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Metaverse could pump $1.4 trillion annually into Asian GDP

Metas massive bet on the metaverse may have put the company in jeopardy, but a recent Deloitte analysis says that virtual realities could have a tran

Metas massive bet on the metaverse may have put the company in jeopardy, but a recent Deloitte analysis says that virtual realities could have a transformational influence on Asian economies. According to the consulting firm, the metaverses contribution to Asias GDP could be between $800 billion and $1.4 trillion per year by 2035. The metaverse is no longer science fiction. Millions are already using early metaverse systems, it added. Read More..

B2B Tech News | 2 years ago        

SoftBank cancels $100 million investment in bankrupt crypto exchange FTX

SoftBank, a Japanese investment firm, is said to have written off around $100 million it put in the nowbankrupt FTX as part of its Vision Fund 2. Soft

SoftBank, a Japanese investment firm, is said to have written off around $100 million it put in the nowbankrupt FTX as part of its Vision Fund 2. SoftBank has reduced its shareholding to zero, claiming that it would not experience a meaningful markdown in the value of its stake. SoftBank invested in FTX after it raised $400 million in January, valuing it at $32 billion. Read More..

B2B Tech News | 2 years ago        

Tredegar Board of Directors Announces Quarterly Dividend

Tredegar Corporations NYSETG board of directors declared a quarterly dividend of thirteen cents $0.13 per share on the companys common stock. The divi

Tredegar Corporations NYSETG board of directors declared a quarterly dividend of thirteen cents $0.13 per share on the companys common stock. The dividend will be paid on January 1, 2023 to shareholders of record as of December 16, 2022. Tredegar Corporation is an industrial manufacturer that specialises in three areas custom aluminium extrusions for the North American building and construction, automotive, and specialty enduse markets surface protection films for hightechnology applications in the global electronics industry and specialised polyester films primarily for the Latin American flexible packaging market. Tredegar had $826 million in sales from continuing operations in 2021. The Company employs around 2,300 people and has manufacturing locations in North America, South America, and Asia. Read More..

B2B Tech News | 2 years ago        

Timothy Bonin switches to UMB Fund Services from BMO.

Timothy Bonin has left BMO Global Asset Management to join UMB Fund Services as director of fund operations. For more than 16 years, Bonin was the vic

Timothy Bonin has left BMO Global Asset Management to join UMB Fund Services as director of fund operations. For more than 16 years, Bonin was the vice president, chief financial officer, and treasurer of BMO Funds, based in Wisconsi. Bonin has over 25 years of experience in financial services, including investment advisory, openend mutual funds, closedend mutual funds, exchangetraded funds, and hedge funds. From 1993 through 2006, Bonin was also a senior financial services manager at PwC. Read More..

B2B Tech News | 2 years ago        

Innophos Launches New Website for AsiaPacific Food and Beverage Market

Innophos, a global pioneer in phosphate solutions for the food and beverage industries, recently established an Asia Pacificfocused website. The redes

Innophos, a global pioneer in phosphate solutions for the food and beverage industries, recently established an Asia Pacificfocused website. The redesigned website includes duallanguage capabilities to reach customers who speak both Chinese and English. Eight years ago, Innophos Asia Pacific established a manufacturing facility in Taicang City, Jiangsu, China. The company provides a comprehensive selection of food and beverage phosphates, nonphosphate mixes, and allergenfree products. Read More..

B2B Tech News | 2 years ago        

Most companies arent ready for CFTC Rewrite, says S&P Global Market Intelligence survey

According to a poll by S&P Global Market Intelligence, there is a significant difference between the regulatory readiness in the US and Europe. There

According to a poll by S&P Global Market Intelligence, there is a significant difference between the regulatory readiness in the US and Europe. There are differences between the two regions in terms of how prepared they are for impending legislation. More than half of respondents with EMIR Refit requirements are not ready, but 38% are confident they will be or have made significant progress on the program. Business executives and regulators have been urged by the finance minister to give their regulatory reporting requirements some thought and planning. Read More..

B2B Tech News | 2 years ago        

Engineering software firm ClearCalcs raises $2.5 million to build global operations

Software business ClearCalcs, based in Melbourne, has raised $2.5 million in a funding round that was coled by its current investors EVP and Shearwate

Software business ClearCalcs, based in Melbourne, has raised $2.5 million in a funding round that was coled by its current investors EVP and Shearwater Capital. The most recent funding will go toward increasing the 23person teams size as well as improving the softwares services and resources. Between 2020 and 2030, the global construction market will expand by USD$4.5 trillion AUD$6.6 trillion. Over the tenyear period to 2030, construction output is anticipated to grow by an average of 3.6% year, outpacing both the manufacturing and services industries. Read More..

B2B Tech News | 2 years ago        

Egypts Suez Canal Economic Zone signs $500 million container handling terminal contract

At Port Said East Port, SCCT now manages a terminal with a 4 million TEU capacity. The new terminal will have a 955meterlong quay, a handling yard tha

At Port Said East Port, SCCT now manages a terminal with a 4 million TEU capacity. The new terminal will have a 955meterlong quay, a handling yard that is 510,000 square metres, and a 2 million TEU capacity. A joint venture between APM Terminals, COSCO, SCZONE, the Egyptian private sector, and the National Bank of Egypt, SCCT debuted in 2004 with a 49year concession. Read More..

B2B Tech News | 2 years ago        



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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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