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BUSINESS NEWS

Visa Offers Apple $100 Million to Replace Mastercard as Apple Card Partner

Apple has received a $100 million offer from Visa to take Mastercards place as the Apple Cards credit card partner. This audacious action involves an

Apple has received a $100 million offer from Visa to take Mastercards place as the Apple Cards credit card partner. This audacious action involves an upfront payment usually only made for large credit card programs. To become the network and issuer, American Express is also vying for collaboration. After splitting from Goldman Sachs, which was once affiliated with Mastercard, Apple is looking into other options. The fierce rivalry amongst financial institutions in landing highprofile partnerships with tech behemoths is highlighted by this development. Read More..

B2B Tech News | 3 months ago        

ArcelorMittal South Africa Delays Plant Closures to August 31 with IDC Support

After receiving a $92 million investment from the Industrial Development Corporation IDC, ArcelorMittal South Africa has delayed the shutdown of its l

After receiving a $92 million investment from the Industrial Development Corporation IDC, ArcelorMittal South Africa has delayed the shutdown of its long steel plants until August 31, 2025. The money will keep things running smoothly and keep about 3,500 jobs from being lost. Due to competition from recycling minimills and high freight rail and electricity rates, the corporation has previously stated that it intended to close these units. Although this deferment offers shortterm respite, longterm company sustainability still faces challenges with sustained profitability. The action emphasises how crucial government assistance is to stabilising vital sectors. Read More..

B2B Tech News | 3 months ago        

India and Chile Aim to Upgrade PTA to CEPA During President Borics Visit

During Chilean President Gabriel Borics visit to India from April 1 to 5, 2025, the two countries are negotiating to upgrade their Preferential Trade

During Chilean President Gabriel Borics visit to India from April 1 to 5, 2025, the two countries are negotiating to upgrade their Preferential Trade Agreement PTA into a Comprehensive Economic Partnership Agreement CEPA. Chile would become the first nation in Latin America to have such an agreement with India. With an emphasis on industries like medicines, medical gadgets, and cars, the objective is to quadruple bilateral commerce to $100 billion. Discussions will also cover tariff and nontariff barriers to improve trade relations. Read More..

B2B Tech News | 3 months ago        

UAE to Launch Digital Dirham CBDC, Transforming Financial Infrastructure

The UAE plans to introduce its Digital Dirham, a central bank digital currency CBDC based on blockchain, between October and December 2025. Aiming to

The UAE plans to introduce its Digital Dirham, a central bank digital currency CBDC based on blockchain, between October and December 2025. Aiming to improve financial inclusion, modernise payments, and fight financial crime, this project is a component of the UAEs Financial Infrastructure Transformation FIT programme. Smart contracts for automating intricate transactions and tokenisation for asset fractionalisation will be features of the Digital Dirham, increasing access to liquidity. A specialised wallet system will let users handle the currency, facilitating crossborder, wholesale, and domestic transactions. This action places the UAE at the forefront of innovation in digital banking. Read More..

B2B Tech News | 3 months ago        

Elon Musks xAI Acquires X in $33 Billion Deal to Revolutionize Social Media

In a $33 billion allstock transaction, Elon Musks AI startup, xAI, purchased his social media network X previously Twitter. Combining Xs large user ba

In a $33 billion allstock transaction, Elon Musks AI startup, xAI, purchased his social media network X previously Twitter. Combining Xs large user base with xAIs sophisticated AI capabilities, this calculated move seeks to improve AIdriven products like xAIs chatbot Grok. Musk claimed that merging data, models, computing, and skills would unleash enormous potential. According to the deal, X is worth $33 billion, and xAI is $80 billion. Musks goal to develop AI technologies while changing the social media scene is reflected in this consolidation. Read More..

B2B Tech News | 3 months ago        

OpenAI Secures Historic $40 Billion Funding Round Led by SoftBank

Nearly increasing its worth to $300 billion, OpenAI is about to close a recordbreaking $40 billion investment round spearheaded by SoftBank. This is t

Nearly increasing its worth to $300 billion, OpenAI is about to close a recordbreaking $40 billion investment round spearheaded by SoftBank. This is the biggest round of private tech investing ever. The funding will help OpenAI develop generative AI tools, scale its infrastructure, and promote AI research. The remaining $10 billion is coming from investors including Microsoft, Coatue Management, and Altimeter Capital, while SoftBank is contributing $30 billion. This investment demonstrates OpenAIs explosive expansion and aspirations to dominate the global AI market. Read More..

B2B Tech News | 3 months ago        

RBA Expected to Hold Cash Rate at 4.10% in April Amid Inflation Concerns

A Reuters poll predicts that the Reserve Bank of Australia RBA will maintain its cash rate at 4.10% at its April 2025 meeting. The RBA is expected to

A Reuters poll predicts that the Reserve Bank of Australia RBA will maintain its cash rate at 4.10% at its April 2025 meeting. The RBA is expected to hold off on making any more adjustments until it sees more convincing evidence of reducing inflation. However, after the release of comprehensive inflation statistics in May, a 25 basis point rate drop is anticipated. To prevent overheating the housing market, the RBA is nonetheless wary about aggressive easing, even though it has already enacted one rate decrease this year, in February. The RBAs target inflation range of 23% has been reached, but core inflation of 3.2% is still concerning. This methodical approach reflects the RBAs emphasis on striking a balance between economic growth and inflation control. Read More..

B2B Tech News | 3 months ago        

India Seizes ₹90 Crore in Crypto Assets, Highlights Digital Crime Risks

Over ₹90 crore worth of cryptocurrency assets were seized during financial crime investigations, according to Indias Finance Minister Nirmala Sithar

Over ₹90 crore worth of cryptocurrency assets were seized during financial crime investigations, according to Indias Finance Minister Nirmala Sitharaman. The evidence, which was discovered via decoded WhatsApp communications, demonstrated how encrypted communication channels are frequently abused for illicit purposes such as money laundering and tax avoidance. The new Income Tax Bill 2025, which seeks to provide tax authorities access to digital records for auditing purposes, is supported by the terms in this judgement. The current system, which mostly concentrates on manual records and physical ledgers, has flaws the measure aims to fix. Sitharaman stressed the significance of adjusting to modern circumstances to successfully tackle financial offences. This trend highlights the expanding use of technology in contemporary financial investigations. Read More..

B2B Tech News | 3 months 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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