Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

TECH NEWS

Energy shortage will cause the eurozone to contract in 2023, economists predict.

The eurozone economy is expected to contract next year as a result of high prices and likely energy shortages. Almost 90% of the 37 analysts polled by

The eurozone economy is expected to contract next year as a result of high prices and likely energy shortages. Almost 90% of the 37 analysts polled by the Financial Times said the eurozone was already in recession. The majority of economists predict that GDP will fall throughout next year. The FT polled economists, who predicted a 4.7% drop in eurozone housing prices next year. They estimated that prices will rise by 2.7% this year on average. Forecasters were also overly enthusiastic about growth, anticipating a little less than 4% in 2022. This is far higher than the ECBs initial prediction of 3.4%. Read More..

B2B Tech News | 2 years ago          

Despite light trading, the South African rand strengthens.

South Africas rand rose against the dollar in early trade on Wednesday, despite light trading in a holidayshortened week. At 0645 GMT, the rand was tr

South Africas rand rose against the dollar in early trade on Wednesday, despite light trading in a holidayshortened week. At 0645 GMT, the rand was trading at 17.1600 per dollar, 0.54% higher than its previous close. The dollar index, which compares the currency to six rivals, was unchanged at 104.21. Local investors will be looking for signals on the health of the South African economy in the November trade balance ZATBAL=ECI numbers, which are coming later at 1200 GMT. The yield on the governments benchmark 2030 bond rose 8 basis points to 10.250% in early trading. Read More..

B2B Tech News | 2 years ago          

A warning to the rest of Europe from inflation in the Baltics.

Inflation has been on the increase across the west to levels previously seen decades ago, but few areas have experienced a spike in prices quite like

Inflation has been on the increase across the west to levels previously seen decades ago, but few areas have experienced a spike in prices quite like Estonia, Latvia and Lithuania, where inflation went above 20 per cent this summer and is currently above 21 per cent in all three nations. According to Gediminas Imkus, the president of Lithuanias central bank, inflation is greater in the Baltics because individuals earn less on average than in much of Europe. Ints Kalnins/Reuters According to imkus, inflation is particularly higher in the Baltics because people there earn less on average than in much of Europe, which means they spend a larger proportion of their income on necessities such as electricity and food, where prices have risen the most. Read More..

B2B Tech News | 2 years ago          

A outreach program is held in order to maximize the potential of the IndiaAustralia ECTA.

The IndoAustralia Economic Cooperation and Trade Agreement ECTA will go into effect on December 29th. The focus of the government and the apparel indu

The IndoAustralia Economic Cooperation and Trade Agreement ECTA will go into effect on December 29th. The focus of the government and the apparel industry is on maximising the benefits of this agreement. The Department of Commerce held the first ECTA outreach session at Apparel House in Gurgaon. The programme also included prominent members of the garment trade from OGTC, ATDC, and GEMA. According to AEPC, Indias garment exports to Australia would triple by 2025. During this outreach campaign, issues such as port procedure simplification and timely facilitation, direct shipping lines with FTA countries, design and fashion mapping, speedier adjudication process, skill mapping, and so on were discussed. Read More..

B2B Tech News | 2 years ago          

Telstra and TPG are appealing the ACCCs decision not to approve the regional network sharing agreement

In response to the consumer watchdogs refusal to approve a proposed agreement between Telstra and TPG to share a regional mobile network, Telstra has

In response to the consumer watchdogs refusal to approve a proposed agreement between Telstra and TPG to share a regional mobile network, Telstra has said it will file an appeal. According to the ruling of the Australian Competition and Consumer Commission, the acquisition will significantly decrease competition. TPG would have had access to about 3,700 of Telstras mobile network assets under the proposed conditions. According to TPG, the agreement would have liberated regional Australia from its current mobile duopoly and pushed down mobile prices through increased competition from TPG. The ruling reinforces the need of infrastructurebased competition and investment in the communications sector, according to Kelly Bayer Rosmarin, CEO of Optus. Read More..

B2B Tech News | 2 years ago          

The US must recoup Chinas investment in Africa, says a trade official

When it comes to investment in Africa, the United States is playing catchup with China, according to a senior official in President Joe Bidens admin

When it comes to investment in Africa, the United States is playing catchup with China, according to a senior official in President Joe Bidens administration. American companies considering investing in Africa require more assistance from Washington, according to Deputy Commerce Secretary Don Graves. He made the remarks ahead of a highprofile meeting of African leaders in Washington. According to Qin Wenbo, vicepresident of China Development Bank, China has cancelled the most debt among countries participating in the socalled Debt Service Suspension Initiative DSI. Read More..

B2B Tech News | 2 years ago          

EU strikes deal to boost CO2 market, Europes biggest climate policy

By 2030, the EUs carbon market will be reformed to reduce emissions by 62% from 2005 levels. The plan calls for the removal of 90 million CO2 permits

By 2030, the EUs carbon market will be reformed to reduce emissions by 62% from 2005 levels. The plan calls for the removal of 90 million CO2 permits from the system in 2024, 2026, and 2030. In 2027, a new carbon market covering suppliers of CO2emitting fuels used in automobiles and buildings will be launched. If the price of CO2 reaches 45 euros $47.62 per tonne, extra permits will be released into the market to try to keep prices stable. Read More..

B2B Tech News | 2 years ago          

Global stocks hit after central banks raised interest rates

On Thursday, the benchmark S&P 500 index lost 2.5%, which was the most since early November. The meetings hawkish tone alarmed investors, especially t

On Thursday, the benchmark S&P 500 index lost 2.5%, which was the most since early November. The meetings hawkish tone alarmed investors, especially the ECBs remarks that inflation remains far too high. This week, interest rate increases were all slowed down by the US Federal Reserve, the European Central Bank, and the Bank of England. The US Commerce Department announced that retail sales in November decreased by 0.6% month over month. The reduction exceeded the 0.1% drop predicted by Reuters survey of economists. Read More..

B2B Tech News | 2 years ago          



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   8724   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   7235   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   7590   

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.
   7693   

5.  Approximately 8 billion gadgets connect on the internet every day.
   8863   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.