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BUSINESS NEWS

Rio Tinto Completes $3.3 Billion Turquoise Hill Deal to Increase Stake in Project Mongolia

Rio Tinto Ltd announced on Friday that it has finished the protracted process of buying the final 49% of Turquoise Hill Resources TRQ.TO, giving the

Rio Tinto Ltd announced on Friday that it has finished the protracted process of buying the final 49% of Turquoise Hill Resources TRQ.TO, giving the AngloAustralian company a 66% ownership in Oyu Tolgoi, the largest known copper and gold mine in Mongolia. After months of debate, Turquoise Hill shareholders last week approved Rio Tintos $3.3 billion offer to buy out the Canadian business. Read More..

B2B Tech News | 10 months ago        

Gates and Bezos pay back $110 million Series C for braincomputer interface company Synchron

A brain computer interface BCI is being developed by Synchron to treat paralysis. By identifying and wirelessly communicating motor intent from the br

A brain computer interface BCI is being developed by Synchron to treat paralysis. By identifying and wirelessly communicating motor intent from the brain, this minimally invasive technology operates. Patients who are severely paralysed can use handsfree pointandclick to operate personal devices. The business is already conducting a US clinical study to evaluate how the technology will affect regular activities like texting, emailing, internet shopping, and telehealth services. The US Food and Drug Administration has already given it the Breakthrough Device designation. Read More..

B2B Tech News | 10 months ago        

Elon Musk sells another $3.6 billion worth of Tesla shares

Since announcing his acquisition of Twitter, the billionaire who gained control of the social media business in October has sold four tranches of shar

Since announcing his acquisition of Twitter, the billionaire who gained control of the social media business in October has sold four tranches of shares totaling about $23 billion. Since the beginning of the year, Teslas share price has decreased by 61%, outperforming comparable automakers like Ford or General Motors. Twitter suspended a user account on Wednesday for posting publicly accessible information about Elon Musks private jets travels. According to the Bloomberg Billionaires Index rating, the Tesla share price decline has been significant enough to cause Elon Musk to lose his prized title as the worlds richest person, moving to second place behind luxury tycoon Bernard Arnault. Read More..

B2B Tech News | 10 months ago        

Dominos Pizza expands its presence in Europe, South America

On Thursday, Dominos Pizza disclosed plans to expand into Latvia and Uruguay. The master franchisees Morgacita Ltd. and Alsea in Latvia and Uruguay, r

On Thursday, Dominos Pizza disclosed plans to expand into Latvia and Uruguay. The master franchisees Morgacita Ltd. and Alsea in Latvia and Uruguay, respectively, will manage the additional locations, which will be headquartered in the capitals of the two countries. The Michiganbased pizza restaurant is rapidly expanding its exposure to 100 international markets, which is helping to increase exUS sales, which now account for the majority of retail sales. According to Art DElia, executive vice president of Dominos International, establishing our brand in Uruguay and Latvia provides a tremendous potential for Dominos to continue growing globally. We have been on a mission to expand into more markets, including Uruguay and Latvia, and we look forward to welcoming new consumers there with our mouthwatering pizzas and excellent customer service. Read More..

B2B Tech News | 10 months ago        

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 | 10 months 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 | 10 months 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 | 10 months 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 | 10 months 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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