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Matthew Wilson resigns from the post of British group leader

Matthew Wilson, the group CEO of Brit Ltd, has announced his retirement. He will remain an executive advisory director for Fairfax Financial Holdings

Matthew Wilson, the group CEO of Brit Ltd, has announced his retirement. He will remain an executive advisory director for Fairfax Financial Holdings Fairfax. Martin Thompson will take over as Kis new group CEO and executive chairman on October 31st. Wilsons role in driving Brits reputation for being forwardthinking and inclusive, according to Prem Watsa, chairman and CEO of Fairfax Financial Holdings. He will always be a friend to Brit, and he leaves a lasting legacy of success across the entire organisation.  Read More..

B2B Tech News | 2 years ago          

Gold coins to rescue in Zimbabwe

9,516 gold coins totaling Z$9bn US$1=Z$650 had been sold to both private individuals and businesses. Following a surge in inflation from 191% in June

9,516 gold coins totaling Z$9bn US$1=Z$650 had been sold to both private individuals and businesses. Following a surge in inflation from 191% in June to 257% in July of this year, the Zimbabwean government made gold coins legal money. Each coin has a 22 carat purity and weighs one troy ounce. Read More..

B2B Tech News | 2 years ago          

MENA, Central Asia economies show resilience but global headwinds loom

States in emerging markets and those with intermediate incomes experience significant terms of trade shock and limited access to market funding. In co

States in emerging markets and those with intermediate incomes experience significant terms of trade shock and limited access to market funding. In comparison to the April prediction of 2.6%, the impact of the Ukraine crisis on the Caucasus and Central Asia CCA is projected to decelerate to 3.8% in 2022. A 5.6% CCA increase was predicted by the IMF for 2021 as a result of Russias economic stimulus and robust trade. Read More..

B2B Tech News | 2 years ago          

Overview of UPL results higher crop prices, higher prices to support performance

Higher crop prices are expected to drive a 16 percent increase in UPLs Latin America business in the September quarter. According to brokerage firm Ph

Higher crop prices are expected to drive a 16 percent increase in UPLs Latin America business in the September quarter. According to brokerage firm Phillip Capital, UPLs North America, India, and Rest of World operations are anticipated to rise by 15% to 25%. UPLs revenue growth of 27% in the June quarter was driven by 18% price increases, 3% exchange rate changes, and 6% volume growth. While ADIA, Brookfield, and TPG will each own 9.09 percent of UPL SAS, KKR will own 13.33 percent of Global Seeds Platform. Read More..

B2B Tech News | 2 years ago          

World Bank approves $275 million in development assistance for Zambia

The monies are made accessible by the International Development Association IDA, a World Bank subsidiary. Zambia became the first African country to d

The monies are made accessible by the International Development Association IDA, a World Bank subsidiary. Zambia became the first African country to default on its external debt, which is believed to be $17.3 billion, since the Covid19 pandemic began. Hakainde Hichilemas election to the presidency in 2021 on pledges to root out chronic corruption and resurrect the economy has improved relations with creditors and international donors. Read More..

B2B Tech News | 2 years ago          

MRI Software enters into a $93.4 million deal to acquire the real estate software group PropTech

PropTech Group ASX has agreed to be bought by MRI Software for $93.4 million in cash. The board of directors of the Melbournebased PropTech Group unan

PropTech Group ASX has agreed to be bought by MRI Software for $93.4 million in cash. The board of directors of the Melbournebased PropTech Group unanimously recommends that shareholders accept the acquisition offer of $0.60 per share. More than 60,000 property professionals are said to use PropTechs brands. In the previous year, the business processed more than $179 billion in property sales. MRI Software and PTG have agreed on a plan of action for PropTechs acquisition. Read More..

B2B Tech News | 2 years ago          

Global markets Asian stocks increase on anticipation of a pause in Fed hikes.

Gains in Hong Kong, Australia, and Korea lifted the MSCI AsiaPacific exJapan index up 0.8%. Following dismal economic data, Chinese markets plummeted.

Gains in Hong Kong, Australia, and Korea lifted the MSCI AsiaPacific exJapan index up 0.8%. Following dismal economic data, Chinese markets plummeted. The performance comes after a Friday gain on Wall Street, although bond and currency markets are dampening bets on the Fed changing its tone. According to an official survey released on Monday, Chinas industry activity dipped unexpectedly in October. Investors were particularly concerned by the resignation of the chairman of Beijingbased property developer Longfor Group. The Fed is almost certain to raise rates by 75 basis points on Wednesday, with markets focusing on the Feds outlook message. Read More..

B2B Tech News | 2 years ago          

NICO Raises $12.5M in Oversubscribed Investment Round

The $12.5 million capital offering by NICO Corporation was successful in an oversubscribed round. A significant movement toward minimally invasive sur

The $12.5 million capital offering by NICO Corporation was successful in an oversubscribed round. A significant movement toward minimally invasive surgery is taking place in the companys target markets for neurosurgery. NICO recorded a 25% increase in revenue in 2021, and this years growth is anticipated to be similar. Read More..

B2B Tech News | 2 years ago          



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