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U.S. and China Hold First HighLevel Call Since Geneva Trade Talks

Negotiations have advanced as the United States and China held their first highlevel call since the Geneva trade talks. U.S. Deputy Secretary of State

Negotiations have advanced as the United States and China held their first highlevel call since the Geneva trade talks. U.S. Deputy Secretary of State Christopher Landau and Chinese Vice Foreign Minister Ma Zhaoxu reaffirmed their commitment to open communication while discussing important trade concerns. Analysts saw the call as a step in the right direction after the interim tariff reductions agreed upon in Geneva, even if tariffs were not specifically mentioned. The conversation takes place as China seeks market access and the United States worries about the export of fentanyl. The call also comes after Beijing stressed economic cooperation during a meeting with Jamie Dimon, CEO of JPMorgan, and Chinas Vice Premier He Lifeng. Read More..

B2B Tech News | 5 months ago        

India and Maldives to Review Economic and Maritime Security Partnership

The Comprehensive Economic and Maritime Security Partnership between India and the Maldives will be reviewed on May 26, 2025. At the second meeting of

The Comprehensive Economic and Maritime Security Partnership between India and the Maldives will be reviewed on May 26, 2025. At the second meeting of the HighLevel Core Group HLCG, Maldivian Foreign Minister Abdulla Khaleel will lead talks with External Affairs Minister S. Jaishankar to evaluate the status of the vision document that Prime Minister Narendra Modi and President Mohamed Muizzu adopted in October 2024. In keeping with Indias Neighbourhood First strategy, the relationship focuses on infrastructure, trade, and maritime security. Both countries want to promote regional security and economic cooperation, and their relations have improved after previous diplomatic conflicts. Read More..

B2B Tech News | 5 months ago        

Foxconn Eyes $3 Billion Acquisition of SingaporeBased UTAC Holdings

Potential bidders for Singaporebased UTAC Holdings, a semiconductor assembly and testing company, including Taiwans Foxconn in a $3 billion deal. The

Potential bidders for Singaporebased UTAC Holdings, a semiconductor assembly and testing company, including Taiwans Foxconn in a $3 billion deal. The sale will be managed by Jefferies for UTAC, which is controlled by Wise Road Capital. Nonbinding bids are due by the end of the month. With manufacturing sites in Thailand, China, and Indonesia, the company offers chip assembly services for consumer, computer, security, and medical applications. UTAC is anticipated to draw nonU.S. buyers because of its China presence, and the auction coincides with U.S.China tech concerns. Foxconn, a significant supplier to Apple, has diversified into the production of semiconductors in line with its longterm growth plan. Read More..

B2B Tech News | 5 months ago        

Trump Threatens 25% Tariff on Apple iPhones Not Made in the U.S.

U.S. President Donald Trump has threatened to impose a 25% tariff on Apple for selling iPhones that are not made in the country. When the news was rel

U.S. President Donald Trump has threatened to impose a 25% tariff on Apple for selling iPhones that are not made in the country. When the news was released through Truth Social, Apples stock fell 4%, and Nasdaq 100 futures also fell. Apple has been moving its manufacturing to India last year, it produced $22 billion worth of iPhones, a 60% increase in output. According to analysts, shifting production to the United States might result in iPhone costs reaching $3,500 per device, giving Apple a stronger case for tariffs. In light of the ongoing trade tensions between the United States and China, the strategy promotes home manufacturing and is consistent with Trumps larger trade goal. Read More..

B2B Tech News | 5 months ago        

Oracle Invests $40 Billion in Nvidia Chips for OpenAI’s Stargate Data Center

The Stargate Project, which aims to fortify Americas AI infrastructure, will see Oracle invest $40 billion in Nvidias GB200 AI chips to power OpenAIs

The Stargate Project, which aims to fortify Americas AI infrastructure, will see Oracle invest $40 billion in Nvidias GB200 AI chips to power OpenAIs new U.S. data centre. 400,000 Nvidia chips will be housed at the Abilene, Texas, facility, where Oracle has a 15year lease with OpenAI for computing power. The project is supported by Crusoe Energy Systems, Blue Owl Capital, and JPMorgan, who contributed $9.6 billion in debt funding. By the middle of 2026, the data centre should be completely functional, assisting OpenAI in lowering its dependency on Microsofts cloud services. Oracles action demonstrates its desire to compete in the AI cloud computing market against Amazon, Google, and Microsoft. Read More..

B2B Tech News | 5 months ago        

IndiaOman CEPA Nears Completion Amid ‘Omanisation’ Policy Negotiations

Omans "Omanization" strategy, which requires local hiring quotas in the private sector, is the subject of final talks as India and Oman approach the c

Omans "Omanization" strategy, which requires local hiring quotas in the private sector, is the subject of final talks as India and Oman approach the completion of a Comprehensive Economic Partnership Agreement CEPA. To safeguard Indian experts employed in Oman, India wants to freeze these quotas at their existing levels. Stronger bilateral economic relations, liberalised services trade, and 98% product access are all promised by the accord. In 2024–25, Indias exports to Oman were $443 billion, while its imports, which included chemicals, fertilisers, and petroleum, totalled over $6.51 billion. It is anticipated that the CEPA will increase investment and commerce, further integrating India into Gulf markets. Read More..

B2B Tech News | 6 months ago        

South Africa to Cut Spending if SARS Fails to Meet Revenue Target

If the South African Revenue Service SARS doesnt reach its income goal, the government of South Africa would reduce spending, said Finance Minister En

If the South African Revenue Service SARS doesnt reach its income goal, the government of South Africa would reduce spending, said Finance Minister Enoch Godongwana. Although the most recent budget made some small changes to expenditure estimates, there are still uncertainties, especially with regard to tax collection. If SARS performs as expected, a 2026 tax hike may be avoided if not, significant spending reductions will be necessary. In tackling economic issues, such as growing debt levels, the government seeks to strike a balance between maintaining budgetary stability. Read More..

B2B Tech News | 6 months ago        

Ukraine Ratifies U.S. Mineral Agreement, Advancing Reconstruction Investment Fund

Ukraine and the United States have finalised their historic mineral pact, opening the door for a joint Reconstruction Investment Fund to draw in forei

Ukraine and the United States have finalised their historic mineral pact, opening the door for a joint Reconstruction Investment Fund to draw in foreign capital. This agreement, which was signed on April 30, gives the United States exclusive access to Ukraines vital natural resources, such as lithium, titanium, and rare earth elements, which are vital for the defence and green energy sectors. Comanaged by Washington and Kyiv, the fund seeks to secure longterm U.S. investment while accelerating Ukraines economic recovery. With Ukraine guaranteeing that resource ownership stays domestic, the accord comes after months of intensive discussions. In the face of persistent geopolitical difficulties, the action signifies strengthening strategic collaboration and furthering the U.S.Ukraine economic partnership. Read More..

B2B Tech News | 6 months ago        



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