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Asian FX falls as markets reopen in China, weighing on economic uncertainty

On Thursday, most Asian currencies slowly declined as uncertainty about a U.S. recession and conflicting economic signals from Japan countered optimis

On Thursday, most Asian currencies slowly declined as uncertainty about a U.S. recession and conflicting economic signals from Japan countered optimism about Chinas antiCOVID controls relaxing. China announced the largest COVID limitation easing to date, eliminating many movement restrictions and testing requirements. The Japanese yen decreased by 0.3%, reversing modest gains from Wednesday, as a result of data that revealed an unexpected thirdquarter current account deficit. Read More..

B2B Tech News | 3 years ago          

AD Ports Group signs a cooperation agreement with Africa Finance Corporation

An agreement for cooperation between the Africa Finance Corporation and AD Ports Group has been struck. Together, the two organisations will look for,

An agreement for cooperation between the Africa Finance Corporation and AD Ports Group has been struck. Together, the two organisations will look for, finance, and build infrastructure projects across Africa. AFC has contributed more than US$ 10 billion to infrastructure initiatives throughout Africa over the past 15 years. Africa has the fastestgrowing economies in the world, which calls for the construction of new ports and maritime infrastructure. In order to assist African countries in creating cuttingedge trade centres that can handle the expanding volume of marine trade, the UAE and AD Ports Group have inked a cooperative agreement. Read More..

B2B Tech News | 3 years ago          

Toshiba donates $42,000 to charities in South Dakota

Toshiba America Business Solutions donates $42,000 to the Sam Tronnes Memorial Foundation, LLC, a nonprofit organisation in Mitchell, South Dakota. Th

Toshiba America Business Solutions donates $42,000 to the Sam Tronnes Memorial Foundation, LLC, a nonprofit organisation in Mitchell, South Dakota. The Foundation awards scholarships to Mitchell High School seniors, and through the South Dakota Amateur Hockey Association, it also funds the purchase of sporting goods for underprivileged children. Since 2017, Toshiba has contributed more than $250,000 to support veterans, youth sports, and education, with the help of its business partners and dealers. Read More..

B2B Tech News | 3 years ago          

Angola promotes business with Africa, the Caribbean and the Pacific

Manuel Nunes Junior, the minister of State for Economic Coordination, made the point on behalf of the government that the nation is not only seeking f

Manuel Nunes Junior, the minister of State for Economic Coordination, made the point on behalf of the government that the nation is not only seeking financial resources and cuttingedge technology, but also the knowhow required to diversify and swiftly and effectively boost domestic production of goods and services. The idea was made by Nunes Junior at a business event that was held in conjunction with the Organization of African, Caribbean, and Pacific States 10th Summit, whose proceedings will culminate on Saturday. He claims that during the past five years, authorities have made significant efforts to make Angola a desirable location for both domestic and foreign businesses. Read More..

B2B Tech News | 3 years ago          

Arctic Sweden in the running for European satellite launches

Around 200 kilometres above the Arctic Circle, Esrange is one of the most northern space centres in the world. It was established by the European Spac

Around 200 kilometres above the Arctic Circle, Esrange is one of the most northern space centres in the world. It was established by the European Space Agency ESA in 1966 to investigate atmospheric phenomena and the Northern Lights. This remote region of northern Sweden has previously been used to launch more than 600 suborbital rockets. Esrange is looking forward to being a member of the exclusive club of European facilities as Europe prepares to launch its first satellite into space soon. Additionally, it will host tests of rockets that can land on Earth again, like Elon Musks SpaceX rockets. Read More..

B2B Tech News | 3 years ago          

Northleaf Opens Office in Tokyo and Expands Global Presence in Asia to Meet Growing Investor Interest

Tokyo is Northleafs ninth facility worldwide, expanding on the companys longstanding dedication to the AsiaPacific APAC area. Jeff Pentland, a found

Tokyo is Northleafs ninth facility worldwide, expanding on the companys longstanding dedication to the AsiaPacific APAC area. Jeff Pentland, a founding partner of Northleaf and a member of its Investment Committee, will be in charge of the Tokyo office. Pentland worked in the legal firm of Hamada & Matsumoto for more than 15 years while residing in Japan. To far, public, corporate, and multiemployer pension plans, endowments, foundations, financial institutions, and family offices have committed US$21 billion in equity, private credit, and infrastructure commitments to Northleaf Capital Partners, a worldwide private markets investment company. The 200 specialists on the Northleaf team are solely responsible for finding, analysing, and managing private market assets around the world. Read More..

B2B Tech News | 3 years ago          

The future of fintech in Europe is very similar to traditional banking

The largest fintech companies in Europe are starting to resemble triedandtrue traditional banking. They have been forced to reflect after experiencing

The largest fintech companies in Europe are starting to resemble triedandtrue traditional banking. They have been forced to reflect after experiencing record losses and a sharp decline in the value of the tech sector. Adyens stock has decreased by about 40% over the past year, and Stripe internally reduced its worth by 27%. Following a down round, Klarnas valuation fell to $6.7 billion. Revolut, which is aiming to be a superapp for finance, unveiled a BNPL product in Ireland. Formerly the most valued tech unicorn in Europe, Klarna has been experimenting with a variety of goods, including tools for comparing prices. Adyen will be able to grow in this market because to the banking licences it received in 2017 in Europe and 2018 in the US. Read More..

B2B Tech News | 3 years ago          

DigitalX Sees Crypto Assets Plunge 27% in One Month

In the month of November, DigitalX recorded a 26.8% decline in the value of its namebrand digital assets fund. At the end of November, the group held

In the month of November, DigitalX recorded a 26.8% decline in the value of its namebrand digital assets fund. At the end of November, the group held $11.9 million in Bitcoin and other digital assets, down from $16.6 million in October. Chief Executive Officer Lisa Wade attributed the decline to a chain reaction following the demise of bitcoin exchange FTX, which had its headquarters in the Bahamas. In FY22, DigitalX operated at a consolidated loss of $2.8 million, compared to a net profit after tax of $6.8 million the year before. The share price of the group has decreased 32.5 percent over the last six months and 73% since this time last year. However, DCC shares were steady today at 2.7 cents per share, indicating a market capitalization of $20.1 million. Read More..

B2B Tech News | 3 years ago          



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