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Ford, Argo AI, backed by VW, fires 150 workers, delays hiring

Argo AI has laid off about 150 people and slowed the pace of hiring, sources say. The Pittsburghbased startup is backed by Ford and Volkswagen. The la

Argo AI has laid off about 150 people and slowed the pace of hiring, sources say. The Pittsburghbased startup is backed by Ford and Volkswagen. The layoffs were widespread, affecting digital media and communications employees as well as members of its operations teams. It is the latest tech company to reduce its workforce as recession fears grow. The company is still hiring and has dozens of engineering, legal, program management, and fleet operations positions open. Argo began selfdriving in Miami and Austin in May 2022. Read More..

B2B Tech News | 2 years ago        

Germany will provide a financial aid of 2 billion euros to the gas importer VNG

The German government wants to provide financial assistance of up to 2 billion euros to gas importer Verbundnetz Gas Agbo VNGn. The move is part of th

The German government wants to provide financial assistance of up to 2 billion euros to gas importer Verbundnetz Gas Agbo VNGn. The move is part of the governments plan to avoid an energy crisis amid fears of fuel shortages and rising kerosene prices. Germany is facing a scarcity of energy as supplies from Russia fall or nonRussian gas prices increase. Earlier this week, VNG and Norwegian Equinor agreed to expand their existing partnership for natural gas in new areas of lowcarbon hydrogen and ammonia, capture, capture, and marine storage of CO₂ CCU and CCS. Read More..

B2B Tech News | 2 years ago        

AHPC statement on the COVID19 winter update and ongoing health protection measures to support our community

The AHPPC is warning of a new wave of infections driven by the BA.4/BA.5 Omicron subvariants. This wave will lead to a significant increase in infecti

The AHPPC is warning of a new wave of infections driven by the BA.4/BA.5 Omicron subvariants. This wave will lead to a significant increase in infections, hospitalizations, and, unfortunately, deaths, at a time when our communities and our health systems are already under pressure. Vaccination remains the most important protection against serious illness. Now is the time for all of us to take action to protect ourselves, our loved ones, the healthcare system, those most at risk, and the community at large. Read More..

B2B Tech News | 2 years ago        

FG reviews currency policy to curb inflation President of NBCC

Nigerias Monetary Policy Committee MPC has raised rates by 0.25 percent to contain inflation, control the money supply, and prevent capital flow rever

Nigerias Monetary Policy Committee MPC has raised rates by 0.25 percent to contain inflation, control the money supply, and prevent capital flow reversal and further depreciation of the Naira. The impacts for businesses, however, are that cost of funds would be higher as banks would reprice existing loans to reflect the change in the base rate. Since lending to the private sector may contract, we are not optimistic about the Purchasing Managers Index data for the next few months. The NBCC says the government must review the 41item FX restriction list and reduce borrowing from the Central Bank of Nigeria CBN to contain inflation. Read More..

B2B Tech News | 2 years ago        

South Korea is allocating $ 625 million to beat extraordinary inflation

The abolition of tariffs on some food imports and greater social assistance for lowincome workers are just two of the steps the administration outline

The abolition of tariffs on some food imports and greater social assistance for lowincome workers are just two of the steps the administration outlined to help lower peoples living expenses. According to Park SangHyun, an economist, at HI Investment & Securities, next week the central bank is expected to raise interest rates by 50 basis points. While President Yoon, who took office two months ago, battles declining support, inflation has primarily sprung from abroad in a nation that mainly imports food, oil, and industrial goods. Read More..

B2B Tech News | 2 years ago        

The Eastern European supply chain will be restructured to help delivery to Ukraine

Eastern European ports have identified alternative export routes for goods from Ukraine, which is at war with Russia. Romania recently reopened a Sovi

Eastern European ports have identified alternative export routes for goods from Ukraine, which is at war with Russia. Romania recently reopened a Sovietera railway linking Ukraine to the port of Galati on the Danube. The port of Giurgiulesti in Moldova also contributed to bringing grain and fuel to Ukraine. Since the beginning of the war, the port of Constanta has played an important role as a major hub for Ukrainian goods. To reduce congestion, Maersk has decided to open the Safiport terminal in Turkey. Read More..

B2B Tech News | 2 years ago        

International arrivals to South America set to rise from a horrendous 3.3 million in 2021 to 35.5 million by 2024

South America missed out on $49.2 billion* in tourism spending over the next two years due to the COVID19 pandemic. GlobalDatas latest report reveals

South America missed out on $49.2 billion* in tourism spending over the next two years due to the COVID19 pandemic. GlobalDatas latest report reveals international tourism will recover to 35.5 million visitors by 2024, with tourism expected to bring in $32.9 billion in the same year. The region has seen a sudden return of international visitors, and the country should return to just over the levels it reached in 2019 by 2024. Read More..

B2B Tech News | 2 years ago        

Samsung Electronics expects 2Q profits to increase by 11.4 percent.

Samsung Electronics expects operating profits in the 2nd quarter to rise 11.4%. The worlds biggest smartphone maker forecast secondquarter operating p

Samsung Electronics expects operating profits in the 2nd quarter to rise 11.4%. The worlds biggest smartphone maker forecast secondquarter operating profits of about 14 trillion won $10.7 billion, up from 12.6 trillion won in the same quarter last year. Samsung shipped 74.5 million smartphones in the first quarter, according to global research firm Counterpoint. Samsung Electronics has aggressively stepped up investment in its semiconductor business. Last week, the company became the worlds first chipmaker to massproduce advanced 3nanometer microchips. The new chips will be smaller, more powerful, and more efficient, and will be used in highperformance computing applications before being integrated into devices like mobile phones. Read More..

B2B Tech News | 2 years ago        



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