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AT&T Signs $1 Billion Deal with Corning to Boost Fiber Internet Services Amid Stagnant Wireless Market

A $1 billion multiyear deal has been reached between AT&T and Corning to improve AT&Ts highspeed internet services by acquiring fibre, cable, and conn

A $1 billion multiyear deal has been reached between AT&T and Corning to improve AT&Ts highspeed internet services by acquiring fibre, cable, and connection technologies. As the U.S. cellphone industry slows and broadband firms like Comcast gain market share, AT&T and rival Verizon focus on highspeed internet. As demand for packaged services that combine fibre internet with cellular plans continues to rise, the alliance seeks to lower implementation costs while facilitating network growth and performance improvements. AT&T will achieve 30 million fibre passings by 2025, with 28.3 million reported in the third quarter. However, subscriber additions did not meet estimates because of a labour stoppage that affected fibre installations. Read More..

B2B Tech News | 9 months ago        

Storebrand Asset Management Sells Holdings in Palantir Technologies Over Human Rights Concerns

One of the biggest investors in the Nordic area, Storebrand Asset Management, has sold its shares in Palantir Technologies because of worries over the

One of the biggest investors in the Nordic area, Storebrand Asset Management, has sold its shares in Palantir Technologies because of worries over the companys work with Israel, which may be against human rights and international humanitarian law. Citing Palantirs sales of goods for use in occupied Palestinian areas, the asset manager, who is in charge of over $91.53 billion in assets, said that it has cut the business out of its investment portfolio. Peter Thiel cofounded Palantir, which offers AI models for military use and has come under fire for its alliance with Israel in the midst of the Gaza crisis. Storebrands move comes after the Norwegian government advised against doing business in Israeli settlements in Palestinian territory. Read More..

B2B Tech News | 9 months ago        

IMF Reports Improved Economic Outlook for SubSaharan Africa Amid Ongoing Challenges

The International Monetary Fund IMF said that although subSaharan Africas economic outlook is improving, high poverty rates, a lack of employment pros

The International Monetary Fund IMF said that although subSaharan Africas economic outlook is improving, high poverty rates, a lack of employment prospects, and poor governance continue to make reform implementation difficult. The IMFs most recent Regional Economic Outlook predicts average growth of 3.6% this year and 4.2% in 2025, but several nations inflation rates are still in the double digits. Policymakers must balance addressing significant development needs and stabilising macroeconomic circumstances in the face of slow growth and limited funding. Rebuilding public confidence requires strengthening social safety nets, safeguarding vulnerable groups, and improving governance, according to the IMF, which also states that passivity is not an option for sustainable development. Read More..

B2B Tech News | 9 months ago        

Korea Zinc’s 9.85% Share Buyback Fuels Stock Surge Amid Control Battle

On Monday, Korea Zinc 010130.KS declared that it had repurchased 9.85% of its shares for $1.5 billion to stop shareholders from selling to private equ

On Monday, Korea Zinc 010130.KS declared that it had repurchased 9.85% of its shares for $1.5 billion to stop shareholders from selling to private equity company MBK and significant investor Young Poong. Amid a power battle between the Chang family of Young Poong and the Choi family, who own Korea Zinc, Bain Capital also acquired a 1.41% share in the business. The repurchase raised anticipation for a protracted takeover war, sending shares up 10% to a record high. MBK has called for an extraordinary shareholder meeting to strengthen governance and proposed 14 new directors. With a 7.83% interest, the South Korean National Pension Service is anticipated to affect the result significantly. Read More..

B2B Tech News | 9 months ago        

EU and China Pursue Alternative Solutions to Tariffs on Chinese Electric Vehicles

The European Commission and Chinas trade ministry said Friday that the EU and China have agreed to conduct more technical discussions on alternatives

The European Commission and Chinas trade ministry said Friday that the EU and China have agreed to conduct more technical discussions on alternatives to tariffs on Chinesemade electric vehicles. After an antisubsidy inquiry, the EU is set to apply tariffs of up to 35.3% next week, although it has stated that it is open to having more talks. As alternatives to tariffs, the discussions can look at possible investments in Europe or minimum pricing pledges from Chinese producers. Both parties reaffirmed their commitment to finding a solution that guarantees fairness in the EU market and complies with WTO regulations after a video conference between Chinese Minister of Commerce Wang Wentao and EU Trade Chief Valdis Dombrovskis. Read More..

B2B Tech News | 9 months ago        

Alphabets Waymo Closes $5.6 Billion Funding Round, Eyes Growth in Major Cities

To grow its autonomous ridehailing service, Alphabets Waymo division revealed on Friday that it had concluded a $5.6 billion investment round headed b

To grow its autonomous ridehailing service, Alphabets Waymo division revealed on Friday that it had concluded a $5.6 billion investment round headed by its parent firm, Google. Notable investors Andreessen Horowitz, Fidelity, and Tiger Global contributed to the round. In places including San Francisco, Phoenix, Los Angeles, Austin, and Atlanta—the latter through an extended cooperation with Uber—Waymo hopes to boost ridership in its Waymo One service with this additional cash. Autonomous ridehailing garners investment as businesses look for financial viability despite regulatory obstacles and scepticism. After much testing, Waymo started providing paid trips in 2022 and is still growing in this cutthroat industry. Read More..

B2B Tech News | 9 months ago        

Ethiopian PM Abiy Ahmed Joins BRICS Summit, Engages with Putin on Bilateral Ties

In a bilateral meeting with Russian President Vladimir Putin on October 23, Ethiopian Prime Minister Abiy Ahmed attended his first BRICS summit. Putin

In a bilateral meeting with Russian President Vladimir Putin on October 23, Ethiopian Prime Minister Abiy Ahmed attended his first BRICS summit. Putin noted the longstanding diplomatic connections between the nations and hailed Ethiopias admission into BRICS as a significant step. Noting Ethiopias backing for Russian efforts at the UN, he underlined their shared stance on several international problems. Ahmed highlighted Ethiopias position as the thirdlargest economy in SubSaharan Africa when arguing for increased intraBRICS investment and trade during the Kazan summit. Ethiopia, which formally joined BRICS earlier this year, hopes to counteract Western dominance by amplifying the voices of the Global South and promoting a multipolar world. Read More..

B2B Tech News | 9 months ago        

World Bank Unveils 20242030 Gender Strategy to Boost Womens Economic Opportunities

To expand economic possibilities for women worldwide, the World Bank has released a new Gender Strategy for 2024–2030. Aiming to provide 300 million

To expand economic possibilities for women worldwide, the World Bank has released a new Gender Strategy for 2024–2030. Aiming to provide 300 million additional women with broadband internet access by 2030, the initiative was unveiled at the annual meetings of the IMF and World Bank. This would allow them to access vital services like financial possibilities and education. Along with helping 250 million women through social protection programs that target the most disadvantaged groups, it also intends to help 80 million women and womenled companies overcome obstacles to entrepreneurship by providing financing. According to World Bank President Ajay Banga, increasing womens economic engagement boosts families and communities, promoting dignity and hope while strengthening the global economy. Read More..

B2B Tech News | 9 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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