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JetBlue Seeks New Airline Partnership After Court Blocks American Alliance

Several airlines are negotiating a new collaboration with JetBlue Airways, and the airline is prepared to spend more money to seal a deal. Its "Northe

Several airlines are negotiating a new collaboration with JetBlue Airways, and the airline is prepared to spend more money to seal a deal. Its "Northeast Alliance" with American Airlines, which permitted revenue sharing and flight coordination, was blocked by the U.S. Court of Appeals. Cooperation would help JetBlue improve customer loyalty points, an area where it falls short of its rivals. Funds for partnerships are part of the airlines JetForward plan, which aims to increase EBIT by $800–$900 million by 2027 while enhancing network, reliability, and financial performance. JetBlue is open to agreements offering strategic and economic advantages, even though it acknowledges the Justice Departments concerns regarding competition. Read More..

B2B Tech News | 1 months ago        

Aramco Acquires 25% Stake in Unioil to Expand Philippine Retail Presence

A deal has been reached for Saudi Arabias Aramco to purchase a 25% share in Unioil Petroleum Philippines, a downstream fuels operator that operates fo

A deal has been reached for Saudi Arabias Aramco to purchase a 25% share in Unioil Petroleum Philippines, a downstream fuels operator that operates four storage terminals and 165 retail stations. No financial information was revealed. Aramcos plan to grow its retail network globally aligns with this acquisition, which comes after similar agreements in Chile and Pakistan. Aramco wants to expand its brand presence, including Valvolinebranded lubricants, to a few Unioil outlets and take advantage of the highvalue fuels markets predicted expansion in the Philippines. The transaction represents an additional step forward in Aramcos downstream growth plan. Read More..

B2B Tech News | 1 months ago        

IndiaQatar Relations Strengthen with $10B Investment Commitment

With a fiveyear plan to quadruple their bilateral trade from $14 billion to $28 billion, India and Qatar have upgraded their relationship to a strateg

With a fiveyear plan to quadruple their bilateral trade from $14 billion to $28 billion, India and Qatar have upgraded their relationship to a strategic alliance. This decision was made at a summit between Prime Minister Narendra Modi and Emir Sheikh Tamim bin Hamad AlThani of Qatar in New Delhi. Among the many agreements the two countries inked were a revamped double taxation avoidance agreement and a bilateral strategic partnership. They also signed agreements on youth issues and sports, archives and documentation collaboration, and economic relations. Trade, investment, energy cooperation, and regional issues were discussed, and both presidents shared their opinions on the IsraelHamas conflict. Qatar has also pledged to invest $10 billion in India to deepen economic ties further. Read More..

B2B Tech News | 1 months ago        

IndiaUAE Trade Surges 21.35% to $80.51B, Boosted by CEPA

During the April–January fiscal year 2024–2025, bilateral trade between India and the United Arab Emirates UAE increased significantly by 21.35%,

During the April–January fiscal year 2024–2025, bilateral trade between India and the United Arab Emirates UAE increased significantly by 21.35%, reaching USD 80.51 billion. The UAE had a 35.58% increase in imports to USD 50.51 billion, while Indias exports to the UAE increased 6.82% to USD 30 billion. The implementation of the May 2022 Comprehensive Economic Partnership Agreement CEPA is mainly responsible for this rise. Notably, over half of the overall trade volume was made up of nonoil goods. Since the CEPAs establishment, almost 240,000 certificates of origin have been granted, enabling exports to the UAE valued at USD 19.87 billion. Read More..

B2B Tech News | 1 months ago        

Mitsui Acquires 40% Stake in Rio Tinto’s Rhodes Ridge for $5.34B

For $5.34 billion, Mitsui & Co. will purchase a 40% share in the Rhodes Ridge iron ore project in Western Australia, which Rio Tinto runs. The project

For $5.34 billion, Mitsui & Co. will purchase a 40% share in the Rhodes Ridge iron ore project in Western Australia, which Rio Tinto runs. The project contains 6.8 billion metric tonnes of resources, making it one of the worlds most significant untapped iron ore deposits. According to Mitsui, manufacturing will start in 2030 and initially produce 16 million tonnes per year, possibly growing to 40 million tonnes. For cost savings, the business intends to use the infrastructure already in place from its Robe River stake. The iron ore will be combined with Rio Tintos supply for shipping to Asia. Following the transaction, Rio Tinto will keep 50% of the business, Mitsui 40%, and AMB Holdings 10%. Read More..

B2B Tech News | 1 months ago        

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 | 1 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 | 1 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 | 1 months ago        



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