BUSINESS NEWS
Telefónica Sells Argentina Unit for $1.245B Amid Latin America Exit Strategy
Telefónica, a Spanish telecom company, decreased its exposure to Latin America by selling its Argentina division to Telecom Argentina for $1.245 bill
Telefónica, a Spanish telecom company, decreased its exposure to Latin America by selling its Argentina division to Telecom Argentina for $1.245 billion. After the sale was finalised on Monday, President Javier Mileis office in Argentina expressed alarm over possible monopolisation, pointing out that the acquisition might give one company control over 70% of telecom services. The administration has promised to take action to stop this. Telefónica has been reducing its debt and investing in 5G by pulling out of Latin America. It recently filed for bankruptcy protection in Peru and is looking into selling in Mexico and Colombia. The acquisition will help Telecom Argentina increase its investments in fiberoptic and 5G networks. B2B Tech News | 27 days ago
EFTA Nations Pledge $100 Billion Investment in India Under TEPA
Switzerland has pledged to invest USD 100 billion in India over the next 15 years, joining Iceland, Liechtenstein, Norway and other European Free Trad
Switzerland has pledged to invest USD 100 billion in India over the next 15 years, joining Iceland, Liechtenstein, Norway and other European Free Trade Association EFTA members. India and the EFTA nations recently signed the Trade and Economic Partnership Agreement TEPA, which includes this promise. Although many are eager, India competes with other Asian countries for these investments. Swiss Consul General Martin U. Maier underlined the need to lure Swiss businesses to expand their operations in India. By lowering duties on almost 95% of Swiss exports to India, the TEPA seeks to improve economic cooperation and increase Swiss companies access to the Indian market. B2B Tech News | 1 months ago
Japan Proposes Tesla Invest in Nissan After Failed Honda Merger Talks
After its unsuccessful merger negotiations with Honda, a highlevel Japanese group, including former Prime Minister Yoshihide Suga, suggested that Tesl
After its unsuccessful merger negotiations with Honda, a highlevel Japanese group, including former Prime Minister Yoshihide Suga, suggested that Tesla invest in Nissan. There is conjecture that Tesla may buy Nissans U.S. plants in the face of possible auto tariffs from the Trump administration. The proposal, spearheaded by former Tesla board member Hiromichi Mizuno, is resisted because Tesla favours its specially built plants. Sugas office was unaware of the concept, and Mizuno denied involvement. Foxconn is promoting a fourway partnership with Honda, Nissan, and Mitsubishi to compete with Chinese EV manufacturers and Tesla. After the reports, Nissans stock jumped 9.6%, but neither Tesla nor Apple would respond, raising doubts about the viability of these relationship and investment ambitions. B2B Tech News | 1 months ago
U.S. and Ukraine Near Rare Earth Minerals Deal Amid Security Talks
It appears that the United States and Ukraine are getting closer to an agreement that would provide the United States access to Ukraines rare earth re
It appears that the United States and Ukraine are getting closer to an agreement that would provide the United States access to Ukraines rare earth resources, enhancing their longstanding alliance. Tensions have arisen during the talks as Presidents Trump and Zelenskyy have disagreed on terms, especially those about security guarantees. Progress was made when special envoy Keith Kellogg visited Kyiv and spoke with senior Ukrainian authorities. Although specifics are still being discussed, Zelenskyy has been upbeat about the agreements possible advantages. This agreement is strategically significant for both countries because rare earth materials are essential to cuttingedge technologies. B2B Tech News | 1 months ago
Qatar Partners with Scale AI to Integrate AI into Government Services
To increase efficiency through automation, advanced data analysis, and predictive analytics, Qatar has inked a fiveyear agreement with Scale AI to inc
To increase efficiency through automation, advanced data analysis, and predictive analytics, Qatar has inked a fiveyear agreement with Scale AI to incorporate AIpowered solutions into government services. For the government of Qatar, the collaboration will create more than 50 AI applications that could serve as a template for other countries. Although the contracts financial terms are still unknown, it shows Qatars desire to lead the AI industry in the face of competition from the UAE and Saudi Arabia. Major customers like Microsoft and OpenAI are served by Scale AI, a U.S.based company specialising in data labelling and AI model training. The partnership demonstrates Qatars dedication to using AI to progress technology and government. B2B Tech News | 1 months ago
Tokyo Gas Sells 25% Stake in Texas Shale Project to Shizuoka Gas for $130M
A 25% share in an Eagle Ford shale gas project in Texas is being sold by Tokyo Gas, Japans largest city gas supplier, to Shizuoka Gas for $130 million
A 25% share in an Eagle Ford shale gas project in Texas is being sold by Tokyo Gas, Japans largest city gas supplier, to Shizuoka Gas for $130 million as part of an asset portfolio review. With this action, Tokyo Gas can concentrate on its U.S. division, TG Natural Resources, which works in north Louisiana and east Texas. With this transaction, Shizuoka Gas entered the upstream natural gas market for the first time in the United States. Every year, the Lewis Energy Groupoperated project is anticipated to generate 400,000 metric tonnes of LNGequivalent shale gas for sale in the United States. By 2030, Shizuoka Gas wants its foreign operations to account for 14% of its recurring revenue. B2B Tech News | 1 months ago
Central Bank of Botswana Maintains Policy Rate at 1.90% for Third Straight Meeting
As inflation increased from 1.7% in December to 2.5% in January, Botswanas central bank maintained its policy rate at 1.90% for the third consecutive
As inflation increased from 1.7% in December to 2.5% in January, Botswanas central bank maintained its policy rate at 1.90% for the third consecutive meeting. However, it was still below its 3% to 6% goal range. Due to sluggish international demand, the nations economy, primarily dependent on diamond exports, shrank last year. However, the government anticipates a recovery in 2025, bolstered by advancements in other areas and a revival in the diamond market. Despite economic difficulties, policymakers continue to exercise caution when modifying interest rates and prioritising stability while keeping an eye on inflation patterns and outside market circumstances. The central banks position shows its dedication to striking a mediumterm balance between price stability and economic growth. B2B Tech News | 1 months ago
Argentina’s President Milei Sparks Crypto Frenzy with Libra Memecoin Endorsement
The cryptocurrency market was rocked after Argentine President Javier Milei pushed the Libra memecoin, saying it could boost the countrys economy. Bec
The cryptocurrency market was rocked after Argentine President Javier Milei pushed the Libra memecoin, saying it could boost the countrys economy. Because of rugpull speculation, Libras price crashed by 95% after soaring 3,000% in a few hours to achieve a $4.5 billion market value. Its team allegedly cashed out $107 million, and reports showed that eight wallets had 83% of the token supply. After removing his promotional tweet, President Milei denied involvement in the proposal and issued a warning against it. Crypto intelligence companies connected Libra to Trumprelated memecoins, and attorneys accused him of encouraging fraud. As companies turned away from launch strategist Hayden Mark Davis, whose firm Kelsier Venturer purportedly oversaw Libras launch, the scandal grew more intense. Many things are still unclear. B2B Tech News | 1 months agoGet The News to use newsletter to
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