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Italy Explores Enhancements to Digital Services Tax Amid Caution Over U.S. Retaliation

Italys 2025 budget includes measures to increase the tax revenue from digital services. Still, the country is wary of possible US reprisal because man

Italys 2025 budget includes measures to increase the tax revenue from digital services. Still, the country is wary of possible US reprisal because many impacted IT companies have US headquarters. Targeting companies like Meta, Google, and Amazon, the current tax brings in about €400 million $439 million annually. Among these talks is the meeting between Italian Prime Minister Giorgia Meloni and U.S. Commerce Secretary Gina Raimondo. Due to postponed international agreements, the 3% tax that was supposed to be imposed on digital enterprises with considerable local sales has been delayed since its introduction in 2019. While aiming to increase its budget deficit to 3.3% of GDP to finance stimulus measures, Italy also intends to correct tax inefficiencies. Read More..

B2B Tech News | 13 days ago         

Record Rally Ubisoft Stock Soars to 13.54 Euros Following Buyout Talks

On Friday, Ubisoft shares surged more than thirty per cent in response to rumours that the companys founders, the Guillemot family, and significant sh

On Friday, Ubisoft shares surged more than thirty per cent in response to rumours that the companys founders, the Guillemot family, and significant shareholder Tencent were considering a takeover. The stock had its biggest oneday rise ever, soaring to 13.54 euros. The Guillemot family, who own 15% of Ubisoft, did not reply to questions, and Ubisoft declined to comment. Tencent owns less than ten per cent. Before this surge, Ubisofts shares had dropped 54% for the year, mainly due to lower forecasts and the delayed release of the eagerly awaited "Assassins Creed Shadows." Additionally, 10% of shareholders have backed activist investor AJ Investments calls for a possible sale or leadership change. Read More..

B2B Tech News | 13 days ago         

France Announces €60 Billion Budget Tightening to Address Growing Deficit

To confront its mounting deficit, which is expected to reach 6.1% of GDP in 2023, the French government aims to tighten its budget by €60 billion ab

To confront its mounting deficit, which is expected to reach 6.1% of GDP in 2023, the French government aims to tighten its budget by €60 billion about $66 billion the following year. Delaying the euro zones 3% objective until 2029, Prime Minister Michel Barnier wants to get the deficit down to 5% by 2025. This ambitious endeavour will include largescale budget reductions across ministries and shortterm tax rises aimed at wealthy individuals and companies. Barnier highlights that midyear pension adjustments will be made to achieve these reductions. The administration wants to reassure financial markets and EU allies of its commitment to fiscal discipline as public debt exceeds 115% of GDP, despite scepticism from public finance specialists over the viability of these aims. Read More..

B2B Tech News | 15 days ago         

Greeces Successful NBG Sale Signals New Era in Banking RePrivatization and Debt Management

With the successful completion of the reprivatization of its lenders, Greece raised €690 million $760.93 million to assist in paying down its sizeab

With the successful completion of the reprivatization of its lenders, Greece raised €690 million $760.93 million to assist in paying down its sizeable public debt by selling a 10% interest in the National Bank of Greece NBG. A 12fold oversubscription from both local and foreign investors resulted from the bookbuilding procedure used to sell 61.4 million shares at a price of €7.55 apiece. Following its approximately €50 billion injection to stabilise the banks during the 2009–2018 debt crisis, the Hellenic Financial Stability Fund HFSF implemented a disposal plan that included this deal. After this transaction, HFSF will give Greeces national wealth fund an 8.4% share in NBG and eliminate any attached special rights. Read More..

B2B Tech News | 15 days ago         

Nio Partners with UK Startup Monolith to Revolutionize EV Battery Packs in Europe

To improve electric car battery packs throughout Europe, Nio and UKbased AI software firm Monolith have established a collaboration. With intentions t

To improve electric car battery packs throughout Europe, Nio and UKbased AI software firm Monolith have established a collaboration. With intentions to extend to China and enable interaction with other Chinese manufacturers, the partnership intends to start testing in five European markets. Monolith focuses on battery development and uses machine learning algorithms to close the gap between Western automakers and their Chinese rivals. Monolith works with leading manufacturers such as MercedesBenz, BMW, and Honda. With only a few minutes, consumers may evaluate the performance and endurance of batteries in realtime by using Nios unique batteryswapping service. With the help of investors like Pentech and Insight Partners, Monolith has raised about $22 million in capital. Read More..

B2B Tech News | 19 days ago         

Raspberry Pi Unveils AI Camera for Advanced Visual Data Projects at $70

Designed for artificial intelligence AI projects and processes, Raspberry Pi has introduced the AI Camera, which lets users use external AI accelerato

Designed for artificial intelligence AI projects and processes, Raspberry Pi has introduced the AI Camera, which lets users use external AI accelerators like the Raspberry Pi AI Kit. The AI Camera, which retails for $70 in the United States and ₹7,899 backordered in India, has a 12megapixel Sony IMX500 Intelligent Vision Sensor that can record visual data at ten frames per second with a resolution of 4056 x 3040. It works with every Raspberry Pi model and combines improved picture processing with the camera software stack integration. The AI Camera is perfect for projects needing sophisticated visual data gathering and processing since it supports neural network frameworks like TensorFlow and PyTorch. Applications range from augmented reality to robots driven by AI. Read More..

B2B Tech News | 19 days ago         

Blackstone Announces £10 Billion AI Data Center Investment in Northeast England

The British Prime Ministers Office stated that U.S. private equity giant Blackstone has confirmed an investment of £10 billion $13.3 billion in an ar

The British Prime Ministers Office stated that U.S. private equity giant Blackstone has confirmed an investment of £10 billion $13.3 billion in an artificial intelligence data centre in northeast England. 1,200 of the 4,000 jobs this project will create—construction on the site will start next year. Originally planned to house an electric car battery plant before the demise of the Britishvolt venture, the data centre will be situated on a previously abandoned site in Blyth, Northumberland. A further indication of Blackstones commitment to the regions economic growth is its intention to donate £110 million to support local skill training and transit infrastructure. Read More..

B2B Tech News | 25 days ago         

Orange Announces Plans to Delist from NYSE to Streamline Operations

Citing the cost of the secondary listing, French telecom operator Orange declared its plan to remove its shares from the New York Stock Exchange NYSE.

Citing the cost of the secondary listing, French telecom operator Orange declared its plan to remove its shares from the New York Stock Exchange NYSE. The board of directors decided to streamline internal operations and increase efficiency by lowering the substantial financial and administrative burden associated with preserving the SEC registration and NYSE listing. Orange promised that the delisting would not impact its partners, customers, or market share in the United States. To further streamline its operations, the business also intends to deregister two debt instruments previously issued on the NYSE. Read More..

B2B Tech News | 26 days ago         



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Refresh Your Facts

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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