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GLOBAL NEWS

For the first time, Telstra Wholesale and Aussie Broadband fiber reached 400Gbps of live traffic.

Since December, Telstra Wholesale has been collaborating with Aussiebroadband to test the delivery of live 400GE client services on two distinct links

Since December, Telstra Wholesale has been collaborating with Aussiebroadband to test the delivery of live 400GE client services on two distinct links between Sydney and Melbourne. The upgrade will allow Aussie Broadband to increase capacity by up to 400%, opening the door to new and exciting opportunities. Aussie Broadbands new 400Gbps services are currently being tested and will be available to all customers in April of this year. The increased capacity enables Aussie to better handle localised content network outages. In 2023, Telstra Wholesales 400Gps Wavelength Services will be available on other intercapital routes. Read More..

B2B Tech News | 1 months ago      

The attempt by Meta to stop a Kenyan exploitation case is unsuccessful.

Today, a Kenyan judge denied Metas application to be struck from the case it and Sama, its primary subcontractor for content moderation in Africa, wer

Today, a Kenyan judge denied Metas application to be struck from the case it and Sama, its primary subcontractor for content moderation in Africa, were named in last year. By asserting that it is a foreign corporation and that Kenya lacks the authority to decide the case against it, Meta had sought to separate itself from the controversy. The complete decision is expected to be released today or tomorrow. He alleges that Sama mistreated content moderators rights to proper mental health care and exposed them to unfair work practises. Samas responsibility is to take down anything that incites hatred, lies, and violence from social media sites like Facebook, Instagram, WhatsApp, and Messenger. Read More..

B2B Tech News | 1 months ago      

Binance buys the majority of GOPAX, a Korean cryptocurrency exchange.

Binance Holdings intends to reenter the South Korean market after leaving it in 2021. GoFi, a service offered by GOPAX, has temporarily banned user wi

Binance Holdings intends to reenter the South Korean market after leaving it in 2021. GoFi, a service offered by GOPAX, has temporarily banned user withdrawals due to repercussions of the bankruptcy of lender Genesis Global Trading. The Industry Recovery Initiative IRI, a coinvestment effort launched by Binance, is where, according to Binance, its funding originated. One of the top five cryptocurrency exchanges in South Korea, GOPAX, now has a 41.2% stake owned by Binance. Binances largest stakeholder is reportedly GOPAX CEO Junhaeng Lee. The purchase comes almost two months after Binance paid an unknown sum to acquire Sakura Exchange BitCoin SEBC in Japan. Read More..

B2B Tech News | 1 months ago      

Tenaris claims that Benteler North America has stopped selling its steel pipe division.

Benteler North America Corp. has cancelled a previously announced agreement to sell all of its shares in its steel pipe business to the Luxembourgbase

Benteler North America Corp. has cancelled a previously announced agreement to sell all of its shares in its steel pipe business to the Luxembourgbased company, Tenaris SA TENR.MI announced on Sunday. Tenaris, a company that produces pipes for oil and gas exploration, stated last year that it will pay $460 million to acquire Steel & Tube Manufacturing Corp. in the United States in order to increase its manufacturing capacity there. In addition to $52 million in working capital, the business stated it will purchase 100% of Benteler Steel on a cashfree, debtfree basis. The transaction was anticipated to be completed in the fourth quarter of 2022. Read More..

B2B Tech News | 1 months ago      

Expressions of Interest are Being Requested for an Expanding South American LNG Import Terminal in Colombia Backed by Vopak.

The terminal is known as SPEC LNG after its full name, Sociedad Portuaria El Cayao, and is a joint venture between Colombias Promigas and Dutch global

The terminal is known as SPEC LNG after its full name, Sociedad Portuaria El Cayao, and is a joint venture between Colombias Promigas and Dutch global energy storage firm Royal Dutch Vopak. SPEC LNG said that it was now accepting market participants expressions of interest for prospective regasification services. One of the first FSRUs to be placed in service in South America is the Colombian floating storage and regasification unit FSRU. The terminal has been in use since December 2016 and is located in the far northeast of the nation on the Caribbean Sea. The plant, which enables 2,000 megawatts of gasfired power output and accounts for around 60% of Colombias capacity for gasfired energy, according to SPEC LNG, is the countrys primary access point to global LNG markets. Read More..

B2B Tech News | 1 months ago      

More than €1.6 billion was invested in European tech this week, and Raylo secured a debt for £110 million

This week, we tracked over 95 tech fundraising deals worth over €1.6 billion in addition to over 15 exits, M&A transactions, rumours, and related ne

This week, we tracked over 95 tech fundraising deals worth over €1.6 billion in addition to over 15 exits, M&A transactions, rumours, and related news stories across Europe. As a paying subscriber, you are a member of the exclusive club with privileged access to our discoveries. Even though we routinely broadcast this information in realtime on Twitter and Instagram, youd find it difficult to keep up with it all the much more fun choice. Dont worry we know what were doing. Every week, we take on the responsibility so you dont have to. Read More..

B2B Tech News | 1 months ago      

RSMs revenue increases by 17% in the Middle East and North Africa.

The international accounting and consulting network RSM increased its global fee income by 15% to reach sales of nearly $8 billion in the fiscal year

The international accounting and consulting network RSM increased its global fee income by 15% to reach sales of nearly $8 billion in the fiscal year 2022, continuing its trend of doubledigit growth. Revenues in the MENA area increased by 17%. Following the unveiling of its new corporate strategy the 2030 Global Strategy, RSM has reported yet another year of exceptional performance. The accounting and consulting network targeted at middle market enterprises realised total fee income of about $8.3 billion across its operations in more than 120 countries. It is noteworthy that the windfall was generated by all geographical areas, with doubledigit increase recorded in North America, Latin America, Europe, the Middle East and North Africa, and Asia Pacific. RSMs consultancy division expanded by 10% in MENA. Read More..

B2B Tech News | 1 months ago      

For electric motor technology, Flash collaborates with GEM motors.

Flash, a leading technology supplier and electronic component manufacturer, has formed a technological partnership with GEM motors, one of Europes mos

Flash, a leading technology supplier and electronic component manufacturer, has formed a technological partnership with GEM motors, one of Europes most innovative companies specialising in the development of hightech motors for electric vehicles. The collaboration will enable Flash to produce hub motors for various EV segments ranging from 1 kW to 15 kW. The modular multiphase motor technology from GEM motors integrates all components of an electric drive system into a compact solution, simplifying vehicle electrification. Flash will also gain access to 20 global GEM motor patents and will become a global manufacturing hub. This collaboration is consistent with Flashs commitment to being a onestop solution provider for EV motors worldwide. Read More..

B2B Tech News | 1 months ago