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In the most recent EV charging deal, BorgWarner to acquire Rhombus

Auto parts maker BorgWarner Inc said on wednesday that it is acquiring Rhombus Energy Solutions, the industrys latest venture, an electric vehicle cha

Auto parts maker BorgWarner Inc said on wednesday that it is acquiring Rhombus Energy Solutions, the industrys latest venture, an electric vehicle charging company, as sales of green vehicles soar. The enterprise value of the deal could be $185 million and will help it add charging stations in North America and expand in Europe, the company said. BorgWarner, a supplier to automakers such as General Motors and Ford Motor America, has focused on increasing sales of electric vehicles by 2030. Analysis shows that electric vehicle charging companies are undergoing significant consolidation and revaluation due to government incentives to encourage electric vehicle sales. BorgWarner also reported betterthanexpected quarterly results due to strong demand. Adjusted secondquarter earnings were $1.05 per share, beating analysts average expectations of 85 cents, according to Refinitiv. Read More..

B2B Tech News | 3 years ago          

Australias three main banks have raised RBA interest rates

The first to move in was the Commonwealth Bank on Thursday morning. A few hours later, Westpac and ANZ followed. Westpac said it would pass on the ful

The first to move in was the Commonwealth Bank on Thursday morning. A few hours later, Westpac and ANZ followed. Westpac said it would pass on the full 0.5% rate hike to new and existing customers from August 18. ANZs higher mortgage rates come into effect on Friday 12 August. The Reserve Bank of Australia RBA on Tuesday raised interest rates for the fourth month in a row.CBA Adjustable Rate Mortgages, as well as Fixed Term Deposit Accounts and This change will affect Nedbank savings accounts. Homeowners and investors in adjustable rate mortgages must pay an additional 0.5% interest each year. Read More..

B2B Tech News | 3 years ago          

German identity verification platform IDnow has raised €60 million from BlackRock

Munichbased identity verificationasaservice company, IDnow has secured a new debt facility worth €60 million from BlackRock. The new funding will en

Munichbased identity verificationasaservice company, IDnow has secured a new debt facility worth €60 million from BlackRock. The new funding will enable the startup to scale investments across a range of strategic initiatives, including the introduction of new identityproofing solutions and potential acquisitions. The company was founded in 2014 and serves over 900 sectorleading enterprise customers across multiple verticals with a coverage of 195 countries. Identity verificationasaservice company. The German platform aims to make the connected world a safer place and offers a suite of identityproofing solutions addressing a wide range of missioncritical use cases from low to high assurance levels. Read More..

B2B Tech News | 3 years ago          

Maharashtra polygon issues over 100,000 verifiable diplomas on blockchain

The Maharashtra State Board of Skill Development MSBSD has issued nearly 100,000 verifiable digital diplomas using the LegitDoc verified platform on t

The Maharashtra State Board of Skill Development MSBSD has issued nearly 100,000 verifiable digital diplomas using the LegitDoc verified platform on the Polygon blockchain. The project aims to digitize MSBSDs diplomas and transcripts for nearly 100,000 students each year. This project is a joint effort between MSBSD and Maharashtra State Innovation Society MSINS, supported by LegitDoc. A blockchainbased system for issuing and validating digital documents. According to Martis, a blockchain certification degree offers the highest level of data security, privacy, transparency and cost savings compared to traditional online certificates. This is the Councils first attempt to digitize the certificates. Read More..

B2B Tech News | 3 years ago          

The Axiom space contract will put New Zealand research on the International Space Station

New Zealand has a research permit to work on the International Space Station. On July 28, the country partnered with the commercial research firm Axio

New Zealand has a research permit to work on the International Space Station. On July 28, the country partnered with the commercial research firm Axiom Space. Manufacturing, biotechnology, and clinical research top the list of priorities for New Zealands presence in space. In 2021, New Zealand became the 11th country to sign the Artemis Accords governing future lunar exploration. The company conducted the first private research mission to the International Space Station earlier this year. Axiom plans to create new interface structures with the ISS, many of which will be dedicated to research. When the space station is decommissioned, these structures will collectively be removed as a selfsufficient private space station. Read More..

B2B Tech News | 3 years ago          

Proto has raised $5.6 million in Series A to accelerate global expansion

Canadian company Proto has raised $5.6 million in Series A funding led by Mucker Capital to expand its AI Customer Experience AICX solution globally.

Canadian company Proto has raised $5.6 million in Series A funding led by Mucker Capital to expand its AI Customer Experience AICX solution globally. The company helps call center operators from the Philippines to Zambia, such as the National Bank of Rwanda, Bank of Ghana, and Medical City Clinic, automate customer experiences in local languages. Local languages ​​such as Cebuano, Kinyarwanda, and Twi lack machine learning resources and can be difficult for chatbots to understand. Proto addresses this challenge through a dataintensive nationwide deployment with chatbots powered by proprietary natural language processing NLP technology and regulators such as central banks of over 2,000 institutions in the private sector. Read More..

B2B Tech News | 3 years ago          

Borrowing costs are rising in Greece as banks lend to more viable businesses

Credit card payments in Greece increased by 32.1 percent year on year in the second quarter, reaching €14.7 billion $AU 20 billion. According to Kat

Credit card payments in Greece increased by 32.1 percent year on year in the second quarter, reaching €14.7 billion $AU 20 billion. According to Kathimerini, a portion of the increase was by the enormous rise in Greek tourism. According to the Bank of Greece, Greek loan portfolios should total between €160 and €180 billion, up from the current €112 billion. A portfolio of defaulted Greek hotel loans being offered for sale by debt collection agency Intrum has attracted the attention of foreign investors. Read More..

B2B Tech News | 3 years ago          

Indian Organization Charges Vivo with $280 Million Tax Evasion

An Indian government agency has accused Chinese company Vivo Mobile of evading 22.1 billion Indian rupees $280 million in tax. The tax evasion charge

An Indian government agency has accused Chinese company Vivo Mobile of evading 22.1 billion Indian rupees $280 million in tax. The tax evasion charge is the second indictment against a Chinese phone maker in India this week. Indias Directorate of Revenue Intelligence DRI detected customs duty evasion, following which it has issued a show cause notice to Vivo India.Vivo India did not immediately respond to the comment. The announcement follows similar action against Oppo, which is seeking a fee of 44 billion Indian rupees $556.57 million. Read More..

B2B Tech News | 3 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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