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U.S. and South Korea Race to Finalize Tariff Deal Before July 8 Deadline

After a highlevel discussion between U.S. Commerce Secretary Howard Lutnick, U.S. Trade Representative Jamieson Greer, and South Koreas Trade Minister

After a highlevel discussion between U.S. Commerce Secretary Howard Lutnick, U.S. Trade Representative Jamieson Greer, and South Koreas Trade Minister Yeo Hankoo, the U.S. and South Korea have reaffirmed their commitment to achieving a tariff agreement as quickly as feasible. In particular, South Korea is requesting exclusions from President Trumps "reciprocal" duties on steel and autos. Discussions are taking place in advance of the temporary suspension of a 25% countryspecific duty expiring on July 8. Economic security, investment cooperation, and nontariff trade obstacles are among the other traderelated topics being discussed by both parties. Due to pressure from U.S. tariffs and political unrest at home, South Koreas exportdriven economy may be greatly impacted by the outcome. Read More..

B2B Tech News | 7 months ago        

Adani’s Mumbai Airport Secures $750M From Apollo to Refinance Debt, Boost Growth

A group headed by Apollo Global Management has invested $750 million in Adanis Mumbai International Airport Ltd MIAL in order to improve operational f

A group headed by Apollo Global Management has invested $750 million in Adanis Mumbai International Airport Ltd MIAL in order to improve operational flexibility and repay current debt. An additional $250 million may be raised as part of the agreement for capacity expansion and infrastructure improvements. The money will help achieve environmental objectives, such as achieving netzero emissions by 2029, and support modernisation initiatives at Chhatrapati Shivaji Maharaj International Airport, the countrys secondlargest airport. By March 2027, MIAL, an Adani Airport Holdings company, is anticipated to be spun off and go public. Apollos second significant investment in MIAL strengthens the trust of international investors in Adanis infrastructure plan. Read More..

B2B Tech News | 7 months ago        

U.S.Africa Summit Tackles AGOA Renewal and Deeper Economic Ties in Luanda

As the African Growth and Opportunity Act AGOA approaches its 2025 expiration, policymakers are reevaluating the future of economic relations between

As the African Growth and Opportunity Act AGOA approaches its 2025 expiration, policymakers are reevaluating the future of economic relations between the United States and Africa at the 17th U.S.Africa Business Summit in Luanda, Angola. The Corporate Council on Africa is hosting the summit, which brings together business executives, U.S. officials, and African heads of state to talk about economic cooperation, trade, and investment. Renewing AGOA, increasing US energy, infrastructural, and financial investment, and supporting regional integration initiatives like Angolas Lobito Corridor are important subjects. The African Unions current chair, Angola, is utilising the occasion to highlight its economic reforms and pressure Washington to make longterm trade promises. Read More..

B2B Tech News | 7 months ago        

Haveli to Acquire Couchbase for $1.5B in AI Database Infrastructure Bet

A $1.5 billion allcash agreement has been reached for Haveli Investments to purchase AIfocused database company Couchbase. The transaction will give C

A $1.5 billion allcash agreement has been reached for Haveli Investments to purchase AIfocused database company Couchbase. The transaction will give Couchbase stockholders $24.50 per share, which is 29% more than its June 18 pricing and 67% more than its closing price on March 27. The deal will take Couchbase private and gives the business till June 23 to "goshop" for other offers. Currently holding a 9.6% stake, Haveli views Couchbases platform as a crucial facilitator of nextgeneration AI applications, especially for businesses in need of scalable, highperformance data infrastructure. In light of the growing need for realtime, multimodal data management, the purchase shows increased investor interest in AInative database technologies. Read More..

B2B Tech News | 7 months ago        

U.S. Strikes on Iran’s Nuclear Sites Spark Fears of Oil Shock and Inflation Surge

The U.S. bombing of Irans nuclear facilities has caused new economic concern worldwide, with economists predicting slower consumer spending, inflation

The U.S. bombing of Irans nuclear facilities has caused new economic concern worldwide, with economists predicting slower consumer spending, inflationary pressures, and even hikes in oil prices. President Trump praised the strikes as a "spectacular military success," but there were concerns about escalation as Iran threatened retribution. A disruption in the Strait of Hormuz could cause rising energy prices to boost U.S. inflation towards 4% and postpone the anticipated Fed rate reduction, according to economists. The labour market has already begun to improve, and future consumer spending and unemployment claims data will be closely monitored. If longterm regional stability results from the strikes, some investors see a bright side, but for the time being, the market mood is dominated by volatility and caution. Read More..

B2B Tech News | 7 months ago        

India Unveils FourLane FTA Strategy Targeting U.S., EU, and MineralRich Nations

Indias fourlane Free Trade Agreement FTA strategy targets its neighbours, developing economies, mineralrich countries, and wealthy nations. In additio

Indias fourlane Free Trade Agreement FTA strategy targets its neighbours, developing economies, mineralrich countries, and wealthy nations. In addition to discussions with Chile, Peru, Australia, and New Zealand, the first phase, which is anticipated to be completed by the end of the year, focuses on agreements with the US and the EU. By avoiding free trade agreements with nations that directly compete in the same product categories, the strategy places an emphasis on complementarities. Tariffs may be lowered on sensitive industries like alcohol and autos. In order to obtain vital minerals from allies like Australia and Gulf countries, India is also pursuing free trade agreements. China and Pakistan are not shown, although Sri Lanka and Mauritius are highlighted as neighbours. In order to maintain continuity and improve tariff utilisation, the government is also fortifying its training programs and negotiating teams. Read More..

B2B Tech News | 7 months ago        

Morocco to Reassess Turkey Trade Deal as Textile Imports Drive $3B Deficit

Moroccos trade deficit has increased significantly to $3 billion, mostly owing to imports of Turkish textiles, and the country is getting ready to rev

Moroccos trade deficit has increased significantly to $3 billion, mostly owing to imports of Turkish textiles, and the country is getting ready to review its 2004 free trade agreement with Turkey. The total trade imbalance reached $12 billion in the first four months of 2025, a 22.8% increase. During his visit to Turkey, Moroccan Trade Minister Omar Hjira will discuss possible alternatives, such as more Turkish investment in Morocco. Moroccan producers continue to rely significantly on Turkish products because of their affordability, superior quality, and consistent delivery, even in the face of past emergency tariffs of up to 90% on Turkish textiles. Experts advise Morocco to diversify its exports, increase its industrial competitiveness, and perhaps reexamine previous free trade agreements in order to attain longterm equilibrium. Read More..

B2B Tech News | 7 months ago        

IndiaUK FTA Sealed Over Ice Cream, Set to Double Trade to $120 Billion by 2030

During a casual stroll in Londons Hyde Park on May 2, 2025, India and the UK finalised their longawaited Free Trade Agreement FTA. UK Secretary Jonath

During a casual stroll in Londons Hyde Park on May 2, 2025, India and the UK finalised their longawaited Free Trade Agreement FTA. UK Secretary Jonathan Reynolds also gave Indian Commerce Minister Piyush Goyal a chocolate ice cream. Goyal described the accord as a “balanced agreement” that will quadruple bilateral trade to $120 billion by 2030 when he shared the story during the India Global Forum’s UKIndia Week. The Double Contribution Convention DCC, which was included in the FTA and finalised on May 6, exempts temporary employees from paying duplicate social security levies. Goyal compared the FTA to a "good marriage," highlighting its longterm advantages for bilateral commerce, investment, and joint ventures. Read More..

B2B Tech News | 7 months ago        



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