Header-template

 Global News

Subscribe our Newsletter

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

HEADLINES

Swiss engineering group ABB has been fined $4.3 million

The Attorney General of Switzerland has fined Swiss engineering and technology company ABB ABBN.S 4 million Swiss francs $4.3 million in connection wi

The Attorney General of Switzerland has fined Swiss engineering and technology company ABB ABBN.S 4 million Swiss francs $4.3 million in connection with a corruption case in South Africa. According to the Attorney Generals office, ABB was penalised for not having taken all required and reasonable organisational safeguards to avoid bribery payments to foreign officials in South Africa, according to a statement released on Friday. According to an agreement reached this week between ABB and South Africas National Prosecuting Authority NPA, the business will make restitution for its role in state corruption. Read More..

B2B Tech News | 2 years ago          

Isomer Capital Onboards European Venture Capital Founders as a Venture Capital Partner

The European VCs founders, Andreas Munk Holm and David Cruz e Silva, now have the title of Venture Partner on their resumes as a result of the formali

The European VCs founders, Andreas Munk Holm and David Cruz e Silva, now have the title of Venture Partner on their resumes as a result of the formalisation of their partnership with Isomer Capital. The big idea is for Andreas and David to assist VCs in raising money by creating vested communities of founders, operators, angel investors, and VCs as Operator LPs through a content platform and syndicates. Weve always respected Isomer, and now well be able to work with the best in the business while presenting our proposition to fantastic VCs. Read More..

B2B Tech News | 2 years ago          

Belgiums Gorilla raises €6 million to fuel growth in its energy data management

Energy data technology business Gorilla from Belgium has acquired €6 million in series A funding. The series A round is supported by the private VC

Energy data technology business Gorilla from Belgium has acquired €6 million in series A funding. The series A round is supported by the private VC firm Beringea and the governmentrun innovation fund PMV in Belgium. Additional funding is provided by VLAIO, the Flemish regions economic growth organisation. With the help of Gorillas cloud software, energy utilities can instantly communicate information about energy usage trends by gathering vast amounts of data from EVs, smart metres, and IoT devices. The operational personnel of the energy company can then receive this information, giving them a greater understanding of the dynamics of the energy market locally and assisting them in developing new pricing strategies. Read More..

B2B Tech News | 2 years ago          

IMF chief flags inflation and slowing China as risk for Asia

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has identified escalating inflationary pressures and Chinas economic s

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has identified escalating inflationary pressures and Chinas economic slowdown as threats to Asias economic outlook and urged policymakers to strengthen their shockabsorbing capacities. Masatsugu Asakawa, president of the Asian Development Bank, also advised Asian policymakers to watch out for any indications of sudden capital outflows brought on by the continuous increases in US interest rates. The Association of Southeast Asian Nations ASEAN nations, according to Georgieva, are a bright spot in the global economy. Growth in these economies is anticipated to be 5% this year and to moderate somewhat in 2023. But she cautioned that concerns including the consequences from Russias war in Ukraine, a tightening of the global financial system, and a slowdown in Chinas growth dominated the picture and made it exceptionally unpredictable. Read More..

B2B Tech News | 2 years ago          

Florida withdraws $2 billion from BlackRock in largest antiESG divestment

Floridas chief financial officer announced on Thursday that his department would withdraw $2 billion worth of its assets from BlackRock Inc BLK.N, mar

Floridas chief financial officer announced on Thursday that his department would withdraw $2 billion worth of its assets from BlackRock Inc BLK.N, marking the largest such divestiture by a state hostile to the asset managers environmental, social, and corporate governance ESG principles. The $8 trillion in assets managed by BlackRock wont be significantly affected by the action, but the corporation was outraged and said that politics was put before of investor interests. Read More..

B2B Tech News | 2 years ago          

India seizes African healthcare opportunities

Kenya is one of the generic medication marketplaces with one of the largest supplydemand gaps in the world. Indiamade generic medications can be purch

Kenya is one of the generic medication marketplaces with one of the largest supplydemand gaps in the world. Indiamade generic medications can be purchased for a fifth of the cost of their branded counterparts, making them a popular option in less developed nations. Kenya receives imports of drugs and healthcare supplies from all around the world. There are about 300 employees working for it across nine production locations in Cameroon, Namibia, Botswana, and Côte dIvoire. Sinhue Noronha, the companys founder, expects that his business will aid in addressing some of the issues in African healthcare. These include low quality, dependency on imports, affordability, and accessibility. Read More..

B2B Tech News | 2 years ago          

ACCC gives green light to Compare the Market Operator to acquire iSelect

The Australian Competition & Consumer Commission ACCC will not object to Innovation Holdings Australia IHA, which now holds about a 26% share in iSele

The Australian Competition & Consumer Commission ACCC will not object to Innovation Holdings Australia IHA, which now holds about a 26% share in iSelect, buying the comparison website for $72 million. According to the ACCC, it was doubtful that the takeover would significantly diminish competition in the market. The insurance and utility comparison service will be sold by iSelect for 30 cents per share, representing an 87.5% premium over the previous days closing price. Previously, the ACCC looked into a partial acquisition that would have allowed IHA to hold up to 35% of the shares of iSelect. Read More..

B2B Tech News | 2 years ago          

Carousell laid off 10% of its workforce

Carousells CEO and cofounder, Quek Siu Rui, announced that the company will let go of 110 workers, or around 10% of its whole workforce, in order to a

Carousells CEO and cofounder, Quek Siu Rui, announced that the company will let go of 110 workers, or around 10% of its whole workforce, in order to achieve profitability. Quek admitted in a memo to staff that he had been over enthusiastic on the firms impacts speed in relation to its growth in investments. He claimed that while the businesss costs and hiring efforts immediately soared, returns took longer than expected. For each year of service, Carousell will pay affected employees one months income, up to a maximum of three months pay. Read More..

B2B Tech News | 2 years 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.
   4962   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   3469   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   3818   

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.
   3984   

5.  Approximately 8 billion gadgets connect on the internet every day.
   5008   



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.