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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 | 9 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 | 9 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 | 9 months ago        

FTAs Back on the Table India and UK Set to Revive Trade Negotiations

Negotiations for a planned Free Trade Agreement FTA between the United Kingdom and India are scheduled to commence on 24 February 2025. Beginning in J

Negotiations for a planned Free Trade Agreement FTA between the United Kingdom and India are scheduled to commence on 24 February 2025. Beginning in January 2022, the talks had been put on hold because of the general elections in both nations. Customs tariffs, services, and bilateral investments are important topics discussed in the subsequent negotiations. India wants increased access to the UK market for its highly qualified workers in industries like IT and healthcare and the removal of customs taxes on a range of products. In contrast, the UK wants more chances in Indias financial services and telecommunications industries and is pushing lower import taxes on goods like whisky. Read More..

B2B Tech News | 9 months ago        

Union Budget 202526 India Launches Centre of Excellence in AI for Education and Deep Tech Fund

The Union Budget 2025–2026 has revealed important projects to boost deep tech and artificial intelligence innovation, supporting Indias ambition to

The Union Budget 2025–2026 has revealed important projects to boost deep tech and artificial intelligence innovation, supporting Indias ambition to become a worldwide leader in technology. Finance Minister Nirmala Sitharaman made a ₹500 crore commitment to establish a Deep Tech Fund to assist entrepreneurs and a Centre of Excellence in AI for Education. By incorporating AI into the classroom, this project aims to enhance learning outcomes and equip students for difficulties in the future. Puneet Chandok, president of Microsoft India, praised the budgets emphasis on AI and emphasised the companys $3 billion investment in Indias AI ecosystem and its partnership to train 500,000 people by 2026. To encourage Indias use of AI and lessen its dependency on foreign technology, the Deep Tech Fund supports robotics, semiconductors, and artificial intelligence entrepreneurs. Read More..

B2B Tech News | 9 months ago        

Ontario Premier Doug Ford Pauses Retaliatory Measures Against U.S. After Tariff Postponement

After President Donald Trump postponed duties on Canadian imports for 30 days, Ontario Premier Doug Ford halted several retaliatory actions against th

After President Donald Trump postponed duties on Canadian imports for 30 days, Ontario Premier Doug Ford halted several retaliatory actions against the U.S., including the cancellation of a C$100 million contract with Elon Musks Starlink. At first, Ford planned to compel the removal of American goods from liquor store shelves and prohibit U.S. corporations from provincial agreements. He underlined that this halt helps avoid serious economic harm and permits further negotiations. The Starlink agreement allowed fifteen thousand distant homes and businesses highspeed internet connections. However, with Prime Minister Justin Trudeau proposing 25% tariffs on C$155 billion worth of U.S. goods, Ford cautioned that the continued ambiguity in the commercial relationship with the U.S. could endanger possible developments in Ontario. Read More..

B2B Tech News | 9 months ago        

Malaysia to Strengthen Trade Relations with China, Russia, and Brazil Amid U.S. Tariff Uncertainty

Malaysian Prime Minister Anwar Ibrahim declared that instead of waiting for possible U.S. trade penalties to pass, the nation would aggressively impro

Malaysian Prime Minister Anwar Ibrahim declared that instead of waiting for possible U.S. trade penalties to pass, the nation would aggressively improve economic ties with countries like China, Russia, and Brazil. Anwar pointed out during a parliamentary session that waiting for U.S. tariffs could have a detrimental effect on Malaysia, particularly in light of the uncertainties surrounding President Donald Trumps temporary suspension of duties on Canada and Mexico. Anwar emphasised the importance of Malaysia taking aggressive and cautious steps to broaden its network of trading partners, given the ongoing U.S. tariffs on China and the geopolitical uncertainties that impact global trade dynamics. Read More..

B2B Tech News | 9 months ago        

OpenAI Partners with Kakao to Develop AI Products in South Korea

This week, OpenAI revealed its second major Asian partnership a collaboration to build artificial intelligence products with Kakao of South Korea. CEO

This week, OpenAI revealed its second major Asian partnership a collaboration to build artificial intelligence products with Kakao of South Korea. CEO Sam Altman is in the region to meet with Indian Prime Minister Narendra Modi, who has announced a partnership with Japans SoftBank Group. With a focus on AI and communications, Kakao, the company behind the popular messaging app KakaoTalk, wants to include OpenAIs technology in its offerings. Altman emphasised the value of Korean businesses contributions to the Stargate data centre project in the United States. Additionally, he met with SK Group and intends to meet with Samsungs head. With significant investment, the South Korean government hopes to establish a national AI computing centre. After the news, Kakaos stock increased. Read More..

B2B Tech News | 9 months ago        



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