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HSBC Launches Hong Kong’s First BankLed Blockchain Payment System

The first bankled blockchain payment system in Hong Kong was introduced by HSBC, allowing corporate clients to make tokenised deposits in real time. T

The first bankled blockchain payment system in Hong Kong was introduced by HSBC, allowing corporate clients to make tokenised deposits in real time. The service, which runs aroundtheclock to improve liquidity management, enables rapid USDHKD transactions between HSBC Hong Kong wallets. The project is in line with Project Ensemble, an investigation into blockchainbased financial solutions supported by the Hong Kong Monetary Authority. The first company to use the service was Ant International, which used HSBCs distributed ledger to complete an instant intragroup fund transfer. HSBC wants to strengthen its digital financial skills by extending the service to Asia and Europe. The action indicates that blockchain technology is increasingly being adopted by institutions in corporate treasury operations. Read More..

B2B Tech News | 8 months ago        

AfDB Lowers Africa’s 2025 Growth Forecast to 3.9% Amid Trade Tariff Uncertainty

Citing uncertainty around trade tariffs, the African Development Bank AfDB reduced its previous estimate of Africas growth in 2025 by 0.2 percentage p

Citing uncertainty around trade tariffs, the African Development Bank AfDB reduced its previous estimate of Africas growth in 2025 by 0.2 percentage points to 3.9%. The revision comes in the wake of fresh U.S. tariffs and trade partner retaliation, which have hurt Africas export markets and disrupted global demand. Additionally, the AfDB reduced its growth forecast for 2026 to 4.0%, citing persistent macroeconomic volatility. Ethiopia, Niger, Rwanda, and Senegal are predicted to top the 21 African economies in growth at 7% or above, despite obstacles. In light of changing dynamics in international trade, the bank underlined the necessity of changing policies to reduce risks and maintain economic resilience. Read More..

B2B Tech News | 8 months ago        

IndiaU.S. Strategic Trade Dialogue Gains Momentum With HighLevel Talks

In Washington, U.S. Under Secretary Jeffrey Kessler and Indias Foreign Secretary Vikram Misri met to discuss the early convening of the IndiaU.S. Stra

In Washington, U.S. Under Secretary Jeffrey Kessler and Indias Foreign Secretary Vikram Misri met to discuss the early convening of the IndiaU.S. Strategic Trade Dialogue as well as ways to advance IndiaU.S. cooperation in key and emerging technologies. Following Prime Minister Narendra Modis February visit to the United States, the two countries inaugurated the IndiaU.S. COMPACT initiative, which aims to improve military, commercial, and technological ties. During her threeday visit, which runs from May 27 to May 29, Misri will meet with top U.S. officials to expand bilateral economic and technological cooperation. It is anticipated that the conversation will quicken collaborative efforts, strengthening Indias strategic commercial interests in the face of global economic changes. Read More..

B2B Tech News | 8 months ago        

LA28 Olympic Games Partner With Snowflake for AIDriven Data Collaboration

Snowflake has partnered with the LA28 Olympic and Paralympic Games as their official data collaboration service, facilitating event planning, fan inte

Snowflake has partnered with the LA28 Olympic and Paralympic Games as their official data collaboration service, facilitating event planning, fan interaction, and athlete training data management. Datadriven decisionmaking will be ensured by centralising Team USAs nutrition sources, performance statistics, and medical records on Snowflakes AIpowered cloud platform. The collaboration intends to improve individualised fan experiences by enabling realtime interaction via digital channels. By facilitating safe data exchange, Snowflakes adaptable architecture will maximise LA28s operational effectiveness and logistics. In the direction of technologically improved Olympic Games, the partnership highlights the expanding role of AI and cloud computing in sports analytics and event management. Read More..

B2B Tech News | 8 months ago        

Telus Invests C$70 Billion to Expand AI and Wireless Infrastructure Across Canada

In order to improve cellular coverage, especially in rural regions, and build out its network infrastructure, Telus is spending C$70 billion $50.88 bi

In order to improve cellular coverage, especially in rural regions, and build out its network infrastructure, Telus is spending C$70 billion $50.88 billion in Canada over the next five years. This includes the opening of two AI data centres. The investment coincides with worries about an economic downturn, in part because of U.S. tariffs that impact Canadian exports. Teluss capital investment plans, which include C$2.5 billion in yearly spending, are in line with its goal of fostering domestic innovation. In Q1 2025, the firm recorded 218,000 new mobile and fixed clients, indicating a high demand for broadband networks and bundled wireless bundles. Read More..

B2B Tech News | 8 months ago        

Iraq Signs $848 Million Oil Deal With China’s GeoJade Petroleum

With the goal of increasing output at the Tuba oilfield from 20,000 to 100,000 barrels per day, Iraq has inked a significant oil deal with Chinas GeoJ

With the goal of increasing output at the Tuba oilfield from 20,000 to 100,000 barrels per day, Iraq has inked a significant oil deal with Chinas GeoJade Petroleum. The deal represents a major advancement in Iraqs energy infrastructure development and includes the construction of a fertiliser facility, a petrochemical plant, and a refinery with a capacity of 200,000 barrels. By contributing $848 million to the South Basra integrated project, GeoJade will strengthen Chinas expanding influence in Iraqs oil industry. The agreement supports Iraqs goal of increasing its petroleum production, establishing it as a major participant in OPEC+ and fortifying its bonds with Beijing on the economic front. Read More..

B2B Tech News | 8 months ago        

Trump Delays 50% EU Tariff Until July 9 After Call With Von der Leyen

After speaking with Ursula von der Leyen, president of the European Commission, U.S. President Donald Trump has delayed the implementation of a 50% du

After speaking with Ursula von der Leyen, president of the European Commission, U.S. President Donald Trump has delayed the implementation of a 50% duty on goods from the European Union EU until July 9. After von der Leyen asked for more time for negotiations, Trump agreed to the delay, even though he had originally intended to implement the levy on June 1 due to failed negotiations. Trumps most recent action increases fears about transatlantic trade tensions, even though the EU had previously faced a 20% duty that was lifted in April. The European markets responded favourably, with the Paris CAC 40 up 1.1% and Frankfurts DAX up 1.6%. Before the new deadline, the delay enables both parties to look for a mutually beneficial trade agreement. Read More..

B2B Tech News | 8 months ago        

ECB’s Lagarde Says Euro Could Challenge U.S. Dollar’s Global Dominance

Citing global economic changes and investor concerns over the instability of U.S. policy, European Central Bank ECB President Christine Lagarde has sa

Citing global economic changes and investor concerns over the instability of U.S. policy, European Central Bank ECB President Christine Lagarde has said that the euro might emerge as a competitive alternative to the U.S. dollar. Speaking in Berlin, Lagarde underlined that if Europe fortifies its financial and security framework, the euros contribution to global trade might grow. She called on EU countries to improve crossborder payments, create a single bond market, and further economic integration. With the euro holding 20% of global reserves and the dollar down to 58%, there is room for expansion. Lagarde emphasised that Europe must merit its stature and promoted cooperative trade and financial arrangements to improve the euros reputation internationally. Read More..

B2B Tech News | 8 months ago        



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