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Apple Plans Exit from Goldman Sachs Partnership Credit Card Deal to Conclude

According to reports, Apple and Goldman Sachs Group are splitting apart their credit card business, with the tech giant hoping to agree over the next

According to reports, Apple and Goldman Sachs Group are splitting apart their credit card business, with the tech giant hoping to agree over the next 12 to 15 months. The collaboration was started in 2019 when Apple and Goldman introduced a virtual credit card. The consumer partnership, including the savings account that launches in 2023, would be terminated. Goldman Sachs declined to comment despite Apple declaring that it is focused on providing customers with an extraordinary experience. Since its inception, Apple Card, which was developed in partnership with Goldman Sachs, has received favourable feedback. Apple just joined the "buy now, pay later" market in the United States. Read More..

B2B Tech News | 7 days ago        

Dutch Government Greenlights Nexperias Acquisition of Nowi

The purchase of Nowi, a startup company located in Delft that specialises in power management chips, by Chineseowned Nexperia will not be prevented by

The purchase of Nowi, a startup company located in Delft that specialises in power management chips, by Chineseowned Nexperia will not be prevented by the Dutch government. The Netherlands government retrospectively reviewed the Nexperia acquisition of Nowi in 2022 and found no legal issues. Nexperia is owned by Wingtech, a company based in China. With the help of Nowis technology, power management chips may be able to use vibrations or light as an ambient power source instead of batteries. The Dutch government conducted a detailed study before deciding not to prohibit the transaction. Read More..

B2B Tech News | 8 days ago        

EU Antitrust Concerns Amazon Faces Scrutiny Over $1.4 Billion iRobot Deal

Concerned that Amazons $1.4 billion acquisition of robot vacuum manufacturer iRobot may result in competing robot cleaners being excluded from Amazons

Concerned that Amazons $1.4 billion acquisition of robot vacuum manufacturer iRobot may result in competing robot cleaners being excluded from Amazons online marketplace, EU antitrust officials have voiced their worries. The European Commission expressed its concerns about the possible effects on competition in the robot vacuum cleaner market in France, Germany, Italy, and Spain in a statement of objections that it addressed to Amazon. In response, Amazon stated that it is collaborating with the Commission to resolve its issues. The Commission has until February 14 to make a ruling on the subject. Read More..

B2B Tech News | 8 days ago        

Major Boost Foxconn to Invest $1.5 Billion in India for Expansion

The largest electronics contract manufacturer in the world, Foxconn of Taiwan, plans to invest $1.5 billion in India as part of its continuous growth

The largest electronics contract manufacturer in the world, Foxconn of Taiwan, plans to invest $1.5 billion in India as part of its continuous growth strategy. Foxconn has been stepping up its operations in India, concentrating on setting up manufacturing plants in the nations southern region. The contract manufacturer wants to quadruple its employment and investment in India by the following year. While expressing excitement about Indias prospects in August, Foxconn Chairman Liu Youngway said, "Several billion dollars in investment is only a beginning." Read More..

B2B Tech News | 8 days ago        

Layer 2 Cryptocurrencies Stage Comeback with $14.3 Billion Market Cap Surge

After a year of relative quiet, "layer 2" cryptocurrencies—related to projects developed on top of "layer 1" blockchains like Bitcoin and Ethereumâ€

After a year of relative quiet, "layer 2" cryptocurrencies—related to projects developed on top of "layer 1" blockchains like Bitcoin and Ethereum—have rebounded. Layer 2 tokens, intended to speed up transactions and save costs, have a combined market valuation of around $14.3 billion, making up roughly 10% of the whole cryptocurrency market. The most significant layer two tokens, Matic, is worth $6.90 billion on the market and has increased 20% to $0.74 in the last 30 days. Nevertheless, the market has many initiatives, and layer two tokens may be highly volatile and unpredictable. Read More..

B2B Tech News | 8 days ago        

Australia Proposes Legislation for Monetary Policy Board, Enhancing RBA Independence

A specialised monetary policy board would be established by legislation that the Australian government intends to enact, and it would be in charge of

A specialised monetary policy board would be established by legislation that the Australian government intends to enact, and it would be in charge of determining interest rates at the Reserve Bank of Australia RBA. Intending to strengthen the RBAs independence and streamline its operations, this action complies with the recommendations of a review published in April. Six external members with backgrounds in macroeconomics, finance, labour markets, and the supply side of the economy will make up the proposed Monetary Policy Board MPB. The act eliminates the treasurers authority to override decisions on monetary policy to strengthen the RBAs independence. On July 1, 2024, the adjustments are anticipated to go into effect. Read More..

B2B Tech News | 9 days ago        

ARK Investment and 21Shares Propose 0.80% Fee for ARK 21Shares Bitcoin ETF

If authorities permit ARK Investment Management, run by Cathie Wood, and 21Shares, a Swiss cryptocurrency manager, to launch their planned exchangetra

If authorities permit ARK Investment Management, run by Cathie Wood, and 21Shares, a Swiss cryptocurrency manager, to launch their planned exchangetraded fund ETF for Bitcoin, they want to charge a 0.80% fee. Since 2021, the U.S. Securities and Exchange Commission SEC has denied many proposals for spot bitcoin ETFs due to concerns over potential market manipulation. Expectations, though, have increased that authorities may reconsider. According to recent remarks made by SEC Chair Gary Gensler, the agency is considering about ten spot bitcoin ETF ideas. A final SEC decision on the ARK 21Shares ETF is expected on or before January 10, 2024. In the market, it would encounter competition if approved. Read More..

B2B Tech News | 9 days ago        

Tata Technologies IPO Emerges as Weeks Most Oversubscribed Domestic Offering

The most oversubscribed domestic initial public offering IPO of the week is Tata Technologies IPO in India, priced at 30.43 billion rupees $366 millio

The most oversubscribed domestic initial public offering IPO of the week is Tata Technologies IPO in India, priced at 30.43 billion rupees $366 million. By the end of subscriptions, investors had bid for about 3.13 billion shares valued at 1.56 trillion rupees $18.74 billion, an oversubscription of almost 69.43 times the amount on offer. The high demand indicates investors are interested in the Tata Groups first public offering in over 20 years. Automotive, aerospace, and heavy machinery sectors are just a few of the industries Tata Technologies serves with engineering and technology services. The first day of trading for the business is set for November 30. Read More..

B2B Tech News | 9 days ago        



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Refresh Your Facts

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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5.  Approximately 8 billion gadgets connect on the internet every day.
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