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INDIAN WHEAT CONSIGNMENT REJECTED BY TURKEY

Turkish authorities have denied permission for an Indian wheat consignment over phytosanitary concerns. The ship MV Ince Akdeniz, loaded with 56,877 t

Turkish authorities have denied permission for an Indian wheat consignment over phytosanitary concerns. The ship MV Ince Akdeniz, loaded with 56,877 tonnes of durum wheat, is now headed back to Kandla port in Gujarat from Turkey. Global Commodity Insights from S&P: Turkeys decision comes at a time when international buyers have been looking to secure supplies of wheat. On May 13, the commerce ministry banned wheat exports as an intense heat wave hit output and domestic prices hit a record high. Soon after the announcement, at least 4,000 trucks carrying the food grain were stranded outside Deendayal Port at Kandla for want of permission from authorities to load them into vessels, port and industry officials said. Read More..

B2B Tech News | 2 years ago        

Misk and 500 Startups in Saudi Arabia have announced that their accelerator programme is now complete.

Saudi Arabias Misk Foundation and geographical area capital company five hundred Startups have declared that sixteen firms have completed the foremost

Saudi Arabias Misk Foundation and geographical area capital company five hundred Startups have declared that sixteen firms have completed the foremost recent spherical of a joint accelerator program, despite the challenges display by the coronavirus eruption. Sixteen start-ups from Asian nation, Egypt, the UAE, and Jordan completed the Misk500 Accelerator program. The businesses can currently participate during a virtual demo day that may be streamed on YouTube. Start-ups in Mena secured $277 million (Dh1 billion) in funding throughout the primary quarter of the year, in keeping with information platform Magnitt. Whereas funding hyperbolic marginally, the amount of deals within the 1st 3 months of this year fell twenty-two per cent to 108 because of the coronavirus eruption. Read More..

B2B Tech News | 2 years ago        

The Qatar Airways-Airbus paint job issue will be heard in court in 2023

A high-profile dispute between Qatar Airways and Airbus over the airworthiness of Europes newest long-haul jet is set to be decided in a UK court next

A high-profile dispute between Qatar Airways and Airbus over the airworthiness of Europes newest long-haul jet is set to be decided in a UK court next year. The two companies have been locked in a $1 billion dispute for 17 months after cracks in paintwork exposed gaps in an anti-lightning mesh beneath Qatari Airways A350 planes. A judge at Londons High Court has cleared the way for a trial next year, which could be a three-month trial. The plane maker has called it a maintenance issue and escalated the dispute by revoking a separate contract for smaller A321neo jets. Read More..

B2B Tech News | 2 years ago        

Investors interest is shifting from China to Southeast Asia

venture capital funds focused on geographical region and India have raised $3.1 billion to date in 2022, already approaching the $3.5 billion they rai

venture capital funds focused on geographical region and India have raised $3.1 billion to date in 2022, already approaching the $3.5 billion they raised all of last year, in keeping with the information by the research company Previn. In comparison, fundraising by China-focused venture capitalists has fallen sharply from $27.2 billion in 2021 to only $2.1 billion, Wataru said. In April, Indias Elevation Capital announced it had raised its largest fund ever at $670 million, Nikkei Asia reported. Beijing banned for-profit tutoring last year, crippling the business models of online education companies, many of which were backed by foreign working capital firms. the chief added that funds focused on India and geographic region are quickly oversubscribed because the working capital market continues to be much smaller than Chinas. Read More..

B2B Tech News | 2 years ago        

The United States has said it will push for additional sanctions on North Korea if it conducts a new nuclear test explosion

The United States has stated itll push for added sanctions on North Korea if it conducts a brand new nuclear check explosion. US, South Korean and Jap

The United States has stated itll push for added sanctions on North Korea if it conducts a brand new nuclear check explosion. US, South Korean and Japanese officers have stated North Korea ought to quickly behavior its first nuclear check in almost 5 years. On Thursday, China and Russia vetoed a UN decision subsidized through america that could have imposed hard new sanctions on North Korea for a spate of launches of intercontinental ballistic missiles that may be used to supply nuclear warheads. We honestly will, she stated. A united Security Council imposed sanctions after North Koreas first nuclear check explosion in 2006 and tightened them over time in a complete of 10 resolutions looking for up to now unsuccessfully to rein in its nuclear and ballistic missile packages through reducing its reassets of revenue. Read More..

B2B Tech News | 2 years ago        

By 2030, a change to digital IDs might boost the Nigerian economy by 7% in terms of real GDP.

A change to digital IDs might boost the Nigerian economy by 7% in terms of real GDP by 2030. This was one of the conclusions of a new analysis on Nige

A change to digital IDs might boost the Nigerian economy by 7% in terms of real GDP by 2030. This was one of the conclusions of a new analysis on Nigerias digital identification and eKYC businesses, titled The State of the Industry in Nigeria for Digital ID. The digital economy (information technology sector) generated around 18 percent of GDP in the second quarter of 2021, according to the report. Digital identification has the potential to generate greater social and financial inclusion around the world, said Robin Miller, Partner and Global Digital & Data Practice Lead at Dalberg Advisors. This is especially true in nations like Nigeria, which are quickly digitising and innovating. Read More..

B2B Tech News | 2 years ago        

LATIN AMERICAS UNICORNS FACE AN ESTIMATION AS VCs FLEE RISK

Startups primarily based there raised $16.3 billion last year—more than the whole preceding decade—making the region the worlds fastest-growing fo

Startups primarily based there raised $16.3 billion last year—more than the whole preceding decade—making the region the worlds fastest-growing for venture funding. each unemployed concerning a hundred and fifty folks in Gregorian calendar month, in keeping with the businesses. Their businesses, whereas still growing, square measure notably at risk of Brazils benchmark charge per unit stormy to eleven.75% from 2.75% over the past year. And Ebanx Sturmarbeiteilung, a payments firm, and Hotmart BV, a platform for on-line businesses, have each deferred plans to travel public within the half of 2022, in keeping with folks aware of the matter World Health Organization asked to not be known as a result of the discussions square measure personal. Read More..

B2B Tech News | 2 years ago        

COMMMEX TECHNOLOGY IS FINED Rs10.25 CRORE BY SEBI FOR MANUPULATING GDR

Capital markets regulator Sebi on Tues obligatory a penalty of Rs ten.25 large integer on Commex Technology. The penalty relates to manipulation of GD

Capital markets regulator Sebi on Tues obligatory a penalty of Rs ten.25 large integer on Commex Technology. The penalty relates to manipulation of GDR (Global facility Receipts) issued by the corporate. additionally, Sebi levied a fine of Rs five 100000 every on Adi Cooper and Kishor Hegde within the matter. Regulator Sebi has issued AN order against four persons for alleged irregularities within the GDRs issued by Edserv. The investigation, clear, disclosed that Edserv had issued one.60 million GDRS amounting to USD twenty three.89 million in August 2011 such as eight million equity shares and therefore the issue was signed by one entity -- Vintage FZE. 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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