Header-template

Global News

Australia/Oceania

Singtel Denies Imminent Deal to Divest Optus Amid Reports of Stake Sale Talks

Singtel, the biggest telecom company in Southeast Asia, reaffirmed that no agreement to sell its Australian division Optus was forthcoming. There have

Singtel, the biggest telecom company in Southeast Asia, reaffirmed that no agreement to sell its Australian division Optus was forthcoming. There have been rumours of discussions on a large share sale with Brookfield in Canada, but Singtel has refuted these reports. After negotiations broke up over differences in price and value, trade ceased. Half of Singtels business comprises its Optus and Singaporean operations the other half comprises minority investments in telecom companies, including Globe Telecom, Telkomsel, and Bharti Airtel. It is recommended that shareholders exercise caution in response to media reports until clear pronouncements are made. Before this, Optus was fined and subject to criticism after a network outage that impacted millions of Australians. Read More..

B2B Tech News | 11 days ago

Australias Reserve Bank Flags Ongoing Challenges in Financial Stability Review

In its semiannual Financial Stability Review, the Reserve Bank of Australia projects that highinterest rates and inflation will continue to be a probl

In its semiannual Financial Stability Review, the Reserve Bank of Australia projects that highinterest rates and inflation will continue to be a problem for companies and families. The RBA acknowledged the tenacity of these industries but also highlighted persistent difficulties, which are reflected in its decision to maintain stable interest rates and abandon its tightening bias. Although there were worries about family finances, there was some solace in recent statistics indicating a decline in the jobless rate. According to the RBAs scenario study, most borrowers could cope even with an interest rate hike of 50 basis points. Even if a surge in loan defaults is anticipated, Australian banks are seen to be wellprepared. The assessment also emphasised foreign risks, highlighting the interdependence of Australias financial system with the possible consequences of vulnerabilities in Chinas real estate industry and global commercial real estate markets. Read More..

B2B Tech News | 1 months ago

New Zealand Enters Second Recession in 18 Months as GDP Contracts

With a decrease in the economy during the last quarter of 2023, the latest GDP numbers officially mark the formal start of New Zealands second recessi

With a decrease in the economy during the last quarter of 2023, the latest GDP numbers officially mark the formal start of New Zealands second recession in 18 months. According to Stats NZ, the GDP shrank by 0.1% and per capita GDP decreased by 0.7% during the December quarter. With a 0.3% decline in the September quarter, this is the nations second recession in the last eighteen months. Just 0.6% yearly growth is stagnating, indicative of the challenging economic environment. Record migration, with 141,000 new arrivals in 2023, has supported the economy. David Seymour, the minister of regulations, does, however, expect budget cuts in reaction to the recession. Read More..

B2B Tech News | 1 months ago

Australia Launches TradeBoosting Program for Southeast Asia, Malaysia Among First Recipients

Don Farrell, Australias Minister of Trade and Tourism, stated that Malaysia will be among the first countries to benefit from Australias governments n

Don Farrell, Australias Minister of Trade and Tourism, stated that Malaysia will be among the first countries to benefit from Australias governments new tradeboosting initiative for Southeast Asia. The programme, which focuses on trade prospects, especially in the transition to sustainable energy, will launch next month with visits to Singapore and Malaysia. The AustraliaSoutheast Asia business exchange, which has invested more than AU$19 million, seeks to promote direct communication between Australian companies and the area. Even though Southeast Asia has a sizable market, only around 30% of Australias overall exports go to this region. In addition to highlighting the regions many potentials, ASEAN SecretaryGeneral Kao Kim Hourn emphasised the importance of sustainability initiatives and the quest for carbon neutrality as critical tactics for the regions economic development. Read More..

B2B Tech News | 1 months ago

Australia and India to Ink Interim Trade Deal, Easing Tariffs on Key Exports

Amid tense relations with China, Australia and India are scheduled to strike a temporary trade agreement to strengthen economic ties. Under the agreem

Amid tense relations with China, Australia and India are scheduled to strike a temporary trade agreement to strengthen economic ties. Under the agreement, Australian products such as lamb, wool, and rock lobsters would have their tariffs swiftly lowered, and Indian goods are anticipated to enter Australia dutyfree. Australias wine and dairy industries are anticipated to experience progressive tariff reductions as part of the agreement, which delivers immediate advantages for industries including agriculture and mining. Increased access for Indian professionals and students in specific fields is another deal component. The signing establishes the framework for future negotiations on a comprehensive free trade agreement. It represents a significant step to improving bilateral commercial ties. Read More..

B2B Tech News | 1 months ago

Vietnam and Australia to Sign MoU on Energy and Mineral Cooperation

A Memorandum of Understanding MoU on energy and mineral cooperation will be signed by Vietnam and Australia during the visit of Vietnamese Prime Minis

A Memorandum of Understanding MoU on energy and mineral cooperation will be signed by Vietnam and Australia during the visit of Vietnamese Prime Minister Pham Minh Chinh to Melbourne, according to an announcement by the Ministry of Industry and Trade of Vietnam. The two nations cooperation in the energy and mining industries will be improved under the MoU. In particular, the deal will make it easier for Australia to export coal and LNG to Vietnam. Australia now supplies 44% of Vietnams total coal imports, making it a significant coal supplier. This alliance emphasises how crucial bilateral cooperation is to supplying Vietnams energy demands and advancing the two countries economic relations. Read More..

B2B Tech News | 1 months ago

Renesas Electronics to Acquire Altium for $5.9 Billion to Strengthen Automotive Chip Offerings

Renesas Electronics declared that it will pay $5.9 billion in cash to acquire the electronics design company Altium to improve the digital device desi

Renesas Electronics declared that it will pay $5.9 billion in cash to acquire the electronics design company Altium to improve the digital device design services it provides to clients, especially in the automotive chip industry. Renesas, wellknown for supplying chips to automakers such as Nissan and Toyota, is attempting to broaden its scope by incorporating Altiums digital circuit board design tools. Expected to be completed in the second part of the year, subject to shareholder and regulatory clearance, both boards authorised the acquisition. Following the announcement, Altiums share price increased by 28%, indicating that the market was confident about the purchase. Renesas calculated action fits in with Japans expanding outward mergerandacquisition trend, which is fueled by initiatives to improve the countrys competitiveness and supply chain resilience globally. Read More..

B2B Tech News | 2 months ago

Eagers Automotive Investigates Alleged Data Breach, Assures Ongoing Monitoring

On Friday, Eagers Automotive, an Australian shop, declared that it had received reports from a third party claiming to have uploaded data purportedly

On Friday, Eagers Automotive, an Australian shop, declared that it had received reports from a third party claiming to have uploaded data purportedly acquired from the companys servers to the internet. The business said it is looking into the allegation, evaluating the exposed data, and getting in touch with the impacted people. Eagers Automotive further stated that it continues to keep an eye out for any new allegations about the datas release. But when Reuters asked the Brisbanebased business for more details on the data type that had been disclosed, they waited to reply immediately. A cyber issue that affected Eagers Automotives operations in Australia and New Zealand in December affected the completion of several automobile transactions. According to an inquiry, a third party had gained unauthorised access to several of its IT systems. The business declared that the operational impact of the IT outages has mainly been mitigated, and it does not expect a significant financial impact Read More..

B2B Tech News | 2 months ago

Get The News to use newsletter to stay
on top of shifting Technology News Updates!!

Get Latest News To Your Inbox, Subscribe To Our Newsletter.

By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.

Take a break, Play Suduko!

Refresh Your Facts

1. Global online sales are predicted to reach 22% of all retail sales in 2023.
1808

2. Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
1697

3. Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
2006

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.
2188

5. Approximately 8 billion gadgets connect on the internet every day.
3178

Sharpen your mind and memory!

Play Mind Game

Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.

Benchmark Reports

News Sites and Consultants

12 votes, Poll active

Footer-template

We take pleasure in providing the most up-to-date business and technology news, tailored for a seamless experience with content that takes less than one minute to read.

Quick Links

News

Knowledge Center

About Us

Follow Us

Contact Us

7 Bell Yard, London, WC2A 2JR.

info@b2btechnews.com

+1 (559) (869) (8939)