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Metigy, a troubled tech company, declares bankruptcy while owing $32 million.

An Australian tech company with $32 million in debt has filed for bankruptcy. Metigy, which provides artificial intelligence platforms for marketing p

An Australian tech company with $32 million in debt has filed for bankruptcy. Metigy, which provides artificial intelligence platforms for marketing purposes to small and mediumsized enterprises SMEs, went public late last month.. But on Friday, creditors voted to liquidate the company. The two appointed administrators, Simon Cathro and Andrew Blundell, are now acting as the liquidators of the company.A day before Metigy collapsed, a damning report from administrators filed with The ASIC said the company had been insolvent for some time, at least since November 14 last year.The CEO and sole director loaned $7.7 million to his firm to complete a personal property settlement. Read More..

B2B Tech News | 2 years ago        

N Gage, DCarbon Announces Strategic Coordination to Accelerate Climate Action, Sustainability in Egypt, MENA

N Gage and DCarbon launched a partnership to help businesses and organisations in Egypt and the MENA region turn their commitments to sustainability a

N Gage and DCarbon launched a partnership to help businesses and organisations in Egypt and the MENA region turn their commitments to sustainability and the environment into realworld accomplishments. The collaboration between N. Gage and DCarbon represents a cuttingedge in public policy competence. Ehab Shalaby, chair of DCarbon Egypt, said Effective partnerships are at the core of policymaking.The pressure to promote climate change and sustainability action is influencing local and international policies as the 27th UN Conference of Parties on Climate Change COP27 approaches. Read More..

B2B Tech News | 2 years ago        

Despite European Energy Crisis Weighing on Global Risk Assets, Sensex, Nifty Rise

The Sensex index is up 286.36 points at 59,089.69 in early trading and the NSE Nifty50 index is up 77.9 points at 17,617.35. The biggest gainers on th

The Sensex index is up 286.36 points at 59,089.69 in early trading and the NSE Nifty50 index is up 77.9 points at 17,617.35. The biggest gainers on the Nifty 50 index were Hindalco Industries, an aluminum and copper producer, and JSW Steel, up 1.8% and 1.1%, respectively. Comes after the worst week for global equities since falling to bear market lows in June. Sensex, Nifty Gain defies global darkness ahead of key US jobs data. European futures fell 3% as markets priced in higher recession risk. While EUROSTOXX 50 futures were expected to start bearish, Wall Street fared better. Japans Nikkei fell 0.3%, while the broader MSCI index of Asia Pacific equities outside of Japan fell 0.1%. Read More..

B2B Tech News | 2 years ago        

Charge the sodium ion type How India can drive the electric mobility sector

KPIT Technologies, based near Pune, has been discreetly developing sodiumion battery technology for the past six years. According to the executives, t

KPIT Technologies, based near Pune, has been discreetly developing sodiumion battery technology for the past six years. According to the executives, they have begun looking for partners to produce the batteries in India using their expertise. Sodiumion batteries are viewed as a substitute for or addition to more costly lithiumion batteries. Compared to lithiumion batteries, sodiumion batteries charge more quickly and have a longer lifespan. For example, it can charge a threewheeler battery up to 80% in seven or eight minutes. The disadvantage is that the average range is at least 30% lower than that of a lithium ion battery. Read More..

B2B Tech News | 2 years ago        

The closing of gas pipelines to Europe by Russia will lead to the lowest level of the euro

The closing of Russias Nord Stream pipeline raised concerns about energy scarcity, rising costs, and a drag on the economy, which caused the euro to d

The closing of Russias Nord Stream pipeline raised concerns about energy scarcity, rising costs, and a drag on the economy, which caused the euro to decline and test a twodecade low. The yen was under pressure around a 24year low while the U.S. dollar index reached a 20year high. According to Carol Kong, senior associate for international economics and currency strategy at Commonwealth Bank of Australia, everything is pointing to a lower euro. A new twodecade high was reached by the US dollar index, briefly exceeding 110. Read More..

B2B Tech News | 2 years ago        

With its most recent preseed, Cazoo of Egypt hopes to disrupt the used car market for $30 million

Khorsami, an Egyptian online retailer of quality used cars and car finance, has secured seed funding led by Contact Financial Holdings. Karzemi plans

Khorsami, an Egyptian online retailer of quality used cars and car finance, has secured seed funding led by Contact Financial Holdings. Karzemi plans to use the funding to transform Egypts used car market with a goal of $30 million in revenue by 2024. The company strives to constantly increase its inventory, expand its transport fleet, improve its operating technology and create a modern restoration center. Karzami founders Hossein Hosseini and Adham Hosni said “We aim to change the way used cars are bought and sold by providing a onestop shopping platform that offers premium buying, selling and financing options. Read More..

B2B Tech News | 2 years ago        

The Australian government announces the first offshore wind farms

The Gippsland region off the Victorian coast has been chosen as a potential area for development of offshore renewable energy projects. This is the fi

The Gippsland region off the Victorian coast has been chosen as a potential area for development of offshore renewable energy projects. This is the first major announcement under the 2021 Offshore Electricity Infrastructure Act, which provides for the development of an offshore wind industry in Australia. The federal government has begun a consultation exercise on the proposal to declare the area suitable for development. Once a declaration is made, the minister will grant feasibility licences to developers. Developers have been given seven years to investigate and plan their project.Feasibility licences will give them time to consider a range of factors including the environment, native title interests and the potential impact on commercial and recreational fishing in the area. Read More..

B2B Tech News | 2 years ago        

Indian court orders Telegram to release details on copyright infringing channels

An Indian court has ordered messaging app Telegram to post details of channels involved in copyright infringement. The Delhi High Court ordered the Du

An Indian court has ordered messaging app Telegram to post details of channels involved in copyright infringement. The Delhi High Court ordered the Dubaibased company to provide details such as mobile numbers, IP addresses and email IDs used to upload infringing content.This appears to be the first time a court orders an app to disclose user data specifically related to copyright infringement anywhere. The company argued that disclosing user information would violate its privacy policy and the laws of Singapore, where it has located its physical servers. The court said that copyright owners couldnt be left completely remediless against the actual infringers because Telegram has chosen to locate its servers in Singapore. 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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