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Japan Signs 70 MOUs on Energy Transition at AZEC Ministerial Meeting

Japan inked seventy Memorandums Of Understanding MOUs on energy transformation during the Asia Zero Emission Community AZEC ministerial summit in Jaka

Japan inked seventy Memorandums Of Understanding MOUs on energy transformation during the Asia Zero Emission Community AZEC ministerial summit in Jakarta. With 11 partner nations, AZEC was proposed by Prime Minister Fumio Kishida in 2022 and inaugurated in 2023 to advance decarbonisation throughout Asia. According to Japans Minister of Economy, Trade, and Investment, Ken Saito, under a global South assistance program, $1 billion will be given to 14 of these projects. Through partnerships like Toyota Tshushos biofuels and green hydrogen initiative with Indonesias Pertamina, the MOUs aim to improve regional power networks and build sustainable fuel markets. The whole list of agreements is still under wraps. Read More..

B2B Tech News | 4 months ago        

HSBC Contemplates Sale of South African Operations Amid Strategic Shift

Bloomberg News revealed that HSBC Holdings is considering selling its operations in South Africa. Operating as a branch of HSBCs British division, the

Bloomberg News revealed that HSBC Holdings is considering selling its operations in South Africa. Operating as a branch of HSBCs British division, the company does not provide personal or retail services it specialises in commercial and investment banking. African, Chinese, and UAE buyers have shown interest in HSBC, which joined the South African market in 1995. HSBC has recently reduced its footprint in Western markets, including the U.S., France, and Canada. This move aligns with the banks larger strategy of concentrating on Asia and other countries of considerable size. When asked about the rumours, HSBC declined to comment. Read More..

B2B Tech News | 4 months ago        

Dominican Republic Establishes State Mining Company Emidom to Oversee Key Resources

A stateowned mining firm called Empresa Minera Dominicana S.A. Emidom has been established by the Dominican Republic to manage the exploration and ext

A stateowned mining firm called Empresa Minera Dominicana S.A. Emidom has been established by the Dominican Republic to manage the exploration and extraction of the nations primary mining resources, which include rare earth minerals. A ninemember board headed by the minister of the president will oversee Emidoms economic viability studies and contract negotiations with foreign companies. The corporation will also oversee the Avila mining reserve in Pedernales province, a location previously noted for possible rare earth projects. The largest gold mine in Latin America, Barrick Golds Pueblo Viejo, is being supported by this action after the U.S. military assessed the regions mining potential. Read More..

B2B Tech News | 4 months ago        

OpenAI and Condé Nast Announce MultiYear Partnership for Content Integration

Under Sam Altmans direction, OpenAI has partnered with Condé Nast for several years to include material from its brands, such as The New Yorker and V

Under Sam Altmans direction, OpenAI has partnered with Condé Nast for several years to include material from its brands, such as The New Yorker and Vogue, in OpenAIs products, like ChatGPT and the SearchGPT prototype. The Financial Times, Le Monde, and Time magazine have all reached similar deals, albeit the specific financial details of this transaction were not made public. As OpenAI incorporates highquality journalism into its tools, the partnership seeks to improve AI models while addressing concerns with accuracy and integrity. Roger Lynch, the CEO of Condé Nast, emphasised the collaboration as a step towards recouping money lost to digital disruptions. These collaborations will provide input to OpenAIs SearchGPT, introduced in July, enabling it to improve its search skills. Read More..

B2B Tech News | 4 months ago        

Kenyas Treasury to Present Revised EcoLevy Tax with New Measures to Parliament

John Mbadi, Kenyas Treasury Secretary, will shortly introduce a new ecolevy tax to Parliament that includes about 49 steps to address waste management

John Mbadi, Kenyas Treasury Secretary, will shortly introduce a new ecolevy tax to Parliament that includes about 49 steps to address waste management and pollution. In contrast to the original idea, the revised plan would not impose a charge on sanitary towels. Businesses like CocaCola are opposed to the fee, including a 10 per cent tax on domesticallymade plastics. Mbadi supported the levy, arguing that businesses that harm the environment must contribute to its repair. The administration would also prolong the tax amnesty period by six months to increase income. This comes after President William Ruto reevaluated the Finance Bill 2024, which was discarded due to objections. Leaders of the opposition are pleading with the judges to oppose the bills reinstatement. Read More..

B2B Tech News | 4 months ago        

Australias RBA Maintains 4.35% Cash Rate, Dismisses NearTerm Rate Cut Expectations

The Reserve Bank of Australia RBA has hinted that a rate drop shortly is unlikely and that its tight policy may continue for a while to contain inflat

The Reserve Bank of Australia RBA has hinted that a rate drop shortly is unlikely and that its tight policy may continue for a while to contain inflation. The RBA discussed hiking its 4.35% cash rate at its board meeting on August 5–6, citing consistent solid inflation of 3.9% and improving financial conditions, including growing home prices and credit expansion. Nonetheless, it was decided to maintain rates at their current level since it appeared to balance inflation and labour market concerns better. To meet the inflation objective of 23% by 2026, the RBA stated that market expectations for rate reductions, including a possible lowering by December, needed to be consistent. The RBA has maintained rates steady for six consecutive meetings since May 2022, raising them by 425 basis points. Read More..

B2B Tech News | 4 months ago        

Harris Plans to Increase Corporate Tax Rate to 28% to Cut US Deficit by $1 Trillion

The corporation tax rate would rise from 21% to 28% if US Vice President Kamala Harris defeats her Republican opponent, Donald Trump, in the 2017 elec

The corporation tax rate would rise from 21% to 28% if US Vice President Kamala Harris defeats her Republican opponent, Donald Trump, in the 2017 election. Harriss larger economic plan to aid working people includes this idea to ensure that billionaires and major businesses contribute pretty. As to the Committee for a Responsible Federal Budget, the hike is expected to lower the US deficit by $1 trillion in ten years. Regarding price gouging, affordable housing plans, and tax cuts for most Americans, Harris has promised not to raise taxes on individuals making $400,000 or less each year. Congress would need to approve any tax adjustments, though. Read More..

B2B Tech News | 4 months ago        

TI to Receive $1.6 Billion from US Commerce Department for Semiconductor Facility Expansion

Under the US CHIPS and Science Act, Texas Instruments TI was granted up to $1.6 billion by the US Commerce Department to assist in developing three ne

Under the US CHIPS and Science Act, Texas Instruments TI was granted up to $1.6 billion by the US Commerce Department to assist in developing three new semiconductor facilities in Texas and Utah. TI intends to create 2,000 manufacturing jobs and increase local chip production with a $18 billion investment plan, which includes this money. Moreover, TI anticipates $6–8 billion in investment tax benefits and $10 million for workforce enhancement. To supply the growing demand for analogue and embedded processor chips in the future, TI CEO Haviv Ilan underlined the need for growing internal production. By increasing homegrown semiconductor manufacture, this investment supports US aspirations to lessen dependency on Taiwan. Read More..

B2B Tech News | 4 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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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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