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Argentina Approves Rio Tinto’s $2.5 Billion Rincon Lithium Mining Project

Rio Tintos $2.5 billion Rincon lithium mining project, the first mining endeavour under Argentinas new investment incentive framework RIGI, has been a

Rio Tintos $2.5 billion Rincon lithium mining project, the first mining endeavour under Argentinas new investment incentive framework RIGI, has been approved. The Salta province project is anticipated to increase Argentinas lithium exports, solidifying its standing as the fourthlargest lithium exporter globally. With seven applications still outstanding from companies like Ganfeng, McEwen Copper, and Posco, the clearance comes amid worries over delays in mining project approvals. In order to stabilise Argentinas economy, which is beset by high inflation and currency volatility, the government wants to draw in foreign investment. Direct lithium extraction DLE technology will be used in the Rincon project to increase productivity and environmental sustainability. Read More..

B2B Tech News | 9 days ago        

Nigeria’s Central Bank Holds Rates at 27.50% for Second Consecutive Meeting

Following six rate hikes in 2024, Nigerias central bank has held its benchmark interest rate steady at 27.50% for the second straight year in 2025. Ci

Following six rate hikes in 2024, Nigerias central bank has held its benchmark interest rate steady at 27.50% for the second straight year in 2025. Citing better foreign currency conditions and a slower rate of inflation, the Monetary Policy Committee MPC decided on stability. As Nigeria negotiates international trade obstacles, including U.S. export taxes, the choice strikes a compromise between price stability and economic recovery, according to Central Bank Governor Olayemi Cardoso. A 30% liquidity ratio and a 50% cash reserve ratio CRR are maintained for deposit money banks and 16% for merchant banks, respectively. The action conveys cautious optimism as decisionmakers evaluate the changing economic environment. Read More..

B2B Tech News | 9 days ago        

IMF’s Gita Gopinath Warns U.S. Debt Is Becoming Unsustainable Amid Fiscal Imbalances

The U.S. should reduce its fiscal deficit, IMF First Deputy Managing Director Gita Gopinath has said, pointing out that the nations debt load is incre

The U.S. should reduce its fiscal deficit, IMF First Deputy Managing Director Gita Gopinath has said, pointing out that the nations debt load is increasing unsustainably. She underlined that trade policy uncertainty is still high even though a U.S.UK economic agreement and lower tariffs on China are good developments. With tariffs and budget imbalances as reasons, the IMF has cut its growth prediction for the United States. Regarding longterm debt building, Gopinaths remarks coincide with President Donald Trumps proposal to extend tax cuts from his 2017 term. Citing the inability to turn significant annual deficits, Moodys recently lowered the U.S. sovereign credit rating. Read More..

B2B Tech News | 9 days ago        

South Korea Prepares Support Measures as U.S. Tariffs Hit Key Industries

Under President Donald Trumps trade policy, South Korea has promised to support measures for its car and biopharmaceutical industries, which are subje

Under President Donald Trumps trade policy, South Korea has promised to support measures for its car and biopharmaceutical industries, which are subject to U.S. tariffs. New aid packages are being prepared by the government, especially for pharmaceutical exports, which brought in $9.59 billion in 2024, of which 16% went to the United States. With the goal of completing a trade pact by July, South Korea is also discussing tariff exclusions. Affected by 25% U.S. levies, the car industry is getting liquidity support, while steel and chipmakers might get more help. In the face of uncertainties in international trade, the administration is maintaining export stability by striking a balance between diplomacy and economic resiliency. Read More..

B2B Tech News | 9 days ago        

Qatar’s QIA Doubles U.S. Investment Strategy, Targeting AI and Real Estate Expansion

After allocating $500 billion to the U.S. economy, Qatars sovereign wealth fund QIA intends to treble its yearly U.S. investments over the next ten ye

After allocating $500 billion to the U.S. economy, Qatars sovereign wealth fund QIA intends to treble its yearly U.S. investments over the next ten years. Investment levels may vary, with some years seeing more than double the prior pace, according to Mohammed Al Sowaidi, CEO of the fund. The expansion coincides with President Donald Trumps recent trip to Doha, where he inked $1.2 trillion in deals, including a $96 billion aircraft contract with Qatar Airways. QIA may be updating its fixed income strategy as it concentrates on data centres, real estate, and AI infrastructure. A move towards hightech investments and confidence in American markets are reflected in the funds expanding U.S. presence. Read More..

B2B Tech News | 9 days ago        

Chesnara Eyes HSBC UK Life Insurance Acquisition Amid Strategic Expansion

A possible purchase of HSBCs UK life insurance division is being investigated by Chesnara, a life and pensions consolidator with headquarters in the U

A possible purchase of HSBCs UK life insurance division is being investigated by Chesnara, a life and pensions consolidator with headquarters in the UK. Chesnara was one of several suitors interested in the unit, and the deal might be worth several hundred million dollars. Following a string of asset sales in Europe and North America, HSBCs divestment is in line with its larger goal of refocusing on Asia. With 1 million policies and £14 billion in assets under management, Chesnara has established itself as a major force in the UK insurance market. There is no guarantee that a final agreement will be reached, as discussions are still ongoing. Read More..

B2B Tech News | 9 days ago        

South Africa’s Ramaphosa Seeks U.S. Trade Reset With Tesla and Starlink Deals

Using Elon Musks commercial endeavours as part of a trade strategy, South African President Cyril Ramaphosa is in Washington to repair ties with the U

Using Elon Musks commercial endeavours as part of a trade strategy, South African President Cyril Ramaphosa is in Washington to repair ties with the United States. As part of the strategy, Tesla will receive reduced charges in return for the construction of EV charging stations throughout South Africa. With the United States pressuring countries subject to tariffs to authorise satellite services, Starlink licensing is also anticipated to be debated. Ramaphosas visit comes amid efforts to renegotiate trade accords and guarantee dutyfree access for agricultural exports due to concerns over land reform policies and South Africas genocide case against Israel. On May 21, he will meet with Donald Trump to address more general bilateral matters. Read More..

B2B Tech News | 9 days ago        

IndiaU.S. Trade Deal Advances as Reciprocal Tariffs Loom in July

An interim accord is anticipated before President Donald Trumps reciprocal tariffs go into force in July, as part of a multiphase trade pact between t

An interim accord is anticipated before President Donald Trumps reciprocal tariffs go into force in July, as part of a multiphase trade pact between the US and India. Market access for agricultural and industrial products, as well as nontariff barriers like quality control standards, will probably be covered in the first phase. To further talks, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer are meeting with Commerce Minister Piyush Goyal in Washington. Between September and November, a more comprehensive second phase that covers 19 important trade areas is anticipated, possibly coinciding with Trumps trip to India for the Quad summit. The last stage, which is expected to end next year, will need clearance from the US Congress. Read More..

B2B Tech News | 9 days ago        



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