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According to a report, Shopee has opened five new distribution centres in Brazil.

Shopee has become one of the most downloaded eCommerce apps in Brazil since its launch in 2019. In midMay, the company surpassed its revenue estimate

Shopee has become one of the most downloaded eCommerce apps in Brazil since its launch in 2019. In midMay, the company surpassed its revenue estimate for the quarter and posted a lowerthanexpected quarterly loss. The new distribution centers are located in the cities of Sao Joao do Meriti, Campinas, and Ribeirao Preto. In March, the company said it had withdrawn from India and France, while rising costs and supply chain problems compounded its woes, sending shares down 70 % this year. Read More..

B2B Tech News | 2 years ago        

Abbassiya railway switch workshop will be run by a joint EgyptianAustrian company

The National Railways of Egypt has signed a contract with the Austrian company Vost Alpin for the management and operation of the Abbasiyeh participat

The National Railways of Egypt has signed a contract with the Austrian company Vost Alpin for the management and operation of the Abbasiyeh participatory production workshop. The contract includes the construction of a new line equipped with the latest hightech machinery to produce 600 switches a year. It also includes the transfer of modern manufacturing technology and the training of Egyptian workers under the supervision of experts from the Austrian company. The minister stressed the great interest of Austrian companies in increasing the volume of cooperation with Egyptian companies. He also pointed to the implementation of giant projects in the field of transportation under the directives of President Abdel Fattah AlSisi. Read More..

B2B Tech News | 2 years ago        

ASML Shares Decline Following Report That US Wants to Limit Sales to China

ASML shares fell 7.2% after a report said the U.S. government wants to restrict the sale of semiconductor equipment to China. The Dutch company has be

ASML shares fell 7.2% after a report said the U.S. government wants to restrict the sale of semiconductor equipment to China. The Dutch company has been unable to sell its most advanced machines to Chinese customers since 2019. Restricting their sale would be damaging to Chinas chip industry and would likely worsen a global semiconductor shortage. The U.S. National Security Commission on Artificial Intelligence has recommended that allies should deny China access to top DUV, EUV, and related tools. Analysts say a total ban on DUV equipment is highly unlikely, but further restrictions could be tied to Chinas foreign policy. Read More..

B2B Tech News | 2 years ago        

Middle Eastern entrepreneurs are named winners of the C3 Impact Accelerator

The winners of the 2022 C3 Impact Accelerator awards have been announced after a final round of business pitches at HSBCs UAE headquarters in Dubai.

The winners of the 2022 C3 Impact Accelerator awards have been announced after a final round of business pitches at HSBCs UAE headquarters in Dubai. BlindLook, empowering those with visual impairment by developing audio mapping technologies, came first, with the UAEs Homeport Water Solutions coming second, and Egypts iSchool coming third. Judges decided to further add a fourthplace award, won by UAEbased Manhat, which focuses on delivering natural water distillation across the UAE. The awards were presented by Sabrin Rahman, Managing Director and Head of Sustainability for HSBC Europe and MENAT, Nasser Alshaali, Chairman of HSBC Egypt, and Medea Nocentini, Founder of C3. The winners of the C3 Impact Accelerator, powered by HSBC, have been announced at an awards ceremony in Abu Dhabi. BlindLook, CWallet, FortyGuard, Homeport Water Solutions, iSchool, Manhat, MonkiBox, and ONE MOTO were selected from a pool of 40 semifinalists. Read More..

B2B Tech News | 2 years ago        

Russias oil is in a long decline, and the war has exacerbated the problem

The world price of oil exceeded $ 100 a barrel, and on March 8, Brent crude oil rose to $ 130. After more than four months of the war, Russias oil and

The world price of oil exceeded $ 100 a barrel, and on March 8, Brent crude oil rose to $ 130. After more than four months of the war, Russias oil and gas production reached the early level of the war. Russia is the EUs largest energy supplier, accounting for 27% of oil imports and 41% of gas imports. It has not been easy for the EU to ban imports after the war. Other countries have restricted imports of Russian crude oil. Despite all these restrictions, the price of oil has fallen from March highs. This is partly due to the bleak outlook for the world economy, driven by inflation and rising interest rates Read More..

B2B Tech News | 2 years ago        

Nifty above 16,000 pharma shares advance

At 1125 GMT, the S&P BSE Sensex Barometer was up 594.17 points to 53,693.80 points. The Nifty 50 index rose 176.15 points 1.11% to 16,011.50. Shares o

At 1125 GMT, the S&P BSE Sensex Barometer was up 594.17 points to 53,693.80 points. The Nifty 50 index rose 176.15 points 1.11% to 16,011.50. Shares of pharmaceutical companies have seen a full takeover. The top winners were Aurobindo Pharma + 2.14%, Dr Reddys Laboratories + 2.06%, Sun Pharmaceuticals + 1.84% and Zydus Lifesciences + 1.4%. According to government data, South Koreas consumer price index CPI rose 6.0% year on year in June. Later today, the Reserve Bank of Australia is anticipated to increase interest rates by 50 basis points. Read More..

B2B Tech News | 2 years ago        

Spotifys French rival Deezer lost ground on its stock market debut

Shares on French music streaming platform Deezer fell 6 % in Paris on Tuesday. The companys shares opened at 8.50 euros before heading down, trading a

Shares on French music streaming platform Deezer fell 6 % in Paris on Tuesday. The companys shares opened at 8.50 euros before heading down, trading at 7.99 euros per share by 0707 GMT. In April, the company announced plans for a stock market listing in Paris, valuing the business at just over 1 billion euros $1 billion. Read More..

B2B Tech News | 2 years ago        

Indian startups are expected to reach $ 200 billion over the next five years

Indias startups could reach $ 200 billion in revenue in the next five years, says Sudhir Sethi. The software company, which last year generated revenu

Indias startups could reach $ 200 billion in revenue in the next five years, says Sudhir Sethi. The software company, which last year generated revenue of $ 237 billion, is expected to generate about $ 350 billion over the next six years. Over the next five years, there will be more than 25 nextgeneration technology companies that will generate revenue of at least $ 1 billion each in domestic and international markets. Sethi added that Chiratae expects venture capital to increase by about 10%. Read More..

B2B Tech News | 2 years ago        



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