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Gas prices in Europe are rising as Russias latest plan to cut supplies raises concerns

For weeks, the Nord Stream pipeline has kept Europe on edge. On August 31, the pipeline will be shut down for three days of maintenance. Germany urged

For weeks, the Nord Stream pipeline has kept Europe on edge. On August 31, the pipeline will be shut down for three days of maintenance. Germany urged energy conservation and warned Moscow not to reduce supplies any further. We should expect Putin to cut gas further, the German economy minister said. At 1002 a.m., the European benchmark Dutch frontmonth contract increased by 15% to 281.86 euros per megawatthour. within Amsterdam. On Friday, it increased for the longest streak of the year—a fifth straight week. On Monday, the UK equivalent increased by 16%. Read More..

B2B Tech News | 2 years ago        

UAE investment in Egypt increased by 169% in the first half of 2022

UAE investments in Egypt reached $1.9 billion in the first half of 2022, up 169% yearonyear. Egypts Office for Public Mobilization and Statistics CAMP

UAE investments in Egypt reached $1.9 billion in the first half of 2022, up 169% yearonyear. Egypts Office for Public Mobilization and Statistics CAMPAS said the UAE invested $712.6 million in the same period last year. Remittances from Egyptians working in the UAE reached $3.5 billion in the 20202021 fiscal year, up 1.4 billion percent to $3.4 billion in the 20192020 fiscal year. The release of these figures coincides with the visit of UAE President Sheikh Mohammed bin Zayed to Egypt on Sunday evening to meet with Egyptian President Abdel Fatah alSisi to discuss bilateral relations and regional and global concerns. , WAM reported, the official Emirates news agency. Read More..

B2B Tech News | 2 years ago        

LTS takes the next step in its development by acquiring Tapemark Inc.

Tapemark Inc. was purchased by Lichtmann TherapieSysteme AG LTS in St. Paul, Minnesota. Oral thin films and transdermal drug delivery systems are Tape

Tapemark Inc. was purchased by Lichtmann TherapieSysteme AG LTS in St. Paul, Minnesota. Oral thin films and transdermal drug delivery systems are Tapemarks areas of expertise. LTS will provide a portfolio of drug delivery knowledge that is even more comprehensive. The acquisition enhances our R&D capabilities in North America, enabling us to support players creating novel therapies with more innovation and development. That puts us in a better position to meet the needs of our customers who want a single partner to help them from the feasibility stage through commercialization. Read More..

B2B Tech News | 2 years ago        

Sequoias Surge launches 15 startups from India and SEA in seventh cohort

Sequoia Capital India and Southeast Asia have selected 15 startups for the 7th cohort of the Surge accelerator program. The Surge program initially is

Sequoia Capital India and Southeast Asia have selected 15 startups for the 7th cohort of the Surge accelerator program. The Surge program initially issued checks of $1 million to $2 million each to startups but has since increased the amount of support to $3 million. Sequoia said its cohort includes several startups it worked with when there was no product, as well as companies led by founders and returning entrepreneurs. Many startups in the new cohort are building for global markets and serving audiences outside their headquarters. Read More..

B2B Tech News | 2 years ago        

Omnibiz, a Nigerian B2B ecommerce platform, raises millions to attract and keep retail clients

Omnibiz is a Lagosbased B2B ecommerce platform. It connects fastmoving consumer goods FMCGs manufacturers to retailers by digitizing the supply chain.

Omnibiz is a Lagosbased B2B ecommerce platform. It connects fastmoving consumer goods FMCGs manufacturers to retailers by digitizing the supply chain. The startup raised $3 million last August to expand into new markets within Nigeria. Omnibiz has an active retail sample. Various performance statistics are trying to share the number of retailers to share the total product GMV and the number of retailers and retailers. Other VC firms such as Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital, and Musha Ventures also participated. The company expects to increase the number of daily active retailers on the platform to 10,000 in the next year. Nikos Katsaounis, Emerging Markets Partner at VC Timon Capital, said his company invested in Omnis because it believes it has solved a muchneeded problem. Read More..

B2B Tech News | 2 years ago        

Just Eat Takeaway sells an interest in iFood of Brazil for up to $1.8 billion

Just Eat Takeaway has revealed that its selling its stake in Brazils iFood for up to $1.8 billion. iFood is operating primarily in Brazil and Colombia

Just Eat Takeaway has revealed that its selling its stake in Brazils iFood for up to $1.8 billion. iFood is operating primarily in Brazil and Colombia and has raised nearly $600 million in funding. The initial deal will amount to €1.5 billion in cash, plus another €300 million depending on the performance of iFood over the next 12 months. The Dutch multinational conglomerate owned by Naspers will now own iFood in its entirety. The selloff comes less than a year after the companys $7.3 billion acquisition of Grubhub. Just Eat Takeaway, the parent company of Just EatMeals.com, said today that it plans to iFood will use the proceeds to strengthen its balance sheet while securing future debt payments. He also confirmed that the assets will continue to be investigated for partial or full sale to Grubhub. Read More..

B2B Tech News | 2 years ago        

Eurobio Scientific acquires Dutch transplant diagnostics company GenDx for €135 million

GenDx Genome Diagnostics was acquired by Parisbased Eurobio Scientific for €135 million.The acquisition will lead to the formation of a foundation t

GenDx Genome Diagnostics was acquired by Parisbased Eurobio Scientific for €135 million.The acquisition will lead to the formation of a foundation to assist research and development in the field of transplant. GenDx will continue its activities in both its Utrecht headquarters and its North American office, located in Chicago.GenDx, the Dutch human leukocyte antigen HLA typing company which matches patients and donors for bone marrow or cord blood transplants, has been sold to Eurobio Scientific. Founded in 2005, it focuses on the development, production and sales of analytical and analytical software for partner implantation and diagnostics. The new owner owns a broad and diversified portfolio of products in four specialty areas, including transplantation, infectious diseases, life science and cancer. Read More..

B2B Tech News | 2 years ago        

Just Eat Takeaway sold its Brazilian unit iFood for $1.8 billion.

European food ordering and delivery giant Just Eat Takeaway has announced that it has sold its Brazilian package iFood to Prosus for 1.8 billion euros

European food ordering and delivery giant Just Eat Takeaway has announced that it has sold its Brazilian package iFood to Prosus for 1.8 billion euros $1.8 billion. The initial transaction will be 1.5 billion euros in cash and another 300 million euros depending on iFoods performance over the next 12 months. The expectations of the transaction will be easily carried out by the Euronext Amstex Stock Exchange only more than 21 euros in the previous Dutch trading. Founded in 2011, in Brazil and Colombia, it collected about $ 600 million from the date of its establishment, and at that time will offer about 33% of the process. Read More..

B2B Tech News | 2 years ago        



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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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5.  Approximately 8 billion gadgets connect on the internet every day.
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