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Russia unit will be sold by Frances Schneider Electric to local management

Schneider Electric is expected to reduce its net book value to 300 million euros $ 313 million as a result of the divestiture. Michelin has announced

Schneider Electric is expected to reduce its net book value to 300 million euros $ 313 million as a result of the divestiture. Michelin has announced that it plans to hand over its Russian operations to a new local company by the end of the year. Diageo, the worlds largest spirits maker, Finnish elevator maker Kone and forestry machine manufacturer Ponsse have also announced plans to leave Russia. Read More..

B2B Tech News | 2 years ago        

A raw slip of recession anxiety Oil and gas imports from Algeria have increased. A planned strike could reduce Norwegian gas production

The September Brent crude futures contract was down 36 cents, or 0.3 percent, to $111.27 per barrel at 0300 GMT. US West Texas Intermediate crude futu

The September Brent crude futures contract was down 36 cents, or 0.3 percent, to $111.27 per barrel at 0300 GMT. US West Texas Intermediate crude futures fell 34% following a Friday gain of 2.5%. According to an official, in the first five months of 2022, Algerias oil and gas revenues increased by 70%. The Norwegian Oil and Gas Association, an employers group, estimates that a strike in Norway could reduce gas production by 13%. Plans are being made as natural gas supplies to Europe are extremely limited due to Russian export restrictions. After rising 2.5 percent on Friday, US West Texas Intermediate crude futures for August delivery fell 34 cents, or 0.3 percent, to $108.09 a barrel. Read More..

B2B Tech News | 2 years ago        

Australias Link declines Dye & Durhams lower offer but leaves the door open

Australias Link Administration said on Monday it will not recommend Canadian cloudbased software firm Dye & Durham Ltds lowered takeover bid. The shar

Australias Link Administration said on Monday it will not recommend Canadian cloudbased software firm Dye & Durham Ltds lowered takeover bid. The share registry firm said it would consider the reduced offer if D&D could satisfy the regulator the acquisition would not impact competition. Link has received multiple buyout offers, at the heart of which is its prized stake in electronic conveyancing firm PEXA. Read More..

B2B Tech News | 2 years ago        

Used car prices rise 30 percent in three months in Kenya

Over the past three months, used car prices in Kenya have increased by up to 30%. The lowrange types like Vitz are now costing more than Sh1.2 million

Over the past three months, used car prices in Kenya have increased by up to 30%. The lowrange types like Vitz are now costing more than Sh1.2 million due to the weak shilling, a lack of available vehicles, and rising shipping costs. Customers are canceling orders and choosing Nissan and Mazda over popular Toyota car models. The price of a used Land Cruiser ZX petrol engine has increased from Sh8 million in March to Sh9.5 million, which has slowed sales of the luxury vehicle. The price increase appears to be hurting young people who buy the equipment to work in the transportation industry. Read More..

B2B Tech News | 2 years ago        

French company Thales collaborates with EXPAL for Australias military

French defense and technology group Thales announced on Monday a partnership with EXPAL Systems to supply equipment to the Australian military. The mo

French defense and technology group Thales announced on Monday a partnership with EXPAL Systems to supply equipment to the Australian military. The move comes as France and Australia aim to improve diplomatic relations after a dispute last year. Relations between the two countries were badly strained by a decision by Australias former prime minister to ditch a lucrative submarine contract with France. The deal comes just months after Australia canceled a multibilliondollar order for submarines with French company Naval Group, which is a unit of Thales. Read More..

B2B Tech News | 2 years ago        

Supercars are pushed to the back of the grid by the EUs electric vehicle drive

The EU has agreed on draft legislation banning the sale of new petrol or diesel cars by 2035, ignoring a plea from Italy for a Ferrari exception. The

The EU has agreed on draft legislation banning the sale of new petrol or diesel cars by 2035, ignoring a plea from Italy for a Ferrari exception. The ban is part of the EUs Fit for 55 plan to reduce greenhouse gas emissions by at least 55% by 2030. Petrolhead supercar owners who love the rumble of a V8 and the aroma of exhaust fumes are being told to prepare for a legally enforced smoother ride. Read More..

B2B Tech News | 2 years ago        

Kenya, TZ trade tops 100 billion shillings as Suluhu celebrates one year in office

Trade between Kenya and Tanzania reached Sh107.63 billion in March 2022, up 66.86 % from Sh64.51 billion the previous year. According to data compiled

Trade between Kenya and Tanzania reached Sh107.63 billion in March 2022, up 66.86 % from Sh64.51 billion the previous year. According to data compiled by the Kenya National Bureau of Statistics, Kenyan traders spent Sh56.78 billion trucking in goods from Tanzania KNBS. Ms. Suluhus trip to Kenya in May of last year marked the first official state visit she had made since taking office. During that trip, she and her host, President Uhuru Kenyatta, gave instructions to their respective trade ministries to find and settle any outstanding disputes affecting the flow of goods across borders. Read More..

B2B Tech News | 2 years ago        

Deutsche Bank accelerates the hiring of technicians in India

The bank has doubled its headcount in India to 5,000, primarily in tech, but also in other roles. It will add another 2,500 people this year to cater

The bank has doubled its headcount in India to 5,000, primarily in tech, but also in other roles. It will add another 2,500 people this year to cater to growth and backfill roles, he says. As we launch our technology strategy in 2019, we want to strengthen engineering and IT architecture excellence at Deutsche Bank and maintain these capabilities inhouse, the bank’s chief technology, data, and innovation officer Bernd Lugert told ET recently. Visit India. Read More..

B2B Tech News | 2 years ago        



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