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U.S. and China Resume HighStakes Trade Talks in Geneva Amid Tariff Standoff

After imposing duties of over 100% on each others goods, senior U.S. and Chinese officials have commenced trade talks in Geneva with the aim of defusi

After imposing duties of over 100% on each others goods, senior U.S. and Chinese officials have commenced trade talks in Geneva with the aim of defusing the situation. They are meeting in person for the first time since the tariff impasse, with U.S. Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng leading the discussions. President Donald Trump described the talks as a "total reset," suggesting positive progress, despite no immediate breakthroughs being announced. The villa of Switzerlands UN ambassador was chosen as a neutral venue for the talks. Read More..

B2B Tech News | 6 months ago        

Malawi’s Central Bank Holds Interest Rate at 26% to Combat Inflation Above 30%

Due to the necessity of a strict monetary strategy to prevent inflation from exceeding 30%, Malawis central bank has maintained its key lending rate a

Due to the necessity of a strict monetary strategy to prevent inflation from exceeding 30%, Malawis central bank has maintained its key lending rate at 26.0%. This decision was made amidst economic uncertainty, poor agricultural output, and a scarcity of dollars, all of which have fostered a thriving illicit foreign exchange market. After downgrading its forecast for economic growth from 4.0% to 3.2%, the Reserve Bank of Malawi attributed the slowdown to prolonged dry spells and delayed rainfall. By keeping the policy rate unchanged since February 2024, the Monetary Policy Committee MPC affirmed that the current stance is sufficiently stringent to reduce inflation. Read More..

B2B Tech News | 6 months ago        

Pakistan Seeks $1.3 Billion IMF Loan After India’s Retaliatory Strikes

Citing significant losses due to Indias retaliatory strikes, Pakistans Economic Affairs Division has requested additional loans from foreign lenders.

Citing significant losses due to Indias retaliatory strikes, Pakistans Economic Affairs Division has requested additional loans from foreign lenders. This appeal comes ahead of a crucial IMF meeting where Pakistans request for a $1.3 billion loan will be discussed. Officials later denied posting the loan request, claiming their X account had been hacked. India has questioned the effectiveness of Pakistans previous bailout packages and urged the IMF to act with caution. Before making decisions on loan disbursements or policy changes, the IMF board will assess Pakistans economic performance. Read More..

B2B Tech News | 6 months ago        

Bhutan Becomes First Nation to Launch National Crypto Tourism Payment System

In collaboration with Binance Pay and DK Bank, Bhutan has launched a nationwide cryptocurrency tourism payment system that allows visitors to use cryp

In collaboration with Binance Pay and DK Bank, Bhutan has launched a nationwide cryptocurrency tourism payment system that allows visitors to use cryptocurrency to pay for local shops, flights, accommodation, and visas. The programmes objectives are to reduce currency exchange costs and enhance payment accessibility, particularly for small business owners and regional artisans. Travellers can utilise over 100 cryptocurrency assets, including Bitcoin BTC, USDC, and Binances BNB. DK Bank manages instant cryptocurrencytofiat transfers. Bhutan was the first nation to implement cryptocurrency payments on a national scale, thanks to the technology, which ensures realtime confirmations and minimal transaction fees. Read More..

B2B Tech News | 6 months ago        

Bain Capital to Exit China’s Data Center Market Amid Global Investment Shift

Bain Capital, which is likely worth over $4 billion, is preparing to sell its data centre business in China. In recent months, the firm has engaged fi

Bain Capital, which is likely worth over $4 billion, is preparing to sell its data centre business in China. In recent months, the firm has engaged financial advisers and held initial discussions with potential buyers. Previously part of Chindata Group, which Bain Capital acquired in 2023 for $3.16 billion, the company is now operating under the WinTriX DC Group name. This transaction comes at a time when valuations in the data centre industry are increasing due to the demand for cloud computing and the growth of AI. Analysts suggest that as Chinas hyperscale data centre expansion slows, Bain Capital is shifting its focus to overseas ventures. Read More..

B2B Tech News | 6 months ago        

Germany’s Commerzbank Reports 12% Profit Growth Amid Italy’s UniCredit Takeover Speculation

In the first quarter of 2025, Commerzbank from Germany reported a 12% increase in net profit, surpassing analyst projections of €698 million to achi

In the first quarter of 2025, Commerzbank from Germany reported a 12% increase in net profit, surpassing analyst projections of €698 million to achieve €834 million £936 million. While Commerzbank fends off a potential takeover attempt by Italys UniCredit, the company revealed strong results. Increased interest income and cost reductions bolstered the banks performance, supporting its independent expansion plan. Amidst European banking consolidation efforts, the results illustrate Commerzbanks resilience in a fiercely competitive industry. Read More..

B2B Tech News | 6 months ago        

U.S. Bond Giant PIMCO Warns of Rising Recession Risks Amid Trade Uncertainty

Owing to high tariffs and economic uncertainty, U.S. bond giant PIMCO has issued a warning that the country faces its highest risk of recession in yea

Owing to high tariffs and economic uncertainty, U.S. bond giant PIMCO has issued a warning that the country faces its highest risk of recession in years. Investors are underestimating the impact of President Donald Trumps trade policies, according to Investment Chief Dan Ivascyn, who noted that the likelihood of a recession is at its most elevated level in several years. This warning coincides with the United States implementation of significant import levies and ongoing trade conflicts, particularly with China and Canada. Analysts suggest that bond markets may become increasingly volatile as investors adjust their holdings in response to heightened economic concerns. Read More..

B2B Tech News | 6 months ago        

Trump to Announce Major U.S.UK Trade Deal Amid Ongoing Tariff Disputes

The announcement of a significant trade agreement with a "large and highly respected nation" is the focus of a news conference that former U.S. Presid

The announcement of a significant trade agreement with a "large and highly respected nation" is the focus of a news conference that former U.S. President Donald Trump has scheduled for Thursday at 10 a.m. EDT in the Oval Office. Following recent trade discussions, Trump has not disclosed the partner country, although speculation suggests it may be the UK. Amid extensive U.S. tariffs—including 25% tariffs on steel, aluminium, and automobiles, as well as 145% penalties on Chinese imports—the announcement was made. Trumps protectionist trade policies have been bolstered by his insinuations that this agreement will be the first of many. Read More..

B2B Tech News | 6 months ago        



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