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U.S. Senate passes legislation to increase chip production and compete with China

The Chips and Science act provides about $52 billion in subsidies for United States semiconductor production and an investment tax credit for chip pla

The Chips and Science act provides about $52 billion in subsidies for United States semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion. It also authorizes more than $170 billion over five years to boost scientific research to better compete with China. The Chinese Embassy in Washington said China firmly opposed the bill which and it said was entrenched in the Cold War and zerosum game mentality. Most of the funding was slated for new factories that will take two or three years to build. Lawmakers said they normally would not support hefty subsidies for private businesses but agreed that China and the European Union have been awarding billions in incentives. Read More..

B2B Tech News | 2 years ago        

Kenya’s Weak Shilling Hurts Supplies to UN Agencies

Last year, local vendors provided the UN with goods and services worth $529.5 million Sh62.8 billion. Since last year, the shilling has been losing gr

Last year, local vendors provided the UN with goods and services worth $529.5 million Sh62.8 billion. Since last year, the shilling has been losing ground against the dollar, losing 5% of its value annually. Kenya, which has more than 22,000 suppliers registered with UNMG, continues to be the top supplier. The supply is worth $2.33 billion Sh272.7 billion. Because supplies were affected by the weak shilling, traders had to spend more to import goods. Read More..

B2B Tech News | 2 years ago        

More than half of CIOs want to increase their staff

53% of CIOs are planning to expand their current headcount, while 35% will maintain their headcount. 9% will freeze hiring, and just 2% intend to redu

53% of CIOs are planning to expand their current headcount, while 35% will maintain their headcount. 9% will freeze hiring, and just 2% intend to reduce headcount over the next six months. 73% of employers across all industries think it will be even more challenging to find qualified employees. The report says digital transformation and business expansion agendas are driving hiring demand. The soft skills that are hardest to find, according to Australias CFOs include management expertise 52% project management skills 51%, and commercial acumen 51%. Robert Half Australia managing director David Jones says there have been historically low unemployment and high job vacancy rates over the past 12 months. The current tight labor market is being driven by buoyant job creation and already high participation rates, he says. Read More..

B2B Tech News | 2 years ago        

Bank of America, BNY Mellon and Citi, $20 million strategic investment in Genesis Global

Genesis Global declared a new $20 million investment from Bank of America, BNY Mellon, and Citi. It follows the $200 million Series C funding announce

Genesis Global declared a new $20 million investment from Bank of America, BNY Mellon, and Citi. It follows the $200 million Series C funding announced in February. We are excited to work with these partners on many innovative projects, said Stephen Murphy, the companys CEO. By 2021, Genesis will triple its revenue and team size. Financial services organizations use Genesis across the entire software value chain to automate processes, optimize existing systems, replace legacy technologies, and build new, reliable applications for the first time. Citi was first funded in Genesis in late 2020. Read More..

B2B Tech News | 2 years ago        

Ireland will appoint fresh data privacy commissioners

Irelands Data Protection Commission DPC is the lead regulator in Europe for tech giants. The DPC has been criticized for long, plodding investigations

Irelands Data Protection Commission DPC is the lead regulator in Europe for tech giants. The DPC has been criticized for long, plodding investigations into big tech multinationals. Pressure has been building for a panEuropean approach to data and privacy protection. The European Data Protection Commissioner for Standards and Markets, Anne Dixon, has said staffing levels need to be increased at the regulator. But she dismissed calls for another two commissioners to be appointed to speed up the processing of backlogs in cases under new EU privacy rules. Read More..

B2B Tech News | 2 years ago        

South Africa turns to renewable energy, gas and batteries to end power cuts.

South African President Cyril Ramaphosa has promised to end the countrys frequent blackouts by investing in renewable energy, gas and batteries. Witho

South African President Cyril Ramaphosa has promised to end the countrys frequent blackouts by investing in renewable energy, gas and batteries. Without a stable supply of electricity for over 10 years, South Africans are naturally frustrated and angry, he said. The opposition Democratic Alliance said the plan was taken straight from the prosecutors playbook and should have been presented much earlier. South Africa has set a goal of net zero by 2050 and is negotiating a groundbreaking just transition deal with rich countries. A call for proposals for battery storage that can store renewable energy when needed will be published in September. Licensing requirements for renewable energy are waived, and homes and businesses can sell rooftop solar to the grid. Read More..

B2B Tech News | 2 years ago        

DeepMarkit has partnered with Flowcarbon to organize the ReFine Our Future event in Paris

MintCarbon.io, a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting credits into nonfu

MintCarbon.io, a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting credits into nonfungible tokens , is pleased to announce that it participated as a partnerlevel participant alongside Flowcarbon Inc. at the ReFine Our Future An Immersive Flowcarbon Event that was held on July 20, 2022, in Paris, France. The ReFi Event featured a gallery of carbon credit NFTs that have been minted via the Companys proprietary MintCarbon platform. The event pulled together various experts and an interactive experience that highlighted novel ways to drive capital to carbon projects. DeepMarkit Corp. is a company aimed on democratizing access to the voluntary carbon offset market by minting credits into NFTs. It recently raised US$70 million from a group of investors that included Andreessen Horowitzs crypto arm known as a16z. Read More..

B2B Tech News | 2 years ago        

Japans Nikkei ended gains in chip stocks

Japans Nikkei reversed course and closed Wednesday, sparking a rise in chip limits. The benchmark opened slightly lower on Tuesday after Wall Street f

Japans Nikkei reversed course and closed Wednesday, sparking a rise in chip limits. The benchmark opened slightly lower on Tuesday after Wall Street fell sharply on earnings warnings from Walmart. On Wednesday, the Fed is expected to announce a rate hike of 0.75 percentage points to curb inflation. On Wednesday, the Fed will announce a 0.75 percentage point interest rate hike to curb inflation, with markets pricing the risk at about 10% higher. Read More..

B2B Tech News | 2 years ago        



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