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Opec+ Surprises Markets by Announcing Further 500,000 bpd Oil Production Cut

The Opec+ alliance delivered an unexpected jolt to the global energy markets on October 14th by announcing an additional 500,000 barrels per day bpd o

The Opec+ alliance delivered an unexpected jolt to the global energy markets on October 14th by announcing an additional 500,000 barrels per day bpd oil production cut, effective immediately. The move, intended to stabilize falling prices, immediately sent Brent crude futures soaring above $95 per barrel. Analysts were caught off guard, as the decision signaled Opec+s aggressive posture in managing the supplydemand balance amid concerns over global economic cooling. This policy decision is expected to maintain upward pressure on global inflation and pose continued challenges for central banks worldwide. Read More..

B2B Tech News | 4 days ago        

WTO Cuts Global Trade Growth Forecast Amid Geopolitical and Supply Chain Disruptions

The World Trade Organization WTO announced on October 14th that it was revising its forecast for global merchandise trade volume growth down to 2.5% f

The World Trade Organization WTO announced on October 14th that it was revising its forecast for global merchandise trade volume growth down to 2.5% for 2026, citing intensifying geopolitical tensions and increasing protectionist measures. The downward revision reflects concerns over the fragmentation of global supply chains and the impact of the USChina tariff standoff. WTO DirectorGeneral Ngozi OkonjoIweala stressed that restoring confidence in the multilateral trading system is crucial to reversing the negative trend. The report serves as a warning that trade policy uncertainty is a primary driver of the global economic slowdown. Read More..

B2B Tech News | 4 days ago        

Bank of America Posts Strong Q3 Earnings, Driven by Resilient Consumer Spending

Bank of America BofA reported robust thirdquarter 2025 earnings on October 14th, with its financial results surpassing Wall Street expectations. The b

Bank of America BofA reported robust thirdquarter 2025 earnings on October 14th, with its financial results surpassing Wall Street expectations. The banks performance was primarily fueled by strong Net Interest Income NII, which benefited from higher interest rates and steady growth in consumer loan balances, particularly in credit card and auto loans. The results indicate that consumer spending remains resilient despite persistent inflation pressures. CEO Brian Moynihan emphasized the bank’s strong deposit base and reaffirmed guidance for moderate loan growth, signaling stability in the US financial sector. Read More..

B2B Tech News | 4 days ago        

Tata Steel Announces Major Restructuring Plans to Spin Off European and Southeast Asian Assets

Tata Steel announced a significant corporate restructuring plan on October 14th aimed at simplifying its global portfolio. The plan involves spinning

Tata Steel announced a significant corporate restructuring plan on October 14th aimed at simplifying its global portfolio. The plan involves spinning off its entire European and Southeast Asian operations into a new, independently financed entity. This move allows the core listed Tata Steel entity to focus exclusively on the highgrowth, highmargin Indian domestic market, where the company enjoys a dominant position. Analysts view the restructuring as a strategic move to unlock shareholder value by isolating the capitalintensive and often lowermargin international operations from the financially robust Indian business. Read More..

B2B Tech News | 4 days ago        

Botswana Central Bank Holds Key Rate Steady for Third Consecutive Monetary Policy Meeting

The Bank of Botswana BoB announced on October 16th that it would hold its key monetary policy rate steady for the third consecutive meeting. This deci

The Bank of Botswana BoB announced on October 16th that it would hold its key monetary policy rate steady for the third consecutive meeting. This decision reflects the central banks confidence that its current policy stance is adequately managing inflation risks while supporting economic growth. The BoB noted that inflation remains within the banks target range and that the domestic economy shows resilience despite global headwinds. The consistent policy provides a predictable financial environment, reinforcing Botswanas reputation for macroeconomic stability in the southern African region. Read More..

B2B Tech News | 4 days ago        

UN Trade Conference Addresses Economic Impact of US Tariffs on Developing Countries

The ongoing United Nations Trade and Development Conference became a major forum on October 22nd for addressing the global economic fallout from US ta

The ongoing United Nations Trade and Development Conference became a major forum on October 22nd for addressing the global economic fallout from US tariffs, particularly their impact on developing countries. The conference discussions centered on how these tariffs create trade friction, disrupt established supply chains, and undermine multilateral trade agreements. Developing nations urged for greater adherence to World Trade Organization WTO principles and expressed concern that escalating unilateral trade actions could jeopardize global economic recovery and hinder their ability to access international markets. Read More..

B2B Tech News | 4 days ago        

Pacts with UK, EFTA Expected to Bring $100 Billion in Investments to India, Says Minister Goyal

Indian Commerce Minister Piyush Goyal stated on October 22nd that the recently concluded Free Trade Agreements FTAs with the United Kingdom and the Eu

Indian Commerce Minister Piyush Goyal stated on October 22nd that the recently concluded Free Trade Agreements FTAs with the United Kingdom and the European Free Trade Association EFTA are collectively expected to attract over $100 billion in direct investments into India. Goyal emphasized that these FTAs are not merely about trade, but rather about creating a stable, predictable policy framework that encourages foreign direct investment FDI. The investment inflow is crucial for boosting domestic manufacturing, generating highquality employment, and integrating India more deeply into global supply chains. Read More..

B2B Tech News | 4 days ago        

Anthropic and Google Negotiating Cloud Deal Worth Tens of Billions of Dollars

AI startup Anthropic is reportedly in talks with Google for a massive cloud deal potentially valued in the tens of billions of dollars. The agreement

AI startup Anthropic is reportedly in talks with Google for a massive cloud deal potentially valued in the tens of billions of dollars. The agreement would secure a longterm commitment from Anthropic to utilize Google Clouds infrastructure to train and run its nextgeneration AI models, including the Claude family. This scale of commitment highlights the extraordinary capital expenditure required for advanced AI compute and the intense competition among cloud providers AWS, Google, Microsoft to secure longterm workloads from leading AI developers. The deal is a major financial pillar in Googles cloud strategy and cements its role in the AI infrastructure arms race. Read More..

B2B Tech News | 4 days ago        



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