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Asian stocks decline in response to poor China trade statistics and US economic data

Asian shares fell as investors took no cheer from strong U.S. economic data and weakerthanexpected Chinese trade numbers. The broader MSCI index of As

Asian shares fell as investors took no cheer from strong U.S. economic data and weakerthanexpected Chinese trade numbers. The broader MSCI index of Asia Pacific equities outside of Japan fell 1.6% in morning trading. Chinese export growth slowed in August as rising inflation held back foreign demand. The yuan further weakened, depreciating 0.36% to 6.98 per dollar and approaching 7perdollar mark. Closed Shares in Hong Kong fell 1.73%, dragged down by the main tech index, which extended losses to 2.33% on fresh regulatory warnings.Emini futures for the S&P 500 fell 0.51%, while the panregion Euro Stoxx 50 futures were down 1.29%. Other Asian currencies fell as US bond yields rose against the dollar. In energy markets, crude oil prices stumbled on weaker consumption forecast, with Brent was at $91.7 per barrel and US crude at $85.4 per barrel. Read More..

B2B Tech News | 2 years ago        

The European market for myopia and bright lenses will grow at a CAGR of 7.2% annually until 2028

Report on the European Bluray Myopia Lenses Market Size, Share, and Industry Trend Analysis by Distribution Channel Retailers, Hospitals & Clinics, &

Report on the European Bluray Myopia Lenses Market Size, Share, and Industry Trend Analysis by Distribution Channel Retailers, Hospitals & Clinics, & ECommerce, Type Single, Bifocal, Trifocal, Country, and Forecast Increase, 2022, and so on. Report 2028 has been added to ResearchAndMarkets.coms Recommendations. The European AntiBlue Light Myopia Lens Market is expected to register a market growth rate of 7.2% CAGR during the forecast period 20222028. The German market dominated the blue light myopia lens market in a European country in 2021. The UK market is expected to grow at a CAGR of 6.4% during the period 2022–2028. The UK market is projected to grow at a CAGR of 6.4% 2022–2028. Read More..

B2B Tech News | 2 years ago        

Reliance is going to purchase 79.4% of USbased SenseHawk Inc

SenseHawk is an earlystage developer of softwarebased management tools for the solar energy generation industry. SenseHawk helps accelerate solar proj

SenseHawk is an earlystage developer of softwarebased management tools for the solar energy generation industry. SenseHawk helps accelerate solar projects from planning to production, helping companies streamline processes and use automation. The move follows the recent succession plan that Mukesh Ambani has put in place as the conglomerate seeks to expand into the New Energy. SenseHawk Inc. was founded in 2018 by Rahul Sankhe and Swarup Mavanoor to create synergistic and unique solutions with greater value for solar customers. The SenseHawk team sees strategic value in partnering with RIL, one of the largest global infrastructure companies, and looks forward to this next stage of our growth. Covington & Burling LLP and Khaitan & Co. acted as legal counsel and Deloitte as RILs accounting and tax advisor Read More..

B2B Tech News | 2 years ago        

Tabby Expands BNPL Payment Model to Egypt

The goal of Tabbys expansion in Egypt, the thirdlargest economy in the Arab world, is to assist Egyptians in maintaining financial discipline and ma

The goal of Tabbys expansion in Egypt, the thirdlargest economy in the Arab world, is to assist Egyptians in maintaining financial discipline and maximizing their income. Tabby provides flexible, interestfree payment options to customers as the cost of living continues to rise. According to a report by Research and Markets, Egypts BNPL market is expected to grow by 132.8% annually to $434.7 million in 2022. According to the company, Tabbys expansion into Egypt, the thirdlargest economy in the Arab world, aims to assist Egyptians in maintaining financial discipline and maximizing their income. Read More..

B2B Tech News | 2 years ago        

Global Market Report on Robotic Vacuum Cleaners 2022 Increasing Investments in the Development of New Technologies Fueling Sector Growth

The global robotic vacuum cleaners market is expected to grow from $5.59 billion in 2021 to $6.83 billion in 2026 at a CAGR of 6.9%. The Asia Pacific

The global robotic vacuum cleaners market is expected to grow from $5.59 billion in 2021 to $6.83 billion in 2026 at a CAGR of 6.9%. The Asia Pacific was the largest region in the robotic vacuum cleaner market in 2021. North America, Europe, South America, the Middle East, and Africa are covered in the report. Increasing investment in developing new technologies for robot vacuum cleaners is contributing to the growth of the market. Robot vacuums are expensive, making potential consumers think twice about investing in them. In 2019, iRobots recently launched Roombas robot vacuums are extremely expensive in the United States. These factors are expected to negatively impact the robotic vacuum cleaner market. Rising investments and support from the government contribute to the growth of the market. Read More..

B2B Tech News | 2 years ago        

Hungary creates an anticorruption body to open up the EU budget

Hungary will establish an anticorruption authority and a working group with participation from nongovernmental organizations to monitor the use of EU

Hungary will establish an anticorruption authority and a working group with participation from nongovernmental organizations to monitor the use of EU funds. Budapests action aims to release EU funds as Prime Minister Viktor Orbans administration is engaged in conflict with Brussels. Hungary has been waiting for permission from the European Commission to access funds intended to help economies recover from the COVID19 pandemic. Hungary will establish a stricter than ever and extremely transparent system for monitoring the use of EU funds and procurement contracts, according to Gergely Gulyas. Read More..

B2B Tech News | 2 years ago        

Relying on a spending binge to meet its renewable energy objectives

Mukesh Ambani, president of Reliance Industries Limited RIL, told investors at the 2022 Annual General Meeting AGM that the company will install a 20

Mukesh Ambani, president of Reliance Industries Limited RIL, told investors at the 2022 Annual General Meeting AGM that the company will install a 20 GW solar power plant by 2025 and a 100 GW solar power plant by 2030. By 2030. by 2021, RIL had set aside Rs 75,000 crore to devote itself to the renewable energy sector. The company has also entered into strategic partnerships with several green energy companies. In October 2021, RIL acquired a 100% stake in the Norwegian REC Solar Holdings AS from the Chinese group Bluestar for $ 771 million. In February 2021, it purchased the worlds first shipment of carbon neutral oil from Oxy Low Carbon Ventures OLCV. OLCV is a division of the American oil company Occidental. Read More..

B2B Tech News | 2 years ago        

Hungary plans to invest 16 billion euros to reduce dependence on gas by 2030

To increase electricity production, increase storage capacity, and reduce reliance on gas imports, Hungary plans to invest up to 16 billion euros by 2

To increase electricity production, increase storage capacity, and reduce reliance on gas imports, Hungary plans to invest up to 16 billion euros by 2030. In July, the administration of Prime Minister Viktor Orban lifted a longstanding cap on utility costs for households with higher usage. Hungary receives 3.5 billion cubic meters bcm of gas annually from Russia via Bulgaria and Serbia as part of a longterm agreement signed last year, before the outbreak of the conflict in neighboring Ukraine, and an additional one bcm via a pipeline from Austria. Read More..

B2B Tech News | 2 years ago        



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