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On September 1, Facebooks cryptocurrency project will be completely shut down

Meta plans to close its Novi digital wallet on September 1, just 11 months after the debut of the company formerly known as Facebook. The company rele

Meta plans to close its Novi digital wallet on September 1, just 11 months after the debut of the company formerly known as Facebook. The company released Novi last October in a socalled beta or test version using the cryptocurrency exchange Coinbase. The Diem project, which was backed by Meta, faced intense scrutiny from regulators, which led to its demise. Stablecoins have come under scrutiny amid a broader cryptocurrency market downturn. The May collapse of UST, which lost its peg to the dollar, concerned investors and regulators. Meta shares were flat in afterhours trading at $160.00. Read More..

B2B Tech News | 3 years ago          

Kenya, TZ trade tops 100 billion shillings as Suluhu celebrates one year in office

Trade between Kenya and Tanzania reached Sh107.63 billion in March 2022, up 66.86 % from Sh64.51 billion the previous year. According to data compiled

Trade between Kenya and Tanzania reached Sh107.63 billion in March 2022, up 66.86 % from Sh64.51 billion the previous year. According to data compiled by the Kenya National Bureau of Statistics, Kenyan traders spent Sh56.78 billion trucking in goods from Tanzania KNBS. Ms. Suluhus trip to Kenya in May of last year marked the first official state visit she had made since taking office. During that trip, she and her host, President Uhuru Kenyatta, gave instructions to their respective trade ministries to find and settle any outstanding disputes affecting the flow of goods across borders. Read More..

B2B Tech News | 3 years ago          

Deutsche Bank accelerates the hiring of technicians in India

The bank has doubled its headcount in India to 5,000, primarily in tech, but also in other roles. It will add another 2,500 people this year to cater

The bank has doubled its headcount in India to 5,000, primarily in tech, but also in other roles. It will add another 2,500 people this year to cater to growth and backfill roles, he says. As we launch our technology strategy in 2019, we want to strengthen engineering and IT architecture excellence at Deutsche Bank and maintain these capabilities inhouse, the bank’s chief technology, data, and innovation officer Bernd Lugert told ET recently. Visit India. Read More..

B2B Tech News | 3 years ago          

In line with an IPO, what does the $100M acquisition of Unbxd mean for Netcore

Netcore Cloud has been on an acquisition spree, taking over Quinto.ai, Boxx.ai, and Hansel.io.As the company heads toward an IPO, it identifies new in

Netcore Cloud has been on an acquisition spree, taking over Quinto.ai, Boxx.ai, and Hansel.io.As the company heads toward an IPO, it identifies new investments and strategic acquisitions. Netcore has acquired a majority stake in USbased personalization company Unbxd. Unbxds AI/ML tech stack allows brands to implement sitewide personalization, merchandising, and shopperfocused recommendations. With the power of AI, brands can turn them from shoppers to shoppers. Ecommerce sales in SEA markets are estimated to double to $254 billion by 2026. Read More..

B2B Tech News | 3 years ago          

Amazon Egypt presents the BNPL offering via the FinTech ValU platform

Through all, Amazon Egypt is now providing qualified customers with the buy, pay later BNPL plans. Customers of all on Amazon example will have the op

Through all, Amazon Egypt is now providing qualified customers with the buy, pay later BNPL plans. Customers of all on Amazon example will have the option to choose BNPL plans, which spread payments over terms of six to sixty months. Customers will select one of the options available at checkout before entering their value customer numbers. The agreement, according to Amazon Egypts managing director of Amazon Payment Services, is a significant step in our strategy to offer flexible and reliable payment methods. Read More..

B2B Tech News | 3 years ago          

Federal criminal investigation of SPAC transaction subpoenas Trump media business

Digital World Acquisition Corp. says it has been subpoenaed by a federal grand jury in connection with a criminal probe. The Trump company also receiv

Digital World Acquisition Corp. says it has been subpoenaed by a federal grand jury in connection with a criminal probe. The Trump company also received a subpoena from the Securities and Exchange Commission regarding a civil probe. TMTG said it would comply with the subpoenas and that none of them were directed at its chairman, Trump, or CEO, former U.S. Rep. Devin Nunes. The company was also served with a subpoena from the SEC last week. A board member told management that he would quit the board during the previous week, the company said on Monday. The companys parent company, Trump Media, was incorporated in February 2021, months after Trump left office. A board member told management he would quit the board last week but said his resignation was unrelated to the companys operations. Read More..

B2B Tech News | 3 years ago          

According to a German traffic agency, 59,000 Tesla Models Y and 3 have a software issue

Tesla recalled Tesla models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. A software flaw w

Tesla recalled Tesla models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. A software flaw was causing a breakdown of the eCall, which was designed to automatically contact emergency responders in the event of a serious accident. It is an added headache for Chief Executive Officer Elon Musk after Tesla said it delivered 17.9 percent fewer electric vehicles in the second quarter than the previous quarter. Read More..

B2B Tech News | 3 years ago          

Safaricom sees longterm margins of 40% in its Ethiopian business

The new Ethiopian operation of Kenyas Safaricom Plc aspires to have gross margins of 40%. The companys financial goals, which include breaking even in

The new Ethiopian operation of Kenyas Safaricom Plc aspires to have gross margins of 40%. The companys financial goals, which include breaking even in four years, have been made public by the Vodacom Group of South Africa, which owns a 35% stake in the publiclytraded company on the Nairobi Securities Exchange. Over the next five years, the subsidiary intends to invest between $1.5 billion and $2 billion in infrastructure development and the introduction of new services. To have 1,000 workers by 2020, it has hired more than 300 people. Safaricom Ethiopia, of which the Kenyan multinational owns 55.7 percent, received an operating license in July 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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