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Utex Industries, Inc. has announced the acquisition of Ashington, United Kingdombased Sheraton Services Ltd. In the EMEA market, Sheraton became the o

Utex Industries, Inc. has announced the acquisition of Ashington, United Kingdombased Sheraton Services Ltd. In the EMEA market, Sheraton became the official distributor for Utex products. Utex will benefit from its employees combined 120 years of experience in seal design and manufacturing. Read More..

B2B Tech News | 2 years ago          

The Reserve Bank warns Australians to prepare for difficult years ahead to bring inflation back under control

The Reserve Bank of Australia has issued its most recent Statement on Monetary Policy. As long as inflation remains high and unemployment rises, real

The Reserve Bank of Australia has issued its most recent Statement on Monetary Policy. As long as inflation remains high and unemployment rises, real wages will continue to fall. The bank anticipates that inflation will return to its target range of 23% by 2025. This forecast is based on the assumption that the cash rate will peak at 3.6%. Read More..

B2B Tech News | 2 years ago          

HashKey Capital Receives Approval for Fund Administration Services from MAS

The Monetary Authority of Singapore has granted HashKey Capital Singapore inprinciple approval for a capital market services licence. The licence will

The Monetary Authority of Singapore has granted HashKey Capital Singapore inprinciple approval for a capital market services licence. The licence will allow the company to provide fund management services to institutional and accredited investors. It is the latest in the central banks licencing spree. Read More..

B2B Tech News | 2 years ago          

CocaCola offers voluntary placements to certain employees in North America

In North America, CocaCola is providing voluntary buyouts to a portion of its employees. The business declined to specify which occupations or how man

In North America, CocaCola is providing voluntary buyouts to a portion of its employees. The business declined to specify which occupations or how many employees may be impacted or lost. It joins the list of businesses cutting staff costs in a slowing economy. Alfredo Rivera, the companys president of its North America division, announced his retirement earlier this year. Read More..

B2B Tech News | 2 years ago          

Global Automotive Artificial Intelligence Market Report 2022 Strategic Partnerships Crucial for Further Growth

At a CAGR of 40.79%, the global automotive artificial intelligence market is expected to reach $7.78 billion by 2026. The increase is primarily due to

At a CAGR of 40.79%, the global automotive artificial intelligence market is expected to reach $7.78 billion by 2026. The increase is primarily due to companies reorganising their operations and recovering from the impact of COVID19. In the automotive industry, artificial intelligence has numerous applications. A selfdriving car is a vehicle that travels to destinations without the assistance of a human driver by utilising various sensors, radars, cameras, and artificial intelligence. According to Deloitte, the global automotive AI market will reach approximately $27 billion in 2025. Read More..

B2B Tech News | 2 years ago          

The turmoil in the energy market is shaking the European green energy plan

Market volatility is threatening Europes plan to roughly double renewable energy generation by the end of the decade. Russias war on Ukraine, as well

Market volatility is threatening Europes plan to roughly double renewable energy generation by the end of the decade. Russias war on Ukraine, as well as the disruption of Europes gas supplies, has accelerated the European Unions transition to carbonfree energy. It is in the process of negotiating a legally binding target of generating 45 percent of its energy from renewable sources by 2030. Read More..

B2B Tech News | 2 years ago          

At the end of the moment of strong investment growth, proptech Superdraft goes into liquidation

Superdraft, a business situated in the Gold Coast, has filed for bankruptcy. According to founder Mark Deacon, a term sheet for raising $18 million wa

Superdraft, a business situated in the Gold Coast, has filed for bankruptcy. According to founder Mark Deacon, a term sheet for raising $18 million was signed with a potential investor. In August, the agreement was delayed a third time, putting another coinvestment in doubt. Assets for the business are estimated to be around $77909. An estimated $2.16 million is owing to creditors, according to a list of creditors. Deacon If we knew this wasnt going to come through, we wouldnt have let it run that long or that far. Read More..

B2B Tech News | 2 years ago          

Stripe is laying off 14% of its staff due to the economic downturn

Global financial leader Stripe announced that it would reduce its workforce by 14% in an effort to prepare for leaner times. The founders of the com

Global financial leader Stripe announced that it would reduce its workforce by 14% in an effort to prepare for leaner times. The founders of the company, Stripe, stated in an email to staff that they want to match the speed of investment with current conditions, such as inflation, energy shocks, higher interest rates, smaller investment budgets, and scarcer startup funding. The company estimates that after the layoffs, its workforce would be reduced to just under 7,000 individuals. 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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