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US ABB Corruption Scheme in South Africa Nearly Collapsed Over Loot Sharing

A debate over who would receive the proceeds nearly brought an end to a conspiracy by employees of the Swiss industrial company ABB Ltd. to pay bribes

A debate over who would receive the proceeds nearly brought an end to a conspiracy by employees of the Swiss industrial company ABB Ltd. to pay bribes for contracts at South Africas stateowned power utility, according to US court documents. The documents offer a new perspective on wrongdoing at Eskom Holding SOC Ltd., a power firm beset by declining finances and frequent blackouts. The lawsuit, brought by US prosecutors and regulators, also reveals how US policy has changed against organisations like ABB that have broken the law repeatedly. Read More..

B2B Tech News | 3 years ago        

EU strikes trade deal with Chile that will improve blocs access to key minerals

As Chile transitions away from Russian gas, the EU has reached a trade agreement with Chile that will make it simpler for Chile to get lithium, copper

As Chile transitions away from Russian gas, the EU has reached a trade agreement with Chile that will make it simpler for Chile to get lithium, copper, and other minerals essential to its renewable energy industry. According to the European Commission, Chile will remove tariffs on all imports except sugar and facilitate EU investment. As it attempts to diversify its resource imports away from China, Brussels views the Latin American nation as a crucial strategic ally. In exchange, Chile will get better access for its exports, especially food and business services.  With the new Advanced Framework Deal, the EU and Chile move their partnership to the next level to increase political discussion, deepen cooperation, and boost trade and investment prospects, states the historic agreement. Read More..

B2B Tech News | 3 years ago        

Queensland doubles down on The Star with a $100 million fine and license revocation

Following the Gotterson examination of the casino groups operations in Brisbane and Gold Coast, the Queensland AttorneyGeneral took a tough stance aga

Following the Gotterson examination of the casino groups operations in Brisbane and Gold Coast, the Queensland AttorneyGeneral took a tough stance against the company and punished the Star Entertainment Group with a $100 million fine and a 90day suspension of its casino licence. To give the business time to get its house in order, the suspension has been postponed until 1 December of next year. This is because Nicholas Weeks, the independent expert in charge of The Stars NSW remediation programme, has been named special manager of the companys Queensland operations. Read More..

B2B Tech News | 3 years ago        

Startup Choira uses 5G technology to allow musicians to play virtually with minimal latency

This took the form of, among other things, online reading clubs, game nights, and musical jam sessions. While the latter faced a distinct problem with

This took the form of, among other things, online reading clubs, game nights, and musical jam sessions. While the latter faced a distinct problem with latency, or how quickly data flows from one area of a network to another, the first two could be used with current videomeeting systems. Small delays can go unnoticed if youre conversing casually with someone. However, if a group plays instruments together online, even the smallest discrepancies might ruin the entire jam session. Read More..

B2B Tech News | 3 years ago        

MidOcean Partners abandons its investment in Nutrabolt

MidOcean Partners, a renowned New Yorkbased alternative asset manager with a focus on middlemarket private equity and alternative credit investments,

MidOcean Partners, a renowned New Yorkbased alternative asset manager with a focus on middlemarket private equity and alternative credit investments, announced today that it had successfully exited its private equity investment in Nutrabolt, a rapidly expanding global active health and wellness company with a portfolio of marketleading performanceoriented brands, including C4® Energy, one of the fastestgrowing performance energy drink brands in the United States. A major North American beverage manufacturer, Keurig Dr. Pepper, will engage with Nutrabolt in a strategic collaboration that will include a longterm sales and distribution agreement as well as an equity investment in connection with MidOceans exit. Read More..

B2B Tech News | 3 years ago        

EU supports Croatias entry into Schengen, rejects Bulgaria and Romania

Members of the European Union have approved Croatias entry into the Schengen region, which is open to travellers without passports, while rejecting Bu

Members of the European Union have approved Croatias entry into the Schengen region, which is open to travellers without passports, while rejecting Bulgarias and Romanias applications. The choices were made on Thursday in Brussels at a meeting of EU interior ministers.  The last step is done! As of January 1, 2023, Croatia will officially enter the Schengen region, according to a tweet posted on Thursday by the permanent representation of Croatia in the EU. The Czech Republic, which now holds the rotating EU presidency, stated that the Schengen region is increasing for the first time in more than ten years. Ministers authorised Croatias admission beginning on January 1, 2023! ” Read More..

B2B Tech News | 3 years ago        

Healius appoints new CEO, sells Montserrat Day Hospitals for $139m

Maxine Jaquet, who will follow Dr. Malcolm Parmenter in March 2023, will take over as the groups top executive, making her one of the groups 14 female

Maxine Jaquet, who will follow Dr. Malcolm Parmenter in March 2023, will take over as the groups top executive, making her one of the groups 14 female CEOs who will be the youngest to lead an ASX 200 firm. In 2015, Jaquet began working with the industry leader in pathology and diagnostic imaging as group director commercial and CEO of subsidiary Health & Co. She received promotions to CFO and COO in the previous three years. Read More..

B2B Tech News | 3 years ago        

Ohmyhome sees a $15m raise in the US IPO to a valuation of around $88m

Ohmyhome, a Singaporebased real estate marketplace, has submitted paperwork to list its shares in an initial public offering IPO with a US$88 million

Ohmyhome, a Singaporebased real estate marketplace, has submitted paperwork to list its shares in an initial public offering IPO with a US$88 million valuation. According to its filing, the business plans to sell 3.25 million shares for between $4 and $5 each in order to raise up to US$16.25 million, or around US$14.6 million at the midpoint. The company intends to float its stock on the Nasdaq under the symbol OMH.  The primary managing underwriter and bookrunner for the offering is Spartan Capital Securities. 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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