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Porsche Becomes Europes Most Valuable Manufacturer

On Thursday, Porsche surpassed erstwhile parent Volkswagen to become Europes most valuable manufacturer, as the price of the sportscar makers freshly

On Thursday, Porsche surpassed erstwhile parent Volkswagen to become Europes most valuable manufacturer, as the price of the sportscar makers freshly listed shares soared. Despite falling below its IPO price on Monday to 81 euros, in line with a wider market decline, Porsche shares climbed to 93 euros $91.95 early on Thursday, giving the supercar brand a market valuation of 85 billion euros. They later fell to 91.04 euros by 1308 GMT, although the companys worth maintained far higher than Volkswagens, which was just under 84 billion euros. Read More..

B2B Tech News | 2 years ago          

Credit Suisse Shares Are Up 4.2 %

It is down roughly 19% year over year. Credit Suisse was a standout on Friday, with its shares rising 4.2% after the Swiss bank announced it will buy

It is down roughly 19% year over year. Credit Suisse was a standout on Friday, with its shares rising 4.2% after the Swiss bank announced it will buy up up to 3 billion Swiss francs of debt, following significant declines in its stock price on false allegations that its survival was in doubt. US stock index futures were down 0.3% after the S&P 500 index fell 1% overnight. All eyes will be on the US inflation report next week, UniCredit analysts wrote in a client note. WTI crude futures were up 0.3% at $88.69 per barrel. Read More..

B2B Tech News | 2 years ago          

Argentina announces a plan to increase technology exports

In order to increase technology exports to $10 billion in 2023, Argentina has announced new policies. The thirdlargest economy in Latin America intend

In order to increase technology exports to $10 billion in 2023, Argentina has announced new policies. The thirdlargest economy in Latin America intends to export technical items valued about $7.4 billion in 2022. From the $6.2 billion in current technology exports in 2021, that would be a significant increase. The government is taking these steps in an effort to support the central bank in bolstering its imperilled foreign reserves. Read More..

B2B Tech News | 2 years ago          

Risk of £50bn bond sale sparked Bank of England emergency

As rising borrowing costs hurt pension funds, there was a possibility of a downward spiral. Its possible that pension funds associated with the pensio

As rising borrowing costs hurt pension funds, there was a possibility of a downward spiral. Its possible that pension funds associated with the pensions sector were forced to liquidate their UK government bonds. Three times higher than any previous historical move, the increase in borrowing costs over the course of four days. The emergency intervention in the bond market by the Bank of England is scheduled to expire the following week. With barely £3.7 billion spent so far, it has only purchased a small portion of the government bonds it could have. A sell of £50 billion would equal four times the markets average daily transaction. Read More..

B2B Tech News | 2 years ago          

Australian scientists aim to grow plants on the Moon by 2025

The project, according to the Australian experts, is a preliminary step toward cultivating plants for food, medicine, and oxygen production. An Austra

The project, according to the Australian experts, is a preliminary step toward cultivating plants for food, medicine, and oxygen production. An Australian "reincarnation grass" that can live without water in a latent form is a likely candidate. The Beresheet 2 spacecraft, an unofficial Israeli Moon mission, would transport seeds. Read More..

B2B Tech News | 2 years ago          

Michigan becomes the center of battery manufacturing in the United States

The project, according to the Australian experts, is a preliminary step toward cultivating plants for food, medicine, and oxygen production. An Austra

The project, according to the Australian experts, is a preliminary step toward cultivating plants for food, medicine, and oxygen production. An Australian "reincarnation grass" that can live without water in a latent form is a likely candidate. The Beresheet 2 spacecraft, an unofficial Israeli Moon mission, would transport seeds. Read More..

B2B Tech News | 2 years ago          

ByteDance, a TikTok producer, records losses of $7 billion in 2021.

According to the Wall Street Journal, ByteDance, the Chinese internet behemoth that created TikTok, lost more than US$7 billion in 2021, a 3x increase

According to the Wall Street Journal, ByteDance, the Chinese internet behemoth that created TikTok, lost more than US$7 billion in 2021, a 3x increase from the previous year.The report also stated that the business made an undisclosed amount of operating profits during the first quarter of 2022, citing a financial statement ByteDance shared with its staff.The news follows ByteDances boards approval of a $3 billion share buyback plan in September, a move that angered tiny shareholders. This corresponds to ByteDance proposing US$177 per share, which is less than its 2021 top price, and values the business at US$300 billion. Read More..

B2B Tech News | 2 years ago          

Theft Line into Sea at Nigerian Oil Export Terminal for 9 Years

According to the Nigerian National Petroleum Company NNPC, an illicit oil connection from Forcados Terminal that was active for nine years has been di

According to the Nigerian National Petroleum Company NNPC, an illicit oil connection from Forcados Terminal that was active for nine years has been discovered. Shell is in charge of running the Forcados terminal. A fourkilometer illegal oil connection line from Forcados Terminal into the sea that had been in use for nine years, according to Mallam Mele Kyari, Group Managing Director of NNPC, was discovered during a crackdown in the last six weeks. Despite the fact that oil theft has been a problem in the nation for over 22 years, Kyari said that the scale and pace at which it has increased recently is unprecedented. 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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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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