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Argentinas Central Bank Eyes AR$ 20,000 and 50,000 Banknotes to Combat Inflation

The Central Bank of Argentina BCRA is thinking of producing banknotes worth AR$ 20,000 and 50,000 to stay up with inflation and lessen the necessity f

The Central Bank of Argentina BCRA is thinking of producing banknotes worth AR$ 20,000 and 50,000 to stay up with inflation and lessen the necessity for large amounts of cash in regular transactions. Since AR$ 2,000 is now the most significant denomination in circulation, most individuals must rely on AR$ 1,000 notes for everyday spending. It has been claimed that among financial circles, the president of BCRA has explored the prospect of printing notes with more prominent denominations. The new banknotes are anticipated to go into circulation in March 2024. The Central Bank is debating whether or not to produce the new notes overseas, although this decision still needs to be made. Read More..

B2B Tech News | 4 months ago        

Argos Distributors Ireland Faces €43.4 Million Cost After Closing Republic of Ireland Stores

The Irish division of catalogue retailer Argos, Argos Distributors Ireland Ltd., lost 580 jobs and had to pay €43.4 million $47.6 million in costs d

The Irish division of catalogue retailer Argos, Argos Distributors Ireland Ltd., lost 580 jobs and had to pay €43.4 million $47.6 million in costs due to shutting its shop network in the Republic of Ireland. The most notable element of the data, which was disclosed in the companys new accounts, was the €23.2 million in redundancy expenses. After determining that the investment required to turn a profit was unfeasible, the firm closed in June. According to the updated financial statements, in the year ending March 2023, the closure was also a factor in a pretax loss of €24.1 million. The revenue decline was likewise €12.8m, or 9.5%. Read More..

B2B Tech News | 4 months ago        

Aerometrex Lands $1 Million Contract for Great Barrier Reef Survey Using Laser Scanning

The Queensland Government has awarded a $1 million contract to Adelaidebased Aerometrex, a geospatial data business, to survey and monitor the Great B

The Queensland Government has awarded a $1 million contract to Adelaidebased Aerometrex, a geospatial data business, to survey and monitor the Great Barrier Reef using laser scanning technology. The project will use the remote sensing technique known as Light Detection and Ranging LiDAR to produce a threedimensional 3D map of important regions, including Burdekin, Wet Tropics, and Fitzroy. The surveys objectives are to evaluate the erosion of streambanks and gullies, track changes over time, and pinpoint the primary sources of fine material. The government will use this information to correct landscapes essential to the reefs longterm health. It is anticipated that the project will be finished by June 2024. Read More..

B2B Tech News | 4 months ago        

Strategic Move SoftBank Expands TMobile Stake to 7.64% with $7.59 Billion Share Deal

SoftBank Group Corp will get shares in TMobile U.S. valued at about $7.59 billion at no additional cost. The Japanese corporation has directed TMobile

SoftBank Group Corp will get shares in TMobile U.S. valued at about $7.59 billion at no additional cost. The Japanese corporation has directed TMobile to issue 48.75 million shares of common stock by the terms of an agreement during the combination of TMobile and SoftBanks U.S. telecom, Sprint. Through this acquisition, SoftBanks ownership position in TMobile U.S. rose to 7.64% from its present level of 3.75%, increasing the amount of listed, quantifiable equity shown on SoftBanks financial sheet. After hearing the news, the conglomerates stock increased by 5%. SoftBanks internal rate of return on its Sprint investment is positively impacted by the change, coming in at 25.5%. Read More..

B2B Tech News | 4 months ago        

Intels Bold Move Massive Chip Plant in Kiryat Gat to Strengthen Global Supply Chain

The largestever investment by a firm in Israel, Intel, is expected to get a $3.2 billion subsidy from the Israeli government for a new $25 billion chi

The largestever investment by a firm in Israel, Intel, is expected to get a $3.2 billion subsidy from the Israeli government for a new $25 billion chip facility in southern Israel. The action, which shows strong support for Israel throughout its fight with Hamas, comes at a time of tension. As part of its plan to improve its worldwide supply chain, Intel is expanding in Kiryat Gat, close to Gaza. With the grant, Intel will pay a corporate tax rate of 7.5%, equivalent to 12.8% of the entire investment. The Fab 38 factory is anticipated to begin operations in 2028 and run for several years, employing thousands of people. Read More..

B2B Tech News | 4 months ago        

Nigerias Central Bank Reverses Crypto Ban, Citing Global Trends and the Need for Regulation

In a December 22 circular, Nigerias Central Bank relaxed the prohibition on cryptocurrency transactions, citing the necessity for worldwide regulation

In a December 22 circular, Nigerias Central Bank relaxed the prohibition on cryptocurrency transactions, citing the necessity for worldwide regulation of such activity. To combat the dangers of money laundering and terrorism funding, the prohibition was implemented in February 2021. The new recommendations outline how banks and other financial organisations should manage the accounts, settlements, and foreign exchange operations of companies that deal with cryptocurrency assets. Virtual Asset Service Providers VASPs need to hold a licence from the Nigerian SEC to operate in the cryptocurrency market. The regulation change has not changed the fact that banks are still prohibited from possessing, trading, or dealing with cryptocurrencies. Nigerias techsavvy populace has demonstrated a strong interest in cryptocurrencies, as seen by Chainalysiss 9% YoY rise in transaction volume. Read More..

B2B Tech News | 4 months ago        

Yandex Restructuring Faces Delay Completion Now Expected in Early 2024

According to three sources acquainted with the discussions, the reorganisation of the Russian IT giant Yandex, listed on the Nasdaq, is expected to be

According to three sources acquainted with the discussions, the reorganisation of the Russian IT giant Yandex, listed on the Nasdaq, is expected to be delayed until early 2024. Known as "Russias Google," Yandex has been negotiating to split its Russian operations from Yandex NV, its Dutch parent firm, for over a year with the Kremlin. Initially scheduled for completion in December, the restructure attempts to preserve access to Western markets in the face of sanctions. Yandex is seeking clearance from Russian authorities and shareholders for the deal, which entails selling its primary revenuegenerating Russian operations before going global. The registration of MKAO Yandexs shares by the central bank marks a significant development in the ongoing restructuring process. Read More..

B2B Tech News | 4 months ago        

Dazheng GroupLed Consortium Makes Bold $1.8 Billion Bid for Hollysys Automation Technologies

A consortium led by Chinas Dazheng Group Acquisition is putting up a $1.8 billion allcash offer to buy the wellknown automation and control technology

A consortium led by Chinas Dazheng Group Acquisition is putting up a $1.8 billion allcash offer to buy the wellknown automation and control technology supplier Hollysys Automation Technologies. The bid, priced at $29 per share, is 9.4% more than Ascendent Capitals December offer. The consortium, which consists of GA Technologies and TFI Asset Management, wants to purchase all outstanding shares that arent already held. This action comes after a previous August offer by a group led by Recco Control Technology and Dazheng Group for $25 per share. Regarding the most recent bid, Hollysys Automation Technologies has yet to respond. The purchase represents a significant change in the industrys automation and control technologies ownership structure. Read More..

B2B Tech News | 4 months 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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