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BUSINESS NEWS

LONGi Inks 576 MW Solar Technology Deal for Romanian Project with Nofar Energy

A 576 MW technology sales deal has been inked by Israeli company Nofar Energy and Chinese solar panel manufacturer LONGi for a solar project in Romani

A 576 MW technology sales deal has been inked by Israeli company Nofar Energy and Chinese solar panel manufacturer LONGi for a solar project in Romania. This agreement is the biggest of its sort ever inked in Romania. The project is scheduled to start construction this year and go into service in 2025, utilising LONGi machinery. The initiative comes after Nofar Energy purchased the biggest solar park in Romania last year, located in Corbii Mari, Dâmboviţa County. With a 255 MW capacity, the Corbii Mari project is an extension of Nofar Energys 2021 deal for a 153 MW solar park in Răteşti, Argeş County. Read More..

B2B Tech News | 3 months ago        

Telecom Egypt Raises Landline Internet Prices Citing Operational Costs

Since January 5, Telecom Egypt has announced a price hike for its landline internet packages, citing the necessity to maintain services in the face of

Since January 5, Telecom Egypt has announced a price hike for its landline internet packages, citing the necessity to maintain services in the face of growing operating expenses. The nations top telecom provider, the business, will help facilitate remote study and lessen the burden on pupils by providing free access to educational websites. As the corporation deals with growing operating expenditures, the pricing modifications include hikes for various internet packages, ranging in size from 140 GB to 1 TB. This action comes after recent hikes in Egypts mobile phone, metro, and power rates. Read More..

B2B Tech News | 3 months ago        

U.S. Removes Uganda and Three Other African Nations from AGOA Trade Program

Uganda and three other African nations—the Central African Republic, Gabon, and Niger—were kicked out of the African Growth and Opportunity Act AG

Uganda and three other African nations—the Central African Republic, Gabon, and Niger—were kicked out of the African Growth and Opportunity Act AGOA by the United States at the end of December. This choice may significantly affect Ugandas economy as it will limit the countrys capacity to export specific goods to the US taxfree. Under AGOA, qualifying subSaharan African nations can import more than 1,800 goods dutyfree from the US. After passing the contentious AntiHomosexuality Act last year, which raised questions about potential human rights abuses, Uganda was kicked out of AGOA. Read More..

B2B Tech News | 3 months ago        

U.S. Chip Stocks, Including AMD and Qualcomm, Decline Amid Broader Market Trends

The PHLX semiconductor index fell 2.1% as a result of decreases in U.S. chip companies, notably Advanced Micro Devices AMD, Qualcomm QCOM, and Broadco

The PHLX semiconductor index fell 2.1% as a result of decreases in U.S. chip companies, notably Advanced Micro Devices AMD, Qualcomm QCOM, and Broadcom AVGO. Since December 27, when the index hit a record high, it has decreased by over 7%. As investors wait to learn more about interest rate policy from the Federal Reserves December meeting minutes, this dip is part of a more significant trend on Wall Street. Anticipations of interest rate decreases and excitement regarding artificial intelligence caused the PHLX semiconductor index to rise by 65% in 2023. Leading AIrelated chip maker Nvidia had a quadruple increase in stock market value in 2023. Read More..

B2B Tech News | 3 months ago        

US Dollar Gains Strength, Dollar Index Rises Amid Economic Data Anticipation

The US dollar gained momentum in the financial markets, raising the dollar indexs value relative to other major currencies. The currency market change

The US dollar gained momentum in the financial markets, raising the dollar indexs value relative to other major currencies. The currency market changed before the release of vital economic statistics, such as US job data and European inflation numbers. Investors are carefully monitoring these indicators to get insight into possible actions by central banks, especially the Federal Reserve. With estimates of more than 150 basis points of easing in 2024, the market is now pricing in a strong possibility of interest rate decreases by the Federal Reserve. Meanwhile, a noteworthy surge in Bitcoin occurred, leading to a 21month high of $45,532, as anticipation of SEC approval for Bitcoin ExchangeTraded Funds ETFs grew. Read More..

B2B Tech News | 3 months ago        

Argentina and IMF Nearing Agreement on Crucial Loan Program Review

According to reports, negotiations between Argentina and the International Monetary Fund IMF are approaching the seventh review of Argentinas $44 bill

According to reports, negotiations between Argentina and the International Monetary Fund IMF are approaching the seventh review of Argentinas $44 billion loan programme. Completing this evaluation is an essential prerequisite for the delivery of the next financing tranche. Due to a change in leadership, negotiations between government representatives and IMF staff representatives had to be postponed. However, rumours say an agreement is near, and Argentina aims for approval this month. The review is essential for realigning the contract as it updates the programs performance requirements until September. If approved, it may release around $3.3 billion in payments. Read More..

B2B Tech News | 3 months ago        

Barclays Downgrades Apple Stock to Sell Amid Concerns Over Weak Demand

Barclays reduced its rating on Apples stock to "sell," citing worries about the companys projected sluggish demand in 2024 for its products, which inc

Barclays reduced its rating on Apples stock to "sell," citing worries about the companys projected sluggish demand in 2024 for its products, which include the Mac and iPhone. This action follows a roughly 50% increase in Apples stock in 2023, which saw it hit a record high in midDecember. Due to decreased demand, Apples projected holidayquarter sales fell short of Wall Street projections. The second brokerage to rate the company as a "sell" was Barclays, and their downgrading caused Apples shares to fall by over 3.6%, reaching a sevenweek low. Risks to the services industry and worries about Chinas vulnerability were also discussed. Read More..

B2B Tech News | 3 months ago        

Tesla Clinches Top Spot in Norways Car Sales for Third Consecutive Year

For the third year in a row, Tesla has topped the Norwegian auto sales charts in 2023, taking a 20% market share, up from 12.2%. In Norway, batterypow

For the third year in a row, Tesla has topped the Norwegian auto sales charts in 2023, taking a 20% market share, up from 12.2%. In Norway, batterypowered vehicles accounted for nearly five of every six new automobiles sold last year. In 2023, 82.4% of new vehicle sales were electric, up from 79.3% in 2022. Tesla has succeeded despite an ongoing dispute with Nordic labour unions over the companys refusal to grant Swedish mechanics demands for the right to collective bargaining. By 2025 the Norwegian government wants to stop selling automobiles that run on petrol and diesel. Read More..

B2B Tech News | 3 months 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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