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Ericsson, a manufacturer of telecom equipment, will terminate 1,400 Swedish jobs.

Ericsson, the maker of telecom equipment, plans to cut 1,400 jobs in Sweden as part of a broader costcutting strategy. As demand in some markets, incl

Ericsson, the maker of telecom equipment, plans to cut 1,400 jobs in Sweden as part of a broader costcutting strategy. As demand in some markets, including North America, slows, the company had previously announced plans to cut costs by 9 billion crowns $880 million by the end of 2023. More job cuts, numbering in the thousands in other countries, are expected in the coming days. Ericsson made significant cuts in 2017, laying off thousands of employees and focusing on research to help the company recover from losses. Global layoffs have affected not only startups and midsized businesses, but also large technology companies such as Amazon, Microsoft, and Alphabet, the parent company of Google. Read More..

B2B Tech News | 2 years ago          

Despite a decline in profits, the mining behemoth BHP claims that growth in China and India will boost demand.

Despite reporting a steep drop in halfyear profits, Australian mining giant BHP Billiton is optimistic that China and Indias growth will boost commodi

Despite reporting a steep drop in halfyear profits, Australian mining giant BHP Billiton is optimistic that China and Indias growth will boost commodity demand. According to CEO Mike Henry on CNBCs Street Signs Asia, Chinese and Indian growth will provide a counterbalance and support overall growth over the next six to twelve months. BHP also sees investment and growth opportunities with South American and African partners, and is developing a portfolio of growth options, particularly in undeveloped mining deposits. BHP shares in Australia fell 0.33% on Tuesday. Read More..

B2B Tech News | 2 years ago          

EU Sees a New Tech Champion, But Its Not ChatGPT.

ChatGPT is regulated in Europe, not invented there, highlighting how far the European Union lags behind the United States and China in terms of techno

ChatGPT is regulated in Europe, not invented there, highlighting how far the European Union lags behind the United States and China in terms of technology. Tech lobbyists are outraged at EU Commissioner Thierry Bretons desire to toughen incoming AI rules to rein in chatbots. As a boost to European tech sovereignty through growth in cloud and advanced computing, Airbus SE has proposed an investment in Evidian, the bigdata and cybersecurity unit that Atos plans to spin off this year. Read More..

B2B Tech News | 2 years ago          

A strategic move by the president of Nigeria to address the cash crisis.

Nigerias President Muhammadu Buhari defended a currency swap that sparked protests and cash shortages on Thursday, but ordered that old, small denomin

Nigerias President Muhammadu Buhari defended a currency swap that sparked protests and cash shortages on Thursday, but ordered that old, small denomination 200 naira notes be kept in circulation to alleviate scarcity. Nigeria has been dealing with a cash shortage since the Central Bank of Nigeria CBN began exchanging old bills of the local naira currency for new, redesigned ones, resulting in a shortage of banknotes. Along with the new notes, the old 200 naira bills will be legal tender for 60 days until April 10. However, some state governments have filed a lawsuit against the central bank, requesting that the policy be suspended and that Nigerians be allowed to use both old and new notes until the banks are able to replace them. Read More..

B2B Tech News | 2 years ago          

White City Campus use of green technology is praised by Ecuadors environment minister.

The pioneering Polymateria alternative was on display at Imperial Colleges White City Campus for Ecuadors Environment Minister Gustavo Manrique Mirand

The pioneering Polymateria alternative was on display at Imperial Colleges White City Campus for Ecuadors Environment Minister Gustavo Manrique Miranda to view. He spoke with academics and went to the scalelabs ups for biodegradable plastics. The Director of Imperials Environmental Research Group, Professor Frank Kelly, greeted the Minister and introduced the Colleges premier Transition to Zero Pollution Program. According to him, in order to turn ideas into solutions and create a sustainable future with no pollution, legislators, industry, and entrepreneurs must work together. Using cuttingedge biotransformation technology, Polymateria and Ecuador are working together to minimise plastic pollution and save wildlife. Read More..

B2B Tech News | 2 years ago          

The 2023 Renault Megane ETech Electric is getting closer to hitting Australian showrooms.

Prior to its launch in Australia in late 2023, the 2023 Renault Megane ETech Electric has been identified in a database maintained by the Federal Gove

Prior to its launch in Australia in late 2023, the 2023 Renault Megane ETech Electric has been identified in a database maintained by the Federal Government. With a 60kWh lithiumion battery pack, the Megane small SUV, which takes the name of Renaults classic hatchback, will be able to go up to 450 kilometres on the WLTP test cycle. In order to achieve a claimed 0100 km/h sprint time of 7.4 seconds, all Australian versions at launch are planned to have an electric motor transmitting 160 kW and 300 Nm to the front wheels. Depending on how the car is driven, the Megane ETech Electrics DC rapid charging capacity of up to 130kW can provide 200 to 300 kilometres of driving range in 30 minutes. Read More..

B2B Tech News | 2 years ago          

In 2022, only 20% of funded African tech startups had a female founder.

The gender imbalance in African tech is only growing worse in 2022, just 20.2% of 633 sponsored initiatives had a female founder, which is a decrease

The gender imbalance in African tech is only growing worse in 2022, just 20.2% of 633 sponsored initiatives had a female founder, which is a decrease from 2021s 21.5%. With at least one female cofounder in 26.4% of firms, Kenya was the best performer in terms of gender representation. The report describes a remarkable 2022 in which, despite a global decline in investments, more companies raised more capital than ever before. With 600 of the 633 funded businesses having at least one local in the founding team, up from 500 in 2021, the difficulty of nonAfrican founders obtaining investment in Africa is decreasing. Read More..

B2B Tech News | 2 years ago          

testing out the sleep and fitness tracking Ring from Ultrahuman.

Last summer, a teaser of additional hardware was released A selfdesigned smart ring to supplement the existing CGM continuous glucose monitoring senso

Last summer, a teaser of additional hardware was released A selfdesigned smart ring to supplement the existing CGM continuous glucose monitoring sensor programme, but also as a standalone healthtracking wearable to compete with Ouras smart ring. TechCrunch tested a beta version of Ultrahumans Ring or R1, as its simply known, for a month in conjunction with its CGMbased metabolic tracking programme M1 and for several weeks on its own when it didnt have access to realtime glucose data. Read More..

B2B Tech News | 2 years ago          



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