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BNP Paribas launches new private assets wing of 30 billion euros

A private asset management division has been established by BNP Paribas as part of its investment and protection services group. The €30 billion u

A private asset management division has been established by BNP Paribas as part of its investment and protection services group. The €30 billion unit, which will collaborate with BNP Paribas Corporate & Institutional Banking, the groups distribution networks, and IPSs private asset management expertise, will go into operation in January 2023. The French asset manager aspires to rise to the top of the European private asset management industry. The new unit, led by David Bouchoucha, will raise money from significant institutional and private investors and concentrate on both direct and indirect management. By combining the private asset management operations of Principal Investments with its affiliate BNP Paribas Agility Capital, the private asset management division will also offer fund selection guidance. Read More..

B2B Tech News | 3 years ago        

Egypt approves $5.5 billion green hydrogen project in Ain Sokhna

The government of Egypt announced on Wednesday that the cabinet has approved a permit for the construction of a green ammonia project with a 1 million

The government of Egypt announced on Wednesday that the cabinet has approved a permit for the construction of a green ammonia project with a 1 million tonne annual production capacity in the Ain Sokhna industrial zone. The ministry noted in a statement that the project, by Egypts Green Ammonia Company, will cost about $5.5 billion and provide about 10600 employment throughout the construction and operation phases. Read More..

B2B Tech News | 3 years ago        

Sam BankmanFried Lies Media Tour Ends

Sam Bankmanmedia Frieds tour of fabrications appears to have come to an end. Finally, SBF, the discredited creator of the defunct cryptocurrency exch

Sam Bankmanmedia Frieds tour of fabrications appears to have come to an end. Finally, SBF, the discredited creator of the defunct cryptocurrency exchange FTX, was taken into custody in the Bahamas. The alphabet soup of government agencies, including the SEC, CFTC, DOJ, and others, have brought some incredibly detailed accusations against him. The SECs complaint alleges that FTX misled investors out of US$1.8 billion, of which US$1.1 billion belonged to US citizens. Naturally, SBFs attorneys stated that he will not be speaking before Congress. Read More..

B2B Tech News | 3 years ago        

Northern Trust recruits key accounting and fund administration personnel in North America Global Fund Services

Michael McMaster has been named head of North America fund administration, while Northern Trust has announced the nominations of Steven Reydel as head

Michael McMaster has been named head of North America fund administration, while Northern Trust has announced the nominations of Steven Reydel as head of North America fund accounting. Reydel and McMaster will be crucial in supporting ongoing expansion in the Global Fund Services GFS business by utilising their knowledge of fund accounting and fund administration. Reydel will play a key role in establishing and expanding the Northern Trust GFS business in the Boston area. With 20 years of fund accounting experience at State Street and Brown Brothers Harriman BBH, Reydel ensures continued expertise relevant to the demands of asset managers. Read More..

B2B Tech News | 3 years ago        

Joshua Patterson, Gregory OShea and Stephanie Davis run coaching app Runna again in £1.9m round

Joshua Patterson, an ultraathlete and twotime world record holder, Stephanie Davis, a British Olympic marathon runner, and Gregory OShea, an Irish rug

Joshua Patterson, an ultraathlete and twotime world record holder, Stephanie Davis, a British Olympic marathon runner, and Gregory OShea, an Irish rugby union player, all agree that Runna is the place to be. Runna is a Londonbased running coaching app that has raised £1.9 million in a new funding round. The additional funding is intended to support the startups efforts to expand its UK market presence as well as its anticipated 2023 entry into the US market. Runna has already raised a total of £2.55 million since its crowdfunded preseed round of £650,000 in late 2021 or early 2022. Jon Coker, the founder partner of Eka Ventures, led the £1.9 million round for Runna, which also included Fortitude and Marc Cohen sole partner at unbundled vc. Read More..

B2B Tech News | 3 years ago        

Westpac Wins $30 Million Settlement in Pension Class Action

Westpac and law firm Slater and Gordon have settled a class action lawsuit against two of the banks subsidiaries for $29.95 million. It was claimed th

Westpac and law firm Slater and Gordon have settled a class action lawsuit against two of the banks subsidiaries for $29.95 million. It was claimed that the members of the class had been taken advantage of. Following the settlement of the class action involving Westpac subsidiaries BT Funds Management Limited and Westpac Life Insurance Services Limited, the law firm claims that tens of thousands of Australians may now be eligible for compensation. Slater and Gordon claimed in the class action that investors in the BT Super for Life cashonly option lost money because BT invested their money through Westpac Life, which allowed Westpac Life to charge fees without offering any worthwhile services. Read More..

B2B Tech News | 3 years ago        

360Future MetLife Addresses Aging Concerns in Asia

People in China are increasingly concerned about life after retirement, owing to one of the worlds fastest ageing populationsi and huge unmet demand f

People in China are increasingly concerned about life after retirement, owing to one of the worlds fastest ageing populationsi and huge unmet demand for aged care services. China is not alone, with Asias elderly population expected to reach almost 923 million in the coming decades, making it one of the worlds oldest regionsii. MetLife established 360Future to assist people in Asia prepare for retirement earlier and better support them as they age. To assist clients and their older family members in retirement, the entire solution combines retirement savings and insurance protection with health and wealth services. Read More..

B2B Tech News | 3 years ago        

British semiconductor company Pragmatic raises $35 million

Flexible integrated circuits are produced entirely without silicon by the Cambridgebased semiconductor company Pragmatic. And has attracted the intere

Flexible integrated circuits are produced entirely without silicon by the Cambridgebased semiconductor company Pragmatic. And has attracted the interest of the CIA. a portion. The Series C round extension secured an additional $35 million for Cambridgebased semiconductor company Pragmatic, bringing the deals total to $125 million. The Series C round, which started in late 2021 and has already had at least one extension, is now more than 50% oversubscribed thanks to the additional $35 million. With the increased funding, Pragmatic will be able to expand more quickly. A second fabrication line will be opened, increasing production capacity by 5x, and a new 15acre manufacturing facility in Durham will also be built. Read More..

B2B Tech News | 3 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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