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Exxon CEO says there will be no new gas cars in the world until 2040, a wolf in sheeps clothing

Exxon Mobil CEO Darren Woods says every new passenger car sold in the world will be electric by 2040. The comments put a flashy coat of paint on an or

Exxon Mobil CEO Darren Woods says every new passenger car sold in the world will be electric by 2040. The comments put a flashy coat of paint on an organization that is the worlds fifthlargest historical polluter and has pushed climate denial at a high level for decades. Woods said that even if all new cars were electric by 2040, that would only drop oil demand back down to 20132014 levels. Since the company was profitable then, he sees a future where it can remain profitable, even with that level of demand. Read More..

B2B Tech News | 3 years ago          

New York fines Carnival Corporation $5 million for breaches in cybersecurity

New York State regulators fined Carnival Corporation $ 5 million for serious cybersecurity breaches. Follows four security breaches from 2019 to 2021

New York State regulators fined Carnival Corporation $ 5 million for serious cybersecurity breaches. Follows four security breaches from 2019 to 2021 that exposed sensitive customer data. The carnival worked with regulators and said they did not admit cheating. The company reached a separate $1.25 million settlement over one of the breaches. Carnival shares rose as much as 10.8% to $10.69 in Friday trading but remained more than 62% below their level a year earlier. The company said it expected occupancy levels to return to historical levels in 2023 and at higher prices. Read More..

B2B Tech News | 3 years ago          

Global Investments in Digitalization of Airport Operations are Growing, Fueling the Airport 4.0 Market Boom

Global Airport 4.0. the market is projected to grow at a solid pace during the forecast period. The presence of important players in the ecosystem has

Global Airport 4.0. the market is projected to grow at a solid pace during the forecast period. The presence of important players in the ecosystem has led to a competitive and diverse market. Increasing investments by prominent vendors in product capabilities and business expansion is assumed to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where large populations are coupled with innovations in numerous industries. Read More..

B2B Tech News | 3 years ago          

FTX Crypto Exchange is under discussion to acquire shares in BlockFi WSJ

FTX is in talks to acquire a stake in crypto lender BlockFi. BlockFi has signed a term sheet with FTX for a $250 million revolving credit facility. Th

FTX is in talks to acquire a stake in crypto lender BlockFi. BlockFi has signed a term sheet with FTX for a $250 million revolving credit facility. The news comes amid a rout in the digital currency market. The company previously announced it was cutting its headcount by about 20% amid concerns about the U.S. economy and bitcoins value. Read More..

B2B Tech News | 3 years ago          

Australian company Carsales.com will acquire 51% of American company Trader Interactive

Carsales.com Ltd said on Monday it acquired the remaining 51% stake in USbased Trader Interactive for $ 809 million. The Australian online auto classi

Carsales.com Ltd said on Monday it acquired the remaining 51% stake in USbased Trader Interactive for $ 809 million. The Australian online auto classifieds firm bought 49% of the Virginiabased online advertising company last year. It will finance the acquisition through a capital increase of AU $ 1.21 billion. Carsales CEO Cameron McIntyre said the acquisition should offer attractive economic benefits for shareholders with doubledigit earnings per share growth in the first year. Carsales.com also said that performance in the first five months of fiscal 2022 reflects a steady and healthy level of demand in the Australian automotive and nonautomotive markets. Read More..

B2B Tech News | 3 years ago          

Tanzania is attacking traders with nearly double export tariffs

Tanzanian authorities raised the price of obtaining export licenses from the previous Sh27,000 per truck to Sh52,000 as of today. As traders and truck

Tanzanian authorities raised the price of obtaining export licenses from the previous Sh27,000 per truck to Sh52,000 as of today. As traders and truckers were taken aback by the new requirement, the move resulted in a significant backlog of trucks moving to Kenya in the previous week. Tanzania has raised the fees it charges for export permits to complicate matters at the border. Another round of trade disputes between Nairobi and Dar es Salaam is also likely to result from it. Read More..

B2B Tech News | 3 years ago          

By 2029, the automotive IoT market is expected to grow rapidly

The Global Automotive IoT can be obtained through the market details such as growth drivers, latest developments, Automotive business strategies, regi

The Global Automotive IoT can be obtained through the market details such as growth drivers, latest developments, Automotive business strategies, regional study, and future market status. The report also covers information including the Plastic Additive industrys latest opportunities and challenges along with the historical and future trends. Pivotal players studied in the Automotive Internet report include Google US, Apple UK, and OnStar US. The report also gives information on the company profile, market share, and contact details of the leading players in the global Automotive IoT industry. It covers the past, present, and future Plastic Additives industry Size, trends, and the forecast information related to the expected sales revenue, growth, demand, and supply scenario from 2022 to 2029. Read More..

B2B Tech News | 3 years ago          

Prosus and Naspers would sell Tencent shares gradually to pay for share repurchases

Dutch technology investment firm Prosus and its majority South African shareholder Naspers announced plans on Monday to sell their massive stake in Ch

Dutch technology investment firm Prosus and its majority South African shareholder Naspers announced plans on Monday to sell their massive stake in Chinese software giant Tencent to fund a share purchase program. Prosus owns a 28.9% stake in Tencent, worth over $100 billion. The companies said they could sell Tencent shares at 35% of Tencents average daily trading volume. 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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