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The Swiss National Bank raised interest rates by half a point, and the franc rose.

The Swiss central bank increased its key interest rate to 0.25%. This is the first increase in the Swiss National Bank since September 2007. This move

The Swiss central bank increased its key interest rate to 0.25%. This is the first increase in the Swiss National Bank since September 2007. This move follows the rise of the US Federal Reserve and the European Central Bank. Strict monetary policy aims to prevent inflation from spreading to goods and services. Since 2015, the central bank has increased the reference interest rate from 0.75% to 0.25%. Read More..

B2B Tech News | 2 years ago          

E.ON has signed a contract with RPC for four wind farms in Sweden.

Renewable Power Capital, a UKbased energy investment firm, has signed a grid connection agreement with E.ON Energy Distribution RPC. The contract woul

Renewable Power Capital, a UKbased energy investment firm, has signed a grid connection agreement with E.ON Energy Distribution RPC. The contract would deliver up to 561MW of clean energy to regional and national grids from four wind farms. Construction on the site will begin early next year, according to E.ON. E.ON has signed a connection agreement for four wind farms in the Swedish municipalities of Sollefte and Kramfors. The contract would deliver up to 561MW of clean energy to regional and national grids from four wind farms. It is one of E.ON Swedens most significant connection agreements. Read More..

B2B Tech News | 2 years ago          

By 2027, the Latin American data centre colocation market is expected to generate $2.2 billion in revenue.

The data center colocation market in Latin America is assumed to grow at a CAGR of 6.15% during 2022to 2027. Quantico, Nabiax Telefonica, Ava Telecom,

The data center colocation market in Latin America is assumed to grow at a CAGR of 6.15% during 2022to 2027. Quantico, Nabiax Telefonica, Ava Telecom, Ascenty Digital Realty, OneX, and Scala Data Centers added roughly 172 thousand square feet of colocation space in 2021. Brazil, Chile, Colombia, Argentina, Peru, and Mexico are among the main locations adopting renewable energy sources. Read More..

B2B Tech News | 2 years ago          

Bank of Ghana launches GhanaPay mobile wallet

The Central Bank of Ghana has launched the GhanaPay mobile wallet for savings credit companies and banks, including rural and public banks. Bank of Gh

The Central Bank of Ghana has launched the GhanaPay mobile wallet for savings credit companies and banks, including rural and public banks. Bank of Ghana Governor Dr. Ernest Addison called GhanaPay a milestone in the digitization of the countrys financial system. He claims that the mobile wallet will lower the cost of testing new technology for each bank while also allowing for new business models. Cash in circulation as a ratio of its gross domestic product GDP fell from 6.8% in 2016 to 4.7%. Read More..

B2B Tech News | 2 years ago          

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          



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