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Emerson Reaffirms $265/Share Offer for Aspen as “Best and Final”

To purchase Aspen Technology AZPN.O, Emerson Electric EMR.N reiterated that $265 per share was its "best and final" price. The announcement comes afte

To purchase Aspen Technology AZPN.O, Emerson Electric EMR.N reiterated that $265 per share was its "best and final" price. The announcement comes after activist investor Elliott Management opposed the $7.2 billion tender offer by investing $1.5 billion in Aspen. Emerson wants to buy the remaining shares in the industrial software provider Aspen, which currently owns 57%. According to UBS analysts, Aspens break price is about $202, which reduces the likelihood of a price increase. The allcash tender offer expires on 10 March, contingent on meeting the minimum required shares. Read More..

B2B Tech News | 3 months ago        

Groq Secures $1.5 Billion from Saudi Arabia to Boost AI Chip Expansion

Saudi Arabia has committed $1.5 billion to help U.S. semiconductor firm Groq increase the delivery of AI chips. The Silicon Valley company, which spec

Saudi Arabia has committed $1.5 billion to help U.S. semiconductor firm Groq increase the delivery of AI chips. The Silicon Valley company, which specialises in AI inference processors that optimise speed, has an agreement with Aramco Digital to establish a regional AI hub. Groq has secured U.S. export permits for its chips and plans to utilise the money to expand its data centre in Dammam. The news was made at Saudi Arabias LEAP 2025 event, where $14.9 billion in AI investments were secured. The Dammam centre will support Allam, a Saudideveloped AI language model in Arabic and English. After receiving $640 million from investors like Cisco, Samsung Catalyst Fund, and BlackRock, Groq was valued at $2.8 billion in August. Read More..

B2B Tech News | 3 months ago        

Central African Republic Launches $CAR Meme Coin to Boost Global Profile

A meme coin called $CAR has been introduced by the Central African Republic CAR as part of President FaustinArchange Touaderas initiative to raise the

A meme coin called $CAR has been introduced by the Central African Republic CAR as part of President FaustinArchange Touaderas initiative to raise the nations visibility internationally. CAR has been utilising Bitcoin as legal cash for almost three years, and now it is leveraging the meme coin to promote national development and bring people together. With little realworld application, meme coins—frequently linked to online trends—are highly erratic. Despite having abundant natural resources, the CAR is nonetheless poor and often targets rebel attacks. The campaign comes after the $Trump joke coin temporarily soared before plummeting. Government efforts are underway to restore the suspended X account for $CAR upgrades. According to CoinGecko, the cryptocurrency was trading at $0.22 on Monday. Read More..

B2B Tech News | 3 months ago        

Saudi Arabia Unveils 1.5 GW AI Project in NEOM’s Oxagon with DataVolt

In its Oxagon industrial zone, Saudi Arabias NEOM has teamed up with DataVolt to build a 1.5 GW netzero AI project. The first phase of the project, wh

In its Oxagon industrial zone, Saudi Arabias NEOM has teamed up with DataVolt to build a 1.5 GW netzero AI project. The first phase of the project, which will cost $5 billion, is expected to begin in 2028. The monarchy is up against competition from the UAE and Qatar, which use their financial might and energy resources to create an AI hub. Saudi Arabias Public Investment Fund is developing a $40 billion AI investment fund. NEOM, a key component of Vision 2030, seeks to lessen dependency on oil income, positioning Oxagon as a renewable energypowered industrial metropolis. Nevertheless, the prioritisation of critical projects necessary for staging international athletic events has been brought about by increased expenses. Read More..

B2B Tech News | 3 months ago        

India Engages EU on Trade Barriers, Deforestation Act Concerns

According to Commerce and Industry Minister Piyush Goyal, India is actively interacting with the European Union EU to resolve issues associated with t

According to Commerce and Industry Minister Piyush Goyal, India is actively interacting with the European Union EU to resolve issues associated with the EUs new trade restrictions, such as the Deforestation Act. To make sure that these procedures dont negatively impact Indian industry, the government wants to streamline them. Goyal stressed that India will use bilateral talks and multilateral trade organisations to resolve any unfair trade barriers that are put in place. He also underlined the significance of taking firm action against unfair trade practices and reciprocity in quality certification. Read More..

B2B Tech News | 3 months ago        

Russia Moves to Regulate Crypto Mining with New Equipment Registry

Russia is strengthening its control over cryptocurrency mining by suggesting a required registry for mining equipment. Under the direction of Deputy E

Russia is strengthening its control over cryptocurrency mining by suggesting a required registry for mining equipment. Under the direction of Deputy Energy Minister Yevgeny Grabchak, the project seeks to minimise excessive energy usage and provide a more precise classification for mining activities. Even though "grey mining" is prohibited in some areas, miners continue to work from their homes and garages. Taxpayers can now declare their cryptocurrency earnings in Russia, the secondlargest cryptocurrency mining hub in the world after the United States. Officials are not sure the prohibition will stop illicit mining activities, though. Read More..

B2B Tech News | 3 months ago        

Egypt’s Urban Inflation Falls to 23.0% in January, Easing Price Pressures

A recent survey found that Egypts annual urban inflation fell from 24.1% in December to 23.0% in January. Even though the cost of building materials f

A recent survey found that Egypts annual urban inflation fell from 24.1% in December to 23.0% in January. Even though the cost of building materials fluctuates, analysts explain the drop to a favourable base effect and constant food and pharmaceutical prices. Additionally, a decline in core inflation to 21.8% is anticipated. Following an inflation peak of 38% in September 2023, this represents more alleviation. Rapid money supply expansion, which reached a record 31.07% in 2024, is still a worry. CAPMAS is scheduled to announce its official inflation data on Monday. Read More..

B2B Tech News | 3 months ago        

Nissan Ends Merger Talks with Honda, Explores New Partnerships

According to insiders, Nissan has terminated its merger negotiations with Honda after turning down a plan to become a subsidiary. Nissan is currently

According to insiders, Nissan has terminated its merger negotiations with Honda after turning down a plan to become a subsidiary. Nissan is currently looking to collaborate with IT companies, such as Foxconn in Taiwan, as part of its openness to new alliances. Foxconn had previously approached Nissan about an EV collaboration but was rejected. Growing disagreements prevented the successful Honda purchase from creating the thirdlargest carmaker in the world. Before the companys Q3 earnings report, Nissans board is anticipated to announce its departure formally. The companys next course of action is yet unknown as it is in a turnaround phase, having reduced capacity by 20% and 9,000 employees. 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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