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Russia and Saudi Arabia cut down on oil supply global prices might spike

Oil prices are currently on direction to surpass $100 per barrel for the first time in 2023, after climbing over 30% since June due to Russian and Sau

Oil prices are currently on direction to surpass $100 per barrel for the first time in 2023, after climbing over 30% since June due to Russian and Saudi Arabian production cutbacks and soaring Chinese demand. The 30% increase since June is the result of increased demand in China and output curbs by Russia and Saudi Arabia. Last week, the International Energy Agency IEA had predicted that the continual production cuts undertaken by these two the Organisation of Petroleum Export leaders would result in a "significant supply shortfall," posing a serious danger to continued price swings. Read More..

B2B Tech News | 1 years ago          

Hacked again Mark Cuban loses around $900K in crypto

The news of Cuban’s hacking first came to the public view on September 15 when block chain investigator ‘Wazz’ posted on X formerly twitter how

The news of Cuban’s hacking first came to the public view on September 15 when block chain investigator ‘Wazz’ posted on X formerly twitter how Cuban’s wallet had been inactive for nearly 160 days and all of his assets seem to have been moved. Responding to the public post, Cuban confirmed the news of his account being hacked and his assets being drained. The billionaire admitted to losing 5 Ethereum tokens, USD coins, Polygon MATIC, Lido staked Ethereum and tokens from SuperRare and Ethereum Name Service. Cuban claims he has no idea how the hacker gained access for the hacking and believes he must have downloaded some malicious malware instead of MetaMask. Read More..

B2B Tech News | 1 years ago          

Transforming the world China’s clean power business at the forefront

Since China stopped constructing coalfired power stations abroad in 2021, the green trend has intensified, with the nations leading power corporations

Since China stopped constructing coalfired power stations abroad in 2021, the green trend has intensified, with the nations leading power corporations adopting proactive alterations and moving their priority to green projects. According to the findings of the China Electric Power Planning and Engineering Institute, energy exchange contributes to roughly 40% of the overall expenditure in countries and areas participating in the BRI, with the electrical power industry accounting for half of the overall energy expenditure. As nations around the globe accelerate their renewable energy transition while increasing efforts to ensure local security of energy and expand their electrical power investment scale, China needs to further optimise its approaches, enhance international competitiveness, modify and enhance the financial support system, and develop a diverse monetary encouragement model. Read More..

B2B Tech News | 1 years ago          

American Airlines Hit Hard as Fuel Costs Soar and Labor Demands Rise

Rising fuel prices and pay increases impact business profitability across all industries this quarter. While airlines, largely dependent on fuel and l

Rising fuel prices and pay increases impact business profitability across all industries this quarter. While airlines, largely dependent on fuel and labour, are feeling the pinch, labour unions in aerospace, entertainment, and package delivery have won sizable pay rises. Due to unforeseen fuel and maintenance costs, Delta Air Lines lowered its Q3 earnings outlook. American Airlines also decreased its forecast for earnings, blaming high fuel costs and a new pilot labour agreement with significant pay hikes. In the meantime, UPS provided information on expenditures associated with a labour agreement, with costs rising at a compound annual rate of 3.3% over five years. In other sectors, such as the automobile and entertainment industries, unions pressure employers to raise salaries. Read More..

B2B Tech News | 1 years ago          

Chinas Central Bank Slashes Reserve Requirements to Boost Economy

The second reserve requirement ratio RRR reduction announced by Chinas central bank, the Peoples Bank of China PBOC, will take effect on September 15

The second reserve requirement ratio RRR reduction announced by Chinas central bank, the Peoples Bank of China PBOC, will take effect on September 15 and affect all banks except those having a 5% reserve ratio. This action attempts to increase liquidity and promote the nations economic recovery in the face of postpandemic difficulties. Anticipate that the cut will increase medium to longterm liquidity by more than 500 billion yuan $68.71 billion. Before a deadline in September, local administrations in China have been actively issuing "special" bonds to finance infrastructure projects. The PBOC promises to promote the economy while preserving a steady yuan exchange rate. Read More..

B2B Tech News | 1 years ago          

Pentathlon Ventures Unleashes $54.4 Million Fund for B2B SaaS Startups

The second fund from Pentathlon Ventures, which focuses on earlystage B2B softwareasaservice SaaS firms, has a corpus objective of Rs 450 crore about

The second fund from Pentathlon Ventures, which focuses on earlystage B2B softwareasaservice SaaS firms, has a corpus objective of Rs 450 crore about $54.4 million. In addition to enterprise digital transformation, finance, ecommerce enablement, health, and other areas, the company wants to invest in 25 B2B SaaS firms. The fund will receive funding from local and international limited partners, including corporations, institutions, and business moguls. It focuses on seedstage businesses with revenue and a productmarket fit. GTMDialogues is a programme run by Pentathlon Ventures to guide SaaS founders and GTM leaders. With the new fund, participation in Series A and B rounds will be possible, with investments ranging from $750,000 to $1.2 million. Read More..

B2B Tech News | 1 years ago          

DBS Group Expanding in China, Eyeing the Indian Market

Due to the economic headwinds brought on by the crisis in Chinas indebted real estate sector, DBS Group Chief Executive Piyush Gupta highlighted conce

Due to the economic headwinds brought on by the crisis in Chinas indebted real estate sector, DBS Group Chief Executive Piyush Gupta highlighted concerns about the countrys economy. Despite pointing out the potential for growth in fields like electric vehicles, he acknowledged the difficulties in cleaning up the real estate industry. Over the next five years, DBS wants to treble its operations in India and seeks to raise its holding in Shenzhen Rural Commercial Bank. Gupta emphasised DBSs wealth management divisions success, which benefited from inflows from various geographical areas. Singaporean banks have experienced significant inflows and increased profits because wealthy clients have actively sought it out as a financial refuge due to its reputation. Read More..

B2B Tech News | 1 years ago          

Artificial Intelligence Reshaping Advertising Through Music

According to advertising entrepreneur Michele Arnese, because of the fastpaced imagery and sound permeating the modern world, companies must adapt to

According to advertising entrepreneur Michele Arnese, because of the fastpaced imagery and sound permeating the modern world, companies must adapt to artificial intelligence AI. His AIfocused music label, Amp, creates a brands "sonic identity" by using AI to create various sounds for brands, from podcast compositions to app launch noises. AI ensures brand consistency by evaluating distinctiveness and potential impact while enabling mass music production. According to Arnese, AI will significantly impact advertising without dramatically reducing employment opportunities because it can be a tool that fosters innovation. Read More..

B2B Tech News | 1 years ago          



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Refresh Your Facts

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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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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.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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