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Pakistan Seeks $1.3 Billion IMF Loan After India’s Retaliatory Strikes

Citing significant losses due to Indias retaliatory strikes, Pakistans Economic Affairs Division has requested additional loans from foreign lenders.

Citing significant losses due to Indias retaliatory strikes, Pakistans Economic Affairs Division has requested additional loans from foreign lenders. This appeal comes ahead of a crucial IMF meeting where Pakistans request for a $1.3 billion loan will be discussed. Officials later denied posting the loan request, claiming their X account had been hacked. India has questioned the effectiveness of Pakistans previous bailout packages and urged the IMF to act with caution. Before making decisions on loan disbursements or policy changes, the IMF board will assess Pakistans economic performance. Read More..

B2B Tech News | 6 months ago        

Bhutan Becomes First Nation to Launch National Crypto Tourism Payment System

In collaboration with Binance Pay and DK Bank, Bhutan has launched a nationwide cryptocurrency tourism payment system that allows visitors to use cryp

In collaboration with Binance Pay and DK Bank, Bhutan has launched a nationwide cryptocurrency tourism payment system that allows visitors to use cryptocurrency to pay for local shops, flights, accommodation, and visas. The programmes objectives are to reduce currency exchange costs and enhance payment accessibility, particularly for small business owners and regional artisans. Travellers can utilise over 100 cryptocurrency assets, including Bitcoin BTC, USDC, and Binances BNB. DK Bank manages instant cryptocurrencytofiat transfers. Bhutan was the first nation to implement cryptocurrency payments on a national scale, thanks to the technology, which ensures realtime confirmations and minimal transaction fees. Read More..

B2B Tech News | 6 months ago        

Bain Capital to Exit China’s Data Center Market Amid Global Investment Shift

Bain Capital, which is likely worth over $4 billion, is preparing to sell its data centre business in China. In recent months, the firm has engaged fi

Bain Capital, which is likely worth over $4 billion, is preparing to sell its data centre business in China. In recent months, the firm has engaged financial advisers and held initial discussions with potential buyers. Previously part of Chindata Group, which Bain Capital acquired in 2023 for $3.16 billion, the company is now operating under the WinTriX DC Group name. This transaction comes at a time when valuations in the data centre industry are increasing due to the demand for cloud computing and the growth of AI. Analysts suggest that as Chinas hyperscale data centre expansion slows, Bain Capital is shifting its focus to overseas ventures. Read More..

B2B Tech News | 6 months ago        

Germany’s Commerzbank Reports 12% Profit Growth Amid Italy’s UniCredit Takeover Speculation

In the first quarter of 2025, Commerzbank from Germany reported a 12% increase in net profit, surpassing analyst projections of €698 million to achi

In the first quarter of 2025, Commerzbank from Germany reported a 12% increase in net profit, surpassing analyst projections of €698 million to achieve €834 million £936 million. While Commerzbank fends off a potential takeover attempt by Italys UniCredit, the company revealed strong results. Increased interest income and cost reductions bolstered the banks performance, supporting its independent expansion plan. Amidst European banking consolidation efforts, the results illustrate Commerzbanks resilience in a fiercely competitive industry. Read More..

B2B Tech News | 6 months ago        

U.S. Bond Giant PIMCO Warns of Rising Recession Risks Amid Trade Uncertainty

Owing to high tariffs and economic uncertainty, U.S. bond giant PIMCO has issued a warning that the country faces its highest risk of recession in yea

Owing to high tariffs and economic uncertainty, U.S. bond giant PIMCO has issued a warning that the country faces its highest risk of recession in years. Investors are underestimating the impact of President Donald Trumps trade policies, according to Investment Chief Dan Ivascyn, who noted that the likelihood of a recession is at its most elevated level in several years. This warning coincides with the United States implementation of significant import levies and ongoing trade conflicts, particularly with China and Canada. Analysts suggest that bond markets may become increasingly volatile as investors adjust their holdings in response to heightened economic concerns. Read More..

B2B Tech News | 6 months ago        

Trump to Announce Major U.S.UK Trade Deal Amid Ongoing Tariff Disputes

The announcement of a significant trade agreement with a "large and highly respected nation" is the focus of a news conference that former U.S. Presid

The announcement of a significant trade agreement with a "large and highly respected nation" is the focus of a news conference that former U.S. President Donald Trump has scheduled for Thursday at 10 a.m. EDT in the Oval Office. Following recent trade discussions, Trump has not disclosed the partner country, although speculation suggests it may be the UK. Amid extensive U.S. tariffs—including 25% tariffs on steel, aluminium, and automobiles, as well as 145% penalties on Chinese imports—the announcement was made. Trumps protectionist trade policies have been bolstered by his insinuations that this agreement will be the first of many. Read More..

B2B Tech News | 6 months ago        

Kenya’s 2025/26 Budget Avoids Tax Hikes After Protests Against Revenue Measures

Following last years tragic protests against revenuegenerating initiatives, Kenyas budget projections for 2025–2026 omit any new tax increases. Inst

Following last years tragic protests against revenuegenerating initiatives, Kenyas budget projections for 2025–2026 omit any new tax increases. Instead, the government, under the leadership of Finance Minister John Mbadi, has focused on enhancing tax administration and addressing loopholes to improve collection efficiency. With a 4.5% GDP deficit and a total expenditure of 4 trillion shillings, the budget aims to generate an additional 25–30 billion shillings. A controversial proposal, which critics argue infringes on privacy rights, grants the tax authority access to financial data to combat tax evasion. This initiative reflects Kenyas attempts to maintain budgetary stability while preventing public discontent over taxation. Read More..

B2B Tech News | 6 months ago        

Australia’s ANZ Group Reports Flat Earnings Amid Global Trade Disruptions

Market realignment and alterations in international commerce were identified by Australias ANZ Group as the primary reasons for its stagnant firsthalf

Market realignment and alterations in international commerce were identified by Australias ANZ Group as the primary reasons for its stagnant firsthalf earnings. Trade flows are disrupted, necessitating companies to adjust their strategies and reallocate funds, according to outgoing CEO Shayne Elliott. ANZs cash profit stood at A$3.57 billion, slightly exceeding expectations but affected by intense competition in home loans. The restructuring of home loans led to a 48% surge in gross impaired assets, while the banks net interest margin remained steady at 1.56%. With the A$4.5 billion acquisition of Suncorp Bank, ANZ also bolstered its institutional lending. Rather than declining, Elliott emphasised that global economic activity will reorganise, positioning ANZ for longterm resilience. Read More..

B2B Tech News | 6 months ago        



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