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Malaysia and Indonesias Bold Step Towards Renewable Energy

Southeast Asian countries are reconsidering a 20yearold agreement to share power to combat climate change. Malaysia and Indonesia have agreed to inves

Southeast Asian countries are reconsidering a 20yearold agreement to share power to combat climate change. Malaysia and Indonesia have agreed to investigate 18 prospective locations for crossborder transmission lines, which could provide enough power to power 33 nuclear power reactors per year. This effort aims to diversify energy sources away from coal and fossil fuels. While technological and political barriers have previously stymied progress, increased awareness of the economic consequences of climate change and the affordability of renewable energy is encouraging regional cooperation. However, issues such as changing voltages and the need for significant investments persist. Chinas participation in the Belt and Road Initiative is also a concern. Read More..

B2B Tech News | 2 years ago        

Driving Separately, Excelling Together RenaultNissans Bold Move

Renault and Nissan are disbanding their joint purchasing organisation as part of a shift towards projectspecific coordination, signalling yet another

Renault and Nissan are disbanding their joint purchasing organisation as part of a shift towards projectspecific coordination, signalling yet another split inside their problematic partnership. By the end of the year, Renault intends to replace the shared purchasing organisation with distinct projectfocused teams. Following years of alliance conflicts, this move underscores Renaults desire for greater independence from Nissan. CEO Luca de Meo intends to simplify the companys structure to accommodate the automotive industrys shift to electric vehicles while increasing profitability. The new strategy empowers the projects lead firm, increasing adaptability in the face of regional automotive issues. Read More..

B2B Tech News | 2 years ago        

Chinas Property Giant Evergrande Stumbles on the verge of Liquidation

Evergrande Groups protracted financial crisis worsened when its central unit, Hengda Real Estate, failed to make a bond payment of 4 billion yuan $547

Evergrande Groups protracted financial crisis worsened when its central unit, Hengda Real Estate, failed to make a bond payment of 4 billion yuan $547 million. It adds to Evergrandes troubles as it deals with a debt restructuring attempt that regulators are scrutinising. The corporation, which had $328 billion in obligations as of June, initially defaulted on its loan in 2021, causing repercussions in Chinas real estate sector. Investors are anxious about the companys fate after its shares fell 22% on Monday and another 7% on Tuesday. If the restructuring fails, Evergrande will be forced to liquidate, creating threats to Chinas economy, which is heavily dependent on the real estate sector. Read More..

B2B Tech News | 2 years ago        

Hanan Morsy Urges Urgent Action on Africas Economic Challenges

Hanan Morsy, Deputy Executive Secretary of the United Nations Economic Commission for Africa, underlines Africas significant financial and climate iss

Hanan Morsy, Deputy Executive Secretary of the United Nations Economic Commission for Africa, underlines Africas significant financial and climate issues. The continent is grappling with debt distress and climate vulnerability, with governments spending 515% of GDP on climate consequences, stifling strategic climate action. The pandemics aftermath, the Ukraine crisis, and climate shocks have significantly impacted African economies, mandating more expenditure efficiency and a focus on highyielding investments. Morsy emphasises the importance of better credit conditions, lower finance costs, and longer maturities. She offers strategies such as domestic resource mobilisation and sustainable value chains—Morsy advocates for inclusive, concrete reforms to meet Africas difficulties. Read More..

B2B Tech News | 2 years ago        

US and Euro Zone Inflation Trends What Lies Ahead?

In both the US and the Euro Zone, core inflation, which excludes volatile industries like food and energy, is falling, indicating underlying inflation

In both the US and the Euro Zone, core inflation, which excludes volatile industries like food and energy, is falling, indicating underlying inflation trends. Lowering expenses, increasing purchasing power, and promoting economic growth in the US could be advantageous for consumers. The European Central Bank ECB faces difficulties in the Euro Zone due to lowering core inflation, necessitating a possible reevaluation of monetary policy to maintain price stability. Lower inflation can impact consumer confidence and expenditure, hindering economic growth. The central bank policies, interest rates, exchange rates, and investor mood are all impacted by shifts in inflation trends in the worlds major economies, with significant repercussions for the financial markets and global trade. Read More..

B2B Tech News | 2 years ago        

Air FranceKLM and Tata Communications Partner for EcoFriendly Skies

Tata Communications has become the first global Indian firm to join Air FranceKLM Groups corporate sustainable aviation fuel SAF programme. This colla

Tata Communications has become the first global Indian firm to join Air FranceKLM Groups corporate sustainable aviation fuel SAF programme. This collaboration intends to promote and develop the use of SAF to reduce CO2 emissions from aircraft. SAF is an essential instrument for reducing aviation emissions. Still, its supply is limited, contributing to only 0.1% of worldwide jet fuel consumption in 2022. The corporate SAF programme of Air FranceKLM works with organisations to accelerate SAF production and utilisation, with selected SAF projects decreasing CO2 emissions by at least 75% compared to traditional jet fuel. Tata Communications aims to achieve Net Zero by 2035. They are viewing SAF adoption as a critical step towards sustainable travel. SAFs future involves sustainable synthetic aviation fuels manufactured from hydrogen and carbon collected from the environment. Read More..

B2B Tech News | 2 years ago        

Send Payments Expands Banking Presence with BankVic Collaboration

Send Payments, a global money transfer company has partnered with BankVic to expand its presence in the banking industry to enable foreign currency tr

Send Payments, a global money transfer company has partnered with BankVic to expand its presence in the banking industry to enable foreign currency transactions. The relationship builds on Send Payments prior agreements to manage offshore fund transfers with Woolworth Team Bank and PEXA Group. BankVic, established to enhance the financial security of Victoria Police and their families, has over 110,000 people as members. The collaboration seeks to increase BankVics operational effectiveness and enhance the member experience. Following its recent $11.5 million Series B fundraising round, Send Transfers plans to use this relationship to negotiate further contracts with financial institutions for foreign exchange transfers. Read More..

B2B Tech News | 2 years ago        

Brazils Fintech Stability and Reforms Make It an Investment Gem

The recent admission of six countries to BRICS demonstrates the organizations expanding significance. Western countries are concerned about energy sec

The recent admission of six countries to BRICS demonstrates the organizations expanding significance. Western countries are concerned about energy security due to Chinas consolidation with resourcerich states. Portfolio strategies for investments may evolve to include exposure to various centres of the future multipolar globe. Brazil stands to benefit as it pursues geopolitical balance. The country is enacting tax reform and an economic stimulus programme, focusing on green energy and infrastructure to align with global green hydrogen markets. Despite rising interest rates, the Brazilian fintech sector, represented by businesses such as Nubank, PagSeguro Digital, and StoneCo, provides investment opportunities with significant development prospects. Read More..

B2B Tech News | 2 years ago        



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