negotiating debt restructuring with Sri Lanka. Chinas ExportImport Bank reached this initial deal with Sri Lanka, although the exact terms have not been disclosed. The IMF and other creditors like Japan, the US, and India had planned to discuss debt restructuring without Chinas involvement. The IMFs senior mission chief for Sri Lanka mentioned they were aware of discussions but had not received details on any specific agreements. The official creditors committee is still pursuing a debt deal in Marrakech, aiming to prevent preferential terms for China in the arrangement. Read More..

B2B Tech News | 2 years ago        

TCS Shareholders to Benefit from 15% Premium Buyback Offer

Tata Consultancy Services TCS has announced a share buyback of Rs 17,000 crore at a price of Rs 4,150 per share, which represents a 15% premium over t

Tata Consultancy Services TCS has announced a share buyback of Rs 17,000 crore at a price of Rs 4,150 per share, which represents a 15% premium over the current market price. This marks the fifth buyback by TCS in the last six years, totaling Rs 66,000 crore. The company intends to repurchase up to 1.12% of its total equity, equivalent to 4,09,63,855 shares, excluding additional costs like taxes. TCS bought back its shares for the first time in February 2017, followed by two more in June 2018 and October 2020. Read More..

B2B Tech News | 2 years ago        

UnionPay Expands Presence in Singapore with Innovative Commercial Card

UnionPay, the global payment network, and FinTech company TripLink have partnered to introduce the UnionPay Virtual Commercial Card in Singapore. This

UnionPay, the global payment network, and FinTech company TripLink have partnered to introduce the UnionPay Virtual Commercial Card in Singapore. This collaboration addresses crossborder payment needs for businesses, especially in the airline and hotel industries, offering a secure and costeffective solution for realtime transactions. It also caters to the growing online travel sector, where a significant portion of revenue came from online sales in 2022, and the market is expected to exceed $1 trillion by 2030. This partnership expands UnionPays presence in Singapore, enabling more companies to participate in global eCommerce. UnionPay has issued over 200 million cards outside of China and is widely accepted by merchants worldwide. Read More..

B2B Tech News | 2 years ago        

Samsung Faces 80% Decline in Q3 Earnings Amid Semiconductor Challenges

Samsung Electronics is anticipated to report an approximately 80% drop in Q3 earnings, primarily due to semiconductor challenges. The South Korean tec

Samsung Electronics is anticipated to report an approximately 80% drop in Q3 earnings, primarily due to semiconductor challenges. The South Korean tech giant will release its earnings guidance soon, with analysts expecting a 78.7% YoY decline in operating profit to 2.3 trillion Korean won $1.7 billion. Revenue is predicted to fall by 11.6% to 67.8 trillion won. Samsung, the worlds top memory chip maker and largest smartphone player, is facing significant losses in its semiconductor division, a segment that typically generates substantial profits. Read More..

B2B Tech News | 2 years ago        

Japan and South Africa Partner for Green Hydrogen and Ammonia Initiative

Japan has pledged support for international development funding, research, and private sector involvement to establish a sustainable and affordable hy

Japan has pledged support for international development funding, research, and private sector involvement to establish a sustainable and affordable hydrogen and ammonia supply chain in South Africa. Both countries have signed a historic Memorandum of Cooperation, acknowledging South Africas potential as a competitive producer of hydrogen and green ammonia. The event took place during a Joint Workshop on Large Scale Hydrogen Projects in Tokyo, where Colin Loubser, General Manager of Hive Hydrogen, presented the Coega Green Ammonia Project. Read More..

B2B Tech News | 2 years ago        

Private Enterprises in China Receive Legal Protection Amidst Challenges

Chinas top court has released guidelines to enhance the legal environment for private businesses, signaling renewed government support for this critic

Chinas top court has released guidelines to enhance the legal environment for private businesses, signaling renewed government support for this critical economic sector. The private industry has been grappling with the aftermath of COVID19 restrictions and a broad regulatory crackdown, impacting the recovery of the worlds secondlargest economy. Despite government efforts announced in July to bolster the sector, confidence among private businesses remains shaky. The guidelines from the Supreme Peoples Court focus on legal protection for private companies and the rights of entrepreneurs. 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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