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Senegal Launches Inaugural Offshore Oil Project at Sangomar Fields

Senegals first offshore oil project, Woodside Energy, has gone into production, a significant development for the countrys economic future. The projec

Senegals first offshore oil project, Woodside Energy, has gone into production, a significant development for the countrys economic future. The project, situated near the Sangomar oil resources 100 kilometres offshore, aims to produce 100,000 barrels of oil per day. This comes after Senegals successful exploration campaign in 2014, which sparked expectations for significant financial advantages from oil and gas extraction. Nonetheless, with a new administration taking office this year, there is a renewed emphasis on amending current agreements with foreign companies that have been judged unfavourable. President Bassirou Diomaye Faye strongly emphasises openness and plans to audit the mining, oil, and gas industries to guarantee that Senegal receives equitable advantages. Read More..

B2B Tech News | 6 days ago      

President Tinubu Vows to Push Ahead with Economic Reforms Despite Challenges

President Bola Tinubu of Nigeria acknowledged the countrys difficulties but reiterated his commitment to economic reforms in his Democracy Day speech.

President Bola Tinubu of Nigeria acknowledged the countrys difficulties but reiterated his commitment to economic reforms in his Democracy Day speech. After taking office for a year, Tinubu spoke about the difficulties brought on by recent policy adjustments, such as eliminating fuel subsidies and currency depreciation, which increased inflation to more than 33% by April. He underlined how necessary these measures are to solve persistent economic problems and build a strong basis for future expansion. According to Tinubu, a new minimum salary will also be implemented as part of more significant initiatives to guarantee equitable pay and economic opportunities for all Nigerians. He promised that as his administration pursues its reform programme, it would continue to be receptive to public concerns. Read More..

B2B Tech News | 6 days ago      

Australian Labor Market Surges Adds 39,700 Jobs in May

With 39,700 new jobs added in May, Australias labour market outperformed forecasts, particularly in fulltime employment, which increased by 41,700. In

With 39,700 new jobs added in May, Australias labour market outperformed forecasts, particularly in fulltime employment, which increased by 41,700. In keeping with expectations, the unemployment rate decreased from 4.1% to 4.0%, and the participation rate was steady at 66.8%. Despite these encouraging signs, the Reserve Bank of Australia is anticipated to keep interest rates at 4.35% at its next meeting to promote economic stability in the face of inflation worries. Policy circles were cautiously optimistic, with the economy expanding by barely 0.1% in the first quarter of 2024. According to market opinion, interest rate decreases are expected to be postponed until mid2025, which reflects confidence in the labour markets ability to withstand inflationary pressures and persistent economic difficulties. Read More..

B2B Tech News | 6 days ago      

Samsung Electronics to Streamline AI Chip Manufacturing, Integrating Memory, Foundry, and Packaging

Samsung Electronics aims to simplify producing AI chips by merging its foundry, memory chip, and chip packaging businesses. To take advantage of the a

Samsung Electronics aims to simplify producing AI chips by merging its foundry, memory chip, and chip packaging businesses. To take advantage of the artificial intelligence boom, this onestop shop will save manufacturing time by 20%. At a San Jose event, President Siyoung Choi discussed the revolutionary effects of generative AI on technology and predicted that the worldwide semiconductor industry will generate $778 billion in sales by 2028. Samsung has an advantage over rivals thanks to its unique mix of services and cuttingedge chip design, including gateallaround GAA transistors. The business has announced a 2nanometer chipmaking method for highperformance computing by 2027. It expects to massproduce its secondgeneration 3nanometer devices utilising GAA in late 2024. Read More..

B2B Tech News | 6 days ago      

Amazon and Vrio to Launch Satellite Internet Service in Seven South American Countries by 2025

By the middle of 2025, seven South American nations—Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, and Colombia—will get satellite internet ser

By the middle of 2025, seven South American nations—Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, and Colombia—will get satellite internet service from Amazon and Vrio. The programme will use Project Kuiper from Amazon to launch 3,236 lowEarth orbit satellites. Managing DirecTV Latin America and Sky Brasil, Vrio seeks to close the 200 million individuals in the region who do not have sufficient internet connection. With Project Kuiper, Amazon has invested $10 billion to ensure that all people have access to the internet, no matter where they live. The alliance aims to boost connection in disadvantaged areas by addressing the regions rugged topography and infrastructural restrictions. Read More..

B2B Tech News | 6 days ago      

Google Partners with NV Energy to Power Nevada Data Centers with Geothermal Electricity

Google and NV Energy, a Berkshire Hathaway electric provider, have reached an arrangement for Google to use cuttingedge geothermal electricity to powe

Google and NV Energy, a Berkshire Hathaway electric provider, have reached an arrangement for Google to use cuttingedge geothermal electricity to power its data centres in Nevada. This agreement intends to boost Googles operations geothermal power supply from 3.5 megawatts to 115 megawatts over six years, subject to state utility regulators approval. This action demonstrates Googles commitment to being carbonfree. It advances the companys aim of being entirely powered by clean energy by 2030. About obtaining power in regulated markets, the cooperation with NV Energy offers a unique option for businesses with significant energy consumption and climate ambitions. This strategy can impact pricing structures such as the Clean Transition Tariff and powergenerating resource planning. Read More..

B2B Tech News | 6 days ago      

Bureau and M2P Fintech Partner to Enhance Security for Digital Transactions

To improve security for digital transactions, M2P Fintech, a supplier of digital banking infrastructure, has teamed with Bureau, a fraud prevention an

To improve security for digital transactions, M2P Fintech, a supplier of digital banking infrastructure, has teamed with Bureau, a fraud prevention and identity decisioning platform. This agreement combines M2P Fintechs fraud and risk management solutions with the Bureaus device intelligence and behavioural biometrics. By embracing "inherencebased" transaction authentication, as supported by the Reserve Bank of India, the alliance seeks to go beyond conventional OTP verification techniques. Through proactive user and device authentication, our system improves defences against new fraud trends. By years end, the partnership—already adopted by significant Asian banks—aims to track more than 100 million monthly transactions. Read More..

B2B Tech News | 6 days ago      

HCLTech and Olympus Corporation Expand Partnership to Enhance Healthcare with Advanced Engineering Technologies

Global technology pioneer HCLTech and MedTech behemoth Olympus Corporation are deepening their strategic alliance to improve healthcare with cuttinged

Global technology pioneer HCLTech and MedTech behemoth Olympus Corporation are deepening their strategic alliance to improve healthcare with cuttingedge engineering solutions. HCLTech intends to leverage its AI technologies and engineering experience to expedite Olympus product development. By July 2024, Olympus plans to have a dedicated product innovation centre in Hyderabad, India, to serve its activities in the US, Europe, the Middle East, and Africa. This tenyear collaboration aims to support Olympuss commercial growth and technological innovations in the medical field. Executives from both organisations conveyed optimism that this partnership will spur inventions and enhance healthcare via technology. Read More..

B2B Tech News | 6 days ago