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India Proposes $7.6 Billion in Retaliatory Tariffs Against U.S. Steel Duties

India has informed the World Trade Organisation WTO of its intention to impose retaliatory tariffs on a set of U.S. imports in response to Washingtons

India has informed the World Trade Organisation WTO of its intention to impose retaliatory tariffs on a set of U.S. imports in response to Washingtons steel and aluminium charges. With an estimated duty collection of $1.91 billion, the move targets $7.6 billion worth of U.S. goods. India decided to halt concessions because it claims that the U.S. safeguard measures are against WTO regulations. India has proposed to cut tariff disparities by twothirds as part of a bilateral trade agreement being negotiated between the two countries. India disputes the U.S.s assertions that its tariffs are motivated by national security concerns. As the WTO considers Indias appeal, trade relations between the two economies may worsen. Read More..

B2B Tech News | 5 days ago         

China Accelerates AI Humanoid Robotics to Transform Global Manufacturing

China is quickly developing AIpowered humanoid robots to transform industries and solve economic issues and labour shortages. The robot training centr

China is quickly developing AIpowered humanoid robots to transform industries and solve economic issues and labour shortages. The robot training centre run by startup AgiBot trains robots for extended periods of time each day. Beijings commitment to industrial automation, supported by $20 billion in subsidies and a $137 billion AI fund, was highlighted when President Xi Jinping viewed these robots. Driven by inhouse AI models like DeepSeek, these robots demonstrate agility by playing football and executing somersaults. China wants to be the leader in factory automation, but worries about possible job loss and the effects on social security still exist. Widespread implementation might change the face of global manufacturing by enhancing Chinas economic dominance while posing longterm labour issues. Read More..

B2B Tech News | 5 days ago         

China’s CATL Targets $4 Billion in Hong Kong IPO for Global Expansion

Among the largest initial public offerings IPOs in Hong Kong this year, the Chinese battery giant CATL is expected to raise at least $4 billion throug

Among the largest initial public offerings IPOs in Hong Kong this year, the Chinese battery giant CATL is expected to raise at least $4 billion through its listing. With trading set to commence on 20 May, the company intends to sell 117.9 million shares at a maximum price of HK$263 each. The funds will contribute to CATLs international expansion, which includes the construction of a battery facility in Hungary expected to create 10,000 jobs. Cornerstone investors, including Sinopec and the Kuwait Investment Authority, have pledged $2.6 billion in connection with the IPO. However, due to geopolitical concerns, U.S. investors are prohibited from participating. Read More..

B2B Tech News | 6 days ago         

U.S. and China Resume HighStakes Trade Talks in Geneva Amid Tariff Standoff

After imposing duties of over 100% on each others goods, senior U.S. and Chinese officials have commenced trade talks in Geneva with the aim of defusi

After imposing duties of over 100% on each others goods, senior U.S. and Chinese officials have commenced trade talks in Geneva with the aim of defusing the situation. They are meeting in person for the first time since the tariff impasse, with U.S. Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng leading the discussions. President Donald Trump described the talks as a "total reset," suggesting positive progress, despite no immediate breakthroughs being announced. The villa of Switzerlands UN ambassador was chosen as a neutral venue for the talks. Read More..

B2B Tech News | 6 days ago         

Pakistan Faces Cyber Intrusions as Government Accounts Issue Conflicting Statements

Several government social media accounts in Pakistan have posted contradictory information before taking it down, raising suspicions of hacks. Concern

Several government social media accounts in Pakistan have posted contradictory information before taking it down, raising suspicions of hacks. Concerns about cyber attacks were raised when the Pakistan Stock Exchange website was unavailable for hours and displayed a maintenance banner. Citing significant losses, the Economic Affairs Division placed a request for foreign loans but later removed it, stating that their account had been compromised. Likewise, after first reporting damage from an Indian naval strike, the Karachi Port Trust eventually denied the claim and claimed their account was tainted. India is bolstering its cybersecurity defences in the meanwhile, and Finance Minister Nirmala Sitharaman will assess the financial sectors readiness for possible cyberattacks. Read More..

B2B Tech News | 6 days ago         

Pakistan Seeks $1.3 Billion IMF Loan After India’s Retaliatory Strikes

Citing significant losses due to Indias retaliatory strikes, Pakistans Economic Affairs Division has requested additional loans from foreign lenders.

Citing significant losses due to Indias retaliatory strikes, Pakistans Economic Affairs Division has requested additional loans from foreign lenders. This appeal comes ahead of a crucial IMF meeting where Pakistans request for a $1.3 billion loan will be discussed. Officials later denied posting the loan request, claiming their X account had been hacked. India has questioned the effectiveness of Pakistans previous bailout packages and urged the IMF to act with caution. Before making decisions on loan disbursements or policy changes, the IMF board will assess Pakistans economic performance. Read More..

B2B Tech News | 9 days ago         

Bhutan Becomes First Nation to Launch National Crypto Tourism Payment System

In collaboration with Binance Pay and DK Bank, Bhutan has launched a nationwide cryptocurrency tourism payment system that allows visitors to use cryp

In collaboration with Binance Pay and DK Bank, Bhutan has launched a nationwide cryptocurrency tourism payment system that allows visitors to use cryptocurrency to pay for local shops, flights, accommodation, and visas. The programmes objectives are to reduce currency exchange costs and enhance payment accessibility, particularly for small business owners and regional artisans. Travellers can utilise over 100 cryptocurrency assets, including Bitcoin BTC, USDC, and Binances BNB. DK Bank manages instant cryptocurrencytofiat transfers. Bhutan was the first nation to implement cryptocurrency payments on a national scale, thanks to the technology, which ensures realtime confirmations and minimal transaction fees. Read More..

B2B Tech News | 9 days ago         

Bain Capital to Exit China’s Data Center Market Amid Global Investment Shift

Bain Capital, which is likely worth over $4 billion, is preparing to sell its data centre business in China. In recent months, the firm has engaged fi

Bain Capital, which is likely worth over $4 billion, is preparing to sell its data centre business in China. In recent months, the firm has engaged financial advisers and held initial discussions with potential buyers. Previously part of Chindata Group, which Bain Capital acquired in 2023 for $3.16 billion, the company is now operating under the WinTriX DC Group name. This transaction comes at a time when valuations in the data centre industry are increasing due to the demand for cloud computing and the growth of AI. Analysts suggest that as Chinas hyperscale data centre expansion slows, Bain Capital is shifting its focus to overseas ventures. Read More..

B2B Tech News | 9 days ago         



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