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Aviva Expands Presence with £460 Million Acquisition of AIG Life UK

Aviva plc has made a significant move by acquiring AIG Life Limited AIG Life UK from Corebridge Financial, Inc., a subsidiary of American Internationa

Aviva plc has made a significant move by acquiring AIG Life Limited AIG Life UK from Corebridge Financial, Inc., a subsidiary of American International Group, Inc. The deal is valued at £460 million and underscores Avivas growing presence in the protection market, known for its exceptional organic growth and awardwinning business practices. Avivas protection offerings prioritize topnotch customer experiences and consistent enhancements for both customers and intermediaries. This acquisition positions existing AIG Life UK clients to benefit from Avivas financial strength and expertise. AIG Life UK caters to 1.3 million individual protection customers and 1.4 million group protection members, offering a comprehensive range of protection products. Read More..

B2B Tech News | 2 years ago        

Transtech Consulting Earns Global Recognition for Excellence in Tech Education

Nigerianowned Transtech Consulting in the U.S. has won the 2023 Global Business Award for Most Impactful Technology Teaching Institute. The recognitio

Nigerianowned Transtech Consulting in the U.S. has won the 2023 Global Business Award for Most Impactful Technology Teaching Institute. The recognition highlights their commitment to offering topnotch tech education, empowering people for success in todays fastchanging tech world. The award honors those whove shown outstanding achievements and made significant contributions in their fields. The firm is redefining perceptions of Nigerians in the USA, dispelling long standing stereotypes. The objective of the organisation has always been to provide individuals with the skills and experience required to prosper in the technology sector. This honour reinforces their dedication to excellence. Read More..

B2B Tech News | 2 years ago        

Mirae Assets global expansion spurs impressive growth in KFinance

Mirae Assets global expansion aligns with South Koreas push for KFinance competitiveness. Mirae Asset Global Investments has surged, with a remarkable

Mirae Assets global expansion aligns with South Koreas push for KFinance competitiveness. Mirae Asset Global Investments has surged, with a remarkable 18% AUM increase to 293 trillion South Korean Won $219 billion by August. Notably, 121 trillion South Korean Won is managed in 14 foreign countries, the largest among Korean asset managers. The firm reached a historic milestone with three trillion in equity capital and posted a firsthalf net profit of 190.3 billion South Korean Won, a unique achievement locally. This growth is fueled by the success of their 540+ global ETFs, which hold 130 trillion won in total net assets, exceeding the entire domestic ETF market. Read More..

B2B Tech News | 2 years ago        

Oracle Invests $504.1 Million in Ampere to Boost Cloud and Rival Amazon, Google

Oracle has prepaid $104.1 million for Ampere Computings processor chips and invested $400 million in Ampere via a convertible note in its 2023 fiscal

Oracle has prepaid $104.1 million for Ampere Computings processor chips and invested $400 million in Ampere via a convertible note in its 2023 fiscal year. Ampere makes custom Armbased server chips, competing with Intel and AMD. Oracle aims to boost its cloud services against rivals like Amazon which also makes its server chips and Google with its AI processors. Oracle has invested heavily in Ampere over the years to strengthen its cloud offerings. The leading database company reported that it expended approximately $419,000 on development and testing hardware from Ampere during the fiscal year 2019 as one of its investments through the years. Read More..

B2B Tech News | 2 years ago        

South Korean Corporations struggle lag behind US counterparts amid chip slump

South Korean corporations, including Samsung, had a challenging first half of 2023 compared to their US counterparts due to sluggish chip and energy s

South Korean corporations, including Samsung, had a challenging first half of 2023 compared to their US counterparts due to sluggish chip and energy sectors in a global economic slowdown. Samsungs sales, operating profit, and net profit dropped by 21.5%, 95.4%, and 86.9% yearonyear. In contrast, Apple, a US counterpart, had smaller declines of 4.2%, 10%, and 9.2%. US companies collectively grew their topline figures by 2.4% yearonyear, reaching $3.87 trillion. This weaker performance for South Korean companies was attributed to the global business slowdown caused by highinterest rates and rising consumer prices, impacting them more than their US counterparts in earnings. Read More..

B2B Tech News | 2 years ago        

Chinese Media Criticizes Wests Silence on IndiaCanada Dispute

The Chinese media criticized the West for its silence on the diplomatic dispute between India and Canada, pointing out what they see as a hypocritical

The Chinese media criticized the West for its silence on the diplomatic dispute between India and Canada, pointing out what they see as a hypocritical response. They contend that a moral imbalance was exposed when the West chose not to criticise Canada because of their geopolitical interests. According to experts, Western allies primarily serve American strategic objectives, which has caused a significant divide inside the alliance. The paper contends that the Western response would differ if the circumstance concerned a hostile country. The West allegedly ignores Indias human rights problems because of its geopolitical significance. The conflict has generally resulted in tensions and diplomatic expulsions between India and Canada. Read More..

B2B Tech News | 2 years ago        

Chinas State Asset Manager Targets $13.7B Fund for Emerging Industries

For a fund intended to invest in emerging industries, China Reform Holdings Corp, a state asset manager, plans to raise at least 100 billion yuan $13.

For a fund intended to invest in emerging industries, China Reform Holdings Corp, a state asset manager, plans to raise at least 100 billion yuan $13.70 billion. Over 20 central governmentowned companies, local governments, and private investors have expressed interest in the fund. They might commence operations by the end of the year. As part of broader SOE reforms, Chinas stateowned companies SOEs aim to expand investments in emerging industries like AI, new energy, new materials, and biotech. At the end of 2022, China Reform Holdings, founded in 2021, managed assets worth nearly 860 billion yuan. Read More..

B2B Tech News | 2 years ago        

Michael Bloombergs Succession Plan Revealed for Bloomberg LP

Cofounder of Bloomberg LP, Michael Bloomberg, has revealed a plan for the businesss future, according to which Bloomberg Philanthropies would take ove

Cofounder of Bloomberg LP, Michael Bloomberg, has revealed a plan for the businesss future, according to which Bloomberg Philanthropies would take over and eventually sell the financial information and news organisation. At The New York Times Climate Summit, Bloomberg made this declaration. He stipulates that his foundation will eventually acquire the business even though he donates most of the companys income. The wellknown environmentalist and philanthropist Bloomberg previously showed interest in owning a significant newspaper. Still, they denied plans to buy Dow Jones or the Washington Post. Since the establishment of Bloomberg LP in 1981, Bloomberg has been a vocal proponent of lowering coal consumption and gasfired capacity in the United States. 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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