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Denso, a Toyota Supplier, Misses View with a 41% Drop in Q1 Profit

Denso Corp, a major supplier to Toyota Motor Corp, cut its operating profit forecast for the current fiscal year by 14 % as it expects the automaker t

Denso Corp, a major supplier to Toyota Motor Corp, cut its operating profit forecast for the current fiscal year by 14 % as it expects the automaker to fall behind production plans. The company reported a 41% slump in firstquarter profit, hurt by automakers production cuts and high costs of commodities and logistics. A twoyear chip shortage and supply disruptions partially caused by Chinas COVID19 curbs have forced car makers to repeatedly cut production. However, the recent glut of chips resulting from weak demand in other markets, such as consumer electronics, could eventually ease the way for automakers. The companys shares fell 2.78%, compared with a 0.46% gain for Japans benchmark Nikkei share average. Read More..

B2B Tech News | 2 years ago        

CBA to hire 400 technical employees

Commonwealth Bank has launched a new Melbourne technology hub, in partnership with RMIT and Monash University. The bank is looking for people with ski

Commonwealth Bank has launched a new Melbourne technology hub, in partnership with RMIT and Monash University. The bank is looking for people with skills in artificial intelligence, data and security. Its part of what CBA said is a $1 billion investment in Australias digital skills. Software engineering students will be given job placements in an array of engineering roles. The banks chief human resources officer, Mark Comyn, says the region is a very significant market,for the bank. CBA aims to hire about 400 tech workers over the next three years. Read More..

B2B Tech News | 2 years ago        

Kenya Technology sector partners launch digital talent programme

In its first year, the program seeks to upskill 1,000 participants in the digital skills that are currently in demand. Over 30 partners have so far jo

In its first year, the program seeks to upskill 1,000 participants in the digital skills that are currently in demand. Over 30 partners have so far joined the program, including 6 universities, 14 training partners, community organizations, 7 government agencies, and 14 business players. Developers with skill and competence abound in Kenya. Here, Microsoft and other tech companies are establishing their operations in Africa. Hackathons, fireside chats, guest lectures, career fairs, curriculum reviews, placements, and certifications will all be a part of the program. Read More..

B2B Tech News | 2 years ago        

Increasing investments in renewable energy will drive 69% of growth in the floating solar panels market

According to Technavios latest market report, the floating solar panel market is expected to grow by $ 775.85 million from 2021 to 2026, at a CAGR of

According to Technavios latest market report, the floating solar panel market is expected to grow by $ 775.85 million from 2021 to 2026, at a CAGR of 16.89%. The transition from fossil fuels to renewable sources, such as wind and solar, is fundamental for economic, social and environmental development. Several countries have adopted renewable energy sources as their primary energy source. Mindanao, Philippines is seeing an upward trend in renewable energy projects. 69% of the market growth will come from APAC during the forecast period Japan, China and India are the main markets for the APAC floating solar panel market. For a tracker to be commercially viable, the incremental cost of installing and maintaining the tracker over the lifetime of the system must be less than the increased energy harvest from the solar PV system. Read More..

B2B Tech News | 2 years ago        

US crude below $95 increased oil production in Libya Oil and gas rigs are being added, and the EU is looking into Nigerian gas options

US crude prices settle below $95 a barrel for the first time since April in choppy trading. EU said it would allow Russian stateowned companies to shi

US crude prices settle below $95 a barrel for the first time since April in choppy trading. EU said it would allow Russian stateowned companies to ship oil to third countries under adjustment of sanctions agreed by member states this week. Libyas National Oil Corporation aims to increase production to 1.2 million barrels per day in two weeks. Current oil production is at 860,000 BPD, compared with 560,00 BPD before resuming production last week. The US oil and natural gas rig count this week rose for a third week in a row. High prices encourage increased spending at the good pad, boosting demand for some oilfield services companies. The EU is seeking additional gas supplies from Nigeria as it prepares for potential Russian supply cuts. Libyas oil exports at times last year reached 1.2 million BPD. Read More..

B2B Tech News | 2 years ago        

Samsung was penalized $9.8 million for false phone ads in Australia

An Australian judge has ordered Samsung to be fined AUD 14 million $9.8 million for falsely advertising the water resistance of some smartphone models

An Australian judge has ordered Samsung to be fined AUD 14 million $9.8 million for falsely advertising the water resistance of some smartphone models. Samsung sold 3.1 million vulnerable phones in Australia, but courts could not determine how many customers found faulty charging ports. An unknown number of customers have had their ports replaced by Samsung Authorized Repairers. According to the court, the amount of the fine is greater than the income generated by Samsung Electronics at the time of the false advertising. Federal Judge Patrick Murphy said Samsung Australia should not get too much credit for cooperating with the Australian Competition and Consumer Commissions investigation into misleading advertising for Galaxy phones. The judge denied that Samsungs lawyers initially denied that the ad was misleading and that the phone could be submerged. Read More..

B2B Tech News | 2 years ago        

Big investment a European aircraft manufacturer opens a factory in Hungary

In Gyula, in southeast Hungary, Airbus opened a HUF 2.2 billion EUR 5.4 million helicopter parts factory. The 13,000 square meter facility will produc

In Gyula, in southeast Hungary, Airbus opened a HUF 2.2 billion EUR 5.4 million helicopter parts factory. The 13,000 square meter facility will produce highprecision metallic basic components for helicopter dynamic systems. For the Airbus family, the factory will be the only source of supply for these components. Speaking at the opening, the Minister of Technology and Industry László Palkovics referred to the plants acquisition of an EASA license as a historic moment and noted that not many countries have such a license. Read More..

B2B Tech News | 2 years ago        

Singapore is the first source of FDI to India

Singapore has become the top source country in terms of Foreign Direct Investment FDI in India for the financial year 202122. India received the highe

Singapore has become the top source country in terms of Foreign Direct Investment FDI in India for the financial year 202122. India received the highest annual FDI inflows of $84.83 billion in FY22, surpassing last years FDI by $2.87 billion. The software and hardware sector recorded the highest FDI inflows in the past fiscal year. In India, foreign investments up to 100% are allowed in noncritical sectors through the automatic route, not requiring security clearance from the Ministry of Home Affairs MHA. The government has also implemented several reforms under the FDI policy regime across sectors such as insurance, defense, telecom, financial services, pharmaceuticals, retail trading, and ecommerce. 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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