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GLOBAL NEWS

China Seeks to Boost African Imports of EVs and Solar Panels at Beijing Summit

China hopes to increase African imports of its commodities, incredibly cuttingedge technology like solar panels and electric vehicles EVs, before West

China hopes to increase African imports of its commodities, incredibly cuttingedge technology like solar panels and electric vehicles EVs, before Western export curbs take effect during this weeks Forum on ChinaAfrica Cooperation Summit in Beijing. African leaders will be shown the chance to use green energy by Chinese President Xi Jinping. Still, they will also expect action on unfulfilled promises from the 2021 summit, such as an unfinished infrastructure project and a $300 billion pledge for commodities acquisition. Chinas move from largescale projects to investments in technology and green energy indicates its aim to focus on emerging markets and overcome trade hurdles with the West. Even though Beijing plays a significant role in commerce and finance, there are doubts about its readiness to provide more money in light of Africas chronic debt problems. Read More..

B2B Tech News | 1 months ago      

South Koreas Inflation Eases to 2.0% in August, Aligning with Central Banks Target

In August, consumer inflation in South Korea decreased to 2.0%, which was in line with the central banks 2% objective and was the lowest annual growth

In August, consumer inflation in South Korea decreased to 2.0%, which was in line with the central banks 2% objective and was the lowest annual growth in over 3.5 years. Given that GDP concerns are overshadowing inflation, this slowdown from Julys 2.6% reinforces market predictions for a potential rate decrease by the Bank of Korea as early as October. Vice Finance Minister Kim Beomseok stated that inflation is predicted to stabilise at the lower 2% level, barring unanticipated surprises. The core CPI, which does not include food and energy, grew by 2.1% yearly, signalling a decline from the previous month. The monthly CPI jumped by 0.4%, the most significant gain in six months. After the report, Treasury bond rates marginally dropped. Read More..

B2B Tech News | 1 months ago      

Russias Trade with India Hits $65 Billion in 2023 Amid Surge in Oil Exports

The deputy CEO of Sberbank, Anatoly Popov, claims that bilateral transfers between Russia and India are easy and flourishing. Due largely to increasin

The deputy CEO of Sberbank, Anatoly Popov, claims that bilateral transfers between Russia and India are easy and flourishing. Due largely to increasing oil shipments after Western sanctions, Russias commerce with India reached a record $65 billion in 2023. Unlike other partners, Sberbank, which handles up to 70% of Russian exports to India, has not reported any problems with rupee transactions. With a 150% increase in employees at its offices in Delhi, Mumbai, and Bangalore, the bank has increased its footprint in India. While the rupee excess issue has been rectified, Popov pointed out that India has to increase its exports to Russia tenfold. Without using foreign currency, the existing system enables effective roublerupee exchanges. Read More..

B2B Tech News | 1 months ago      

Brazils Finance Ministry to Propose New Tax Measures to Address Revenue Shortfalls

To reach the budgetary objective for 2025 and solve any potential income shortfalls, Brazils Finance Ministry intends to submit additional tax measure

To reach the budgetary objective for 2025 and solve any potential income shortfalls, Brazils Finance Ministry intends to submit additional tax measures to Congress this year. As suggested by Brazils status as G20 chair in global tax negotiations, the suggestions include taxing big tech businesses and imposing a minimum global tax of 15% on multinationals. With 17.9 billion reais in additional income tax receipts, the 2025 budget draft estimates a primary surplus of 3.7 billion reais. Moreover, the administration hopes to generate an additional 58.5 billion real through tax talks and dispute settlement initiatives. A primary deficit of around 0.76% of GDP is anticipated for 2025, compared to the zero deficit aim, but analysts are still determining. Read More..

B2B Tech News | 1 months ago      

New Zealand Faces Economic Policy Challenges Due to Data Delays

Significant delays in official economic statistics have made it difficult for New Zealand to make economic policy, as evidenced by the recent surprise

Significant delays in official economic statistics have made it difficult for New Zealand to make economic policy, as evidenced by the recent surprise rate drop of the Reserve Bank of New Zealand RBNZ, which came one year ahead of schedule. The nations quarterly reporting of consumer price indices CPI impedes the Reserve Bank of New Zealands ability to identify patterns in inflation rapidly. As seen by the rate decrease in August after fasterthanexpected softening in inflation statistics, this lag has made it more difficult for the RBNZ to make timely monetary policy choices. Better economic decisionmaking requires more timely and reliable data, even if Stats NZ is modernising its datagathering methods and has raised its funding by 60% since 2020. Read More..

B2B Tech News | 1 months ago      

WhatsApp Launches Free Meta AI Voice Mode for Android Users

Coming soon to Android users, WhatsApps Meta AI Voice Mode will enable twoway, interactive chats with its AI chatbot. Users may interact with Meta AI

Coming soon to Android users, WhatsApps Meta AI Voice Mode will enable twoway, interactive chats with its AI chatbot. Users may interact with Meta AI using voice instructions thanks to this functionality, which is available in beta version 2.24.18.18. You may use the Meta AI button or the waveform icon next to the text field on the interface to switch on voice mode. It is unknown what language support is available, but users may also have access to 10 distinct voices, ranging in gender, accent, and tone. This free functionality would distinguish WhatsApp from services like Googles Gemini Live and OpenAIs ChatGPT Voice Mode, which are presently exclusive to paying users. Read More..

B2B Tech News | 1 months ago      

IndiGo Achieves Major Digital Milestone with Successful Cloud Migration in Under 18 Months

In less than 18 months, IndiGo, the top airline in India, successfully finished its largescale cloud migration project, representing a significant tur

In less than 18 months, IndiGo, the top airline in India, successfully finished its largescale cloud migration project, representing a significant turning point in its digital transformation. IndiGo has dramatically improved scalability, performance, and customer service agility by moving all data centre workloads to the cloud. With this calculated action, the airline puts itself at the forefront of aviation technology. IndiGos Chief Digital and Information Officer, Neetan Chopra, emphasised that the migrations success increases creativity and agility while enhancing service delivery. To ensure IndiGos continuous leadership and ability to adjust to market changes, the move also paves the way for cuttingedge technology like artificial intelligence, machine learning, and data analytics. Read More..

B2B Tech News | 1 months ago      

Qualcomm Unveils Snapdragon 6 Gen 3 Enhanced Performance and AI Capabilities

The performance of the Snapdragon 6 Gen 1 mobile processor has been improved by Qualcomms newest, the Snapdragon 6 Gen 3, which was secretly released.

The performance of the Snapdragon 6 Gen 1 mobile processor has been improved by Qualcomms newest, the Snapdragon 6 Gen 3, which was secretly released. The new chip claims 10% more CPU power and 20% more AI capability. Its eightcore Kryo CPU, which can reach 2.4GHz at its fastest, LPDDR5 RAM, fullHD displays with refresh rates of 120Hz, and an improved Adreno GPU are all supported by this 4nanometer processor. Along with supporting cameras up to 200 megapixels, the chipset also has powerful communication capabilities, including Bluetooth 5.2 and WiFi 6E. The Snapdragon 4s Gen 2 SoC was introduced in July, and this release comes after. Read More..

B2B Tech News | 1 months ago