Header-template

 Global News

Subscribe our Newsletter

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

BUSINESS NEWS

Democratic Republic of Congo Files Criminal Complaints Against Apple Over Conflict Minerals

Apple and its French and Belgian subsidiaries are facing criminal charges from the Democratic Republic of the Congo for allegedly utilising conflict m

Apple and its French and Belgian subsidiaries are facing criminal charges from the Democratic Republic of the Congo for allegedly utilising conflict minerals in their supply chain. According to the Congolese government, Apple indirectly benefits from minerals that come from artisanal mining run by armed groups that commit grave violations of human rights. Congolese attorneys contend that Apple is involved in the regions continued bloodshed and exploitation because the company uses minerals that are laundered through global supply chains, despite Apples claims that it investigates suppliers and has not discovered any ties to armed groups. Charges of concealing war crimes and engaging in dishonest business operations are included in the complaints. Both nations judicial systems will now decide whether to investigate these allegations more thoroughly. Read More..

B2B Tech News | 3 months ago        

Bharti Global Acquires 24.5% Stake in BT Group After National Security Review Approval

After a comprehensive national security examination, the British government authorised Bharti Globals £3.2 billion acquisition of a 24.5% interest in

After a comprehensive national security examination, the British government authorised Bharti Globals £3.2 billion acquisition of a 24.5% interest in BT Group on Monday. The shares were bought from Altice, which Patrick Drahi, an investor, once owned. Given its substantial involvement in government telecommunications and cybersecurity, BT will establish a national security committee to supervise strategic operations impacting the security of the United Kingdom to address national security concerns. The government highlighted this action to reduce the risks related to BTs obligations to assist with state projects. The Indian giant Bharti Enterprises investment division, Bharti Global, declared that it had no intention of acquiring BT. Read More..

B2B Tech News | 3 months ago        

Databricks Nears Record $9.5 Billion Venture Capital Funding Round, Eyeing $60 Billion Valuation

A huge venture capital funding round that could surpass $9.5 billion and rank among the largest in history is reportedly on the verge of being secured

A huge venture capital funding round that could surpass $9.5 billion and rank among the largest in history is reportedly on the verge of being secured by software company Databricks. The data analyticsfocused San Franciscobased company is approaching a valuation of over $60 billion, and its share price of $92.50 is considered attractive considering its anticipated $3.8 billion in revenue for the upcoming fiscal year. Thrive Capital and returning investors Andreessen Horowitz and Insight Partners are expected to lead the nearly twiceoversubscribed financing round. Databricks is investigating $4.5 billion in debt financing in addition to its equity raise, indicating robust investor interest in the rapidly expanding AI industry. Read More..

B2B Tech News | 3 months ago        

Berkshire Hills Bancorp and Brookline Bancorp in Merger Talks, Potential Announcement Soon

According to the Wall Street Journal, merger negotiations are underway between Bostonbased banks Berkshire Hills Bancorp BHLB.N and Brookline Bancorp

According to the Wall Street Journal, merger negotiations are underway between Bostonbased banks Berkshire Hills Bancorp BHLB.N and Brookline Bancorp BRKL.O. An announcement might be made as early as next week regarding the proposed deal, combining the two banks with assets of about $12 billion. According to LSEG data, Berkshire Hills Bancorp is worth $1.3 billion, while Brookline Bancorp has a market capitalisation of $1.12 billion. As of right now, neither bank has responded to the merger talks. As banks look to increase their market presence and competitiveness, this consolidation reflects prevailing trends in the industry. Read More..

B2B Tech News | 3 months ago        

Switzerland Revokes India’s MFN Status, Imposing New Tax Implications for Businesses

Following an adverse decision by the Indian Supreme Court over Nestle, Switzerland revoked Indias Most Favoured Nation MFN status, which will have mor

Following an adverse decision by the Indian Supreme Court over Nestle, Switzerland revoked Indias Most Favoured Nation MFN status, which will have more tax ramifications for Indian companies doing business in Switzerland. As a result of this ruling, the MFN provision in the two nations double taxation avoidance agreement DTAA will no longer be in effect. As of January 2025, a 10% dividend withholding tax will be imposed. It is anticipated that Indian banking, technology, and industry businesses will be significantly impacted. Given Indias trade agreements with European Free Trade Association EFTA member nations, the Ministry of External Affairs of India stated that a revision of the DTAA may be required in light of this change. Read More..

B2B Tech News | 3 months ago        

Bitcoin Soars to Record High Above $106,000 Amid Trump’s U.S. Bitcoin Reserve Plans

After Presidentelect Donald Trump announced plans to establish a U.S. bitcoin strategic reserve similar to the strategic oil reserve, Bitcoin surged b

After Presidentelect Donald Trump announced plans to establish a U.S. bitcoin strategic reserve similar to the strategic oil reserve, Bitcoin surged beyond $106,000 on Monday, igniting investor excitement. Ether increased 1.5% to $3,965, while Bitcoin jumped 3.2% to $106,533 before levelling off at $104,462. The accession of MicroStrategy to the Nasdaq 100 index, which is anticipated to draw more investment, further improved investor optimism. To put the United States at the forefront of the cryptocurrency scene, Trumps remarks implied a more welcoming regulatory climate for cryptocurrencies. The market responded favourably to the scepticism of individuals such as Federal Reserve Chair Jerome Powell, who likened bitcoin to gold and rose 192% for the year. Read More..

B2B Tech News | 3 months ago        

Reliance Industries Acquires 74% Stake in Navi Mumbai IIA for ₹16.28 Billion

At 16.28 billion rupees, Reliance Industries purchased a 74% share in the industrial area developer Navi Mumbai IIA. When the Maharashtra state govern

At 16.28 billion rupees, Reliance Industries purchased a 74% share in the industrial area developer Navi Mumbai IIA. When the Maharashtra state government authorised its conversion into an integrated industrial region in 2018, it was renamed the Navi Mumbai Special Economic Zone. This agreement coincides with growing demand in India for industrial parks and warehouse space as businesses look to diversify their supply chains away from China. The acquisition strengthens Reliances current warehouse and logistics activities, broadening its varied portfolio to encompass retail, telecom, and energy. The Maharashtra City and Industrial Development Corporation would hold the companys remaining 26 per cent. Navi Mumbai IIA recorded a 6% increase in turnover, amounting to 348.9 million rupees, during the fiscal year that concluded in March 2024. Read More..

B2B Tech News | 3 months ago        

India and EU Push for Balanced Free Trade Agreement Amid Ongoing Negotiations

The EU and India are working towards a fair and advantageous free trade agreement FTA, focusing on the necessity of political guidance to reach a deal

The EU and India are working towards a fair and advantageous free trade agreement FTA, focusing on the necessity of political guidance to reach a deal that has commercial significance. According to talks between EU ambassadors and Commerce Minister Piyush Goyal, India is a leader in exporting services, while the EU is competitive in manufacturing. All parties acknowledged the significance of attending to sensitivities and guaranteeing a fair approach in the FTA. The discussion also brought up the necessity for sustainability measures to consider various developmental trajectories. Within the Trade and Technology Council framework, the EU and India are special partners. Read More..

B2B Tech News | 3 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.
   4657   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   3185   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   3497   

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.
   3699   

5.  Approximately 8 billion gadgets connect on the internet every day.
   4713   



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.