BUSINESS NEWS
Bidens antiChina investments may not deter US VCs
Chinas effort to take the lead in AI appears to be a top priority for the Biden administration. Aimen Mir, the former chair of the Committee on Foreig
Chinas effort to take the lead in AI appears to be a top priority for the Biden administration. Aimen Mir, the former chair of the Committee on Foreign Investment in the United States under Obama, told me that potential limitations on American investments in China related to cuttingedge technology that might have military applications might not have a significant impact on venture capital flows between the two nations. B2B Tech News | 2 years ago
Singapore introduces new emission standards for fossil fuel power plants
In 2023, Singapores energy regulator will establish new emissions criteria for fossil fuelfired power plants. In the upcoming months, the Energy Marke
In 2023, Singapores energy regulator will establish new emissions criteria for fossil fuelfired power plants. In the upcoming months, the Energy Market Authority will have consultations with the sector. A law that was passed last year allowing the EMA to set greenhouse gas emissions guidelines is being put into effect with new regulations. B2B Tech News | 2 years ago
European business communications provider Dstny acquires easybell
easybell is a seasoned telecommunications service provider with a cuttingedge sales and marketing strategy. They are ideally positioned to head the Ds
easybell is a seasoned telecommunications service provider with a cuttingedge sales and marketing strategy. They are ideally positioned to head the Dstny operations in Germany, with € 28 million in revenues, 75 workers, and completely automated processes. Dstny and easybell share the same panEuropean goal, and by joining forces, we can greatly accelerate our internationalisation process, says Dr. Andreas Bahr, CEO of easybell. B2B Tech News | 2 years ago
Chubb Announces Third Quarter Financial Results
Marktomarket losses on derivatives and private equities, along with sales of fixed income assets, reduced the insurance company Chubbs net income. Rea
Marktomarket losses on derivatives and private equities, along with sales of fixed income assets, reduced the insurance company Chubbs net income. Realized losses of US$502 million after taxes, mostly as a result of derivative and private equity losses, had a negative impact on net income. In comparison to 93.4%, the P&C property and casualty combined ratio was 93.1%. B2B Tech News | 2 years ago
The cryptocurrency industry is disappointed that Australia wants to fix tax rules
The crypto industry is disappointed by Australias decision to continue taxing digital currencies as assets rather than foreign currency. In its budget
The crypto industry is disappointed by Australias decision to continue taxing digital currencies as assets rather than foreign currency. In its budget announcement on Tuesday, the government stated that it would introduce legislation to codify the treatment of digital currencies such as Bitcoin as assets. In Australia, the crypto sector is largely unregulated, and the Treasury announced in August that it would prioritise token mapping work, which will help identify how crypto assets and related services should be regulated. El Salvador has suffered significant economic losses as a result of the massive drop in cryptocurrency prices. B2B Tech News | 2 years ago
Telefonicas Brazilian thirdquarter profit jumped more than 9%
On Friday, Telefonica Brasil reported a higher thirdquarter net profit, up 9.3% from the same period last year. During the JulySeptember period, the c
On Friday, Telefonica Brasil reported a higher thirdquarter net profit, up 9.3% from the same period last year. During the JulySeptember period, the companys net income was 1.436 billion reais $270.15 million. Telefonica continues to acquire new customers from Ois mobile unit, which it agreed to acquire in 2020. Telefonicas thirdquarter profit increased by more than 9%. Reuters The GSMAs 2022 Mobile World Congress will be held in Barcelona. The logo of the Spanish telecom company Telefonica is seen on February 28, 2022, during the GSMAs 2022 Mobile World Congress MWC in Barcelona, Spain. B2B Tech News | 2 years ago
MercedesBenz sells the shares of the Russian subsidiaries to a local investor
Mercedes is the latest Western company to exit Russia. In early March, the Germanbased company stopped manufacturing in and exporting to the country.
Mercedes is the latest Western company to exit Russia. In early March, the Germanbased company stopped manufacturing in and exporting to the country. However, it has announced that it will withdraw from the Russian market and sell shares in its subsidiaries to a local investor. This follows the withdrawal of Starbucks, McDonalds, and CocaCola earlier this year. B2B Tech News | 2 years ago
Turkish Competition Authority Fines Meta Platforms $18.6 Million
Meta Platforms Inc., the parent company of Facebook, was penalised by Turkeys competition regulator $18.63 million for violating the legislation. The
Meta Platforms Inc., the parent company of Facebook, was penalised by Turkeys competition regulator $18.63 million for violating the legislation. The business held a commanding position in online video advertising and personal social networking services. In order to restore competition in these markets, Meta must take action and create annual reports for the following five years. Last Monday, Turkey passed a bill that will sentence social media users to three years in prison if they promote disinformation. B2B Tech News | 2 years agoGet The News to use newsletter to
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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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