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Chesnara Eyes HSBC UK Life Insurance Acquisition Amid Strategic Expansion

A possible purchase of HSBCs UK life insurance division is being investigated by Chesnara, a life and pensions consolidator with headquarters in the U

A possible purchase of HSBCs UK life insurance division is being investigated by Chesnara, a life and pensions consolidator with headquarters in the UK. Chesnara was one of several suitors interested in the unit, and the deal might be worth several hundred million dollars. Following a string of asset sales in Europe and North America, HSBCs divestment is in line with its larger goal of refocusing on Asia. With 1 million policies and £14 billion in assets under management, Chesnara has established itself as a major force in the UK insurance market. There is no guarantee that a final agreement will be reached, as discussions are still ongoing. Read More..

B2B Tech News | 10 days ago          

South Africa’s Ramaphosa Seeks U.S. Trade Reset With Tesla and Starlink Deals

Using Elon Musks commercial endeavours as part of a trade strategy, South African President Cyril Ramaphosa is in Washington to repair ties with the U

Using Elon Musks commercial endeavours as part of a trade strategy, South African President Cyril Ramaphosa is in Washington to repair ties with the United States. As part of the strategy, Tesla will receive reduced charges in return for the construction of EV charging stations throughout South Africa. With the United States pressuring countries subject to tariffs to authorise satellite services, Starlink licensing is also anticipated to be debated. Ramaphosas visit comes amid efforts to renegotiate trade accords and guarantee dutyfree access for agricultural exports due to concerns over land reform policies and South Africas genocide case against Israel. On May 21, he will meet with Donald Trump to address more general bilateral matters. Read More..

B2B Tech News | 10 days ago          

IndiaU.S. Trade Deal Advances as Reciprocal Tariffs Loom in July

An interim accord is anticipated before President Donald Trumps reciprocal tariffs go into force in July, as part of a multiphase trade pact between t

An interim accord is anticipated before President Donald Trumps reciprocal tariffs go into force in July, as part of a multiphase trade pact between the US and India. Market access for agricultural and industrial products, as well as nontariff barriers like quality control standards, will probably be covered in the first phase. To further talks, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer are meeting with Commerce Minister Piyush Goyal in Washington. Between September and November, a more comprehensive second phase that covers 19 important trade areas is anticipated, possibly coinciding with Trumps trip to India for the Quad summit. The last stage, which is expected to end next year, will need clearance from the US Congress. Read More..

B2B Tech News | 10 days ago          

CATL’s Hong Kong Debut Surges 12.5% as EV Battery Leader Raises $4.6 Billion

The largest IPO of 2025 saw Chinas CATL shares rise 12.5% in their Hong Kong trading debut, raising $4.6 billion. Strong investor demand was evident w

The largest IPO of 2025 saw Chinas CATL shares rise 12.5% in their Hong Kong trading debut, raising $4.6 billion. Strong investor demand was evident when the stock started at HK$296, above its HK$263 subscription price. The retail part saw 151 times oversubscription, and the institutional tranche was 15.2 times oversubscribed. CATL intends to enable automakers such as BMW, Stellantis, and Volkswagen by using the cash to boost battery production in Europe. The listing improved market sentiment at the same time as a temporary tariff truce between the United States and China. CATLs Q1 2025 net profit increased 32.9% year over year, bolstering its 38% global market share in EV batteries. Read More..

B2B Tech News | 10 days ago          

RBA Cuts Rates to 3.85% as Australia Navigates Global Economic Uncertainty

In light of a more bleak global outlook and declining inflation, Australias central bank lowered its policy rate by 25 basis points to a twoyear low o

In light of a more bleak global outlook and declining inflation, Australias central bank lowered its policy rate by 25 basis points to a twoyear low of 3.85%. In Q1 2025, consumer price inflation slowed to 2.4%, while core inflation fell to 2.9%, bringing it back to the RBAs target range of 23%. Markets anticipate more easing amid worries over global trade, and the Australian currency dropped 0.4%. In order to avoid making further cuts, the Reserve Bank of Australia continues to exercise caution. The choice takes into account market volatility worldwide, particularly the effect of US tariffs on Australian goods. Read More..

B2B Tech News | 10 days ago          

CERTIn Issues HighSeverity Alert for Vulnerabilities in Google Chrome

Google Chrome desktop users are the target of a highseverity security alert from the Indian Computer Emergency Response Team CERTIn, which highlights

Google Chrome desktop users are the target of a highseverity security alert from the Indian Computer Emergency Response Team CERTIn, which highlights flaws that could allow remote attackers to take control of compromised systems. Prior to 136.0.7103.113 on Linux and 136.0.7103.113 or 136.0.7103.114 on Windows/macOS, Chrome versions are affected by the bugs. They result from poor management of Mojo, a crucial component of interprocess communication, and inadequate enforcement of policies in the Loader. Malicious websites could cause system crashes, malware injection, or data theft if these vulnerabilities are exploited. CERTIn recommends that users update Chrome to the most recent patched version right away in order to protect their PCs. Read More..

B2B Tech News | 10 days ago          

Qualcomm ReEnters Data Center CPU Market With AIOptimized Processors

Qualcomm has announced special processors made to work with Nvidias AI devices, marking their comeback to the data centre CPU market. Qualcomm is now

Qualcomm has announced special processors made to work with Nvidias AI devices, marking their comeback to the data centre CPU market. Qualcomm is now in a competitive position to take on AMD and Intel by optimising AI workloads using its Armbased architecture. Due to financial limitations and legal issues, the companys earlier exploration of data centre CPUs in the 2010s was put on hold. After acquiring Nuvia, a business that specialises in highperformance chip designs, in 2021, Qualcomm has stepped up its efforts. With faster connection between the new CPUs and Nvidia GPUs, rackscale AI computing will be supported. To create unique AI infrastructure, Qualcomm has also inked a Memorandum of Understanding with the Saudi AI company Humain. Read More..

B2B Tech News | 10 days ago          

Microsoft’s AI Future Takes Shape With Strategic Infrastructure and Software Investments

During its Build 2025 developer conference, Microsoft highlighted its $64 billion investment in data centres to support AI services like Copilot as pa

During its Build 2025 developer conference, Microsoft highlighted its $64 billion investment in data centres to support AI services like Copilot as part of its AI profitability strategy. The business is moving away from external cloud providers like CoreWeave and towards costeffective AI optimisation. Refining AI algorithms can result in 10x higher performance at cheaper costs, CEO Satya Nadella emphasised. In the face of increasing competition, Microsoft is also renegotiating its alliance with OpenAI in order to establish itself as a neutral supplier of AI infrastructure. The event reinforced Microsofts vision for an agentic web by showcasing new AI capabilities such as organised memory systems and collaborative AI agents. Read More..

B2B Tech News | 10 days ago          



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