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QBE renames P&I business in Asia to British Marine

QBE Asia has stated that its P&I activities in Singapore would be known as British Marine as of January 1. The move restores the British Marine brand

QBE Asia has stated that its P&I activities in Singapore would be known as British Marine as of January 1. The move restores the British Marine brand in Singapore after QBE purchased it in 2005. British Marine, which was founded in 1876, is one of the leading fixed P&I insurance carriers, specialising in marine insurance for owners of small, mediumsized, and specialty vessels. QBE Asias P&I office in Singapore was formed in 2013 to provide coverage similar to that provided by British Marine. Read More..

B2B Tech News | 3 years ago        

GM is recalling 140,000 Chevrolet Bolt electric vehicles due to fire risks in North America

The carpet in 140,000 Chevrolet Bolt EVs in North America may catch fire after a collision in which the front seat belt pretensioner engages, accordin

The carpet in 140,000 Chevrolet Bolt EVs in North America may catch fire after a collision in which the front seat belt pretensioner engages, according to a statement released by General Motors Co. on Tuesday. According to Reuters, the US automaker said the recall affects a variety of Chevrolet Bolt EV vehicles from the 2017 through 2023 model years due to the possibility of fires starting in the unlikely event that front seatbelt pretensioner exhaust gases come into contact with floor carpet fibres after a crash. The business discovered three complaints of fires that may have been brought on by the issue. The recall affects about 120,000 US automobiles and 20,000 Canadian vehicles. Dealers will put metal foil along the carpet close to the pretensioner exhaust, according to AP. Read More..

B2B Tech News | 3 years ago        

Scala Data Centers issues R$2 billion green bonds

The issuance of green debentures of R$ 2 billion with a fiveyear maturity has been announced by Scala Data Centers. The deal is the biggest ever made

The issuance of green debentures of R$ 2 billion with a fiveyear maturity has been announced by Scala Data Centers. The deal is the biggest ever made in Brazil and the original of its type in the data centre industry. The offerings proceeds will be used to fund Scalas expansion strategy, which is already under way and entirely driven by environmentally friendly measures. Instead of sustainability linked bonds, Scala, a Brazilian cloud computing business, raised more than R$ 4.5 billion through green debentures SLBs. The business already offsets its carbon footprints and runs on 100% certified renewable energy. A leader in unbiased ESG and corporate governance research, Sustainalytics, provided Scala with a SecondParty Opinion SPO study. Read More..

B2B Tech News | 3 years ago        

Amazon makes major business changes to EU processing

Amazon will alter its business procedures to put a stop to European competition investigations. Customers will have additional product alternatives, a

Amazon will alter its business procedures to put a stop to European competition investigations. Customers will have additional product alternatives, and Prime members will have more delivery options. Amazon accepted legallybinding pledges to end two antitrust investigations by the EUs executive Commission. The sevenyear agreement is only applicable to Amazons business practises in Europe. The action might set a precedent for American antitrust regulators. Additionally, Amazon is making it easier for couriers and retailers to use its Prime membership service. It will stop excluding Prime sellers who dont use its own delivery and logistics services. Read More..

B2B Tech News | 3 years ago        

Secretary of State Raimondo joins President Biden in announcing $15 billion in U.S.Africa trade commitments

Gina Raimondo, the secretary of commerce, addressed at the U.S.Africa Business Forum in 2022. She reaffirmed President Bidens dedication to strengthen

Gina Raimondo, the secretary of commerce, addressed at the U.S.Africa Business Forum in 2022. She reaffirmed President Bidens dedication to strengthening commercial partnerships. The Secretary was there when the President unveiled new agreements worth $15 billion and the start of the Digital Transformation with Africa project. Secretary Raimondo travelled to Algeria, Senegal, Côte dIvoire, and Tanzania. She talked on ways to foster an atmosphere that encourages increasing commerce and investment. Don Graves, the deputy secretary of commerce, assisted in directing the U.S. Africa Space Forum. Additionally, he met privately with African leaders from Zambia and the Democratic Republic of the Congo DRC. Read More..

B2B Tech News | 3 years ago        

The Sovereign Wealth Fund Institute expands its management team

The worlds most wellknown and reputable authority on institutional investors and global capital, the Sovereign Wealth Fund Institute, today announced

The worlds most wellknown and reputable authority on institutional investors and global capital, the Sovereign Wealth Fund Institute, today announced the addition of three seasoned business veterans to its leadership team. To lead SWFIs growth and expansion, Michael Maduell, president and CEO, and Lakshmi Narayanan, chairman of the board, will collaborate with Kim S. Diamond, Edward LonghurstPierce, and Kong Posh Bhat. Kim S. Diamond, a new SWFI Board member, has more than 30 years of expertise in the structured finance and debt capital markets sectors. Kong Posh Bhat will seek to develop SWFIs research, data, and subscription platform in his role as CEO of SWFI Data Labs. Read More..

B2B Tech News | 3 years ago        

Creditors approve $57 million Ellume acquisition deal

Ellume, a Brisbanebased company famed for its quick COVID19 test, has reached an agreement with its creditors on a US$38 million $57 million arrangeme

Ellume, a Brisbanebased company famed for its quick COVID19 test, has reached an agreement with its creditors on a US$38 million $57 million arrangement that would transfer ownership of the company to rival Hough Consolidated. Hough will introduce the nations first line of selftest rapid diagnostics in March 2023. Drawing on its expertise with COVID19 rapid tests, Hough will establish a new product category. created by Dr. Sean Parsons, who over the course of a decade developed fluorescent immunoassay technology that can produce findings for a variety of diseases in under 15 minutes after witnessing firsthand the issues with sluggish diagnoses during the 2009 swine flu epidemic. Read More..

B2B Tech News | 3 years ago        

Zimbabwe offers incentives for $1 billion solar project

An industrial supply chain software firm called Algorhythm Tech will soon be 100% owned by Indian logistics giant Delhivery. The sale sum was not mad

An industrial supply chain software firm called Algorhythm Tech will soon be 100% owned by Indian logistics giant Delhivery. The sale sum was not made public, but according to Mint, Delhivery paid 149 million rupees US$1.8 million in cash for Algorhythm, which uses AIpowered software to offer clients endtoend supply chain planning and execution. According to a release, after the acquisition, which is anticipated to be completed before the end of January 2023, Algorhythm will function as a fully owned subsidiary of Delhivery. According to a TechCrunch story, Delhivery went public in May and its share price reached an alltime low in November. In the most recent quarter, the company reported a 19% growth in revenue, bringing it to US$217 million. Read More..

B2B Tech News | 3 years ago        



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