Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

ECB Optimistic About Digital Euro Amid Trump’s Support for DollarPegged Cryptocurrencies

ECB board member Piero Cipollone expressed optimism that the European Central Bank ECB will accelerate legislative support for the digital euro due to

ECB board member Piero Cipollone expressed optimism that the European Central Bank ECB will accelerate legislative support for the digital euro due to U.S. President Donald Trumps proposal to promote dollarpegged cryptocurrencies. The ECB wants to lessen reliance on significant U.S. payment processors like Visa and PayPal by using the digital euro as a central bankbacked online wallet. The digital euro initiative, which has made little headway since the European Commissions June 2023 legislation proposal, is made more urgent by Trumps support for stablecoins, Cipollone underlined. Amid fears about U.S. stablecoins taking deposits away from European banks, he voiced hope that the EU Parliament may complete this legislation by summer, opening the door for an ECB policymakers decision on the currencys possible launch in November. Read More..

B2B Tech News | 5 months ago        

Bank of Portugal’s Centeno Endorses Novo Banco IPO for Banking Sector Growth

Seeing Novo Bancos planned IPO benefitting the Portuguese banking industry, Bank of Portugals Governor Mario Centeno voiced support. Lone Star, a U.S.

Seeing Novo Bancos planned IPO benefitting the Portuguese banking industry, Bank of Portugals Governor Mario Centeno voiced support. Lone Star, a U.S. fund, owns 75% of Novo Banco, founded in 2014 following a government rescue of Banco Espirito Santo. It has been reported that Lone Star is contemplating a merger with another Portuguese bank, an Initial Public Offering IPO, and a complete sale of Novo Banco. Citing the need to preserve financial system stability, Centeno advised caution when making more acquisitions and consolidations. He pointed out that Portugals top five banks own more than 80% of the countrys banking assets, so thorough market analysis is necessary. Read More..

B2B Tech News | 5 months ago        

BlackRock Set to Launch Bitcoin ETP in Europe Amid Growing Crypto Demand

Within weeks, BlackRock will introduce a bitcoin exchangetraded product in Europe in response to growing consumer and money manager demand for cryptoc

Within weeks, BlackRock will introduce a bitcoin exchangetraded product in Europe in response to growing consumer and money manager demand for cryptocurrency exposure. The product is most likely headquartered in Switzerland because BlackRock recently established a Zurichbased subsidiary called iShares Digital Assets AG that focuses on digital assets. Since the U.S. Securities and Exchange Commission authorised exchangetraded products that follow the spot price of bitcoin in January 2024, BlackRock has been a leader in providing such products, albeit declining to comment on the launch. IBIT, BlackRocks primary bitcoinrelated product, has experienced notable growth, with net assets as of 4 February totalling $57.5 billion. Under the Markets in CryptoAssets Regulation, European crypto companies negotiate more stringent regulations as the U.S. crypto economy rejoices in government support. Read More..

B2B Tech News | 5 months ago        

India Gains from U.S.China Trade War as Export Orders Surge

India stands to gain from the ongoing trade war between the United States and China, as exporters report higher values and more orders, especially in

India stands to gain from the ongoing trade war between the United States and China, as exporters report higher values and more orders, especially in industries like medicines, auto parts, and electrical machinery. Historically, India was the fourthlargest benefactor when the United States increased tariffs on Chinese imports during prior trade crises. Chinas retaliatory tariffs on U.S. goods, coupled with the recent application of high duties by the United States on Chinese imports, have given Indian exporters the chance to bridge the supply shortages. Authorities warn that India will not be utterly immune to the broader effects of the trade dispute even though the scenario offers considerable benefits. Read More..

B2B Tech News | 5 months ago        

India, Russia Target $100 Billion Trade by 2030, Strengthen Regional Ties

The Chairman of Russias State Duma, Vyacheslav Volodin, revealed that India and Russia have established an ambitious goal to increase bilateral trade

The Chairman of Russias State Duma, Vyacheslav Volodin, revealed that India and Russia have established an ambitious goal to increase bilateral trade to $100 billion by 2030. He extended invitations to Russia for State Assembly Speaker Rahul Narwekar and Maharashtra Governor C.P. Radhakrishnan to strengthen regional cooperation. Both countries are investigating trade mechanisms like national currency settlements and the International NorthSouth Transport Corridor INSTC for improved connectivity, energy, defence, and technology, which are key areas of interest. To increase exports by removing nontariff barriers, India must continue to address trade imbalances and logistical issues. This project highlights India and Russias strategic alliance by promoting economic progress and regional stability. Read More..

B2B Tech News | 5 months ago        

Coinbase Gains FCA Approval to Operate as UKRegulated Crypto Exchange

Coinbase has obtained a Virtual Asset Service Provider VASP license from the UKs Financial Conduct Authority FCA, allowing it to function as a regulat

Coinbase has obtained a Virtual Asset Service Provider VASP license from the UKs Financial Conduct Authority FCA, allowing it to function as a regulated cryptocurrency exchange. This enables the company to provide retail and institutional investors with crypto services, including fiattocrypto products. The leading digital assets platform in the UK, Coinbase, views the UK as its largest overseas market. The FCA cautions that cryptocurrency companies are not protected by the Financial Services Compensation Scheme FSCS in the event of insolvency. Having previously turned down 90% of applications because of security concerns, the UK is working to finalise its crypto legislation by 2026. Coinbase has expanded its worldwide reach by acquiring licenses in France, Singapore, and Bermuda. Read More..

B2B Tech News | 5 months ago        

Nissan Ends Merger Talks with Honda, Scrapping Plans for Global Auto Giant

According to reports, Nissan has cancelled its intentions to merge with Honda and become the thirdlargest carmaker in the world. Hondas stock increase

According to reports, Nissan has cancelled its intentions to merge with Honda and become the thirdlargest carmaker in the world. Hondas stock increased 8% in response to the announcement, indicating investor relief, while Nissans fell more than 4%. Diverging from the original mergerofequals strategy, differences surfaced as Honda contemplated establishing Nissan as a subsidiary. Nissans ability to handle industry upheavals, such as EV competition and possible U.S. tariffs, is questioned by the failed transaction. As it recovers from previous crises, Nissan is implementing a recovery plan that includes capacity reductions and employment losses. While Mitsubishi Motors remained apprehensive, Nissans longtime partner Renault indicated it was amenable to the merger. With the formal confirmation of the decision anticipated by midFebruary, Nissans future remains uncertain. Read More..

B2B Tech News | 5 months ago        

BP Plans $20 Billion to $25 Billion Investment in Kirkuk Oil Fields Redevelopment

Under a 25year profitsharing deal, BP is scheduled to spend $20 billion to $25 billion to rebuild four oil and gas sites in Kirkuk, Iraq. This possibl

Under a 25year profitsharing deal, BP is scheduled to spend $20 billion to $25 billion to rebuild four oil and gas sites in Kirkuk, Iraq. This possible agreement might be finalised in the upcoming weeks, a significant step towards luring international investment in the face of obstacles like war and corruption. The investment would raise the capacity of these fields to produce 150,000 barrels of crude per day, increasing the overall capacity to at least 450,000 barrels per day in two to three years. Since the 1920s, BP has maintained a presence in the area, and through facility rehabilitation and natural gas resource development, the corporation hopes to meet Iraqs domestic energy demands. Read More..

B2B Tech News | 5 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   8678   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   7188   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   7541   

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.
   7644   

5.  Approximately 8 billion gadgets connect on the internet every day.
   8814   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.