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BlackstoneCPPIB Consortium Nears A$20 Billion Acquisition of Australian Data Center Giant AirTrunk

An agreement to purchase Australian data centre operator AirTrunk for A$20 billion $13.53 billion, including debt, is almost finalised by a group led

An agreement to purchase Australian data centre operator AirTrunk for A$20 billion $13.53 billion, including debt, is almost finalised by a group led by Blackstone and the Canada Pension Plan Investment Board CPPIB. After beating out a competing consortium in bidding, Blackstone and CPPIB were declared the preferred buyers. The agreement, which calls for buying AirTrunk from its present owners, the Public Sector Pension Investment Board PSP of Canada and Macquarie Group, may be made public soon. Macquarie and PSP have refrained from commenting on the deal, as have Blackstone and CPPIB. The acquisition shows Australias rising interest in data centre architecture. Read More..

B2B Tech News | 3 months ago        

Indonesias Inflation Rate Holds Steady at 2.12% in August, Aligns with Bank Indonesias Target

After barely changing from Julys 2.13% to 2.12% in August, Indonesias annual inflation rate was comfortably within Bank Indonesias target range of 1.5

After barely changing from Julys 2.13% to 2.12% in August, Indonesias annual inflation rate was comfortably within Bank Indonesias target range of 1.5% to 3.5% this year. Based on market expectations, this rate is the lowest since February 2022. Beyond the prediction of 1.98%, core inflation increased somewhat to 2.02% in July from 1.95%. To keep the rupiah stable and control volatility in the global market, Bank Indonesia has kept interest rates comparatively high even if inflation has been steady. There may be space for monetary easing in the upcoming quarter to promote economic development, according to Governor Perry Warjiyo, even if maintaining currency stability is still a top priority. Read More..

B2B Tech News | 3 months ago        

ByteDance Secures $9.5 Billion Loan, Set to Be Asia’s Largest DollarDenominated Facility

A $9.5 billion loan, the largest corporate facility in Asia outside of Japan denominated in dollars, is being secured by TikToks owner, ByteDance. Wit

A $9.5 billion loan, the largest corporate facility in Asia outside of Japan denominated in dollars, is being secured by TikToks owner, ByteDance. With three years that may be extended to five, Citigroup, Goldman Sachs, and JPMorgan are arranging the loan. Refinancing a $5 billion dualtranche facility will be partially done with the funds. To support ByteDances financial plan, the banks work on a complex agreement, and the talks are private. Read More..

B2B Tech News | 3 months ago        

ChinaAfrica Trade Surges 5.5% to $166.6 Billion in First Seven Months of 2024

In the first seven months of 2024, commerce between China and Africa increased by 5.5% annually to 1.19 trillion yuan, or almost $166.6 billion. With

In the first seven months of 2024, commerce between China and Africa increased by 5.5% annually to 1.19 trillion yuan, or almost $166.6 billion. With 1.5% growth over the previous year, commerce between China and Africa reached a new high of $282.1 billion in 2023. Chinas exports of new energy cars, lithium batteries, and photovoltaic items to Africa increased dramatically, while Chinas purchases of African fruits, vegetables, nuts, and flowers increased noticeably. For the past 15 years running, China has been Africas biggest trade partner. 990.55 points was the record obtained by the freshly created ChinaAfrica Trade Index in 2022, with a benchmark set at 100 points in 2000. Expected to strengthen commercial and economic relations further is the 2024 Forum on ChinaAfrica Cooperation Summit, scheduled for September 46 in Beijing. Read More..

B2B Tech News | 3 months ago        

Vistara to Transition to Air India Operations in November as Merger Advances

After receiving significant government permission, Indian carrier Vistara will begin using Air India to operate its aircraft in November. With the per

After receiving significant government permission, Indian carrier Vistara will begin using Air India to operate its aircraft in November. With the permission of foreign direct investment into the enlarged Air India, Singapore Airlines—which jointly owns 49% of Vistara with the Tata Group—has overcome a significant obstacle. A postponement of the mergers original March 2024 completion date is being considered. The merger is now anticipated to be completed by the end of 2024. Vistara will no longer accept all flights booked until November 12 as of September 3. Air India will take over the operation of all Vistara aircraft. With up to $599 million invested after the merger, Singapore Airlines will own a 25.1% share in the combined Air India business. Read More..

B2B Tech News | 3 months ago        

Reliance Industries Shares Inch Up 1.6% Amid LowKey Shareholder Meeting

Reliance Industries, the largest firm in India, with a market capitalisation of $245 billion, kept a low profile during its annual shareholder meeting

Reliance Industries, the largest firm in India, with a market capitalisation of $245 billion, kept a low profile during its annual shareholder meeting. As he first promised investors like KKR, Silver Lake, and Meta, Chairman Mukesh Ambani must list the companys two consumerfacing divisions. The stock increased just 1.6% despite lofty objectives like breaking into the worlds top 30 and announcing plans to produce solar modules and build a gigafactory for batteries. Though market prices and weaker retail growth have muted excitement, Reliances future spinoffs might help unlock wealth. The firms stock market listings have limited immediate benefits, as the shares are trading close to the average target price established by brokerages. Read More..

B2B Tech News | 3 months ago        

Salesforce Shares Surge 4% After Strong Quarterly Results and AI Integration Success

Following solid quarterly results and encouraging investor sentiment surrounding its AI projects, Salesforces CRM.N shares increased by almost 4% on T

Following solid quarterly results and encouraging investor sentiment surrounding its AI projects, Salesforces CRM.N shares increased by almost 4% on Thursday. The firm has been incorporating AI into its products, such as Slack, to increase capabilities and draw clients. Salesforce surpassed forecasts for sales, profit, and margin in the second quarter despite worries about the possible effects of lower cloud investment. For the fiscal year ending in January 2025, the corporation also increased its profit projection. In contrast to rivals like ServiceNow, which have higher multiples, Salesforces stock is priced at 24.49 times Wall Streets earnings forecasts. According to analysts, new AI technologies and Agentforces impending debut might be the main drivers of future development. Read More..

B2B Tech News | 3 months ago        

Dell Technologies Ups Profit and Revenue Estimates Following AI Server Boom

Dell Technologies has increased its yearly profit and revenue projections due to a spike in demand for its Nvidiapowered AIoptimized servers. The busi

Dell Technologies has increased its yearly profit and revenue projections due to a spike in demand for its Nvidiapowered AIoptimized servers. The business raised its projected adjusted profit per share to $7.80 and now projects yearly revenue between $95.5 billion and $98.5 billion, higher than prior projections. Dell announced a 9% increase in revenue to $25.03 billion for the second quarter. The infrastructure solutions segment, which includes AI servers, generated a record $11.65 billion in revenue. Dells PC business experienced difficulties, with a 4% reduction in sales, despite the AI servers success. Furthermore, Dell is looking at selling the cybersecurity company SecureWorks. Read More..

B2B Tech News | 3 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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