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BlackRock Acquires HPS Investment Partners for $12 Billion in Strategic Move to Expand Private Credit Portfolio

BlackRock announced that it will acquire private credit company HPS Investment Partners for about $12 billion in an allstock transaction to increase i

BlackRock announced that it will acquire private credit company HPS Investment Partners for about $12 billion in an allstock transaction to increase its footprint in the quickly expanding private credit sector. Nonbank lending has increased due to tighter rules imposed on regular banks by 2029, private credit is predicted to reach $2.6 trillion. The transaction will create a comprehensive private credit franchise worth about $220 billion by combining BlackRocks current $85 billion private credit platform with HPSs $148 billion assets under management. This action is a component of BlackRocks larger plan to strengthen its alternative asset management skills and increase chances for feegenerating in the face of growing competition in the private credit market. Read More..

B2B Tech News | 17 days ago        

Chile to Invest $83.18 Billion in Mining Projects from 2024 to 2033, Cochilco Study Reveals

Research by the staterun organisation Cochilco estimates that Chile will invest about $83.18 billion between 2024 and 2033, a 27% increase over last y

Research by the staterun organisation Cochilco estimates that Chile will invest about $83.18 billion between 2024 and 2033, a 27% increase over last years estimates. Fiftyone projects in Chile, the worlds most significant producer of copper and the secondlargest producer of lithium, which are necessary for rechargeable batteries, are detailed in the report, which is scheduled to be presented on Wednesday. Interestingly, this amount does not include BHPs newly revealed $14 billion expansion plan for projects like Escondida, the worlds largest copper mine, which could raise total investments to nearly $100 billion. The increase is primarily due to 11 new projects totalling around $15.66 billion, with over 52% of the entire budget, or $42.96 billion, allocated to projects scheduled for 2024–2026. Read More..

B2B Tech News | 17 days ago        

India and Italy Launch ‘Cotton Route’ Initiative to Strengthen Bilateral Trade Relations

With Italy hoping to become Indias thirdlargest trading partner in the EU, the two countries have started the Cotton Route effort to strengthen their

With Italy hoping to become Indias thirdlargest trading partner in the EU, the two countries have started the Cotton Route effort to strengthen their economic and trade relations. In addition to supporting the development of new industries, the alliance aims to deepen ties in fields like space technology and defence. Improving port facilities and logistics is a key component of this effort to increase exports between the two countries and streamline operations. This action shows a calculated attempt to improve economic connections and generate chances for innovation and trade that benefit both parties. Read More..

B2B Tech News | 17 days ago        

Singapore Becomes Largest Source of FDI to India, Contributing 50% of Total Investments

In the July–September quarter of 2024–25, Singapore was Indias biggest provider of Foreign Direct Investment FDI, contributing 50% of all inward i

In the July–September quarter of 2024–25, Singapore was Indias biggest provider of Foreign Direct Investment FDI, contributing 50% of all inward investments, or USD 13.6 billion. Given that total FDI inflows increased by 43% over prior periods, this represented a notable rise. In a recent social media post, Singapores High Commissioner to India, HC Wong, highlighted this robust investment partnership. With total investments from April 2000 to March 2024 of around USD 159.94 billion, Singapore made about USD 11.77 billion in foreign direct investment in the fiscal year 2023–2024. Furthermore, with USD 35.61 billion in bilateral trade in 2023–2024, Singapore was Indias sixthlargest international trading partner. Read More..

B2B Tech News | 17 days ago        

Iraq’s Fuel Oil Smuggling Network Generates $1 Billion Annually for Iran and Proxies

Iraq has developed a sophisticated fuel oil smuggling network that, since Prime Minister Mohammed Shia alSudani took office in 2022, has generated an

Iraq has developed a sophisticated fuel oil smuggling network that, since Prime Minister Mohammed Shia alSudani took office in 2022, has generated an estimated $1 billion a year for Iran and its supporters. By taking advantage of government regulations that permit asphalt factories to get subsidised fuel oil allocations, this enterprise diverts between 500,000 and 750,000 metric tonnes each month for export, mainly to Asia. To conceal the fuels source, the smuggling network uses fraudulent documents and militias supported by Iran. Even with earlier crackdowns on the trafficking, the illegal activities have become more complicated. Amid Tehrans considerable influence in the region, U.S. officials have voiced concerns about the effect of this smuggling on sanctions and its possible consequences for Iraqi officials. Read More..

B2B Tech News | 17 days ago        

AI Infrastructure Firm Nebius Secures $700 Million to Enhance AI Development Capabilities

On Monday, the AI infrastructure company Nebius Group NBIS.O revealed that it had secured $700 million in a private placement from investors such as A

On Monday, the AI infrastructure company Nebius Group NBIS.O revealed that it had secured $700 million in a private placement from investors such as Accel, Orbis Investments, and Nvidia NVDA.O. Following Yandexs $5.4 billion asset split in July, Nebius wants to improve the infrastructure for AI development. Founded by the former CEO of Yandex, Arkady Volozh, the business aims to speed up the development of cloud platforms and GPU clusters for AI developers. By mid2025, Nebius plans to invest $1 billion and lease data centre space in Kansas City, Missouri. 33,333,334 Class A shares were issued at a premium of 3%, at $21 a share, as part of the private placement. Through this funding, the anticipated yearly revenue rose to between $750 million and $1 billion by 2025. Read More..

B2B Tech News | 17 days ago        

Adani Power Denies Reports of Bangladesh Government Reviewing Power Purchase Agreement

Following a Reuters report indicating that Bangladesh plans to renegotiate the arrangement, Adani Power ADAN.NS said on Monday that it had no indicati

Following a Reuters report indicating that Bangladesh plans to renegotiate the arrangement, Adani Power ADAN.NS said on Monday that it had no indication of the government of Bangladesh revisiting its power purchase agreement. According to the article, the government wants to drastically cut prices under the deal unless a court looking into the 25year contract, which includes electricity supplies from a $2 billion coalfired facility in eastern India, cancels it. A committee was recently established by the High Court to examine this contract. In addition, Adani Power is still providing 700–750 MW of electricity while attempting to collect more than $800 million in unpaid debt from Bangladesh. The business and the Bangladesh Power Development Board are still negotiating over the unpaid invoices. Read More..

B2B Tech News | 17 days ago        

U.N. Calls for Urgent Investment in Land Restoration to Combat Desertification and Drought

Ibrahim Thiaw, the U.N. Executive Secretary for the Convention to Combat Desertification, estimates that by 2030, it will cost $2.6 trillion to restor

Ibrahim Thiaw, the U.N. Executive Secretary for the Convention to Combat Desertification, estimates that by 2030, it will cost $2.6 trillion to restore damaged land and fight desertification. Increased droughts brought on by climate change and a growing world population that necessitate more food production on the currently available land create an urgent need. The private sector, which now provides only 6% of restoration funding, is expected to provide a significant amount of the $1 billion daily investment needed to increase drought resilience and secure finance during a twoweek gathering in Riyadh. Thiaw urges states to establish more ambitious goals and acknowledge the significance of these resources beyond aid for developing countries, emphasising that investment in land restoration is essential for maintaining global stability. Read More..

B2B Tech News | 17 days ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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