Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

German Wefox Insurtech was recently valued at $ 4.5 billion after funding

Mubadala Investment Company, a stateowned investor in Abu Dhabi, oversaw the DSeries investment. Wefox, a company in the digital insurance industry, r

Mubadala Investment Company, a stateowned investor in Abu Dhabi, oversaw the DSeries investment. Wefox, a company in the digital insurance industry, revealed on Tuesday that it had secured $400 million from investors. With the most recent round of funding, Wefoxs total investment since it started raising money in 2016 has increased to more than $ 1.3 billion. As investors pay more attention to startup investments, values have increased. As well as the sale of techrelated shares that were exchanged on the stock market this year. Read More..

B2B Tech News | 2 years ago        

Unacademys founders and managers will see compensation cuts and the closure of their international exam preparation company

Unacademy CEO Gaurav Munjal told workers in an internal memo on Monday that the founders and management of an education technology company will cut wa

Unacademy CEO Gaurav Munjal told workers in an internal memo on Monday that the founders and management of an education technology company will cut wages. The Bengalurubased startup was valued at $3.4 billion last year after a $440 million funding led by Temasek. According to Munjal, the founders have already cut salaries, and the same goes for top management. We will shut down some companies that have not been able to find a suitable product for the market, such as Global TestPrep, Mungal said. Unacademys chief executive Rajesh Munjal has told his team to focus on the core test preparation business and jobtech vertical of Relevel. People in the know said this was relatively a small business, with a presence largely in the US. Read More..

B2B Tech News | 2 years ago        

Consumer confidence is waning and Tuesdays Westpac Consumer Confidence Index for July could bring more bad news.

Environment Council of Central Queensland has written to federal Environment Minister Tanya Plibersek, requesting she reconsider how 19 coal and gas p

Environment Council of Central Queensland has written to federal Environment Minister Tanya Plibersek, requesting she reconsider how 19 coal and gas project approvals are assessed under federal environment law. The group argues those projects are likely to damage 2,121 matters of national environmental significance, including the Great Barrier Reef, koalas, and dugongs. The acting chief executive of the Australian Petroleum Production and Exploration Association APPEA said the industry was acting to lower its emissions. Climate change is devastating traditional lands and waters around Minjerribah/Stradbroke Island. Read More..

B2B Tech News | 2 years ago        

Greece and Bulgaria complete gas transition after delay

Greece and Bulgaria have completed the longdelayed phase of building a gas pipeline between the two countries. The $ 226 million pipelines will help

Greece and Bulgaria have completed the longdelayed phase of building a gas pipeline between the two countries. The $ 226 million pipelines will help reduce Europes dependence on Russian gas amid Moscows invasion of Ukraine. In April, Russian energy giant Gazprom stopped supplying gas to Bulgaria because it refused to pay rubles for gas imports. Greek Prime Minister Kyriakos Michotakis said the completion of the Energy Bridge was a significant moment for the Balkans and for Europe as a whole. Read More..

B2B Tech News | 2 years ago        

Continental announces the construction of a new factory in San Luis Potosí

German tech firm Continental reaffirms its confidence in the state and will expand its hydraulic operations in North America. With a planned investmen

German tech firm Continental reaffirms its confidence in the state and will expand its hydraulic operations in North America. With a planned investment of US$40 million, it announced the construction of a new hydraulic hose production plant in San Luis Potosí. This is to increase and integrate production capacities inside and outside the region. The company says the investment will help increase regional manufacturing capabilities and supply chain efficiencies. It is part of Continentals commitment to growing its presence in North America. Read More..

B2B Tech News | 2 years ago        

The Australian dollar falls below the 68 line

The RBA raised its cash rate by 0.50% last week, bringing the cash rate to 1.35%. That wont be sufficient to rein inflation, which hit 5.1% in the fir

The RBA raised its cash rate by 0.50% last week, bringing the cash rate to 1.35%. That wont be sufficient to rein inflation, which hit 5.1% in the first quarter and could top 7%, according to the RBA. The weak link could be the housing sector, as mortgage costs keep rising, dampening household spending. Tuesdays Westpac Consumer Confidence index for July could bring more bad news for consumer confidence. If sentiment indicators underperform, I wouldnt be surprised to see the Australian dollar react with losses. Read More..

B2B Tech News | 2 years ago        

Creditas raises $ 50 million and buys the Andbank banking license in Brazil

Brazilian fintech company Creditas has announced a partnership with Andbank, from Andorra. Andbank is investing US$50 million in a Series F extension

Brazilian fintech company Creditas has announced a partnership with Andbank, from Andorra. Andbank is investing US$50 million in a Series F extension that Creditas had in January when it was valued at US$4.8 billion. art of the deal is that Creditas is buying Andbanks banking license in Brazil, valued at US$95m. The company also bought Kzas, a real estate marketplace, and invested in Voltz Motors, an electric motorcycle maker. This will be used to expand their operations in Brazil and diversify their sources of financing. Read More..

B2B Tech News | 2 years ago        

Australia launches a $ 41 million app under contract with Accenture

The Australian government has scrapped an app meant to replace paperwork for incoming visitors to the country. Among other things, the app asked users

The Australian government has scrapped an app meant to replace paperwork for incoming visitors to the country. Among other things, the app asked users to provide their vaccination against COVID19.The requirement to do so when entering Australia has since been discontinued entirely. Nine percent of people associate the space industry with Star Wars, according to a report released by Inmarsat. Chinas enthusiasm for space tourism could be explained by opening its still under construction space station to private citizens. Chinese chipmaker Loongson has added support for MIPSlike architecture to its System Management BIOS SMBIOS Reference Specification. Read More..

B2B Tech News | 2 years ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   4440   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   3088   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   3397   

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.
   3593   

5.  Approximately 8 billion gadgets connect on the internet every day.
   4627   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.