Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Elon Musk’s xAI Seeks $113 Billion Valuation in $300 Million Share Sale

Employees can sell shares to investors through Elon Musks xAI, which is aiming for a $113 billion valuation in a $300 million share sale. It is antici

Employees can sell shares to investors through Elon Musks xAI, which is aiming for a $113 billion valuation in a $300 million share sale. It is anticipated that xAI would sell new equity to external investors in a larger investment round. When the AI startup bought X formerly Twitter in March, it was worth $80 billion, while X was worth $33 billion. Following his departure from advising positions in the Trump administration and return to Tesla and AI endeavours, Musk has turned his attention to xAI. The business is strengthening its position in the AI industry by negotiating to raise $20 billion in financing. Read More..

B2B Tech News | 6 months ago        

Ethiopia and IMF Reach StaffLevel Agreement on $3.4 Billion Loan Program

A stafflevel agreement on the third assessment of Ethiopias $3.4 billion loan program has been achieved with the International Monetary Fund IMF, whic

A stafflevel agreement on the third assessment of Ethiopias $3.4 billion loan program has been achieved with the International Monetary Fund IMF, which could unlock $260 million in funding. The IMF commended Ethiopias economic reforms, pointing to improved international reserves, export growth, and inflation control. With the implementation of financial stability and monetary policy modernisation measures by authorities, the shift to a flexible exchange rate system has gone smoothly. The IMF Executive Board must approve the deal, which should happen in the upcoming weeks. Ethiopia wants to boost growth led by the private sector, restore external debt sustainability, and consolidate macroeconomic achievements. Read More..

B2B Tech News | 6 months ago        

India to Raise Agriculture and Fisheries Concerns at WTO Paris Meeting

During the June 3 WTO ministerial conference in Paris, India will bring up issues related to agriculture, fisheries, and investment facilitation. Oppo

During the June 3 WTO ministerial conference in Paris, India will bring up issues related to agriculture, fisheries, and investment facilitation. Opposing the Chinabacked Investment Facilitation for Development IFD proposal, which India feels could restrict policy space for developing countries, Commerce Minister Piyush Goyal will lead the talks. Additionally, India will press for protections for smallscale fishermen and work towards a longterm solution for the public stockpiling of food goods. The WTOs appellate panel has not operated since 2019 because of U.S. resistance to new appointments India will also demand its resuscitation. Through its impact on IndiaEU free trade agreements and wider economic cooperation, the summit will influence global trade policies. Read More..

B2B Tech News | 6 months ago        

Anthropic Hits $3 Billion in Annualized Revenue Amid Enterprise AI Boom

Anthropic has tripled its profitability since December 2024, reaching $3 billion in annualised revenue, on to robust enterprise demand for AI models.

Anthropic has tripled its profitability since December 2024, reaching $3 billion in annualised revenue, on to robust enterprise demand for AI models. Google and Amazonbacked San Franciscobased business Claude AI has found quick acceptance, especially in automation and code development. Venture analysts have referred to Anthropic as one of the fastestgrowing AI companies due to its growth rate surpassing that of typical SaaS benchmarks. Like significant alliances like Notion, DuckDuckGo, and Quora, Anthropic is establishing a niche in enterprise AI solutions, while OpenAI leads the consumer AI industry. The business is now valued at $61.4 billion, solidifying its standing as a top supplier of AI. Read More..

B2B Tech News | 6 months ago        

China Rejects Trump’s Accusations of Geneva Trade Agreement Violations

China has denied allegations of violating the Geneva trade agreement made by U.S. President Donald Trump, describing the charges as "baseless" and thr

China has denied allegations of violating the Geneva trade agreement made by U.S. President Donald Trump, describing the charges as "baseless" and threatening harsh retaliation. China’s Commerce Ministry claims it has faithfully enforced the agreement, while the U.S. imposed unfair trade measures after Trump claimed Beijing had not fulfilled its pledges to lower tariffs. These include restrictions on exporting AI chips, prohibitions on the selling of software, and the cancellation of student visas. Tripledigit tariffs were temporarily suspended by the Geneva Accord, which was signed in May 2025. However, tensions increased as Trump hiked steel and aluminium tariffs to 50%. China threatened retaliatory trade measures and asked the United States to reverse its decisions. Read More..

B2B Tech News | 6 months ago        

HSBC Injects $4 Billion Into Private Credit Funds Amid Market Expansion

With a $4 billion investment into its private credit funds, HSBC hopes to increase its market share in the $2 trillion worldwide private credit indust

With a $4 billion investment into its private credit funds, HSBC hopes to increase its market share in the $2 trillion worldwide private credit industry. The money will be invested in alternative credit funds managed by HSBC Asset Management, which hopes to raise outside funding to create a $50 billion credit fund in five years. Given the fall in revenues from traditional lending, HSBCs action is consistent with a larger trend of banks expanding into private loans. CEO Georges Elhedery positioned HSBC against private equity behemoths like Ares Management and Blackstone by emphasising the move towards higherreturning investments. Direct lending in the UK and Asia will be the primary focus of the funds global deployment. Read More..

B2B Tech News | 6 months ago        

ADNOC Drilling Expands Beyond UAE With $112 Million SLB Acquisition

For $112 million, ADNOC Drilling purchased a 70% share in SLBs land drilling rig operations in Oman and Kuwait, initiating its first significant foray

For $112 million, ADNOC Drilling purchased a 70% share in SLBs land drilling rig operations in Oman and Kuwait, initiating its first significant foray outside of the United Arab Emirates. Eight working rigs—six in Oman and two in Kuwait—under contracts with domestic oil corporations are part of the agreement. In addition to an upfront payment of $91 million, ADNOC Drilling will also pay $21 million based on performance. A $1 billion revolving loan will finance the acquisition, which is anticipated to finalise in Q1 2026. Through acquisitions and tenders, ADNOC Drilling hopes to strengthen its regional drilling presence by doubling the number of its rigs in the area. Read More..

B2B Tech News | 6 months ago        

South Africa’s Central Bank Cuts Interest Rate to 7.25% Amid Growth Concerns

Citing slower economic growth and muted inflation, South Africas central bank lowered its benchmark interest rate by 25 basis points to 7.25%. Five me

Citing slower economic growth and muted inflation, South Africas central bank lowered its benchmark interest rate by 25 basis points to 7.25%. Five members of the Monetary Policy Committee MPC supported the cut, while one member pushed for a more drastic 50 basis point cut. Policymakers lowered borrowing costs in April as inflation dropped to 2.8%, below the central banks goal range of 3% to 6%. Governor Lesetja Kganyago stated that South Africas economic outlook is still impacted by uncertainty surrounding international trade, particularly U.S. tariff plans. The banks revised 2025 GDP growth prediction of 1.2% is lower than its previous projections, highlighting the necessity of monetary assistance. Read More..

B2B Tech News | 6 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   13878   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   11282   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   11616   

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.
   11431   

5.  Approximately 8 billion gadgets connect on the internet every day.
   14523   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.