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The Dutch central bank has fined cryptoexchange Binance $ 3.4 million for very serious violations

The Dutch central bank, De Nederlandsche Bank DNB, has fined Binance Holdings Ltd. 3.325 million euros $3.4 million for offering crypto services in th

The Dutch central bank, De Nederlandsche Bank DNB, has fined Binance Holdings Ltd. 3.325 million euros $3.4 million for offering crypto services in the Netherlands without registration. Binance has appealed against the fine and has now applied to register with the central bank. The central bank stressed that companies offering such services must register with it as mandated in the Money Laundering and Terrorist Financing Prevention Act. Read More..

B2B Tech News | 3 years ago          

US Customs introduces facial biometric matching technology in the Port of Baltimore

The U.S. Customs and Border Protection Service is beginning to use biometric facial recognition technology to monitor some people arriving in the port

The U.S. Customs and Border Protection Service is beginning to use biometric facial recognition technology to monitor some people arriving in the port of Baltimore. A federal agency has partnered with Carnival Cruise Line to expand its biometrics efforts to identify passengers in just two seconds, government officials said. Federal officials said manual screening is part of the requirements to enter the United States. Travelers in the U.S and some foreigners who do not have to provide biometric data and want to refuse the new biometric process may request manual verification of documents from their CBP representative. Read More..

B2B Tech News | 3 years ago          

Signing of a memorandum of understanding on the sale of gas with the Bulgarian company Overgas

On July 14, 2022, in Sofia, Bulgaria, Excelerate Energy, Inc. and Overgas, Inc. AD of Bulgaria signed a Memorandum of Understanding. The two parties w

On July 14, 2022, in Sofia, Bulgaria, Excelerate Energy, Inc. and Overgas, Inc. AD of Bulgaria signed a Memorandum of Understanding. The two parties will negotiate for Overgas to buy up to 1 billion cubic meters of regasified LNG from Excelerate every year for ten years or an affiliated entity. The two parties are anticipated to connect to the Southern Gas Corridor of Europes existing natural gas infrastructure by this MOU. Read More..

B2B Tech News | 3 years ago          

How China has become the zero point of the shortage of Auto chips

Kelvin Pang bought 62,000 microcontrollers, chips that help control functions, from car engines and transmissions to propulsion systems and electric v

Kelvin Pang bought 62,000 microcontrollers, chips that help control functions, from car engines and transmissions to propulsion systems and electric vehicle charging. Pang is now looking to sell car suppliers in Shenzhen, Chinas technology center, for $ 375 each. He said he turned down offers of $ 100 each or $ 6.2 million for the entire package. This is a large enough amount to fit in the back seat of a car. Semiconductors are used in all types of conventional and electric vehicles. Helps control everything from deploying the airbag to automating emergency braking. It is estimated that new orders through distributors will last an average of 49 weeks by 2023. Read More..

B2B Tech News | 3 years ago          

A leading economist has imposed a new tax in Australia

The US economist has called for the change during a meeting with the Australian Governments Treasurer Jim Chalmers. The call came when Reserve Bank of

The US economist has called for the change during a meeting with the Australian Governments Treasurer Jim Chalmers. The call came when Reserve Bank of Australia Governor Glenn Chalmers urged Australians to prepare for controversial news when the country’s financial situation will be released next week. Soaring interest rates on record levels of government debt are expected to burn a $13 billion hole in the governments budget. Mr. Chalmers says the government has inherited the toughest economic circumstances in living memory. Sir. Stiglitz warned that if the Reserve Bank of Australia RBA continues to hike interest rates at such a fast pace then there will almost surely be an economic downturn. Read More..

B2B Tech News | 3 years ago          

WEG of Brazil announces joint venture with Cevital of Algeria

WEG announced on Monday 18 that it had signed mandatory documents with the Cevital Group of Algeria for the production and sale of electric mo

WEG announced on Monday 18 that it had signed mandatory documents with the Cevital Group of Algeria for the production and sale of electric motors for washing machines. This joint venture will initially focus on the North African market, including Algeria. Production is expected to begin in the last quarter of 2022. WEG has industrial operations in 12 countries and a commercial presence in 135 countries, with net sales of BRL 23.5 billion last year. Algeria Group was founded in 1971 and operates through subsidiaries in agriculture, retail, services, and industry. Read More..

B2B Tech News | 3 years ago          

Canada’s Suncor gas station is open for sale following an agreement with an activist investor

Three new independent directors have been added to Suncor Energys board, and the company is considering selling its retail gas station operation. Thes

Three new independent directors have been added to Suncor Energys board, and the company is considering selling its retail gas station operation. These actions come in response to activist investor Elliott Investment Managements pressure. Suncor owns PetroCanada, a chain of 1,800 retail and wholesale gas stations spread across Canada. According to a source, activist investor Elliott has largely succeeded in its goals. Suncors retail division may be up for sale, and potential buyers include CoucheTard and 7Eleven. According to analysts, the retail unit may be worth between C$5 billion $3.86 billion and C$8 billion. Read More..

B2B Tech News | 3 years ago          

Germanys largest gas importer has exceeded its credit limit

Uniper, one of Germanys largest energy suppliers, has benefited from the German stateowned banks € 2 billion credit line. The company has been losin

Uniper, one of Germanys largest energy suppliers, has benefited from the German stateowned banks € 2 billion credit line. The company has been losing tens of millions of euros every day since Russia stopped supplying gas to Germany last month. Nord Stream 1, which connects Germany and Russia, is closed for annual maintenance. The Russian state gas giant Uniper, based in Düsseldorf, acted as an intermediary between Gazprom and its German factories and municipalities and had to compensate for the shortage of fuel in Russia by providing alternative fuels at much higher prices. Repairs to the Nord Stream 1 line are scheduled for Thursday, although experts have already done so. Read More..

B2B Tech News | 3 years ago          



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