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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 | 3 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 | 3 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 | 3 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 | 3 years ago          

A warning to the rest of Europe from inflation in the Baltics.

Inflation has been on the increase across the west to levels previously seen decades ago, but few areas have experienced a spike in prices quite like

Inflation has been on the increase across the west to levels previously seen decades ago, but few areas have experienced a spike in prices quite like Estonia, Latvia and Lithuania, where inflation went above 20 per cent this summer and is currently above 21 per cent in all three nations. According to Gediminas Imkus, the president of Lithuanias central bank, inflation is greater in the Baltics because individuals earn less on average than in much of Europe. Ints Kalnins/Reuters According to imkus, inflation is particularly higher in the Baltics because people there earn less on average than in much of Europe, which means they spend a larger proportion of their income on necessities such as electricity and food, where prices have risen the most. Read More..

B2B Tech News | 3 years ago          

A outreach program is held in order to maximize the potential of the IndiaAustralia ECTA.

The IndoAustralia Economic Cooperation and Trade Agreement ECTA will go into effect on December 29th. The focus of the government and the apparel indu

The IndoAustralia Economic Cooperation and Trade Agreement ECTA will go into effect on December 29th. The focus of the government and the apparel industry is on maximising the benefits of this agreement. The Department of Commerce held the first ECTA outreach session at Apparel House in Gurgaon. The programme also included prominent members of the garment trade from OGTC, ATDC, and GEMA. According to AEPC, Indias garment exports to Australia would triple by 2025. During this outreach campaign, issues such as port procedure simplification and timely facilitation, direct shipping lines with FTA countries, design and fashion mapping, speedier adjudication process, skill mapping, and so on were discussed. Read More..

B2B Tech News | 3 years ago          

With $75 million, Indias Money View is getting close to unicorn status.

Money View, an Indiabased fintech firm, has raised US$75 million in a series E investment round headed by Apis Partners, with participation from Tiger

Money View, an Indiabased fintech firm, has raised US$75 million in a series E investment round headed by Apis Partners, with participation from Tiger Global, Winter Capital, and Evolvence. According to the corporation, it is now worth $900 million. Money View, which was founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, provides personalised credit products such as fast personal loans, cards, BNPL, and personal financial management solutions. According to the company, it disburses over US$1.2 billion in loans on an annual basis and manages over US$800 million. According to Crunchbase, Money View has raised a total of US$183.7 million in investment to far. Read More..

B2B Tech News | 3 years ago          

Due to a lack of funding, delivery apps vanish in Europe.

During the COVID19 restrictions in 2020, demand for grocery delivery services increased dramatically. Gorillas and Flink, two Berlinbased grocery deli

During the COVID19 restrictions in 2020, demand for grocery delivery services increased dramatically. Gorillas and Flink, two Berlinbased grocery delivery apps, both achieved unicorn status in 2021. However, rising inflation through 2022 has reduced overall customer demand for speedy deliveries. The supermarket delivery bubble appears to have finally burst, as investment dollars dwindle and speedy delivery startups struggle to demonstrate profitability. Long have delivery drivers and warehouse workers grumbled about low pay and working conditions. Several Dutch communities have already put temporary bans on new dark businesses. Employees are unsure what Getirs acquisition of Gorillas signifies. Read More..

B2B Tech News | 3 years ago          



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