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Global Markets Roundup US Futures Rise Amid Falling Stocks and Falling Oil in Asia

Asian shares rose alongside US futures on Friday. It was as tech stocks rallied and investors took comfort in the companys performance. MSCI Inc. Asia

Asian shares rose alongside US futures on Friday. It was as tech stocks rallied and investors took comfort in the companys performance. MSCI Inc. Asia Pacific Stock Index. rose about 0.5%, with Japan, China, and Hong Kong in the green. The S&P 500, Nasdaq 100, and European futures all rose after the S&P 500 was mostly unchanged. The dollar increased Treasuries held steady, holding the 10year yield at around 2.68%. The Bank of England announced its greatest interest rate hike in 27 years and warned of a protracted recession. Global stock indexes posted their third weekly gain to recover from a bear market, supported by steady U.S. corporate earnings. Investors are also watching the implications of House Speaker Nancy Pelosis visit to Taiwan. Read More..

B2B Tech News | 1 years ago          

ASX loses momentum, Australia records another trading surplus as Nasdaq revives

The ASX 200 fell one point nearly flat to 6,975. Todays best performers include Block +8.9pc, Pointsbet +11.6%, Imugene +10.9%, Life360 +9.6% and Bega

The ASX 200 fell one point nearly flat to 6,975. Todays best performers include Block +8.9pc, Pointsbet +11.6%, Imugene +10.9%, Life360 +9.6% and Bega Cheese +6.9 %. The Australian dollar was up 0.3% at 69.6 cents at 1615 AEST. Closing price The Nasdaq increased 2.6 percent to 12,668, its highest level since early May. The S& P 500 gained 4,155 points, while the Dow gained 1.3%. At the same time, oil prices fell, with Brent futures down 3.4% to $97 a barrel. Read More..

B2B Tech News | 1 years ago          

Kenya Ministers refuse to block Facebook despite hate speech

The National Cohesion and Integration Commission NCIC issued an ultimatum calling for Facebook to be suspended if it did not delete harmful content. M

The National Cohesion and Integration Commission NCIC issued an ultimatum calling for Facebook to be suspended if it did not delete harmful content. Ministers were quick to respond, saying that there were no further plans to shut down the social media platform. Facebook violates the laws of our country, said NCIC commissioner Danvas Makori following a report by Global Witness and Foxglove Legal. Earlier this year, NCIC reported that Facebook had the biggest level of content for hate speech on all social media platforms in Kenya. Mucheru also complimented the recent efforts made by Facebook to delete inflammatory content from the platform. Read More..

B2B Tech News | 1 years ago          

SoundCloud cuts global workforce by 20%

SoundCloud has confirmed that it has already begun the process of reducing its workforce by approximately 20%. The Berlinbased music and audio platfor

SoundCloud has confirmed that it has already begun the process of reducing its workforce by approximately 20%. The Berlinbased music and audio platform are already at 40 million users, with 20 million more coming onboard monthly. In January 2014, the company announced that it had begun the arduous task of negotiating with major record labels to address licensing issues. As a DJ and radio host, I pay for a SoundCloud account to allow the regular upload of content for my listeners. SoundCloud is by far the best option on the market. No other music upload platform comes close, commented SoundCloud user Pete Ellison. Raine Group and Temasek bought a majority stake in the company for $170 million. As part of the deal, CEO Weisman, who played a key role in Vimeos revival, is now on board. Read More..

B2B Tech News | 1 years ago          

Xlinks has passed the latest milestone for Moroccon Solar link project

Xlinks has appointed engineering consultant WSP to provide technical consultancy services for the MoroccoUK solar interconnector project.. The multibi

Xlinks has appointed engineering consultant WSP to provide technical consultancy services for the MoroccoUK solar interconnector project.. The multibillion pound development could see solar power exported from North Africa to the UK. WSP will provide services for tenders that are expected to be worth over £1bn to deliver four HVDC convertor stations and ancillary works for the project. If successful, Xlinks said it could meet up to 8% of Great Britains electricity needs. Earlier this year Octopus Energy Group became the latest backer of the project after signing on as a financial and strategic partner of Xlinks. Read More..

B2B Tech News | 1 years ago          

The Spanish renewable energy company Greenalia was delisted today

At the companys request, shares in Greenalia were delisted from the BME Growth market in Spain. Smartie SLU and Alazady Spain SL, which own 86.4% of G

At the companys request, shares in Greenalia were delisted from the BME Growth market in Spain. Smartie SLU and Alazady Spain SL, which own 86.4% of Greenalia, bought the free float and took control. Spanish businessman Jose Maria Castellano became a shareholder of Greenalia in 2020 by purchasing a 5% stake. Greenalia is also active in the offshore wind sector in Spain, with approximately 250 MW of projects being developed around the Canary Islands. Greenalia shares closed at 16.35 euros on Tuesday. Read More..

B2B Tech News | 1 years ago          

PYMNTS Intelligence Facing the Challenges of the Korean ECommerce Market

South Korea, like the rest of the world, has seen ecommerce become more popular as physical shopping stagnates. The size of the domestic online shoppi

South Korea, like the rest of the world, has seen ecommerce become more popular as physical shopping stagnates. The size of the domestic online shopping market in March this year was 17 trillion won, an increase of 11% from March 2021. Foreign investors and traders seeking to take advantage of opportunities in the Korean market face serious regulatory and institutional challenges. International merchants are trying to take advantage of the tremendous popularity of ecommerce in South Korea. They often face obstacles related to antifraud regulations and crossborder issues. One of the major challenges facing international merchants is credit card processing. Borrow Now Pay Later BNPL services will grow 76% to $5.4 billion by 2022. Experts predict this market will reach $35 billion by 2028. Read More..

B2B Tech News | 1 years ago          

Millions lost in Solana wallet hack

Security firms will attempt to investigate. Decrypts Solana transaction was signed by the real owner, according to blockchain auditing company OtterSe

Security firms will attempt to investigate. Decrypts Solana transaction was signed by the real owner, according to blockchain auditing company OtterSec, raising suspicions of a compromised private key. Following the Tuesday demolition of the $190 million Nomad bridge, this most recent breach occurred August 2. They stole from 14,000 users in total. According to Decrypt, the hack may have resulted from a users key being compromised with Solanas Phantom browser wallet and the key phrase being reused across wallets on other networks. According to a tweet from blockchain security company PeckShield, the hackers stole around $8 million from at least four Solana wallet addresses, although the full loss is still being assessed. 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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