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ABG is expected to announce the £200m takeover of Ted Baker

Licensing firm Authentic Brands Group is expected to announce a deal to buy the Londonbased fashion brand for around 200 million pounds $240 million,

Licensing firm Authentic Brands Group is expected to announce a deal to buy the Londonbased fashion brand for around 200 million pounds $240 million, down 300 million pounds from an estimated deal, Sky News reported. Ted Baker went up for sale in April, alongside Sycamore Partners, Bluestar Alliance, and ABG, among others. Before launching the sale, it rejected several offers from private equity group Sycamore Partners. ABG owns Brooks Brothers and Juicy Couture and bought Reebok from Adidas in March. Read More..

B2B Tech News | 2 years ago        

Kenya Re charges a premium of 32% from the Indian market

Kenya Re has traditionally depended on the Kenyan market from which it collected a mandatory 20% premium from the leading insurers. However, the compa

Kenya Re has traditionally depended on the Kenyan market from which it collected a mandatory 20% premium from the leading insurers. However, the company has gained a smaller presence in many markets, increasing its potential for outstanding diversification. India was Kenyas secondlargest source of business, accounting for 32%of total premiums, behind Kenyas 38%. Kenya Re has invested millions of shillings in establishing and expanding regional subsidiaries to diversify its portfolio. The companys position in the domestic market is considered relatively strong, strengthened by the forced shutdown. Other reinsurers operating in Kenya include Ghana Re, SepRe, East Africa Re, and Continental Re. GCR gave the company a stable outlook with a very strong credit profile, supported by riskadjusted capital and liquidity. Read More..

B2B Tech News | 2 years ago        

Bendigo and Adelaide Bank are seeing the results of their digital transformation.

Bendigo and Adelaide Bank reduced core banking systems and technology applications in 2022. Up Digital Bank reached more than $1 billion in deposits i

Bendigo and Adelaide Bank reduced core banking systems and technology applications in 2022. Up Digital Bank reached more than $1 billion in deposits in one year. Its acquisition of Melbournebased fintech Ferocia for $116 million in August last year will deliver enhanced capability to reengineer our business for the digital age. The banks investment spending reached $166.6 million over the year with 55% spent on foundational technology and 32 percent put towards risk and compliance. The bank posted a regulatory net profit after tax of $488.1 million, down 6.9% from the prior corresponding period, while cash profit after tax increased 9.4% to USD 500.4 million. Read More..

B2B Tech News | 2 years ago        

Delivery Hero misses sales forecast, sees path to profitability in 2023

Delivery Hero confirmed the leadership of 2022, which is at least 46.9 billion tens. Euro Total $ 47 billion and the total segment was at least 10.4 b

Delivery Hero confirmed the leadership of 2022, which is at least 46.9 billion tens. Euro Total $ 47 billion and the total segment was at least 10.4 billion euros. produces euros. This year, the company is up to 1.5%of the adapted income of the goods, Slan, depreciation, and depreciation. This was said to be in the full interest of Tsombato LLP. In July, a $60 million property was sold. In an interview, Ostberg said that there are a small number of profitable earnings opportunities, such as low discounts, efficiency, and rising scaling stages. While it was not affected by the rise in inflation, he said rising consumer prices had dampened European demand somewhat. Read More..

B2B Tech News | 2 years ago        

Telstra and Optus praise NBN Cos revised pricing strategy

Telstra and Optus NBN Co. The company has a modified price, reducing the cost of highspeed internet servers for businesses and consumers and reducing

Telstra and Optus NBN Co. The company has a modified price, reducing the cost of highspeed internet servers for businesses and consumers and reducing lowspeed plans next year. The regulatory authorities welcome the restoration and guarantee the belief that it is in the correct direction. Customers and businesses using new NBN models initially decrease the 100 MBPS plan, which represents 18%of users. However, since the annual inflationbased price increases that the network deems necessary to meet its financial and cost recovery goals will still be in place, network users will have to accept them.Despite Sheridans insistence that it was vital for Australians to get a highquality connection at a stable price, he promised not to offer customers any discounts on wholesale broadband prices that Optus might see. Telstra sued NBN Co in January, accusing it of locking itself and Australians out of the fixedline broadband market and switching to an affordable only network. Read More..

B2B Tech News | 2 years ago        

Lenders warn Asias exports fall further as tech boom falters

HSBC and Nomura warn that Asias export boom is showing signs of slipping into a deeper than expected downturn. The warnings from both lenders suggest

HSBC and Nomura warn that Asias export boom is showing signs of slipping into a deeper than expected downturn. The warnings from both lenders suggest that the trade wave that has carried Asia through the pandemic is at a turning point. Key indicators are showing a slump in new orders with demand for Asiamade electronics clearly coming off the boil.Nomuras updated Asia export leading index warns the regions shipments may have reached an inflection point. The bank downgraded three indicators, also known as NELI, and replaced them with four new indicators for a total of nine, indicating further deepening of the trade recession. Read More..

B2B Tech News | 2 years ago        

CISOs should consider a riskbased cybersecurity strategy

Around the world, according to ESG, half of all quarterly board agendas now include the CISO. The global average cost of a data breach, according to I

Around the world, according to ESG, half of all quarterly board agendas now include the CISO. The global average cost of a data breach, according to IBM, was $4.24 million in 2021. Out of the 185,446 vulnerabilities known at the time of writing, only 29% have exploits available, and a mere 2% have weaponized exploit code. A highseverity vulnerability is not of much concern if controls are in place to mitigate any potential risk. The CISOs job is to filter out the mundane and protect the important in a way that meets requirements and doesnt affect business agility. However, once all assets are cataloged, the attack surface begins. Security teams are taking the next step in risk management by consolidating into a single platform. Read More..

B2B Tech News | 2 years ago        

Exyte continues to experience profitable growth, posting outstanding 6M/2022 results and an improved yearend forecast

Advanced process units remain an important growth engine, but it is a strategic segment for the growth of biopharma and life sciences. In Germany, the

Advanced process units remain an important growth engine, but it is a strategic segment for the growth of biopharma and life sciences. In Germany, the first plant outside China was built at this time. The high level of 8.2 billion eights is the basis for the future growth of income. With a share of about 86.8%of the groups turnover, the companys major business divisions have invested $ 2.9 billion. It was capped at six million euros in 2021 6 million euros in 2021 2 billion euros. 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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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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