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TECH NEWS

Hong Kong launches the first cryptocurrency ETFs in Asia

The ecosystem of Hong Kong Exchanges and Clearing HKEX is being expanded with the introduction of cryptocurrency asset ETFs, which the company claims

The ecosystem of Hong Kong Exchanges and Clearing HKEX is being expanded with the introduction of cryptocurrency asset ETFs, which the company claims are the first of their kind in Asia. The CSOP Bitcoin Futures and CSOP Ether Futures ETFs were listed today on the exchange. Products are used to track cashsettled Bitcoin and Ether futures contracts that are traded on the CME. According to Wilfred Yiu, COO and cohead of markets at HKEX, these ETFs give investors with exposure to the digital asset category for the first time in Asia and demonstrate both our continuous commitment to, and the markets hunger for, the digital economy. Read More..

B2B Tech News | 2 years ago          

Nigeria and Kenya missing out on $150m influx in border market

Nigeria and Kenya are not included in the $150 million inflow into frontier markets over the past three weeks, according to an analyst at EFG Hermes R

Nigeria and Kenya are not included in the $150 million inflow into frontier markets over the past three weeks, according to an analyst at EFG Hermes Research. Foreign investors are having trouble withdrawing their money from the two frontier markets. He pointed out that since the global financial crisis that occurred in 2017–2018, stocks in both African nations are at their lowest prices ever. The banks in Nigeria have made some progress this year, but if a more businessfriendly environment materialises in the following year, asset yield should continue to rise. If the CBN devalues the local currency in the future, banks might profit the following year. Read More..

B2B Tech News | 2 years ago          

The silver lining for Superdraft as creditors vote to save IP from liquidation

Superdraft, an architectural technology business with its headquarters on the Gold Coast, has filed for liquidation. The intellectual property that su

Superdraft, an architectural technology business with its headquarters on the Gold Coast, has filed for liquidation. The intellectual property that supported its momentum, however, has been kept. Renovations and new construction can be more effectively coordinated thanks to the superior project coordination and digital twin technologies created by ArchiX Holdings Pty Ltd for the real estate sector. Grant Thornton, the companys administrator, anticipates the execution of a Deed of Company Administration DOCA in the upcoming week. AnarchiX Pty Ltd entered liquidation in November with estimated assets totaling $77,909 and $2.16 million in debt to creditors. Read More..

B2B Tech News | 2 years ago          

World Bank lowers growth forecast for Nigeria to 3.1%

The World Bank revised its prediction for Nigerias growth in 2022 from 3.8% to 3.1%. The bank stated in its most recent Nigeria Development Update NDU

The World Bank revised its prediction for Nigerias growth in 2022 from 3.8% to 3.1%. The bank stated in its most recent Nigeria Development Update NDU, released in Abuja, that the country had to make difficult decisions or risk experiencing a worsening economic downturn in the months and years to come. According to the World Bank, the poor economic growth in the third quarter was caused by subpar performance in important economic sectors. The bank added that Nigerias economy must expand more quickly in order to eradicate poverty while also forecasting growth to slow to 2.9% in 2023. Read More..

B2B Tech News | 2 years ago          

Equinix Expands to South Africa, Investing $160 Million in Johannesburg Data Center

Equinix, Inc. Nasdaq EQIX announced plans to enter the South African market with a data centre investment of US$160 million in Johannesburg. The new d

Equinix, Inc. Nasdaq EQIX announced plans to enter the South African market with a data centre investment of US$160 million in Johannesburg. The new data centre is slated to open in mid2024, adding to the companys current presence on the African continent in Nigeria, Ghana, and Côte dIvoire. Equinix is looking for clean and dependable energy sources for this new data centre. We intend to source 100% clean and renewable energy for our worldwide platform in the long run. Equinixs renewable energy penetration was 95% in 2021, and it has been above 90% since 2018. Read More..

B2B Tech News | 2 years ago          

Energy Price Relief Act Passed by Congress

The Australian Government has taken steps to improve energy affordability, including interim price restrictions and ceilings on domestic gas and coal,

The Australian Government has taken steps to improve energy affordability, including interim price restrictions and ceilings on domestic gas and coal, as well as $1.5 billion in targeted bill assistance for the most vulnerable businesses and people. The Energy Price Relief bill passed the upper chamber of Parliament late this afternoon with 28 votes in favour and 22 against, after passing the lower house 8541. Prime Minister Anthony Albanese described the law as essential and urgent in order to promote industry, business, manufacturing, jobs, and families. The first of the four key measures is a 12month interim price ceiling on uncontracted gas at $12 per gigajoule GJ. Read More..

B2B Tech News | 2 years ago          

Rivian is pausing plans to make electric vans in Europe with MercedesBenz

On Monday, Rivian announced that it was postponing its intentions to produce electric commercial vans in Europe and that it would no longer pursue i

On Monday, Rivian announced that it was postponing its intentions to produce electric commercial vans in Europe and that it would no longer pursue its threemonthold deal with MercedesBenz. The Memorandum of Understanding we signed earlier this year for the joint manufacturing of electric vans in Europe has been put on hold, according to Rivian CEO RJ Scaringe, who also noted that the company was aiming for the best riskadjusted returns on its capital investments. The American producer of electric vehicles stated that at a more suitable time for Rivian, it is still open to exploring potential future collaboration with MercedesBenz. Read More..

B2B Tech News | 2 years ago          

Eve and FlyBIS Announce Memorandum of Understanding to Expand eVTOL Operations in Brazil and Latin America

A Letter of Intent LOI was signed by Eve Air Mobility and FlyBIS Aviation Limited to collaborate on the growth of eVTOL operations in Brazil and South

A Letter of Intent LOI was signed by Eve Air Mobility and FlyBIS Aviation Limited to collaborate on the growth of eVTOL operations in Brazil and South America. According to Eve Air Mobility, FlyBIS has emerged as a promising option for air mobility in South Brazil in the near future and is expected to change and improve how future generations will move. After starting in the southern states of Brazil, FlyBIS wants to expand its operations there in order to aid in the development of Eves air mobility ecosystem. 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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