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Deutsche Bank Reports Best Quarterly Profit in 14 Years with €1.78 Billion

Deutsche Banks firstquarter profit increased 39% year over year, primarily due to the companys investment banking divisions impressive performance. In

Deutsche Banks firstquarter profit increased 39% year over year, primarily due to the companys investment banking divisions impressive performance. In contrast to experts forecast of €1.64 billion, net profit attributable to shareholders increased to €1.78 billion $2.03 billion. Fixedincome and currency trading revenue increased by 17%, but origination and consulting revenue decreased by 8%. The banks leveraged finance division also saw a writedown of €90 million. The results, which show efficient cost control and revenue growth, align with Deutsche Banks 2025 goals, according to CEO Christian Sewing. This is the banks highest quarterly profit in 14 years, demonstrating how well its Global Hausbank strategy works. Read More..

B2B Tech News | 6 months ago        

DRC and Rwanda Sign U.S.Brokered Peace Agreement to Stabilize Eastern Congo

In Washington, Rwanda and the Democratic Republic of the Congo DRC inked a deal mediated by the United States to promote economic growth and peace in

In Washington, Rwanda and the Democratic Republic of the Congo DRC inked a deal mediated by the United States to promote economic growth and peace in eastern Congo. The agreement, which was signed by the foreign ministers of the two nations in front of U.S. Secretary of State Marco Rubio, aims to resolve a longrunning conflict that has been made worse by the M23 rebel groups comeback. Mutual respect for sovereignty, an end to hostilities, and regional economic integration are all emphasised in the accord. Another goal is U.S. investments in Congos abundant mineral resources, such as copper, cobalt, and lithium. This effort is a diplomatic attempt to restore bilateral ties and stabilise the area. Read More..

B2B Tech News | 6 months ago        

IndiaNetherlands Talks Strengthen Trade Ties, Exports Hit $22.76 Billion

During Commerce Secretary Sunil Barthwals visit to The Hague, talks have been held to strengthen trade and investment relations between India and the

During Commerce Secretary Sunil Barthwals visit to The Hague, talks have been held to strengthen trade and investment relations between India and the Netherlands. The main discussion topics were strategic economic cooperation and collaboration through the Joint Trade and Investment Committee JTIC. While imports totalled over $5 billion in 2024–2025, Indias exports to the Netherlands increased by 1.75% to $22.76 billion. Cooperation in entrepreneurship, technology sharing, and growing startup alliances were also covered during the visit. As Indias top European destination for merchandise exports, the Netherlands, this programme highlights the two countries expanding economic ties. Read More..

B2B Tech News | 6 months ago        

Totvs Enters Exclusive Talks to Acquire Linx, Strengthening Software Portfolio

A significant milestone in its expansion strategy has been reached with the signing of an exclusivity agreement by Brazilian software company Totvs to

A significant milestone in its expansion strategy has been reached with the signing of an exclusivity agreement by Brazilian software company Totvs to negotiate the acquisition of Linx, a division of StoneCo. Before StoneCos successful proposal in 2020, Totvs had attempted to purchase Linx but had withdrawn from the competitive process in February. Both parties may move forward at their discretion under the exclusivity agreement, provided the authorities approve it. The acquisition would improve Totvs standing in the software solutions market, especially in the manufacturing, agro, and retail industries. Totvs dedication to strengthening its market position and utilising Linxs retail software experience is demonstrated by this development. Read More..

B2B Tech News | 6 months ago        

World Bank Economist Warns of Rising Debt Crisis in Emerging Markets

Indermit Gill, the chief economist at the World Bank, has expressed concerns about growing debt levels and slow development in developing nations, whi

Indermit Gill, the chief economist at the World Bank, has expressed concerns about growing debt levels and slow development in developing nations, which are made worse by trade uncertainty brought on by U.S. tariffs. Gill stressed that, at a rate double that of 2024, half of the 150 emerging nations either have difficulty repaying their debt or are in danger of going into distress. He asked these countries to lower their tariffs to promote trade and economic stability. Regarding trade concerns, the IMF reduced its 2025 global growth projections to 2.8%. Gill warned that high debt servicing costs restrict investments in healthcare and education, emphasising the need for immediate action to solve these issues. Read More..

B2B Tech News | 6 months ago        

IndiaAI Mission Empowers Sarvam to Build Sovereign LLM with Atmanirbhar Vision

In a historic step, the Indian government has chosen Sarvam, an AI firm in Bengaluru, to create the nations first sovereign large language model LLM a

In a historic step, the Indian government has chosen Sarvam, an AI firm in Bengaluru, to create the nations first sovereign large language model LLM as part of the ₹10,000 crore IndiaAI Mission. Using local talent and infrastructure, the model, which is intended to enable voice, reasoning, and fluency in Indian languages, will be developed wholly in India. 4,096 Nvidia H100 GPUs will be made available to Sarvam for training, with a sixmonth timeline for a safe, widespread rollout. The project supports Indias Atmanirbhar Bharat agenda by encouraging strategic autonomy and innovation. Three model variations—SarvamLarge, SarvamSmall, and SarvamEdge—will be developed by Sarvam to accommodate a range of applications. In addition to successfully meeting domestic demands, this project establishes India as a global leader in AI. Read More..

B2B Tech News | 6 months ago        

Iran and India Strengthen Judicial Cooperation Under SCO and BRICS Frameworks

During the 20th Meeting of the Heads of Supreme Courts of SCO Member States in Hangzhou, China, Iran and India agreed to strengthen judicial cooperati

During the 20th Meeting of the Heads of Supreme Courts of SCO Member States in Hangzhou, China, Iran and India agreed to strengthen judicial cooperation within the frameworks of BRICS and the Shanghai Cooperation Organisation SCO. Cybersecurity, digital justice, and cryptocurrency legislation were among the main subjects. Indias Chief Justice, Sanjiv Khanna, and Irans Chief Judiciary, GholamHossein Mohseni Ejei, stressed the significance of revising legal standards to meet the difficulties brought on by quickening technology development. Both countries see this partnership as a step towards increasing their influence in regional and international legal affairs. This programme demonstrates the SCOs and BRICS expanding contribution to multilateral collaboration. Read More..

B2B Tech News | 6 months ago        

AfCFTA Chief Advocates Unified Trade Policy to Counter U.S. Tariffs Impact

To combat the disruption brought on by U.S. tariffs under President Donald Trump, AfCFTA Secretary General Wamkele Mene has advocated for a unified Af

To combat the disruption brought on by U.S. tariffs under President Donald Trump, AfCFTA Secretary General Wamkele Mene has advocated for a unified African trade strategy. African economies, notably those of South Africa, Nigeria, and smaller countries like Lesotho and Madagascar, have been affected by these tariffs, raising questions about the viability of the African Growth and Opportunity Act AGOA. Mene called on the continent to fortify internal commerce and diversify markets, stressing the need for deeper intraAfrican trade, which is still below 20%. He gave the example of Ethiopias tenacity in increasing its exports by collaborating with China despite being shut out of AGOA. Given the changes in global trade, this circumstance emphasises Africas need for independence. Read More..

B2B Tech News | 6 months 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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