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India–UK FTA Set for July Signing, Aims to Double Trade to $120 Billion by 2030

The free trade agreement FTA between India and the UK is anticipated to be signed by July 2025, following the conclusion of discussions in May. Sunil

The free trade agreement FTA between India and the UK is anticipated to be signed by July 2025, following the conclusion of discussions in May. Sunil Barthwal, the Indian Commerce Secretary, is in London with a legal team to finish the final texts legal examination. The deal intends to reduce levies on UK items like cars and Scotch whisky and remove tariffs on Indian exports like leather, textiles, and footwear in order to quadruple bilateral trade to $120 billion by 2030. Prior to implementation, which is anticipated to occur in mid to late 2026, the agreement must be approved by both governments after it is signed. After more than three years of discussions, this represents the expanding IndiaUK partnership in the face of altering global trade alliances. Read More..

B2B Tech News | 10 days ago         

Amazon Commits $54 Billion to UK Expansion With New Fulfillment Hubs and Data Centers

One of Amazons biggest overseas promises is a $54 billion investment in the UK over the next three years. The plan calls for renovating more than 100

One of Amazons biggest overseas promises is a $54 billion investment in the UK over the next three years. The plan calls for renovating more than 100 operations facilities across the country, expanding current locations in Hull and Northampton, and constructing two new fulfilment centres in the East Midlands by 2027. Additionally, Amazon plans to expand its headquarters in London, build additional delivery stations, improve its transportation infrastructure, and renovate the Bray Film Studios in Berkshire. Prime Minister Keir Starmer lauded the investment as a "massive vote of confidence." It is part of the £8 billion AWS data centre plan announced in 2024 and would create thousands of jobs, making the UK Amazons thirdlargest market after the U.S. and Germany. Read More..

B2B Tech News | 10 days ago         

Italy’s iRonCub3 Becomes World’s First JetPowered Flying Humanoid Robot

Developed by the Italian Institute of Technology IIT, the iRonCub3 is the first flying humanoid robot powered by a jet. The 70kg craft hovers and mano

Developed by the Italian Institute of Technology IIT, the iRonCub3 is the first flying humanoid robot powered by a jet. The 70kg craft hovers and manoeuvres in midair using a realtime AI control system and four microjet turbines, two on its arms and two on its back. It rose 50 centimetres off the ground in recent tests, remaining stable even when windy. The iRonCub3s humanlike structure and movable limbs presented special aerodynamic issues that were addressed using neural networkbased controllers that were trained on both simulated and realworld data, in contrast to drones. Designed for hazardous inspections, search and rescue, and manoeuvring through intricate indoor areas, the robot is reinforced with titanium to endure the exhaust heat of 800°C. Read More..

B2B Tech News | 12 days ago         

IndiaUK FTA Sealed Over Ice Cream, Set to Double Trade to $120 Billion by 2030

During a casual stroll in Londons Hyde Park on May 2, 2025, India and the UK finalised their longawaited Free Trade Agreement FTA. UK Secretary Jonath

During a casual stroll in Londons Hyde Park on May 2, 2025, India and the UK finalised their longawaited Free Trade Agreement FTA. UK Secretary Jonathan Reynolds also gave Indian Commerce Minister Piyush Goyal a chocolate ice cream. Goyal described the accord as a “balanced agreement” that will quadruple bilateral trade to $120 billion by 2030 when he shared the story during the India Global Forum’s UKIndia Week. The Double Contribution Convention DCC, which was included in the FTA and finalised on May 6, exempts temporary employees from paying duplicate social security levies. Goyal compared the FTA to a "good marriage," highlighting its longterm advantages for bilateral commerce, investment, and joint ventures. Read More..

B2B Tech News | 15 days ago         

EIB Launches €70 Billion Tech EU Program to Boost European Innovation

As part of its new Tech EU initiative, the European Investment Bank EIB will invest €70 billion between 2025 and 2027 to support Europes technology

As part of its new Tech EU initiative, the European Investment Bank EIB will invest €70 billion between 2025 and 2027 to support Europes technology sector. It will be divided into €20 billion for equity and quasiequity, €40 billion for loans, and €10 billion for guarantees, with the goal of securing an extra €250 billion in private investment. Targeting crucial sectors like as AI, digital infrastructure, robots, green tech, supercomputing, and advanced materials, the effort helps Europe compete with China and the U.S. in clean and digital innovation. The European Commissions efforts to assist highrisk businesses from proof of concept to IPO are complemented by it. Read More..

B2B Tech News | 15 days ago         

UK Economy Shrinks by 0.3% in April as Services and Production Decline

After growing by 0.2% in March 2025, the UK GDP shrank by 0.3% in April 2025, according to the Office for National Statistics ONS. While construction

After growing by 0.2% in March 2025, the UK GDP shrank by 0.3% in April 2025, according to the Office for National Statistics ONS. While construction expanded by 0.9%, the dip was mostly caused by a 0.4% drop in services output and a 0.6% drop in manufacturing. Citing U.S. tariffs as a possible drag on British output, the Bank of England lowered its 2026 growth prediction to 1.25%. The increase of the services sector helped the GDP grow by 0.7% in the three months leading up to April, despite the monthly decrease. Read More..

B2B Tech News | 15 days ago         

India and EU Finalize Five Key Chapters in Free Trade Agreement Negotiations

Five chapters of the free trade agreement FTA negotiations between India and the EU have been completed. These chapters address intellectual property,

Five chapters of the free trade agreement FTA negotiations between India and the EU have been completed. These chapters address intellectual property, trade facilitation and customs, transparency, good regulatory practices, and mutual administrative assistance. During the May 12–16 talks in New Delhi, the EU suggested online applications and the accreditation of EU Conformity Assessment Bodies as ways to streamline certification procedures under Indias Quality Control Orders QCOs. Both parties hope to finalise the FTA by the end of 2025, and the 12th round of negotiations is set for July in Brussels. Read More..

B2B Tech News | 15 days ago         

ECB Cuts Interest Rates to 2% as Inflation Falls Below Target

After a peak of 4% in 2023–2024, the European Central Bank ECB lowered its benchmark deposit rate to 2% for the seventh time. Amid a declining Euroz

After a peak of 4% in 2023–2024, the European Central Bank ECB lowered its benchmark deposit rate to 2% for the seventh time. Amid a declining Eurozone economy and trade concerns with the United States, the move attempts to boost consumers and businesses. ECB President Christine Lagarde stressed that there is still an opportunity for additional easing because inflation has dropped to 1.9%, which is below the 2% target. Inflation is expected to return to 2% by 2027, although the ECB also lowered its 2026 inflation projection to 1.6%. Because of the uncertainties surrounding U.S. trade policies, the ECB is still cautious, even if analysts expect more rate reductions. Read More..

B2B Tech News | 15 days ago         



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