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BOJ Holds Interest Rate at 0.5%, Citing Global Trade Uncertainties

In line with market forecasts, the Bank of Japan BOJ has kept its shortterm interest rate at 0.5%. This choice is a reflection of worries about possib

In line with market forecasts, the Bank of Japan BOJ has kept its shortterm interest rate at 0.5%. This choice is a reflection of worries about possible global economic slowdowns brought on by trade policies implemented by US President Donald Trump, which could jeopardise Japans exportbased economy. Due to uncertainty in the dynamics of global trade, policymakers remain cautious despite progress towards the BOJs 2% inflation target. The BOJ emphasised that although external trade policies further muddy Japans economic prospects, rising rice prices are also fuelling domestic inflation. Depending on how the U.S. tariff actions affect the state of the world economy, analysts predict that the BOJ may consider raising interest rates to 0.75% by the third quarter of 2025. Read More..

B2B Tech News | 7 months ago        

EU Announces €4.7 Billion Investment in South Africa’s Green Transition

With an emphasis on vaccine production, improving digital and physical connectivity, and a just energy transition, the European Union EU has announced

With an emphasis on vaccine production, improving digital and physical connectivity, and a just energy transition, the European Union EU has announced a €4.7 billion investment package for South Africa. This project, a component of the EUs Global Gateway policy, supports South Africas infrastructure and sustainable development. A sizeable amount—€4.4 billion—is set aside to aid the nations transition to cleaner energy sources. The declaration came during talks between South African President Cyril Ramaphosa, European Council President António Costa, and European Commission President Ursula von der Leyen. The EUs dedication to advancing economic growth, bolstering its alliance with South Africa, and tackling global issues like climate change is demonstrated by this investment. Read More..

B2B Tech News | 7 months ago        

Allianz Exits Bajaj Allianz JV, Sells 26% Stake for $2.84 Billion

For about €2.6 billion $2.84 billion, Allianz SE has agreed to sell the Bajaj Group its 26% shares in two joint ventures with Indias Bajaj Finserv B

For about €2.6 billion $2.84 billion, Allianz SE has agreed to sell the Bajaj Group its 26% shares in two joint ventures with Indias Bajaj Finserv Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company. With this deal, a collaboration that lasted more than 20 years ended. Allianz highlights that India is still a significant growth market despite the divestment and says it plans to look into fresh prospects there. Allianz had previously made unsuccessful attempts to raise its ownership of these joint ventures. According to reports, Jio Financial Services, a division of the Reliance Group under Mukesh Ambani, is a possible partner for Allianz. Read More..

B2B Tech News | 7 months ago        

Bank of Korea Rejects Bitcoin as Reserve Asset, Citing Volatility Risks

Bitcoins excessive volatility and inability to satisfy the IMFs requirements for foreign exchange reserves have led the Bank of Korea BoK, South Korea

Bitcoins excessive volatility and inability to satisfy the IMFs requirements for foreign exchange reserves have led the Bank of Korea BoK, South Koreas central bank, to reject it as a reserve asset. Bitcoin lacks the reserve assets the IMF needs to preserve liquidity, a steady market value, and a trustworthy credit rating. The BoK cautioned that cryptocurrency market volatility could result in increased transaction costs and financial risks. This aligns with other central banks that have rejected Bitcoin as a reserve, such as the one in Switzerland. To maintain economic stability in the nations changing digital asset landscape, the BoK is concentrating on creating regulatory standards for corporate cryptocurrency participation rather than adding Bitcoin to its reserves. Read More..

B2B Tech News | 7 months ago        

ANZ Bank Predicts Gold to Hit $3,200/oz in Six Months Amid Market Uncertainty

The gold price is expected to hit $3,100 per ounce in three months and $3,200 per ounce in six months, according to ANZ Banks updated projection. The

The gold price is expected to hit $3,100 per ounce in three months and $3,200 per ounce in six months, according to ANZ Banks updated projection. The economic uncertainty associated with U.S. President Donald Trumps tariff policy caused gold to soar beyond $3,000 an ounce. Geopolitical concerns, loosening monetary policy, and robust central bank purchases are all blamed for the increase. Gold has risen more than 14% this year, reaching 14time highs. In addition to reducing liquidity in the London spot gold market, import duties have caused spreads on Comex futures to widen. Silver prices are expected to fluctuate between $34 and $36 an ounce, with demand from investors having a significant impact. Read More..

B2B Tech News | 7 months ago        

Swiss National Bank Reverses Course, Buys $1.36B in Foreign Currencies

Compared to the 132.9 billion Swiss francs sold in 2023, the Swiss National Bank SNB bought 1.2 billion Swiss francs $1.36 billion in foreign currenci

Compared to the 132.9 billion Swiss francs sold in 2023, the Swiss National Bank SNB bought 1.2 billion Swiss francs $1.36 billion in foreign currencies in 2024. This adjustment aligns with the SNBs plan to keep inflation at 1.1% in 2024, within its target range of 02%. As stated in December 2023, the bank stopped selling foreign currency after attaining price stability to fortify the franc and reduce import inflation. On Thursday, the SNB is expected to announce its following monetary policy. Read More..

B2B Tech News | 7 months ago        

SoftBank to Convert Former Sharp Plant into AI Data Center with OpenAI

In partnership with OpenAI, SoftBank intends to convert a former Sharp LCD facility in Sakai, Osaka, into a data centre for artificial intelligence AI

In partnership with OpenAI, SoftBank intends to convert a former Sharp LCD facility in Sakai, Osaka, into a data centre for artificial intelligence AI operations. The Japanese telecom behemoth will purchase the facility and a portion of the property for about 100 billion yen $676 million. With a 150megawatt power capacity, the data centre will be among Japans most significant in 2026. This program seeks to commercialise OpenAIs AI agent model in Japan and provide tailored AI solutions by training the AI agent model on data from client companies. Up to one trillion yen $6.77 billion could be invested. Read More..

B2B Tech News | 7 months ago        

Wipro Announces Major Business Reorganization Effective April 1, 2025

Since 1 April 2025, Wipro has announced a significant restructuring of its international business divisions to meet better changing customer demands a

Since 1 April 2025, Wipro has announced a significant restructuring of its international business divisions to meet better changing customer demands and technology breakthroughs. The company will run four central departments under CEO Srinivas Pallia Engineering, Business Process Services, Consulting, and Technology Services. With Capco functioning autonomously, the Technology Services division will concentrate on artificial intelligence, cloud computing, and data analytics. At the same time, Consulting—headed by former Accenture CEO Amit Kumar—will offer strategic direction. Under the direction of Jasjit Kang, Business Process Services will streamline client operations. Engineering will maintain its current emphasis. Designit will also become part of Technology Services. This reorganisation aims to enhance agility, improve market response, and provide clients with integrated, outcomedriven solutions. Read More..

B2B Tech News | 7 months ago        



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