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Gazprom gas goes to Europe via Ukraine on Wednesday

Gazprom GAZP.MM said it would send 42.3 million cubic meters million cubic meters of gas to Europe via Ukraine on Wednesday, compared with 42.4 mill

Gazprom GAZP.MM said it would send 42.3 million cubic meters million cubic meters of gas to Europe via Ukraine on Wednesday, compared with 42.4 million cubic meters on Tuesday. Read More..

B2B Tech News | 2 years ago        

Egypt Detects First Monkeypox Case

Egypts Ministry of Health said in a statement on Wednesday that it had confirmed the first case of monkeypox, an Egyptian male living in a European

Egypts Ministry of Health said in a statement on Wednesday that it had confirmed the first case of monkeypox, an Egyptian male living in a European country. 42 men were hospitalized and are in stable condition, the report said. Read More..

B2B Tech News | 2 years ago        

The CHIPS Act first took effect and made headlines of the week

The $280 billion CHIPS Act includes incentives that American semiconductor firms that accept are not allowed to conduct business in China for ten year

The $280 billion CHIPS Act includes incentives that American semiconductor firms that accept are not allowed to conduct business in China for ten years. These businesses wont be permitted to make investments in China, create cuttingedge technologies there, or export cuttingedge technologies to China. Beginning on October 1, Microsoft announced it would phase out Basic Auth, a venerable HTTPbased authentication technique used by a number of Exchange Online protocols. Read More..

B2B Tech News | 2 years ago        

The US embargo on Nvidia and AMD chips is seen as a boost to Chinese rivals

The top artificial intelligence chips from Nvidia and AMD are no longer allowed to be exported to China. Analysts see a chance for Chinese entrepreneu

The top artificial intelligence chips from Nvidia and AMD are no longer allowed to be exported to China. Analysts see a chance for Chinese entrepreneurs vying for market share in data centre chips. The emergence of AI chip startups may jeopardise American efforts to stop China from developing the necessary computing equipment for military use. The largest companies in China have raised $2.5 billion in the last several years, including funds backed by the Shanghai government and Hillhouse Capital. Chinese companies, including Cambricon, PingTouGe from Alibaba Group, and Denglin Technology, are all working on AI alternatives. Read More..

B2B Tech News | 2 years ago        

Adembo Growth provides £26m in debt funding to tech startup

British Business Investments BBI has made a first €30 million £26.1 million commitment to venture capital firm Atempo Growth for its first venture

British Business Investments BBI has made a first €30 million £26.1 million commitment to venture capital firm Atempo Growth for its first venture debt fund. The Atempo Growth venture debt fund will make investments in highgrowth technology firms in the UK and Europe. The venture debt fund of Atempo Growth also includes contributions from Santander and the European Investment Bank. Based in London, Atempo Growth provides lending for companies from Series A to IPO. The governmentbacked British Business Bank has a subsidiary called BBI. Read More..

B2B Tech News | 2 years ago        

Mexican fintech Clip obtains $50 million to increase its payment capabilities.

Mexican fintech Clip closed $50 million threeyear, unsecured revolving credit facilities with Morgan Stanley, JP Morgan, and HSBC. The company sells t

Mexican fintech Clip closed $50 million threeyear, unsecured revolving credit facilities with Morgan Stanley, JP Morgan, and HSBC. The company sells tablets starting at $10 for their signature white and orange phones, and they will soon be priced at $150.The clip received approval for an IFPE Institution of Electronic Payment Funds license from Mexicos National Banking and Securities Commission CNBV. The companys cofounder Eduardo Babatz believes there is still a lot of markets to capture in a country where many transactions are still cashbased. In June last year, Clip received a $250 million investment from SoftBanks Latin America Fund and Viking Global Investors LP. Read More..

B2B Tech News | 2 years ago        

SODIC Relaunches New Zayed Project

Cairo, Egypt Sodic announced the resumption of construction on its New Zayed project, which has been remaster planned and now covers 464 acres. The pr

Cairo, Egypt Sodic announced the resumption of construction on its New Zayed project, which has been remaster planned and now covers 464 acres. The project had been suspended because the overall New Zayed City plans had been rezoned. The leading developer of Karmel, one of three neighborhoods on the 464acre project, is being launched by the leading developer as a result of the remaster planning. Karmell brings the Californian Carmelbythesea experience to Egypt with a carefree lifestyle surrounded by nature. New Zayed is the newest neighborhood in West Cairo and is a logical extension of the affluent Sheikh Zayed neighborhood. Read More..

B2B Tech News | 2 years ago        

Goldman lends Latin American fintech company Xepelin $140 million.

Goldman Sachs is providing $140 million to Chilean fintech Xepelin Holdings Inc. The assetbacked loan will be released in two tranches, the first for

Goldman Sachs is providing $140 million to Chilean fintech Xepelin Holdings Inc. The assetbacked loan will be released in two tranches, the first for $40 million and the second for $100 million. Goldman has provided loans to several startups in the region. It participated in Nubanks $650 million line of credit earlier this year and has committed $160 million in 2021. Xepelin estimates the businesstobusiness payments market in Latin America is worth up to $8 trillion. PayPal Ventures and Carlos Garcia, the founder of used car startup Kavak, are among the supporters of Xepelin. The company has generated over $ 1.2 billion in financing. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

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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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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