Header-template

 Global News

Subscribe our Newsletter

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

BUSINESS NEWS

China Forgives Zimbabwes Loans, Pledges Debt Assistance Amid Economic Crisis

China has promised to help Zimbabwe resolve its financial issue and has forgiven unspecified amounts of the countrys interestfree loans. Ambassador Zh

China has promised to help Zimbabwe resolve its financial issue and has forgiven unspecified amounts of the countrys interestfree loans. Ambassador Zhou Ding underlined Chinas determination to resolve Zimbabwes debt problems, given that the nation is struggling with an astounding $17.7 billion in publicly guaranteed debt, most of which is owing to foreign parties, most notably China. Critics warn that Beijing is gaining political power while the US is losing ground in Africa due to Chinas efforts, which might prolong the debt trap. Reintroducing its currency for the third time in ten years, Zimbabwe, beset by severe drought and mounting debt, hopes to ease the financial load on its people as sufferings mount. Read More..

B2B Tech News | 3 days ago        

Macquarie Bank Fined A$10 Million for Allowing Unauthorized Fee Transactions

The Federal Court of Australia fined Macquarie Bank A$10 million $6.4 million for failing to stop third parties from making unauthorized fee transacti

The Federal Court of Australia fined Macquarie Bank A$10 million $6.4 million for failing to stop third parties from making unauthorized fee transactions on its customers accounts. Macquarie granted different authorization levels to other parties, such as financial advisors. From May 2016 to January 2020, the bank did not check if transactions were for fees, even though it offered a platform for bulk transacting. Due to this oversight, financial advisor Ross Hopkins could stealthily take around A$2.9 million from his customers accounts without being caught. The banks parent business, Macquarie Group, committed to paying the penalties and compensating the impacted clients. ASIC Chair Joe Longo emphasized that the fraudulent actions resulted from Macquaries violation of statutory responsibilities. Read More..

B2B Tech News | 3 days ago        

Infosys Shares Drop 2.9% on Disappointing Annual Revenue Outlook

Shares of Infosys fell as much as 2.9% after the firm predicted yearly revenue lower than anticipated, raising concerns about the early prospects for

Shares of Infosys fell as much as 2.9% after the firm predicted yearly revenue lower than anticipated, raising concerns about the early prospects for the industrys revival. With a fall of 8% this year, Infosys has seen the worst performance among big Indian IT corporations. As of 0919 a.m. IST, it was trading at 1,390 rupees, its lowest level since November 2023. The Nifty IT services index fell 5.7%, whereas Tata Consultancy Services increased 2.3%. Infosyss Q4 results and outlook disappointed analysts, who raised worries about reduced demand, business leakages, and stagnant sectors. Due to concerns with growth predictability, some analysts lowered their target price for Infosys, which led to downgrades in outlooks for the companys next two fiscal years. Read More..

B2B Tech News | 3 days ago        

Bitcoin Plummets Below $60,000 as Israeli Missile Strike on Iran Spurs Market Jitters

On Friday, cryptocurrencies saw sharp decreases amid predictions of an Israeli missile strike on Iran, bitcoin fell below $60,000. Bitcoin dropped mor

On Friday, cryptocurrencies saw sharp decreases amid predictions of an Israeli missile strike on Iran, bitcoin fell below $60,000. Bitcoin dropped more than 5.5% to $59,961, while Ether dropped as well, going from $3,050 to $2,895. According to reports, Israel launched the airstrike in retaliation for an Iranian drone strike. After rising on the news, safehaven assets such as Treasuries, gold, and oil eventually fell from their highs. As investors waited for further information and evaluated the possibility of reprisal, the market attitude changed to flight to safety. Just hours before its "halving" incident, Bitcoin rebounded to $62,300, down 2% for the day. Read More..

B2B Tech News | 3 days ago        

Binance Secures VASP License from Dubai Regulator VARA, Expanding Offerings

Leading cryptocurrency exchange Binance declared on Thursday that it had received a licence from VARA, the regulatory body in Dubai. Thanks to this li

Leading cryptocurrency exchange Binance declared on Thursday that it had received a licence from VARA, the regulatory body in Dubai. Thanks to this licence, the platform can serve both qualified and institutional customers as well as retail ones. The responsible entity, Binance FZE, can extend its present operations beyond spot trading and fiat services thanks to the Virtual Asset Service Provider VASP licence. This includes offering staking and margin trading solutions accessible to eligible individuals. With this action, Binance is demonstrating its dedication to growing its services and product line in cryptocurrency, which might lead to new prospects for the exchange and its consumers. Read More..

B2B Tech News | 3 days ago        

TSMC Reports Strong FirstQuarter Results, Driven by Demand for AI Chips

The largest chip manufacturer in the world, Taiwan Semiconductor Manufacturing Company TSMC, beat market estimates with firstquarter profitability and

The largest chip manufacturer in the world, Taiwan Semiconductor Manufacturing Company TSMC, beat market estimates with firstquarter profitability and sales growth. The demand for chips used in AI applications was cited as a contributing factor in TSMCs good performance, which included net sales of NT$592.64 billion $18.87 billion and net income of 225.49 billion New Taiwan dollars €6.52 billion, its first quarterly profit gain in a year. CEO C.C. Wei predicts that this trend will continue, with server AI processor revenue rising by more than 50% by 2024. TSMC is upbeat about its future despite obstacles like overordering during the pandemic and current operational hiccups, which are consistent with industry expectations that demand for AIrelated products would drive future profitability. Read More..

B2B Tech News | 3 days ago        

South Africas March Inflation Dips to 5.3%, Signals Economic Stability

South Africas annual inflation rate dropped to 5.3% in March, a sign that the nations economy is making headway in containing prices. The headline con

South Africas annual inflation rate dropped to 5.3% in March, a sign that the nations economy is making headway in containing prices. The headline consumer inflation rate in February was 5.6%, down from 5.3% in January. This decline came after that. Despite this encouraging outcome, the South African central bank aims to control inflation between 3% and 6% and is unlikely to declare interest rate reductions anytime soon. Instead, it will likely keep its primary interest rate at 8.25% for a few months. South Africas growth projection for 2024 was recently decreased by the International Monetary Fund IMF to 0.9%, citing continued economic concerns made worse by the epidemic, including power outages, infrastructural problems, and high unemployment. Read More..

B2B Tech News | 3 days ago        

Alaska Air Group Expects Stronger Earnings, Business Travel Demand Surges

Surpassing market estimates, Alaska Air Group expects better profitability for the current quarter, driven by a rebound in business travel demand. Alt

Surpassing market estimates, Alaska Air Group expects better profitability for the current quarter, driven by a rebound in business travel demand. Although the grounding of its 737 MAX 9 aircraft caused a setback, Alaska had a lower loss for the first quarter. Shane Tackett, chief financial officer, emphasised the surprisingly positive trend in corporate travel expenditures, indicating a more solid forecast for the coming year. The airline raised its previous projection of $3 to $5 a share to $3.25 to $5.25 for fullyear earnings. Still, worries about rising gasoline prices persist, which has led to a review of the hedging programme. Alaska is hopeful despite obstacles, projecting secondquarter earnings that will be above analyst projections. Read More..

B2B Tech News | 3 days 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.
   1864   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   1745   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   2052   

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.
   2217   

5.  Approximately 8 billion gadgets connect on the internet every day.
   3224   



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.

12 votes, Poll active
Footer-template

We take pleasure in providing the most up-to-date business and technology news, tailored for a seamless experience with content that takes less than one minute to read.

Quick Links

Follow Us


Contact Us

  7 Bell Yard, London, WC2A 2JR.

  info@b2btechnews.com

  +1 (559) (869) (8939)

Copyright © 2023 All Rights Reserved. made with by Webleads.

 Privacy Policy | Unsubscribe |  California: Do Not Sell My Personal Information |  CASL-Policy  |  Preferences