Header-template

 Global News

Subscribe our Newsletter

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

HEADLINES

Citron Research Closes Short Position on GameStop After Brief Stint

Only a few days after beginning its short position, wellknown short seller Citron Research has terminated its stake on GameStop GME.N. According to fo

Only a few days after beginning its short position, wellknown short seller Citron Research has terminated its stake on GameStop GME.N. According to founder Andrew Left, it was closed profitably despite the short position having just recently been launched. This choice is made in view of GameStops recent capital raising endeavours, which saw the business raise $4 billion in cash reserves thanks to the $2.14 billion in gross profits from the sale of stock. Although Left said Citron was no longer short, he would think about shorting GameStop once more if the companys shares hit the $45–$50 mark. Even with the recent ups and downs after Keith Gills comeback, GameStops stock has proven resilient, rising sharply from levels seen in midMay. Read More..

B2B Tech News | 1 months ago          

JPMorgan Chase Boosts Investment Banking Revenue Forecast by 2530%

JPMorgan Chase JPM.N has updated its forecast for investment banking income, predicting a notable rise of 25% to 30% in the upcoming quarter, mainly d

JPMorgan Chase JPM.N has updated its forecast for investment banking income, predicting a notable rise of 25% to 30% in the upcoming quarter, mainly due to active capital markets. Compared to prior estimates made in May that had indicated a midteens percentage increase, this revised prognosis indicates a more optimistic view. The coCEO of JPMorgans commercial and investment bank, Troy Rohrbaugh, emphasised the firms overall gains throughout its franchise as well as the capital markets ongoing strength. He said that trading revenue is predicted to increase somewhat as well, above earlier projections of growth in the midsingle digits. Read More..

B2B Tech News | 1 months ago          

Senegal Launches Inaugural Offshore Oil Project at Sangomar Fields

Senegals first offshore oil project, Woodside Energy, has gone into production, a significant development for the countrys economic future. The projec

Senegals first offshore oil project, Woodside Energy, has gone into production, a significant development for the countrys economic future. The project, situated near the Sangomar oil resources 100 kilometres offshore, aims to produce 100,000 barrels of oil per day. This comes after Senegals successful exploration campaign in 2014, which sparked expectations for significant financial advantages from oil and gas extraction. Nonetheless, with a new administration taking office this year, there is a renewed emphasis on amending current agreements with foreign companies that have been judged unfavourable. President Bassirou Diomaye Faye strongly emphasises openness and plans to audit the mining, oil, and gas industries to guarantee that Senegal receives equitable advantages. Read More..

B2B Tech News | 1 months ago          

President Tinubu Vows to Push Ahead with Economic Reforms Despite Challenges

President Bola Tinubu of Nigeria acknowledged the countrys difficulties but reiterated his commitment to economic reforms in his Democracy Day speech.

President Bola Tinubu of Nigeria acknowledged the countrys difficulties but reiterated his commitment to economic reforms in his Democracy Day speech. After taking office for a year, Tinubu spoke about the difficulties brought on by recent policy adjustments, such as eliminating fuel subsidies and currency depreciation, which increased inflation to more than 33% by April. He underlined how necessary these measures are to solve persistent economic problems and build a strong basis for future expansion. According to Tinubu, a new minimum salary will also be implemented as part of more significant initiatives to guarantee equitable pay and economic opportunities for all Nigerians. He promised that as his administration pursues its reform programme, it would continue to be receptive to public concerns. Read More..

B2B Tech News | 1 months ago          

Australian Labor Market Surges Adds 39,700 Jobs in May

With 39,700 new jobs added in May, Australias labour market outperformed forecasts, particularly in fulltime employment, which increased by 41,700. In

With 39,700 new jobs added in May, Australias labour market outperformed forecasts, particularly in fulltime employment, which increased by 41,700. In keeping with expectations, the unemployment rate decreased from 4.1% to 4.0%, and the participation rate was steady at 66.8%. Despite these encouraging signs, the Reserve Bank of Australia is anticipated to keep interest rates at 4.35% at its next meeting to promote economic stability in the face of inflation worries. Policy circles were cautiously optimistic, with the economy expanding by barely 0.1% in the first quarter of 2024. According to market opinion, interest rate decreases are expected to be postponed until mid2025, which reflects confidence in the labour markets ability to withstand inflationary pressures and persistent economic difficulties. Read More..

B2B Tech News | 1 months ago          

Samsung Electronics to Streamline AI Chip Manufacturing, Integrating Memory, Foundry, and Packaging

Samsung Electronics aims to simplify producing AI chips by merging its foundry, memory chip, and chip packaging businesses. To take advantage of the a

Samsung Electronics aims to simplify producing AI chips by merging its foundry, memory chip, and chip packaging businesses. To take advantage of the artificial intelligence boom, this onestop shop will save manufacturing time by 20%. At a San Jose event, President Siyoung Choi discussed the revolutionary effects of generative AI on technology and predicted that the worldwide semiconductor industry will generate $778 billion in sales by 2028. Samsung has an advantage over rivals thanks to its unique mix of services and cuttingedge chip design, including gateallaround GAA transistors. The business has announced a 2nanometer chipmaking method for highperformance computing by 2027. It expects to massproduce its secondgeneration 3nanometer devices utilising GAA in late 2024. Read More..

B2B Tech News | 1 months ago          

Amazon and Vrio to Launch Satellite Internet Service in Seven South American Countries by 2025

By the middle of 2025, seven South American nations—Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, and Colombia—will get satellite internet ser

By the middle of 2025, seven South American nations—Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, and Colombia—will get satellite internet service from Amazon and Vrio. The programme will use Project Kuiper from Amazon to launch 3,236 lowEarth orbit satellites. Managing DirecTV Latin America and Sky Brasil, Vrio seeks to close the 200 million individuals in the region who do not have sufficient internet connection. With Project Kuiper, Amazon has invested $10 billion to ensure that all people have access to the internet, no matter where they live. The alliance aims to boost connection in disadvantaged areas by addressing the regions rugged topography and infrastructural restrictions. Read More..

B2B Tech News | 1 months ago          

Google Partners with NV Energy to Power Nevada Data Centers with Geothermal Electricity

Google and NV Energy, a Berkshire Hathaway electric provider, have reached an arrangement for Google to use cuttingedge geothermal electricity to powe

Google and NV Energy, a Berkshire Hathaway electric provider, have reached an arrangement for Google to use cuttingedge geothermal electricity to power its data centres in Nevada. This agreement intends to boost Googles operations geothermal power supply from 3.5 megawatts to 115 megawatts over six years, subject to state utility regulators approval. This action demonstrates Googles commitment to being carbonfree. It advances the companys aim of being entirely powered by clean energy by 2030. About obtaining power in regulated markets, the cooperation with NV Energy offers a unique option for businesses with significant energy consumption and climate ambitions. This strategy can impact pricing structures such as the Clean Transition Tariff and powergenerating resource planning. Read More..

B2B Tech News | 1 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.
   2253   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   2164   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   2495   

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.
   2650   

5.  Approximately 8 billion gadgets connect on the internet every day.
   3653   



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.