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GLOBAL NEWS

A new UK partnership to combat climate change in the Caribbean and Latin America.

The UK has joined the private sector arm of the largest development bank in Latin America and the Caribbean in a move intended to support the UKs effo

The UK has joined the private sector arm of the largest development bank in Latin America and the Caribbean in a move intended to support the UKs efforts to combat climate change and reduce poverty. IDB Invest is a subsidiary of the InterAmerican Development Bank Group IDB Group, which emphasises private sector development. With the UK Sustainable Infrastructure Programme UKSIP, which assists Mexico, Colombia, Peru, and Brazil in reducing their emissions and making the switch to sustainable infrastructure, the UK and IDB Invest will strengthen their current collaboration. For the building of two solar power plants and the acquisition of 400 electric buses, private funding for UKSIP support for IDB Invest projects is anticipated to total around £ 150 million. Electric green buses should save 500,000. Read More..

B2B Tech News | 7 months ago      

European startups require their own Nasdaq to compete with Silicon Valley.

Why European tech firms cant compete with Silicon Valley titans is a mystery that Phill Robinson is attempting to answer. In order to replicate the ne

Why European tech firms cant compete with Silicon Valley titans is a mystery that Phill Robinson is attempting to answer. In order to replicate the network effects of Silicon Valley, he established Boardwave, a networking platform that seeks to transform Europe into a software superpower. On March 30, he revealed one of his most audacious ideas at TNW Valencia building a panEuropean version of Nasdaq, the top market for IT stocks in the world. There is a significant exit gap between European and US enterprises as a result of investors lack of expertise, knowledge, and understanding of software. Arms flotation ambitions serve as a bitter illustration of this, as the British chip maker plans to ignore requests from the UK government to list in London and instead float in New York. Read More..

B2B Tech News | 7 months ago      

South Africa has new laws governing packaging and plastics.

In an effort to crack down on packaging that makes nebulous promises about being environmentally safe, the South African Bureau of Standards SABS is e

In an effort to crack down on packaging that makes nebulous promises about being environmentally safe, the South African Bureau of Standards SABS is establishing new certification rules for plastics in South Africa. The new laws clearly warn against making general environmental claims such as environmentally safe, environmentally friendly, earth friendly, nonpolluting, green, ozone friendly, plastic free, etc., according to Dr. Sadhvir Bissoon, the interim CEO of the Bureau. Manufacturers who want to make the claim that their plastic packaging is biodegradable must subject the packaging to the necessary certification and testing procedures. According to the new standard, known as South African National Standard SANS 1728, the plastic material used in the packaging must be identified on the container using a code from Read More..

B2B Tech News | 7 months ago      

At its meeting, the Volkswagen board talks about two new plants in North America, according to sources.

Volkswagens supervisory board will meet to discuss plans for two new North American factories, one for production and one for battery cells. The commi

Volkswagens supervisory board will meet to discuss plans for two new North American factories, one for production and one for battery cells. The committee is expected to approve a Scout brand site in the United States, but discussions about a gigafactory remain open. Earlier this week, a person familiar with the situation said the supervisory board would discuss a new plant for the Scout brand, which is an important part of Volkswagens goal of gaining a 10% market share in the United States. In December, Volkswagen CEO Oliver Blume announced that the automaker had begun looking for a location in North America for a battery cell factory. Read More..

B2B Tech News | 7 months ago      

Ford establishes a new division to develop driving technology with some autonomy.

Ford Motor is forming a new unit to focus on semiautonomous features and is hiring roughly onequarter of the workforce from its former selfdriving aff

Ford Motor is forming a new unit to focus on semiautonomous features and is hiring roughly onequarter of the workforce from its former selfdriving affiliate Argo AI. The wholly owned subsidiary, Latitude AI, will be based in Pittsburgh and will focus on developing a handsfree, eyesofftheroad automated driving system for millions of vehicles. Workers will concentrate on technology such as BlueCruise, the automakers handsfree driving feature that has logged more than 50 million miles of use. Ford and Volkswagen abandoned Argo after determining that it would take too long to see a return on their billions of dollars invested in the selfdriving startup. Argo employed over 2,000 people as of July of last year. Read More..

B2B Tech News | 7 months ago      

In order to ensure contract compliance, Profectus partners with Transport for NSW.

Profectus Group, a technologydriven compliance and recovery solutions provider, has signed an agreement with Transport for NSW New South Wales to assi

Profectus Group, a technologydriven compliance and recovery solutions provider, has signed an agreement with Transport for NSW New South Wales to assist the organisation in streamlining the compliance of complex supplier contracts. The agreement includes an initial plan for 20 of TfNSWs largest suppliers to verify contract compliance. Profectus is the industry leader in automated compliance, audit, and recovery solutions, with over 20 years of experience providing audit services and compliance technologies to global and large organisations. The payperclaim audit model ensures ROI for clients while also preventing financial erosion. Contract and invoice compliance audit solutions use data sources, supplier agreements, and rate cards to identify errors, duplicates, and overpayments. Accounts payable compliance technology is a platform for invoice intelligence. Read More..

B2B Tech News | 7 months ago      

For the CBDC pilot program in Australia, RBA has released use cases.

The Reserve Bank of Australia RBA has announced a research collaboration with the Digital Financial Cooperative Research Centre DFCRC to investigate p

The Reserve Bank of Australia RBA has announced a research collaboration with the Digital Financial Cooperative Research Centre DFCRC to investigate potential CBDC use cases in Australia. The project will include selected industry participants and will investigate several use cases in a limitedscale pilot CBDC that is a genuine digital claim on the Reserve Bank. Corporate bond settlement, tokenised foreign exchange settlement, GST automation, CBDC custodial models, livestock auction, high quality liquid assets securities trading, interoperable CBDC for trusted web3 commerce, funds custody, construction payments, and tokenised bills are among the use cases. The pilot and larger research study will serve two purposes it will help industry gain handson experience, and it will help policymakers understand how a CBDC could work. Read More..

B2B Tech News | 7 months ago      

With a licensing offer, Microsoft is poised to secure EU approval for Activision.

Microsoft Corp is expected to secure EU antitrust approval for its $69 billion acquisition of Activision by offering licencing deals to competitors, a

Microsoft Corp is expected to secure EU antitrust approval for its $69 billion acquisition of Activision by offering licencing deals to competitors, according to three people familiar with the matter. Microsoft President Brad Smith said last month that the company was ready to offer rivals licencing deals to address antitrust concerns, but that it would not sell Activisions lucrative Call of Duty franchise. Microsoft has signed 10year licencing deals with Nintendo and Nvidia to bring Call of Duty to their respective gaming platforms, with the agreements contingent on the Activision deal being approved. The deal faces regulatory challenges in the United Kingdom, where the UK Competition Commission has suggested that Microsoft divest Call of Duty, and in the United States, where the FTC has requested that Microsoft divest Call of Duty. Read More..

B2B Tech News | 7 months ago