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Alibaba, a Chinese company, fights to maintain its New York Stock Exchange listing despite an audit dispute

Alibaba Group Holding Ltd on Monday said it would seek to maintain its listing on the New York Stock Exchange alongside its Hong Kong listing. The com

Alibaba Group Holding Ltd on Monday said it would seek to maintain its listing on the New York Stock Exchange alongside its Hong Kong listing. The company was the latest of more than 270 companies added to the SECs list of USbased Chinese companies filed on Friday. The Foreign Corporations Accountability Act HFCAA aims to resolve longstanding disputes over audit compliance for Chinese companies incorporated in the United States. External auditing of business documents by local accounting firms has been banned in Beijing. Analysts estimate that Alibaba stock could raise $21 billion from major investors via StockConnect. Read More..

B2B Tech News | 3 years ago

Leidos Raises $52M to Improve Defense Intelligence Data Interface

The Defense department will pay Leidos just $52 million to upgrade the new Wagardi mission. The system – the first tranche of Joint Project 2096 Pha

The Defense department will pay Leidos just $52 million to upgrade the new Wagardi mission. The system – the first tranche of Joint Project 2096 Phase 1 – has reached final operational capability FOC. The interface makes it easier for Defence personnel to access, discover and collaborate on ISR information.The company will be paid at least $51.9 million over the next three years to deliver an enhanced mission system under tranche two.A new contract has been awarded to Leidos for tranche two of Joint Project 2096 Phase 1, which will extend the search and discovery functionality delivered by the Wagardi mission system to deployed users in Australia and overseas. Tranche three, which is yet to begin, will focus on the integration of data from selected allied, coalition and wholeofgovernment data stores. Read More..

B2B Tech News | 3 years ago

Shareholders task insurers on education investments

The shareholders of Cornerstone Insurance Plc urge insurance companies to increase their investments in the educational sector in order to improve the

The shareholders of Cornerstone Insurance Plc urge insurance companies to increase their investments in the educational sector in order to improve the standard of education for Nigerians. Dr. Anthony Omojola, the chairman of the Independent Shareholders Association of Nigeria ISAN, thanked the company for the dividend payment at a time when the majority of businesses arent considering the welfare of their shareholders. Segun Adebanji, the CEO of the insurance company, advised the companys managers and stockholders to continue the growth trajectory despite the challenging business environment. Additionally, the shareholders praised Cornerstone Insurance Plc for creating jobs, maintaining a gross premium income GPI of N20.9 billion, and paying dividends on time. Read More..

B2B Tech News | 3 years ago

The potential of offshore wind energy in Latin America

30 years after the installation of the worlds first offshore wind farm, Latin America is starting to show interest. Offshore wind power provides more

30 years after the installation of the worlds first offshore wind farm, Latin America is starting to show interest. Offshore wind power provides more reliable and scalable generation than conventional wind power. Avoid the territorial disputes that often arise in offshore wind farms. Brazil and Colombia took the first steps towards industrial development. The offshore wind industry has seen rapid growth, particularly in China and OECD countries. Last year, the wind industry set a record for new offshore wind installations with a global capacity of 21 GW. Brazil and Colombia are the countries most advanced in offshore wind legislation. The World Bank has estimated the technological potential of about 8,000 GW in the regions watershed. Read More..

B2B Tech News | 3 years ago

Honduras attracts crypto investor tourists with Bitcoin Valley

The Bitcoin Valley programme was created by the municipal administration of Santa Lucia in collaboration with the Honduran Technological University, B

The Bitcoin Valley programme was created by the municipal administration of Santa Lucia in collaboration with the Honduran Technological University, Blockchain Honduras, and the cryptocurrency exchange Coincaex. According to shopping mall owner Cesar Andino, locals anticipate that the project will increase prospects for local businesses and draw more individuals who wish to use this currency. Honduras had approximately $556 million in annual tourism spending in 2019 before dropping by more than 66 percent to $189 million in 2020, according to Macrotrends, a global economic tracker. Read More..

B2B Tech News | 3 years ago

Natixis Corporate Banking and Investments is financing a $70 million acquisition of apartment buildings in Maryland

Natixis Corporate & Investment Banking provided $70.01 million in floating rate financing over five years to subsidiaries of Rose Valley Capital, a su

Natixis Corporate & Investment Banking provided $70.01 million in floating rate financing over five years to subsidiaries of Rose Valley Capital, a subsidiary of Hampshire Properties, to finance the acquisition of The Fields at Rock Creek, a multifamily home of 314 units Class A property, open, located in Frederick, Maryland. Natixis Corporate & Investment Banking has initiated a fiveyear, $70.01 million floating rate financing to fund the acquisition of The Fields at Rock Creek, a 314unit Class A multifamily home in Frederick, Maryland. The property is located at the intersection of I270 and I70 and provides convenient access to Washington, D.C. and Baltimore. Read More..

B2B Tech News | 3 years ago

With a focus on Web3, Singapores Insignia seeks USD 516 million for ASEAN businesses

Singapore based venture capital firm Insignia Ventures Partners announced on Monday that it has raised $516 million to invest in Southeast Asian start

Singapore based venture capital firm Insignia Ventures Partners announced on Monday that it has raised $516 million to invest in Southeast Asian startups. Invested in private companies or unicorns valued at over $1 billion, such as Carro, an online car marketplace based in Singapore. The total amount raised is more than double the $200 million raised for the second fund in 2019. This reflects a strong interest in Southeast Asias startup sector despite the global decline in tech valuations. Pressure on Chinas tech industry has turned investors elsewhere. Read More..

B2B Tech News | 3 years ago

Blind activists claim that NSWs elimination of the internet voting system violates their right to due process

Advocates for blind and lowvision people will take the New South Wales Electoral Commission NSWEC to Australias human rights watchdog over the removal

Advocates for blind and lowvision people will take the New South Wales Electoral Commission NSWEC to Australias human rights watchdog over the removal of an accessible voting platform. The NSWEC announced earlier this year that it would not be using the iVote online voting system for the 2023 state election. The NSW Human Rights Commission Piac has lodged a complaint with the New South Wales Electoral Commission NSWEC over the use of iVote for blind and vision impaired voters in the 2019 state election. More than 1,100 people who were blind or vision impaired used the system to cast their vote. The commission said it was aware of the complaint but could not directly comment on the case.The New South Wales Electoral Commission has announced it is offering telephone voting for blind and lowvision voters in the upcoming state elections. The commission said its telephone voting option is based on the process used at federal elections. It is also reviewing the use of technologyassisted voti Read More..

B2B Tech News | 3 years ago

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