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U.S. Secretary of State Blinken Visits Côte dIvoire as Part of Africa Tour

During his trip to Africa, U.S. Secretary of State Antony Blinken stopped in Côte dIvoire and thanked the nation for its efforts to combat extremism.

During his trip to Africa, U.S. Secretary of State Antony Blinken stopped in Côte dIvoire and thanked the nation for its efforts to combat extremism. He announced increased financing for those governments through the tenyear U.S. Strategy to Prevent Conflict and Promote Stability for Coastal West African governments, totalling an unknown sum. The help, a portion of a roughly $300 million investment spread over two years, is meant to improve security and stability. President Alassane Ouattara emphasised their productive conversation and the difficult regional circumstances, including coups in nearby West African nations. The objectives of Blinkens Africa visit are to fortify alliances, tackle local problems, and advance stability. Next up are Angola and Nigeria. Read More..

B2B Tech News | 3 months ago        

Mapletree Logistics Trust Reports 1.5% YoY Increase in Q3 Net Property Income

In the third quarter of FY23/24, Mapletree Logistics Trust MLT reported a 1.5% yearoveryear net property income NPI growth to $159.5 million. More exc

In the third quarter of FY23/24, Mapletree Logistics Trust MLT reported a 1.5% yearoveryear net property income NPI growth to $159.5 million. More excellent contributions from acquisitions in Japan, South Korea, and Australia, as well as from alreadyexisting properties in Singapore, were the leading causes of the higher NPI and the 2.1% YoY rise in gross revenue to $184 million. The rise was, however, somewhat offset by worse performance in China and the lack of income from selling or redeveloping assets. The outcomes of MLT were also impacted by the devaluation of several currencies relative to the Singapore Dollar. Revenue and NPI would have increased by 4.8% and 4.1% YoY, respectively, on a constant currency basis. Read More..

B2B Tech News | 3 months ago        

Nokias Q4 Operating Profit Beats Expectations Amid 5G Equipment Sales Dip

Despite sluggish sales of 5G equipment, Nokia reported betterthanexpected operating earnings for the fourth quarter. The Finnish telecom equipment man

Despite sluggish sales of 5G equipment, Nokia reported betterthanexpected operating earnings for the fourth quarter. The Finnish telecom equipment manufacturer was able to control expenses, and it expects demand to pick up in the second half of 2024. Comparable net sales for Nokia fell 23% to 5.71 billion euros in the quarter, falling short of projections. In the second half of the year, the business anticipates increased network infrastructure sales and better profits as costcutting initiatives start to pay off. With cell providers cutting down on buying new 5G equipment, Nokia is operating in a challenging market. Read More..

B2B Tech News | 3 months ago        

Shein Investors Seek to Sell Shares, Valuation Drops to $45 Billion

According to reports, Sheins investors are trying to sell the Chinese online retailers shares on the private market for as little as $45 billion. This

According to reports, Sheins investors are trying to sell the Chinese online retailers shares on the private market for as little as $45 billion. This is a roughly 30% reduction from its valuation from around one month ago. Shein was valued between $45 billion and $55 billion by stock sales in late 2023, a significant decrease from its May fundraising round valuation of $66 billion. Shein has faced difficulties, such as legal battles with competitors and a cybersecurity assessment by Chinas Cyberspace Administration. Read More..

B2B Tech News | 3 months ago        

IMF Forecasts Burundis Economy to Expand by 4.3% in 2024

As opposed to 2.7% in 2023, the International Monetary Fund IMF predicts that Burundis GDP will grow by 4.3% in 2024. Prosperous investment, sustained

As opposed to 2.7% in 2023, the International Monetary Fund IMF predicts that Burundis GDP will grow by 4.3% in 2024. Prosperous investment, sustained reforms, and robust agricultural output are anticipated to underpin the rise. The nations economy is mainly based on agricultural exports, especially coffee and tea. Burundi has had economic difficulties recently, such as a scarcity of hard currency following a political crisis 2015 and the inflationary fallout from the conflict between Russia and Ukraine in 2022. The United States assistance commitments and the European Unions financial support have both resumed, which has helped the economy recover. Read More..

B2B Tech News | 3 months ago        

Saudi Arabias MultiBillion Dollar Investment to Transform into an Electric Vehicle Hub

As part of Crown Prince Mohammed bin Salmans strategy to diversify the economy, Saudi Arabia is investing billions to realise its goal of becoming a c

As part of Crown Prince Mohammed bin Salmans strategy to diversify the economy, Saudi Arabia is investing billions to realise its goal of becoming a centre for Electric Cars EVs. The government established an EV metals facility, introduced Ceer, Saudi Arabias EV brand, and invested $10 billion in Lucid Motors. By 2030, the Public Investment Fund PIF wants to have produced 500,000 EVs a year. The hurdles include the absence of a local industry to provide vehicle parts, the competitiveness of existing businesses, and the requirement to acquire raw materials like lithium. Despite the challenges, Saudi Arabia aims to increase its share of the expanding Electric Vehicle EV industry. Read More..

B2B Tech News | 3 months ago        

Global Investors Tactically Engaging with Chinese Stocks Amid Recent Decline

Global investors, who have been heavily shorting Chinese equities in recent years, are beginning to purchase or sell those companies more judiciously.

Global investors, who have been heavily shorting Chinese equities in recent years, are beginning to purchase or sell those companies more judiciously. Confident investors perceive the present low values and unfavourable mood as a chance to gain from a future increase in value. Although longterm capital has left Chinese stocks, new data indicates that investors are hesitant to join the market, particularly in light of the substantial selloff. Some believe the MSCI China index, which has dropped 60% in the last three years, is a skewed entry position with room for gain if sentiment turns around. Read More..

B2B Tech News | 3 months ago        

Santander Mexico Set to Launch Digital Bank Service "Openbank"

In the following months, Santander Mexico, the companys Mexican subsidiary, plans to introduce Openbank, a digital banking service. The digital produc

In the following months, Santander Mexico, the companys Mexican subsidiary, plans to introduce Openbank, a digital banking service. The digital product is almost ready for launch, obtaining its operating licence in July. Digital banks are gaining ground on traditional banks in Mexico, and Santanders decision aligns with the industrys general trend. Openbanks launch is an attempt to capitalise on Mexicos expanding digital banking industry. In the upcoming week, rival Banorte is also planning to introduce Banco Bineo, its digital banking service. Read More..

B2B Tech News | 3 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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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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