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Headline inflation in Mexico eased in early November, while core inflation increased

Mexicos annual headline inflation is expected to have decreased in the first half of November but to have remained significantly higher than governmen

Mexicos annual headline inflation is expected to have decreased in the first half of November but to have remained significantly higher than government targets, opening the way for future interest rate increases by the nations central bank. According to the 16 analysts consensus predictions, annual headline inflation will decrease from the 8.28% recorded in the second half of October to 8.24%. Read More..

B2B Tech News | 2 years ago        

Brazils gross debt expected to fall to 74.3% of GDP by 2022, Guedes says

The gross debt as a percentage of GDP in Brazil, according to Minister of the Economy Paulo Guedes, is expected to drop to 74.3% in 2022, the lowest l

The gross debt as a percentage of GDP in Brazil, according to Minister of the Economy Paulo Guedes, is expected to drop to 74.3% in 2022, the lowest level since 2018 75.3%. At a news conference, he also predicted that the primary budget surplus for the federal government will surpass the 0.2% level predicted earlier by the Minister of the Economy and reach 0.4% of GDP this year. Read More..

B2B Tech News | 2 years ago        

Malawi to receive $88.3m from IMF under Food Shock loan

One of the 48 nations the IMF recognised as being most adversely impacted by the global food crisis made worse by the conflict in Ukraine is Malawi. T

One of the 48 nations the IMF recognised as being most adversely impacted by the global food crisis made worse by the conflict in Ukraine is Malawi. The announcement follows the IMF Executive Boards approval of a staffmonitored programme a few days prior. The Malawian government should be able to establish a track record of policy implementation thanks to this informal agreement with the IMF before it possibly implements a programme with IMF support. Read More..

B2B Tech News | 2 years ago        

Foreign companies in Myanmar expect the long term

Just before the military took over, Toyota Motor finished building a new auto assembly factory in Myanmar. Myanmars economy has been devastated by the

Just before the military took over, Toyota Motor finished building a new auto assembly factory in Myanmar. Myanmars economy has been devastated by the coronavirus pandemic and political unrest, but the worst of the downturn seems to be passed. Recently, a business traveller to Myanmar who had anticipated mayhem found it to be surprisingly typical. Under military rule, Myanmars currency, the kyat, has lost more than half of its value against the dollar. The International Monetary Fund projects that starting in the fiscal year 2022, Myanmars economy will grow by 2% to more than 3% annually. Read More..

B2B Tech News | 2 years ago        

Spains Cobee raises $41 million for employee benefits super app

Cobee, a startup in the benefits industry, secures $41 million in Series B funding. It will use the money to grow into additional markets that speak S

Cobee, a startup in the benefits industry, secures $41 million in Series B funding. It will use the money to grow into additional markets that speak Spanish and Portuguese, starting with Mexico. Ogilvy, Booking, Workday, N26, JTI, Job & Talent, Avis, Michelin, Petronas, and Glovo are a few of the clients. Although the company wont reveal its valuation, CEO Borja Aranguren claims it is $1 billion. Benefits and perks are a component of what a company does to entice and keep employees, but they frequently include things that are less voluntary. Read More..

B2B Tech News | 2 years ago        

Trafigura receives $600 million from African TDB for CongoCobalt mines

The Eastern and Southern African Trade and Development Bank TDB and commodities trader Trafigura have agreed to a $600 million syndicated financing ar

The Eastern and Southern African Trade and Development Bank TDB and commodities trader Trafigura have agreed to a $600 million syndicated financing arrangement to develop cobalt and copper mines in the Democratic Republic of the Congo.The money, according to Trafigura, will allow it to finish the expansion of the Etoile mine and processing facility in Lubumbashi as well as the new mechanised mine at Mutoshi, Kolwezi, and Congo miner Chemaf. Read More..

B2B Tech News | 2 years ago        

Brickworks profits triple, but furnace costs are soaring due to gas crisis

Brickworks reported a record underlying profit of $746 million in fiscal year 22. The groups revenue increased by 28% year on year to $1.09 billion. T

Brickworks reported a record underlying profit of $746 million in fiscal year 22. The groups revenue increased by 28% year on year to $1.09 billion. The business has warned that rising interest rates will have a negative impact on the housing industry in the second half. Brickworks reported an underlying profits contribution of $181 million from its Soul Patts investment, an increase of 86% year on year. Brickworks also acquired a sizable stake in FBR Limited, a developer of robotic bricklaying technology. Across new developments and lease renewals, the group is experiencing significant rental growth. Read More..

B2B Tech News | 2 years ago        

Record Profits for SoftwareHardware TechnologyOne as R&D Spending Continues to Rise

TechnologyOne, situated in Brisbane, has declared its 13th consecutive year of record profits. The corporation increased its earnings after tax by 22%

TechnologyOne, situated in Brisbane, has declared its 13th consecutive year of record profits. The corporation increased its earnings after tax by 22% to $88.8 million. Revenue reached a new high of $369.4 million, an increase of 18% over the previous year. TechnologyOne reported an ARR of $17.5 million and a profit of $2.4 million, representing a 50% increase over the previous year. The company closed 20 deals totaling $63.9 million with organisations in the local government sector. In the higher education sector, TechnologyOne also secured ten deals totaling $47 million. Read More..

B2B Tech News | 2 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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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.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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