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Morocco to Reassess Turkey Trade Deal as Textile Imports Drive $3B Deficit

Moroccos trade deficit has increased significantly to $3 billion, mostly owing to imports of Turkish textiles, and the country is getting ready to rev

Moroccos trade deficit has increased significantly to $3 billion, mostly owing to imports of Turkish textiles, and the country is getting ready to review its 2004 free trade agreement with Turkey. The total trade imbalance reached $12 billion in the first four months of 2025, a 22.8% increase. During his visit to Turkey, Moroccan Trade Minister Omar Hjira will discuss possible alternatives, such as more Turkish investment in Morocco. Moroccan producers continue to rely significantly on Turkish products because of their affordability, superior quality, and consistent delivery, even in the face of past emergency tariffs of up to 90% on Turkish textiles. Experts advise Morocco to diversify its exports, increase its industrial competitiveness, and perhaps reexamine previous free trade agreements in order to attain longterm equilibrium. Read More..

B2B Tech News | 2 months ago        

IndiaUK FTA Sealed Over Ice Cream, Set to Double Trade to $120 Billion by 2030

During a casual stroll in Londons Hyde Park on May 2, 2025, India and the UK finalised their longawaited Free Trade Agreement FTA. UK Secretary Jonath

During a casual stroll in Londons Hyde Park on May 2, 2025, India and the UK finalised their longawaited Free Trade Agreement FTA. UK Secretary Jonathan Reynolds also gave Indian Commerce Minister Piyush Goyal a chocolate ice cream. Goyal described the accord as a “balanced agreement” that will quadruple bilateral trade to $120 billion by 2030 when he shared the story during the India Global Forum’s UKIndia Week. The Double Contribution Convention DCC, which was included in the FTA and finalised on May 6, exempts temporary employees from paying duplicate social security levies. Goyal compared the FTA to a "good marriage," highlighting its longterm advantages for bilateral commerce, investment, and joint ventures. Read More..

B2B Tech News | 2 months ago        

EIB Launches €70 Billion Tech EU Program to Boost European Innovation

As part of its new Tech EU initiative, the European Investment Bank EIB will invest €70 billion between 2025 and 2027 to support Europes technology

As part of its new Tech EU initiative, the European Investment Bank EIB will invest €70 billion between 2025 and 2027 to support Europes technology sector. It will be divided into €20 billion for equity and quasiequity, €40 billion for loans, and €10 billion for guarantees, with the goal of securing an extra €250 billion in private investment. Targeting crucial sectors like as AI, digital infrastructure, robots, green tech, supercomputing, and advanced materials, the effort helps Europe compete with China and the U.S. in clean and digital innovation. The European Commissions efforts to assist highrisk businesses from proof of concept to IPO are complemented by it. Read More..

B2B Tech News | 2 months ago        

SoftBank’s Masayoshi Son Pitches $1 Trillion AI Hub in Arizona to Rival Shenzhen

SoftBank CEO Masayoshi Son is allegedly proposing "Project Crystal Land," a $1 trillion AI industrial hub in the United States, to construct AIpowered

SoftBank CEO Masayoshi Son is allegedly proposing "Project Crystal Land," a $1 trillion AI industrial hub in the United States, to construct AIpowered infrastructure and robotics. The planned facility would be situated in Arizona and is meant to compete with Shenzhen, China, as a major hub for global technology manufacturing. Along with pursuing tax advantages with U.S. authorities like Commerce Secretary Howard Lutnick, Son is looking to collaborate with TSMC, the Trump administration, and other tech behemoths like Samsung. Sons larger AI goals are in line with the strategy, which includes the $500 billion Stargate project with OpenAI and Oracle. Should this come to pass, it would rank among the biggest industrial investments in American history. Read More..

B2B Tech News | 2 months ago        

Amazon to Invest $233 Million in India to Boost Fulfillment and Delivery Network

In order to develop new fulfilment technologies, improve delivery safety, and grow and update its operational infrastructure, Amazon plans to invest $

In order to develop new fulfilment technologies, improve delivery safety, and grow and update its operational infrastructure, Amazon plans to invest $233 million ₹2,000 crore in India by 2025. By supporting the opening of new locations and the renovation of current ones, the investment will increase processing capacity and delivery speed nationwide. Additionally, it represents Amazons increased foray into the fastpaced market, where it is increasingly up against rivals like Zepto, Blinkit, and Swiggy. Initiatives like Ashray rest areas, Samridhi financial literacy, and Sushruta healthcare for drivers will also be funded in order to enhance the health and financial security of staff members. Amazons overarching objective of investing $26 billion in India by 2030 is in line with this action. Read More..

B2B Tech News | 2 months ago        

China Accelerates Digital Yuan Push to Challenge Dollar Dominance

In order to transform the global monetary system into a multipolar currency order, Chinas central bank is stepping up its efforts to promote the digit

In order to transform the global monetary system into a multipolar currency order, Chinas central bank is stepping up its efforts to promote the digital yuan, or eCNY. To lessen the worlds dependency on the US dollar, Governor Pan Gongsheng announced the establishment of a worldwide operations centre for eCNY at the Lujiazui Forum in Shanghai. He promoted the coexistence and rivalry of sovereign currencies, arguing that an excessive reliance on a single currency raises systemic dangers. Expanding the CrossBorder Interbank Payment System CIPS and promoting the use of yuanbased settlements by international banks such as Standard Bank and First Abu Dhabi Bank are two aspects of Chinas approach. The drive is in line with more general geopolitical changes and growing interest in digital currencies as substitutes for established, dollardominated institutions. Read More..

B2B Tech News | 2 months ago        

Japan’s JERA Secures 5.5 MTPA of U.S. LNG in 20Year Supply Agreements

Under 20year contracts, Japans largest power generator, JERA, has committed to buying 5.5 million metric tonnes per annum MTPA of U.S. liquefied natur

Under 20year contracts, Japans largest power generator, JERA, has committed to buying 5.5 million metric tonnes per annum MTPA of U.S. liquefied natural gas LNG, with delivery beginning in 2030. By diversifying its global portfolio, JERA hopes to lessen its need for Australian LNG while ensuring a flexible and affordable supply. The agreements, which guarantee Japans longterm energy security, include agreements with Sempra Infrastructure, Cheniere Marketing, Commonwealth LNG, and NextDecade. LNG is essential for Japans expanding power consumption, especially given the growth of data centres and the high cost of hydrogen and ammonia alternatives, stressed Yukio Kani, Global CEO of JERA. Read More..

B2B Tech News | 2 months ago        

UK Economy Shrinks by 0.3% in April as Services and Production Decline

After growing by 0.2% in March 2025, the UK GDP shrank by 0.3% in April 2025, according to the Office for National Statistics ONS. While construction

After growing by 0.2% in March 2025, the UK GDP shrank by 0.3% in April 2025, according to the Office for National Statistics ONS. While construction expanded by 0.9%, the dip was mostly caused by a 0.4% drop in services output and a 0.6% drop in manufacturing. Citing U.S. tariffs as a possible drag on British output, the Bank of England lowered its 2026 growth prediction to 1.25%. The increase of the services sector helped the GDP grow by 0.7% in the three months leading up to April, despite the monthly decrease. Read More..

B2B Tech News | 2 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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