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Australias Inflation Stabilizes at 2.5% in January 2025

Given that the Consumer Price Index CPI increased by 2.5 per cent in the 12 months ending in January 2025, Australias inflation rate appears to be sta

Given that the Consumer Price Index CPI increased by 2.5 per cent in the 12 months ending in January 2025, Australias inflation rate appears to be stabilising. Housing +2.1%, food and nonalcoholic beverages +3.3%, and alcohol and tobacco +6.4% are the main causes of this increase. However, a notable 11.5% drop in electricity prices helped to counterbalance the overall increase. With both increasing pressures in some areas and relief in others, these numbers point to a balanced inflationary tendency. To inform its choices on monetary policy, the Reserve Bank of Australia is keeping a careful eye on these developments. Read More..

B2B Tech News | 2 months ago        

India and U.S. Begin Talks to Finalize Bilateral Trade Agreement Framework

Beginning this week, a threeday conference between the U.S. and India will finalise the parameters and outline of a bilateral trade agreement. The agr

Beginning this week, a threeday conference between the U.S. and India will finalise the parameters and outline of a bilateral trade agreement. The agreements initial phase, which is anticipated to concentrate on goods trade, will be finished by the autumn of 2025. Economic integration, tariff reduction, and trade predictability are the goals of this programme. By 2030, both countries want to quadruple their bilateral trade to $500 billion, with a focus on reciprocal advantages and easy negotiations. An important step towards deepening commercial connections between the two nations is represented by the talks. Read More..

B2B Tech News | 2 months ago        

Grab Seeks $2 Billion Loan to Back Potential GoTo Group Acquisition

Grab is allegedly looking for a $2 billion loan to finance its possible acquisition of GoTo Group in Indonesia. Described as a "bridge loan," negotiat

Grab is allegedly looking for a $2 billion loan to finance its possible acquisition of GoTo Group in Indonesia. Described as a "bridge loan," negotiations are still in their early stages, and the loan is anticipated to have a 12month term. Grab also looks at other funding options like bonds or stocks following loan approval. Despite the fact that no official deal has been struck, Grab and GoTo are still in the midst of merger talks. The merger of two prominent ridehailing and fooddelivery companies might drastically alter Southeast Asias digital scene if the transaction is successful. Read More..

B2B Tech News | 2 months ago        

DBS Group Leads Race to Acquire Controlling Stake in Indonesias Panin Bank

According to reports, the competition to take over Indonesias Panin Bank is being led by DBS Group, the biggest bank in Southeast Asia in terms of ass

According to reports, the competition to take over Indonesias Panin Bank is being led by DBS Group, the biggest bank in Southeast Asia in terms of assets. The Gunawan family and Australias ANZ share a combined $1.8 billion interest in Panin Bank, Indonesias 12th largest lender, of which almost 86% is offered for sale. Binding bids are anticipated by late April or early May, and DBS is vying with Malaysias CIMB Group in the bidding process. If successful, this acquisition will place DBS among the top 10 banks in Indonesia and be the first significant transaction under the new CEO, Tan Su Shan. Private wealth management and consumer lending are two of Panin Banks many business ventures. Read More..

B2B Tech News | 2 months ago        

Taiwan Defends Trade Policies Amid U.S. Tariff Threats

Amid possible U.S. tariffs aimed at nations with large trade surpluses, Taiwans central bank has defended its currency and trade policy. Thanks to hig

Amid possible U.S. tariffs aimed at nations with large trade surpluses, Taiwans central bank has defended its currency and trade policy. Thanks to hightech exports like semiconductors, Taiwans trade surplus with the United States increased by 83% last year to a record $111.4 billion. The central bank stressed that its currency rate policy seeks to preserve market stability rather than get unfair trade benefits. It ascribed this to structural causes, such as the rise in U.S. demand for Taiwanese goods. Because of its excess, Taiwan has been placed on the U.S. Treasurys foreign exchange "monitoring" list. The bank warned that tariff hikes could impede growth and increase inflation, voicing concerns about their effects on the world economy. This demonstrates the fine balance in trade relations between the United States and Taiwan. Read More..

B2B Tech News | 2 months ago        

Australia FastTracks A$1 Billion Defense Spending to Boost Military Capabilities

To improve military capabilities, Australia intends to expedite A$1 billion in defence spending in its next federal budget. The construction of an AUK

To improve military capabilities, Australia intends to expedite A$1 billion in defence spending in its next federal budget. The construction of an AUKUS submarine base, the purchase of Precision Strike Missiles and High Mobility Artillery Rocket Systems, and the production of guided weapons are important projects. Australias longrange strike capabilities and regional mobility are intended to be strengthened by these actions. Australias will to fortify its defence infrastructure in the face of changing security threats is reflected in the decision. Read More..

B2B Tech News | 2 months ago        

South Africas G20 Presidency Focuses on Solidarity, Equality, and Sustainability

Speaking to the UN plenary, South Africas G20 Sherpa, Zane Dangor, outlined the countrys goals for the G20 Presidency December 2024–November 2025. T

Speaking to the UN plenary, South Africas G20 Sherpa, Zane Dangor, outlined the countrys goals for the G20 Presidency December 2024–November 2025. The theme "Solidarity, Equality, Sustainability" strongly emphasises inclusive, peoplecentred development. Dangor emphasised the need for debt sustainability for lowincome countries, disaster resilience, equitable treatment, and reducing high capital costs for developing nations. He also stressed the importance of harnessing vital minerals for sustainable growth and funding just energy transitions. To increase Africas influence in global governance, the African Unions admission to the G20 was hailed. Emphasis was placed on collaborations such as the Just Energy Transition Partnership to highlight the G20s role in climate action and reaching the 1.5°C temperature target. Read More..

B2B Tech News | 2 months ago        

Kenya Seeks New IMF Lending Program to Address Fiscal Challenges

Kenya has applied for a new IMF credit programme to employ unused cash from its current arrangement, which both parties decided to terminate early owi

Kenya has applied for a new IMF credit programme to employ unused cash from its current arrangement, which both parties decided to terminate early owing to time restrictions. John Mbadi, the finance minister, denied rumours of problems with the IMF by clarifying that the decision was not the result of unmet targets. Out of the $3.6 billion Extended Credit Facility and Extended Fund Facility, almost $800 million is still unused. A successor programme is being discussed and is anticipated to be launched in July of the following fiscal year. The IMF recognises stronger economic fundamentals in Kenya as the government seeks to address budgetary issues and rising debtservicing costs. This action demonstrates Kenyas attempts to maintain monetary stability in financial strain. Read More..

B2B Tech News | 2 months 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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