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Bank of Thailand Holds at 1.75% as Roong Flags “Marked Slowdown” Ahead

In light of the growing challenges facing the economy in the second half of 2025, Thailands central bank has underlined the necessity of flexible mone

In light of the growing challenges facing the economy in the second half of 2025, Thailands central bank has underlined the necessity of flexible monetary policy. The Bank of Thailands frontrunner for deputy governor, Roong Mallikamas, pointed to sluggish consumption, high household debt, and possible U.S. tariffs as threats. The bank maintained policy room by keeping its benchmark rate at 1.75% in spite of previous rate reduction. There will be a "marked slowdown" in activity, Roong said, and she would be in favour of more easing if things become worse. Despite Roong downplaying its immediate impact, political uncertainty following the prime ministers suspension adds to the instability. On August 13, policymakers will conduct their next policy review, keeping a careful eye on external shocks, credit quality, and inflation. Read More..

B2B Tech News | 4 days ago        

IMF Warns U.S. Tax Bill Defies Fiscal Discipline, Adds $3.4T to Deficit

Known as the "One Big Beautiful Bill," the U.S. just passed a tax and spending plan that contradicts the IMFs recommendations for fiscal restraint. It

Known as the "One Big Beautiful Bill," the U.S. just passed a tax and spending plan that contradicts the IMFs recommendations for fiscal restraint. It is anticipated that the measure, which adds new benefits and extends the tax cuts from 2017, will increase the deficit by $3.4 trillion over the following ten years. IMF spokeswoman Julie Kozack called for a realistic plan to eliminate chronic deficits and stressed the need for the United States to lower its debttoGDP ratio, which is currently approaching 98%. Even for middleclass taxpayers, the Fund has historically advocated tax increases. The plan will stimulate economy, according to U.S. Treasury Secretary Scott Bessent, who rejected the worries. In its July World Economic Outlook report, the IMF will evaluate its effects. Read More..

B2B Tech News | 4 days ago        

Switzerland Races to Avert 31% U.S. Tariff While Preserving EU Trade Ties

While carefully maintaining its links with the European Union, its biggest trading partner, Switzerland is negotiating a trade pact with the United St

While carefully maintaining its links with the European Union, its biggest trading partner, Switzerland is negotiating a trade pact with the United States to avert an impending 31% tariff. The recent approval of a significant change to Swiss trade policy with the EU by the cabinet has complicated negotiations with Washington. More access for U.S. citrus and seafood is one concession officials are considering, but they maintain that any agreement must respect multilateral principles and not jeopardise EU accords. Prior to the July 9 deadline, Swiss politicians aim to avoid more severe penalties, although the present 10% baseline tax may be maintained. To keep Swiss companies from lagging behind EU rivals in the U.S. market, business associations are calling for a prompt resolution, given the significant pharmaceutical exports at risk. Read More..

B2B Tech News | 4 days ago        

BRICS to Launch NDBBacked Guarantee Fund to Unlock Private Investment

To increase investment in member countries and reduce financing costs, BRICS plans to establish a Multilateral Guarantee Fund supported by the New Dev

To increase investment in member countries and reduce financing costs, BRICS plans to establish a Multilateral Guarantee Fund supported by the New Development Bank NDB. By reducing investor risk, the fund, which is modelled after the World Banks MIGA, seeks to draw private investment for development, infrastructure, and climate initiatives. It is pending final approval from the BRICS finance ministers, which is merely a formality, after receiving technical approval. The project is expected to mobilise $5–$10 in private investment for every $1 in guarantees, leveraging current NDB resources rather than requiring additional funding. The fund will be emphasised during the next BRICS summit in Rio, indicating the blocs intention to increase its worldwide impact and financial cooperation. Read More..

B2B Tech News | 4 days ago        

Ishiba Rebuts Trump’s Trade Claims as July 9 Tariff Deadline Looms

As the expiration of a 24% reciprocal tariff halt on Japanese imports approaches on July 9, Japanese Prime Minister Shigeru Ishiba said that U.S. Pres

As the expiration of a 24% reciprocal tariff halt on Japanese imports approaches on July 9, Japanese Prime Minister Shigeru Ishiba said that U.S. President Donald Trump might be confused about trade issues. Trump asserted that Japan doesnt utilise American automobiles or purchase American rice, claims Ishiba denied, pointing out that domestic shortages had lately forced Japan to import record amounts of American rice. Despite Trumps threats of 30–35% tariffs, Ishiba stressed that talks are moving forward without providing specifics. The conflict revolves around trade in cars and agricultural products, and Japan is refusing to make any compromises before its upper house election on July 20. Ishiba emphasised that Japan is the biggest foreign investor in the United States and reiterated its dedication to safeguarding national interests. Read More..

B2B Tech News | 4 days ago        

Lula Urges Mercosur to Deepen Ties With Asia, Citing Global Value Chain Shift

Brazilian President Luiz Inácio Lula da Silva called Asia the "dynamic centre" of the world economy and urged the South American bloc to strengthen i

Brazilian President Luiz Inácio Lula da Silva called Asia the "dynamic centre" of the world economy and urged the South American bloc to strengthen its links with it during the Mercosur meeting in Buenos Aires. In order to improve involvement in global value chains, he underlined deeper integration with China, South Korea, India, Vietnam, Indonesia, Japan, and others. Assuming Mercosurs rotational presidency, Lula also promised to modernise digital payment systems, increase collaboration with Canada and the UAE, and complete the EUMercosur trade agreement. Combating organised crime, advancing technological advancement, and addressing climate change are all on his agenda. Argentinas president, Javier Milei, threatened to pursue a unilateral U.S. trade accord if Mercosur delays, highlighting regional tensions during the conference. Read More..

B2B Tech News | 4 days ago        

Ant Group Invests $3.26B in R&D, Signals Deepening AI and Fintech Focus

A record $3.26 billion 23.45 billion yuan was spent on research and development by Chinas Ant Group in 2024, the fourth year in a row that spending ha

A record $3.26 billion 23.45 billion yuan was spent on research and development by Chinas Ant Group in 2024, the fourth year in a row that spending has climbed. The funding, which was disclosed in its 2024 sustainability report, highlights Ants foray into fintech and artificial intelligence in the context of Chinas larger technological aspirations. Alipays parent business is now rebuilding following regulatory hurdles that prevented its 2020 initial public offering. Alibaba, Ants parent company, is rapidly expanding AI globally as well, investing $52 billion over three years on cloud and AI infrastructure. Ants R&D priorities complement Alibabas intentions to extend Qwen LLMs to international data centres as well as its alliances with Microsoft, Nvidia, and Siemens. This action demonstrates Chinas strategic focus on AI leadership and the modernisation of digital banking. Read More..

B2B Tech News | 4 days ago        

U.S.–China Sign Trade Pact Granting Rare Earth Access, Easing Tech Tensions

A recent trade agreement between the United States and China allows Chinese students to attend American institutions and gives American firms access t

A recent trade agreement between the United States and China allows Chinese students to attend American institutions and gives American firms access to rare earth materials. Following previous negotiations in Geneva and London that reduced tariff tensions, President Trump announced the agreement, which Commerce Secretary Howard Lutnick confirmed. While the U.S. will relax some limitations on Chinese nationals, China will speed up export certifications for rare earths, which are essential for technology and defence. Both sides referred to the agreement as "signed and sealed," but neither party provided exact volumes or deadlines. In light of the uncertain global economy, the agreement represents a major deescalation in trade hostilities and reflects shared efforts to stabilise supply chains and strengthen bilateral connections. Read More..

B2B Tech News | 4 days ago        



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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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