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Chinas Trade Surplus Set to Reach Record $1 Trillion as Exports Surge

With exports greatly exceeding imports, mainly to markets like the US, EU, and ASEAN, Chinas trade surplus is predicted to reach a record $1 trillion

With exports greatly exceeding imports, mainly to markets like the US, EU, and ASEAN, Chinas trade surplus is predicted to reach a record $1 trillion this year. China has become increasingly dependent on exports to fuel growth, despite initiatives to increase local demand. Other countries have reacted to this by imposing duties on Chinese imports. A decrease in foreign direct investment is also occurring in China, marking the first possible net outflow since 1990. Beijing has pledged further assistance to companies to stabilise employment and trade. Read More..

B2B Tech News | 8 months ago        

Vulcan Energy Secures €100 Million for Geothermal Heat Project in Germany

For their sustainable geothermal heat project in Landau, Germany, Vulcan Energy Resources received funds from the German Federal Ministry of 100 milli

For their sustainable geothermal heat project in Landau, Germany, Vulcan Energy Resources received funds from the German Federal Ministry of 100 million euros $106.42 million. Starting in 2026, the HEAT4LANDAU project, a component of Vulcans Phase One Lionheart Project, intends to provide geothermal heat for environmentally friendly district heating. This program supports the companys annual objective of generating 24,000 metric tonnes of lithium hydroxide and adds to the green lithium supply chain. Read More..

B2B Tech News | 8 months ago        

Grab Holdings Raises FY24 Revenue Forecast to $2.78 Billion, Citing Strong Holiday Season Growth

Due to robust food delivery and ridehailing growth during the holiday season, Grab Holdings increased its fiscal 2024 revenue prediction to $2.76–$2

Due to robust food delivery and ridehailing growth during the holiday season, Grab Holdings increased its fiscal 2024 revenue prediction to $2.76–$2.78 billion. Due to a 16% growth in the shipping segment, the companys thirdquarter revenue surpassed projections. In addition, Grab increased its core profit projection for the year to $308–$313 million. The company is advertising premium services to increase profits while concentrating on reasonably priced ridehailing choices. Anthony Tan, the CEO, is still hopeful about Southeast Asias longterm economic potential. See the complete report for further information. Read More..

B2B Tech News | 8 months ago        

Japan Unveils $65 Billion Tech Plan Without Tax Hike or Borrowing

The government of Japan has no plans to raise taxes to fund its 10 trillion yen $65 billion plan to support the countrys semiconductor and AI industri

The government of Japan has no plans to raise taxes to fund its 10 trillion yen $65 billion plan to support the countrys semiconductor and AI industries. Following the introduction of the project by Prime Minister Shigeru Ishiba, Industry Minister Yoji Muto confirmed this on Tuesday. To finance the project, the government will not issue bonds covering the shortfall. Instead, the emphasis is on fostering technological innovation in Japan without increasing the publics financial burden through borrowing or tax hikes. Read More..

B2B Tech News | 8 months ago        

Bitcoin Breaks $81,000 Barrier as Crypto Market Bets on ProDigital Asset Policies

Anxieties about a favourable regulatory environment under a possible Trump administration and procrypto politicians in Congress propelled Bitcoin to a

Anxieties about a favourable regulatory environment under a possible Trump administration and procrypto politicians in Congress propelled Bitcoin to a record high above $81,000. Investor confidence has been boosted by Trumps campaign support for digital assets and his intentions to deregulate cryptocurrencies. Broad gains have been made in the cryptocurrency space, with Ether and Dogecoin seeing notable increases as well. The cryptocurrency market is placing a wager on a more hospitable regulatory environment under Trumps leadership, notwithstanding reservations about his immediate goals. Read More..

B2B Tech News | 8 months ago        

DBS Group Explores A$460 Million Stake Acquisition in Alliance Bank Malaysia

To grow in Malaysia, DBS Group Holdings is looking into acquisitions. One possible acquisition is the $460 million purchase of a 29.1% share in Allian

To grow in Malaysia, DBS Group Holdings is looking into acquisitions. One possible acquisition is the $460 million purchase of a 29.1% share in Alliance Bank Malaysia, which is currently owned by Temasek. DBS is also thinking of purchasing Kuwait Finance Houses more than $500 million worth of retail banking assets in Malaysia. This is in line with DBSs plan to increase its regional footprint after entering countries like China and Taiwan in the past. The action was taken as Malaysias economic outlook improved and strong credit growth was anticipated. Discussions are only getting started, and Malaysias central bank must give its permission. Read More..

B2B Tech News | 8 months ago        

HMC Capital Set for A$4 Billion IPO of Data Center Business, Largest in Australia for 2024

With a target valuation of $A4 billion, HMC Capital is proceeding with an initial public offering IPO for its data centre division. With $A4 billion i

With a target valuation of $A4 billion, HMC Capital is proceeding with an initial public offering IPO for its data centre division. With $A4 billion in assets under management, the Digico Real Estate Investment Trust REIT will oversee 13 data centres and provide services to 586 customers. HMC will purchase a 19% interest by investing at least $A500 million. This comes after HMC purchased Australian data centre provider Iseek for A$400 million. The IPO is scheduled for December 16 and will be the biggest in Australia in 2024. Read More..

B2B Tech News | 8 months ago        

Asian Paints Shares Drop 9.3% as Q2 Profit Halves, Falling Short of Market Expectations

Following a nearly halving of its secondquarter net profit and a 0.5% drop in sales volumes, Asian Paints stock fell 9.3%. This result fell short of e

Following a nearly halving of its secondquarter net profit and a 0.5% drop in sales volumes, Asian Paints stock fell 9.3%. This result fell short of expectations, particularly when contrasted with competitors that claimed better volume increases, such as Kansai Nerolac and Berger Paints. The corporation is impacted by several factors, such as a decline in demand for highend goods as buyers look for less expensive alternatives due to inflation and more competition that drives down prices. The companys sales value dropped by 5%, falling short of market projections as a result of these difficulties. Read More..

B2B Tech News | 8 months 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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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