Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Visa and Mastercard Reach $30 Billion Settlement to Lower Credit and Debit Card Fees

A historic $30 billion settlement between Visa and Mastercard aims to reduce credit and debit card fees for retailers, which might result in cheaper c

A historic $30 billion settlement between Visa and Mastercard aims to reduce credit and debit card fees for retailers, which might result in cheaper costs for customers. Subject to court approval, this antitrust settlement intends to resolve 2005era charges that the card networks imposed onerous antisteering regulations and exorbitant swipe costs. Visa and Mastercard have agreed to remove antisteering clauses, lower swipe rates, and cap fees for several years. Both firms acknowledge the importance of the agreement in resolving issues brought up by small businesses, even if they deny any misconduct. It is anticipated that certain retailers would object, though, as they could feel the settlement does not sufficiently resolve longstanding fee discrepancies. Read More..

B2B Tech News | 23 days ago        

The New Development Bank Plans $5 Billion in Loans for 2024

Zhou Qiangwu, vice president of the New Development Bank NDB, which the BRICS group of developing nations founded, says the bank plans to lend around

Zhou Qiangwu, vice president of the New Development Bank NDB, which the BRICS group of developing nations founded, says the bank plans to lend around $5 billion this year. Speaking at the yearly Boao Forum, Zhou stated that while the banks operations were somewhat affected by the pandemic, they are already operating normally again. Zhou mentioned that China and India have gotten more investment than other member nations. Still, he did not elaborate on how this has influenced the banks operations. The BRICS countries of Brazil, Russia, India, China, and South Africa founded the NDB in 2015 its headquarters is in Shanghai. Zhou also stated that he believed Chinas GDP would expand by around 5% this year, aligning with the governments goal. Read More..

B2B Tech News | 23 days ago        

Science Museum Unveils Energy Revolution The Adani Green Energy Gallery’

The Energy Revolution The Adani Green Energy Gallery, which showcases how renewable energy can combat climate change, was opened by Londons Science Mu

The Energy Revolution The Adani Green Energy Gallery, which showcases how renewable energy can combat climate change, was opened by Londons Science Museum. Chairman of the Adani Group, Gautam Adani, highlighted the gallerys contribution to educating the public about revolutionary technologies and sustainability while expressing gratitude for the collaboration. The exhibition, which debuted in 2021, has interactive digital displays and models and investigates how human ingenuity has impacted past, current, and future energy environments. The Executive Director of AGEL, Sagar Adani, highlighted the need to encourage youth to pursue renewable energy alternatives. Sir Ian Blatchford, the director of the Science Museum Group, praised the cooperation and the vital support from the Adani Group. Through this programme, the museum hopes to raise awareness and encourage participation in establishing a sustainable energy future. Read More..

B2B Tech News | 24 days ago        

JSW Renewable Energy Acquires 45 MW Vashpet Wind Project from Reliance Power

JSW Renewable Energy Coated, a subsidiary of JSW Energy, has declared that it has acquired a 45 MW Vashpet wind project from Reliance Power in Maharas

JSW Renewable Energy Coated, a subsidiary of JSW Energy, has declared that it has acquired a 45 MW Vashpet wind project from Reliance Power in Maharashtra. The Rs 132 crore deal will increase JSW Energys capacity to generate renewable energy. JSW Energys shares initially saw a 2.5 per cent increase, but it eventually closed marginally down at Rs 514.55 per share. Signing the Business Transfer Agreement is pending usual clearances. JSW Energy intends to grow further and become carbon neutral by 2050, with a total lockedin generation capacity of 12.5 GW. Consolidated net profit for the third quarter of the companys financial results increased year over year, with solid contributions from its merchant sales and thermal portfolio. Read More..

B2B Tech News | 24 days ago        

Vedanta Ltd Announces $6 Billion Investment Plan Across Business Ventures

To increase yearly EBITDA by at least $2.5 billion, Vedanta Ltd. intends to invest $6 billion throughout its companies. It expects to generate over $6

To increase yearly EBITDA by at least $2.5 billion, Vedanta Ltd. intends to invest $6 billion throughout its companies. It expects to generate over $6 billion in incremental income from more than 50 ongoing projects, increasing EBITDA from an estimated $5 billion in the current fiscal year to as much as $7.5 billion by FY27. Refinery expansions, power plant commissioning, and capacity increases across many sectors are noteworthy undertakings. The business plans to deleverage by $3 billion over the next three years to get its net debt down to $9 billion by FY27. The planned demerger aims to increase shareholder value by opening up investment possibilities in independent, sectorfocused enterprises. Vedanta is committed to efficiency, growth, and value generation throughout its varied asset portfolio, as seen by its strategic initiatives. Read More..

B2B Tech News | 24 days ago        

Dell Technologies Implements Workforce Reduction Amid CostCutting Initiative

To save costs, Dell Technologies announced a decrease in staff, which included internal reorganisations and restrictions on hiring from outside. As of

To save costs, Dell Technologies announced a decrease in staff, which included internal reorganisations and restrictions on hiring from outside. As of February 2, 2024, the firm employed around 120,000 people, down from approximately 126,000 a year earlier. This action comes after a reduction in sales, with fourthquarter results reporting an 11% decline, partly due to a nearly twoyear period of weak demand for personal computers. Despite obstacles, Dell expects net sales growth for its Client Solutions Division CSG, which includes PCs, throughout the year. It does, however, anticipate higher input costs and an ongoing decline in net revenue for other businesses as a result of the modifications to its business arrangement with VMware. Dell trimmed 6,650 positions last year in preparation for a potential recession and declining PC demand. Read More..

B2B Tech News | 24 days ago        

Airbus Secures Major Orders from Japanese and South Korean Airlines, Dealing Blow to Boeing

Japan Airlines JAL and Korean Air, two major Asian clients, placed big contracts with Airbus for 65 aircraft, striking a blow to Boeing during its man

Japan Airlines JAL and Korean Air, two major Asian clients, placed big contracts with Airbus for 65 aircraft, striking a blow to Boeing during its manufacturing problems. JAL has placed its first order for smaller singleaisle jets from Airbus, announcing intentions to buy 21 widebody A350900 and 11 narrowbody A321neo aircraft. Meanwhile, as part of its longterm fleet planning, Korean Air announced a $13.7 billion commitment to buy 33 A350s, its first acquisition of this aircraft family. The substantial orders resulted from Airbuss growing market share in the singleaisle segment and Boeings continuous struggles. In the face of worldwide aircraft scarcity, both Asian carriers noted the need for newer, more efficient aircraft to satisfy sustainability goals and increased demand. Read More..

B2B Tech News | 1 months ago        

Swiss National Bank SNB Surprises Markets with First Rate Cut in Nine Years

The primary interest rate of the Swiss National Bank SNB dropped by 25 basis points to 1.50%, surprising the markets with the banks first rate reducti

The primary interest rate of the Swiss National Bank SNB dropped by 25 basis points to 1.50%, surprising the markets with the banks first rate reduction in nine years. The decline in Swiss inflation and the strengthening of the Swiss currency drove this decision, the first of its kind by a major central bank to reverse stricter monetary policies intended to combat inflation. The efficacy of previous measures to combat inflation was underlined by SNB Chairman Thomas Jordan, who noted the banks latest inflation estimates, which predict inflation would stay within the target range of 02%. Given the SNBs history of prudence, analysts consider the rate drop a daring move and anticipate such reductions. The decision contrasts with recent moves by other central banks, including the Bank of Japans interest rate hike and rate hikes by central banks in Taiwan and Turkey. Read More..

B2B Tech News | 1 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   1808   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   1697   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   2006   

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.
   2178   

5.  Approximately 8 billion gadgets connect on the internet every day.
   3178   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.

12 votes, Poll active
Footer-template

We take pleasure in providing the most up-to-date business and technology news, tailored for a seamless experience with content that takes less than one minute to read.

Quick Links

Follow Us


Contact Us

  7 Bell Yard, London, WC2A 2JR.

  info@b2btechnews.com

  +1 (559) (869) (8939)

Copyright © 2023 All Rights Reserved. made with by Webleads.

 Privacy Policy | Unsubscribe |  California: Do Not Sell My Personal Information |  CASL-Policy  |  Preferences