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India, New Zealand Restart CECA Talks After DecadeLong Pause

The Comprehensive Economic Cooperation Agreement CECA talks between India and New Zealand have resumed after a tenyear break. These negotiations began

The Comprehensive Economic Cooperation Agreement CECA talks between India and New Zealand have resumed after a tenyear break. These negotiations began in April 2010 and came to a standstill in 2015 following nine rounds. The revived talks aim to promote mutual progress and prosperity by increasing trade in investments, goods, and services. During New Zealand Prime Minister Christopher Luxons fourday visit to India, Commerce and Industry Minister Piyush Goyal and Trade and Investment Minister Todd McClay made the announcement. Between April and January 2025, bilateral trade between the two countries exceeded $1 billion, demonstrating consistent growth. With an emphasis on fair results that strengthen supply chain integration and expand market access, the CECA discussions aim to open up new opportunities for companies and consumers. Read More..

B2B Tech News | 7 months ago        

South Korea Seeks U.S. Tariff Exemption Ahead of April 2 Deadline

A formal request has been made by South Korea to be exempted from the impending reciprocal tariffs imposed by the United States on 2 April 2025. Durin

A formal request has been made by South Korea to be exempted from the impending reciprocal tariffs imposed by the United States on 2 April 2025. During their meeting in Washington, Trade Minister Cheong Inkyo spoke against unfairly targeting South Korea to US Trade Representative Jamieson Greer. The request comes after former US President Donald Trump claimed South Korea imposed tariffs four times greater than the US. South Korea rejects this, pointing to the KoreaU.S. Free Trade Agreements 0.79% effective tariff rate. The two countries have decided to continue their talks. To settle the dispute and avoid future trade disputes, South Koreas acting president, Choi Sangmok, has urged authorities to actively engage with their US colleagues. Read More..

B2B Tech News | 7 months ago        

GE Aerospace Secures $5 Billion U.S. Air Force Engine Supply Deal

On 14 March 2025, GE Aerospace said it secured a deal worth up to $5 billion with the U.S. Air Force. F110GE129 engines, which power F15 and F16 fight

On 14 March 2025, GE Aerospace said it secured a deal worth up to $5 billion with the U.S. Air Force. F110GE129 engines, which power F15 and F16 fighter aircraft flown by allies under the Foreign Military Sales FMS program, are being supplied under this indefinite delivery/indefinite quantity IDIQ contract. The agreement permits supplying an arbitrary amount of engines over a predetermined time frame. This agreement highlights GE Aerospaces position in international military cooperation and its dedication to bolstering global defence capabilities. Read More..

B2B Tech News | 7 months ago        

Eaton Acquires Fibrebond for $1.4B to Expand Data Center Business

Eaton has announced that it will acquire Fibrebond Corporation for $1.4 billion to increase its market share in the data centre industry. Eaton is exp

Eaton has announced that it will acquire Fibrebond Corporation for $1.4 billion to increase its market share in the data centre industry. Eaton is expanding its electrical equipment capabilities in response to the growing need for AIdriven data centres. Louisianabased Fibrebond specialises in designing and constructing power enclosures for data centres, industrial facilities, utilities, and communications firms for a quicker and more economical deployment. In 2025, Eaton projects that Fibrebond will make $110 million in adjusted core profit. The purchase comes after NordicEPOD, Eatons recent European expansion. The purchase, which is scheduled to be finalised in Q3 2025, is anticipated to have no impact on Eatons annual earnings per share. Read More..

B2B Tech News | 7 months ago        

Synapsia, Bold Technologies Sign $2.5B AI City Deal for Abu Dhabi

The UAEs Bold Technologies and Italys Synapsia have inked a $2.5 billion agreement to supply AIpowered city management services for Abu Dhabi, emphasi

The UAEs Bold Technologies and Italys Synapsia have inked a $2.5 billion agreement to supply AIpowered city management services for Abu Dhabi, emphasising parking, transport and emergency response. It advances the idea of a smart city and is called a "cognitive city project" by CEO Daniele Marinelli. The deal, which was signed on 3 March, will be paid in five instalments as it is reached. The partnerships goal is to achieve realtime urban optimisation through AI integration. The two businesses will become My Aion Inc. to go public on the Abu Dhabi stock exchange in 2027 or 2029. The UAE is accelerating its AI investments to compete with regional rivals, and this arrangement supports Italys efforts to forge closer economic connections with the Gulf. Read More..

B2B Tech News | 7 months ago        

NNPC Ltd in Talks to Extend Crude Oil Supply Deal with Dangote Refinery

After the initial sixmonth agreement expired this month, Nigerias state oil company, NNPC Ltd, is negotiating with Dangote Oil Refinery to renew its c

After the initial sixmonth agreement expired this month, Nigerias state oil company, NNPC Ltd, is negotiating with Dangote Oil Refinery to renew its crude oil delivery contract in naira. The agreement, which was unveiled in October, was designed to alleviate local refineries supply limitations. Although the agreedupon volumes were not entirely fulfilled and smaller refineries did not profit as anticipated, NNPC Ltd. supplied 48 million barrels to Dangote Refinery per the terms of the agreement. Specifics on cost, volume, and duration are still being worked out. In line with more significant economic and energy sector objectives, the extension might support domestic refining operations and lessen Nigerias reliance on imported fuel. Read More..

B2B Tech News | 7 months ago        

U.S. Transportation Chief Slams Verizon Over FAA Contract Delays

U.S. Transportation Secretary Sean Duffy emphasised the pressing need to modernise air traffic management while criticising Verizon for its tardy work

U.S. Transportation Secretary Sean Duffy emphasised the pressing need to modernise air traffic management while criticising Verizon for its tardy work on its $2.4 billion, 15year FAA communications contract. He underlined that since the current infrastructure is unsustainable, several businesses must help upgrade ageing systems. Although Verizon reiterated its dedication to collaborating with the FAA, delays remain a concern. SpaceX clarified that Starlink might be a partial solution and refuted rumours that Elon Musks company will take up the contract. Meanwhile, the FAA is testing Starlink terminals in Alaska to improve access to weather data. The agency is under increasing pressure to expedite improvements and avert significant malfunctions in the countrys air traffic control system. Read More..

B2B Tech News | 7 months ago        

Starlink Secures Major Deals with Airtel & Jio to Bring Satellite Internet to India

To launch Starlink satellite internet services throughout India, Elon Musks SpaceX has reached agreements with Bharti Airtel and Reliance Jio, two of

To launch Starlink satellite internet services throughout India, Elon Musks SpaceX has reached agreements with Bharti Airtel and Reliance Jio, two of the nations top telecom providers. Depending on regulatory approval, Bharti Airtel and SpaceX intend to work together to deliver Starlinks highspeed internet to remote areas, schools, businesses, and health facilities. Reliance Jio will also distribute Starlink equipment through its sizeable retail network to improve internet coverage nationwide. In addition to putting Starlink in a competitive position in a sector expected to grow dramatically over the next several years, these agreements seek to close the digital divide in India, especially in underserved areas. Both partnerships await final government approval before Starlink can start operations in India. Read More..

B2B Tech News | 7 months ago        



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