HEADLINES
Abbassiya railway switch workshop will be run by a joint EgyptianAustrian company
The National Railways of Egypt has signed a contract with the Austrian company Vost Alpin for the management and operation of the Abbasiyeh participat
The National Railways of Egypt has signed a contract with the Austrian company Vost Alpin for the management and operation of the Abbasiyeh participatory production workshop. The contract includes the construction of a new line equipped with the latest hightech machinery to produce 600 switches a year. It also includes the transfer of modern manufacturing technology and the training of Egyptian workers under the supervision of experts from the Austrian company. The minister stressed the great interest of Austrian companies in increasing the volume of cooperation with Egyptian companies. He also pointed to the implementation of giant projects in the field of transportation under the directives of President Abdel Fattah AlSisi. B2B Tech News | 3 years ago
ASML Shares Decline Following Report That US Wants to Limit Sales to China
ASML shares fell 7.2% after a report said the U.S. government wants to restrict the sale of semiconductor equipment to China. The Dutch company has be
ASML shares fell 7.2% after a report said the U.S. government wants to restrict the sale of semiconductor equipment to China. The Dutch company has been unable to sell its most advanced machines to Chinese customers since 2019. Restricting their sale would be damaging to Chinas chip industry and would likely worsen a global semiconductor shortage. The U.S. National Security Commission on Artificial Intelligence has recommended that allies should deny China access to top DUV, EUV, and related tools. Analysts say a total ban on DUV equipment is highly unlikely, but further restrictions could be tied to Chinas foreign policy. B2B Tech News | 3 years ago
Fujitsu increases focus on telecommunications investments in South America
The Japanese computer and technology group Fujitsu is focusing its investments on the telecommunications sector in South America. Its main segment in
The Japanese computer and technology group Fujitsu is focusing its investments on the telecommunications sector in South America. Its main segment in the region is products for data centers, and it boasts large contracts in the storage segment. The company is now competing for a share of the emerging open RAN segment, as well as for optical products. Japanese electronics giant Fujitsu plans to enter the telecom market in South America by 2023. The company sees potential in industrial hubs, agribusiness, and offshore drilling firms, as well as in private networks. It already has customers in Brazil, Colombia, Chile, and Argentina. B2B Tech News | 3 years ago
Two senators want an FTC investigation into TikToks use of American data
The Federal Trade Commission FTC is being asked to investigate TikTok and parent company ByteDance over its handling of U.S. data. Senator Mark Warner
The Federal Trade Commission FTC is being asked to investigate TikTok and parent company ByteDance over its handling of U.S. data. Senator Mark Warner, a Democrat, and Republican Marco Rubio have called on the FTC to look into the matter. This follows a Buzzfeed report that said TikTok allowed employees in China to repeatedly access the private data of users in the United States. TikTok says it has not shared user data with the Chinese government. TikTok is one of the worlds most popular social media apps with more than 1 billion active users globally and counts the U.S. as its largest market. B2B Tech News | 3 years ago
Middle Eastern entrepreneurs are named winners of the C3 Impact Accelerator
The winners of the 2022 C3 Impact Accelerator awards have been announced after a final round of business pitches at HSBCs UAE headquarters in Dubai.
The winners of the 2022 C3 Impact Accelerator awards have been announced after a final round of business pitches at HSBCs UAE headquarters in Dubai. BlindLook, empowering those with visual impairment by developing audio mapping technologies, came first, with the UAEs Homeport Water Solutions coming second, and Egypts iSchool coming third. Judges decided to further add a fourthplace award, won by UAEbased Manhat, which focuses on delivering natural water distillation across the UAE. The awards were presented by Sabrin Rahman, Managing Director and Head of Sustainability for HSBC Europe and MENAT, Nasser Alshaali, Chairman of HSBC Egypt, and Medea Nocentini, Founder of C3. The winners of the C3 Impact Accelerator, powered by HSBC, have been announced at an awards ceremony in Abu Dhabi. BlindLook, CWallet, FortyGuard, Homeport Water Solutions, iSchool, Manhat, MonkiBox, and ONE MOTO were selected from a pool of 40 semifinalists. B2B Tech News | 3 years ago
In the biggest breach, a hacker offers to sell a Chinese police database
A hacker has made an offer to sell a database from the Shanghai police that may have data on 1 billion Chinese people. It was impossible to determine
A hacker has made an offer to sell a database from the Shanghai police that may have data on 1 billion Chinese people. It was impossible to determine how big the leak was. Chinese authorities have mastered the art of gathering digital and biological data on peoples daily activities and social connections. According to a rights group, there is no system in place to hold governmental organizations accountable for data leaks. Staterun media did not report the Shanghai police breach because it has also been largely subject to censorship. The Chinese public typically has less faith in private companies and more trust in the governments handling of data. B2B Tech News | 3 years ago
Russias oil is in a long decline, and the war has exacerbated the problem
The world price of oil exceeded $ 100 a barrel, and on March 8, Brent crude oil rose to $ 130. After more than four months of the war, Russias oil and
The world price of oil exceeded $ 100 a barrel, and on March 8, Brent crude oil rose to $ 130. After more than four months of the war, Russias oil and gas production reached the early level of the war. Russia is the EUs largest energy supplier, accounting for 27% of oil imports and 41% of gas imports. It has not been easy for the EU to ban imports after the war. Other countries have restricted imports of Russian crude oil. Despite all these restrictions, the price of oil has fallen from March highs. This is partly due to the bleak outlook for the world economy, driven by inflation and rising interest rates B2B Tech News | 3 years ago
Gold Coast rocket maker forges its way into Australias nascent space industry, building a bus to the stars
Adam Gilmours rocket company is preparing to launch a rocket into the Moons orbit. The Gold Coastbased entrepreneur taught himself the basics of rocke
Adam Gilmours rocket company is preparing to launch a rocket into the Moons orbit. The Gold Coastbased entrepreneur taught himself the basics of rockets in his spare time before founding the company. Australia played a critical part in the golden era of space exploration in the 1960s and 70s. The launch of a NASA rocket has fuelled hopes that Australias space industry is waking from its long slumber. But there is still more to do to harness the countrys full potential, says Australian Space Agency boss Enrico Palermo and industry expert David Gilmour. B2B Tech News | 3 years agoGet The News to use newsletter to
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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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