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UK Ecommerce Firm THGs Ingenuity Collaborates with Holland & Barrett for Enhanced Online Presence

The UK ecommerce business THG announced a new collaboration between Holland & Barrett, a UK wellness retailer, and its online platform, Ingenuity. Uti

The UK ecommerce business THG announced a new collaboration between Holland & Barrett, a UK wellness retailer, and its online platform, Ingenuity. Utilising automated facilities in the UK is part of the agreement. THG said that its performance for the fourth quarter and the entire year aligns with projections and expectations. THGs exclusive operating platform and technology, Ingenuity, helps companies with data science, marketing, and logistics related to ecommerce. The alliance with Holland & Barrett indicates THGs ongoing growth and partnerships with wellknown companies in the wellness and ecommerce industries. Read More..

B2B Tech News | 3 months ago        

Wizz Air Loses Legal Battle Over Romanias €36.66 Million Aid to TAROM

Wizz Air has lost its legal case against Romania for giving TAROM, a stateowned airline, €36.66 million $40.2 million in rescue relief. The Court of

Wizz Air has lost its legal case against Romania for giving TAROM, a stateowned airline, €36.66 million $40.2 million in rescue relief. The Court of Justice of the European Union CJEU, the highest court in the European Union, maintained the European Commissions decision to authorise the aid. The European Commission approved considerable state help to several airlines during the COVID19 pandemic however, competitors challenged this decision in court. The CJEU determined Romanias loan to TAROM to meet its liquidity needs was legal under EU law. Read More..

B2B Tech News | 3 months ago        

EthiopiaSomaliland Deal for Coastline Lease Economic Implications Explored

The agreement between Somaliland and Ethiopia to lease a 20kilometer section of coastline has critical economic ramifications. Ethiopia diversifies it

The agreement between Somaliland and Ethiopia to lease a 20kilometer section of coastline has critical economic ramifications. Ethiopia diversifies its maritime routes, lessening reliance on a single corridor and cutting shipping costs by gaining access to the Red Sea outside Djibouti. The efficiency of regional commerce may benefit from this action. Its successful integration and execution into current trade networks, however, are prerequisites. The attraction of Somalia to the global world will depend on diplomatic ties, geopolitical dynamics, and stability. The pact highlights Somalias strategic importance, but more extensive variables will influence foreign support. The rise of FCFA in Ghana and Nigeria demonstrates these countries inclination for the currencys relative stability and ease of conversion. Read More..

B2B Tech News | 3 months ago        

Hertz to Sell 20,000 Electric Vehicles, Shifts Focus Back to GasPowered Cars

Due to increased collision and damage costs associated with Electric Vehicles EVs, rental giant Hertz is selling about 20,000 of its Electric Vehicles

Due to increased collision and damage costs associated with Electric Vehicles EVs, rental giant Hertz is selling about 20,000 of its Electric Vehicles EVs, including Teslas, from its U.S. fleet and refocusing on gaspowered vehicles. This action follows Hertzs agreement with Tesla to rent out its cars for around two years. Carmakers are impacted by the decision, which also forces certain rental businesses to reevaluate their EV fleets. It highlights the difficulties the EV market is facing as demand declines. By the end of 2024, Hertz wanted 25% of its fleet to go electric, but it cited increased costs and hidden costs as reasons for changing its mind. Read More..

B2B Tech News | 3 months ago        

Nikkei Share Average Hits Highest Level Since 1990 on Weaker Yen

A cheaper Yen helped exporters and allayed fears that the Bank of Japan might soon tighten policy in response to dismal wage data, as the Nikkei share

A cheaper Yen helped exporters and allayed fears that the Bank of Japan might soon tighten policy in response to dismal wage data, as the Nikkei share average in Japan rose to its highest level since February 1990. By midday, the Nikkei gained 1.94% to 35,110.52, on track to record its most considerable weekly increase since March 2020. At 2,488.65, the Topix index was up 1.81%. Novembers weak accurate wage growth figures, which marked the 20th straight month of wage declines, dampened expectations that the BOJ would soon raise interest rates. For exporters, a lower Yen increases the value of their foreign profits when repatriating. Overnight, the Yen dropped 0.9% vs the dollar, closing at 145.56. Read More..

B2B Tech News | 3 months ago        

Malaysia and Singapore Join Forces for Special Economic Zone in Johor

As part of initiatives to draw investments and ease the flow of people and commodities, Malaysia and Singapore have decided to work together on a Spec

As part of initiatives to draw investments and ease the flow of people and commodities, Malaysia and Singapore have decided to work together on a Special Economic Zone SEZ in Johor, Malaysia. The two nations intend to draft an extensive agreement addressing corporate process simplification and renewable energy. The SEZ seeks to improve commerce between countries, which will help both economies. With around 70% of all foreign direct investment in manufacturing in Johor, Singapore is the secondlargest foreign investor. Singapores minister of trade and industry and Malaysias minister of economy, Rafizi Ramli, inked the deal. Read More..

B2B Tech News | 3 months ago        

Apple Stock Faces 4% Decline in 2024 Amid iPhone Sales Concerns, Vulnerable to Microsofts Surge

Apples stock fell 4% in 2024 due to worries over iPhone sales, leaving it open to Microsoft overtaking it as the most valuable firm in the world. Micr

Apples stock fell 4% in 2024 due to worries over iPhone sales, leaving it open to Microsoft overtaking it as the most valuable firm in the world. Microsoft has a market value of $2.837 trillion, whereas Apples is $2.866 trillion. According to reports, iPhone sales in China dropped 30% in the first week of 2024, which can be attributed to more fierce rivalry from regional rivals like Huawei. Microsofts valuation, however, has increased by around 2% this year. Apple is scheduled to release the Vision Pro mixedreality headset on February 2, but worries still exist according to UBS, the headgears effect on profits per share in 2024 will be "relatively immaterial." Apple releases results on February 1. Read More..

B2B Tech News | 3 months ago        

SEC Approves First U.S.Listed Bitcoin ETFs BlackRock, Fidelity, and Others Get the Nod

Major organisations like BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck had their first bitcoin exchangetraded funds ETFs certifie

Major organisations like BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck had their first bitcoin exchangetraded funds ETFs certified by the U.S. Securities and Exchange Commission SEC and listed in the country. This historic ruling exposes investors to bitcoin without requiring them to keep the digital currency outright, with potential inflows estimated to be between $50 billion and $100 billion. The action signals a change in the SECs position and a rise in institutional acceptance of Bitcoin. SEC Chair Gary Gensler, who concurred in authorising the ETFs, noted that bitcoin is a speculative and volatile asset class and stressed that this does not imply support. The choice is a pivotal moment in developing Bitcoin as an asset class. Read More..

B2B Tech News | 3 months ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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