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New Zealand Cuts Interest Rates to 3.75% as Inflation Slows

The central bank of New Zealand has lowered its benchmark rate by 50 basis points to 3.75%, indicating that it will make additional cuts to boost the

The central bank of New Zealand has lowered its benchmark rate by 50 basis points to 3.75%, indicating that it will make additional cuts to boost the economy as inflation slows. Adrian Orr, the governor, anticipates two further rate decreases in April and May, bringing them to 3% by the end of the year. As expected by the market, the move devalued the New Zealand currency while increasing bank bill futures. Westpac and Kiwibank are major banks that have already reduced their mortgage rates. The aggressive rate reduction contrasts Australias and the United States cautious policies. At 2.2%, inflation is expected to increase a little before levelling out. Despite economic volatility, lower rates are intended to promote demand. Global uncertainty creates hazards, notably trade policy during Donald Trumps second term. Read More..

B2B Tech News | 8 months ago        

Tether and Guinea Partner to Drive Blockchain Innovation Under Simandou 2040

To promote Guineas digital transformation through the Simandou 2040 program, Tether and the government have inked a Memorandum of Understanding to exp

To promote Guineas digital transformation through the Simandou 2040 program, Tether and the government have inked a Memorandum of Understanding to expedite the implementation of blockchain technology. The cooperation will concentrate on Web3 activities, education, and awareness to give professionals technical abilities. Tether seeks to create effective blockchain solutions for public and private sectors, promoting technological advancement and economic expansion. The Guinean administration sees this as a step towards digital sovereignty and establishing Guinea as Africas ICT hub. Blockchain applications are also being investigated in other countries, including Malaysia, the United Arab Emirates, and India. As part of the T3 Financial Crime Unit, Tether works with law enforcement in Switzerland, Turkey, and Uzbekistan to monitor questionable cryptocurrency transactions. Read More..

B2B Tech News | 8 months ago        

Sheikh Faisal India Emerges as Qatar’s ThirdLargest Trading Partner

Sheikh Faisal bin Thani bin Faisal Al Thani, the minister of commerce and industry, stated that Qatar is willing to move quickly to negotiate a new bi

Sheikh Faisal bin Thani bin Faisal Al Thani, the minister of commerce and industry, stated that Qatar is willing to move quickly to negotiate a new bilateral investment promotion and protection agreement with India. He underlined the need for more investment and industrial cooperation, noting that India has emerged as Qatars thirdlargest trading partner. He welcomed Indian investors to investigate prospects in Qatars updated investment ecosystem during his speech at the CIIs IndiaQatar Business Forum. Although bilateral trade decreased from $18.77 billion in 2022–2023 to $14 billion in 2023–2024, both nations seek to expand their trade partnerships beyond the energy sector. At the event, two memorandums of understanding were signed to solidify the relationship further. Read More..

B2B Tech News | 8 months ago        

India and EU Set to Resume FTA Negotiations from March 10 to 14

An additional secretary in the Department of Commerce, L Satya Srinivas, revealed that the next round of free trade agreement FTA negotiations between

An additional secretary in the Department of Commerce, L Satya Srinivas, revealed that the next round of free trade agreement FTA negotiations between India and the EU will occur from 10 March to 14. A European Commission group is scheduled to arrive in India on 28 February before these negotiations. Additionally, on 24 February, UK Minister of State for Trade Policy Douglas Alexander will meet with Commerce and Industry Minister Piyush Goyal. On 25 February, India and the UK will resume their free trade agreement negotiations. There have been 14 rounds of negotiations since the IndiaUK free trade agreement talks began in January 2022. Read More..

B2B Tech News | 8 months ago        

Nigerian President Tinubu Unveils Ambitious Tax Reform Agenda to Simplify System

Since assuming office, Nigerian President Bola Tinubu has prioritised tax reform. He aims to reduce the complicated tax system—which presently inclu

Since assuming office, Nigerian President Bola Tinubu has prioritised tax reform. He aims to reduce the complicated tax system—which presently includes over 60 taxes—to single digits. Reminiscent of his previous changes as governor of Lagos State, this plan aims to stimulate investment, make conducting business easier, and raise tax revenue. To create a new revenue service, lower corporate tax rates, and increase the income level for lowincome individuals exempt from taxes, Tinubu has put out four pieces of legislation. However, political opposition to the proposed revenuesharing changes, which primarily affect northern regions that contribute less tax income, has made Tinubus reform agenda extremely difficult as he attempts to manage regional imbalances and secure legislative support. Read More..

B2B Tech News | 8 months ago        

Samsung Electronics Cancels $2.11 Billion in Acquired Shares, Announces New Buyback Plan

In a regulatory filing, Samsung Electronics declared that 3.05 trillion won $2.11 billion of its previously purchased shares would be cancelled. To as

In a regulatory filing, Samsung Electronics declared that 3.05 trillion won $2.11 billion of its previously purchased shares would be cancelled. To assist its employees and increase shareholder value, the business intends to repurchase 304 billion won in other shares and 2.7 trillion won in ordinary shares between 19 February and 16 May 2025. Due to its stocks poor performance compared to competitors like SK Hynix, Samsung announced in November 2024 that it would repurchase 10 trillion won worth of shares over a year. This demonstrates Samsungs dedication to restoring investor trust, its first share buyback since 2017. Read More..

B2B Tech News | 8 months ago        

Microsoft to Invest $700 Million in Poland for Enhanced Cybersecurity

The president of Microsoft said the business intends to invest an additional $700 million in Poland to improve cybersecurity in partnership with the P

The president of Microsoft said the business intends to invest an additional $700 million in Poland to improve cybersecurity in partnership with the Polish military. The $1 billion data centre project started in 2020 is now in its second phase. Although he did not elaborate, Microsoft President Brad Smith underlined the importance of this commitment during a joint news conference with Polish Prime Minister Donald Tusk. Microsofts dedication to bolstering cybersecurity measures in the region in the face of changing digital threats is reflected in the data centre, which debuted in 2023 and is intended to provide cloud services to Polish enterprises and government institutions. Read More..

B2B Tech News | 8 months ago        

IndiaU.S. Bilateral Trade Agreement Negotiations Boost Business Confidence, Says Piyush Goyal

According to Commerce and Industry Minister Piyush Goyal, the recent decision to pursue a bilateral trade agreement between the United States and Indi

According to Commerce and Industry Minister Piyush Goyal, the recent decision to pursue a bilateral trade agreement between the United States and India has dramatically increased corporate confidence in both countries. By utilising each nations competitive advantages, this program seeks to strengthen economic ties. In Washington, both countries pledged to more than increase their bilateral trade to $500 billion by 2030 during Prime Minister Narendra Modis visit. By the autumn of 2025, they hope to finalise the first part of this comprehensive trade deal. Goyal underlined that this achievement gives businesses confidence and shows how the U.S. and India can work together to change the dynamics of international commerce. Read More..

B2B Tech News | 8 months ago        



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