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Hungary plans to invest 16 billion euros to reduce dependence on gas by 2030

To increase electricity production, increase storage capacity, and reduce reliance on gas imports, Hungary plans to invest up to 16 billion euros by 2

To increase electricity production, increase storage capacity, and reduce reliance on gas imports, Hungary plans to invest up to 16 billion euros by 2030. In July, the administration of Prime Minister Viktor Orban lifted a longstanding cap on utility costs for households with higher usage. Hungary receives 3.5 billion cubic meters bcm of gas annually from Russia via Bulgaria and Serbia as part of a longterm agreement signed last year, before the outbreak of the conflict in neighboring Ukraine, and an additional one bcm via a pipeline from Austria. Read More..

B2B Tech News | 2 years ago        

Germany will keep two nuclear power plants on standby in case of energy shortages

To avoid a shortage of energy, Germany will keep two nuclear power plants on standby until next spring. An announcement was made following a power sys

To avoid a shortage of energy, Germany will keep two nuclear power plants on standby until next spring. An announcement was made following a power system stress test to assess the safety of the nations electricity grid for the winter. Only two nuclear power plants—Isar 2 and Neckarwestheim—will be operational through the winter of 2022–2023 in southern Germany as Germany continues to phase out nuclear energy. Russia recently stopped supplying gas through the Nord Stream 1 pipeline, forcing nations to look for alternative sources of natural gas, which is frequently used for heating. Read More..

B2B Tech News | 2 years ago        

A strategic investment in the African P2E guild project MVM was announced by Wemade.

Wemade participated in the seed funding round for Metaverse Magna, a P2E guild project from Africa. Wemade aims to expand the WEMIX3.0 ecosystem and s

Wemade participated in the seed funding round for Metaverse Magna, a P2E guild project from Africa. Wemade aims to expand the WEMIX3.0 ecosystem and start a longterm business in Africa. MVM is the first and largest gaming DAO in Africa, supported by Yele Bademosi, former director of the African region at Binance Labs. Marketing technology news MarTech interview with Lauren Vaccarello, CMO at Salesloft Read More..

B2B Tech News | 2 years ago        

ASX rises despite Fridays drop on Wall Street, traders eye tomorrows RBA rate decision

The ASX 200 closed up 24 points, or 0.3 per cent, to 6,852. Energy and mining stocks led the gains for the day, offsetting losses from the banking and

The ASX 200 closed up 24 points, or 0.3 per cent, to 6,852. Energy and mining stocks led the gains for the day, offsetting losses from the banking and tech indexes. The Reserve Bank is expected to raise interest rates by 50 basis points for the fourth consecutive time, to combat inflation. The Australian dollar was down at 67.89 US cents while Brent crude oil was trading at $US95.15 a barrel. But financials dropped about 0.4 per cent, with the Big Four banks losing in the range of 0.60.9 per cent.The S&P 500 and Dow Jones Industrial Average each fell 1.1 %. Read More..

B2B Tech News | 2 years ago        

Russias Shutdown of Gas Pipeline to Europe Pushes Euro to New Lows

The euro fell, testing a twodecade low after the closure of the Russian pipeline fueled fears of energy shortages. The pound was also plagued by conce

The euro fell, testing a twodecade low after the closure of the Russian pipeline fueled fears of energy shortages. The pound was also plagued by concerns over rising energy costs. Everything points to a lower euro, said Carol Kong, senior associate of international economics and currency strategy at the Commonwealth Bank of Australia. We have heard a lot of negative news about the European economy and I think the decline of the euro could continue this week. Read More..

B2B Tech News | 2 years ago        

Metigy, a troubled tech company, declares bankruptcy while owing $32 million.

An Australian tech company with $32 million in debt has filed for bankruptcy. Metigy, which provides artificial intelligence platforms for marketing p

An Australian tech company with $32 million in debt has filed for bankruptcy. Metigy, which provides artificial intelligence platforms for marketing purposes to small and mediumsized enterprises SMEs, went public late last month.. But on Friday, creditors voted to liquidate the company. The two appointed administrators, Simon Cathro and Andrew Blundell, are now acting as the liquidators of the company.A day before Metigy collapsed, a damning report from administrators filed with The ASIC said the company had been insolvent for some time, at least since November 14 last year.The CEO and sole director loaned $7.7 million to his firm to complete a personal property settlement. Read More..

B2B Tech News | 2 years ago        

N Gage, DCarbon Announces Strategic Coordination to Accelerate Climate Action, Sustainability in Egypt, MENA

N Gage and DCarbon launched a partnership to help businesses and organisations in Egypt and the MENA region turn their commitments to sustainability a

N Gage and DCarbon launched a partnership to help businesses and organisations in Egypt and the MENA region turn their commitments to sustainability and the environment into realworld accomplishments. The collaboration between N. Gage and DCarbon represents a cuttingedge in public policy competence. Ehab Shalaby, chair of DCarbon Egypt, said Effective partnerships are at the core of policymaking.The pressure to promote climate change and sustainability action is influencing local and international policies as the 27th UN Conference of Parties on Climate Change COP27 approaches. Read More..

B2B Tech News | 2 years ago        

Despite European Energy Crisis Weighing on Global Risk Assets, Sensex, Nifty Rise

The Sensex index is up 286.36 points at 59,089.69 in early trading and the NSE Nifty50 index is up 77.9 points at 17,617.35. The biggest gainers on th

The Sensex index is up 286.36 points at 59,089.69 in early trading and the NSE Nifty50 index is up 77.9 points at 17,617.35. The biggest gainers on the Nifty 50 index were Hindalco Industries, an aluminum and copper producer, and JSW Steel, up 1.8% and 1.1%, respectively. Comes after the worst week for global equities since falling to bear market lows in June. Sensex, Nifty Gain defies global darkness ahead of key US jobs data. European futures fell 3% as markets priced in higher recession risk. While EUROSTOXX 50 futures were expected to start bearish, Wall Street fared better. Japans Nikkei fell 0.3%, while the broader MSCI index of Asia Pacific equities outside of Japan fell 0.1%. Read More..

B2B Tech News | 2 years ago        



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