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UK and India to Resume Free Trade Agreement Negotiations Following G20 Summit Meeting

British High Commissioner Lindy Cameron said the UK and India will begin negotiating a bilateral investment treaty and a free trade agreement FTA. Thi

British High Commissioner Lindy Cameron said the UK and India will begin negotiating a bilateral investment treaty and a free trade agreement FTA. This decision comes after Prime Minister Narendra Modi and UK Prime Minister Keir Starmer met at the November G20 Summit. Cameron underlined the significance of their collaboration in opening up the economic potential for both nations. Next month, British Business and Trade Secretary Jonathan Reynolds will travel to India to resume talks. There have been 14 rounds of negotiations since January 2022, but elections and government shifts have delayed them. Alcoholic beverage import taxes, electric car import taxes, and British companies access to Indias services industries are some of the main unresolved difficulties. Read More..

B2B Tech News | 4 months ago        

India Aims to Boost Investments in Argentina’s Lithium and Energy Sectors

According to Mining Secretary V.L. Kantha Rao, India is aggressively looking to increase its investments in Argentinas mining, gas, and oil industries

According to Mining Secretary V.L. Kantha Rao, India is aggressively looking to increase its investments in Argentinas mining, gas, and oil industries, emphasising lithium to support its energy transition. This trip to Buenos Aires was the first facetoface encounter since a preliminary agreement for technological development and mineral exploration was formed in 2022. Lithium is presently being investigated in Catamarca province by the Indian stateowned companies Khanij Bidesh India Ltd KABIL, Coal India, and the private company Greenko. Rao has expressed interest in neighbouring provinces like Salta and expects announcements about other developments within six months. Securing essential minerals from resourcerich nations is part of Indias agenda, aiming to switch 30% of automobiles to electric vehicles by 2030. Read More..

B2B Tech News | 4 months ago        

Namibia’s Unemployment Rate Climbs to 36.9%, One of the Highest Globally

Compared to 33.4% in 2018, Namibias unemployment rate increased to 36.9% in 2023, according to the statistics office. In the third quarter of 2024, Na

Compared to 33.4% in 2018, Namibias unemployment rate increased to 36.9% in 2023, according to the statistics office. In the third quarter of 2024, Namibia, which has a population of approximately three million, surpassed South Africa, which recorded a decrease to 32.1%, to have one of the highest official jobless rates in the world. The Labour Force had 867,247 people, but only 320,442 were employed, according to StatisticianGeneral Alex Shimuafeni. Importantly, discouraged workers are not included in the published unemployment rate, meaning the number of unemployed people is more considerable. The 2023 Labour Force report indicated a broader rate of 54.8%. To combat unemployment and poverty in the nation, Presidentelect Netumbo NandiNdaitwah has pledged "radical shifts." Read More..

B2B Tech News | 4 months ago        

SoftBank in Talks to Invest Up to $25 Billion in OpenAI Amidst AI Expansion

As it continues to grow its footprint in the AI space, SoftBank is allegedly in talks to invest $15 billion to $25 billion in OpenAI, the firm that cr

As it continues to grow its footprint in the AI space, SoftBank is allegedly in talks to invest $15 billion to $25 billion in OpenAI, the firm that created ChatGPT. The Stargate project, a joint venture between Oracle, OpenAI, and SoftBank that aims to invest up to $500 billion to retain U.S. leadership in AI against international competitors, may benefit from this investment. SoftBank plans to invest $40 billion in Stargate and OpenAI, having already committed $15 billion to Stargate. SoftBanks share price increased after Stargate was announced, but it has fallen more than 12% due to competition from DeepSeek, a Chinese business. With a $157 billion valuation, OpenAI is among the most valuable private corporations in the world. Read More..

B2B Tech News | 4 months ago        

Mexico’s Economy Set to Contract in Q4 2024, First Decline in Over Three Years

A Reuters poll predicts that Mexicos economy shrank from October to December 2024, its first quarterly fall in over three years. According to analysts

A Reuters poll predicts that Mexicos economy shrank from October to December 2024, its first quarterly fall in over three years. According to analysts, the GDP is expected to decline by 0.2% between the third and fourth quarters. If true, this would be the first quarteroverquarter decline since a 0.9% decline in Q3 2021. Mexicos GDP is expected to expand by 1.2% annually, which is a decrease from the 1.6% increase in the previous quarter. The National Statistics Institute INEGI will release the official fourthquarter GDP figures on Thursday. Read More..

B2B Tech News | 4 months ago        

India’s Union Budget 2025 A Strategic Move to Strengthen US Trade Relations

In light of President Trumps recent inauguration, Indias Union Budget 2025 presents a significant chance to improve commercial relations with the US.

In light of President Trumps recent inauguration, Indias Union Budget 2025 presents a significant chance to improve commercial relations with the US. Indias exportdriven growth has historically prioritised lowskilled manufacturing industries like leather and textiles. India must transition to highprecision goods to manage global economic uncertainty and promote longterm growth. Strategic tariff changes on imports of electronics, electrical machinery, and transportation equipment could serve as goodwill gestures to ease possible trade disputes with the United States. Globalisation has historically raised Indias level of life by the 2020s, the percentage of foreign trade in the countrys GDP had risen from 11% in the 1960s to almost 50%. By encouraging fair trade practices and lowering trade barriers, the new budget seeks to build on these gains. Read More..

B2B Tech News | 4 months ago        

Air FranceKLM Explores Sustainable Aviation Fuel Collaboration with Portuguese Partners

As Portugal prepares to privatise its national airline, TAP, Air FranceKLM is actively investigating possible work on sustainable aviation fuel SAF wi

As Portugal prepares to privatise its national airline, TAP, Air FranceKLM is actively investigating possible work on sustainable aviation fuel SAF with Portuguese partners. In a recent meeting with stakeholders in Lisbon, Air FranceKLM highlighted its position as the worlds largest purchaser and user of SAF while discussing sustainability initiatives. Other big airlines, such as Lufthansa and British Airways parent firm IAG, are interested in purchasing shares in TAP, which is why the talks are taking place. In 2023, Air FranceKLM committed to sustainability by integrating 80,000 metric tonnes of SAF into its operations, whereas TAP has used very little green fuel. With businesses like Galp Energia aiming to develop bio jet fuel by 2026, Portugal hopes to use its renewable resources to improve SAF projects. Read More..

B2B Tech News | 4 months ago        

World Bank President Ajay Banga Urges Caution in Response to Trump Administration Policies

In response to the pronouncements made by U.S. President Donald Trumps administration, World Bank President Ajay Banga advised world officials to refr

In response to the pronouncements made by U.S. President Donald Trumps administration, World Bank President Ajay Banga advised world officials to refrain from rushing into decisions and to take their time evaluating how proposed policies are being implemented. In an interview at the Mission 300 Africa Energy Summit in Dar es Salaam, Banga stressed the significance of comprehending Trumps pragmatic approach and suggested that it is crucial to communicate the advantages for both parties. His remarks came while tensions between the United States and Colombia were on the rise, including a possible trade dispute that was resolved when Colombia agreed to take in deported migrants. The World Banks activities were not immediately affected by travel restrictions, Banga added in response to concerns. He also reaffirmed the World Banks commitment to a fourday workweek. Read More..

B2B Tech News | 4 months ago        



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