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Volvo Boosts Nuevo Leon Truck Factory Investment to $1 Billion

Volvo recently revealed that it has increased its investment from $700 million to $1 billion for a new truck manufacturing plant in Nuevo Leon, Mexico

Volvo recently revealed that it has increased its investment from $700 million to $1 billion for a new truck manufacturing plant in Nuevo Leon, Mexico. The production of heavyduty vehicles for the North American market will start at this site, which is close to Monterrey, in 2026. The announcement was shared by Mexicos Economy Minister Marcelo Ebrard, who emphasised the projects importance for expanding the local industrial sector. Volvos action demonstrates the companys dedication to growing its footprint in the Americas. Read More..

B2B Tech News | 1 months ago        

Kenya Retracts Debt Restructuring Claim After Talks with Chinas Finance Minister

After a recent meeting in Beijing, Kenyas Finance Ministry withdrew a statement indicating it would discuss debt restructuring with Chinas Finance Min

After a recent meeting in Beijing, Kenyas Finance Ministry withdrew a statement indicating it would discuss debt restructuring with Chinas Finance Minister Lan Foan. The ministry first stated on social media that China wanted to help Kenyas economic stability by facilitating debt restructuring and concessional financing. However, the article was later removed and reprinted without these citations. Kenya confirmed that these kinds of talks did not occur, instead emphasising the development of commercial and investment relations. This retraction has raised confusion, particularly as Kenya struggles with a significant debt load and expensive payback obligations. Read More..

B2B Tech News | 1 months ago        

Global Markets Plunge as Trump Imposes Sweeping Import Tariffs

After former U.S. President Donald Trump announced sweeping import tariffs, stock markets worldwide have seen a dramatic decline. The Nasdaq fell 4%,

After former U.S. President Donald Trump announced sweeping import tariffs, stock markets worldwide have seen a dramatic decline. The Nasdaq fell 4%, the Dow Jones fell 1,520 points, and the S&P 500 fell 4%. The Asian and European markets experienced losses, with Germanys DAX dropping 2.4% and Japans Nikkei 225 down 2.8%. A 10% base tax on imports from all countries is part of the tariffs higher rates apply to countries with trade surpluses, such as China 34% and the EU 20%. Economists caution that these actions may increase the likelihood of inflation and a recession, but Trump maintains that the tariffs are a tactic to support American industry and economic expansion. Read More..

B2B Tech News | 1 months ago        

Lenovo and Ericsson Resolve Global Patent Dispute with CrossLicense Agreement

A deal has been struck between Lenovo and Ericsson to end their international patent licensing conflict. A worldwide patent crosslicence for several y

A deal has been struck between Lenovo and Ericsson to end their international patent licensing conflict. A worldwide patent crosslicence for several years and the termination of all pending legal actions and administrative procedures in several nations, including the US International Trade Commission, are components of the deal. The settlements financial effects are anticipated to become apparent beginning in the second quarter of 2025. Arbitration will be used to resolve any outstanding issues. Cooperation is crucial to advance 5G and other wireless technologies, as this resolution emphasises. Read More..

B2B Tech News | 1 months ago        

Sodexo Reports 3.5% Organic Revenue Growth Despite Profit Warning

Despite a recent profit warning, Sodexo announced a 3.5% increase in organic sales for the first half of fiscal 2025, which aligns with its earlier pr

Despite a recent profit warning, Sodexo announced a 3.5% increase in organic sales for the first half of fiscal 2025, which aligns with its earlier projections. Revenue for the business increased to €12.48 billion from €12.10 billion during the same time last year. Difficulties have hindered growth in North Americas healthcare and education sectors, but Sodexo is taking steps to resolve these problems. Sophie Bellon, the CEO, stressed the companys dedication to enhancing performance and staying focused on its strategic goals. This expansion is a testament to Sodexos ability to withstand industryspecific difficulties and economic strains. Read More..

B2B Tech News | 1 months ago        

South Africa Seeks U.S. Talks Over Proposed 25% Auto Tariff Impact

South Africa wants to meet with U.S. officials to discuss concerns around a planned 25% car import tax. Trade Minister Parks Tau emphasised that the A

South Africa wants to meet with U.S. officials to discuss concerns around a planned 25% car import tax. Trade Minister Parks Tau emphasised that the African Growth and Opportunity Act AGOA provides dutyfree access for South Africas car exports worth over $2 billion. 64% of South Africas AGOA exports are autos therefore, the additional tariffs might have a big effect on the countrys economy. Tau stressed that the U.S. auto sector is not threatened by South Africas exports, which only make up a small portion of the countrys car imports. The government intends to work with local automakers and U.S. officials to lessen possible economic effects. Read More..

B2B Tech News | 1 months ago        

Vietnam to Host Xi Jinping and EU Leaders Amid Rising U.S. Trade Tariffs

In the upcoming weeks, Chinese President Xi Jinping and European Union leaders will make several highprofile diplomatic visits to Vietnam. Due to thei

In the upcoming weeks, Chinese President Xi Jinping and European Union leaders will make several highprofile diplomatic visits to Vietnam. Due to their substantial trade surpluses with the United States, China, Vietnam, and the European Union have been affected by the escalating trade tariffs imposed by the United States. Xi Jinpings April 14 visit aims to strengthen infrastructure and trade relations, including talks on connecting China and northern Vietnam via railway projects. EU politicians are also anticipated to travel to enhance commercial ties with Vietnam, including EU Trade Commissioner Maros Sefcovic and Prime Minister Pedro Sanchez of Spain. This diplomatic action highlights Vietnams strategic importance in managing trade tensions worldwide. Read More..

B2B Tech News | 1 months ago        

Alphawaves HighSpeed Data Transfer Tech Attracts Qualcomms Interest

Alphawave IP Group, a UKbased semiconductor intellectual property provider specialising in highspeed data transfer technology essential for AI applica

Alphawave IP Group, a UKbased semiconductor intellectual property provider specialising in highspeed data transfer technology essential for AI applications, is being considered for acquisition by Qualcomm. In response to this possible sale, Alphawaves shares surged by more than 50%, valuing the company at over $913 million. Qualcomm has until 29 April 2025 to either abandon its interest or make a solid offer. This action aligns with Qualcomms plan to fortify its position in the semiconductor and artificial intelligence sectors. Read More..

B2B Tech News | 1 months ago        



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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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