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Hong Kongs Hang Seng rose 2%, driven by Chinas technology stocks

Shares in the Asia Pacific rose Monday after investors assessed the risks of inflation and recession. Hong Kongs Hang Seng Index rose 2.43% in the reg

Shares in the Asia Pacific rose Monday after investors assessed the risks of inflation and recession. Hong Kongs Hang Seng Index rose 2.43% in the region. Russia has failed to pay its foreign currency debt for the first time in 100 years. Shares of James Hardie Industries listed in Australia rose 3.23%. The mainland Chinese market has also grown. China and Japan are launching their Procurement Managers Index later this week, and Hong Kong is celebrating its 25th anniversary. Read More..

B2B Tech News | 2 years ago        

The National Bank of Egypt plans to open its first branch in South Sudan on June 28

This Tuesday, the National Bank of Egypt NBE will open its first branch with a $30 million capital in Juba, South Sudan. The banks presence in Africa

This Tuesday, the National Bank of Egypt NBE will open its first branch with a $30 million capital in Juba, South Sudan. The banks presence in Africa will enable Egyptian businesses that want to make investments in the African market to access a range of banking and advisory services. After receiving approval from the Egyptian central bank, the Saudi Council of Ministers decided to grant the NBE a license to establish a branch of the bank in October 2021. Read More..

B2B Tech News | 2 years ago        

Demand is declining as the Indian economy reopens

Five of the eight highfrequency indicators compiled by Bloomberg News showed an improvement. Indias economy was revitalized in May due to increased de

Five of the eight highfrequency indicators compiled by Bloomberg News showed an improvement. Indias economy was revitalized in May due to increased demand for services and rising industrial production, which continued to reopen due to pandemic restrictions. Indias central bank has increased borrowing costs by 90 basis points so far this year and has pledged to do more to keep inflation below 6%. Read More..

B2B Tech News | 2 years ago        

Global Investments in Digitalization of Airport Operations are Growing, Fueling the Airport 4.0 Market Boom

Global Airport 4.0. the market is projected to grow at a solid pace during the forecast period. The presence of important players in the ecosystem has

Global Airport 4.0. the market is projected to grow at a solid pace during the forecast period. The presence of important players in the ecosystem has led to a competitive and diverse market. Increasing investments by prominent vendors in product capabilities and business expansion is assumed to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where large populations are coupled with innovations in numerous industries. Read More..

B2B Tech News | 2 years ago        

FTX Crypto Exchange is under discussion to acquire shares in BlockFi WSJ

FTX is in talks to acquire a stake in crypto lender BlockFi. BlockFi has signed a term sheet with FTX for a $250 million revolving credit facility. Th

FTX is in talks to acquire a stake in crypto lender BlockFi. BlockFi has signed a term sheet with FTX for a $250 million revolving credit facility. The news comes amid a rout in the digital currency market. The company previously announced it was cutting its headcount by about 20% amid concerns about the U.S. economy and bitcoins value. Read More..

B2B Tech News | 2 years ago        

Australian company Carsales.com will acquire 51% of American company Trader Interactive

Carsales.com Ltd said on Monday it acquired the remaining 51% stake in USbased Trader Interactive for $ 809 million. The Australian online auto classi

Carsales.com Ltd said on Monday it acquired the remaining 51% stake in USbased Trader Interactive for $ 809 million. The Australian online auto classifieds firm bought 49% of the Virginiabased online advertising company last year. It will finance the acquisition through a capital increase of AU $ 1.21 billion. Carsales CEO Cameron McIntyre said the acquisition should offer attractive economic benefits for shareholders with doubledigit earnings per share growth in the first year. Carsales.com also said that performance in the first five months of fiscal 2022 reflects a steady and healthy level of demand in the Australian automotive and nonautomotive markets. Read More..

B2B Tech News | 2 years ago        

Tanzania is attacking traders with nearly double export tariffs

Tanzanian authorities raised the price of obtaining export licenses from the previous Sh27,000 per truck to Sh52,000 as of today. As traders and truck

Tanzanian authorities raised the price of obtaining export licenses from the previous Sh27,000 per truck to Sh52,000 as of today. As traders and truckers were taken aback by the new requirement, the move resulted in a significant backlog of trucks moving to Kenya in the previous week. Tanzania has raised the fees it charges for export permits to complicate matters at the border. Another round of trade disputes between Nairobi and Dar es Salaam is also likely to result from it. Read More..

B2B Tech News | 2 years ago        

Prosus and Naspers would sell Tencent shares gradually to pay for share repurchases

Dutch technology investment firm Prosus and its majority South African shareholder Naspers announced plans on Monday to sell their massive stake in Ch

Dutch technology investment firm Prosus and its majority South African shareholder Naspers announced plans on Monday to sell their massive stake in Chinese software giant Tencent to fund a share purchase program. Prosus owns a 28.9% stake in Tencent, worth over $100 billion. The companies said they could sell Tencent shares at 35% of Tencents average daily trading volume. 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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