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UNODC Report Reveals Southeast Asia Lost $37 Billion to Crypto Fraud in 2023

According to a recent UNODC analysis, financial losses from cryptocurrencyrelated fraud in Southeast Asia in 2023 were over $37 billion. Since money l

According to a recent UNODC analysis, financial losses from cryptocurrencyrelated fraud in Southeast Asia in 2023 were over $37 billion. Since money launderers use illegal cryptocurrency businesses, the UNODC advises penalising them to address this problem. The research underscores the noteworthy surge in cybercrimes driven by artificial intelligence, stressing organised criminal organisations use of sophisticated technology and cryptocurrencies for fraudulent purposes. The region is increasingly serving as a trial ground for transnational criminal networks. Thus, UNODC officials are urging states to step up their regulatory efforts and vigilance to counter these risks. Read More..

B2B Tech News | 9 months ago        

HSBC CEO Considers CostCutting Moves to Save Up to $300 Million Amid Strategic Overhaul

Georges Elhedery, the CEO of HSBC, is concentrating on reducing expenses among the banks senior bankers to save up to $300 million. This move is part

Georges Elhedery, the CEO of HSBC, is concentrating on reducing expenses among the banks senior bankers to save up to $300 million. This move is part of a larger plan to combine its investment banking and commercial banking segments, simplifying operations by eliminating unnecessary positions. HSBC has reduced its presence in Western countries, including the United States, France, and Canada, in favour of Asia in recent years. These actions are meant to improve profitability and efficiency in a highly competitive market. Read More..

B2B Tech News | 9 months ago        

Rio Tinto Acquires Arcadium Lithium for $6.7 Billion, Becomes ThirdLargest Lithium Producer

Rio Tinto, the thirdlargest lithium producer in the world, has announced that it would pay $6.7 billion to acquire Arcadium Lithium, a U.S.based compa

Rio Tinto, the thirdlargest lithium producer in the world, has announced that it would pay $6.7 billion to acquire Arcadium Lithium, a U.S.based company. Despite the current lithium glut, this decision aligns with Rios plan to concentrate on premium, lowcarbon commodities crucial for the energy transition. Rio now has access to lithium mining and processing facilities in many countries as part of the acquisition, valued at about 90% more than Arcadiums latest stock price. The deal aims to fulfil the increasing demand for batteries for electric vehicles. The purchase is anticipated to close in the middle of 2025. Read More..

B2B Tech News | 9 months ago        

Norway’s Sovereign Wealth Fund Lifts Supermax Bhd Observation After Human Rights Measures Implemented

After two years, the sovereign wealth fund of Norway has formally concluded its observation of Supermax Bhd in light of the companys efforts to resolv

After two years, the sovereign wealth fund of Norway has formally concluded its observation of Supermax Bhd in light of the companys efforts to resolve human rights issues. The ruling is consistent with the recent repeal of Supermaxs prohibition in the United States due to forced labour claims. Furthermore, the fund has ended its coal consumption monitoring of Southern Co. and BHP Group, acknowledging their notable decreases in coal output. The measures demonstrate the funds dedication to moral investing and accountable corporate governance, underscoring its proactive approach to environmental and social concerns. Read More..

B2B Tech News | 9 months ago        

PM Modi and Maldives President Muizzu Forge Closer Relations Amidst Regional Tensions with China

Following meetings with Maldivian President Mohamed Muizzu in New Delhi, Prime Minister Narendra Modi declared that India will give financial support

Following meetings with Maldivian President Mohamed Muizzu in New Delhi, Prime Minister Narendra Modi declared that India will give financial support to the Maldives through a $400 million currency exchange arrangement and a $100 million rollover of treasury bills. Muizzus tighter links to China have caused a relationship strain, which this action seeks to alleviate. Enhancing travel throughout the Maldives, the two leaders launched the Greater Male Connectivity Project—a project supported by India—and dedicated a new runway at Hanimaadhoo International Airport. Modi highlighted the strong neighbourly relationship between India and the United States, while Muizzu praised Indias contribution to socioeconomic growth. With India and China vying for influence in the area, the currency swap arrangement should assist in resolving the Maldives foreign exchange problems. Read More..

B2B Tech News | 9 months ago        

Arka Fincap Launches Uday to Provide Small Ticket Loans Against Property for MSMEs

Aimed at micro, small, and mediumsized businesses MSMEs, Arka Fincap Limited, a division of Kirloskar Oil Engines Limited KOEL, has introduced Uday, a

Aimed at micro, small, and mediumsized businesses MSMEs, Arka Fincap Limited, a division of Kirloskar Oil Engines Limited KOEL, has introduced Uday, a Small Ticket Loans Against Property STLAP product. The loans, which range from ₹10 lakh to ₹30 lakh, are intended to bridge the $530 million credit gap that small enterprises in Tier II, III, and IV cities encounter. These businesses suffer difficulties obtaining formal credit because of insufficient paperwork. Uday offers structured loans with predictable payback schedules and reduced interest rates compared to unstructured lending sources. Having started with five sites in Tamil Nadu, Arka Fincap intends to take this project nationwide to promote financial inclusion and assist the MSME sector, which presently accounts for a sizable portion of the companys ₹5,768 crore AUM. Read More..

B2B Tech News | 9 months ago        

Woodside Energy Completes $1.2 Billion Acquisition of Tellurian, Rebrands Driftwood LNG Project

The U.S. liquefied natural gas developer Tellurian TELL.A, which includes the U.S. Gulf Coast LNG export project, was acquired by Woodside Energy for

The U.S. liquefied natural gas developer Tellurian TELL.A, which includes the U.S. Gulf Coast LNG export project, was acquired by Woodside Energy for $1.2 billion on Wednesday. Woodside rebranded the Driftwood LNG venture as Woodside Louisiana LNG last week after Tellurian shareholders approved the transaction. The business wants the actual investment decision FID ready for the purchased project by the first quarter of 2025. The project may strengthen the United States position as the worlds largest producer of LNG, with a total approved capacity of 27.6 million tonnes annually. Since Tellurian has been looking for partners to fund the LNG project, the acquisition is anticipated to ease its financial difficulties. Read More..

B2B Tech News | 9 months ago        

AstraZeneca Enters $1.92 Billion Licensing Deal with CSPC to Boost Cardiovascular Pipeline

AstraZeneca’s cardiovascular pipeline will be improved with a licensing deal worth up to $1.92 billion announced Monday with CSPC Pharmaceutical Gro

AstraZeneca’s cardiovascular pipeline will be improved with a licensing deal worth up to $1.92 billion announced Monday with CSPC Pharmaceutical Group Ltd 1093.HK. $100 million in upfront payment, milestone, and royalty payments are all part of the agreement. With patients with elevated "bad cholesterol" levels in mind, CSPC will create a new small molecule Lipoprotein a disruptor. Access to YS2302018, an oral disruptor designed as a lipidlowering treatment, CSPCs preclinical candidate, will be granted to AstraZeneca. The oral small molecule PCSK9 inhibitor AZD0780 from AstraZeneca, intended for individuals with dyslipidaemia that statins cannot effectively treat may be administered in conjunction with this asset to address significant risk factors for chronic cardiovascular illnesses. 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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