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Stocks in Australia end softer as a profit booking

At the closing bell, the benchmark S&P/ASX200 index was down 11.61 points, or 0.16%, to 7,146.35. The All Ordinaries index rose 0.13 point, or 0.00%,

At the closing bell, the benchmark S&P/ASX200 index was down 11.61 points, or 0.16%, to 7,146.35. The All Ordinaries index rose 0.13 point, or 0.00%, to 7,350.23. The information technology sector outperformed up 5%, followed by property trusts up 4.1%, materials up 3.7%, and healthcare 3.6%. All of the Big Four banks equities fell, followed by top lender Commonwealth Bank of Australia. Perenti, a mining services provider, rose 6.3% after raising its earnings forecast for fiscal 2023. Energy stocks climbed as oil prices surged on expectations of improved Chinese demand. Read More..

B2B Tech News | 3 years ago          

Chubb promotes Howell to lead consumer business in AsiaPacific

Ben Howell has been elevated to Regional Head of Consumer, APAC for Chubbs Asia Pacific general insurance division. Howell will oversee the financial

Ben Howell has been elevated to Regional Head of Consumer, APAC for Chubbs Asia Pacific general insurance division. Howell will oversee the financial performance of Chubbs consumer division, which includes A&H and personal lines insurance. As a peoplefocused leader, he is known for assembling highperforming teams and taking an active interest in their professional growth. Read More..

B2B Tech News | 3 years ago          

Wipro appoints Ankush Saigal as head of telecommunications business in Southeast Asia

Ankush Saigal will oversee Wipros expansion in the Southeast Asian telecom sector. He will assist clients in accelerating their transformation process

Ankush Saigal will oversee Wipros expansion in the Southeast Asian telecom sector. He will assist clients in accelerating their transformation process and realising their growth goals. Ankush has a wealth of experience in creating and managing longterm strategic client relationships. The appointment comes at a time when the entire telecom industry is looking to adopt an ecosystem strategy in order to reach new heights and drive longterm growth. Read More..

B2B Tech News | 3 years ago          

US Blocks Over 1,000 Solar Shipments Against Chinese Forced Labor

Since June, US ports have detained more than 1,000 shipments of solar energy components. New legislation prohibiting imports from Chinas Xinjiang regi

Since June, US ports have detained more than 1,000 shipments of solar energy components. New legislation prohibiting imports from Chinas Xinjiang region due to worries about slave labour. Policy designed to put pressure on Beijing over its Xinjiang detention facilities. An action could hinder the Biden administrations efforts to decarbonize the US power sector in order to combat global warming. According to a trade group, the inability to procure panels is the main cause of the nearly 23 gigawatts of solar projects that are delayed. The Biden administration was asked by ACP to simplify the import vetting procedure. Read More..

B2B Tech News | 3 years ago          

Yellen visits India to strengthen USIndoPacific partnerships

U.S. Treasury Secretary Janet Yellen was focused on supply chains, Russias conflict in Ukraine, and COVID19s effects as she got ready to meet with Ind

U.S. Treasury Secretary Janet Yellen was focused on supply chains, Russias conflict in Ukraine, and COVID19s effects as she got ready to meet with Indian leaders on Friday in New Delhi. According to Yellen, cooperation between friendly nations will help diversify supply chains away from China, which presently controls over 80% of the worlds solar panel output. Global supply chains have been impacted by widespread lockdowns in important financial and manufacturing hubs as a result of Chinas strict zeroCOVID policy. According to the U.S. Treasury Department, Yellen will speak about the relationship between the United States and India in creating an economic framework in the IndoPacific region to increase economic integration with trusted trading partners and mitigate geopolitical risks. Read More..

B2B Tech News | 3 years ago          

Australia blames cybercriminals in Russia for Medibank data breach

According to investigators, cyber thieves in Russia are responsible for the Medibank ransomware attack. On the dark web, sensitive personal informatio

According to investigators, cyber thieves in Russia are responsible for the Medibank ransomware attack. On the dark web, sensitive personal information has been released. Data pertains to 9.7 million previous and current consumers, including 1.8 million international customers. The files contain healthcare claims information for nearly 500,000 people. According to cyber security experts, the criminals are most likely associated with REvil, a Russian ransomware gang. The group is wellknown for carrying out largescale attacks on targets in the United States and elsewhere. Read More..

B2B Tech News | 3 years ago          

Foodpanda Parent Company Achieves Breakeven Adjusted EBITDA in Q3 2022

Delivery Hero, the company behind food delivery major Foodpanda, posted around US$2.5 billion in revenue for the third quarter of 2022, a 28% surge co

Delivery Hero, the company behind food delivery major Foodpanda, posted around US$2.5 billion in revenue for the third quarter of 2022, a 28% surge compared to the same period last year. At the same time, its gross merchandise value GMV increased 12% year on year to US$11.7 billion. In line with former guidance, the firms platform business – which includes Foodpandas operations in Asia – broke even in the reported quarter. With this, Delivery Hero aims to raise its EBITDA margin for the period in the range of 1.4% to 1.5% compared to GMV for its 2022 financial year. Read More..

B2B Tech News | 3 years ago          

Global stocks rise after lower US inflation eases interest rate fears

Tokyo and Shanghai also increased, while Hong Kongs benchmark rose 7.7%. According to an analyst, the announcement drove a more dovish calibration of

Tokyo and Shanghai also increased, while Hong Kongs benchmark rose 7.7%. According to an analyst, the announcement drove a more dovish calibration of interest rate expectations. In order to reduce inflation, which is reaching multidecade highs, the Fed and central banks in Europe and Asia are boosting interest rates. Investors are hoping that lower inflation will cause the Fed to scale down its intentions for additional rises. The Communist Party of China vowed to reduce traveller quarantines and make other antivirus strategy reforms. Read More..

B2B Tech News | 3 years ago          



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