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Spain Outpaces Eurozone, U.S. in Growth—Thanks to ProMigration Policies

Spains proimmigration position is a significant economic driver, as evidenced by its 3% GDP growth in 2024, which outpaced that of the Eurozone and th

Spains proimmigration position is a significant economic driver, as evidenced by its 3% GDP growth in 2024, which outpaced that of the Eurozone and the United States. Since almost all postpandemic population expansion has come from immigration, 13% of the workforce is now foreignborn, supporting sectors including construction, services, and agriculture. According to the Bank of Spain, stability will require 30 million workingage immigrants over 30 years. Even while illegal migration is still a problem, Spains government is encouraging legitimate routes, giving 900,000 undocumented migrants work licenses, and establishing partnerships with African countries. Spain is positioned as a model for using immigration to sustain economic growth and an ageing population, contrasting with the growing antiimmigrant sentiment in Europe. Read More..

B2B Tech News | 8 days ago        

Piyush Goyal Heads to U.S. for Emergency Talks on Trump’s Reciprocal Tariffs

In anticipation of President Donald Trumps upcoming reciprocal tariffs, which are scheduled to go into effect in early April, Indias Commerce and Indu

In anticipation of President Donald Trumps upcoming reciprocal tariffs, which are scheduled to go into effect in early April, Indias Commerce and Industry Minister Piyush Goyal has made an urgent journey to the United States to hold trade talks. Goyals visit is intended to shed light on how these tariffs would affect India and to discuss potential compromises to improve commerce between the two countries. India is unwilling to decrease agricultural tariffs to safeguard its large number of smallscale farmers. Still, it has indicated that it is open to discussing tariff reductions on industrial goods, such as chemicals and cars. Prime Minister Narendra Modi and President Trump recently agreed to work on a bilateral trade agreement by the autumn of 2025 to reach $500 billion in commerce by 2030. This visit comes after that agreement. Read More..

B2B Tech News | 8 days ago        

Honor to Invest $10 Billion in AI as It Prepares for Public Listing

As it prepares for a public listing, Chinese smartphone manufacturer Honour plans to invest $10 billion over five years to develop AI for its products

As it prepares for a public listing, Chinese smartphone manufacturer Honour plans to invest $10 billion over five years to develop AI for its products, CEO James Li said at MWC in Barcelona. By incorporating AI into PCs, tablets, and wearables, the company hopes to go beyond smartphones. Although there is no defined date, Honour recently reorganised its shareholders, indicating a potential IPO. This action aligns with the boom in AI investments in China, which is being led by businesses such as DeepSeek. Huawei and Vivo are fierce rivals of Honour, which dropped to fourth place in Chinas smartphone market with a 14.9% share. To bolster its AI and consumer electronics leadership, the Shenzhen government is aggressively assisting Honour with R&D financing, tax breaks, and support for international expansion. Read More..

B2B Tech News | 8 days ago        

Bitcoin Surges 20% After Trump Announces U.S. Crypto Reserve

After U.S. President Donald Trump announced that his executive order on digital assets would establish a strategic reserve of Bitcoin, Ether, XRP, Sol

After U.S. President Donald Trump announced that his executive order on digital assets would establish a strategic reserve of Bitcoin, Ether, XRP, Solana, and Cardano, the cryptocurrency rose more than 20% from its lows last week. This statement reversed the adverse sentiment, and Bitcoin rose from $78,273 on Friday to almost $93,057. While XRP, Solana, and Cardano saw increases of 31%, 15%, and 69%, respectively, Ether saw a 10% increase. According to analysts, this is a massive lift for cryptocurrency traders, and the rise may continue into the next White House Crypto Summit. There are still questions about whether taxpayers or confiscated assets will fund the reserve the latter is viewed as less optimistic because it wouldnt put more buying pressure on the market. Read More..

B2B Tech News | 8 days ago        

Nigeria’s Economy Grows 3.84% in Q4 2024, Fastest in Three Years

Nigerias GDP expanded by 3.84% year over year in Q4 2024, its most significant growth in three years, mainly due to a 5.37% increase in the services s

Nigerias GDP expanded by 3.84% year over year in Q4 2024, its most significant growth in three years, mainly due to a 5.37% increase in the services sector. Although it was still less than President Bola Tinubus 6% goal, this helped the GDP increase by 3.40% annually, up from 2.74% in 2023. Nigeria intends to rebase its GDP to account for the expansion of new industries, including tourism, ecommerce, and information technology. The industrial sector expanded by 2.00% and agriculture by 1.76%, while oil production stayed steady at 1.54 million barrels per day. Nigerias GDP is expected to grow by 3.2% in 2025, according to IMF projections. Read More..

B2B Tech News | 8 days ago        

Botswana Secures Landmark Diamond Sales Deal with De Beers

After seven years of discussions, Botswana and De Beers have finally reached a historic diamond sales agreement. With a possible extension to a 50/50

After seven years of discussions, Botswana and De Beers have finally reached a historic diamond sales agreement. With a possible extension to a 50/50 split, the agreement raises Botswanas percentage of Debswanas diamond sales from 30% in the first five years to 40% in the following five. De Beers obtained a 25year extension of the mining licence until 2054 in exchange. Botswanas economy depends heavily on diamonds, accounting for 80% of exports and 25% of GDP, but a decline has hampered growth in demand and prices. President Duma Bokos new administration views this agreement as a step towards economic stability. Debswanas sales fell more than 50% in 2024 despite significant discoveries, such as a 2,492carat diamond in 2023, highlighting the necessity of economic diversification. Read More..

B2B Tech News | 8 days ago        

Australia Launches $16M Trade Accelerator Fund to Boost India Ties

Australia has established a $16 million AustraliaIndia Economic and Investment Accelerator Fund to improve economic relations with India, emphasising

Australia has established a $16 million AustraliaIndia Economic and Investment Accelerator Fund to improve economic relations with India, emphasising sustainable energy, tourism, agribusiness, and education. The plan lists fifty engagement opportunities to enhance IndoPacific economic cooperation. An extra $4 million has been set up for the Maitri Grants program to strengthen business and cultural relationships. Australias commercial diversification depends on India, Prime Minister Anthony Albanese stressed. By the end of the year, the program will have reduced $2 billion in tariffs and saved businesses millions of dollars under the current free trade deal. Additionally, Australia is moving on with trade negotiations for a new agreement to increase investment opportunities and strengthen strategic and economic links in the IndoPacific. Read More..

B2B Tech News | 8 days ago        

BlackRock Reevaluates Australia Strategy Amid Weak Growth, High Valuations

Due to stretched valuations and sluggish growth, BlackRock, the largest asset manager in the world, is reevaluating its focus on Australia in favour o

Due to stretched valuations and sluggish growth, BlackRock, the largest asset manager in the world, is reevaluating its focus on Australia in favour of economies like the United States and Japan. Katie Petering, head of investment strategy for Australia and New Zealand at BlackRock, identified global volatility and unpredictability as the main justifications for portfolio diversification. The company maintains an overweight position in U.S. stocks and finds Japan appealing because of its business reforms and inflationdriven pricing power. Australias economic prognosis is deteriorating, and valuations are losing their appeal. Given the tight labour market, BlackRock backs the Reserve Bank of Australias cautious approach to rate decreases. Among the companies the company owns in Australia are Commonwealth Bank, BHP, and CSL. Read More..

B2B Tech News | 8 days ago        



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