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Ghanas president says IMF talks will not lead to debt relief

As foreign investors pulled out of Ghanas debt in July, IMF negotiations were initiated. In an effort to reassure investors, President Nana AkufoAddo

As foreign investors pulled out of Ghanas debt in July, IMF negotiations were initiated. In an effort to reassure investors, President Nana AkufoAddo said that the talks would not result in a decrease in the face value of government bonds. This year, the value of the Ghanaian cedi has fallen more than 40%, placing pressure on importers of raw and processed products. In September, consumer inflation increased to a record 21year high of 37.2%. Read More..

B2B Tech News | 2 years ago        

Indian startups establish a base in Singapore

For various reasons, many Indian startups prefer to be headquartered in Singapore. Flipkart, PhonePes parent company, maintained its headquarters on t

For various reasons, many Indian startups prefer to be headquartered in Singapore. Flipkart, PhonePes parent company, maintained its headquarters on the Southeast Asian island nation. The action is thought to be related to PhonePe preparing for a stock exchange listing in India. Singapore has recently emerged as Asias Silicon Valley. It has a thriving startup ecosystem and is home to many venture capital firms. Last year, 11 Singaporebased startups achieved unicorn status market cap of USD 1 billion and received early stage funding totaling $202,000. Read More..

B2B Tech News | 2 years ago        

Construction begins on the $10 billion Airport Rail Link in Melbourne

Construction on Melbournes $10 billion Airport Rail link has begun. The Metro Tunnel will connect more than 30 stations to the nations second busiest

Construction on Melbournes $10 billion Airport Rail link has begun. The Metro Tunnel will connect more than 30 stations to the nations second busiest airport. The project is an important component of the $125 billion Suburban Rail Loop SRL development. The Victorian government has announced plans for a new elevated rail bridge across the Yarra River in Melbournes western suburbs. At its highest point, the bridge will rise more than 50 metres above the river valley, making it the states secondhighest bridge after the West Gate Bridge. Read More..

B2B Tech News | 2 years ago        

Chinese tech giants’ push into U.S., Europe’s markets, Set Up Potential Clash With Amazon

ByteDance, owner of TikTok, and Pinduoduo have launched international ecommerce platforms. The goal is to try and sell Chinese goods to overseas custo

ByteDance, owner of TikTok, and Pinduoduo have launched international ecommerce platforms. The goal is to try and sell Chinese goods to overseas customers. As they grow globally, Move puts the two on a collision course with Amazon. The push into foreign markets comes as Chinese tech firms search for fresh development opportunities. Read More..

B2B Tech News | 2 years ago        

Matthew Wilson resigns from the post of British group leader

Matthew Wilson, the group CEO of Brit Ltd, has announced his retirement. He will remain an executive advisory director for Fairfax Financial Holdings

Matthew Wilson, the group CEO of Brit Ltd, has announced his retirement. He will remain an executive advisory director for Fairfax Financial Holdings Fairfax. Martin Thompson will take over as Kis new group CEO and executive chairman on October 31st. Wilsons role in driving Brits reputation for being forwardthinking and inclusive, according to Prem Watsa, chairman and CEO of Fairfax Financial Holdings. He will always be a friend to Brit, and he leaves a lasting legacy of success across the entire organisation.  Read More..

B2B Tech News | 2 years ago        

Gold coins to rescue in Zimbabwe

9,516 gold coins totaling Z$9bn US$1=Z$650 had been sold to both private individuals and businesses. Following a surge in inflation from 191% in June

9,516 gold coins totaling Z$9bn US$1=Z$650 had been sold to both private individuals and businesses. Following a surge in inflation from 191% in June to 257% in July of this year, the Zimbabwean government made gold coins legal money. Each coin has a 22 carat purity and weighs one troy ounce. Read More..

B2B Tech News | 2 years ago        

MENA, Central Asia economies show resilience but global headwinds loom

States in emerging markets and those with intermediate incomes experience significant terms of trade shock and limited access to market funding. In co

States in emerging markets and those with intermediate incomes experience significant terms of trade shock and limited access to market funding. In comparison to the April prediction of 2.6%, the impact of the Ukraine crisis on the Caucasus and Central Asia CCA is projected to decelerate to 3.8% in 2022. A 5.6% CCA increase was predicted by the IMF for 2021 as a result of Russias economic stimulus and robust trade. Read More..

B2B Tech News | 2 years ago        

Overview of UPL results higher crop prices, higher prices to support performance

Higher crop prices are expected to drive a 16 percent increase in UPLs Latin America business in the September quarter. According to brokerage firm Ph

Higher crop prices are expected to drive a 16 percent increase in UPLs Latin America business in the September quarter. According to brokerage firm Phillip Capital, UPLs North America, India, and Rest of World operations are anticipated to rise by 15% to 25%. UPLs revenue growth of 27% in the June quarter was driven by 18% price increases, 3% exchange rate changes, and 6% volume growth. While ADIA, Brookfield, and TPG will each own 9.09 percent of UPL SAS, KKR will own 13.33 percent of Global Seeds Platform. Read More..

B2B Tech News | 2 years ago        



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