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Theft Line into Sea at Nigerian Oil Export Terminal for 9 Years

According to the Nigerian National Petroleum Company NNPC, an illicit oil connection from Forcados Terminal that was active for nine years has been di

According to the Nigerian National Petroleum Company NNPC, an illicit oil connection from Forcados Terminal that was active for nine years has been discovered. Shell is in charge of running the Forcados terminal. A fourkilometer illegal oil connection line from Forcados Terminal into the sea that had been in use for nine years, according to Mallam Mele Kyari, Group Managing Director of NNPC, was discovered during a crackdown in the last six weeks. Despite the fact that oil theft has been a problem in the nation for over 22 years, Kyari said that the scale and pace at which it has increased recently is unprecedented. Read More..

B2B Tech News | 2 years ago        

In a round lead by Accel, the UKbased business information platform Lightdash raises $8.4 million.

Lightdash, a UKbased startup that makes business intelligence accessible by integrating seamlessly with all of your data tools, has raised a seed roun

Lightdash, a UKbased startup that makes business intelligence accessible by integrating seamlessly with all of your data tools, has raised a seed round worth $8.4 million just before it makes its beta available to the general public.The money will go toward the development of the platforms new features, recruiting new staff, and the beta release of Lightdash Cloud.Guy Podjarny, the creator of the cyber security company Snyk, Ashley Kramer, the CMO of GitLab, Tristan Handy, the founder of dbt, and Lars Bjork, the former CEO of Qlik, all contributed as angel investors to the funding round, which was led by Accel. The lineup is completed by earlystage investors Y Combinator and Moonfire. Read More..

B2B Tech News | 2 years ago        

How banks can help South Africa avoid the gray list

After the Inflation Reduction Act IRA, which includes consumer tax incentives for purchasing EVs with battery material made in the United States, was

After the Inflation Reduction Act IRA, which includes consumer tax incentives for purchasing EVs with battery material made in the United States, was passed, the demand for domestically produced batteries hit new peaks. To meet this demand, strengthen their own supply networks, and be eligible for IRA incentives, battery manufacturers are scrambling to seize vacant land and build factories. This week, Michigan added two additional projects. Read More..

B2B Tech News | 2 years ago        

IBM Helps China to Deal with Tech Competition

During one of them, he warned that Russian President Vladimir Putins threat to use nuclear weapons as his Ukrainian invasion has failed is the most se

During one of them, he warned that Russian President Vladimir Putins threat to use nuclear weapons as his Ukrainian invasion has failed is the most serious danger of Armageddon since the 1962 Cuban Missile Crisis. When I heard @POTUS wanted to see the advantages of the CHIPS & Science Act firsthand, I advised him the River Valley was the perfect spot, Maloney said on Twitter on Wednesday. IBMs promise comes after chipmaker Micron announced this week a $100 billion investment over the next 20 years to develop a plant in upstate New York that may create 9,000 industrial jobs. Later that day, at a fundraiser at the home of New Jersey Gov. Chris Christie, Biden lashed out against Republicans. Biden was present in the evening. Read More..

B2B Tech News | 2 years ago        

Poland asserts EU single market will be destroyed by the German energy strategy.

By supporting its own energy businesses while rejecting a panEuropean ceiling on gas prices, Germany has been accused by Poland of destroying the EUs

By supporting its own energy businesses while rejecting a panEuropean ceiling on gas prices, Germany has been accused by Poland of destroying the EUs internal market, revealing a sharp divide over how to address the continents energy crisis. As EU leaders sparred at a nonofficial conference in Prague about how to reduce energy costs and ensure winter supply in the wake of Russias invasion of Ukraine, accusations over Berlins contentious €200 billion support package for its own industry surfaced. Read More..

B2B Tech News | 2 years ago        

Apax Funds turns Boasso Global into KKR

Boasso offers vital logistics services to the chemical and food supply chains on a global scale. Through its KKR Global Infrastructure Investors IV fu

Boasso offers vital logistics services to the chemical and food supply chains on a global scale. Through its KKR Global Infrastructure Investors IV fund, which focuses on important infrastructure investments in North America and Western Europe, KKR will invest in Boasso. The transactions financial details werent made public. Boasso was purchased by the Apax Funds in 2015 along with Quality Distribution, Inc., a provider of international logistics and transportation. With a team of more than 75 devoted investment specialists, KKR has been among the worlds most active infrastructure investors. Read More..

B2B Tech News | 2 years ago        

Market Segment Outlook Japan NonLife Insurance

AM Best areas in a recent Bests Market Segment Report, Market Segment Outlook Japan NonLife Insurance, that Japans economic recovery continued in fi

AM Best areas in a recent Bests Market Segment Report, Market Segment Outlook Japan NonLife Insurance, that Japans economic recovery continued in fiscal year 2021, despite pressures in certain industries –. Given the underwriting risk profile of most domestic nonlife insurers, which is weighted toward optional automobile and fire insurance, said Jason Shum, associate director, analytics, AM Best, AM Best believes the earnings base of Japans nonlife insurance businesses to be sustainable.  Despite forecasts of robust underwriting profitability, AM Best believes that underwriting earnings for most large domestic nonlife insurers would gradually decline in fiscal year 2022. The Japanese nonlife insurance segments solvency capital, which measures the level of actual net assets available for regulatory solvency reasons, Read More..

B2B Tech News | 2 years ago        

PropHero digital real estate investment platform raises $ 8 million to drive global operations

PropHero, a Sydneybased company, uses data and AI to assist investors in securing residential property. Eight million dollars were raised by the busin

PropHero, a Sydneybased company, uses data and AI to assist investors in securing residential property. Eight million dollars were raised by the business in a seed funding round that Fifth Wall and Samaipata jointly led. The money will be used to develop a comprehensive online property investing service, enhance the companys data models, and broaden its global reach. The software analyses millions of real estate data points from every suburb, using cuttingedge AI algorithms to assist clients choose the greatest houses. The business also maintains tight ties with mortgage broker partners who refer customers to the platform and gain from speedier processing periods for preapproval and loan drawdown. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

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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