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Uruguays global aspirations upend the Mercosur trade bloc in Latin America.

Uruguays probusiness president, Luis Lacalle Pou, wants to open up to the rest of the world. He has been busy negotiating new trade agreements outside

Uruguays probusiness president, Luis Lacalle Pou, wants to open up to the rest of the world. He has been busy negotiating new trade agreements outside of the regional organisation. Other Mercosur members have warned Uruguay with sanctions if it pursues trade accords on its own. Uruguays foreign minister insists that the country wants to modernise rather than leave the EU. Argentina and Brazil are responsible for roughly 90% of the blocs GDP. Some argue that the two larger countries merely utilise Mercosur as a trade barrier against competition. Read More..

B2B Tech News | 2 years ago          

Energy shortage will cause the eurozone to contract in 2023, economists predict.

The eurozone economy is expected to contract next year as a result of high prices and likely energy shortages. Almost 90% of the 37 analysts polled by

The eurozone economy is expected to contract next year as a result of high prices and likely energy shortages. Almost 90% of the 37 analysts polled by the Financial Times said the eurozone was already in recession. The majority of economists predict that GDP will fall throughout next year. The FT polled economists, who predicted a 4.7% drop in eurozone housing prices next year. They estimated that prices will rise by 2.7% this year on average. Forecasters were also overly enthusiastic about growth, anticipating a little less than 4% in 2022. This is far higher than the ECBs initial prediction of 3.4%. Read More..

B2B Tech News | 2 years ago          

In order to increase African exports, Prosper Africa is investing $170 million.

Prosper Africa is a US government effort aimed at increasing twoway commerce and investment between African countries and the US. The project intends

Prosper Africa is a US government effort aimed at increasing twoway commerce and investment between African countries and the US. The project intends to increase African exports to the United States by $1 billion over the next five years. New collaborations will help to boost supply chain activities on the continent and move the African Continental Free Trade Area forward AfCFTA. Since 2019, the US government has assisted in the completion of 1,100 transactions in 49 African countries worth a total of $65 billion. It also announced new collaborations to raise $1 billion in private money to enhance African infrastructure and innovation. Read More..

B2B Tech News | 2 years ago          

Global Forecasts for the Outsourcing Services Markets to 2027 $900 Billion.

The global outsourcing services market was worth US$620.381 billion in 2020 and is predicted to increase at a CAGR of 5.54% over the forecast period t

The global outsourcing services market was worth US$620.381 billion in 2020 and is predicted to increase at a CAGR of 5.54% over the forecast period to reach US$904.948 billion in 2027. Because of the increasing acceptance of virtualization within enterprises, costeffective outsourcing services have become popular. The COVID19 epidemic caused a global economic slump, although the outsourcing services sector saw increased demand. Read More..

B2B Tech News | 2 years ago          

EEPCs applaud Indias government for its trade agreements with Australia and the United Arab Emirates.

According to EEPC India, the country has benefited from preferential market access offered by the UAE on more than 97 percent of its tariff lines. Bil

According to EEPC India, the country has benefited from preferential market access offered by the UAE on more than 97 percent of its tariff lines. Bilateral commerce in products and services with Australia increased by 106.5 percent in FY22, reaching US$ 25.04 billion from FY21. The IndiaUAE CEPA is estimated to enhance the overall value of bilateral goods trade to more than $100 billion. The IndiaAustralia ECTA will increase Indias gem and jewellery exports to Australia from US$350 million to US$800 million. Read More..

B2B Tech News | 2 years ago          

Despite light trading, the South African rand strengthens.

South Africas rand rose against the dollar in early trade on Wednesday, despite light trading in a holidayshortened week. At 0645 GMT, the rand was tr

South Africas rand rose against the dollar in early trade on Wednesday, despite light trading in a holidayshortened week. At 0645 GMT, the rand was trading at 17.1600 per dollar, 0.54% higher than its previous close. The dollar index, which compares the currency to six rivals, was unchanged at 104.21. Local investors will be looking for signals on the health of the South African economy in the November trade balance ZATBAL=ECI numbers, which are coming later at 1200 GMT. The yield on the governments benchmark 2030 bond rose 8 basis points to 10.250% in early trading. Read More..

B2B Tech News | 2 years ago          

Eric Anziani, the COO of Crypto Dot Com, is now the president.

Eric Anziani, Crypto.coms chief operations officer, has been appointed to president of the digitalasset exchange firm. Anziani will continue to serve

Eric Anziani, Crypto.coms chief operations officer, has been appointed to president of the digitalasset exchange firm. Anziani will continue to serve as COO in addition to his new responsibilities, which include overseeing global payments, onboarding, and customer experience. Anziani joined Crypto.com in 2018 and is credited for increasing the companys user base to over 70 million people, obtaining licences in several jurisdictions, and extending the firms product and NFT services. He previously worked at McKinsey, PayPal, Goldman Sachs, and Global Fashion Group before joining Crypto.com. Crypto.com reportedly laid off 2,000 of its more than 4,500 staff in October. Read More..

B2B Tech News | 2 years ago          

Customers of FTX bring a class action to recover disappearing assets.

Customers of the bankrupt cryptocurrency exchange FTX have filed a class action lawsuit. The lawsuit seeks a declaration that the companys digital ass

Customers of the bankrupt cryptocurrency exchange FTX have filed a class action lawsuit. The lawsuit seeks a declaration that the companys digital assets are the property of its customers. After questions about its finances appeared, FTX halted withdrawals and declared bankruptcy last month. Sam BankmanFried faces charges coming from a fraud of colossal dimensions . The proposed class seeks to represent over one million FTX customers in the United States and around the world. BankmanFried acknowledged riskmanagement errors at FTX but claims he is not criminally liable. Customers seek a judgement stating that they have a right to repayment earlier to other creditors. Read More..

B2B Tech News | 2 years ago          



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