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Goldman Sachs Predicts Oil Price Decline Through 2026 Amid Surplus Concerns

Due to massive stockpiles and slow demand growth, Goldman Sachs predicts that oil prices will continue to fall through 2026. Analysts estimate the exc

Due to massive stockpiles and slow demand growth, Goldman Sachs predicts that oil prices will continue to fall through 2026. Analysts estimate the excess will reach 800,000 barrels per day in 2025 and 1.4 million barrels per day in 2026. While WTI may drop to $55 per barrel, Brent crude is predicted to average $63 per barrel in 2025 and $58 per barrel in 2026. Trade disputes, OPEC+ loosening supply restrictions, and poor global economic development are the main causes of the decline. Goldman Sachs cautions that Brent prices may fall to about $40 if OPEC+ reverses the voluntary output curbs. This forecast shapes expectations for the oil market in the upcoming years by highlighting worries about oversupply and recession risks. Read More..

B2B Tech News | 4 months ago        

Onodera Calls for Yen Strengthening to Address Rising Living Costs in Japan

Itsunori Onodera, the chair of the Liberal Democratic Partys Policy Research Council, has urged action to fortify the yen, pointing to its depreciatio

Itsunori Onodera, the chair of the Liberal Democratic Partys Policy Research Council, has urged action to fortify the yen, pointing to its depreciation as a contributing factor to rising living expenses. Increasing Japans industrial competitiveness is a crucial priority, according to Onodera. Emphasising the value of preserving close ties with the United States, he also opposed proposals to use Japans U.S. Treasury holdings as leverage in trade meetings. In the leadup to bilateral trade talks, currency policy is anticipated to be a key topic. Read More..

B2B Tech News | 4 months ago        

Argentina Eases Currency Controls Ahead of $20 Billion IMF Agreement

Ahead of a $20 billion IMF agreement, Argentina has announced a significant change in its foreign exchange policy, lifting longstanding currency contr

Ahead of a $20 billion IMF agreement, Argentina has announced a significant change in its foreign exchange policy, lifting longstanding currency controls. In place of the previously strictly regulated regime, the central bank will permit the peso to fluctuate within a moving range of 1,000 to 1,400 pesos per dollar. Argentina will also remove the "dollar clamp" and other limitations on access to foreign currencies that have restricted financial transactions. To recapitalise the central bank and stabilise reserves, the IMF accord calls for an initial $12 billion transfer. In contrast to Argentinas prior monetary policies, officials anticipate that these actions will increase investment and economic growth. Read More..

B2B Tech News | 4 months ago        

South African Businesses Brace for VAT Hike Starting May 1, 2025

Businesses in South Africa are bracing for a twoyear, onepercentagepoint increase in VAT scheduled to take effect on May 1, 2025. The 15% increase wil

Businesses in South Africa are bracing for a twoyear, onepercentagepoint increase in VAT scheduled to take effect on May 1, 2025. The 15% increase will especially impact small businesses, resulting in price adjustments and declining profit margins. Despite government efforts to increase the number of zerorated items, economists caution that the tax increase may reduce consumer expenditure, impacting middle and lowerincome households. The surge occurs during a difficult period when trade uncertainties, power outages, and economic instability burden firms. While some businesses see potential for adaptation, others worry that the tax burden would make an already precarious economy even more financially burdensome. To counteract such disruptions, business leaders are requesting incentives and regulatory help. Read More..

B2B Tech News | 4 months ago        

Luxon Advocates for CPTPP and EU Collaboration Amid Global Trade Disruptions

In light of the interruptions to global commerce brought on by U.S. tariffs, New Zealand Prime Minister Christopher Luxon is scheduled to meet with fo

In light of the interruptions to global commerce brought on by U.S. tariffs, New Zealand Prime Minister Christopher Luxon is scheduled to meet with foreign leaders to support rulesbased free trade. The Comprehensive and Progressive Agreement for TransPacific Partnership CPTPP will be strengthened, and Luxon intends to explore cooperation with the European Union. He stressed the significance of standing up for the institutions that support New Zealands economic interests. Later this month, Luxon is scheduled to travel to the United Kingdom to meet with Prime Minister Keir Starmer to address geopolitical, trade, and security issues. This programme is an example of New Zealands proactive approach to fostering international collaboration and overcoming trade obstacles. Read More..

B2B Tech News | 4 months ago        

EU Approves $23 Billion in Retaliatory Tariffs on U.S. Goods

With a target value of $23 billion, the European Union has authorised its first round of retaliatory taxes on U.S. imports. A reaction to U.S. tariffs

With a target value of $23 billion, the European Union has authorised its first round of retaliatory taxes on U.S. imports. A reaction to U.S. tariffs on European steel, aluminium, and other goods, these measures include taxes ranging from 10% to 25%. The European Union maintained that these countermeasures are required to safeguard its economic interests, although it nevertheless emphasised its preference for negotiated solutions. The tariffs will be applied gradually beginning on 15 April and may be halted in the event that a fair deal with the United States is struck. This action demonstrates how the two economic powers trade tensions are growing. Read More..

B2B Tech News | 4 months ago        

India and Russia Agree on Six Strategic Projects to Boost Bilateral Investment

To strengthen their bilateral investment cooperation, India and Russia have reached an agreement on six important new projects. When the IndiaRussia W

To strengthen their bilateral investment cooperation, India and Russia have reached an agreement on six important new projects. When the IndiaRussia Working Group on Priority Investment Projects IRWGPIP met for the eighth time in New Delhi, this decision was made. The meeting reviewed previous sessions results and concentrated on promoting joint projects in areas of shared interest. The two countries reiterated their dedication to deepening economic relations and extending investment cooperation. Over 80 companies, including financial institutions and entrepreneurs, participated in the IndiaRussia Investment Forum that followed the conference. Read More..

B2B Tech News | 4 months ago        

Anthropic Launches $200 Claude Max Plan for Power Users in Generative AI

Anthropics Claude chatbot, which caters to power users who need strong generative AI capabilities, has a $200 monthly subscription option. The $20 Pro

Anthropics Claude chatbot, which caters to power users who need strong generative AI capabilities, has a $200 monthly subscription option. The $20 Pro plans usage limitations are doubled with this new "Max" package, which also gives you priority access to Anthropics newest models and features. This move is perceived as a direct response to ChatGPT Pro, a $200/month service offered by OpenAI. Anthropic intends to serve professionals in domains like marketing, financial services, and coding, highlighting the expanding need for cuttingedge AI solutions across multiple industries. This programme showcases Anthropics efforts to increase its market presence and the competitive environment of generative AI. Read More..

B2B Tech News | 4 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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