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BUSINESS NEWS

Politically sanctioned deal boosts Venezuelas oil production

The authorities in Caracas announced last week that the countrys oil exports had surpassed those of the previous month though overall production still

The authorities in Caracas announced last week that the countrys oil exports had surpassed those of the previous month though overall production still remained anchored below the 2021 average, just days after the administration of President Joe Biden made the decision to allow US oil major Chevron to return to Venezuela to add its technical weight to the boosting of the countrys oil industry. The nations oil exports totaled 619,300 barrels in the past month, which pales in comparison to the heyday of oil exports when the nation was said to have the greatest known oil deposits in the entire world. Read More..

B2B Tech News | 10 months ago        

Canadian discounter Zellers hopes to lure shoppers with nostalgia

Except for a few, most Zellers locations closed in 2013. All Zellers stores were closed by 2020. The discount retailer will be revived, according to

Except for a few, most Zellers locations closed in 2013. All Zellers stores were closed by 2020. The discount retailer will be revived, according to Hudsons Bay Company, which bought the name in 1973. The company is hoping that the positive memories Canadians have of the brand would encourage them to purchase there again. In Canada, Zellers had 350 locations by 1999. However, the rise of Walmart and the popularity of internet shopping had harmed Zellers, and by 2011, the company was forced to sell its final 189 stores to Target, another American retailer looking to expand into Canada. Read More..

B2B Tech News | 10 months ago        

Rio Tinto Completes $3.3 Billion Turquoise Hill Deal to Increase Stake in Project Mongolia

Rio Tinto Ltd announced on Friday that it has finished the protracted process of buying the final 49% of Turquoise Hill Resources TRQ.TO, giving the

Rio Tinto Ltd announced on Friday that it has finished the protracted process of buying the final 49% of Turquoise Hill Resources TRQ.TO, giving the AngloAustralian company a 66% ownership in Oyu Tolgoi, the largest known copper and gold mine in Mongolia. After months of debate, Turquoise Hill shareholders last week approved Rio Tintos $3.3 billion offer to buy out the Canadian business. Read More..

B2B Tech News | 10 months ago        

Gates and Bezos pay back $110 million Series C for braincomputer interface company Synchron

A brain computer interface BCI is being developed by Synchron to treat paralysis. By identifying and wirelessly communicating motor intent from the br

A brain computer interface BCI is being developed by Synchron to treat paralysis. By identifying and wirelessly communicating motor intent from the brain, this minimally invasive technology operates. Patients who are severely paralysed can use handsfree pointandclick to operate personal devices. The business is already conducting a US clinical study to evaluate how the technology will affect regular activities like texting, emailing, internet shopping, and telehealth services. The US Food and Drug Administration has already given it the Breakthrough Device designation. Read More..

B2B Tech News | 10 months ago        

Elon Musk sells another $3.6 billion worth of Tesla shares

Since announcing his acquisition of Twitter, the billionaire who gained control of the social media business in October has sold four tranches of shar

Since announcing his acquisition of Twitter, the billionaire who gained control of the social media business in October has sold four tranches of shares totaling about $23 billion. Since the beginning of the year, Teslas share price has decreased by 61%, outperforming comparable automakers like Ford or General Motors. Twitter suspended a user account on Wednesday for posting publicly accessible information about Elon Musks private jets travels. According to the Bloomberg Billionaires Index rating, the Tesla share price decline has been significant enough to cause Elon Musk to lose his prized title as the worlds richest person, moving to second place behind luxury tycoon Bernard Arnault. Read More..

B2B Tech News | 10 months ago        

Dominos Pizza expands its presence in Europe, South America

On Thursday, Dominos Pizza disclosed plans to expand into Latvia and Uruguay. The master franchisees Morgacita Ltd. and Alsea in Latvia and Uruguay, r

On Thursday, Dominos Pizza disclosed plans to expand into Latvia and Uruguay. The master franchisees Morgacita Ltd. and Alsea in Latvia and Uruguay, respectively, will manage the additional locations, which will be headquartered in the capitals of the two countries. The Michiganbased pizza restaurant is rapidly expanding its exposure to 100 international markets, which is helping to increase exUS sales, which now account for the majority of retail sales. According to Art DElia, executive vice president of Dominos International, establishing our brand in Uruguay and Latvia provides a tremendous potential for Dominos to continue growing globally. We have been on a mission to expand into more markets, including Uruguay and Latvia, and we look forward to welcoming new consumers there with our mouthwatering pizzas and excellent customer service. Read More..

B2B Tech News | 10 months ago        

BNP Paribas launches new private assets wing of 30 billion euros

A private asset management division has been established by BNP Paribas as part of its investment and protection services group. The €30 billion u

A private asset management division has been established by BNP Paribas as part of its investment and protection services group. The €30 billion unit, which will collaborate with BNP Paribas Corporate & Institutional Banking, the groups distribution networks, and IPSs private asset management expertise, will go into operation in January 2023. The French asset manager aspires to rise to the top of the European private asset management industry. The new unit, led by David Bouchoucha, will raise money from significant institutional and private investors and concentrate on both direct and indirect management. By combining the private asset management operations of Principal Investments with its affiliate BNP Paribas Agility Capital, the private asset management division will also offer fund selection guidance. Read More..

B2B Tech News | 10 months ago        

Egypt approves $5.5 billion green hydrogen project in Ain Sokhna

The government of Egypt announced on Wednesday that the cabinet has approved a permit for the construction of a green ammonia project with a 1 million

The government of Egypt announced on Wednesday that the cabinet has approved a permit for the construction of a green ammonia project with a 1 million tonne annual production capacity in the Ain Sokhna industrial zone. The ministry noted in a statement that the project, by Egypts Green Ammonia Company, will cost about $5.5 billion and provide about 10600 employment throughout the construction and operation phases. Read More..

B2B Tech News | 10 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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