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Latin American investment in startups fell sharply in the second quarter

Venture investment in Latin American startups totaled just $2.3 billion in the second quarter of 2022, per Crunchbase data. That represents a drop of

Venture investment in Latin American startups totaled just $2.3 billion in the second quarter of 2022, per Crunchbase data. That represents a drop of more than twothirds from the yearago quarter and ranks as the lowest quarterly total since 2020. Crunchbase counted 203 disclosed rounds in Q2, down 38% from Q1 and 39% from last year. Crypto and real estatefocused unicorns in Latin America have seen their funding dry up in the face of a tighter environment. In the crypto space, two unicorns operating cryptocurrency exchange platforms have reportedly laid off staff in recent months. For Q2, investors put $1.1 billion into earlystage deals Series A and B, a decline of around 15% from Q1 and 35% from the prior quarter. Read More..

B2B Tech News | 2 years ago        

Creating a national power grid to follow the sun was dismissed as impossible

Eastern states have faced energy reliability issues, most recently with blackouts in Queensland and New South Wales this year. By creating a single na

Eastern states have faced energy reliability issues, most recently with blackouts in Queensland and New South Wales this year. By creating a single national grid, eastern states could obtain solar power from Western Australia during the evening slope, when energy consumption is typically highest. Building a long transmission line between WA and the eastern states could cost billions and would likely be more expensive than building more accumulators in the east. Read More..

B2B Tech News | 2 years ago        

The bank warns that too many rate hikes could crash the Australian housing market

The Australian housing market could collapse if interest rates rise too high. The Reserve Bank of Australia has hiked interest rates three times since

The Australian housing market could collapse if interest rates rise too high. The Reserve Bank of Australia has hiked interest rates three times since May. The Swiss investment bank UBS has predicted interest rates will peak at around 3.5 percent in March next year but said this will hit the housing market hard. We still believe that market prices of around 3.5% – if delivered – would likely cause housing construction to collapse and bring the economy closer to the recession, said George Tharenou, the economist a boss at UBS, told The Australian. The Reserve Bank of Australia RBA has hiked interest rates three times since May, taking them from a record low of 0.1% to a staggering 1.35%. Read More..

B2B Tech News | 2 years ago        

Kenya is anticipated to receive a portion of the $2.36 trillion in Gates funding.

Kenya is among the beneficiaries of the new Sh2.36 trillion $20 billion pledged by the Bill and Melinda Gates Foundation. The promise of the founder o

Kenya is among the beneficiaries of the new Sh2.36 trillion $20 billion pledged by the Bill and Melinda Gates Foundation. The promise of the founder of Microsoft came at a time when the world economy is experiencing high inflation and the disruptions of the RussoUkrainian war. The Gates Foundation, founded by Bill and Melinda Gates in 2000, has provided financial assistance to the country’s Ministry of Health to fight the Covid19 pandemic and HIV / AIDS prevention efforts. Gates, one of the richest people in the world said he looks to virtually donate all his wealth to the philanthropic organization. Gates has a net worth of about $122.4 billion as per Bloomberg. Read More..

B2B Tech News | 2 years ago        

The NDC OECS Investment Forum and the Government of St. Lucia discuss the Eastern Caribbean

Government representatives from the OECS, policymakers, regional stakeholders, investors, and international partners attended the Forum. The ways to i

Government representatives from the OECS, policymakers, regional stakeholders, investors, and international partners attended the Forum. The ways to investigate decarbonization of the Eastern Caribbean were discussed by the attendees. Along with establishing resilience to the effects of climate change, they also set out a course for environmental sustainability. Participants have been urged by the OECS Director General to take action to increase resilience in vital sectors like water, energy, infrastructure, transportation, and finance, to name a few. From the Frontline to the Future Uniting the Caribbean for Bold Climate Action was the theme of the threeday conference Read More..

B2B Tech News | 2 years ago        

African court rules that Nigerias Twitter ban is illegal

The Economic Community of West African States ECOWAS court has ruled that a sevenmonth ban on Twitter in Nigeria was unlawful. Abuja lifted the suspen

The Economic Community of West African States ECOWAS court has ruled that a sevenmonth ban on Twitter in Nigeria was unlawful. Abuja lifted the suspension after talks with Twitter representatives but laid down conditions, including registering its operations in Nigeria. The ban has shocked many in Nigeria, where the hashtag BringBackOurGirls was used after Boko Haram activists kidnapped nearly 300 schoolchildren in 2014. Act and treat these users in a language they understand. Read More..

B2B Tech News | 2 years ago        

Over the last decade, the number of checks has decreased by 7.5% annually

The number of cheques cleared via the Bahamian banking system has decreased by 7.5 percent annually over the past decade. John Rolle said cheque elimi

The number of cheques cleared via the Bahamian banking system has decreased by 7.5 percent annually over the past decade. John Rolle said cheque elimination is in keeping with the longterm objective of ensuring the efficiency and effectiveness of the payments system. The use of cheques continues to wane as a routine payment instrument in favor of electronic alternatives, the Central Bank governor has said. Cheques are especially prone to exploitation by fraudsters while often bouncing due to there being insufficient funds in the purchasers account. Read More..

B2B Tech News | 2 years ago        

India suggests a framework for the right to repair consumer goods like smartphones and durables

India has proposed to introduce a right to repair, to give consumers the option of having their devices repaired by a third party. The move follows si

India has proposed to introduce a right to repair, to give consumers the option of having their devices repaired by a third party. The move follows similar deliberations in the U.S. and the UK. The committee identified mobile phones, tablets, consumer durables, automobiles, and agriculture as important sectors for the framework. Indias electronics ministry has said that the right to repair will be a gamechanger once it is rolled out in the country and will help reduce ewaste generation and create jobs. Exact details on when New Delhi will implement the Right to Repair rules have yet to be announced. Last year, the movement gained momentum when the rules on securing the repairability of devices were passed in the U.S. and U.K. 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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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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