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IMF bailout  group calls on the government to make longterm, strategic investments

This encourages the Ghana government to focus on longterm strategic investments. The group says these social and infrastructure investments should foc

This encourages the Ghana government to focus on longterm strategic investments. The group says these social and infrastructure investments should focus on human capital, technology, health, agriculture and roads. In a statement released on July 13, 2022, Think Progress Ghana said Ghana is appealing to the International Monetary Fund IMF for economic support. Mismanagement and corruption have led us to this economic crisis. To claim that external shocks the Covid19 pandemic and the RussoUkrainian war have caused the appalling economic conditions we now face is insincere. We commend President Nana AkufoAddo for finally turning to the IMF for help. Read More..

B2B Tech News | 2 years ago        

Despite the financial cushion of the pandemic, U.S. consumers are worried about inflation

In 2020 and 2021, cash inflows at record rates due to epidemic restrictions on travel and social spending. The inflationadjusted value of liquid ass

In 2020 and 2021, cash inflows at record rates due to epidemic restrictions on travel and social spending. The inflationadjusted value of liquid assets remained the same or decreased, as households were able to travel again, while inflation reduced their real value. The stability of consumer spending depends on whether households focus on their level of real cash holdings high or the rate of change declining rapidly. Consumers expect prices to rise by 5.2% next year and by 2.8% in five years. Read More..

B2B Tech News | 2 years ago        

To rush into IT stocks amid a falling rupee? This is why the reverse bid may not apply in this market

Even when the rupee has sharply depreciated, IT stocks, which usually earn when the local currency depreciates, have been successful. Many IT companie

Even when the rupee has sharply depreciated, IT stocks, which usually earn when the local currency depreciates, have been successful. Many IT companies report revenue and do not consider Street estimates. This has caused a sharp drop in the Nifty IT index, which is at a 52week low. Notable names like Larsen & Toubro Infotech, Tech Mahindra NSE 3.47%, Wipro, L&T Technology Services, Birlasoft NSE 2.29%, Coforge NSE 1.76%, Mindtree NSE 4.16%, Sasken Technologies NSE fell to 45%. They advise that IT stocks have gotten richer in recent years and should not be removed by one or two bad quarters. Read More..

B2B Tech News | 2 years ago        

Business owners in South Africa are furious as power outages hit profits

South Africas outrage over the power outage has turned to unrest, and business owners are complaining that the prolonged power outage crisis is affect

South Africas outrage over the power outage has turned to unrest, and business owners are complaining that the prolonged power outage crisis is affecting profits and limiting economic activity. South Africa suffered a level 6 outage, with several power outages lasting 24 hours a day for almost two weeks. According to the expert Fasanya, companies have to spend money on generators, which increases the cost of their business. The impact on employment is particularly worrying in a country struggling with an unemployment rate of 34.5%. Energy experts and even debtstricken Eskom have urged the government to accelerate investment in renewable energy, especially solar energy, as the best option for rapidly growing energy production. Read More..

B2B Tech News | 2 years ago        

Egypt is looking for wheat from the United States, Canada and Australia at international offers

The deadline for proposals is Tuesday, July 19, and registration opens on the same day. Egypt imported most of its grain from Russia and Ukraine due t

The deadline for proposals is Tuesday, July 19, and registration opens on the same day. Egypt imported most of its grain from Russia and Ukraine due to the end of the RussoUkrainian war. GASC said deliveries will take place between September 1630, October 115, and November 115. Both offers are expected to be delivered between July and October. The Egyptian government allocates most of the imported wheat to make subsidized bread, an essential part of the daily diet of more than 70 million Egyptians. Read More..

B2B Tech News | 2 years ago        

South Sudan African Development Bank provides $ 8.1 million to support food production

The African Banks Board of Directors approved an 8.1 million grant for an emergency food production programme in South Sudan. South Sudan has not been

The African Banks Board of Directors approved an 8.1 million grant for an emergency food production programme in South Sudan. South Sudan has not been selfsufficient in food since 2009. In 2022, approximately 8.9 million people, or more than 70% of the population, received humanitarian aid, including 4.6 million children. This project will lead to a sustainable increase in the countrys agricultural products and productivity, increase incomes, and improve the quality of life of farmers. The African Development Bank Group launched the $ 1.5 billion Emergency Food Fund in Africa in May. Read More..

B2B Tech News | 2 years ago        

WPP buys electronics company Corebiz

WPP has announced the acquisition of Corebiz, a Latin American ecommerce company specializing in VTEX implementations. The Brazilian divisions of the

WPP has announced the acquisition of Corebiz, a Latin American ecommerce company specializing in VTEX implementations. The Brazilian divisions of the company will join the global network of VMLY & R COMMERCE. Felipe Macedo and Renan Mota, owners, and CEO of Corebiz said Our goal is to bring this experience to the rest of the world. Beth Ann Kaminkow, Global CEO of VMLY & R COMMERCE, said Efforting our creative business to make a difference for our customers daily is a key component to building relevant brands. Over the past two and a half years, companies in Latin America and around the world have noticed the business impact of strong digital marketing strategies and are looking to expand their presence in ecommerce, said Stefano Zunino, WPP’s regional manager in Brazil. Business opportunities Read More..

B2B Tech News | 2 years ago        

Arcadis acquires IBI Group

An agreement has been reached between Arcadis and IBIB Group regarding a suggested, allcash offer of C$19.50 per share. Arcadis position as a digital

An agreement has been reached between Arcadis and IBIB Group regarding a suggested, allcash offer of C$19.50 per share. Arcadis position as a digital leader will be bolstered by the acquisition of the innovative, techfocused design firm from IBI Group. The new business will be North Americas and perhaps the worlds top architectural firm. It will launch IBIs technology initiatives in the intelligence sector across Arcadis extensive global footprint. Additionally, it will increase the breadth and depth of its infrastructure and environmental services capabilities. Read More..

B2B Tech News | 2 years ago        



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