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US Blocks Over 1,000 Solar Shipments Against Chinese Forced Labor

Since June, US ports have detained more than 1,000 shipments of solar energy components. New legislation prohibiting imports from Chinas Xinjiang regi

Since June, US ports have detained more than 1,000 shipments of solar energy components. New legislation prohibiting imports from Chinas Xinjiang region due to worries about slave labour. Policy designed to put pressure on Beijing over its Xinjiang detention facilities. An action could hinder the Biden administrations efforts to decarbonize the US power sector in order to combat global warming. According to a trade group, the inability to procure panels is the main cause of the nearly 23 gigawatts of solar projects that are delayed. The Biden administration was asked by ACP to simplify the import vetting procedure. Read More..

B2B Tech News | 2 years ago        

Yellen visits India to strengthen USIndoPacific partnerships

U.S. Treasury Secretary Janet Yellen was focused on supply chains, Russias conflict in Ukraine, and COVID19s effects as she got ready to meet with Ind

U.S. Treasury Secretary Janet Yellen was focused on supply chains, Russias conflict in Ukraine, and COVID19s effects as she got ready to meet with Indian leaders on Friday in New Delhi. According to Yellen, cooperation between friendly nations will help diversify supply chains away from China, which presently controls over 80% of the worlds solar panel output. Global supply chains have been impacted by widespread lockdowns in important financial and manufacturing hubs as a result of Chinas strict zeroCOVID policy. According to the U.S. Treasury Department, Yellen will speak about the relationship between the United States and India in creating an economic framework in the IndoPacific region to increase economic integration with trusted trading partners and mitigate geopolitical risks. Read More..

B2B Tech News | 2 years ago        

Foodpanda Parent Company Achieves Breakeven Adjusted EBITDA in Q3 2022

Delivery Hero, the company behind food delivery major Foodpanda, posted around US$2.5 billion in revenue for the third quarter of 2022, a 28% surge co

Delivery Hero, the company behind food delivery major Foodpanda, posted around US$2.5 billion in revenue for the third quarter of 2022, a 28% surge compared to the same period last year. At the same time, its gross merchandise value GMV increased 12% year on year to US$11.7 billion. In line with former guidance, the firms platform business – which includes Foodpandas operations in Asia – broke even in the reported quarter. With this, Delivery Hero aims to raise its EBITDA margin for the period in the range of 1.4% to 1.5% compared to GMV for its 2022 financial year. Read More..

B2B Tech News | 2 years ago        

Global stocks rise after lower US inflation eases interest rate fears

Tokyo and Shanghai also increased, while Hong Kongs benchmark rose 7.7%. According to an analyst, the announcement drove a more dovish calibration of

Tokyo and Shanghai also increased, while Hong Kongs benchmark rose 7.7%. According to an analyst, the announcement drove a more dovish calibration of interest rate expectations. In order to reduce inflation, which is reaching multidecade highs, the Fed and central banks in Europe and Asia are boosting interest rates. Investors are hoping that lower inflation will cause the Fed to scale down its intentions for additional rises. The Communist Party of China vowed to reduce traveller quarantines and make other antivirus strategy reforms. Read More..

B2B Tech News | 2 years ago        

Strict new conversion laws are coming to South Africa

The newly revised EE Act will go into effect in 2023 after receiving the presidents approval. The law intends to facilitate South Africas workplace tr

The newly revised EE Act will go into effect in 2023 after receiving the presidents approval. The law intends to facilitate South Africas workplace transformation and ease company operations for small and mediumsized firms SMEs. Small and mediumsized enterprises SMEs with fewer than 50 employees will no longer be considered designated employers and will therefore not be required to comply. These businesses wont be required to put policies in place to guarantee qualified individuals from specified groups have equal employment opportunities. Read More..

B2B Tech News | 2 years ago        

GoTo could cut 1,000 jobs due to the economic slowdown

According to Bloomberg, Indonesian computer powerhouse GoTo Group is planning to shed over 1,000 workers as it reduces burn during the current economi

According to Bloomberg, Indonesian computer powerhouse GoTo Group is planning to shed over 1,000 workers as it reduces burn during the current economic crisis, citing people familiar with the matter. According to the sources, the decrease will affect personnel from all functions and will effect around 10% of GoTos workforce. GoTo was founded by a merger of Gojek and Tokopedia. Read More..

B2B Tech News | 2 years ago        

The Australian Albanian hopes to ask Xi to lift trade restrictions

If the two leaders meet for the first time this month, Anthony Albanese plans to persuade Chinese President Xi Jinping to lift trade restrictions on b

If the two leaders meet for the first time this month, Anthony Albanese plans to persuade Chinese President Xi Jinping to lift trade restrictions on billions of dollars worth of exports. After years of strained relations, the Australian leader says he wants to build a relationship with China based on cooperation and the common good. Recent years have seen a deterioration in the two nations relations due to a number of disagreements, notably the COVID19 epidemic and human rights concerns. Since 2020, China has imposed restrictions on Australian exports worth billions of dollars. Read More..

B2B Tech News | 2 years ago        

Vietnams F88 secures $60m loan, plans to go public by 2024

F88, a financial services startup with headquarters in Vietnam, claimed to have obtained a US$50 million loan from Lending Ark as well as an additiona

F88, a financial services startup with headquarters in Vietnam, claimed to have obtained a US$50 million loan from Lending Ark as well as an additional US$10 million loan from Lendable. F88 stated in a statement that due to a delay in corporate bond issuances in Vietnam, the company must diversify its sources of funding. The startup currently has 800 locations nationwide, and by 2024, when it might file for an IPO, it hopes to have 1,400 locations. In order to enable customers to quickly obtain loans to finance their electronics purchases, it established a partnership with Mobile World, the largest electronics retailer in Vietnam, in 2021. 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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