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GoTo could cut 1,000 jobs due to the economic slowdown

According to Bloomberg, Indonesian computer powerhouse GoTo Group is planning to shed over 1,000 workers as it reduces burn during the current economi

According to Bloomberg, Indonesian computer powerhouse GoTo Group is planning to shed over 1,000 workers as it reduces burn during the current economic crisis, citing people familiar with the matter. According to the sources, the decrease will affect personnel from all functions and will effect around 10% of GoTos workforce. GoTo was founded by a merger of Gojek and Tokopedia. Read More..

B2B Tech News | 3 years ago        

The Australian Albanian hopes to ask Xi to lift trade restrictions

If the two leaders meet for the first time this month, Anthony Albanese plans to persuade Chinese President Xi Jinping to lift trade restrictions on b

If the two leaders meet for the first time this month, Anthony Albanese plans to persuade Chinese President Xi Jinping to lift trade restrictions on billions of dollars worth of exports. After years of strained relations, the Australian leader says he wants to build a relationship with China based on cooperation and the common good. Recent years have seen a deterioration in the two nations relations due to a number of disagreements, notably the COVID19 epidemic and human rights concerns. Since 2020, China has imposed restrictions on Australian exports worth billions of dollars. Read More..

B2B Tech News | 3 years ago        

Vietnams F88 secures $60m loan, plans to go public by 2024

F88, a financial services startup with headquarters in Vietnam, claimed to have obtained a US$50 million loan from Lending Ark as well as an additiona

F88, a financial services startup with headquarters in Vietnam, claimed to have obtained a US$50 million loan from Lending Ark as well as an additional US$10 million loan from Lendable. F88 stated in a statement that due to a delay in corporate bond issuances in Vietnam, the company must diversify its sources of funding. The startup currently has 800 locations nationwide, and by 2024, when it might file for an IPO, it hopes to have 1,400 locations. In order to enable customers to quickly obtain loans to finance their electronics purchases, it established a partnership with Mobile World, the largest electronics retailer in Vietnam, in 2021. Read More..

B2B Tech News | 3 years ago        

UK economy shrinks as economists warn of further suffering

According to the Office for National Statistics, between July and September, the economy fell by 0.2%. Although the decrease was less severe than anti

According to the Office for National Statistics, between July and September, the economy fell by 0.2%. Although the decrease was less severe than anticipated, experts predict more contraction for many months to come. As a result of Russias invasion of Ukraine, food and energy prices are rising, which is hurting Britains economy. Read More..

B2B Tech News | 3 years ago        

Australia the market climbs to its highest level in five months

The benchmark S&P/ASX200 index was at its highest level in five months at closing bell, up 193.94 points, or 2.78%, to 7,157.95. Overall, 10 out of 11

The benchmark S&P/ASX200 index was at its highest level in five months at closing bell, up 193.94 points, or 2.78%, to 7,157.95. Overall, 10 out of 11 sectors experienced declines, with the information technology industry outperforming others up 5%. The big four banks gained between 1.1% and 2% as financials soared 2.1%. After reaching an agreement with Tennis Australia to broadcast The Australian Open and other regional competitions until 2029, Nine Entertainment shares increased by 4%. Read More..

B2B Tech News | 3 years ago        

United give drivers 5% pay rises earlier, citing return to profitability

In accordance with a pandemic costreduction deal, United Airlines is granting pilots 5% raises. A new contract is being discussed between the Chicagob

In accordance with a pandemic costreduction deal, United Airlines is granting pilots 5% raises. A new contract is being discussed between the Chicagobased carrier and the Air Line Pilots Association. At United and other carriers, communication has been challenging. Next week, United pilots intend to picket in front of their flight school. Read More..

B2B Tech News | 3 years ago        

COP27 AfDB and partners launch $10 billion green infrastructure fund

For project planning and development, the Alliance for Green Infrastructure in Africa AGIA will generate $500 million, which will be leveraged into a

For project planning and development, the Alliance for Green Infrastructure in Africa AGIA will generate $500 million, which will be leveraged into a $10 billion fund. Within a 36 year timeframe, the programme will concentrate on worthwhile initiatives that demonstrate increased collaboration between public and private sector actors. Africa had the lowest share of any region in the world, at 0.26%, of the $623 billion in green bonds issued in 2021. Read More..

B2B Tech News | 3 years ago        

Telstra, TPG and Optus fined millions for misleading customers

Due to their misrepresentations to customers regarding the speed of the Internet, Telstra, Optus, and TPG have been fined. The companies were penalise

Due to their misrepresentations to customers regarding the speed of the Internet, Telstra, Optus, and TPG have been fined. The companies were penalised for making false or deceptive claims when offering 50Mbps and 100Mbps NBN subscriptions to around 120,000 clients. Some clients were unable to ever reach the promised speeds. While Optus was instructed to update its current compliance program, TPG was given the goahead to implement an ACL compliance program. Read More..

B2B Tech News | 3 years 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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