Header-template

Global News

HEADLINES

Lucid Group Slashes Prices of Air Luxury Sedans in Bid to Boost Demand

Lucid Group is trying to stimulate demand in the face of a slowing market for electric cars by lowering the price of its Air luxury sedans by 1% to 10

Lucid Group is trying to stimulate demand in the face of a slowing market for electric cars by lowering the price of its Air luxury sedans by 1% to 10%. The cars are intended to be more competitively priced, with the Air Pure rearwheel drive starting at $69,900 and the Air Grand Touring at $109,900. The action was taken in response to a slowdown in demand for EVs, which forced manufacturers to modify their production and pricing schedules. Along with these benefits, Lucid announced that every Lucid Air purchase or lease will come with a $1,000 allowance for specific charging accessories and free regular maintenance for two years. Even with these initiatives, a slower growth rate for the worldwide EV market is anticipated in 2024 due to reduced governmental subsidies. Read More..

B2B Tech News | 1 years ago

BRICS Countries Expected to Drive Global Wealth Growth Over Next Decade

Over the next ten years, the number of millionaires in the BRICS countries is expected to rise significantly, with their $45 trillion in investable we

Over the next ten years, the number of millionaires in the BRICS countries is expected to rise significantly, with their $45 trillion in investable wealthgenerating the most significant wealth increase globally. The BRICS group is expected to have 85% more millionaires over the next ten years, according to a survey by Henley & Partners and New World Wealth. This rise is more than that of the advanced nations of the Group of Seven G7, where a 45% increase in millionaires is predicted. With an estimated 110% increase in wealth per person by 2033, India is the leader in this wealth boom, followed by Saudi Arabia, the United Arab Emirates, China, and Ethiopia. Despite this general expansion, a few BRICS nations, including Iran and South Africa, have declined their millionaire populations since 2013. Read More..

B2B Tech News | 1 years ago

Mining Indaba Highlights Urgent Need for Local Banks to Finance African Projects

The Mining Indaba this year made clear how important it is for regional banks to back more mining projects in Africa, especially those that foreign le

The Mining Indaba this year made clear how important it is for regional banks to back more mining projects in Africa, especially those that foreign lenders deem riskier. In 2022, Africa spent less than 10 per cent of the worldwide average on mining exploration, although possessing 30 per cent of the worlds mineral reserves. This was mainly because of challenges in obtaining money from outside sources. Local financial institutions are encouraged to fill this need as interest in African mining grows. The secondlargest bank in the Democratic Republic of the Congo, EquityBCDC, spoke with Celestin Mukeba Muntuabu, Managing Director, about his banks plans for African mining. Meanwhile, highinterest rates are anticipated to continue in 2024, burdening African borrowers even more—who spend a substantial amount of their export revenues on external debt repayment. Additionally, Tanzania faces a sugar shortage, prompting regulators to approve imports and plans to boost local production. Read More..

B2B Tech News | 1 years ago

Digital Realty Trust Forecasts Lower Revenue for Fiscal 2024, Shares Decline

Given the uncertain economic climate, Digital Realty Trust DLR.N expects its fiscal 2024 revenue to fall short of market projections. This is because

Given the uncertain economic climate, Digital Realty Trust DLR.N expects its fiscal 2024 revenue to fall short of market projections. This is because it is spending less on data centres. In the extended trading session that followed the news, the companys shares fell 4%. Due to high financing costs, businesses favour larger data centre operators like Equinix EQIX.O, affecting demand for smaller competitors like Digital Realty. Known for renting out managed data centres for various industries, Digital Realty and Blackstone BX.N partnered to create data centres for $7 billion last year. Despite missing projections with its fourthquarter sales of $1.37 billion, Digital Realty is nevertheless upbeat about its funds from operations, which rose to $1.53 per share from $1.45 per share in the previous year. Read More..

B2B Tech News | 1 years ago

DoorDash Reports Widening Loss in Q4 2023 Despite Surge in Delivery Orders

Despite a spike in delivery orders, DoorDashs most recent financial report showed a largerthanexpected deficit for the fourth quarter of 2023, ascribe

Despite a spike in delivery orders, DoorDashs most recent financial report showed a largerthanexpected deficit for the fourth quarter of 2023, ascribed to higher labour expenses. A 9.3% increase in total costs impacted the companys profitability. DoorDash expects to absorb early expenses and reduce them over time. Still, in response to new rules, it has increased the minimum wage for delivery workers. Despite significant marketing expenditures and service diversification efforts, such as grocery and alcohol delivery, DoorDashs estimated quarterly profitability indicator failed to meet analyst projections. The corporation launched a $1.1 billion share repurchase programme to fight Ubers rivalry. Looking ahead, DoorDash hopes to increase Gross Order Value GOV in 2024 from $66.8 billion in 2023 to $74 billion to $78 billion. Read More..

B2B Tech News | 1 years ago

Google to Launch AntiMisinformation Campaign Ahead of EU Elections

In preparation for the legislative elections in the European Union EU and the impending introduction of new laws about internet content, Google is get

In preparation for the legislative elections in the European Union EU and the impending introduction of new laws about internet content, Google is getting ready to initiate an antimisinformation campaign in five EU nations. Googles Jigsaw subsidiary will broadcast animated advertisements on websites like TikTok and YouTube in Belgium, France, Germany, Italy, and Poland due to worries that false information might sway voters. The "prebunking" strategies used in these advertisements were created in collaboration with scholars from the Universities of Bristol and Cambridge to assist viewers in spotting deceptive information before they come across it. Viewers will be asked to complete a brief online survey on YouTube to determine how well they comprehend disinformation. The initiative attempts to educate EU citizens on media literacy and stop the spread of misleading information. Read More..

B2B Tech News | 1 years ago

THub and Hexagon Launch New Cohort of LAB32 Programme

THub and Hexagon have partnered to introduce a fresh batch of their flagship programme, LAB32, which centres on Digital Twin, RealTime language transl

THub and Hexagon have partnered to introduce a fresh batch of their flagship programme, LAB32, which centres on Digital Twin, RealTime language translation, and AIpowered predictive maintenance for 100 days. Selected firms will get access to THubs activities, prospective market access at Market Access Day, coaching in gotomarket strategies, and help from value partners. Furthermore, Hexagon is offering three entrepreneurs the opportunity to work together on market entrance initiatives. Twelve startups—Deeploop, Gudlyf Mobility, LIVNSENSE, SwitchOn, CRION Technologies, AIOTEL, Eugenie.ai, Xeeed.io, Indika AI, Atomstate, GenZ Technologies, and Vitra.ai—were chosen from 230 applicants following a thorough screening process. LAB32 continues to be Indias longestrunning market readiness programme, helping businesses from the MVP stage with over 300 startups and $410 million in financing acquired so far, ready to enter the market stages Read More..

B2B Tech News | 1 years ago

Eagers Automotive Investigates Alleged Data Breach, Assures Ongoing Monitoring

On Friday, Eagers Automotive, an Australian shop, declared that it had received reports from a third party claiming to have uploaded data purportedly

On Friday, Eagers Automotive, an Australian shop, declared that it had received reports from a third party claiming to have uploaded data purportedly acquired from the companys servers to the internet. The business said it is looking into the allegation, evaluating the exposed data, and getting in touch with the impacted people. Eagers Automotive further stated that it continues to keep an eye out for any new allegations about the datas release. But when Reuters asked the Brisbanebased business for more details on the data type that had been disclosed, they waited to reply immediately. A cyber issue that affected Eagers Automotives operations in Australia and New Zealand in December affected the completion of several automobile transactions. According to an inquiry, a third party had gained unauthorised access to several of its IT systems. The business declared that the operational impact of the IT outages has mainly been mitigated, and it does not expect a significant financial impact Read More..

B2B Tech News | 1 years ago

Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

Get Latest News To Your Inbox, Subscribe To Our Newsletter.

By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.

Take a break, Play Suduko!

Refresh Your Facts

1. Global online sales are predicted to reach 22% of all retail sales in 2023.
15328

2. Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
12808

3. Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
13175

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.
12923

5. Approximately 8 billion gadgets connect on the internet every day.
16013

Sharpen your mind and memory!

Play Mind Game

Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.

Benchmark Reports

News Sites and Consultants