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Rwanda’s Central Bank Holds Key Interest Rate Steady at 6.5% Amid Rising Inflation

For the second consecutive meeting, Rwandas central bank has maintained its benchmark interest rate at 6.5%, even though annual inflation increased to

For the second consecutive meeting, Rwandas central bank has maintained its benchmark interest rate at 6.5%, even though annual inflation increased to 7.4% in January, close to the top limit of the target range of 2%–8%. Unlike last years large crop, the harvest was hampered by unfavourable weather, so inflation has increased. The bank has increased its average inflation projection from 5.8% to 6.5% for 2025 and expects it to drop to 4.1% in 2026. Governor John Rwangombwa acknowledged the dangers posed by weather variations and geopolitical concerns but expressed confidence in keeping inflation within the policy band. The revised growth forecast for this year is 7%, which is more than the 8.3% growth that was earlier predicted for the economy last year. Read More..

B2B Tech News | 8 months ago        

HSBC Investors Back Management’s Decision to Streamline Investment Banking Segments

Even if U.S. President Donald Trumps deregulation strategy is expected to boost capital market activity, HSBC investors support managements decision t

Even if U.S. President Donald Trumps deregulation strategy is expected to boost capital market activity, HSBC investors support managements decision to liquidate some of its investment banks segments. Dismantling HSBCs mergers and equities capital markets teams in the Americas and Europe aligns with the banks concentration on its core Asian markets, according to four shareholders, two of whom are among the largest. Amid global trade concerns, mainly as U.S. tariffs affect trade financing providers, CEO George Elhedery is pressured to direct group money to locations with better trading prospects. At the presentation of the fullyear results on 21 February, Elhedery is anticipated to provide additional details about his plan and costcutting initiatives, estimated to be between £1.2 billion and £3 billion. Read More..

B2B Tech News | 8 months ago        

Nokia Set for Unconditional EU Antitrust Clearance on $2.3 Billion Infinera Acquisition

According to individuals familiar with the matter, Nokia is expected to obtain unconditional EU antitrust clearance for its $2.3 billion acquisition o

According to individuals familiar with the matter, Nokia is expected to obtain unconditional EU antitrust clearance for its $2.3 billion acquisition of Infinera, a U.S. provider of networking equipment and optical semiconductors. The acquisition, announced in June, would make Nokia the secondlargest provider in the optical networking sector, with a 20% market share, behind Huawei. With the agreement, Nokia can increase its equipment sales to big tech companies like Microsoft, Amazon, and Alphabet, which are investing in data centres to support the AI boom. According to its last financial report, Nokia expects to close the purchase in the first quarter of this year. At the same time, the European Commission is scheduled to wrap up its preliminary investigation by 26 February. Read More..

B2B Tech News | 8 months ago        

Goldman Sachs Raises Target Price for Chinese Stocks, Citing AI Adoption as Growth Catalyst

Goldman Sachs has lifted its target price for Chinese stocks because it believes that the growing use of AI will boost earnings and draw in $200 billi

Goldman Sachs has lifted its target price for Chinese stocks because it believes that the growing use of AI will boost earnings and draw in $200 billion. The company emphasised how investor excitement over DeepSeeks AI developments contributed to the recent surge in Chinese tech equities, which saw their longest winning run in over two years. Goldman Sachs thus lifted its price objective for MSCI China from 75 to 85 and its 12month aim for the CSI300 index from 4,600 to 4,700. The most recent value of the bluechip CSI300 index was 3,954, indicating continued investor interest in Chinas technology industry and its potential for expansion due to advancements in artificial intelligence. Read More..

B2B Tech News | 8 months ago        

Modi and Trump Set $500 Billion Trade Target for U.S.India Ties by 2030

The lofty aim of doubling U.S.India bilateral trade to $500 billion by 2030 was established by President Donald Trump and Prime Minister Narendra Modi

The lofty aim of doubling U.S.India bilateral trade to $500 billion by 2030 was established by President Donald Trump and Prime Minister Narendra Modi during a conference in Washington. With an emphasis on building strong supply chains for strategic minerals, they intend to work together on artificial intelligence and semiconductors. Indias most significant commercial partner is the United States, with $129.2 billion in bilateral trade in 2024. By the autumn of 2025, the leaders hope to finalise "Mission500," a multisector trade deal that benefits both parties. This program highlights the two countries growing economic ties, focusing on collaboration in vital supply chains and cuttingedge technology. Read More..

B2B Tech News | 8 months ago        

Belgium’s KBC Bank Eyes Central European Acquisitions, Including Romania

According to CEO Johan Thijs, KBC, the biggest bank in Belgium, is considering acquisitions in Central Europe, particularly Romania, as part of its ex

According to CEO Johan Thijs, KBC, the biggest bank in Belgium, is considering acquisitions in Central Europe, particularly Romania, as part of its expansion plan, Reuters reported. The bank, which is currently present in Czechia, Hungary, Slovakia, and Bulgaria, is considering banking and insurance options. Although specifics are still unknown, the bank has a shortlist of possible targets. This showed interest in purchasing Ethias, the stateowned insurance company in Belgium, should the opportunity arise. Reiterating its regional focus, KBCs Central European operations accounted for almost half of its 2024 net earnings. Citing Donald Trumps deregulation initiatives in the United States as a possible impetus for European banking reform, Thijs called for the EU to reevaluate financial laws amid a broader European banking consolidation. Read More..

B2B Tech News | 8 months ago        

Senegal Seeks New IMF Program by June After Financial Audit Revelations

After an examination found that financial data under previous President Macky Salls administration was misreported, Senegal hopes to obtain a fresh IM

After an examination found that financial data under previous President Macky Salls administration was misreported, Senegal hopes to obtain a fresh IMF program by June. Citing a more significant budget deficit and debt than previously revealed, the IMF had stopped its $1.8 billion lending line. The finance minister, Cheikh Diba, hoped for an agreement and payment shortly after. Ousmane Diagne, the minister of justice, launched investigations into allegations of money laundering, forgery, and embezzlement that may involve previous officials from 2019 to 2024. Salls party, however, disagreed with the audits conclusions, claiming that the Court of Auditors had already approved previous budgets. The IMF is examining the report and organising talks with Senegalese officials to address the concerns. Read More..

B2B Tech News | 8 months ago        

Elon Musk’s Boring Company Partners with Dubai RTA for 17km Loop Project

The Road and Transport Authority RTA of Dubai and Elon Musks The Boring Company have inked a deal to build the Dubai Loop, a 17kilometer subterranean

The Road and Transport Authority RTA of Dubai and Elon Musks The Boring Company have inked a deal to build the Dubai Loop, a 17kilometer subterranean highspeed transport system designed to ease traffic. The 11station experimental phase, announced at the World Governments Summit, allows passengers to travel at 160 km/h. It will initially carry 20,000 passengers per hour before growing to take over 100,000. The initiative uses AIdriven infrastructure to improve urban transportation, aligning with Dubais aim for smart cities. Although no date has been revealed, the project is similar to The Boring Companys Las Vegas Loop. It demonstrates Dubais dedication to cuttingedge public transportation solutions that prioritise efficiency, sustainability, and innovation. Read More..

B2B Tech News | 8 months ago        



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