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Joe Biden says that AUKUS is not a threat to anyone as the US and Australia share nuclear technology.

The AUKUS Australia, UK, US trilateral security pact is about securing stability in the IndoPacific region and is not intended to challenge China, so

The AUKUS Australia, UK, US trilateral security pact is about securing stability in the IndoPacific region and is not intended to challenge China, so US President Joe Biden has dismissed Chinas concerns about it. After the initial agreement, Australia will have the option to buy two more nuclear submarines, and the three countries intend to set up a submarine rotational force close to Western Australia. The agreement also calls for cooperation in the development of hypersonic weapons, artificial intelligence, and other cuttingedge technologies. Biden referred to the situation as an inflection point in history and asserted that the effort to increase stability and deterrence would have a longterm impact on the possibility of peace. Read More..

B2B Tech News | 2 years ago          

PowerCo, a subsidiary of the Volkswagen Group, will construct a battery gigafactory in Canada.

PowerCo is working on a new framework strategy to handle the logistics complexity of battery cell production, which includes new locations, energy and

PowerCo is working on a new framework strategy to handle the logistics complexity of battery cell production, which includes new locations, energy and supply needs, port and rail access, and transportation regulations. PowerCo and VW Group signed an agreement with the Canadian government in August of last year to promote battery electric vehicle development in the nation. The supply of battery raw materials, as well as the manufacturing of lowcarbon precursor and cathode materials, will enable a rapid and sustainable rampup of battery capacity. Volkswagen Group is increasing production of the ID.4 compact electric SUV in Chattanooga, Tennessee, and plans to upgrade manufacturing facilities in Puebla and Silao, Mexico. It will also bring back its Scout offroad name on an electric platform. Read More..

B2B Tech News | 2 years ago          

PayForce is acquired by Nigerian creditfocused fintech FairMoney in a retailmerchant banking deal.

PayForce, a merchant payment service for small businesses that is backed by YC, has been acquired by FairMoney, a Nigerian digital banking platform th

PayForce, a merchant payment service for small businesses that is backed by YC, has been acquired by FairMoney, a Nigerian digital banking platform that is creditled. PayForce CEO Oluwatomi Ayorinde will lead the companys payments business unit in the $15 million to $20 million cashandstock deal. Due to the growing competition in the digital retail and merchant banking industries, both businesses have expanded from their original lineup of products to a wide range of options. Read More..

B2B Tech News | 2 years ago          

The UK tech ecosystem reacts to the news that HSBC has purchased SVB UK.

Tech entrepreneurs, financiers, and ecosystem leaders in the United Kingdom have responded to the news that HSBC will save SVB UK. Insolvency proceedi

Tech entrepreneurs, financiers, and ecosystem leaders in the United Kingdom have responded to the news that HSBC will save SVB UK. Insolvency proceedings that were set to begin this morning were stopped by the banks overnight £1 purchase of the business. Protecting SVB UKs depositors, the majority of whom were UKbased tech startups, was crucial for the UK economy as a whole as well as the startup environment. The acquisition of SVB UK by HSBC means that no taxpayer funds have been used to guarantee the survival of these companies and many of the investors like us who support them. This occurred in a remarkable period of time without costing the taxpayer a single penny. Read More..

B2B Tech News | 2 years ago          

India testing a few crypto cases for tax evasion, seizes more than $115 million

The Enforcement Directorate of India is investigating several cryptocurrency cases for moneylaundering schemes and has seized $115.5 million to date.

The Enforcement Directorate of India is investigating several cryptocurrency cases for moneylaundering schemes and has seized $115.5 million to date. The Indian crime fighting agency has also arrested five people in cryptocurrencyrelated crimes and served a show cause notice on local exchange WazirX and its directors for cryptocurrency transactions totaling $338 million. India is moving forward with rules to better scrutinise the activities of cryptocurrency firms, despite its opposition to enacting a blanket law to regulate virtual digital assets. Last year, New Delhi took a tough stance on cryptocurrencies, imposing a 30% tax on all gains and a 1% deduction on each crypto transaction. This has severely reduced the number of transactions that local exchanges CoinSwitch Kuber, backed by Sequoia India and Andreessen Horowitz, can process. Read More..

B2B Tech News | 2 years ago          

After Silicon Valley Banks collapse, Australias record run of interest rate increases is more likely to come to an end.

The odds are increasing that Silicon Valley Banks failure will bring a stop to Australias record streak of rate increases as market trepidation and fa

The odds are increasing that Silicon Valley Banks failure will bring a stop to Australias record streak of rate increases as market trepidation and falling bank stock prices spread across the globe. Some traders have even begun pricing in the possibility of a cash rate decrease in Australia later this year, a position that had little support a week ago due to the collapse of the Californiabased SVB. a Logo for Silicon Valley Bank Why did Silicon Valley Bank fail, and is this the beginning of a banking crisis? Customers raced to withdraw their money out of fear for the banks financial soundness, which led to the failure of the SVB, which had its headquarters in California, on Friday. Read More..

B2B Tech News | 2 years ago          

Automated assetbacked lending for used car dealers is developed by Indonesias Broom.

Broom, an Indonesiabased autofinancing startup that wants to help used car dealers work more effectively by applying the assetbacked lending model to

Broom, an Indonesiabased autofinancing startup that wants to help used car dealers work more effectively by applying the assetbacked lending model to their businesses, has raised $10 million in preSeries A funding headed by Openspace Ventures. Pandu Adi Laras, CEO and cofounder of Broom, started the company when he needed to sell his car due to a lack of cash on hand and working capital. Andreas Sutanto, cofounder and CFO, and Laras founded Broom in 2021 and debuted its flagship service, Buyback, the following year. Read More..

B2B Tech News | 2 years ago          

Carbon Clean will increase its presence in North America.

To satisfy the soaring demand for its carbon capture technology, Carbon Clear, a major provider of carbon capture solutions globally, has announced a

To satisfy the soaring demand for its carbon capture technology, Carbon Clear, a major provider of carbon capture solutions globally, has announced a significant expansion in North America. In order to meet the demand for CycloneCC, its totally modular technology, the company expanded its US headquarters in Houston, Texas, and will treble its US personnel. The Inflation Reduction Act IRA has already led to a sharp increase in US inquiries for carbon clean, increasing up demand for industrial carbon capture. Carbon Clear has a new permanent location in Houston and longterm plans to spend more in the US, showing its dedication to this expanding sector. Read More..

B2B Tech News | 2 years ago          



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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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