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Ramaphosa Rejects Trump’s 30% Tariff, Cites Inaccurate Trade Data

Calling it a misrepresentation of trade facts, South Africa has rejected U.S. President Trumps proposed 30% tariff on its exports. According to Presid

Calling it a misrepresentation of trade facts, South Africa has rejected U.S. President Trumps proposed 30% tariff on its exports. According to President Cyril Ramaphosa, the average import tax is only 7.6%, and 77% of U.S. goods arrive in South Africa dutyfree. Trumps larger reciprocal trade strategy, which targets 14 nations, includes the tariff, which is scheduled to go into force on August 1. Ramaphosa advised local businesses to expand their export markets and underlined the importance of continuing conversations. He applauded the United States suggestion that negotiations could change the tariff. While preparing for possible economic repercussions, South Africa is nevertheless working towards a fair and advantageous trade relationship, having presented a Framework Deal in May. Read More..

B2B Tech News | 1 months ago        

Indonesia Signs $34B MoU With U.S. to Avert 32% Tariff Hike

Indonesia has inked a $34 billion memorandum of understanding to expand trade and investment relations with U.S. corporations, such as Pertamina, Exxo

Indonesia has inked a $34 billion memorandum of understanding to expand trade and investment relations with U.S. corporations, such as Pertamina, ExxonMobil, and Chevron. Along with Indonesian investments in the United States, the agreement covers Indonesias purchases of U.S. grain, cotton, soybeans, and energy items worth up to $15.5 billion. Its part of Jakartas plan to use President Trumps reciprocal trade policy to get reduced U.S. tariffs before the July 9 deadline. The deal also includes companies including Garuda Indonesia and Indofood, as well as Indonesias Danantara sovereign wealth fund. Officials expect that it will assist lower the proposed 32% tariff on Indonesian imports, even though it is not a final one. The agreement highlights the expanding economic collaboration between the United States and Indonesia. Read More..

B2B Tech News | 1 months ago        

OpenAI Inks $30B Deal With Oracle to Power Project Stargate’s AI Ambitions

In a historic $30 billion agreement, OpenAI and Oracle agreed to lease 4.5 gigawatts of data centre capacity in the United States, greatly extending t

In a historic $30 billion agreement, OpenAI and Oracle agreed to lease 4.5 gigawatts of data centre capacity in the United States, greatly extending their Project Stargate AI infrastructure venture. As OpenAI expands its business beyond Microsoft, the deal, which is expected to start generating money for Oracle by fiscal 2028, represents a strategic change. Across several states, including Georgia, Michigan, and Texas, Oracle plans to invest $25 billion in new data centres. Oracle is positioned as a premier AI cloud provider by the transaction, which might triple its cloud income in the upcoming years. Analysts see the action as a reaction to the escalating disputes between Microsoft and OpenAI around access rights to AGI. Oracles stock rose after the news, indicating that investors were confident in the companys ambitious AI infrastructure approach. Read More..

B2B Tech News | 1 months ago        

UAE’s Al Zeyoudi Calls for BarrierFree Trade, Innovation at BRICS Business Forum

UAE Foreign Trade Minister Thani Al Zeyoudi highlighted the possibility of increased trade and investment cooperation among BRICS countries during the

UAE Foreign Trade Minister Thani Al Zeyoudi highlighted the possibility of increased trade and investment cooperation among BRICS countries during the BRICS Business Forum in Rio. He urged collaborations in the fields of logistics, agriculture, renewable energy, technology, and healthcare while highlighting the UAEs close connections with members like Russia, Indonesia, and India. With exports almost doubling since 2019, the UAEs nonoil trade with the BRICS reached $68.3 billion in Q1 2025, up 18.2% year over year. In line with the UAEs larger economic plan, Al Zeyoudi emphasised the necessity of free trade and innovationdriven growth. In keeping with the UAEs expanding influence on inclusive, multipolar economic development within the BRICS bloc, the conference approved new publicprivate initiatives to strengthen cooperation. Read More..

B2B Tech News | 1 months ago        

Expanded BRICS Summit in Rio Calls for IMF, UN Reform and Global South Empowerment

In Rio de Janeiro, leaders of the enlarged BRICS group convened for a crucial summit aimed at strengthening the voice of the Global South and modernis

In Rio de Janeiro, leaders of the enlarged BRICS group convened for a crucial summit aimed at strengthening the voice of the Global South and modernising international institutions. BRICS currently accounts for more than half of the worlds population and almost 40% of its GDP, thanks to new members including Indonesia, Egypt, Iran, Ethiopia, Saudi Arabia, and the United Arab Emirates. Lula da Silva, the president of Brazil, stressed the need to oppose protectionism and uphold multilateralism. Climate change was one of the main subjects, and China and the UAE promised to finance Brazils Tropical Forests Forever Facility. Notably, Vladimir Putin and Xi Jinping sent proxies rather than attending in person. Notwithstanding internal differences, the leaders of the BRICS countries reaffirmed their dedication to changing the UN Security Council and IMF to better represent the multipolar world of today. Read More..

B2B Tech News | 1 months ago        

Capgemini Acquires WNS for $3.3B to Lead in Agentic AIPowered Business Services

To grow its AIpowered business services, French company Capgemini has agreed to pay $3.3 billion in cash to purchase business transformation company W

To grow its AIpowered business services, French company Capgemini has agreed to pay $3.3 billion in cash to purchase business transformation company WNS. Excluding financial debt, the deal values WNS at $76.50 per share, which is 17% more than its closing price on July 3. To improve its agentic and generative AI capabilities, Capgemini intends to include WNSs Digital Business Process Services. Revenue and margins are anticipated to increase immediately as a result of the purchase, with EPS growth of 4% in 2026 and 7% in 2027 anticipated. Capgeminis U.S. footprint and crossselling possibilities will be improved by WNS, which serves customers like CocaCola and United Airlines. A larger trend in enterprise transformation towards AIled intelligent operations is reflected in the acquisition. Read More..

B2B Tech News | 1 months ago        

India Warned as U.S.–Vietnam Deal Imposes Flat 20% Tariff, Ends Preferential Access

According to a report by the Global Trade Research Initiative GTRI, India is concerned about a new trade agreement between the United States and Vietn

According to a report by the Global Trade Research Initiative GTRI, India is concerned about a new trade agreement between the United States and Vietnam. The 2000 Bilateral Trade Agreements 2–10% concessional tariffs have been replaced with a flat 20% tariff on all Vietnamese exports to the United States. This would sabotage Vietnams $135 billion export revenue, particularly in furniture, seafood, and textiles. Concerns about WTO compliance are also raised by the deals 40% levy on goods manufactured in nations like China but shipped through Vietnam. As India approaches its own trade agreement with the United States, GTRI encourages Indian negotiators to take a cue from Vietnams experience, especially the dangers of reversing concessions, unclear origin regulations, and sweeping tariffs. Read More..

B2B Tech News | 1 months ago        

Albanese 10% U.S. Tariff Likely to Stay, But Australia Will Keep Pushing for Exemption

The 10% U.S. baseline tax on Australian exports is expected to stay in effect after the July 9 deadline, according to Australian Prime Minister Anthon

The 10% U.S. baseline tax on Australian exports is expected to stay in effect after the July 9 deadline, according to Australian Prime Minister Anthony Albanese. Introduced in April as part of President Trumps reciprocal trade policy, the tax covers a wide range of goods from trading partners in the United States. No nation has a lower rate than 10%, according to Albanese, and although Australia will keep pushing for an exception, the existing rate is still rather advantageous. Tensions in the Middle East forced the cancellation of a scheduled meeting with Trump at the G7 Summit, but Albanese seemed upbeat about future interactions. The administration is still dedicated to negotiating better conditions while keeping close bilateral relations with the United States. Read More..

B2B Tech News | 1 months ago        



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