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Global stocks were mostly higher after Wall Street hit a threemonth high

U.S. consumer inflation cooled to 8.5% in July from a year earlier. That was down from Junes fourdecade high of 9.1%. Germanys DAX edged 0.2% lower, t

U.S. consumer inflation cooled to 8.5% in July from a year earlier. That was down from Junes fourdecade high of 9.1%. Germanys DAX edged 0.2% lower, to 13,674.98, while in Paris the CAC 40 added 0.1% to 6,531.38. The S&P 500 and Dow Jones closed at threemonth highs on Wednesday. The national average for a gallon of gas fell to $3.99 on Thursday, down from $4.01 a month ago. The inflation data encouraged traders to scale back bets on how much the Fed will raise interest rates at its next meeting. Wall Street is watching to see if the Fed can succeed in hitting the brakes on the economy and cooling inflation without veering into a recession. Read More..

B2B Tech News | 2 years ago        

Atome banks $100m HSBC debt facility

Fintech firm Atome Financial has secured a $100 million loan from HSBC Singapore to support the companys efforts to expand and strengthen its presence

Fintech firm Atome Financial has secured a $100 million loan from HSBC Singapore to support the companys efforts to expand and strengthen its presence in Asia. Founded in 2017, Atome Financial is an umbrella company comprising two brands Atome and Indonesia Kredit Pintar. Atom is a buy now, pay later platform that works with over 15,000 retail partners in 10 Asian markets, including retail giants such as Zara, Shein, Zalora and Nike. Atom Financial also received $45 million from its parent company in July. BNPLs market is currently struggling globally and will lose $5.2 billion in Asia Pacific by 2025. Read More..

B2B Tech News | 2 years ago        

In Italy, DAZN signs agreements with Google and Samsung

Sports video streaming app DAZN announced that it has signed separate deals with Google and Samsung to allow new customers to receive bundled video se

Sports video streaming app DAZN announced that it has signed separate deals with Google and Samsung to allow new customers to receive bundled video services with certain devices in Italy. The deal came after Telecom Italia TIM gave up the exclusive right to host DAZN on video content platform TimVision and negotiated an expensive partnership with a sports video streaming app. Last year, the Italian group DAZN acquired the rights to the Serie A football league, mostly exclusively. Read More..

B2B Tech News | 2 years ago        

An Indonesian medical company received $7 million from Golden Gate Ventures

Indonesian healthcare startup Lifepack has raised $7 million in a Series A funding round led by Golden Gate Ventures. Launched in 2020, Lifepack is a

Indonesian healthcare startup Lifepack has raised $7 million in a Series A funding round led by Golden Gate Ventures. Launched in 2020, Lifepack is a digital pharmacy focused on providing highquality and affordable medicines to patients in Indonesia. In addition to overthecounter medications and overthecounter supplements, the company also offers medications for chronic conditions. The founders of this startup are John Quarry and Natalie Ardianto. With the new funding, Lifepack plans to build seven additional warehouses in Indonesias major urban areas, in addition to the current two in Jakarta and Surabaya. The company predicts that Indonesias pharmaceutical industry will reach $20 billion by 2025. Read More..

B2B Tech News | 2 years ago        

Antarctica Capital has announced a majority stake in Descartes Labs

The acquisition complements Antarcticas existing portfolio of companies spanning New Space, Data Analytics as well as Digital Infrastructure. Descarte

The acquisition complements Antarcticas existing portfolio of companies spanning New Space, Data Analytics as well as Digital Infrastructure. Descartes Labs performs scientific analysis of geospatial, remote sensing, and diverse complementary data sets to enable sustainable sourcing best practices, commodity price forecasting, and efficient mineral exploration for leading CPG, Agriculture, and Mining companies. The companys SaaS platform enables planetaryscale analysis through artificial intelligence and machine learning. Descartes Labs was founded on the belief that planetary science has the power to fundamentally change the way corporations, governments and nonprofits understand their relationship to the physical systems of the universe. Antarctica Capital is an international private equity firm headquarter located in New York. The firm has an absolute return focus, which leads it to rigorously evaluate and build conviction around idiosyncratic investment opportunities. Read More..

B2B Tech News | 2 years ago        

The Nasdaq climbed more than 20% from recent lows as U.S. inflation eased

US consumer prices rose 8.5% in July from a year earlier, slower than June and below economists forecast of 8.7%. The bluechip S&P 500 rose 2.1 percen

US consumer prices rose 8.5% in July from a year earlier, slower than June and below economists forecast of 8.7%. The bluechip S&P 500 rose 2.1 percent above the 4,200 mark for the first time since early May. The benchmark is 14.8% higher than the 2022 low, but total US reserves have fallen by $8.6 trillion since the start of the year. The VIX, which measures expected stock market volatility, fell below its longterm average of 20 for the first time since April. Asian stocks were mostly higher on Wall Street on Thursday, with Hong Kongs Hang Seng index gaining about 1 percent and Chinas CSI 300 up 0.5 percent. Notably, the twoyear Treasury note, which is sensitive to changes in the Feds interest rate policy, also rose after inflation. Read More..

B2B Tech News | 2 years ago        

Kenya is building a pipeline of tech talent from elementary school to higher education

Kenya is launching several initiatives that seem geared towards futureproofing its teeming young population. These include plans to train youths of di

Kenya is launching several initiatives that seem geared towards futureproofing its teeming young population. These include plans to train youths of different age groups and flagship projects that aim to aid this process. The digital talent program focuses on to train 1000 in its first year in critical skills like coding, UI/UX, AI/Machine Learning, IoT, Big Data and Analytics, Cybersecurity, Fintech, and Cloud Computing. And the country plans to launch 20,000 village digital hubs across the country for citizen digital training. As of 2020, 1 out of every 5 Kenyans were adolescents between the ages of 10 – 19, according to census data. As of 2014, Kenya had a 15% graduate unemployment rate and by 2020, that number doubled to 32.4%. This situation is not peculiar to Kenya, as countries like Nigeria as well as Ghana deal with similar problems. Read More..

B2B Tech News | 2 years ago        

SG and Korean universities will receive $20 million from Kakaos Klaytn for blockchain research

Klaytn has committed more than US$20 million to support development and funding at the Korea Advanced Institute of Science and Technology KAIST and th

Klaytn has committed more than US$20 million to support development and funding at the Korea Advanced Institute of Science and Technology KAIST and the National University of Singapore. Named the Blockchain Research Center Program BRC, the initiative will be one of the largest blockchain research efforts worldwide by funding grants.BRC is the second academic funding program launched by a blockchain protocol this month, following the Algorand Foundations Algorand Centres of Excellence Program. Read More..

B2B Tech News | 2 years ago        



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