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Air FranceKLM Explores Sustainable Aviation Fuel Collaboration with Portuguese Partners

As Portugal prepares to privatise its national airline, TAP, Air FranceKLM is actively investigating possible work on sustainable aviation fuel SAF wi

As Portugal prepares to privatise its national airline, TAP, Air FranceKLM is actively investigating possible work on sustainable aviation fuel SAF with Portuguese partners. In a recent meeting with stakeholders in Lisbon, Air FranceKLM highlighted its position as the worlds largest purchaser and user of SAF while discussing sustainability initiatives. Other big airlines, such as Lufthansa and British Airways parent firm IAG, are interested in purchasing shares in TAP, which is why the talks are taking place. In 2023, Air FranceKLM committed to sustainability by integrating 80,000 metric tonnes of SAF into its operations, whereas TAP has used very little green fuel. With businesses like Galp Energia aiming to develop bio jet fuel by 2026, Portugal hopes to use its renewable resources to improve SAF projects. Read More..

B2B Tech News | 9 months ago        

World Bank President Ajay Banga Urges Caution in Response to Trump Administration Policies

In response to the pronouncements made by U.S. President Donald Trumps administration, World Bank President Ajay Banga advised world officials to refr

In response to the pronouncements made by U.S. President Donald Trumps administration, World Bank President Ajay Banga advised world officials to refrain from rushing into decisions and to take their time evaluating how proposed policies are being implemented. In an interview at the Mission 300 Africa Energy Summit in Dar es Salaam, Banga stressed the significance of comprehending Trumps pragmatic approach and suggested that it is crucial to communicate the advantages for both parties. His remarks came while tensions between the United States and Colombia were on the rise, including a possible trade dispute that was resolved when Colombia agreed to take in deported migrants. The World Banks activities were not immediately affected by travel restrictions, Banga added in response to concerns. He also reaffirmed the World Banks commitment to a fourday workweek. Read More..

B2B Tech News | 9 months ago        

HSBC to Wind Down M&A and Equities Operations in Europe and Americas, Focus on Asia

To concentrate on Asia and the Middle East, HSBC plans to shut down its mergers and acquisitions M&A and certain equity businesses in Europe and the A

To concentrate on Asia and the Middle East, HSBC plans to shut down its mergers and acquisitions M&A and certain equity businesses in Europe and the Americas. According to CEO Michael Roberts, the bank aims to switch to a more competitive financingled business while keeping its M&A and equity capital markets operations mainly in Asia. This reorganisation reflects HSBCs continuous attempts to increase returns and focus on lucrative areas after its past difficulties in lowyield markets. The decision aligns with more significant European bank tendencies to reduce investment banking, even though details regarding job losses and possible savings are still unknown. Analysts opinions on the plan are divided, especially regarding support for debt financing without M&A advisory duties. Read More..

B2B Tech News | 9 months ago        

Nvidia Shares Plunge 17% Amid Fears of LowCost Chinese AI Rivalry

Concerns about a lowcost Chinese AI model endangering the companys hegemony led to Mondays massive selloff in Nvidias shares, which suffered a record

Concerns about a lowcost Chinese AI model endangering the companys hegemony led to Mondays massive selloff in Nvidias shares, which suffered a record loss of almost 17% or $593 billion in market value. But on Tuesday, the stock rose nearly 7%, and options traders immediately returned to being positive. After dropping as low as 1.36to1 on Monday, call options, which indicate a favourable outlook, outpaced put options 1.6to1. By early afternoon, almost 5.4 million Nvidia options contracts had been traded, about double the usual volume. Notwithstanding the volatility, analysts observed that investor interest in Nvidia and AI technology was still high due to recent encouraging advancements. Read More..

B2B Tech News | 9 months ago        

World Economic Forum 2025 Concludes with Emphasis on Global Collaboration Amid Uncertainty

The World Economic Forum Annual Meeting 2025, which included 500 sessions and over 3,000 leaders from 130 nations covering politics, economy, environm

The World Economic Forum Annual Meeting 2025, which included 500 sessions and over 3,000 leaders from 130 nations covering politics, economy, environment, and conflicts, ended with a call for cooperation in the face of global uncertainty. With five union ministers and two pavilions, India demonstrated a high level of participation. The subjects focus, "Collaboration for the Intelligent Age," was promoting global security, strengthening resilience, and opening up new technologies. WEF founder Klaus Schwab emphasised that it takes a group effort to shape the future. Calls for peace in conflict areas were part of the discussions, and prominent world leaders like US President Donald Trump, UN SecretaryGeneral Antonio Guterres, and Ukrainian President Volodymyr Zelenskyy made significant contributions by emphasising the value of cooperation, understanding, and hope in tackling global issues. Read More..

B2B Tech News | 9 months ago        

Ghana’s Central Bank Holds Interest Rate Steady at 27.00% Amid Rising Inflation

Following an increase in inflation last month, Ghanas central bank has kept its primary interest rate at 27.00% for the second consecutive meeting. Wi

Following an increase in inflation last month, Ghanas central bank has kept its primary interest rate at 27.00% for the second consecutive meeting. With the help of a $3 billion loan package from the International Monetary Fund, the West African country, which has defaulted on most of its external debt since December 2022, is slowly returning from the worst economic crisis in decades. Ernest Addison, governor of the Bank of Ghana, said that rising food costs, especially in the last quarter of the year, are the leading cause of the high inflation rate. With a two percentage point cushion, Ghanas consumer inflation hit 23.8% in December, the highest level in eight months and much beyond the central banks target of 8%. Read More..

B2B Tech News | 9 months ago        

Indian PM Modi Halts Privatization Efforts, Funds Struggling StateOwned Companies

Following unsuccessful privatisation attempts, Indian Prime Minister Narendra Modi is reversing his ambitious divestment plans by investing billions i

Following unsuccessful privatisation attempts, Indian Prime Minister Narendra Modi is reversing his ambitious divestment plans by investing billions in staterun companies that are suffering. The privatisation of nine stateowned enterprises was halted in January 2025 due to ministry resistance, and New Delhi announced approximately $1.5 billion in rescue packages for two of them. Following failed attempts to sell, helicopter operator Pawan Hans is one recipient of government funding, receiving $230 million for fleet modernisation. The government is also dealing with other companies financial difficulties, like Rashtriya Ispat Nigam Ltd. Only three sales have been completed since the policys introduction four years ago, indicating a substantial shift in the governments economic strategy. This move reflects growing political pressure and difficulties in accomplishing privatisation aims. Read More..

B2B Tech News | 9 months ago        

UMG and Spotify Forge MultiYear Agreement to Revolutionize Music Streaming

A multiyear partnership for recorded music and music publishing has been announced by Spotify and Universal Music Group UMG. Spotifys product range in

A multiyear partnership for recorded music and music publishing has been announced by Spotify and Universal Music Group UMG. Spotifys product range in the United States and several other countries is covered by the direct license established by this new publishing deal between UMG and Spotify. By adding additional premium subscription levels, combining music with nonmusic content, and growing the audio and visual content catalogue, the collaboration seeks to improve services for artists, songwriters, and consumers. Daniel Ek, CEO of Spotify, highlighted that this partnership will encourage ongoing innovation, increasing the appeal of music subscriptions to a larger demographic. In light of these changes, Spotify recently increased the cost of its U.S. plans and reduced marketing and workforce to increase profitability. Read More..

B2B Tech News | 9 months ago        



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