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Google reports that ad sales growth has slowed significantly since the pandemic

In the three months ended June 30, advertising major Google had $56 billion in revenue. While thats an 11.6% increase over the same period last year,

In the three months ended June 30, advertising major Google had $56 billion in revenue. While thats an 11.6% increase over the same period last year, the pace of growth was down significantly from the same quarter the previous year. Google beat Wall Street analysts expectations for quarterly sales and earnings. Google parent Alphabet reported on Tuesday that its quarterly revenue fell 22% as advertisers cut spending amid economic uncertainty and reduced product engagement. Cloud computing revenue grew 36% yearoveryear, and the Google Cloud segment grew 36%. Google said earlier this month that it plans to slow hiring and review investment for the rest of the year. Read More..

B2B Tech News | 3 years ago          

Thales Alenia Space water satellites collaborate with MIPRONS

A deal was signed by Thales Alenia Space and the Italian startup MIPRONS to create a satellite propulsion system that runs on water. The idea is flexi

A deal was signed by Thales Alenia Space and the Italian startup MIPRONS to create a satellite propulsion system that runs on water. The idea is flexible enough to be applied to satellites of any size, from tiny to enormous. The water is electrolyzed to produce hydrogen and oxygen, which are then fed into the combustion chamber. As a result, manoeuvres like orbit-raising, de-orbiting, and collision avoidance can be completed more quickly. Massimo Claudio Comparini, CEO of Thales Alenia Space in Italy, said, We are very proud to work with MIPRONS, which is gaining increasing international recognition since our collaboration could very well change the paradigm for space missions. Read More..

B2B Tech News | 3 years ago          

LGES of South Korea intends to build an EV battery plant in Europe

Tesla supplier LG Energy Solution Ltd LGES said on Wednesday it is looking for a new battery factory in Europe. The South Korean firm supplies electri

Tesla supplier LG Energy Solution Ltd LGES said on Wednesday it is looking for a new battery factory in Europe. The South Korean firm supplies electric vehicle EV batteries to automakers, including General Motors Co, Ford Motor Co, and Volkswagen AG. It did not say how much it planned to invest in the new European plant or give a timeframe for construction. It plans to start selling lithium iron phosphate batteries manufactured in its China plant in 2023 and add a new LFP battery production line at its factory in Michigan in 2024. Analysts expect LG Electronics to renegotiate with customers in the second half of the year as raw material costs rise and profitability recovers. Read More..

B2B Tech News | 3 years ago          

Egypts leading fashion ecommerce platform, TFK, secures a $2.6 million seed round.

Egyptbased fashion ecommerce platform The Fashion Kingdom raises $2.6 million in a seed funding round. The venture capital firm CVentures and A15 cole

Egyptbased fashion ecommerce platform The Fashion Kingdom raises $2.6 million in a seed funding round. The venture capital firm CVentures and A15 coled the round, which also saw participation from Lotus Capital, Raba Capital, Sunny Side Venture Partners, Foundation Ventures, and The Cairo Angels. TFK currently has 200 and above local and international brands on its platform with 135,000 customers. Read More..

B2B Tech News | 3 years ago          

In order to connect with consumers, Australian tech companies must develop their brand identities.

Australias tech scaleups and ASXlisted tech brands are limiting their potential for success by prioritizing product and function rather than building

Australias tech scaleups and ASXlisted tech brands are limiting their potential for success by prioritizing product and function rather than building brands that connect with people. According to new research from Hotwire Australia and the University of Sydney Business School, this mistake has a real impact on business results. This study examined the use of semiotic symbols of technological brands and branding methods at different stages of business development. Leading brands invest in creating emotional connections with consumers to ensure their emotional connection The research found that 75% of scaleups and ASXlisted tech brands adopted functional brand taglines instead of more emotive slogans. No largescale tech brand has communicated human benefits through their website content. Consumers are more likely to seek out information on brands that create emotional connections. Read More..

B2B Tech News | 3 years ago          

Interest rate hike by the US Federal Reserve will increase market risks for Asian central banks

More than five standard deviations below the 3.3 percentage point fiveyear average gap, a 75basispoint increase by the Fed would reduce Indonesias p

More than five standard deviations below the 3.3 percentage point fiveyear average gap, a 75basispoint increase by the Fed would reduce Indonesias policyrate buffer versus the US to just one percentage point. The only country in the region where the buffer will remain larger than the fiveyear average after the Fed action is New Zealand. According to the spread that Southeast Asian bonds offer over Treasuries, their appeal is at an alltime low. Australia, New Zealand, and South Korea have helped to support yields, making the spread to the US more alluring Read More..

B2B Tech News | 3 years ago          

Frances Atos reports Consistent Sales in the First Half and Anticipates FullYear Cash Burn

French IT consultancy Atos, which is in the red, reported a firsthalf profit as expected but said it would face a loss of almost €500m by 2022 as ad

French IT consultancy Atos, which is in the red, reported a firsthalf profit as expected but said it would face a loss of almost €500m by 2022 as adopted innovative plans to restore confidence in the market. Halfyear fixed exchange revenue was €5.56 billion, down 0.6% from a year earlier, in line with an average estimate of €5.52 billion among ten analysts. The group burned 500 million euros in the first half of the year and expected to burn up to 450 million euros for the full year. It now said it expects annual operating margins to be at the lower end of the previously reported 35% range. Read More..

B2B Tech News | 3 years ago          

60% Indians want to choose Web3 full time

Cryptocurrencies, metaverses, and noncontagious tokens NFTs are the most popular and desirable fields for a Web3 career in India, according to a new s

Cryptocurrencies, metaverses, and noncontagious tokens NFTs are the most popular and desirable fields for a Web3 career in India, according to a new study by global cryptocurrency exchange Kucoin. According to the report, at least 60% of surveyed Indian users who have never worked for Web3 are highly interested in job hunting, mainly motivated by career growth and excellent salary packages in the industry. Over 80% of Web3 professionals in India are under 30 years old, much younger than the global average. Notably, 72% of Web3 professionals in India are very satisfied with their career so far and are aware of the benefits of the industry, such as growth, innovation, and better wellbeing. Read More..

B2B Tech News | 3 years ago          



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Refresh Your Facts

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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