Header-template

 Global News

Subscribe our Newsletter

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

HEADLINES

AFSM Launched to Provide Concessional Loans for DebtRidden Nations

The African Financial Stability Mechanism AFSM, which offers concessional loans to governments beset by debt, has been authorised by African leaders.

The African Financial Stability Mechanism AFSM, which offers concessional loans to governments beset by debt, has been authorised by African leaders. The African Development Bank AfDB will oversee the facility, which will have access to global money markets and its credit rating. The AFSM was proposed in 2022 to solve sovereign defaults and debt crises amid the COVID19 pandemic and the war in Ukraine. All member states of the African Union are eligible to join, which will be optional. The program aims to improve financial stability throughout Africa by providing sustainable loan options to faltering economies. The action was taken in response to the growing debt and urgent development demands of many African countries, which call for creative financial solutions to ensure economic growth and resilience. Read More..

B2B Tech News | 5 months ago          

India Boosts Trade with Russia via INSTC as Eastern Route Cuts Costs by 56%

Over the past year, commerce between India and Russia via the International NorthSouth Transport Corridor has increased, with India boosting exports t

Over the past year, commerce between India and Russia via the International NorthSouth Transport Corridor has increased, with India boosting exports to close the trade imbalance. The eastern route of the corridor, which passes through Kazakhstan and Turkmenistan, is now the most efficient, reducing the transit time from Moscow to the port of Bandar Abbas, Iran, to 16 days, which is three times quicker than it was previously. This routes transport costs have decreased by 56%, increasing trade volume by 1.7 times. Russian exports include paper goods, lumber, and food items, while critical Indian exports include clothes, rice, and building materials. With a goal of $100 billion by 2030, bilateral trade reached a record $66 billion in 2024. By March, Russia and Iran are expected to reach a deal to finish the RashtAstara railway, enhancing commercial ties even more. Read More..

B2B Tech News | 5 months ago          

Alpha Data to Launch Abu Dhabi’s First IPO of 2025, Aiming for $163M

In Abu Dhabis first initial public offering IPO in 2025, UAE technology services company Alpha Data hopes to raise $163.2 million. Four hundred millio

In Abu Dhabis first initial public offering IPO in 2025, UAE technology services company Alpha Data hopes to raise $163.2 million. Four hundred million existing shares, valued between 1.45 and 1.50 dirhams, are included in the offering, suggesting a market valuation of up to $408 million. The initial public offering IPO, which will only include shares from Bin Hamoodah and Ibbini Investment, will run from 15 February to 25 February. Trading is anticipated to start on 11 March. Alpha Data anticipates a dividend of 130 million dirhams $35.4 million in 2025. The companys 2024 net profit of 127 million dirhams on 2.32 billion dirhams in revenue was in line with the IPO boom in the Gulf area and efforts to diversify the economy. Read More..

B2B Tech News | 5 months ago          

JetBlue Seeks New Airline Partnership After Court Blocks American Alliance

Several airlines are negotiating a new collaboration with JetBlue Airways, and the airline is prepared to spend more money to seal a deal. Its "Northe

Several airlines are negotiating a new collaboration with JetBlue Airways, and the airline is prepared to spend more money to seal a deal. Its "Northeast Alliance" with American Airlines, which permitted revenue sharing and flight coordination, was blocked by the U.S. Court of Appeals. Cooperation would help JetBlue improve customer loyalty points, an area where it falls short of its rivals. Funds for partnerships are part of the airlines JetForward plan, which aims to increase EBIT by $800–$900 million by 2027 while enhancing network, reliability, and financial performance. JetBlue is open to agreements offering strategic and economic advantages, even though it acknowledges the Justice Departments concerns regarding competition. Read More..

B2B Tech News | 5 months ago          

Aramco Acquires 25% Stake in Unioil to Expand Philippine Retail Presence

A deal has been reached for Saudi Arabias Aramco to purchase a 25% share in Unioil Petroleum Philippines, a downstream fuels operator that operates fo

A deal has been reached for Saudi Arabias Aramco to purchase a 25% share in Unioil Petroleum Philippines, a downstream fuels operator that operates four storage terminals and 165 retail stations. No financial information was revealed. Aramcos plan to grow its retail network globally aligns with this acquisition, which comes after similar agreements in Chile and Pakistan. Aramco wants to expand its brand presence, including Valvolinebranded lubricants, to a few Unioil outlets and take advantage of the highvalue fuels markets predicted expansion in the Philippines. The transaction represents an additional step forward in Aramcos downstream growth plan. Read More..

B2B Tech News | 5 months ago          

HPE Unveils ProLiant Gen12 Servers with Intel Xeon 6, AI Optimizations

Moving away from AMD EPYC alternatives, Hewlett Packard Enterprise HPE has introduced its ProLiant Gen12 Compute portfolio, which includes eight new s

Moving away from AMD EPYC alternatives, Hewlett Packard Enterprise HPE has introduced its ProLiant Gen12 Compute portfolio, which includes eight new servers with Intel Xeon 6 CPUs. With AIdriven optimisations allowing for up to 65% yearly power savings, the portfolio supports up to 288 cores, 8TB of DDR5 memory, and PCIe Gen5. HPE incorporates Direct Liquid Cooling DLC to cut cooling power usage by up to 90% and incorporates quantumresistant encryption for security. The Synergy 480 blade and DL580 quadprocessor variants arrive in Q3, while the six rackmounted servers debut in Q1 2025. These servers, which are offered separately or through HPE GreenLake, are built for business, cloud, and AI applications and have improved security and energy efficiency. Read More..

B2B Tech News | 5 months ago          

Apple’s iPhone 16e Features New C1 Modem for Superior Connectivity

The C1 chip, Apples first inhouse cellular modem, was used in the iPhone 16e, which was released to increase connection and battery efficiency. Apple

The C1 chip, Apples first inhouse cellular modem, was used in the iPhone 16e, which was released to increase connection and battery efficiency. Apple hasnt given all the details, but the C1 processor should improve battery management and help the phone achieve its 26hour video playback claim. The 3nanometer A18 chip, which powers AIdriven capabilities under Apple Intelligence, powers the iPhone 16e. This chipset can support sophisticated features, including phone transcription, writing support, and visual intelligence. Apples effort to lessen its dependency on outside suppliers has advanced significantly with the release of the A18 and C1 CPUs, which prioritise efficiency and AI integration. On 21 February, preorders will open, and on 28 February, the product will be available. Read More..

B2B Tech News | 5 months ago          

Google Unveils AI Tool to Revolutionize Biomedical Research

By synthesising a large body of material and producing original theories, Google has created an AI tool to help biomedical research. The technology im

By synthesising a large body of material and producing original theories, Google has created an AI tool to help biomedical research. The technology improves scientific inquiry and thinking and has been tested at Imperial College London and Stanford University. The head of Googles AI division, DeepMind, Demis Hassabis, cowon a Nobel Prize in Chemistry for discoveries powered by AI, and the company places a high priority on scientific breakthroughs. Every AIsuggested method demonstrated encouraging results in preventing the aetiology of the disease in a liver fibrosis experiment. Google stressed that although more testing is required, the tool might speed up scientific research. Instead of replacing it, researchers view it as a supplement that promotes greater scientific cooperation. This aligns with the more significant trend of other industries integrating AI. Read More..

B2B Tech News | 5 months 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.
   8690   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   7201   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   7556   

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.
   7659   

5.  Approximately 8 billion gadgets connect on the internet every day.
   8830   



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.