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Strict new conversion laws are coming to South Africa

The newly revised EE Act will go into effect in 2023 after receiving the presidents approval. The law intends to facilitate South Africas workplace tr

The newly revised EE Act will go into effect in 2023 after receiving the presidents approval. The law intends to facilitate South Africas workplace transformation and ease company operations for small and mediumsized firms SMEs. Small and mediumsized enterprises SMEs with fewer than 50 employees will no longer be considered designated employers and will therefore not be required to comply. These businesses wont be required to put policies in place to guarantee qualified individuals from specified groups have equal employment opportunities. Read More..

B2B Tech News | 3 years ago          

Sam BankmanFrieds FTX Australia enters administration

The parent company of FTX Australia, FTX Trading, domiciled in the Bahamas, has placed the firm into administration. Its possible that the cryptocurre

The parent company of FTX Australia, FTX Trading, domiciled in the Bahamas, has placed the firm into administration. Its possible that the cryptocurrency exchange utilised more than US$6 billion in customer deposits to finance its own trading tactics through a different business run by Sam BankmanFried. The assets of FTX Digital Markets have been put on ice by the Bahamas Securities Commission. For FTX Australia, administrators KordaMentha have been selected. BlockFi, which is controlled by FTX, stopped accepting withdrawals, and its believed that fellow cryptocurrency exchange Genesis has a significant stake in the firm. Read More..

B2B Tech News | 3 years ago          

GoTo could cut 1,000 jobs due to the economic slowdown

According to Bloomberg, Indonesian computer powerhouse GoTo Group is planning to shed over 1,000 workers as it reduces burn during the current economi

According to Bloomberg, Indonesian computer powerhouse GoTo Group is planning to shed over 1,000 workers as it reduces burn during the current economic crisis, citing people familiar with the matter. According to the sources, the decrease will affect personnel from all functions and will effect around 10% of GoTos workforce. GoTo was founded by a merger of Gojek and Tokopedia. Read More..

B2B Tech News | 3 years ago          

Meta closes Quitter, a tool that shows data on employee attrition and turnover trends as layoffs rock the business

In the midst of Metas largest wave of layoffs to date, Quitter was shut down. On Wednesday, Metas CEO Mark Zuckerberg distributed a memo to all staff

In the midst of Metas largest wave of layoffs to date, Quitter was shut down. On Wednesday, Metas CEO Mark Zuckerberg distributed a memo to all staff members. More than 11,000 employees, or 13% of the companys total, are being let go. Employees who are laid off will receive 16 weeks of base salary plus two additional weeks of pay for each year of service. Read More..

B2B Tech News | 3 years ago          

Japans SoftBank returns to profit as investments pick up

Sales for the quarter increased from 1.5 trillion yen to 1.6 trillion yen $11 billion, up from a loss of 398 billion yen a year earlier, the company r

Sales for the quarter increased from 1.5 trillion yen to 1.6 trillion yen $11 billion, up from a loss of 398 billion yen a year earlier, the company reported. Profits from prepaid contracts using Alibaba shares, a decrease in interestbearing debt, and investment gains were a few of the elements increasing its bottom line, according to SoftBank. More than 4 trillion yen $28 billion in profits were generated by the settlement of prepaid shares in the massive ecommerce company Alibaba. Among the many businesses that SoftBank invests in include mobile carrier SoftBank, web services provider Yahoo, and vehicleforhire business Didi. Read More..

B2B Tech News | 3 years ago          

COP 27 events highlight the power of finance for climate, adaptation in Africa

Humane immigration and fair trade regulations are necessary for reimagining the financial framework for climate change. This was the takeaway from a s

Humane immigration and fair trade regulations are necessary for reimagining the financial framework for climate change. This was the takeaway from a side event of the 27th UNFCCC Conference of Parties in Sharm elSheikh. The Scottish Government and University College London Institute for Innovation and Public Purpose coordinated the event. The Multilevel Action Pavilion is being organised by ICLEI, the focal point of the LGMA Constituency, along with more than 40 other partners at COP 27. Sessions at the Pavilions agenda will focus on how local and regional organisations can take successful action at various levels of governance. Read More..

B2B Tech News | 3 years ago          

The Australian Albanian hopes to ask Xi to lift trade restrictions

If the two leaders meet for the first time this month, Anthony Albanese plans to persuade Chinese President Xi Jinping to lift trade restrictions on b

If the two leaders meet for the first time this month, Anthony Albanese plans to persuade Chinese President Xi Jinping to lift trade restrictions on billions of dollars worth of exports. After years of strained relations, the Australian leader says he wants to build a relationship with China based on cooperation and the common good. Recent years have seen a deterioration in the two nations relations due to a number of disagreements, notably the COVID19 epidemic and human rights concerns. Since 2020, China has imposed restrictions on Australian exports worth billions of dollars. Read More..

B2B Tech News | 3 years ago          

Vietnams F88 secures $60m loan, plans to go public by 2024

F88, a financial services startup with headquarters in Vietnam, claimed to have obtained a US$50 million loan from Lending Ark as well as an additiona

F88, a financial services startup with headquarters in Vietnam, claimed to have obtained a US$50 million loan from Lending Ark as well as an additional US$10 million loan from Lendable. F88 stated in a statement that due to a delay in corporate bond issuances in Vietnam, the company must diversify its sources of funding. The startup currently has 800 locations nationwide, and by 2024, when it might file for an IPO, it hopes to have 1,400 locations. In order to enable customers to quickly obtain loans to finance their electronics purchases, it established a partnership with Mobile World, the largest electronics retailer in Vietnam, in 2021. 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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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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