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Debt rules in Europe are changing and that could have a big impact on bond markets

The European Commission will offer a proposal to change fiscal regulations in effect for nearly 30 years. The main goal of modifying the regulations c

The European Commission will offer a proposal to change fiscal regulations in effect for nearly 30 years. The main goal of modifying the regulations currently is to assist eurozone countries in reducing their debt levels. Government debt in the 19member region stood at 94.2% of GDP at the end of the second quarter. The European Unions rules states that nations debt should not exceed 60% of their GDP gross domestic product. According to an official who chose to remain nameless, this standard will not change. However, given their debt levels of more than 150%, Greece and Italy will find it more difficult to meet this criteria. Germanys sovereign debt was just under 70% of GDP at the time. Read More..

B2B Tech News | 2 years ago        

MoneySmart is listed on SGX via a $161 million reverse IPO deal

MoneySmart Group intends to float on the Singapore Stock Exchange after completing a US$161.7 million reverse acquisition with real estate developer A

MoneySmart Group intends to float on the Singapore Stock Exchange after completing a US$161.7 million reverse acquisition with real estate developer Asia Pacific Strategic APS Investments. According to a release, the Singaporeborn fintech startup and APS have moved on to the next stage of due diligence following the agreement. The transaction comprises the issuing of new ordinary shares in APS, which will account for 80% of the companys enlarged share capital following the acquisition, as well as a listing in the first half of 2023. Read More..

B2B Tech News | 2 years ago        

CardinalStone Capital Advisers invests $6 million in AfyA Care

CardinalStone Capital Advisers CCA, a manager of private equity funds in West Africa, has disclosed a $6 million investment in AfyA Care. The investme

CardinalStone Capital Advisers CCA, a manager of private equity funds in West Africa, has disclosed a $6 million investment in AfyA Care. The investment exemplifies CCAs philosophy of supporting firms with the potential for rapid growth and the capacity to have a beneficial impact on communities. AfyA Care, which was established in 2019, invests in Nigerian healthcare assets. The RJolad Hospital trademark is used by a portfolio of hospitals owned by the firm that total 215 beds. Additionally, it is building a hospital with 140 beds under the proposed Oakwood Medical Centre name. Read More..

B2B Tech News | 2 years ago        

Fintecture completes a funding round of 26 million euros

B2B transaction platform Fintecture gets €26 million in a Series A investment in order to overcome the constraints imposed by a 50yearold system tha

B2B transaction platform Fintecture gets €26 million in a Series A investment in order to overcome the constraints imposed by a 50yearold system that was designed around numerous intermediaries. Fintecture, a Parisbased provider of payment infrastructure, has raised €26 million in a Series A fundraising round. The startup wants to do rid of the constraints that were implied in the multiintermediary B2B transactions market that existed for 50 years. The startup is anticipated to benefit from the €26 million in all areas of operations. The technology allows about 7,000 firms to accept payments, the startup claims. Read More..

B2B Tech News | 2 years ago        

Twitter is reportedly poised to cut around 3,700 employees

Following Elon Musks purchase of Twitter last week, sources predict a 50% overall reduction in force, or around 3,700 workers. Bloomberg reports that

Following Elon Musks purchase of Twitter last week, sources predict a 50% overall reduction in force, or around 3,700 workers. Bloomberg reports that Musk is anticipated to demand that Twitter staff who had previously been permitted to work remotely now do so from Twitter offices in and around San Francisco. Musk was scheduled to meet with advisors on Wednesday night to finalise the details of a significant force reduction. Read More..

B2B Tech News | 2 years ago        

Constellr monitors water stress levels from space and raises $ 10 million

Constellr, a Fraunhofer Institute spinoff with headquarters in Freiburg, has raised $10 million in one of the biggest Seed investment rounds in the hi

Constellr, a Fraunhofer Institute spinoff with headquarters in Freiburg, has raised $10 million in one of the biggest Seed investment rounds in the history of the space industry. The firm helps to secure the worlds food supply by providing accurate and plotlevel water stress monitoring for the agricultural industry. Constellr will use the financing to build its first two satellites, complete its ongoing pilot programmes, and develop its processing platform in order to map all of the worlds crops. The group as a whole has participated in more than 20 space missions, including a number of constellations. Read More..

B2B Tech News | 2 years ago        

Inventure goes for round IV with €150 million fund

Inventure, based in Helsinki, has announced the second close of its fourth fund, raising €144 million out of a target of €150 million. Inventures

Inventure, based in Helsinki, has announced the second close of its fourth fund, raising €144 million out of a target of €150 million. Inventures new formula will offer B2B SaaS, fintech, deep tech, marketplaces, and consumer sector startups preseed to Series B ticket sizes ranging from €200,000 to €5 million. 60% of the fund is set aside for followon funding. Read More..

B2B Tech News | 2 years ago        

AUSTRAC appoints auditors for Sportsbet and Bet365 to fight financial crime

AUSTRAC, a federal agency that monitors financial crimes, has hired outside auditors to Sportsbet and Bet365, two online bookies. follows a probe into

AUSTRAC, a federal agency that monitors financial crimes, has hired outside auditors to Sportsbet and Bet365, two online bookies. follows a probe into Entain, the parent firm of Ladbrokes, which began in September of this year. Entains desire to obtain a TAB licence in Western Australia prompted the investigation. 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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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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