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Kenya Airways cuts takeback losses to K9.88 billion

Kenya Airways KQ reported a loss for the first half of the year of Sh9.88 billion, which was less than the loss of Sh11.48 billion it reported for the

Kenya Airways KQ reported a loss for the first half of the year of Sh9.88 billion, which was less than the loss of Sh11.48 billion it reported for the same period last year. Operating costs, which increased by 50% to Sh53.11 billion as a result of a sharp increase in fuel prices globally, however, hindered the performance. The airline has benefited significantly from several state bailout packages that have kept it afloat. The Sh36 billion bailout for KQ, according to the Ministry of Transport, is conditional and will only be made available to the airline after it meets its goals. According to KQ chairman Michael Joseph, the opening of borders around the world has led to quick rebounds in some key markets Read More..

B2B Tech News | 2 years ago          

Germanys Stadler secures a new contract for TINA trams

Stadtwerke HalleGruppes business unit, Hallesche Verkehrs HAVAG, received the contract for 56 new trams. The first trams of the Tina series will be la

Stadtwerke HalleGruppes business unit, Hallesche Verkehrs HAVAG, received the contract for 56 new trams. The first trams of the Tina series will be launched in 2025 in the city of Halle in central Germany. Our fourth order, this contract settlement underlines the success of the innovative TINA vehicle concept, said Anskar Brakmi, Stadlers executive vice president for marketing and sales. According to Stadler, the 39 vehicles of the future MGTM model will be around 30 meters long and will be able to accommodate 166 passengers, of which 64 will be seated. Read More..

B2B Tech News | 2 years ago          

Apple and Samsung Partners Raise $65 Million for AfterSales and Device Management Platform Servify

Servify, a Mumbaibased startup, manages the device lifecycle of major smartphone vendors, including Apple and Samsung. We work with over 75 electronic

Servify, a Mumbaibased startup, manages the device lifecycle of major smartphone vendors, including Apple and Samsung. We work with over 75 electronic device manufacturers, including our partners OnePlus and Xiaomi, and offer whitelabel aftersales services such as damage protection and extended warranties. The 7yearold startup has raised over $110 million to date and expects to raise another $510 million in its current round. Servify has raised new funding from Singularity Growth to break even and file for an initial public offering IPO within 1820 months. CEO Prabhakar said the startup is trying to monetize from next month. Servify has acquired several startups, including 247Around and WebToGo, since its last funding round in September 2020. Read More..

B2B Tech News | 2 years ago          

Paysafe is expanding in Argentina

Paysafe has announced its expansion into Argentina with Paysafecard, an eCash payment solution. In Argentina, 76% of the population does not have a cr

Paysafe has announced its expansion into Argentina with Paysafecard, an eCash payment solution. In Argentina, 76% of the population does not have a credit card and about 20% do not have a savings account. With Paysafecard, you can easily and securely purchase goods and services online by purchasing a prepaid voucher with a 16digit cash code and adding the amount to your Paysafe account. Chirag Patel, president of digital wallet Paysafe, said We are excited to return to Argentina, where ecommerce and online financial services are growing rapidly and the population is still underserved by card services. Read More..

B2B Tech News | 2 years ago          

Damac is looking into $991 million worth of tech and data centre investment opportunities in Germany

Dubais Damac Group is exploring data centre and technologyrelated investment opportunities worth €1 billion $991m in Germany. It entered the data ce

Dubais Damac Group is exploring data centre and technologyrelated investment opportunities worth €1 billion $991m in Germany. It entered the data centre business last year, with the launch of Edgnex, a global digital infrastructure provider. The company said that it would accept certain cryptocurrencies for property transactions as part of efforts to offer more flexibility to investors. Damac Group has a diverse portfolio including capital markets, data centres, hospitality, fashion, and retail. It entered a joint venture to build singlefamily residential developments in Scandinavian countries. The companys other international projects include the 50storey Damac Towers Nine Elms, a flagship project in central London with Versace interiors. Read More..

B2B Tech News | 2 years ago          

The orchestrator chatbots creator is supported by Westpac

Westpac has emerged as a financial backer in addition to a customer of Kasisto, whose software is used by the bank to act as a central brain for all

Westpac has emerged as a financial backer in addition to a customer of Kasisto, whose software is used by the bank to act as a central brain for all of its chatbots. The banks CTO told Westpac Wire in April that chatbots and digital assistants are often developed by siloed use cases, which becomes confusing for customers and staff. The Australian bank is one of the first in the world to use a central AI brain that orchestrates all conversations. Westpac may be banking on other banks trying to adopt a similar model for their digital services. Westpac may be banking on other banks trying to adopt a similar model, with Kasisto at the core. Its smart enough to know which chatbot can answer what question, and when they cant so it can hive off to a live agent. Read More..

B2B Tech News | 2 years ago          

Indias First Hydrogen Fuel Cell Bus What is Hydrogen Fuel Cell Technology?

Pune, a hydrogen fuel cell bus developed by KPITCSIR was unveiled by Union Minister for Science and Technology Jitendra Singh. A fuel cell works like

Pune, a hydrogen fuel cell bus developed by KPITCSIR was unveiled by Union Minister for Science and Technology Jitendra Singh. A fuel cell works like a conventional battery in an electric vehicle but does not need to be charged with electricity. They combine hydrogen and oxygen atoms to produce electricity. Electric vehicles equipped with hydrogen fuel cells do not produce exhaust gases. That is, it emits only water vapor and hot air. Another advantage is that they are more efficient than internal combustion engine vehicles. It also has another advantage in terms of charging time, making it more practical than battery electric vehicles for public transportation. Read More..

B2B Tech News | 2 years ago          

US lawmakers introduce a plan to assist news organisations in negotiations with Google and Facebook

A revised version of a bill to make it simpler for news organizations to bargain collectively with platforms like Google and Facebook was released by

A revised version of a bill to make it simpler for news organizations to bargain collectively with platforms like Google and Facebook was released by a bipartisan group of US lawmakers on Monday. It would be simpler for news organizations to bargain collectively with platforms like Google and Facebook thanks to the Journalism Competition and Preservation Act. Both Democratic Senator Amy Klobuchar and Republican Senator John Kennedy are Judiciary Committee members and are part of the bipartisan group. Two trade associations representing the technology sector opposed the previous version of the bill, which was introduced in March 2021 and was opposed by Google and Facebook, both of which are owned by Alphabet. 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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