Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

While confirming a $800M raise, Klarnas valuation fell by 85% to $6.7B

European fintech Klarna has confirmed that it has raised $800 million at a pretty valuation drop. Initial reports suggested this valuation would be in

European fintech Klarna has confirmed that it has raised $800 million at a pretty valuation drop. Initial reports suggested this valuation would be in the region of $15 billion. Klarna is best known as a buy now, pay later service provider. The round consists of a slew of new and existing investors, including Sequoia, Silver Lake, and Commonwealth Bank of Australia. Klarna was valued at $5.5 billion in 2019, then $10.6 billion in 2020, and $31 billion in 2021.Its valuation reflects what investors think, not necessarily what customers think. It is the only company that has experienced such a drop in value. Rival Klarna Affirm also fell on stormy days, and its shares fell over the past year. Read More..

B2B Tech News | 2 years ago        

The government plans to spend 69 million euros to transform Slovenias ski slopes into yearround resorts

Slovenias Ministry of Economic Development and Technology has allocated 69.14 million euros for 20 projects for the development and renovation of ski

Slovenias Ministry of Economic Development and Technology has allocated 69.14 million euros for 20 projects for the development and renovation of ski slopes in mountain centers during the year. The ministry will assign 63.42 million euros in grants for the reconstruction of 10 projects and 5.71 million euros for additional housing in mountain centers under ten projects. One of two nonselective ski resorts, Kanin is the highest ski resort in Slovenia. We have informed the European Commission about this. And in the coming days, we will discuss how to resolve this situation, Development, and European Cohesion Policy Minister Aleksander Jevšek. Read More..

B2B Tech News | 2 years ago        

$500 million is raised by Lightspeed India for use in Southeast Asia and India

Lightspeed India has raised $500 million for India and Southeast Asia as the firm deepens its commitment to the region. This is part of the $ 7 billio

Lightspeed India has raised $500 million for India and Southeast Asia as the firm deepens its commitment to the region. This is part of the $ 7 billion raised by the fund house. Lightspeed joins the list of a few fund houses that have raised funds in a slowing fundraising cycle. This is one of the largest funds dedicated to India and Southeast Asia, and the companys fourth such fund in four years. Read More..

B2B Tech News | 2 years ago        

Even as demand increases, gas prices continue to decline

Last week, the national average cost of a gallon of gasoline decreased by 12 cents to $4.67. Despite a modest increase in demand, the national average

Last week, the national average cost of a gallon of gasoline decreased by 12 cents to $4.67. Despite a modest increase in demand, the national average fell, most likely as a result of Fourth of July vacation travel. Prices of gas dropped throughout the Commonwealth. The typical pump price in Virginia dropped by 14 cents to $4.46. This week, there may be more significant headwinds for crude prices. The AAA TripTik travel planner allows drivers to find the current gas prices along their route. The company is a component of the biggest motoring and leisure travel company in North America Read More..

B2B Tech News | 2 years ago        

Tema Sinergie creates an aseptic and control partnership

Tema Sinergie has expanded its reach throughout South America. In Colombia, Peru, Ecuador, Panamá, and Honduras, American Farmagrup S.A. has joined f

Tema Sinergie has expanded its reach throughout South America. In Colombia, Peru, Ecuador, Panamá, and Honduras, American Farmagrup S.A. has joined forces with Tema Sinergies Barrier Isolation Technology business segment. The Colombian company can offer glove integrity systems, and aseptic and confinement processes. In accordance with current laws and regulations, the organization also offers a quick and efficient technical service with the ongoing assistance of suppliers. The Colombiabased business continuously strives to grow its commercial endeavors and provide a useful technical service in order to meet the demands of its clients. Read More..

B2B Tech News | 2 years ago        

Morgan Stanley Despite a tumultuous economy, this stock has more than 90% superior potential

The chief U.S. equity strategist at Morgan Stanley, Mike Wilson, sees the strong dollar as a headwind that cannot be avoided, at least not for the for

The chief U.S. equity strategist at Morgan Stanley, Mike Wilson, sees the strong dollar as a headwind that cannot be avoided, at least not for the foreseeable future. To combat it, the Federal Reserve is increasing interest rates and reducing the money supply, but doing so has the immediate result of strengthening the dollar, which will have a detrimental effect on company profitability in international markets. Wilson anticipates that the stock market will continue to tank, particularly when corporate results start to receive negative revisions. In light of this, the stock experts at Morgan Stanley claim that only a small number of people genuinely stand to gain, naming two equities in particular as attractive investment opportunities. Every Bio is a biopharmaceutical business dedicated to creating novel new treatments for retinal illnesses with high. Read More..

B2B Tech News | 2 years ago        

In the African power rental market, Nigeria will drive market growth

The African Power Rental Market was valued at $1,065.2 million in 2021 and is expected to grow at a compound annual growth rate of over 8.0% from 20

The African Power Rental Market was valued at $1,065.2 million in 2021 and is expected to grow at a compound annual growth rate of over 8.0% from 2021 to 2028. The expansion will primarily be driven by low electrification, high population growth, and increasing investments in infrastructure projects. Nigeria is projected to experience the highest growth rate over 10.0 percent, driven by a lack of electricity infrastructure and increasing demand from a rapidly expanding industrial segment. The report on Africa Power Leasing Market is segmented by contract type, fuel, application, power production, and enduser. The oil and gas and mining sectors are expected to continue to dominate the market thanks to rising commodity prices. Some of the companies covered in this report include Aggreko plc., Barloworld, Mantrac, Mikano International Limited, Jubaili Bros, and Generator. Read More..

B2B Tech News | 2 years ago        

Afterpay coCEOs share record $264 million salary, tops list of highestpaid CEOs

Afterpay cofounders Anthony Eisen and Nick Molnar collectively took home a record $264.2 million. The duo cashed in on 1.5 million options at $1 per o

Afterpay cofounders Anthony Eisen and Nick Molnar collectively took home a record $264.2 million. The duo cashed in on 1.5 million options at $1 per option when the share price was at a $90 high. Australias average fulltime wage is expected to be around $94,000 annually in 2021, according to the bureau of statistics. Macquarie Group chief Shemara Wikramanayake remains the highestpaid woman and person of color in a chief executive role in Australia. Given the runaway success of Afterpay, its no surprise as sales of online shopping have increased dramatically during the Covid lockdown. The average fulltime salary in Australia, including overtime and fines, was around $ 94,000 per year in 2021, according to the Australian Bureau of Statistics. Read More..

B2B Tech News | 2 years ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   4148   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   2850   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   3128   

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.
   3328   

5.  Approximately 8 billion gadgets connect on the internet every day.
   4335   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.