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Worst week of load shedding in SA to hit hard economy

The economy in South Africa will be severely impacted by the worst load shedding week ever. Although the precise economic impact has not yet been dete

The economy in South Africa will be severely impacted by the worst load shedding week ever. Although the precise economic impact has not yet been determined, economists and business executives have issued warnings that the cost will be in the billions of rands. Stage 6 rolling blackouts have occurred today for the fourth day in a row. Investor perception of the South African stock market has been impacted by the countrys loadshedding crisis. Lullu Krugel, an economist with PwC, is concerned about the potential longterm effects this may have on investment and the expansion of the SA economy. Load shedding could cost SA 500,000 jobs and 250 basis points [2.5] of growth if it continues. Read More..

B2B Tech News | 2 years ago        

TM and CISCO announce a strategic partnership to share Malaysias digital agenda

Telekom Malaysia Berhad TM, a Malaysian telecommunications and digital infrastructure provider, and Cisco International Limited, a global technology l

Telekom Malaysia Berhad TM, a Malaysian telecommunications and digital infrastructure provider, and Cisco International Limited, a global technology leader, have announced a new strategic partnership. Both sides have signed two cooperation agreements to develop a 5G innovation platform and to lay the groundwork for major projects that will help Malaysia accelerate technology adoption and innovation for small and mediumsized enterprises SMEs in Malaysia. Cisco and TM will build a 5G service center to stimulate 5G adoption and provide proof of the concept of enterprise and verticals. This collaboration is based on the 17year partnership between TM and Cisco and will be the first of many TM Innovationbased collaborations based on TM. Read More..

B2B Tech News | 2 years ago        

Civil Defense advises Nigerians that security is everyone’s business

Dr. Ahmed Audi advises Nigerians to exercise caution in the face of the current problems in the country, even as the institute offers solutions to con

Dr. Ahmed Audi advises Nigerians to exercise caution in the face of the current problems in the country, even as the institute offers solutions to conflicts between farmers and herders, food insecurity, and other issues. He gave the guidance yesterday in Abuja at the agencys quarterly media briefing. Adeleke, the head of NISS, expressed the hope that the forum would offer different viewpoints on the issues. Dr. Ahmed Audi, COMMANDANTGENERAL CG of the Nigeria Security and Civil Defence Corps NSCDC, has urged Nigerians to exercise caution in the face of current national challenges and declared that everyone should be concerned about security. Read More..

B2B Tech News | 2 years ago        

In a new contract proposal, American Airlines provides pilots with raises of about 17%

American Airlines CEO Robert Isom says the carrier has offered its pilots pay raises totaling nearly 17% under a new contract. It comes less than a we

American Airlines CEO Robert Isom says the carrier has offered its pilots pay raises totaling nearly 17% under a new contract. It comes less than a week after rival United Airlines and its pilots union reached a tentative agreement. Americans proposal includes a 6% raise at signing, and then 5% raises at the start of 2023 and 2024. American Airlines is proposing other pay increases for training and a 50% premium on reassignment, including for reserve crews, union official says. The union has repeatedly complained about fatigue from grueling schedules and other quality of life issues. American Airlines regional carrier Envoy Air said pilots could receive triple pay for picking up open trips in July. Read More..

B2B Tech News | 2 years ago        

Visit to the NHOA Global Engineering Center in Milan by the Premier of Western Australia

The Hon. Mark McGowan visited NHOAs Paris NHOA Global Engineering Center in Milan as part of his Reconnect WA mission. NHOA Energy, through its region

The Hon. Mark McGowan visited NHOAs Paris NHOA Global Engineering Center in Milan as part of his Reconnect WA mission. NHOA Energy, through its regional headquarters in Perth, will support the Western Australia Governments push toward the energy transition favoring the growth of cuttingedge expertise, technologies, and intellectual properties in the region. The NHOA Groups Global Business Line dedicated to energy storage was selected to provide a battery energy storage system, which will contribute to the additional security and stability of Western Australias power system. Read More..

B2B Tech News | 2 years ago        

Volt, Australias first online bank, closes due to fundraising issues

Volt Bank Ltd, the first exclusively online bank to gain an Australian banking license, has gone bust. The company had A$113 million $78 million in de

Volt Bank Ltd, the first exclusively online bank to gain an Australian banking license, has gone bust. The company had A$113 million $78 million in deposits and A$80 million of home loans as of April. It raised A$85 million, with mortgage broker Australian Finance Group AFG paying A$15 million for an 8% stake. Rising inflation and interest rates this year have made it harder for onlineonly banks to compete with established lenders. Digital challengers have struggled to break into mainstream banking in developed markets where most countries have three to five banks controlling 8090% of retail deposits through those that had focused on niches like lowercost crossborder transfers, had proven more successful. Read More..

B2B Tech News | 2 years ago        

Coinbase expands in Europe

Coinbase Global Inc has renewed its focus on its expansion in Europe and is in the process of registering in markets including Italy, Spain, France, a

Coinbase Global Inc has renewed its focus on its expansion in Europe and is in the process of registering in markets including Italy, Spain, France, and the Netherlands. The company is already registered in the U.K, Ireland, and Germany and recently hired its first employee in Switzerland. The move comes weeks after the company slashed more than 1,000 jobs in the U.S. amid a downturn in the crypto sector. Read More..

B2B Tech News | 2 years ago        

Australian market falls on profit booking

However, market losses were capped in response to upbeat Australian retail sales data. At the closing bell, the benchmark S&P/ASX200 fell 63.41 points

However, market losses were capped in response to upbeat Australian retail sales data. At the closing bell, the benchmark S&P/ASX200 fell 63.41 points, or 0.94%, to 6,700.23. A total of 8 of 11 sectors were lower along with the S&P/ASX 200 Index. Absolute Estate trust was the worstperforming sector, falling 4%, followed by information technology down 2.8%, telecommunication services down 2.2%, healthcare down 1.5%, and materials down 1.5%. Financial was the best performing sector, gaining +0.27%Investors took cues from an overnight selloff on Wall Street after dismal US consumer confidence data stoked recession concerns. Energy stocks gained on upbeat oil prices. 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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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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