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As Wall Street banks work to strengthen the banking system, Asian markets rise.

Asian markets rose on Friday after major Wall Street banks pledged a $30 billion deposit in First Republic Bank to boost trust in the banking system.

Asian markets rose on Friday after major Wall Street banks pledged a $30 billion deposit in First Republic Bank to boost trust in the banking system. In mainland China, the Shenzhen Component ended the day 0.36% higher, while the Shanghai Composite rose 0.73% to 3,250.54. The Hang Seng index in Hong Kong rose 1.81% in the final hour of trading, leading gains in the region, and shares of search engine company Baidu rose more than 15%. The Kospi in South Korea gained 0.75%, while the Nikkei 225 and Topix in Japan both gained 1.15%. The S&P/ASX 200 index in Australia rose 0.42% to 6,994.8. Read More..

B2B Tech News | 6 months ago          

Canada is Volkswagens first choice for a battery cell plant outside of Europe.

In an effort to localise the manufacturing of electric vehicles EVs in the region, Volkswagen has decided to locate its first battery cell plant outsi

In an effort to localise the manufacturing of electric vehicles EVs in the region, Volkswagen has decided to locate its first battery cell plant outside of Europe in Canada. St. Thomas, 120 miles northeast of Detroit, will be the location of the factory. Lithium, cobalt, and nickel are among the vital minerals mined in great quantities in Canada. In addition to US climate law requirements that 50% of EV car battery components be produced in North America for vehicles to qualify for tax credits up to $7,500, VW will profit from both Canadian and American subsidies. The Inflation Reduction Act IRA, which permits incentives for automobiles with batteries built with a part of materials sourced from or processed in the US or Canada, also encourages foreign investment. Read More..

B2B Tech News | 6 months ago          

STRACON Group acquires AMECO South America from Fluor.

The AMECO South America business, which includes assets in Chile and Peru, was sold by Fluor Corporation NYSE FLR to STRACON Group. With this deal, th

The AMECO South America business, which includes assets in Chile and Peru, was sold by Fluor Corporation NYSE FLR to STRACON Group. With this deal, the AMECO divestiture has been completed, allowing Fluor to concentrate on its core businesses and capital goals. By using worldclass expertise to address the most difficult problems for its clients, Fluor is creating a better world. With the help of its 40,000 people, it can provide clients all around the world projects that are safe, wellexecuted, and capitalefficient. Fluor is rated 259th among the Fortune 500 businesses and will generate $13.7 billion in revenue in 2022. Visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook, and YouTube for additional information. Read More..

B2B Tech News | 6 months ago          

The British government is asking the National Cyber ​​Security Center to review TikTok

The National Cyber Security Centre NCSC has been requested by the UK government to evaluate TikTok, which may signal a future ban on the app on govern

The National Cyber Security Centre NCSC has been requested by the UK government to evaluate TikTok, which may signal a future ban on the app on governmentowned devices. This comes in response to a weekend article in the Sunday Times that stated a ban is imminent. Fears about security and the privacy of TikTok user data have led to a succession of restrictions on the Chinaowned app by other governments and public institutions in recent months. In order to better safeguard the privacy of its European users, TikTok has started executing a comprehensive plan that includes storing UK user data in European data centres and tightening data access rules. Read More..

B2B Tech News | 6 months ago          

Launching a $95 million venture capital fund to support the African tech sector is Egypts Flat6Labs.

A $95 million seed fund has been established by Flat6Labs to support earlystage technological startups in Africa. North Africa, West Africa, and East

A $95 million seed fund has been established by Flat6Labs to support earlystage technological startups in Africa. North Africa, West Africa, and East Africa will be the three key investment regions that the Africa Seed Fund ASF will concentrate on. For the next five years, it will invest in more than 160 earlystage tech startups with a focus on markets that hasten digital inclusion and fields that help solve social and environmental problems. The fund has the potential to produce more than $700 million in income, 14,000 new employment, and support more than 1,200 founders, 20% of whom will be women. Under the Africa Seed Fund, Flat6Labs is investing in preseed to preseries A stage businesses with tickets costing between $150,000 and $500,000. Read More..

B2B Tech News | 6 months ago          

After SVBs demise, tech startups in Latin America scramble.

Startups in Latin America have limited options for a banking partner after Santa Clara Bank SVB failed. Regulators in the United States have announced

Startups in Latin America have limited options for a banking partner after Santa Clara Bank SVB failed. Regulators in the United States have announced an emergency plan that will allow SVB depositors to access their money, but startups are still without a longterm strategy. But, it might not arrive in time for employees midmonth payments. Roddo, a Mexican rental property startup, was able to transfer its money from SVB to cash accounts with U.S. financial tech companies. Yet, South American companies claim that local banks in the region lack the requisite resources, whereas Chinese businesses are turning to larger American banks or Chinese lenders. Banks in Mexico lack the expertise, resources, and institutional power to promote startups. Read More..

B2B Tech News | 6 months ago          

The first ITSM data center in Australia is announced by SolarWinds.

For users of SolarWinds Service Desk, the secure observability and IT management software company SolarWinds has opened its first IT service managemen

For users of SolarWinds Service Desk, the secure observability and IT management software company SolarWinds has opened its first IT service management ITSM data centre in Australia. The Sydney data centre was created to enable customers of SolarWinds show compliance with data sovereignty standards while also enhancing performance and speed. It will improve SolarWinds software as a service SaaSdelivered offering and expand client availability to not only Australian customers but also businesses throughout the AsiaPacific and Japan APJ region. It is part of the companys regional growth in APJ. The forthcoming 24th itSMF National Service Management Conference will also feature participation from SolarWinds. Read More..

B2B Tech News | 6 months ago          

New fund from MENA VC Flat6Labs to support East and West African startups

Flat6Labs is one of Africas most active venture capital firms, having invested in over 100 startups across the Middle East and North Africa MENA regio

Flat6Labs is one of Africas most active venture capital firms, having invested in over 100 startups across the Middle East and North Africa MENA region. After 11 years, Egypts seedstage accelerator is expanding into East and West Africa with a $95 million Africa Seed Fund investment vehicle. The fund will invest in startups in fintech, health tech, logistics, mobility, clean tech, agtech, retail, and ecommerce. Flat6Labs will invest between $150,000 and $400,000, with additional investments up to $500,000, to ensure ongoing support. Flat6Labs seed programme will accept 10 to 15 startups every six months, with the goal of supporting up to 170 startups over the next five years. Read More..

B2B Tech News | 6 months ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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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.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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