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CocaCola offers voluntary placements to certain employees in North America

In North America, CocaCola is providing voluntary buyouts to a portion of its employees. The business declined to specify which occupations or how man

In North America, CocaCola is providing voluntary buyouts to a portion of its employees. The business declined to specify which occupations or how many employees may be impacted or lost. It joins the list of businesses cutting staff costs in a slowing economy. Alfredo Rivera, the companys president of its North America division, announced his retirement earlier this year. Read More..

B2B Tech News | 3 years ago        

The turmoil in the energy market is shaking the European green energy plan

Market volatility is threatening Europes plan to roughly double renewable energy generation by the end of the decade. Russias war on Ukraine, as well

Market volatility is threatening Europes plan to roughly double renewable energy generation by the end of the decade. Russias war on Ukraine, as well as the disruption of Europes gas supplies, has accelerated the European Unions transition to carbonfree energy. It is in the process of negotiating a legally binding target of generating 45 percent of its energy from renewable sources by 2030. Read More..

B2B Tech News | 3 years ago        

At the end of the moment of strong investment growth, proptech Superdraft goes into liquidation

Superdraft, a business situated in the Gold Coast, has filed for bankruptcy. According to founder Mark Deacon, a term sheet for raising $18 million wa

Superdraft, a business situated in the Gold Coast, has filed for bankruptcy. According to founder Mark Deacon, a term sheet for raising $18 million was signed with a potential investor. In August, the agreement was delayed a third time, putting another coinvestment in doubt. Assets for the business are estimated to be around $77909. An estimated $2.16 million is owing to creditors, according to a list of creditors. Deacon If we knew this wasnt going to come through, we wouldnt have let it run that long or that far. Read More..

B2B Tech News | 3 years ago        

Stripe is laying off 14% of its staff due to the economic downturn

Global financial leader Stripe announced that it would reduce its workforce by 14% in an effort to prepare for leaner times. The founders of the com

Global financial leader Stripe announced that it would reduce its workforce by 14% in an effort to prepare for leaner times. The founders of the company, Stripe, stated in an email to staff that they want to match the speed of investment with current conditions, such as inflation, energy shocks, higher interest rates, smaller investment budgets, and scarcer startup funding. The company estimates that after the layoffs, its workforce would be reduced to just under 7,000 individuals. Read More..

B2B Tech News | 3 years ago        

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 | 3 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 | 3 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 | 3 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 | 3 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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