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In Colombia, drilling pays the bills. The countrys leaders want to stop the oil.

Millions of barrels of oil have been extracted by Colombia from beneath a sizable savanna. This year, voters broke that tradition by electing the firs

Millions of barrels of oil have been extracted by Colombia from beneath a sizable savanna. This year, voters broke that tradition by electing the first leftleaning president in two centuries. The goal of Gustavo Petro is to phase out oil while imposing high taxes on coal mining firms. A new generation of climateconscious Latin American leaders is led by Petro. Juan Manuel Petro, the oilrich president of Colombia, has pledged to halt fossil fuel exploration and levy a windfall tax on coal and oil extraction corporations. If he succeeds in his mission, Colombia will be the first significant oilproducing nation to halt drilling in the entire world. The government has requested an additional six months to develop the specifics of its energy transition. Read More..

B2B Tech News | 2 years ago          

Tame Impalabacked biotech ULUU raises $8 million to fight plastic waste with algae

CSIRO investor Main Sequence leads a $8 million seed round for a biomaterials company in Perth. Using farmed seaweed, seawater, and microbes in a ferm

CSIRO investor Main Sequence leads a $8 million seed round for a biomaterials company in Perth. Using farmed seaweed, seawater, and microbes in a fermentation process, polyhydroxyalkanoates PHAs are produced. Many of the plastics we currently use in clothing, packaging, accessories, and other products could potentially be completely replaced by ULUUs natural polymers in the future. The polymer is created using a fermentation process similar to that used to make beer, and it can decompose in the ocean within months. Read More..

B2B Tech News | 2 years ago          

Nigeria approves 1,650 MW hydroelectric project, says an official

The vice presidents spokeswoman announced on Tuesday that Nigeria had approved the construction of a 1,650 megawatt MW hydroelectric facility at a cos

The vice presidents spokeswoman announced on Tuesday that Nigeria had approved the construction of a 1,650 megawatt MW hydroelectric facility at a cost of $3 billion, making it one of the nations largest single power projects. Increasing power supply is anticipated to be the primary priority of President Muhammadu Buharis successor, who will take office after the 2019 elections. The largest economy in Africa struggles with low power output and inadequate transmission infrastructure, which forces many homes and businesses to rely on diesel generators. Read More..

B2B Tech News | 2 years ago          

Metaverse could pump $1.4 trillion annually into Asian GDP

Metas massive bet on the metaverse may have put the company in jeopardy, but a recent Deloitte analysis says that virtual realities could have a tran

Metas massive bet on the metaverse may have put the company in jeopardy, but a recent Deloitte analysis says that virtual realities could have a transformational influence on Asian economies. According to the consulting firm, the metaverses contribution to Asias GDP could be between $800 billion and $1.4 trillion per year by 2035. The metaverse is no longer science fiction. Millions are already using early metaverse systems, it added. Read More..

B2B Tech News | 2 years ago          

SoftBank cancels $100 million investment in bankrupt crypto exchange FTX

SoftBank, a Japanese investment firm, is said to have written off around $100 million it put in the nowbankrupt FTX as part of its Vision Fund 2. Soft

SoftBank, a Japanese investment firm, is said to have written off around $100 million it put in the nowbankrupt FTX as part of its Vision Fund 2. SoftBank has reduced its shareholding to zero, claiming that it would not experience a meaningful markdown in the value of its stake. SoftBank invested in FTX after it raised $400 million in January, valuing it at $32 billion. Read More..

B2B Tech News | 2 years ago          

Tredegar Board of Directors Announces Quarterly Dividend

Tredegar Corporations NYSETG board of directors declared a quarterly dividend of thirteen cents $0.13 per share on the companys common stock. The divi

Tredegar Corporations NYSETG board of directors declared a quarterly dividend of thirteen cents $0.13 per share on the companys common stock. The dividend will be paid on January 1, 2023 to shareholders of record as of December 16, 2022. Tredegar Corporation is an industrial manufacturer that specialises in three areas custom aluminium extrusions for the North American building and construction, automotive, and specialty enduse markets surface protection films for hightechnology applications in the global electronics industry and specialised polyester films primarily for the Latin American flexible packaging market. Tredegar had $826 million in sales from continuing operations in 2021. The Company employs around 2,300 people and has manufacturing locations in North America, South America, and Asia. Read More..

B2B Tech News | 2 years ago          

Timothy Bonin switches to UMB Fund Services from BMO.

Timothy Bonin has left BMO Global Asset Management to join UMB Fund Services as director of fund operations. For more than 16 years, Bonin was the vic

Timothy Bonin has left BMO Global Asset Management to join UMB Fund Services as director of fund operations. For more than 16 years, Bonin was the vice president, chief financial officer, and treasurer of BMO Funds, based in Wisconsi. Bonin has over 25 years of experience in financial services, including investment advisory, openend mutual funds, closedend mutual funds, exchangetraded funds, and hedge funds. From 1993 through 2006, Bonin was also a senior financial services manager at PwC. Read More..

B2B Tech News | 2 years ago          

Innophos Launches New Website for AsiaPacific Food and Beverage Market

Innophos, a global pioneer in phosphate solutions for the food and beverage industries, recently established an Asia Pacificfocused website. The redes

Innophos, a global pioneer in phosphate solutions for the food and beverage industries, recently established an Asia Pacificfocused website. The redesigned website includes duallanguage capabilities to reach customers who speak both Chinese and English. Eight years ago, Innophos Asia Pacific established a manufacturing facility in Taicang City, Jiangsu, China. The company provides a comprehensive selection of food and beverage phosphates, nonphosphate mixes, and allergenfree products. Read More..

B2B Tech News | 2 years ago          



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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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