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ASX dumps blockchainbased CHESS replacement with $250 million fee

The planned blockchainbased replacement of the 25yearold CHESS settlement platform by the Australian Stock Exchange will be scrapped. Due to the lack

The planned blockchainbased replacement of the 25yearold CHESS settlement platform by the Australian Stock Exchange will be scrapped. Due to the lack of a clear solution, the ASX will be subject to an impairment charge of between $245 million and $255 million before taxes. Over the past four years, there have been significant delays with ASXs CHESS Replacement Program. There are important technological, governmental, and delivery issues that need to be resolved. ASX apologises for the inconvenience caused by the CHESS replacement project over the course of several years. Read More..

B2B Tech News | 2 years ago        

Plantbased restaurant Flave to raise funds for global launch

Flave, a plantbased eatery, is soliciting money for a chain with just one location. Former CEO of the Mexican restaurant chain Zambrero and company co

Flave, a plantbased eatery, is soliciting money for a chain with just one location. Former CEO of the Mexican restaurant chain Zambrero and company cofounder. Firm has another $2.5 million in Series A funding secured and expects to raise up to $2 million. Gordon Ramsay taught Stuart, who spent six years as the personal chef for Sir Paul McCartney. The businessperson wants to design a dining atmosphere where vegan meals are the main focus rather than an afterthought. Read More..

B2B Tech News | 2 years ago        

Wipro plans to establish a European Works Council for its employees

European works councils EWCs are permanent organisations that support employee information and consultation. The EWC agreement between Wipro and emplo

European works councils EWCs are permanent organisations that support employee information and consultation. The EWC agreement between Wipro and employee representatives from 13 different nations was successfully negotiated. In the first quarter of fiscal year 2024, the EWC will hold its inaugural constitutional meeting. Read More..

B2B Tech News | 2 years ago        

Cuba, South Africa to focus on opening new businesses

Noxolo Kiviet, the deputy minister of public works and infrastructure for South Africa, promised at FIHAV2022 that the two nations solid political tie

Noxolo Kiviet, the deputy minister of public works and infrastructure for South Africa, promised at FIHAV2022 that the two nations solid political ties should be bolstered by deeper economic ties and increased trade and investment. The signing of an agreement with the Cuban Ministry of Building on technical assistance at the national and provincial levels serves as an example of Kiviets suggestions, which are concentrated on new construction openings. She continued by saying that there is interest in boosting trade and investment in Cuba in a variety of industryrelated sectors, including science and innovation, culture, sports, building, agriculture, and industrial associations. Read More..

B2B Tech News | 2 years ago        

IPO funds raised by Southeast Asian companies fall amid economic headwinds

From January to November, companies in the area raised $6.3 billion through initial public offerings IPOs. Six nations were examined in the Deloitte d

From January to November, companies in the area raised $6.3 billion through initial public offerings IPOs. Six nations were examined in the Deloitte data Singapore, Indonesia, Thailand, Vietnam, the Philippines, Malaysia, and the Philippines. From 152 listings in 2021 to 136 so far in 2022, the number of listings likewise decreased. Read More..

B2B Tech News | 2 years ago        

Central and Eastern European tech startups still struggling despite positive signals

Between central and eastern Europe and western Europe, there is still a sizable achievement disparity in entrepreneurship. This is true even if the st

Between central and eastern Europe and western Europe, there is still a sizable achievement disparity in entrepreneurship. This is true even if the startup scene in the area is expanding and investment is still rising. At the Science|Business conference on Brain Drain and Capacity Building in EU Widening Countries, the entrepreneurial divide was highlighted. In terms of enterprise value, region is one of the fastest growing in Europe. There are currently 190 billion euros worth of startups there, four times more than in 2017. Read More..

B2B Tech News | 2 years ago        

Software development firm Buildkite earns $31 million in Series B

Buildkite has raised a Series B fundraising round of US$21 million $31 million. It was coled by OneVentures and AirTree, with involvement from General

Buildkite has raised a Series B fundraising round of US$21 million $31 million. It was coled by OneVentures and AirTree, with involvement from General Catalyst and Don Pym from the United States. The new funds will be used to launch new developer products as well as expand the companys existing operations. Test Analytics assists developers in understanding why coding tests run slowly or behave differently between executions. It has processed over a billion tests for customers such as Uber and Canva since its inception. Read More..

B2B Tech News | 2 years ago        

The EU and four Member States are providing more than €1 billion for climate adaptation in Africa

On Wednesday, EU climate policy leader Frans Timmermans informed the COP27 conference in Sharm ElSheikh that the EU and four member countries will con

On Wednesday, EU climate policy leader Frans Timmermans informed the COP27 conference in Sharm ElSheikh that the EU and four member countries will contribute more than a billion euros to climate adaptation in Africa. He stated that the four members are France, Germany, the Netherlands, and Denmark, and that more nations can join. He stated that the total is just a beginning point. Timmermans also stated that the EU will provide 60 million euros for loss and damage and will present ideas on how to move loss and damage negotiations forward today. Read More..

B2B Tech News | 2 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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