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Gold declines as the currency strengthens and a Fed rate increase approaches

Spot gold was down 0.2% at $1,722.84 per ounce as of 0110 GMT. U.S. gold futures decreased by 0.5%. The dollar increased by 0.1%, increasing the cost

Spot gold was down 0.2% at $1,722.84 per ounce as of 0110 GMT. U.S. gold futures decreased by 0.5%. The dollar increased by 0.1%, increasing the cost of bullion priced in dollars for buyers using other currencies. The Federal Reserve is expected to raise rates by 75 basis points this week, according to the markets. Although gold is regarded as an inflation hedge, the opportunity cost of holding bullion increases as interest rates rise. The markets are pricing in a 75basispoint rate increase to combat skyrocketing inflation as the U.S. The central bank ends its twoday session on Wednesday. Read More..

B2B Tech News | 2 years ago          

Dow and Mura are planning plastic recycling plants in Europe and the US

The worlds first factory using Muras recycling process will open in 2023 in Teesside. Hydrothermal plastic recycling solutions can recycle all types o

The worlds first factory using Muras recycling process will open in 2023 in Teesside. Hydrothermal plastic recycling solutions can recycle all types of plastics, including flexible multilayer plastics. The agreement is an extension of the partnership between the two UK companies. Mura technology is designed to support the global circular plastics economy, and our partnership with Dow is a key element in bringing HydroPRS to the world. As longterm partners, we are excited about the potential of this process to address the challenges of plastic recycling and plastic waste. Read More..

B2B Tech News | 2 years ago          

China launches the second space station module

The Wentian Lab module was launched from the Wenchang Space Launch Center in southern Hainan Island. The 23ton Wentian is one of three modules needed

The Wentian Lab module was launched from the Wenchang Space Launch Center in southern Hainan Island. The 23ton Wentian is one of three modules needed to complete an orbiting outpost by the end of this year. The completion of the structure, which is onefifth the size of the International Space Station ISS, is a source of pride for ordinary Chinese and will end President Xi Jinpings tenyear tenure as leader of the Chinese Communist Party. The 17.9 m 59 ft long Wentian Laboratory Module is a space for astronauts to conduct scientific experiments, along with another yettobelaunched laboratory module, Mengtian Dreaming of the Sky. Read More..

B2B Tech News | 2 years ago          

As diesel costs fall, Nigerian businesses are turning to solar power

As businesses in Africas largest oil producer explore alternate power sources as diesel prices increase, Nigerias solar industry are experiencing a su

As businesses in Africas largest oil producer explore alternate power sources as diesel prices increase, Nigerias solar industry are experiencing a surge in demand. Although some claim they have started turning away consumers due to a lack of supply, this may limit their capacity to profit from the trend. An official from the Ministry of Power claimed there was an increase in solar minigrids serving industrial users this year, but did not provide further information. If the current trend continues, by the end of the year, Nigeria should have 12 MW or more of operational solar installations, he claimed. Read More..

B2B Tech News | 2 years ago          

The company was the first Australian company to send technology to the moon

Advanced Navigation will be the first Australian company to deploy technology on the moon. The technology will use lowpower laser sensors to detect sp

Advanced Navigation will be the first Australian company to deploy technology on the moon. The technology will use lowpower laser sensors to detect spacecraft objects, such as the moon, and will be integrated into future rocket launches. Launched 32 minutes after the launch of the Space X Falcon 9 rocket. We are very fortunate to be the first Australian company to land on the moon, Orr said. The technology has attracted the attention of the American company Intuitive Machines, which is currently negotiating a contract with NASA to launch hardware on the Moon. Read More..

B2B Tech News | 2 years ago          

Jose Cuervo reviews Metaverse Tequila Distillation

José Cuervos La Rojena Distillery makes its debut at Decentraland, Metaverses first tequila distillery. The release coincides with National Tequila D

José Cuervos La Rojena Distillery makes its debut at Decentraland, Metaverses first tequila distillery. The release coincides with National Tequila Day on Sunday, July 24. The company says the virtual space will change the IRL distillery experience in a way that only Metaverse can. According to the companys official statement, the virtual space reimagines the IRL distillery experience in a way that only Metaverse can do, while respecting the La Rojena distillery experience. At Jose Cuervo for Tequila. , Mexico is the oldest distillery in Latin America. The Mexican Beckman family is descended from the founders of the popular tequila brand. Read More..

B2B Tech News | 2 years ago          

With rising prices, Hungarians are in hard times

According to official statistics, Hungarys inflation rate has reached 11.7%, while food prices rose by 22.1 percent from June 2017 to June 2018. Risin

According to official statistics, Hungarys inflation rate has reached 11.7%, while food prices rose by 22.1 percent from June 2017 to June 2018. Rising prices are a result of supply chain interruptions and the conflict between Russia and Ukraine. While some shop owners are protesting, others are considering closing their establishments. The government of Hungary is no longer able to maintain its restrictions on residential energy prices. The National Bank of Hungary projects an annual inflation rate of 11.62.6% in 2022. Last week, when enraged protesters stopped access to two bridges, demonstrations in Hungary became routine. Read More..

B2B Tech News | 2 years ago          

Facebooks parent company, Meta, is investing in better ideas. Her third investment in South Asia

Better Opinions, a startup in event trading, is also planning to invest in Better Opinions. It will be the third investment made by the digital giant

Better Opinions, a startup in event trading, is also planning to invest in Better Opinions. It will be the third investment made by the digital giant owned by Facebook in the South Asian market. It backed edtech startup Unacademy in 2019 and made an investment in the social marketplace Meesho the following year. It functions as a stock exchange of opinions and enables people to trade their opinions on events while pairing them with others who have complementary interests. It will be the third startup investment made by the Facebookowned digital giant in the South Asian market after backing edtech Unacademy in 2018 and social commerce Meesho in 2019. Read More..

B2B Tech News | 2 years ago          



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