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Fitch removes Eurohold Bulgaria from negative watchdog ratings, stable outlook

After reiterating a stable outlook, Fitch Ratings has maintained Eurohold Bulgarias LongTerm Issuer Default Rating IDR of B and taken it off of Rating

After reiterating a stable outlook, Fitch Ratings has maintained Eurohold Bulgarias LongTerm Issuer Default Rating IDR of B and taken it off of Rating Watch Negative RWN. The shift in group structure and financial profile led to the decision. Given its structural subordination, Euroholds IDR is scored two levels lower than the deconsolidated profile. The assessment takes into account Euroholds intricate group structure, sizeable related party transactions, and poorer level of financial transparency compared to its EU counterparts. In the medium term, we anticipate that solid operating cash flows and moderate capital spending will support deleveraging. Read More..

B2B Tech News | 3 years ago        

Mexicos central bank raises interest rates to 7.75%

The Banco de Mexico announced a threequarterpoint increase in its prime interest rate. Inflation hit an annualized rate of 7.88% in the first half of

The Banco de Mexico announced a threequarterpoint increase in its prime interest rate. Inflation hit an annualized rate of 7.88% in the first half of June. The bank doesnt expect to achieve its 3% inflation rate target until the second half of 2024. The bank says global inflation continues to rise, and the rise may not be the last. Alfredo Coutiño, director of Moodys Analytics, said in a report that Mexicos key rate will continue to tighten in a context of increasing risk of deterioration in expectations and continued market volatility. Read More..

B2B Tech News | 3 years ago        

Ambri Earth & Wire selected for a longterm 300 MW, 1200 MW energy saving project in South Africa

Earth & Wire, an independent renewable energy retailer in South Africa, has commissioned Ambri Liquid Metal Battery System to maintain an integrated 3

Earth & Wire, an independent renewable energy retailer in South Africa, has commissioned Ambri Liquid Metal Battery System to maintain an integrated 300 MW and 1,200 MW solar wind and solar production base in the Eastern Cape. It is the massive battery storage system used in South Africa. Ambri deliveries will begin in 2024, and in 2026 the installation of batteries for this project. Ambri technology is the best answer to this challenge, says Thomas Corner, Director of Business Development at Earth & Wire. Read More..

B2B Tech News | 3 years ago        

Binance appoints Cristiano Ronaldo as a partner of NFT Push

Binance has signed an agreement with Cristiano Ronaldo to promote nonfungible tokens NFT. The Portuguese soccer star and Binance will create a series

Binance has signed an agreement with Cristiano Ronaldo to promote nonfungible tokens NFT. The Portuguese soccer star and Binance will create a series of NFT collections for sale on the companys platform. Investor sentiment toward risky assets has driven cryptocurrencies, including Bitcoin, to fall as NFT is a digital asset that exists on a blockchain, a record of transactions stored on networked computers. Last year, crypto.com signed a $700 million deal to rename the Staples Center in L.A. as the Crypto.com Arena. Read More..

B2B Tech News | 3 years ago        

How will hydrogen change Africa’s confidence in expensive imports?

Mobile technology has moved from landlines to Africa and revolutionized communications across the continent. In subSaharan Africa, which is heavily de

Mobile technology has moved from landlines to Africa and revolutionized communications across the continent. In subSaharan Africa, which is heavily dependent on imported petrol and diesel, hydrogen energy can be a path to independence. Today even oil producers like Angola and Nigeria depend on imported refined fuel. Hydrogen is usually extracted from natural gas or water molecules and separated by electricity. It can be used to generate electricity using fuel cells to power homes, vehicles, and other energybased processes. The World Bank currently oversees projects in 12 different countries and has even more to implement. Interest in hydrogen energy technologies has also grown in Europe, which has suffered from the energy crisis. Read More..

B2B Tech News | 3 years ago        

Samsung Australia has been fined $ 9.7 million for falsely claiming water resistance

Australias competition regulator said on Thursday a court ordered the local unit of Samsung Electronics 005930. KS to pay a A$14 million $9.65 million

Australias competition regulator said on Thursday a court ordered the local unit of Samsung Electronics 005930. KS to pay a A$14 million $9.65 million penalty for nine misleading advertisements about a waterresistance feature in some of its smartphones. Samsung Australia was ordered to pay a A$14 million $9.65 million penalty for nine misleading advertisements about a waterresistance feature in some of its Galaxy phones. The Australian Competition & Consumer Commission ACCC received hundreds of complaints from users saying the smartphones did not function properly or stopped working entirely after being exposed to water. Read More..

B2B Tech News | 3 years ago        

Belgium produces a large amount of counterfeit cigarettes for sale in France

A significant majority of the counterfeit cigarettes produced in Belgium, which are increasingly sold illegally in France, are cigarettes. According t

A significant majority of the counterfeit cigarettes produced in Belgium, which are increasingly sold illegally in France, are cigarettes. According to a KPMG analysis, the number of illegal cigarette factories in Belgium is increasing at an alarming rate. The use of counterfeit cigarettes is decreasing in Belgium. The lowest levels of unlawful consumption were seen in Germany and Poland, but the EU as a whole saw an increase as illicit use increased in France and the Netherlands. Read More..

B2B Tech News | 3 years ago        

To draw in more diverse candidates, McDonalds simplifies its franchising policies.

McDonalds is making changes to how it awards franchises in the hopes of attracting more diverse candidates. Starting in 2023, the fastfood giant will

McDonalds is making changes to how it awards franchises in the hopes of attracting more diverse candidates. Starting in 2023, the fastfood giant will evaluate every potential new operator equally. McDonalds will separate the process through which it renews franchisees 20year agreements from the assessment of whether the franchisee can operate additional restaurants. The company will incorporate its values more clearly into its standards for franchisees. More than 1,750 locations were sold last year because some operators chose to exit the franchise. McDonalds shareholders have voted in favor of an independent civil rights audit. The company has hired a third party to conduct a diversity assessment. Read More..

B2B Tech News | 3 years ago        



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Refresh Your Facts

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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