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European markets fell sharply as global shares retreated. Stokes 600 drops 1.9%

Early in the afternoon, the panEuropean Stoxx 600 was down 0.6% after partially recovering from earlier losses of nearly 2%. After an extremely turbul

Early in the afternoon, the panEuropean Stoxx 600 was down 0.6% after partially recovering from earlier losses of nearly 2%. After an extremely turbulent night for markets in the AsiaPacific, there was negative trading in Europe. After the S&P 500 hit a new 2022 low, several important indexes in the area fell by more than 2%. The Bank of Englands announcement that it would suspend its sale of U.K. gilts the following week and temporarily buy longdated bonds for two weeks in order to quell the market chaos caused by the new British governments alleged "minibudget" was the days major financial news in Europe. Read More..

B2B Tech News | 2 years ago          

An Emerging Leader in Digital Engineering Services, Solvd Inc., Has a Majority Stake Acquired by Siguler Guff

Solvd secured a majority stake in Siguler Guff & Company, LP, a global, multistrategy private markets investment firm with extensive experience in the

Solvd secured a majority stake in Siguler Guff & Company, LP, a global, multistrategy private markets investment firm with extensive experience in the digital product development industry. Solvd serves Fortune 500 clients in several highgrowth industries, including FinTech, Retail, Media & Entertainment, Software, and Health & Wellness. The company will also seek to further support its management team by adding sales and engineering professionals in the United States. Solvd is a global technology consulting and software development company with more than 600 engineers in eight countries in Latin America, North America and Europe. Solvd has developed a core competency in software QA consulting and test automation and its solutions have been extended to include custom application development, DevOps, AR/VR development, among others. The company has also developed a rich intellectual property library that includes Zebrunner, an innovative proprietary quality management platform. Read More..

B2B Tech News | 2 years ago          

As an excise discount expires, Australian drivers might see a petrol price increase of up to 24% per litre

The Albanese government has resisted pressure to extend the halving of the fuel tax, which expires at midnight Wednesday, by six months. The policy, i

The Albanese government has resisted pressure to extend the halving of the fuel tax, which expires at midnight Wednesday, by six months. The policy, inherited from the Morrison government, cost the budget $ 3 billion. The Australian Competition and Consumer Commission has warned petrol stations that they will be looking for outlets to pass the increase on to customers. The Albanian government has resisted pressure to extend the halving of the fuel tax, which expires at midnight Wednesday, by six months. The policy, inherited from the Morrison government, cost the budget $ 3 billion. Motorists group NRMA said recent increases at the Bowser showed companies had raised prices far beyond what was warranted by global market conditions. Read More..

B2B Tech News | 2 years ago          

Chinese yuan Exchange rate plunges to record lows versus the US currency

The Chinese currency, the yuan, fell to an alltime low against the dollar on Wednesday as the US dollar continued to strengthen. Many investors see th

The Chinese currency, the yuan, fell to an alltime low against the dollar on Wednesday as the US dollar continued to strengthen. Many investors see the dollar as a safe place to put their money in times of trouble and it has helped drive up its value against other currencies, including the pound. The fall in the yuans value can actually be helpful for exporters within China because it will make their goods cheaper and so increase demand. The fall of the yuan led to the weakness of other currencies in the regions developed economies, including the Australian and Singapore dollar. A weaker currency could also lead to investors withdrawing their money from the country and uncertainty in the financial markets. Chinas central bank has tried to slow the decline of the yuan by making it more expensive to bet against the currency. Read More..

B2B Tech News | 2 years ago          

Recovery after buying Japanese stocks

Based on the closing price, the Nikkei 225 rose 140.32 points 0.53% to 26,571.87. The Tokyo Stock Exchange Topix index closed at 1,873.01, up 8.73 poi

Based on the closing price, the Nikkei 225 rose 140.32 points 0.53% to 26,571.87. The Tokyo Stock Exchange Topix index closed at 1,873.01, up 8.73 points, or 0.47 percent, on the day. Shares in airlines and retailers rose on hopes that inbound tourism will recover as the Japanese government plans to raise the maximum daily entry limit, now set at 50,000, next month. Japan Airlines rose 0.8 percent and ANA Holdings rose 1.2 percent. Toyota Motor, Honda, and Nissan rose 12 percent as Finance Minister Sunichi Suzuki warned against speculative moves in the currency market and the Bank of Japan took another unplanned action to curb interest rate hikes. Read More..

B2B Tech News | 2 years ago          

To increase mobile payments in Latin America, Bango collaborates with Movistar Mexico.

Bango PLC has partnered with Telefónica subsidiary Movistar Mexico to streamline mobile payments with direct billing through the mobile operator. Onc

Bango PLC has partnered with Telefónica subsidiary Movistar Mexico to streamline mobile payments with direct billing through the mobile operator. Once the Bango platform is integrated, Movistar will offer its customers in Mexico the possibility of purchasing digital services such as applications, games and content. Paul Larbey, CEO of Bango added This partnership with Movistar expands our presence in Mexico.Paul Larbey, CEO of Bango added This partnership with Movistar expands our presence in Mexico. Read More..

B2B Tech News | 2 years ago          

Report on the German plastic recycling market through 2030, broken down by region, sales channel, and enduse

The Germany plastic recycling market stood at 5.38 million tons in 2020 and is forecast to reach 7.78 million tons by 2030, growing at a healthy CAGR

The Germany plastic recycling market stood at 5.38 million tons in 2020 and is forecast to reach 7.78 million tons by 2030, growing at a healthy CAGR of 3.80% until 2030. The growth can be attributed to the implementation of the green point recycling system in the country. Germany is one of the worlds leading plastic recyclers, successfully achieving a plastic recycling rate of nearly 45%. The COVID19 outbreak led to a significant increase in plastic consumption, but had a negative impact on the plastic recycling market. However, the market is expected to recover during the forecast period with stringent measures to tackle plastic pollution. Germany has drafted a new packaging law aimed at improving recycling and preventing packaging waste. For example, the recycling rate of plastic packaging is projected to increase from the current 36% to 63% in 2022. Read More..

B2B Tech News | 2 years ago          

Egypt B2B ecommerce Mazaya closes $5 million seed round led by Raya Trade

Mazaya, a B2B ecommerce marketplace focused on electronics, announced that it has completed a $5 million preseeding round led by Raya Trade and Distri

Mazaya, a B2B ecommerce marketplace focused on electronics, announced that it has completed a $5 million preseeding round led by Raya Trade and Distribution. Mazaya empowers retailers and merchants of electronics and consumer electronics to efficiently stockpile their stores. Since its launch in Egypt, Mazaya has worked with over 6,000 retailers, processed 30,000 orders, reached a total transaction value of $15 million, and currently has over 1,000 SKUs on its platform. Egyptian ecommerce company Mazaya has raised funding from strategic investors including Raya Capital, with plans to launch in Nigeria by the end of this year. Mazaya will continue to provide improved and efficient services to retailers and merchants to promote and grow their businesses. According to the Financial Regulatory Authority, payments for mobile phones and electronic devices in Egypt amounted to 4.9 billion euros in the first five months of 2022. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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