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Talgo signed a €280 million train contract in Egypt

Spanish highspeed train manufacturer Talgo Egypt has signed a €280 million contract to supply new trains from stateowned Egyptian National Railways

Spanish highspeed train manufacturer Talgo Egypt has signed a €280 million contract to supply new trains from stateowned Egyptian National Railways ENR. Under the contract, Talgo will produce seven passenger trains for the stateowned Egyptian Night Railway Company. The company will build new rail units at its plants in Alaba and Madrid, and delivery will begin in 2024. The contract also includes 15 years of service for the train. Trains belonging to the intercity transport platform are suitable for longdistance journeys and contribute to the reduction of domestic CO2 emissions.The company won contracts for these trains in countries such as Germany and Denmark. Read More..

B2B Tech News | 2 years ago        

SoftBank is planning to increase its share in Alibaba to 14.6% and earn $34 billion

The founder of SoftBank Group, Masayoshi Son, is selling his stake in the Chinese ecommerce giant Alibaba to raise cash for his Vision Fund investment

The founder of SoftBank Group, Masayoshi Son, is selling his stake in the Chinese ecommerce giant Alibaba to raise cash for his Vision Fund investment fund. The group estimated pretax profit from the sale at about 4.6 trillion yen $34 billion. In February, an analyst noted that SoftBank would need $40 billion45 billion of cash this year to sustain its startup investment pace and buy back shares. SoftBank reported a record loss of about 3.2 trillion yen $24.5 billion. As my colleague Alex pointed out in the review, the company made money betting on a troubled company like Didi. The Chinese ridehailing company has lost tens of billions of dollars in market value since its IPO in July. Alibabas share price is down 70% from its October 2020 peak of $307 per share. Read More..

B2B Tech News | 2 years ago        

Brazil wants to sell US Javelin and CLU missiles

The US Defense Security Cooperation Agency DSCA has informed Congress that there is potential for foreign sales of missiles and related equipment to B

The US Defense Security Cooperation Agency DSCA has informed Congress that there is potential for foreign sales of missiles and related equipment to Brazil. The sale is also approved by the US State Department. His estimated net worth is around $74 million. As part of this sale, the Brazilian government requested the purchase of 222 FGM148 Javelin antitank missiles and 33 Javelin Command Launch Units CLU. The prime contractor for this proposed sale is the Javelin Joint Venture JJV between Lockheed Martin and Raytheon. The US State Department recently approved a potential $300 million FMS for Air Commands Javelin launcher for the UK. Read More..

B2B Tech News | 2 years ago        

Lack of diesel fuel in winter in Europe

Northwest Europe is expected to start the winter with low levels of diesel powering much of its economy. Russia is the largest supplier of diesel and

Northwest Europe is expected to start the winter with low levels of diesel powering much of its economy. Russia is the largest supplier of diesel and related fuels in Europe. The supply of fuel to independent storage in the AmsterdamRotterdamAntwerp region is the lowest since 2008. Europe is short of diesel, and Russia is the largest thirdparty supplier in Europe. John Cooper, CEO of Fuels Europe, a division of the European Refinery Association, said there was a clear link between diesel and GDP because everything that goes in and out of a factory requires diesel. Read More..

B2B Tech News | 2 years ago        

Logicalis Australia Cisco uses stateoftheart workplace technology to handle Australian financial complaints

Logicalis Australia has secured a deal with the Australian Financial Complaints Authority to deploy a Ciscobased modern workplace solution. The nonpro

Logicalis Australia has secured a deal with the Australian Financial Complaints Authority to deploy a Ciscobased modern workplace solution. The nonprofit sought to revamp its workplace to drive collaboration, innovation, and productivity through the creation of a flexible and agile environment. It was formed after the merger of the Financial Ombudsman Service, the Credit, Investments Ombudsman, and the Superannuation Complaints Tribunal. Logicalis Australia has been chosen as the sole provider for a multimillion dollar project to modernize and upgrade AFCAs IT infrastructure. The Australian Football Association AFCA chose Logicalis because it is one of the leading Cisco partners in the country. AFCAs alignment to a modern workplace has been shown to have a positive impact on morale, productivity, and talent retention, creating clear business benefits. Read More..

B2B Tech News | 2 years ago        

Australias central bank has launched a digital currency plan

The Reserve Bank of Australia is launching a oneyear research programme into the case for a central bank digital currency CBDC in Australia. The proje

The Reserve Bank of Australia is launching a oneyear research programme into the case for a central bank digital currency CBDC in Australia. The project aims to identify innovative use cases and business models that can be supported by CBDC offerings. This includes the development of a limitedscale CBDC pilot project that operates in a closed environment. The Reserve Bank of Australia RBA is collaborating with governmentbacked industry group the Digital Finance Cooperative Research Center DFRCC on the project. For updates on hot topics at the intersection of technology, business and politics, subscribe to our technology newsletter Cash Today. Read More..

B2B Tech News | 2 years ago        

4% increase in European investment in technology in 2022

Up to $1.1 trillion more will be invested in technology in Europe in 2022 than is currently planned. IDC data indicates that this investment will incr

Up to $1.1 trillion more will be invested in technology in Europe in 2022 than is currently planned. IDC data indicates that this investment will increase over the ensuing years. Consumer goods, banking, and discrete manufacturing are the industries that will spend the most money on technology. Numerous obstacles, such as a talent gap and supply chain problems, face European businesses. In a lot of them, businesses are using automation to simplify processes and reduce issues. Many of these issues can be solved by technology, which is why businesses are turning to automation. Read More..

B2B Tech News | 2 years ago        

Egyptbased OneOrder offers $6.5 million in working capital

Egyptian technology company OneOrder has raised $6.5 million in working capital from Contact Factoring, a subsidiary of Contact Financial Holding. The

Egyptian technology company OneOrder has raised $6.5 million in working capital from Contact Factoring, a subsidiary of Contact Financial Holding. The company provides restaurants, cafes, and hotels with onestop grocery stores that provide logistics services through software. Founded in 2021, OneOrder will use these funds to build a digital environment that can support restaurant owners through online shopping, MAGNiTT reports. Read More..

B2B Tech News | 2 years 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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