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Inflation in South Korea has reached a 24year high due to rising energy prices

According to Statistics Korea, consumer prices increased by 6% from a year ago in the past month, picking up speed from a 5.4% increase in May. It mar

According to Statistics Korea, consumer prices increased by 6% from a year ago in the past month, picking up speed from a 5.4% increase in May. It marked the highest inflation rate since a 6.8% increase in November 1998, when South Korea was grappling with the Asian financial crisis that spanned 1997–98. The Finance Ministry sharply increased its 2022 inflation outlook to a 14year high of 4.7% in June while sharply lowering its projection for economic growth to 2.6%. Growing inflationary pressure has increased the likelihood that the Bank of Korea will raise its policy rate again this month. Read More..

B2B Tech News | 2 years ago        

The Foreign Minister stated Samsung will invest $ 500 million in Mexico

Mexican Foreign Minister Marcelo Ebrard said Monday that Samsung Electronics will invest $ 500 million in Mexico to increase the production of home ap

Mexican Foreign Minister Marcelo Ebrard said Monday that Samsung Electronics will invest $ 500 million in Mexico to increase the production of home appliances. Ebrard said on Twitter that the investment will be made in the border city of Tijuana and Queretaro in central Mexico. He said he met with the head of the company, Han Junghee. Read More..

B2B Tech News | 2 years ago        

Elis Completing the acquisition of a prominent player in Mexico

Elis announced the acquisition of a centuryold company that is a leader in the Mexican market. The acquired company mainly delivers bedding and workwe

Elis announced the acquisition of a centuryold company that is a leader in the Mexican market. The acquired company mainly delivers bedding and workwear to customers in the healthcare market. In 2021, revenue will be 1,780 million Mexican pesos 85 million euros at the June 2022 exchange rate euro / Mexican dollar. Elis has an excellent track record of consolidating assets in Latin America with approx. 10 purchases since 2014. The acquired company is the only player that has national coverage and offers a good profit. Elis is the undisputed leader in a rapidly growing market where competition is fragmented. Read More..

B2B Tech News | 2 years ago        

Orange and Bboxx Provide clean energy to 150,000 people in the DRC

Bboxx, a PanAfrican superplatform providing access to essential products and services, and Orange Telecom have partnered to launch a new minigrid proj

Bboxx, a PanAfrican superplatform providing access to essential products and services, and Orange Telecom have partnered to launch a new minigrid project in the Democratic Republic of Congo DRC. Less than 10% of the population in the DRC has access to electricity, making it the country with the massive number of people without access in Africa after Nigeria. Bboxx aims to connect more than 600 households in Bukavu by the end of 2022 and is partnering with the national energy agency to participate in a subsidy program for lowincome customers. The DRC is the first of many minigrids in Africa as part of Bboxxs Connected Community program, which aims to electrify 1 million customers across the continent within the next five years. The company plans to launch 24 additional minigrid projects with Orange across the DRC over the coming months, electrifying 150,000 people by 2024. Read More..

B2B Tech News | 2 years ago        

Rakuten Shares Rise 2% on Progress in Listing Bank Units

Shares of Japanese group Rakuten Group Inc rose 2% on Tuesday, a day after the ecommerce company announced it had applied to list its online banking d

Shares of Japanese group Rakuten Group Inc rose 2% on Tuesday, a day after the ecommerce company announced it had applied to list its online banking division on the Tokyo Stock Exchange. Rakuten announced plans for an initial public listing last September as it grappled with the cost of building a cellular network and competing with Amazon.com Inc. Its shares hit an alltime low in more than a decade last month. The benchmark Nikkei 225 index was up 1% in morning trading. Read More..

B2B Tech News | 2 years ago        

The startup makes green water from scratch and sells it for Rs 4 per liter

According to the UNICEF humanitarian aid agency, more than half of India does not have access to drinking water. Excess fluoride in India affects tens

According to the UNICEF humanitarian aid agency, more than half of India does not have access to drinking water. Excess fluoride in India affects tens of millions of people in 19 states. The Cleantech startup Uravu extracts from the air and produces 20100 liters of water per day. Renewable water costs around 6 lei per liter, just like mineral water. The beverage industry uses over 1.5 trillion liters of water each year, the equivalent of 20% of human drinking water needs. Uravu Labs helps beverage brands such as AB InBev, CocaCola, Radico Khaitan, Kirin Holdings and Suntory extract water from the air through flavor technology. Read More..

B2B Tech News | 2 years ago        

ITC, HUL, ICICI Bank Sensex accepts up to 327 points comfortable tops 15800 metal casting

HUL, Britannia Industries, IndusInd Bank, ITC, Power Grid and ICICI Bank were the biggest winners in the package index of 50. ONGC, Tata Steel, TCS, J

HUL, Britannia Industries, IndusInd Bank, ITC, Power Grid and ICICI Bank were the biggest winners in the package index of 50. ONGC, Tata Steel, TCS, JSW Steel and Cipla lagged behind. In Asia, Nikkei in Japan rose 0.8% and KOSPI in Korea rose 0.22%. TCS, Tata Groups IT services and consulting division, will announce its results on Friday, July 8th. European markets are closed today on Independence Day. Read More..

B2B Tech News | 2 years ago        

YAP digital banking startup raises $ 41 million to expand in Saudi Arabia

The YAP digital bank in the United Arab Emirates announced on Monday that it has raised funds of 41 million dollars. To date, investors include Aljazi

The YAP digital bank in the United Arab Emirates announced on Monday that it has raised funds of 41 million dollars. To date, investors include Aljazira Capital, Abu Dawood Group, Astra Group and Audacia Capital of Saudi Arabia. YAP will use these funds to expand its business in Saudi Arabia, Egypt, Pakistan and Ghana. According to CEO Hachem, YAP is focusing on the remittance market for Pakistani workers in the Persian Gulf, which sends billions of dollars home every year. Together with the bank, we will submit an application to the central bank 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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