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India and EU Set to Resume FTA Negotiations from March 10 to 14

An additional secretary in the Department of Commerce, L Satya Srinivas, revealed that the next round of free trade agreement FTA negotiations between

An additional secretary in the Department of Commerce, L Satya Srinivas, revealed that the next round of free trade agreement FTA negotiations between India and the EU will occur from 10 March to 14. A European Commission group is scheduled to arrive in India on 28 February before these negotiations. Additionally, on 24 February, UK Minister of State for Trade Policy Douglas Alexander will meet with Commerce and Industry Minister Piyush Goyal. On 25 February, India and the UK will resume their free trade agreement negotiations. There have been 14 rounds of negotiations since the IndiaUK free trade agreement talks began in January 2022. Read More..

B2B Tech News | 3 months ago        

Nigerian President Tinubu Unveils Ambitious Tax Reform Agenda to Simplify System

Since assuming office, Nigerian President Bola Tinubu has prioritised tax reform. He aims to reduce the complicated tax system—which presently inclu

Since assuming office, Nigerian President Bola Tinubu has prioritised tax reform. He aims to reduce the complicated tax system—which presently includes over 60 taxes—to single digits. Reminiscent of his previous changes as governor of Lagos State, this plan aims to stimulate investment, make conducting business easier, and raise tax revenue. To create a new revenue service, lower corporate tax rates, and increase the income level for lowincome individuals exempt from taxes, Tinubu has put out four pieces of legislation. However, political opposition to the proposed revenuesharing changes, which primarily affect northern regions that contribute less tax income, has made Tinubus reform agenda extremely difficult as he attempts to manage regional imbalances and secure legislative support. Read More..

B2B Tech News | 3 months ago        

Samsung Electronics Cancels $2.11 Billion in Acquired Shares, Announces New Buyback Plan

In a regulatory filing, Samsung Electronics declared that 3.05 trillion won $2.11 billion of its previously purchased shares would be cancelled. To as

In a regulatory filing, Samsung Electronics declared that 3.05 trillion won $2.11 billion of its previously purchased shares would be cancelled. To assist its employees and increase shareholder value, the business intends to repurchase 304 billion won in other shares and 2.7 trillion won in ordinary shares between 19 February and 16 May 2025. Due to its stocks poor performance compared to competitors like SK Hynix, Samsung announced in November 2024 that it would repurchase 10 trillion won worth of shares over a year. This demonstrates Samsungs dedication to restoring investor trust, its first share buyback since 2017. Read More..

B2B Tech News | 3 months ago        

Microsoft to Invest $700 Million in Poland for Enhanced Cybersecurity

The president of Microsoft said the business intends to invest an additional $700 million in Poland to improve cybersecurity in partnership with the P

The president of Microsoft said the business intends to invest an additional $700 million in Poland to improve cybersecurity in partnership with the Polish military. The $1 billion data centre project started in 2020 is now in its second phase. Although he did not elaborate, Microsoft President Brad Smith underlined the importance of this commitment during a joint news conference with Polish Prime Minister Donald Tusk. Microsofts dedication to bolstering cybersecurity measures in the region in the face of changing digital threats is reflected in the data centre, which debuted in 2023 and is intended to provide cloud services to Polish enterprises and government institutions. Read More..

B2B Tech News | 3 months ago        

IndiaU.S. Bilateral Trade Agreement Negotiations Boost Business Confidence, Says Piyush Goyal

According to Commerce and Industry Minister Piyush Goyal, the recent decision to pursue a bilateral trade agreement between the United States and Indi

According to Commerce and Industry Minister Piyush Goyal, the recent decision to pursue a bilateral trade agreement between the United States and India has dramatically increased corporate confidence in both countries. By utilising each nations competitive advantages, this program seeks to strengthen economic ties. In Washington, both countries pledged to more than increase their bilateral trade to $500 billion by 2030 during Prime Minister Narendra Modis visit. By the autumn of 2025, they hope to finalise the first part of this comprehensive trade deal. Goyal underlined that this achievement gives businesses confidence and shows how the U.S. and India can work together to change the dynamics of international commerce. Read More..

B2B Tech News | 3 months ago        

Rwanda’s Central Bank Holds Key Interest Rate Steady at 6.5% Amid Rising Inflation

For the second consecutive meeting, Rwandas central bank has maintained its benchmark interest rate at 6.5%, even though annual inflation increased to

For the second consecutive meeting, Rwandas central bank has maintained its benchmark interest rate at 6.5%, even though annual inflation increased to 7.4% in January, close to the top limit of the target range of 2%–8%. Unlike last years large crop, the harvest was hampered by unfavourable weather, so inflation has increased. The bank has increased its average inflation projection from 5.8% to 6.5% for 2025 and expects it to drop to 4.1% in 2026. Governor John Rwangombwa acknowledged the dangers posed by weather variations and geopolitical concerns but expressed confidence in keeping inflation within the policy band. The revised growth forecast for this year is 7%, which is more than the 8.3% growth that was earlier predicted for the economy last year. Read More..

B2B Tech News | 3 months ago        

HSBC Investors Back Management’s Decision to Streamline Investment Banking Segments

Even if U.S. President Donald Trumps deregulation strategy is expected to boost capital market activity, HSBC investors support managements decision t

Even if U.S. President Donald Trumps deregulation strategy is expected to boost capital market activity, HSBC investors support managements decision to liquidate some of its investment banks segments. Dismantling HSBCs mergers and equities capital markets teams in the Americas and Europe aligns with the banks concentration on its core Asian markets, according to four shareholders, two of whom are among the largest. Amid global trade concerns, mainly as U.S. tariffs affect trade financing providers, CEO George Elhedery is pressured to direct group money to locations with better trading prospects. At the presentation of the fullyear results on 21 February, Elhedery is anticipated to provide additional details about his plan and costcutting initiatives, estimated to be between £1.2 billion and £3 billion. Read More..

B2B Tech News | 3 months ago        

Nokia Set for Unconditional EU Antitrust Clearance on $2.3 Billion Infinera Acquisition

According to individuals familiar with the matter, Nokia is expected to obtain unconditional EU antitrust clearance for its $2.3 billion acquisition o

According to individuals familiar with the matter, Nokia is expected to obtain unconditional EU antitrust clearance for its $2.3 billion acquisition of Infinera, a U.S. provider of networking equipment and optical semiconductors. The acquisition, announced in June, would make Nokia the secondlargest provider in the optical networking sector, with a 20% market share, behind Huawei. With the agreement, Nokia can increase its equipment sales to big tech companies like Microsoft, Amazon, and Alphabet, which are investing in data centres to support the AI boom. According to its last financial report, Nokia expects to close the purchase in the first quarter of this year. At the same time, the European Commission is scheduled to wrap up its preliminary investigation by 26 February. Read More..

B2B Tech News | 3 months ago        



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