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Samsung’s betterthanexpected gains are raising chip stocks

Samsung shares rose on Thursday after the South Korean tech giant released betterthanexpected earnings estimates for the second quarter. Asian chip ma

Samsung shares rose on Thursday after the South Korean tech giant released betterthanexpected earnings estimates for the second quarter. Asian chip makers are also recovering after Samsungs gains eased investors concerns about rising inflation, weakening consumer demand, and rising material costs. Analysts have warned that weak demand could lead to poor performance. Samsung Foundry may have had a doubledigit operating margin in Q2. The foundry is a chipmaking operation that allows companies to design and produce semiconductors. Analysts expect a shortterm headwind due to oversupply and low demand. Read More..

B2B Tech News | 2 years ago        

Ghana and Nigerias SEC will support market rules in the West African area

SEC Nigeria has restated its commitment to working with its Ghanaian counterpart to promote innovation, fair competition, and efficient market regulat

SEC Nigeria has restated its commitment to working with its Ghanaian counterpart to promote innovation, fair competition, and efficient market regulations. DirectorGeneral of SEC Nigeria, Lamido Yuguda, stated this during a meeting with SEC Ghana in Abuja yesterday. He said it was appropriate that SEC Ghana launched its maiden Capital Market Master Plan CMMP in May 2021 to serve as a blueprint for developing the Ghanaian capital market over the next ten years. A massive $1.2 trillion was wiped off the entire cryptocurrency market in the second quarter, with bitcoin seeing its worst performance in a decade. The period may have marked an important shift of preference among Nigerian youths who are fast embracing the global financial market. Read More..

B2B Tech News | 2 years ago        

Riven confirms it plans to produce 25,000 electric vehicles this year

Electric vehicle company Rivian Automotive said it produced more than 4,000 vehicles in the second quarter. The company said last year in its IPO road

Electric vehicle company Rivian Automotive said it produced more than 4,000 vehicles in the second quarter. The company said last year in its IPO roadshow that is assumed to build 50,00 vehicles in 2022. In March, they halved the guideline, saying ongoing problems in the global supply chain added an extra layer of complexity. Shares of Rivian Motors jumped 10.4% after the company said it produced 4,401 electric pickup trucks and SUVs in the second quarter. The company still expects to make 25,000 vehicles this year. Read More..

B2B Tech News | 2 years ago        

UNIPLAT of Unify Platform AG announces a strategic partnership with EUTECH to contribute to the achievement of the UN Sustainable Development Goals

UNIPLAT, the world’s first online platform for researchers and entrepreneurs to showcase their research projects focused on the UN Sustainable Devel

UNIPLAT, the world’s first online platform for researchers and entrepreneurs to showcase their research projects focused on the UN Sustainable Development Goals SDGs, has officially announced a strategic partnership with the European Chamber of Technology EUTECH. EUTECH is a registered nonprofit organization that develops technologies, people, economies, societies, nations, and policies for human prosperity. Both organizations share the same mission to achieve and work for sustainable goals. The SDG Alliance is one of the EUTECH alliances that helps European and international companies become more competitive by improving access to finance and resources. Read More..

B2B Tech News | 2 years ago        

How will technology revive Japan’s energy market?

Apollon is a solar energy forecasting system developed by Kansai Electric Power. It uses images from Japans Himawari8 meteorological satellite to pred

Apollon is a solar energy forecasting system developed by Kansai Electric Power. It uses images from Japans Himawari8 meteorological satellite to predict solar radiation levels. This system can save millions of dollars depending on the price of raw materials such as oil and gas. Hitachis K4 Ventures explores lowcarbon solutions, batteries, AI, and more. As more people work from home, they are motivated to reduce their electricity bills. These products could increase investment in companies involved in the clean energy movement. Read More..

B2B Tech News | 2 years ago        

56 bank accounts worth $7 billion are frozen by a court.

The High court has frozen 56 bank accounts holding a huge amount of Sh7 billion suspected to have been laundered by foreign nationals. The orders were

The High court has frozen 56 bank accounts holding a huge amount of Sh7 billion suspected to have been laundered by foreign nationals. The orders were issued after the Asset Recovery Agency ARA told the court that the accounts for seven targeted companies were used for money laundering. The accounts that have been frozen are in USD, British Pound Sterling, EURO, and Kenya shillings. The accounts were used as conduits for money laundering in the guise of providing merchant services. Justice Maina stopped Boxtrips travels and tours limited from transferring or withdrawing 3.9 million dollars Sh460 million held in his Eco bank account. For Bagtrip travels, the director of the company is listed as Taiwo Soyemi, a Nigerian National. Read More..

B2B Tech News | 2 years ago        

Denver airport manager Phil Washington is chosen by Biden to lead the FAA.

Joe Biden nominates Phil Washington, the head of Denver International Airport, to lead the FAA. The nomination comes after Steve Dickson left the post

Joe Biden nominates Phil Washington, the head of Denver International Airport, to lead the FAA. The nomination comes after Steve Dickson left the post about halfway through his term at the end of March. Billy Nolen, the FAA chief of security, has been named interim administrator. The FAA has been working with airlines to bring down the rate of flight delays and cancellations amid staffing shortages and other challenges. The FAA says staffing issues are not the cause of most of the delays and cancellations. The agency recently trimmed its schedule in Newark, New Jersey, to help avoid delays. Other carriers including Delta, JetBlue, and Southwest have cut flights so they arent overwhelmed when routine disruptions happen. Read More..

B2B Tech News | 2 years ago        

Commodities have fallen to their lowest levels in months due to fears of a market slowdown

From crude oil to natural gas, copper to cobalt, nickel to palm oil to cotton, commodities across the board experienced multimonth lows. Investors al

From crude oil to natural gas, copper to cobalt, nickel to palm oil to cotton, commodities across the board experienced multimonth lows. Investors all over the world were paralyzed by worries about a recession, a slowdown in the global economy, and an uptick in COVID cases. The majority of commodities increased, especially on March 7. Prices for commodities have fallen dramatically over the past month. Aluminum and copper prices have both fallen to oneyear lows. Copper has reached a 19month low. Agricultural commodities were not exempt from the downward trend, as crude palm prices dropped by 10% to almost a years low. Read More..

B2B Tech News | 2 years ago        



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