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Japans SoftBank returns to profit as investments pick up

Sales for the quarter increased from 1.5 trillion yen to 1.6 trillion yen $11 billion, up from a loss of 398 billion yen a year earlier, the company r

Sales for the quarter increased from 1.5 trillion yen to 1.6 trillion yen $11 billion, up from a loss of 398 billion yen a year earlier, the company reported. Profits from prepaid contracts using Alibaba shares, a decrease in interestbearing debt, and investment gains were a few of the elements increasing its bottom line, according to SoftBank. More than 4 trillion yen $28 billion in profits were generated by the settlement of prepaid shares in the massive ecommerce company Alibaba. Among the many businesses that SoftBank invests in include mobile carrier SoftBank, web services provider Yahoo, and vehicleforhire business Didi. Read More..

B2B Tech News | 2 years ago          

COP 27 events highlight the power of finance for climate, adaptation in Africa

Humane immigration and fair trade regulations are necessary for reimagining the financial framework for climate change. This was the takeaway from a s

Humane immigration and fair trade regulations are necessary for reimagining the financial framework for climate change. This was the takeaway from a side event of the 27th UNFCCC Conference of Parties in Sharm elSheikh. The Scottish Government and University College London Institute for Innovation and Public Purpose coordinated the event. The Multilevel Action Pavilion is being organised by ICLEI, the focal point of the LGMA Constituency, along with more than 40 other partners at COP 27. Sessions at the Pavilions agenda will focus on how local and regional organisations can take successful action at various levels of governance. Read More..

B2B Tech News | 2 years ago          

The Australian Albanian hopes to ask Xi to lift trade restrictions

If the two leaders meet for the first time this month, Anthony Albanese plans to persuade Chinese President Xi Jinping to lift trade restrictions on b

If the two leaders meet for the first time this month, Anthony Albanese plans to persuade Chinese President Xi Jinping to lift trade restrictions on billions of dollars worth of exports. After years of strained relations, the Australian leader says he wants to build a relationship with China based on cooperation and the common good. Recent years have seen a deterioration in the two nations relations due to a number of disagreements, notably the COVID19 epidemic and human rights concerns. Since 2020, China has imposed restrictions on Australian exports worth billions of dollars. Read More..

B2B Tech News | 2 years ago          

Vietnams F88 secures $60m loan, plans to go public by 2024

F88, a financial services startup with headquarters in Vietnam, claimed to have obtained a US$50 million loan from Lending Ark as well as an additiona

F88, a financial services startup with headquarters in Vietnam, claimed to have obtained a US$50 million loan from Lending Ark as well as an additional US$10 million loan from Lendable. F88 stated in a statement that due to a delay in corporate bond issuances in Vietnam, the company must diversify its sources of funding. The startup currently has 800 locations nationwide, and by 2024, when it might file for an IPO, it hopes to have 1,400 locations. In order to enable customers to quickly obtain loans to finance their electronics purchases, it established a partnership with Mobile World, the largest electronics retailer in Vietnam, in 2021. Read More..

B2B Tech News | 2 years ago          

UK economy shrinks as economists warn of further suffering

According to the Office for National Statistics, between July and September, the economy fell by 0.2%. Although the decrease was less severe than anti

According to the Office for National Statistics, between July and September, the economy fell by 0.2%. Although the decrease was less severe than anticipated, experts predict more contraction for many months to come. As a result of Russias invasion of Ukraine, food and energy prices are rising, which is hurting Britains economy. Read More..

B2B Tech News | 2 years ago          

Australia the market climbs to its highest level in five months

The benchmark S&P/ASX200 index was at its highest level in five months at closing bell, up 193.94 points, or 2.78%, to 7,157.95. Overall, 10 out of 11

The benchmark S&P/ASX200 index was at its highest level in five months at closing bell, up 193.94 points, or 2.78%, to 7,157.95. Overall, 10 out of 11 sectors experienced declines, with the information technology industry outperforming others up 5%. The big four banks gained between 1.1% and 2% as financials soared 2.1%. After reaching an agreement with Tennis Australia to broadcast The Australian Open and other regional competitions until 2029, Nine Entertainment shares increased by 4%. Read More..

B2B Tech News | 2 years ago          

US Department of Justice asks Binance for information about FTX

According to reports, Binance is being pressed by the US Department of Justice for information regarding its recent conversations with FTX. In respons

According to reports, Binance is being pressed by the US Department of Justice for information regarding its recent conversations with FTX. In response to due diligence and the latest news reports regarding mishandled customer funds, Binance cancelled a deal to acquire FTX. Read More..

B2B Tech News | 2 years ago          

United give drivers 5% pay rises earlier, citing return to profitability

In accordance with a pandemic costreduction deal, United Airlines is granting pilots 5% raises. A new contract is being discussed between the Chicagob

In accordance with a pandemic costreduction deal, United Airlines is granting pilots 5% raises. A new contract is being discussed between the Chicagobased carrier and the Air Line Pilots Association. At United and other carriers, communication has been challenging. Next week, United pilots intend to picket in front of their flight school. 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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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.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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