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The German Nord Stream I gas pipeline has been closed for maintenance

According to reports, Germany is about to begin annual tenday maintenance for the country’s largest Russian gas pipeline. The Nord Stream 1 pipeline

According to reports, Germany is about to begin annual tenday maintenance for the country’s largest Russian gas pipeline. The Nord Stream 1 pipeline, destined to transport 55 billion cubic meters of gas across the bottom of the Baltic Sea annually from Russia to Germany, is scheduled for repairs from July 11 to 21. A possible continuation of the planned renovation of the gas pipeline could lead to further disruptions in the supply of gas to Europe and an extension in gas prices. Canada has announced its decision to give Russian state gas company Gazprom a timelimited and revocable license to return the equipment. Read More..

B2B Tech News | 3 years ago

Damen will release its mobile wallet application in collaboration with BKN301

Damen ePayment has chosen BKN301, a fintech company that develops payment services and BankingasaService functionalities, as its exclusive Egyptian pa

Damen ePayment has chosen BKN301, a fintech company that develops payment services and BankingasaService functionalities, as its exclusive Egyptian partner. The agreement will allow Damen to provide new features & solutions to its customers and facilitate transactions with key Egyptian trading partners in the GCC countries. 23% of people are utilizing digital platforms to send and receive their digital payments, due to the insufficient number of POS available to merchants and low uptake of payments by cards. Damens customers will be able to send money internationally from more than 100 countries using over 50 currencies while having extreme visibility over fees, processing times, and transaction monitoring. In partnership with Cashflow, a Cairobased fintech company & Switchover, an accelerator, BKN301 aims to spread its digital banking solutions throughout the MENA region. Tamer ElHussainy, CEO of Damen Company for Electronic Payments, expressed his gratitude for this partnership which Read More..

B2B Tech News | 3 years ago

Poor infrastructure is affecting our money transfer business

NIPOST is the designated postal operator for Nigeria. Sixty percent of our revenue comes from the export of items, particularly mails, parcels, and c

NIPOST is the designated postal operator for Nigeria. Sixty percent of our revenue comes from the export of items, particularly mails, parcels, and cargoes. During the pandemic, all of these stopped. The fallout of it is still living with us today. We have to keep working on it and do the necessary things to catch up. With increasing competition in the logistics industry in Nigeria, some people claim that NIPOST might become obsolete in a few years. For each registered operator that we have licensed, we have sent the list of company names, locations, and administrators to the NDLEA. So if you are driving your motorbike down the street and you are approached they have the current list, and if your name is not on the register the vehicle will be impounded. Read More..

B2B Tech News | 3 years ago

Government and court orders to block content on Twitter increased by 48,000%

An examination of Twitters global transparency reports reveals that between 2014 and 2020, the number of legal requests from India—from various cour

An examination of Twitters global transparency reports reveals that between 2014 and 2020, the number of legal requests from India—from various courts and the government—to remove content from Twitter increased by more than 48,000. In addition, data shared with Parliament revealed that during the same time frame, the number of content blocking orders issued by the government to social media companies increased by almost 2000%, highlighting the expanding trend of online censorship in India. Read More..

B2B Tech News | 3 years ago

Nokia and AT&T Mexico collaborate,To offer 5G strategic evolution

Nokia and AT&T Mexico are collaborating to bring the benefits of 5G to the country. Nokia will provide devices from its lowpower 5G AirScale RAN portf

Nokia and AT&T Mexico are collaborating to bring the benefits of 5G to the country. Nokia will provide devices from its lowpower 5G AirScale RAN portfolio based on its latest ReefShark systemonchip chipset. The project is ongoing and expected to be completed later this year. The technology is designed for all deployment scenarios including denseurban environments and widearea coverage. According to research, 5G will enable $730 billion of social and economic output in Mexico by 2035. Read More..

B2B Tech News | 3 years ago

Indonesia’s new visa policy allows travelers to live taxfree

To attract more foreign tourists, Indonesia has announced digital nomad visas for travelers. This visa allows remote workers to remain taxfree in Indo

To attract more foreign tourists, Indonesia has announced digital nomad visas for travelers. This visa allows remote workers to remain taxfree in Indonesia, including Bali. According to the 2020 State of America Independence Report, 10.9 million U.S. The 2020 workers called themselves digital denominations. Indonesia plans to allow more than 3.6 million foreign travelers to enter the country by visas next year. Remote workers can live taxfree within the country, including Bali if they receive income from companies outside Indonesia. Antigua and Barbuda have been offering nomad digital visas to travelers for two years Read More..

B2B Tech News | 3 years ago

After rejecting a $44 billion proposal, Twitter employs US legal firm Wachtell to bring a lawsuit against Musk

Twitter has hired a US law firm as it prepares to sue Elon Musk. The company wants him to complete the $44 billion acquisition of the social media com

Twitter has hired a US law firm as it prepares to sue Elon Musk. The company wants him to complete the $44 billion acquisition of the social media company. Twitter is planning to file a lawsuit against Elon Musk, people familiar with the matter say. Musk terminated his deal to take Tesla private last week. Twitters chairman has vowed a legal fight after Musk pulled out of the $72 billion deal. Twitters current legal team consists of Simpson Thacher & Bartlett LLP and Wilson Sosini Goodrich & Rosati Read More..

B2B Tech News | 3 years ago

Business transactions with Lanka can be arranged outside the ACU

According to a Reserve Bank announcement, all eligible current account transactions, including trade transactions with Sri Lanka, may now be settled i

According to a Reserve Bank announcement, all eligible current account transactions, including trade transactions with Sri Lanka, may now be settled in any authorized currency without using the Asian Clearing Union ACU mechanism. The new system will go into effect with immediate effect. The ACU currently counts as a member of Bangladesh, Bhutan, India, Iran, Maldives, Nepal, Pakistan, and Sri Lanka. All payment instruments subject to ACU must be valued in AMUs, which have a value equal to one US dollar, one euro, and one Japanese yen. Read More..

B2B Tech News | 3 years ago

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1. Global online sales are predicted to reach 22% of all retail sales in 2023.
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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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