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Inflation reaches a new record of 10.7% in Europe, the economy slows down

Annual inflation reached 10.7 percent in October, according to Eurostat, the European Unions statistics agency, on Monday. It is the highest since sta

Annual inflation reached 10.7 percent in October, according to Eurostat, the European Unions statistics agency, on Monday. It is the highest since statistics for the eurozone began in 1997. To keep generating electricity and heating homes, Europe has had to rely on costly shipments of liquefied gas by ship from the United States and Qatar. The European inflation outbreak has been a global phenomenon, sending prices to near 40year highs in the United States as well. Food, alcohol, and tobacco have increasingly joined energy prices as major contributors, with energy prices rising by an astounding 41.9 percent. Many economists predict that the economy will contract in the final months of this year and the first half of next year. Read More..

B2B Tech News | 2 years ago          

Asian equities rise as investors watch the Fed rate decision

Despite mild losses on Wall Street overnight, Asian shares and bond yields rose in early trade on Tuesday. Investors are looking for clues on what wil

Despite mild losses on Wall Street overnight, Asian shares and bond yields rose in early trade on Tuesday. Investors are looking for clues on what will happen next at the Federal Reserves policy meeting this week. On Wednesday, the Fed is almost certain to raise interest rates by 75 basis points. Read More..

B2B Tech News | 2 years ago          

Australias fintech space grows to 775 active companies

According to KPMG, the number of fintech companies in Australia increased by 8% in the last year to 775. According to the report, despite volatility,

According to KPMG, the number of fintech companies in Australia increased by 8% in the last year to 775. According to the report, despite volatility, the blockchain and cryptocurrency sector has been the fastest growing subsector in the ecosystem, up 18% from 2021. Over US$29.6 billion in space investment was recorded in the first half of 2022. According to KPMG Australias Dan Teper, the balance between revenue growth and profitability is shifting, with investors demanding a higher level of transparency. More consolidation is likely as existing players seek scale and cost efficiencies. Read More..

B2B Tech News | 2 years ago          

Standard Bank open to acquisitions in Nigeria, Kenya

The lender is also looking to expand its operations in Ethiopia and its home market of South Africa. In 2007, Standard Bank paid $400 million to acqui

The lender is also looking to expand its operations in Ethiopia and its home market of South Africa. In 2007, Standard Bank paid $400 million to acquire control of its Nigerian subsidiary. Stanbic IBTC Holdings Plc increased its profit by 38% in the six months to June. Standard Bank sees Nigeria as a great opportunity to expand in Africas largest economy. The lender also intends to expand its midsized business in the Kenyan market. The earnings outlook for Standard Bank has improved, and the stronger backdrop allows the lender to focus on building exposure. Read More..

B2B Tech News | 2 years ago          

European markets close higher despite inflation and GDP paint a gloomy picture Up 6% for October

On Monday, European stocks were mostly higher as investors processed the European Central Banks decision to raise interest rates. By the close, the pa

On Monday, European stocks were mostly higher as investors processed the European Central Banks decision to raise interest rates. By the close, the panEuropean Stoxx 600 had risen 0.4%, with travel and leisure stocks up 1.5% and retail stocks down 0.5%. Stocks fell on Wall Street on Monday, but the major averages were poised to end a twomonth losing streak. Read More..

B2B Tech News | 2 years ago          

Australian software company ReadyTech receives a $ 308 million offer from the PE firm

Pacific Equity Partners PEP, one of Australias largest private equity firms, made a buyout offer of A$481.4 million $308.3 million. The proposed A$4.5

Pacific Equity Partners PEP, one of Australias largest private equity firms, made a buyout offer of A$481.4 million $308.3 million. The proposed A$4.50 per share price is nearly 39% higher than the stocks last close. It is the third investment for an Australian technology company since last week, indicating growing interest in the sector amid low valuations. Read More..

B2B Tech News | 2 years ago          

Southeast Asias $300 billion digital economy is driving phenomenal growth

Southeast Asias thriving digital economy is expected to exceed $300 billion by 2026. Emerging threats and vulnerabilities increase the risk of fraud.

Southeast Asias thriving digital economy is expected to exceed $300 billion by 2026. Emerging threats and vulnerabilities increase the risk of fraud. Each markets payment system has distinct characteristics and, as a result, distinct vulnerabilities. Any business that operates in the region must be highly localised and comprehended. 2C2P is pleased to collaborate with the MRC to commission this important report, which we hope will support more secure and riskfree growth for businesses throughout Southeast Asia. The IDC Infobrief identifies appropriate methods for businesses to reduce the risk of fraud by identifying the best payments partner. Read More..

B2B Tech News | 2 years ago          

Mango invests in the textile waste startup “Recovo”

Mango, a Spanish apparel manufacturer, has invested in the B2B marketplace Recovo. Deadstock fabric that would otherwise be regarded as textile trash

Mango, a Spanish apparel manufacturer, has invested in the B2B marketplace Recovo. Deadstock fabric that would otherwise be regarded as textile trash is Recovos specialty. Recovos textile waste company will benefit from a convertible equity loan from Mango as part of the agreement. The clothing company is the first in the world to sign up for the Fashion Pact, which aims to decrease the environmental impact of the fashion sector. Mango ratified the Fashion Industry Charter for Climate Action in 2019. Read More..

B2B Tech News | 2 years ago          



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