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August Inflation Surge Making US See Years Biggest Spike at 3.7%

Due to increasing energy prices and other factors, August had the most significant monthly inflation increase of the year in the United States. The Co

Due to increasing energy prices and other factors, August had the most significant monthly inflation increase of the year in the United States. The Consumer Price Index CPI, which tracks changes in the prices of many different goods and services, increased 0.6% for the month and 3.7% annually, slightly above forecasts from economists. The core CPI climbed by 0.3% and 4.3%, excluding volatile food and energy costs. The Federal Reserve focuses on core inflation to gain longterm insights. An important factor was the 5.6% monthly increase in energy expenditures. While used car prices fell, housing costs also increased. Actual hourly earnings fell by 0.5% in August due to these inflationary trends. To combat the inflation problem, the Federal Reserve is keeping an eye on these developments. Read More..

B2B Tech News | 2 years ago        

U.S. and European Firms Shift Investments Away from China to India and Beyond

U.S. and European companies are increasingly redirecting their investments from China to other emerging markets, with India being the primary recipien

U.S. and European companies are increasingly redirecting their investments from China to other emerging markets, with India being the primary recipient, followed by Mexico, Vietnam, and Malaysia. This trend reflects growing concerns about Chinas business environment, economic recovery, and politics among foreign investors. The report notes that greenfield investment in India surged by 400% between 2021 and 2022, reaching $65 billion, while investment in China dropped to under $20 billion in 2022, down from its peak of $120 billion in 2018. Diversification efforts are underway to reduce dependence on China, but it will take time due to Chinas central role in global supply chains. Read More..

B2B Tech News | 2 years ago        

Arm, Instacart, Klaviyo Goldman Sachs HighStakes IPO Advisory Role

After a slow year for American IPOs, massive tech IPOs are returning, putting Goldman Sachs in a crucial position. Instacart, Klaviyo, and chip design

After a slow year for American IPOs, massive tech IPOs are returning, putting Goldman Sachs in a crucial position. Instacart, Klaviyo, and chip designer Arm are all preparing to go public, with Goldman serving as a critical advisor for each. Successful IPOs would increase the market and Goldmans confidence, which has experienced a revenue downturn and internal issues. For Instacart and Klaviyo, Goldman is the principal advisor, and other banks split the role for Arm. If the IPOs go poorly, the banks place at the top of Wall Streets league tables could be in jeopardy. Furthermore, individuals have raised concerns about Arms governance and valuation. Read More..

B2B Tech News | 2 years ago        

More than €116 million will be invested by the EU in LIFE Strategic Projects.

The Commission disclosed an investment of more than €116 million for the Strategic Projects of the new LIFE Programme. Eight significant initiatives

The Commission disclosed an investment of more than €116 million for the Strategic Projects of the new LIFE Programme. Eight significant initiatives in Belgium, Estonia, Spain, Italy, Poland, Slovakia, and Finland will benefit from the money in order to achieve their environmental and climate goals. The initiatives will support the successful implementation of the European Green Deal and assist Europe in becoming the first climateneutral continent by 2050. The PlastLIFE team will assist Finland in putting the Plastic Roadmap into action. Partners in the LIFE Climax PO initiative in Italy will test climatesmart water management at the scale of river basins and enhance water resource management governance. Read More..

B2B Tech News | 2 years ago        

Reinvesting in its portfolio companies in Latin America will help SoftBank raise money for M&A.

Up from 10% in recent years, SoftBank Group Corp. intends to concentrate its investments in Latin America on firms that currently belong to its portfo

Up from 10% in recent years, SoftBank Group Corp. intends to concentrate its investments in Latin America on firms that currently belong to its portfolio. The reinvestments, according to SoftBanks CEO of Brazil Alex Szapiro, would assist pay for mergers and acquisitions and alleviate urgent cash requirements. With a present fair value of $6.4 billion, the business has invested $7.6 billion on the area. Szapiro joined SoftBank in 2021 after founding many internet startups in the late 1990s. Read More..

B2B Tech News | 2 years ago        

Antarctica exploration is made possible by Athonet and SpaceX.

Athonet, a pioneer in private cellular network technology, and SpaceX announced today the establishment of a private cellular network for critical voi

Athonet, a pioneer in private cellular network technology, and SpaceX announced today the establishment of a private cellular network for critical voice and data communications at Union Glacier, Antarctica. The Athonet kit was extremely quick and simple to install and deploy at the base camp, and the team had a cellular network umbrella covering a 45km area providing services to the teams and guests within a few hours. The network provides coverage for the service teams pushtotalk, emergency messaging, VoIP, and other daily activities around camp, as well as internet access to visitors such as tourists and research teams. The team required a network that could withstand the harsh conditions at the South Pole, which included negative temperatures averaging 30°C and high winds. Read More..

B2B Tech News | 2 years ago        

Chubb strengthens leadership while naming a new climate business.

Chubb Climate+ is the name of the companys new global climate business. The hiring of three executives to the business units leadership team has also

Chubb Climate+ is the name of the companys new global climate business. The hiring of three executives to the business units leadership team has also been announced by the company. To promote the transition to a lowcarbon economy, Chubb Climate+ will offer insurance products and services to companies who are engaged in creating or utilising new technologies and procedures. Additionally, it will offer risk management and resilience support to individuals in charge of mitigating the effects of climate change. The business units value proposition, which focuses on facilitating progress against climate change globally, within industries, and in local communities, is reflected in the new name and visual design. The plus in Climate+ refers to making a difference and enhancing the value for customers. Read More..

B2B Tech News | 2 years ago        

Despite a decline in profits, the mining behemoth BHP claims that growth in China and India will boost demand.

Despite reporting a steep drop in halfyear profits, Australian mining giant BHP Billiton is optimistic that China and Indias growth will boost commodi

Despite reporting a steep drop in halfyear profits, Australian mining giant BHP Billiton is optimistic that China and Indias growth will boost commodity demand. According to CEO Mike Henry on CNBCs Street Signs Asia, Chinese and Indian growth will provide a counterbalance and support overall growth over the next six to twelve months. BHP also sees investment and growth opportunities with South American and African partners, and is developing a portfolio of growth options, particularly in undeveloped mining deposits. BHP shares in Australia fell 0.33% on Tuesday. Read More..

B2B Tech News | 2 years ago        



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