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Federal criminal investigation of SPAC transaction subpoenas Trump media business

Digital World Acquisition Corp. says it has been subpoenaed by a federal grand jury in connection with a criminal probe. The Trump company also receiv

Digital World Acquisition Corp. says it has been subpoenaed by a federal grand jury in connection with a criminal probe. The Trump company also received a subpoena from the Securities and Exchange Commission regarding a civil probe. TMTG said it would comply with the subpoenas and that none of them were directed at its chairman, Trump, or CEO, former U.S. Rep. Devin Nunes. The company was also served with a subpoena from the SEC last week. A board member told management that he would quit the board during the previous week, the company said on Monday. The companys parent company, Trump Media, was incorporated in February 2021, months after Trump left office. A board member told management he would quit the board last week but said his resignation was unrelated to the companys operations. Read More..

B2B Tech News | 2 years ago          

According to a German traffic agency, 59,000 Tesla Models Y and 3 have a software issue

Tesla recalled Tesla models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. A software flaw w

Tesla recalled Tesla models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. A software flaw was causing a breakdown of the eCall, which was designed to automatically contact emergency responders in the event of a serious accident. It is an added headache for Chief Executive Officer Elon Musk after Tesla said it delivered 17.9 percent fewer electric vehicles in the second quarter than the previous quarter. Read More..

B2B Tech News | 2 years ago          

Safaricom sees longterm margins of 40% in its Ethiopian business

The new Ethiopian operation of Kenyas Safaricom Plc aspires to have gross margins of 40%. The companys financial goals, which include breaking even in

The new Ethiopian operation of Kenyas Safaricom Plc aspires to have gross margins of 40%. The companys financial goals, which include breaking even in four years, have been made public by the Vodacom Group of South Africa, which owns a 35% stake in the publiclytraded company on the Nairobi Securities Exchange. Over the next five years, the subsidiary intends to invest between $1.5 billion and $2 billion in infrastructure development and the introduction of new services. To have 1,000 workers by 2020, it has hired more than 300 people. Safaricom Ethiopia, of which the Kenyan multinational owns 55.7 percent, received an operating license in July 2021. Read More..

B2B Tech News | 2 years ago          

Vietnam approves national foreign investment strategy

Vietnams economic strategy for foreign investment aims to increase the share of registered foreign investment capital from Asia, Europe, and the US so

Vietnams economic strategy for foreign investment aims to increase the share of registered foreign investment capital from Asia, Europe, and the US so that it represents more than 70% of the total disbursed in Vietnam by 2025 and 75% by 2030. Another objective mentioned in Decision 667 is to place Vietnam in ASEANs top three and the worlds top 60 in terms of the business environment. The national 10 year strategy focuses to better its business environment regarding the policies and supporting infrastructure and develop a strong domestic business sector. This usually means that the government is trying to make Vietnam an attractive investment target for foreign capital. Meanwhile, the strategy calls on national ministries and agencies to accelerate the country’s other competitive challenges, such as institutional reforms or public management of intellectual property. Read More..

B2B Tech News | 2 years ago          

DRDO successfully made the inaugural flight of an unmanned combat aircraft

Ceremonial Demonstration of Autonomous Wing Technology Announced by Defence Research and Development Organisation DRDO The Aeronautical Mountain Rang

Ceremonial Demonstration of Autonomous Wing Technology Announced by Defence Research and Development Organisation DRDO The Aeronautical Mountain Range in Chitradurga, Karnataka, was the site of the exercise. DRDO, This flight represents a significant advancement in the demonstration of key technology for the creation of upcoming unmanned aerial vehicles. The Bengalurubased Aviation Development Institute ADE, the DRDOs primary research facility, designed and created the aircraft, the New Delhibased corporation claimed. Read More..

B2B Tech News | 2 years ago          

Kenya The government bank is using a $ 90 million business intelligence tool to improve transaction efficiency

The Kenya Trade Network Authority KenTrade has invested $90 million in business intelligence BI tools. In this step, the agency uses relevant data fro

The Kenya Trade Network Authority KenTrade has invested $90 million in business intelligence BI tools. In this step, the agency uses relevant data from the stakeholder system. BI instruments launched on June 30, 2022. Kenya is an important regional gateway to East Africa, inland, and the Great Lakes countries. The northern corridor connects the port of Mombasa to Uganda the massive transport route, Burundi, the Democratic Republic of the Congo, Rwanda, and South Sudan. KenTrade updated TradeNet to improve efficiency. Read More..

B2B Tech News | 2 years ago          

Texco Global has agreed to buy the Italian Liquid Press Group

DexKo Global Inc., the Novibased supplier of engineered trailer running gear, chassis assemblies, and related components, has agreed to acquire Italys

DexKo Global Inc., the Novibased supplier of engineered trailer running gear, chassis assemblies, and related components, has agreed to acquire Italys FluidPress Group. The terms of the transaction were not revealed. DexKo will work closely with Safim Brakes in Modena, Italy, which has been part of DexKo and ALKO Vehicle Technology since 2019. Aldo Tagliavento, chairman of FluidPress, who will continue to serve the business as a director, said we are proud to be part of DexKo, a global industrial group that will strengthen FluidPress’ worldwide presence. Read More..

B2B Tech News | 2 years ago          

Zontes, a Chinese motorcycle manufacturer, teams up with Adishwar Auto to sell in India

Leading Chinese motorcycle brand Zonets has partnered with Adishwar Auto Ride in Hyderabad to enter the Indian market, and they are ready to launch fi

Leading Chinese motorcycle brand Zonets has partnered with Adishwar Auto Ride in Hyderabad to enter the Indian market, and they are ready to launch five vehicles on June 30th. Adishwar Auto Ride is already working with an Italian company. Bicycle manufacturers are Benelli, Moto Morini, and Hungarian Keyway. Zonets is currently present in 55 countries, including England, Italy, Spain, France, Belgium, Brazil, Malaysia, and Thailand. The Chinese motorcycle brand specializes in the production of motorcycles with advanced industrial equipment on a robotic production line. 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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