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Cost of living warnings and interest rate hikes will have catastrophic consequences

More Australians are likely to face losing their homes and falling into bankruptcy, an expert has warned. Malcolm Howell, the partner at insolvency fi

More Australians are likely to face losing their homes and falling into bankruptcy, an expert has warned. Malcolm Howell, the partner at insolvency firm Jirsch Sutherland, said there had already been a rise in personal bankruptcies but predicted a significant increase in the next 18 months. He said surging prices for groceries, power, gas, and petrol would all place pressure on Australians, particularly those with young kids. But Australians are also at risk of losing their family home, although Mr. Howell acknowledged that banks are scared to pull the trigger and will do everything in their power to prevent people from defaulting. Read More..

B2B Tech News | 2 years ago        

The Philippine central bank makes an astonishing 75 basis point rate hike

The central bank of the Philippines raised interest rates by 75 basis points on Thursday July 14th in a surprise offcycle move. It brings the key over

The central bank of the Philippines raised interest rates by 75 basis points on Thursday July 14th in a surprise offcycle move. It brings the key overnight borrowing rate to 3.25 percent effective Thursday, its governor Felipe Medalla said. The move comes ahead of the BSPs regular monetary policy meeting on August 18 and follows two backtoback rate hikes of 25 basis points each in May and June. Inflation in the Philippines rose to its highest level in nearly four years in June and is expected to remain high. Singapores central bank also tightened its monetary policy on Thursday, also in an offcycle move, as the citystate joins other countries ramping up efforts to control price pressures. Read More..

B2B Tech News | 2 years ago        

Suez Canal technology regulator reported a profit of $ 27.4 million in nine months

The Suez Canal Technology Authority reported consolidated revenues of approximately EGP 517 million $ 27.4 million for the nine months ended May 31. C

The Suez Canal Technology Authority reported consolidated revenues of approximately EGP 517 million $ 27.4 million for the nine months ended May 31. Consolidated profit fell by EGP 519 million compared to the same period last year, according to a financial report submitted on Monday to the Egyptian Stock Exchange. SCTS is a limited liability company that provides educational services based in Egypt. The company owns and operates Kazan University in Kazan, near Cairo. Read More..

B2B Tech News | 2 years ago        

China allocates 7.2 trillion yuan to support Xis infrastructure push

China is making 7.2 trillion yuan S $1.5 trillion in funds available for infrastructure spending. The figure refers to governmentbacked funds Preside

China is making 7.2 trillion yuan S $1.5 trillion in funds available for infrastructure spending. The figure refers to governmentbacked funds President Xi Jinping has called for an allout effort to increase infrastructure spending this year.  Its unclear just how much will be spent on infrastructure. Citis Yu estimates the number could be 16.5 trillion yuan. Others are more optimistic. Spending could reach about 19 trillion yuan this year, contributing 3.7 percentage points to Chinas GDP growth. Read More..

B2B Tech News | 2 years ago        

Energy leaders must change U.S. policy

A transition from the grid to all renewables could be possible. But it wont save money. Of course, not for the next 25 years. Last year, 35% of the en

A transition from the grid to all renewables could be possible. But it wont save money. Of course, not for the next 25 years. Last year, 35% of the energy consumed by North Dakota residents came from renewable energy sources. Since 2003, energy transportation costs in North Dakota have increased by 38%. According to Fedorczak, the oil and gas industry will struggle to meet growing energy demand. A significant increase in production would require an investment of $20 million a day in the industry, he says. Fossil fuels are not a longterm sustainable investment, and oil and gas companies do not reinvest in exploration and production. Read More..

B2B Tech News | 2 years ago        

Infosys acquires the technology and life sciences consulting company BASE

Infosys has acquired BASE life Science, a technology and consulting firm for the European life sciences industry, for 110 million euros. According to

Infosys has acquired BASE life Science, a technology and consulting firm for the European life sciences industry, for 110 million euros. According to Infosys, the company has 200 top multidisciplinary industry experts from Denmark, Switzerland, the United Kingdom, Germany, France, Italy and Spain. The acquisition is expected to be completed in the second quarter of fiscal year 2023. Base Life Science CEO Martin Voergaard said the acquisition will help accelerate their international expansion and create development opportunities. Read More..

B2B Tech News | 2 years ago        

Razer demands $7 million from Capgemini for a 2020 data breach

Razer has sued its vendor Capgemini over a cybersecurity breach in 2020 that leaked the personal information of more than 100,000 Razer users. The gam

Razer has sued its vendor Capgemini over a cybersecurity breach in 2020 that leaked the personal information of more than 100,000 Razer users. The gaming firm is seeking compensation of nearly US$7 million in damages from the Parisbased IT provider. It claims the breach was the result of a server misconfiguration caused by an employee. Over 100,000 Razer customers had their data exposed in a security breach that affected the gaming peripherals companys online store. Read More..

B2B Tech News | 2 years ago        

U.S. companies will invest $ 40 billion in Mexico by 2024

According to Mexican President Andres Manuel Lopez Obrador, US businesses intend to invest $40 billion in Mexico from now until 2024. However, Lopez O

According to Mexican President Andres Manuel Lopez Obrador, US businesses intend to invest $40 billion in Mexico from now until 2024. However, Lopez Obrador assured Biden on Tuesday that Mexico was prepared to cooperate with the US to guarantee energy supplies and further North American economic unity. Lopez Obrador said that he had gone to the business breakfast to listen to energy businesses, including Sempra Energy, according to Mexican Economy Minister Tatiana Clouthier, who was also present. Following a meeting on Tuesday between the Mexican president and his US counterpart Joe Biden, along with other officials, Lopez Obrador and Ebrard are now in Washington. 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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