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South Korea lowers growth outlook for 2022 and commits to lower corporate tax rate.

South Korea will grow at its slowest pace in three years in 2022. The world encounters supply bottlenecks, surging inflation, and rapidly rising inter

South Korea will grow at its slowest pace in three years in 2022. The world encounters supply bottlenecks, surging inflation, and rapidly rising interest rates. President Yoon Sukyeols new government lowered this years growth forecast to 2.6 percent. Markets are predicting the BOK will keep moving aggressively after executing 125 basis points of interest rate rises since mid2021. The expected that further rise will likely hit private consumption for households saddled with the worlds highest debt burden. His measures would help corporate South Korea cope with higher minimum wages, rising borrowing costs, and working hours. Read More..

B2B Tech News | 2 years ago        

US announces $122 million fund for India to address infectious disease challenges.

The United States has announced $ 122 million in funding to Indias three largest medical research institutes to help prevent preventable epidemics.The

The United States has announced $ 122 million in funding to Indias three largest medical research institutes to help prevent preventable epidemics.The total investment of USD 122,475,000 will be distributed over five years, Centres for Disease Control and Prevention CDC announced on Wednesday. The fund will accelerate the progress toward an India which is safe and secure from infectious disease threats. ICMR is the apex governing body for numerous nationallevel institutes, which are centers for excellence and reference in the specific scientific area for India. These institutions are mandated by the Ministry of Health for Health and Family Welfare MoHFW to oversee laboratory confirmation of priority pathogens. Read More..

B2B Tech News | 2 years ago        

The home bodybuilding market is projected to reach $ 14.74 billion by 2028.

The COVID19 pandemic has had a positive impact on the outlook for the industry as home training becomes increasingly important. The World Economic For

The COVID19 pandemic has had a positive impact on the outlook for the industry as home training becomes increasingly important. The World Economic Forum claimed that the use of fitness apps increased by 50% in the first half of 2020. An increase in the number of online fitness sessions will also accelerate the adoption of home fitness equipment. Read More..

B2B Tech News | 2 years ago        

Red oxygen joins the Twilio construction program as a technology partner.

Red Oxygen, a leading short message service SMS solutions provider, has been accepted into The Twilio NYSE TWLO Build program as a Silver Level Techno

Red Oxygen, a leading short message service SMS solutions provider, has been accepted into The Twilio NYSE TWLO Build program as a Silver Level Technology Partner. Red Oxygen has been named an official Twilio ISV partner. The company uses messaging software to send millions of messages every month. Red Oxygen will be partnering with other ISVs to build more advanced communications tools and open new avenues of engagement. Its the second meaningful partnership Red Oxygen has secured so far this year. The company also announced a strategic agreement with Residential Management Systems RMS in May. Read More..

B2B Tech News | 2 years ago        

Florida-sized "Doomsday" glacier is losing ice faster than the last 5,500 years

The Thwaites Glacier, nicknamed the doomsday glacier, is losing ice at a rate not seen in more than 5,500 years. Researchers analyzed prehistoric seas

The Thwaites Glacier, nicknamed the doomsday glacier, is losing ice at a rate not seen in more than 5,500 years. Researchers analyzed prehistoric seashells and penguin bones on arctic beaches through radiocarbon dating.The 74,000squaremile glacier is located in West Antarctica. The glacier already contributes about 4% of global sealevel rise. Meltwater from the glacier could cause global sea levels to rise up to a foot in the next century. Read More..

B2B Tech News | 2 years ago        

The Swiss National Bank raised interest rates by half a point, and the franc rose.

The Swiss central bank increased its key interest rate to 0.25%. This is the first increase in the Swiss National Bank since September 2007. This move

The Swiss central bank increased its key interest rate to 0.25%. This is the first increase in the Swiss National Bank since September 2007. This move follows the rise of the US Federal Reserve and the European Central Bank. Strict monetary policy aims to prevent inflation from spreading to goods and services. Since 2015, the central bank has increased the reference interest rate from 0.75% to 0.25%. Read More..

B2B Tech News | 2 years ago        

E.ON has signed a contract with RPC for four wind farms in Sweden.

Renewable Power Capital, a UKbased energy investment firm, has signed a grid connection agreement with E.ON Energy Distribution RPC. The contract woul

Renewable Power Capital, a UKbased energy investment firm, has signed a grid connection agreement with E.ON Energy Distribution RPC. The contract would deliver up to 561MW of clean energy to regional and national grids from four wind farms. Construction on the site will begin early next year, according to E.ON. E.ON has signed a connection agreement for four wind farms in the Swedish municipalities of Sollefte and Kramfors. The contract would deliver up to 561MW of clean energy to regional and national grids from four wind farms. It is one of E.ON Swedens most significant connection agreements. Read More..

B2B Tech News | 2 years ago        

By 2027, the Latin American data centre colocation market is expected to generate $2.2 billion in revenue.

The data center colocation market in Latin America is assumed to grow at a CAGR of 6.15% during 2022to 2027. Quantico, Nabiax Telefonica, Ava Telecom,

The data center colocation market in Latin America is assumed to grow at a CAGR of 6.15% during 2022to 2027. Quantico, Nabiax Telefonica, Ava Telecom, Ascenty Digital Realty, OneX, and Scala Data Centers added roughly 172 thousand square feet of colocation space in 2021. Brazil, Chile, Colombia, Argentina, Peru, and Mexico are among the main locations adopting renewable energy sources. Read More..

B2B Tech News | 2 years ago        



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