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With the largest rate hike since 1994, the Federal Reserve takes a swing at inflation.

The Federal Reserve took its most aggressive step to tame rapid and persistent inflation, raising interest rates by threequarters of a percentage. Th

The Federal Reserve took its most aggressive step to tame rapid and persistent inflation, raising interest rates by threequarters of a percentage. The rate increase was the biggest since 1994 and could be followed by a similarly sized move next month. Officials expect growth to moderate in the coming months and years , predicted that unemployment will rise. The Fed aims to continue bringing inflation back to its 2% target while maintaining strength in the labor market. Officials expect interest rates to hit 3.4 percent by the end of 2022, which would be the highest level since 2008. They also foresee the Feds policy rate peaking at 3.8 percent in 2023. Read More..

B2B Tech News | 2 years ago          

Analysts say tech companies are laying off employees to consolidate as funding becomes scarce.

Shopee is laying off few staff in its food delivery and online payment teams in east Asia. It is also laying off staff in Mexico, Argentina, and Chile

Shopee is laying off few staff in its food delivery and online payment teams in east Asia. It is also laying off staff in Mexico, Argentina, and Chile and a crossborder team supporting the Spanish market. In the US, more than 35,000 workers have been retrenched in the last six months, according to Layoffs.FYI, a website tracking tech layoffs. Read More..

B2B Tech News | 2 years ago          

Six allies are finding innovative solutions for their future helicopters

Under NATOs Next Generation Rotorcraft Capability NGRC project, the ministers of France, Germany, Greece, Italy, the Netherlands, and the United Kingd

Under NATOs Next Generation Rotorcraft Capability NGRC project, the ministers of France, Germany, Greece, Italy, the Netherlands, and the United Kingdom have committed 26.7 million euros to defining the future of their helicopter fleets. The participants will look at how to match their requirements with the most uptodate technology available. The NGRC Concept Stage will lay the groundwork for Allies to design and deploy the next generation of these critical workhorses. The Concept Stage will be carried out on behalf of the participants by the NATO Support and Procurement Agency NSPA. This is an excellent example of NATO and its allies working together to take advantage of rapidly changing technology to improve our military capabilities. Read More..

B2B Tech News | 2 years ago          

Informas revenues are up due tostrong YTD trade, and Halmas FY profits are up due to higher revenues.

The FTSE100 was known to open 22.5 points lower before the bell on Thursday. Report Food worth rises within the UK could hit 15% this summer – the h

The FTSE100 was known to open 22.5 points lower before the bell on Thursday. Report Food worth rises within the UK could hit 15% this summer – the highest level in additional than 20 years – with inflation lasting into next year. Meat, cereals, dairy, fruit, and vegetables are likely to be worst affected. Russia said it was more curtailing provides to the continent. UK wholesale gas costs jumped by 30% to more than 257.0p a therm. Wall Street stocks snapped their fiveday losing streak on Wed. Read More..

B2B Tech News | 2 years ago          

California supreme court passes a lawsuit which allows amazon customers to sue over lack of toxic warnings

The California Supreme Court left passes a lawsuit that allows customers to sue Amazon. The case involved a lawsuit that said the online retail giant

The California Supreme Court left passes a lawsuit that allows customers to sue Amazon. The case involved a lawsuit that said the online retail giant knowingly allowed skinlightening creams to sell on its website. The suit alleged that some products produced by third parties but sold on Amazon contained mercury levels that were thousands of times the federal limit. The lawsuit was dismissed in 2019 by a judge but could have wider impact on consumers. An appeals court said Amazon doesnt merely act as a place for retailers to list their available merchandise but actively stores, sells, and ships them. A drugstore that sold the same creams would be required to issue Proposition 65 warnings. Read More..

B2B Tech News | 2 years ago          

Indias tech sector is likely to weather the global downturn.

Indias information technology services companies are likely to be in a better position to weather a global recession than most other sectors. Industry

Indias information technology services companies are likely to be in a better position to weather a global recession than most other sectors. Industry experts say the impact on IT spending in a postpandemic world may be limited. Most companies realize the importance of investing in digital innovation even if they decide to cut IT budgets. Read More..

B2B Tech News | 2 years ago          

Nigerias ambitious digital identity registration will be completed by 2025, according to Minister

Nigerias Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami, has stated that Nigerias goal is to populate a major datab

Nigerias Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami, has stated that Nigerias goal is to populate a major database of digital IDs. Digital ID systems should be biometricsbased, he said. He was speaking at the ID4 Africa Augmented General Meeting in Marrakesh, Morocco. Nigerias Commissioner for Information and Communications Technology Pantami has said the importance of digital identity cannot be estimated. Most of the U.N Sustainable Development Goals cannot be fully achieved without countries setting up working digital ID systems. Nigeria has secured some loans and the World Bank is offering support under its ID4D program. Read More..

B2B Tech News | 2 years ago          

Australia has pledged to reduce its greenhouse gas emissions by 43%.

Australias new government has formally committed to a more ambitious greenhouse gas reduction target of 43% by the end of the decade. The previous con

Australias new government has formally committed to a more ambitious greenhouse gas reduction target of 43% by the end of the decade. The previous conservative government stuck to a sevenyearold pledge to reduce Australias emissions by only 26% to 28% below 2005 levels. Albaneses government could face pressure to adopt an even more ambitious target for cutting carbon emissions. The United States has committed reductions of between 50% and 52% below 2005 levels by 2030. Britain has pledged to cut emissions by 68%. Australias population faces soaring electricity and gas prices due to the RussiaUkraine war. 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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