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3M faces higher costs after a $ 581 million cleaning contract in Belgium

3M has reached an agreement with the Flemish government to clean up and pollute around the Antwerp factory. Belgian authorities say the agreement does

3M has reached an agreement with the Flemish government to clean up and pollute around the Antwerp factory. Belgian authorities say the agreement does not limit future liability for damage to residents. 3M says it will receive a $ 360 million pretax settlement for PFAS in the second quarter of 2022. The employee said the contract remains open to 3M’s sewerage and soil degradation obligations. 3M will pay € 100 million directly to the Flemish government for costs related to PFAS. This will help fund the Antwerp Ring Road government’s € 4.5 billion projects. A lawyer says the compromise does not preclude civil lawsuits against 3M. Shares of 3M rose less than 1 percent in New York business on Wednesday. Read More..

B2B Tech News | 2 years ago        

China’s lethal birth rate and weak consumer spending have caused online baby and maternity seller Mia.com to shrink

In response to weak consumer spending and a population crisis in China, Mia.com will discontinue its primary app as of September 10. The business will

In response to weak consumer spending and a population crisis in China, Mia.com will discontinue its primary app as of September 10. The business will keep operating its mini program on WeChat, the popular app owned by Tencent Holdings. Mia.coms business has grown over the last ten years as a result of the increased demand for imported baby and mom products. An inquiry for comment on Mia.com on Wednesday did not receive an immediate response. The South China Morning Post is owned by Alibaba. Read More..

B2B Tech News | 2 years ago        

The EU is adding gas and nuclear energy to the green finance taxonomy, reversing the previous vote

The European Parliament has decided to temporarily add natural gas and nuclear energy to the classification of green energy technologies. The move cou

The European Parliament has decided to temporarily add natural gas and nuclear energy to the classification of green energy technologies. The move could generate billions of euros in green investment in both technologies. The legal charity ClientEarth has threatened to take legal action immediately. Austria and Luxembourg are also threatening legal battles over the latest classification rules. The final regulation allows for provisional approval for gasfired power plants that replace coal and do not produce more than 270 grams of carbon dioxide per kilowatthour. Power plant owners must obtain building permits by 2030 and plan to switch to renewable or lowcarbon gas by the end of 2035. Read More..

B2B Tech News | 2 years ago        

Kenya seizes Sh6.2 billion associated with the Nigerian startup Flutterwave

A Kenyan High Court has frozen more than Sh6.2 billion spread in 62 bank accounts belonging to Nigerian startup Flutterwave and four Kenyans. The bill

A Kenyan High Court has frozen more than Sh6.2 billion spread in 62 bank accounts belonging to Nigerian startup Flutterwave and four Kenyans. The billions feared that they will the proceeds of card fraud and money laundering. Accounts include GTB, Equity, EcoBank, KCB, and Cooperative Bank. The court heard that Flutterwave received 12.4 billion kroner in a single account at Equity Bank between November 2020 and this year, representing billions overseas managed by the startup. Rem X Ltd is at the center of a separate moneylaundering suit, which saw the court freeze Sh5.6 billion in accounts. Read More..

B2B Tech News | 2 years ago        

Flexe Logistics latest fund raise has increased its value to over $1 billion.

Seattlebased Flexe raised $ 119 million in a Series D round that attracted new investment from funds and accounts managed by T. Rowe Price Associates

Seattlebased Flexe raised $ 119 million in a Series D round that attracted new investment from funds and accounts managed by T. Rowe Price Associates and Prologis Ventures. The funding comes at a time when severe supply chains are limiting trade and commerce around the world. Venture capital firms are helping startups raise millions of dollars to help them reach their valuation targets. Warehousing firm Flexport more than doubled its valuation to $8 billion in February after it raised $935 million in a latestage funding round. Read More..

B2B Tech News | 2 years ago        

Northvolt, a VW and Goldman backed battery maker, receives $ 1.1 billion in funding

Electric vehicle battery maker Northvolt on Tuesday announced a $1.1 billion funding boost, with a range of investors — including Volkswagen and Gol

Electric vehicle battery maker Northvolt on Tuesday announced a $1.1 billion funding boost, with a range of investors — including Volkswagen and Goldman Sachs Asset Management — taking part in the capital raise. The company says it has $55 billion in orders from companies including Volvo Cars, BMW, and Volkswagen. The Giga Factory is a factory that produces batteries for electric vehicles on a large scale. Northvolts funding announcement comes as major European economies are laying out plans to move away from vehicles that use diesel and gasoline. Read More..

B2B Tech News | 2 years ago        

Samsung Engineering has signed a contract with Aramco

Samsung Engineering has consolidated its position in Saudi Arabia by carrying out over 30 projects in the last 20 years. The National EPC Champions in

Samsung Engineering has consolidated its position in Saudi Arabia by carrying out over 30 projects in the last 20 years. The National EPC Champions initiative is designed specifically for investments in the EPC sector. Samsung Engineering plans to expand its global business strategy to other regions such as the Middle East and Asia. Samsung Engineering has completed over 1,000 projects worldwide. It has served clients in a variety of industries, including oil refining, gas processing, petrochemicals, infrastructure, environmental sectors, and the bio industry. Samsung Engineering is one of the worlds most important EPC and PM companies. Read More..

B2B Tech News | 2 years ago        

Jabil pours the first concrete at its new facility in Chihuahua

Jabil, a U.S. global manufacturing services company, has laid the first stone in the city of Chihuahua for what will be its fifth manufacturing plant

Jabil, a U.S. global manufacturing services company, has laid the first stone in the city of Chihuahua for what will be its fifth manufacturing plant in the state. The new plant will have 250 thousand square feet, which will offer manufacturing solutions in key, areas in sectors such as automotive, medical among others With an investment of more than US$300.3 million, This new manufacturing facility will employ approximately 8,000 people who will have access to quality workspaces that will open over the next five years. 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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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