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BUSINESS NEWS

U.S. and China Officials Hold First InPerson Meeting on Financial Stability

The new working group on financial stability and capital markets concerns is holding its first inperson meeting in China, with officials from the U.S.

The new working group on financial stability and capital markets concerns is holding its first inperson meeting in China, with officials from the U.S. Treasury and Chinese Finance Ministry beginning a twoday discussion in Beijing. Topics include multinational financial institutions, crossborder transfers, and collaboration in the fight against drug trafficking and money laundering will be discussed. In September, the two economic powers reaffirmed their involvement with each other by establishing a working group and a parallel economic panel. The Treasury Assistant Secretary for International Finance, Brent Neiman, the Undersecretary for Domestic Finance, Nellie Liang, and the Director of Financial Crimes Enforcement, Andrea Gacki, are leading the financial negotiations on the American side. Read More..

B2B Tech News | 3 months ago        

Reddit Plans IPO Launch in March After Three Years of Consideration

According to reports, social networking giant Reddit will make its first public offering IPO in March after more than three years of deliberation. Wit

According to reports, social networking giant Reddit will make its first public offering IPO in March after more than three years of deliberation. With Pinterests launch in 2019, this would be the first big social media firm to go public. In the IPO, Reddit, projected to be worth $10 billion in 2021, plans to sell around 10% of its shares. The business, wellknown for its specialised discussion groups, mostly makes money from advertising and provides premium access. Despite having yet to profit, Reddit projected that its advertising income will reach just over $800 million by 2023. Read More..

B2B Tech News | 3 months ago        

U.S. Designates Houthi Rebels as Terrorists After Red Sea Attacks

After they assaulted a second Americanoperated vessel in the Red Sea, the Houthi rebels, who are headquartered in Yemen, were branded as terrorists by

After they assaulted a second Americanoperated vessel in the Red Sea, the Houthi rebels, who are headquartered in Yemen, were branded as terrorists by the United States. In reaction to US and British bombings, the Houthis, who are aligned with Iran, declare their support for the Palestinian people and vow to launch further attacks. The US military carried out new strikes against the Houthi rockets that were a danger. Major powers have been impacted as commerce between Asia and Europe has stalled due to shipping problems. Attacks by the Houthis cast doubt on the security of the Red Sea, forcing shipping companies such as Maersk to reroute ships and clogging up the worlds supply chains. Italy proposes an EU mission for marine security. Extended assaults might result in a lack of tankers. Read More..

B2B Tech News | 3 months ago        

BYD Launches Three Electric Vehicle Models in Indonesia

The worlds largest electric car manufacturer, BYD of China, has debuted three batteryelectric vehicles in Indonesia as part of its strategy to increas

The worlds largest electric car manufacturer, BYD of China, has debuted three batteryelectric vehicles in Indonesia as part of its strategy to increase its market share in the largest economy in Southeast Asia. With most of its sales in China, BYD overtook Tesla as the leading global electric vehicle manufacturer in the fourth quarter. With a $1.3 billion investment in facilities capable of producing 150,000 vehicles, the business hopes to take advantage of Indonesias booming demand for electric vehicles. Indonesia is pushing hard to adopt electric vehicles and draw capital to support regional supply chains and battery manufacturing. Read More..

B2B Tech News | 3 months ago        

TSMC Forecasts Over 20% Revenue Growth Driven by AI Demand

The biggest contract chipmaker in the world, Taiwan Semiconductor Manufacturing Co. Ltd. TSMC, has forecasted stable capital investment for the curren

The biggest contract chipmaker in the world, Taiwan Semiconductor Manufacturing Co. Ltd. TSMC, has forecasted stable capital investment for the current year and expects over 20% revenue growth driven by Artificial Intelligence AI demand. In addition to announcing plans to increase its worldwide production footprint, including the anticipated start of building at its fab site in Germany later this year, TSMC also posted a quarterly net profit above market forecasts. Despite beating market expectations, the corporation reported a 19% decline in net profit for October–December. TSMC anticipates sales growth in the low to mid20% range in US dollars in 2024. Read More..

B2B Tech News | 3 months ago        

Blackstone Expanding Singapore Private Equity Team to Capitalize on Southeast Asia Deals

Over the next two years, Blackstone, the worlds most prominent alternative asset manager, intends to treble the number of employees in its Singaporean

Over the next two years, Blackstone, the worlds most prominent alternative asset manager, intends to treble the number of employees in its Singaporean private equity operation. Through this development, the asset management hopes to become closer to its investor base, which consists of family offices, sovereign wealth funds, and private investors, as well as capitalise on the increasing number of deals in Southeast Asia. Due to economic and geopolitical unrest, Blackstone has opened offices in Singapore and is joining other international asset managers. With a minimum deal size of $150 million, the business concentrates on valueadded industry, consumer, healthcare, financial services, and technology. Read More..

B2B Tech News | 3 months ago        

Nigerias Dangote Petroleum Refinery Starts Production, Aiming for SelfReliance

The Dangote Petroleum Refinery in Nigeria, Africas largest oil refinery, has started operations, which is a significant step forward for the refining

The Dangote Petroleum Refinery in Nigeria, Africas largest oil refinery, has started operations, which is a significant step forward for the refining capability of the area. The $19 billion plant, owned by Nigerian businessman Aliko Dangote, can generate 650,000 barrels of gasoline daily and already produces aviation fuel and diesel. Nigeria has historically imported refined petroleum products, a significant oil producer. With 40% more fuel available for export, the Dangote refinery hopes to meet Nigerias domestic demands for kerosene, petrol, diesel, and aviation jet fuel. The facility is essential to Nigerias ability to refine itself independently. Read More..

B2B Tech News | 3 months ago        

Vodafone and Microsoft Forge $1.5 Billion AI Partnership for Customer Services and IoT Expansion

Vodafone and Microsoft have partnered for ten years to offer cloud, digital, enterprise, and generative AI services to more than 300 million customers

Vodafone and Microsoft have partnered for ten years to offer cloud, digital, enterprise, and generative AI services to more than 300 million customers and organisations in Europe and Africa. Vodafone invested $1.5 billion in customerfocused AI created using Microsofts Copilot and Azure OpenAI technology. Microsoft has agreed to invest stock in Vodafones managed IoT platform, which is scheduled to be spun off as a separate company by April 2024. Microsoft will also help expand Vodafones mobile finance platform throughout Africa. The collaboration intends to improve IoT and financial services capabilities while utilising AI to revolutionise client services. 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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