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Korea boosts export growth, reflecting global recovery

Overseas shipments rose 9.4% from last year, below the 10% growth rate expected. According to the data, shipments of semiconductors rose 2.1 percent,

Overseas shipments rose 9.4% from last year, below the 10% growth rate expected. According to the data, shipments of semiconductors rose 2.1 percent, while exports to China fell 2.5%. Sales to the United States rose 14.6%, reaching $10 billion for the first time in history. Koreas trade data is a leading indicator of global economic activity. Concerns about the global outlook weighed heavily on Korean exporters. Exports to the United States rose for the second consecutive year, while exports to the Association of Southeast Asian Nations ASEAN and India rose for the 17th consecutive month. Read More..

B2B Tech News | 3 years ago        

CBK orders banks to close unauthorized Flutterwave and Chipper Cash accounts

Kenyas Central Bank of Kenya CBK has said that Chipper Cash and Flutterwave were not licensed to operate in the East African country. regulators have

Kenyas Central Bank of Kenya CBK has said that Chipper Cash and Flutterwave were not licensed to operate in the East African country. regulators have ordered all financial institutions to stop trading with the two fintech companies. The lenders are to report back to CBK within seven days. The Central Bank of Kenya CBK has ordered banks to stop lending to payments startups Flutterwave Payments Technology and Chipper Cash. The payments unicorns have offices in Lagos, Nigeria, and San Francisco, US, and offer remittance services across Africa. They have no licensed remittance or payment service providers in Kenya — a major tech hub in Africa and a strategic location for the two startups. Read More..

B2B Tech News | 3 years ago        

Swvls $100 million acquisition of smart bus startup Zeelo fell amid lower tech stocks

Zeelo has dropped the news that the acquisition of U.K. start bus platform Zeelo by Mass transit group Swvl is now terminated, citing overall market c

Zeelo has dropped the news that the acquisition of U.K. start bus platform Zeelo by Mass transit group Swvl is now terminated, citing overall market conditions and the obvious slump in tech stocks. The April 28 acquisition was expected to close on May 24, and all precompletion obligations were met, but following financial market volatility, Swvl and Zeelo mutually agreed to terminate the planned transaction. Zeelo, the Londonbased ridesharing company, has cut a deal with electric fleet and network infrastructure provider, Zenobe to enable the former to run rides on electric vehicles, with a consequent position contribution to its netzero goals. Read More..

B2B Tech News | 3 years ago        

Alibaba, a Chinese company, fights to maintain its New York Stock Exchange listing despite an audit dispute

Alibaba Group Holding Ltd on Monday said it would seek to maintain its listing on the New York Stock Exchange alongside its Hong Kong listing. The com

Alibaba Group Holding Ltd on Monday said it would seek to maintain its listing on the New York Stock Exchange alongside its Hong Kong listing. The company was the latest of more than 270 companies added to the SECs list of USbased Chinese companies filed on Friday. The Foreign Corporations Accountability Act HFCAA aims to resolve longstanding disputes over audit compliance for Chinese companies incorporated in the United States. External auditing of business documents by local accounting firms has been banned in Beijing. Analysts estimate that Alibaba stock could raise $21 billion from major investors via StockConnect. Read More..

B2B Tech News | 3 years ago        

Shareholders task insurers on education investments

The shareholders of Cornerstone Insurance Plc urge insurance companies to increase their investments in the educational sector in order to improve the

The shareholders of Cornerstone Insurance Plc urge insurance companies to increase their investments in the educational sector in order to improve the standard of education for Nigerians. Dr. Anthony Omojola, the chairman of the Independent Shareholders Association of Nigeria ISAN, thanked the company for the dividend payment at a time when the majority of businesses arent considering the welfare of their shareholders. Segun Adebanji, the CEO of the insurance company, advised the companys managers and stockholders to continue the growth trajectory despite the challenging business environment. Additionally, the shareholders praised Cornerstone Insurance Plc for creating jobs, maintaining a gross premium income GPI of N20.9 billion, and paying dividends on time. Read More..

B2B Tech News | 3 years ago        

The potential of offshore wind energy in Latin America

30 years after the installation of the worlds first offshore wind farm, Latin America is starting to show interest. Offshore wind power provides more

30 years after the installation of the worlds first offshore wind farm, Latin America is starting to show interest. Offshore wind power provides more reliable and scalable generation than conventional wind power. Avoid the territorial disputes that often arise in offshore wind farms. Brazil and Colombia took the first steps towards industrial development. The offshore wind industry has seen rapid growth, particularly in China and OECD countries. Last year, the wind industry set a record for new offshore wind installations with a global capacity of 21 GW. Brazil and Colombia are the countries most advanced in offshore wind legislation. The World Bank has estimated the technological potential of about 8,000 GW in the regions watershed. Read More..

B2B Tech News | 3 years ago        

Natixis Corporate Banking and Investments is financing a $70 million acquisition of apartment buildings in Maryland

Natixis Corporate & Investment Banking provided $70.01 million in floating rate financing over five years to subsidiaries of Rose Valley Capital, a su

Natixis Corporate & Investment Banking provided $70.01 million in floating rate financing over five years to subsidiaries of Rose Valley Capital, a subsidiary of Hampshire Properties, to finance the acquisition of The Fields at Rock Creek, a multifamily home of 314 units Class A property, open, located in Frederick, Maryland. Natixis Corporate & Investment Banking has initiated a fiveyear, $70.01 million floating rate financing to fund the acquisition of The Fields at Rock Creek, a 314unit Class A multifamily home in Frederick, Maryland. The property is located at the intersection of I270 and I70 and provides convenient access to Washington, D.C. and Baltimore. Read More..

B2B Tech News | 3 years ago        

With a focus on Web3, Singapores Insignia seeks USD 516 million for ASEAN businesses

Singapore based venture capital firm Insignia Ventures Partners announced on Monday that it has raised $516 million to invest in Southeast Asian start

Singapore based venture capital firm Insignia Ventures Partners announced on Monday that it has raised $516 million to invest in Southeast Asian startups. Invested in private companies or unicorns valued at over $1 billion, such as Carro, an online car marketplace based in Singapore. The total amount raised is more than double the $200 million raised for the second fund in 2019. This reflects a strong interest in Southeast Asias startup sector despite the global decline in tech valuations. Pressure on Chinas tech industry has turned investors elsewhere. Read More..

B2B Tech News | 3 years 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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