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Walmart lowers its profit forecast as rising prices compel customers to spend more on essentials

Walmart says inflation is causing shoppers to spend more on necessities such as food and less on items like clothing and electronics. That shift in sp

Walmart says inflation is causing shoppers to spend more on necessities such as food and less on items like clothing and electronics. That shift in spending has left more items on store shelves and warehouses, forcing the company to aggressively mark down items that customers dont want. The companys shares fell in afterhour trading after the announcement.Groceries have lower profit margins than discretionary items, such as televisions and clothing.. That could be a warning sign for retailers ahead of the holiday shopping season. The company has launched several general merchandise brands, particularly in apparel and home, which could now wind up on the clearance rack. Macys, Kohls, and Nordstrom each slipped more than 3% after hours as investors looked to get out of stocks that sell primarily clothes and home goods. Read More..

B2B Tech News | 2 years ago        

Russia has stopped the flow of gas to Germany through Nord Stream 1 to 20% of its capacity

Gas flows through a significant pipeline to Europe will reportedly be further reduced, according to Russian energy giant Gazprom. Fears that Russia wi

Gas flows through a significant pipeline to Europe will reportedly be further reduced, according to Russian energy giant Gazprom. Fears that Russia will cut off gas supply as a result of the action have grown.According to Germanys economy minister, Russian President Vladimir Putin is manipulating markets and raising prices. From June to June, Gazprom cuts back on gas flow through the Nord Stream 1 pipeline by 40%. Spain and Portugal have stated that they will oppose forced budget cuts. Prior to an emergency meeting on the matter, diplomats are frantically trying to come up with a solution that will guarantee EU unity. About onethird of Germanys gas supply has come from Russia. Read More..

B2B Tech News | 2 years ago        

Alibaba Group is looking for a dual listing in Hong Kong

Alibaba Group has announced that it will apply for an initial listing on the Hong Kong Stock Exchange while remaining listed in the United States. The

Alibaba Group has announced that it will apply for an initial listing on the Hong Kong Stock Exchange while remaining listed in the United States. The company currently has a listed subsidiary in Hong Kong. Shares of the ecommerce giant have lost twothirds of their value since 2020, according to Bloomberg. In the first six months of 2022, the average daily trade volume of Asian cities was about $700 million, compared to $3.2 million. 1 billion in the US. Read More..

B2B Tech News | 2 years ago        

Brazils modern logistics continues to develop

Modern Logistics reports that sales in the first half of 2021 are up 150% yearoveryear. The increase in revenue reflects the companys strong demand fo

Modern Logistics reports that sales in the first half of 2021 are up 150% yearoveryear. The increase in revenue reflects the companys strong demand for integrated intermodal logistics services. Continued investment in logistics technology will also contribute to the companys growth. The purpose of modern logistics is to connect countries with regular cargo flights in different directions. The company has experience in the transportation of livestock, food and perishables, pharmaceuticals, and HPC. Modern is an integrated logistics company with its aircraft. Read More..

B2B Tech News | 2 years ago        

The Dufresne Group TDG increased its automated customer support workflows by 239% using Package.ais interactive AI engagement platform integrated with STORIS ERP

As an interactive AI engagement platform, Package.ai, TDGs integration with STORIS enabled TDG to transform postpurchase work into a complete brand ex

As an interactive AI engagement platform, Package.ai, TDGs integration with STORIS enabled TDG to transform postpurchase work into a complete brand experience. The result is an 85% increase in delivery confirmation rates, lower costs and a better customer experience. Automated customer support chats increase by 239%, reducing costly customer service interactions. TDG previously relied on a foursilo solution to manage different stages of the customer lifecycle, but failed to deliver the seamless customer experience it needed to build loyalty and acquire repeat customers. Package.ais integration with STORIS realigned TDGs sales and marketing practices with its customers. It is exciting to see the transformative impact the Package.ai partnership has had on the Dufresne Group. Read More..

B2B Tech News | 2 years ago        

Orange and MasMovil signed a $19 billion merger agreement in Spain

Orange and MasMovil have signed a binding agreement for the integration of services in Spain. The collaboration is expected to test the European Commi

Orange and MasMovil have signed a binding agreement for the integration of services in Spain. The collaboration is expected to test the European Commissions commitment to integration. The combined company will generate annual sales of more than €7.3 billion and core corporate profits of more than €2.2 billion. The Spanish merger is based on an enterprise value of 18.6 billion euros $19 billion, including MasMovils 10.9 billion and Orange Spains 7.8 billion, the company said. Read More..

B2B Tech News | 2 years ago        

CMA freezes Unilevers stake in tea company

The Capital Markets Authority CMA has terminated the transfer of the majority of Unilevers shares to Rimurucha. It also banned US private equity funds

The Capital Markets Authority CMA has terminated the transfer of the majority of Unilevers shares to Rimurucha. It also banned US private equity funds from buying out minority investors in publicly traded companies. The move disrupted global transactions of 596.7 billion lei $5.1 billion. The minority shareholders claim that Unilever is selling raw materials such as fertilizers and labor to Rimuru at exorbitant prices. The CMA is also investigating the companys alleged understatement of revenue and delay in collecting tea sales. Unilever has acquired the global tea business of CVC Capital Partners for Sh596.7 billion $5.1 billion. Read More..

B2B Tech News | 2 years ago        

Google Ogles Cloud Extension for Latin America

Google plans to open a new cloud region in Mexico to meet growing global demand for cloud services. This comes a month after the cloud giant pledged t

Google plans to open a new cloud region in Mexico to meet growing global demand for cloud services. This comes a month after the cloud giant pledged to invest $1.2 billion over five years to expand Latin Americas digital infrastructure. Google Cloud says this extension will allow onpremises customers to enjoy the highest standards of low latency and data consistency and residency. López highlighted the companys efforts to improve digital technology and educational opportunities for the Mexican tech industry. CEO Sundar Pichai added that the full adoption of digital technologies is expected to generate an economic impact of approximately $1.37 trillion in the six largest Latin American economies by 2030. Read More..

B2B Tech News | 2 years ago        



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