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Ghana revises $1 billion debt test guaranteed by World Bank

After its already precarious finances collapsed amid the economic effects of COVID19 and Russias invasion of Ukraine, Ghana will have to revamp its de

After its already precarious finances collapsed amid the economic effects of COVID19 and Russias invasion of Ukraine, Ghana will have to revamp its debt. Its unclear how the World Bank guarantee will function. Ghanas overseas bonds have lost a third of their face value, and the cedi this year experienced the biggest currency decline in the history of the world. Rare are the creditenhanced issuance that include multilateral guarantees on all or a portion of the bonds. Ghanas bond has a yield of 10.75%, and since the end of September, prices have outpaced shortterm bonds with maturities in 2025 and 2026. The bonds contract states that the guarantee cannot be expedited under any circumstances. Read More..

B2B Tech News | 2 years ago        

Brazil joins the Budapest Convention on the fight against cybercrime

Brazil has formally ratified the Convention on Cybercrime, also known as the Budapest Convention. The measure aims to strengthen international coopera

Brazil has formally ratified the Convention on Cybercrime, also known as the Budapest Convention. The measure aims to strengthen international cooperation in the fight against cybercrime. The new step is expected to provide Brazilian authorities with faster access to electronic evidence produced under the jurisdiction of another country. It will have a positive impact on cybercrime offenders criminal convictions. Read More..

B2B Tech News | 2 years ago        

Musk delivers first Tesla truck, but no updates on production, pricing

Elon Musk, the CEO of Tesla Inc. TSLA.O, handed over the companys first heavyduty semi on Thursday to PepsiCo PEP.O, but he made no new predictions ab

Elon Musk, the CEO of Tesla Inc. TSLA.O, handed over the companys first heavyduty semi on Thursday to PepsiCo PEP.O, but he made no new predictions about the trucks cost, its planned manufacturing, or the volume of cargo it could transport. The batterypowered, longhaul truck will lower highway emissions, exceed current diesel models on power and safety, and spinoff a fastcharging technology Tesla would employ in its future Cybertruck pickup, according to Musk, who spoke on stage at a Tesla event in Nevada. Read More..

B2B Tech News | 2 years ago        

How Sourci Made It Meet the founders behind Australias new wave of ecommerce

The two cofounders of the product development consultancy Sourci are Giovanni Pino and Ellie Vaisman. The Melbournebased business, which was establish

The two cofounders of the product development consultancy Sourci are Giovanni Pino and Ellie Vaisman. The Melbournebased business, which was established in 2018, won the Manufacturing, Wholesale, and Distribution category of the 2022 Young Entrepreneur Award. Sourci has increased its clientele during the year, received an award, and grown through acquisitions. From clothing to skincare, sunglasses to 35mm cameras, and even sex toys, the corporation has contributed to the development of a wide variety of products. AFL superstars Jack Redden and Xavier Ellis, Australian basketball star Sara Blicavs, and model Tess Shanahan are among the companys clients. Read More..

B2B Tech News | 2 years ago        

Swiss engineering group ABB has been fined $4.3 million

The Attorney General of Switzerland has fined Swiss engineering and technology company ABB ABBN.S 4 million Swiss francs $4.3 million in connection wi

The Attorney General of Switzerland has fined Swiss engineering and technology company ABB ABBN.S 4 million Swiss francs $4.3 million in connection with a corruption case in South Africa. According to the Attorney Generals office, ABB was penalised for not having taken all required and reasonable organisational safeguards to avoid bribery payments to foreign officials in South Africa, according to a statement released on Friday. According to an agreement reached this week between ABB and South Africas National Prosecuting Authority NPA, the business will make restitution for its role in state corruption. Read More..

B2B Tech News | 2 years ago        

Isomer Capital Onboards European Venture Capital Founders as a Venture Capital Partner

The European VCs founders, Andreas Munk Holm and David Cruz e Silva, now have the title of Venture Partner on their resumes as a result of the formali

The European VCs founders, Andreas Munk Holm and David Cruz e Silva, now have the title of Venture Partner on their resumes as a result of the formalisation of their partnership with Isomer Capital. The big idea is for Andreas and David to assist VCs in raising money by creating vested communities of founders, operators, angel investors, and VCs as Operator LPs through a content platform and syndicates. Weve always respected Isomer, and now well be able to work with the best in the business while presenting our proposition to fantastic VCs. Read More..

B2B Tech News | 2 years ago        

Belgiums Gorilla raises €6 million to fuel growth in its energy data management

Energy data technology business Gorilla from Belgium has acquired €6 million in series A funding. The series A round is supported by the private VC

Energy data technology business Gorilla from Belgium has acquired €6 million in series A funding. The series A round is supported by the private VC firm Beringea and the governmentrun innovation fund PMV in Belgium. Additional funding is provided by VLAIO, the Flemish regions economic growth organisation. With the help of Gorillas cloud software, energy utilities can instantly communicate information about energy usage trends by gathering vast amounts of data from EVs, smart metres, and IoT devices. The operational personnel of the energy company can then receive this information, giving them a greater understanding of the dynamics of the energy market locally and assisting them in developing new pricing strategies. Read More..

B2B Tech News | 2 years ago        

IMF chief flags inflation and slowing China as risk for Asia

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has identified escalating inflationary pressures and Chinas economic s

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has identified escalating inflationary pressures and Chinas economic slowdown as threats to Asias economic outlook and urged policymakers to strengthen their shockabsorbing capacities. Masatsugu Asakawa, president of the Asian Development Bank, also advised Asian policymakers to watch out for any indications of sudden capital outflows brought on by the continuous increases in US interest rates. The Association of Southeast Asian Nations ASEAN nations, according to Georgieva, are a bright spot in the global economy. Growth in these economies is anticipated to be 5% this year and to moderate somewhat in 2023. But she cautioned that concerns including the consequences from Russias war in Ukraine, a tightening of the global financial system, and a slowdown in Chinas growth dominated the picture and made it exceptionally unpredictable. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

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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5.  Approximately 8 billion gadgets connect on the internet every day.
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