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U.S. Removes Uganda and Three Other African Nations from AGOA Trade Program

Uganda and three other African nations—the Central African Republic, Gabon, and Niger—were kicked out of the African Growth and Opportunity Act AG

Uganda and three other African nations—the Central African Republic, Gabon, and Niger—were kicked out of the African Growth and Opportunity Act AGOA by the United States at the end of December. This choice may significantly affect Ugandas economy as it will limit the countrys capacity to export specific goods to the US taxfree. Under AGOA, qualifying subSaharan African nations can import more than 1,800 goods dutyfree from the US. After passing the contentious AntiHomosexuality Act last year, which raised questions about potential human rights abuses, Uganda was kicked out of AGOA. Read More..

B2B Tech News | 2 years ago          

U.S. Chip Stocks, Including AMD and Qualcomm, Decline Amid Broader Market Trends

The PHLX semiconductor index fell 2.1% as a result of decreases in U.S. chip companies, notably Advanced Micro Devices AMD, Qualcomm QCOM, and Broadco

The PHLX semiconductor index fell 2.1% as a result of decreases in U.S. chip companies, notably Advanced Micro Devices AMD, Qualcomm QCOM, and Broadcom AVGO. Since December 27, when the index hit a record high, it has decreased by over 7%. As investors wait to learn more about interest rate policy from the Federal Reserves December meeting minutes, this dip is part of a more significant trend on Wall Street. Anticipations of interest rate decreases and excitement regarding artificial intelligence caused the PHLX semiconductor index to rise by 65% in 2023. Leading AIrelated chip maker Nvidia had a quadruple increase in stock market value in 2023. Read More..

B2B Tech News | 2 years ago          

TMobile Partners with SpaceXs Starlink for SatelliteBased Mobile Connectivity

The first Starlink satellites that can offer directtocell connectivity were safely launched by SpaceX, according to TMobile US. TMobile intends to pro

The first Starlink satellites that can offer directtocell connectivity were safely launched by SpaceX, according to TMobile US. TMobile intends to provide network connectivity to mobile subscribers in specific areas of the US via SpaceXs Starlink satellites. Text messaging will be the first service offered phone and broadband capabilities will be added later. Through this partnership, TMobile can use satellite technology to provide better coverage in places with scarce traditional infrastructure. SpaceX collaborates on directtocell technology with several international cellular service providers, such as KDDI, Optus, One NZ, and Rogers. Read More..

B2B Tech News | 2 years ago          

GSAT20 Indias ISRO Chooses SpaceX for Launch to Boost Broadband Connectivity

Indias space agency announced a collaboration with SpaceX to launch a communications satellite through its commercial arm, NewSpace India Ltd NSIL. GS

Indias space agency announced a collaboration with SpaceX to launch a communications satellite through its commercial arm, NewSpace India Ltd NSIL. GSAT20 is a highcapacity satellite designed to improve broadband connectivity in India, especially in rural and isolated areas. The Falcon 9 rocket from SpaceX will be used for the launch, slated for the second quarter of this year. With a weight of 4,700 kg, the GSAT20 satellite weighs more than the existing record of 4,000 kg set by Indias ISRO space agency for spacecraft launches. With this alliance, Elon Musks SpaceX—also looking into potential markets for his Starlink satellite broadband—makes its first appearance in India. Read More..

B2B Tech News | 2 years ago          

Baidu Set to Donate Quantum Computing Lab to Beijing Academy of Quantum Information Sciences

The Chinese internet giant Baidu intends to support the Beijing Academy of Quantum Information Sciences BAQIS, a governmentbacked organisation, by don

The Chinese internet giant Baidu intends to support the Beijing Academy of Quantum Information Sciences BAQIS, a governmentbacked organisation, by donating equipment and a laboratory for quantum computing. The action follows Alibabas announcement in November of its intention to gift the lab and experimental equipment to Zhejiang University as part of a more extensive reorganisation, which included the closure of the facility and team dedicated to quantum computing. In 2018, Baidu opened its research centre for quantum computing. Before this, the two organisations had worked together on quantum research projects at BAQIS. Baidu and BAQIS are currently hammering out the specifics of the gift. Read More..

B2B Tech News | 2 years ago          

Articul8 AI Emerges Intels Latest Venture in Artificial Intelligence Landscape

Intel has declared the establishment of Articul8 AI, a new autonomous business dedicated to its Artificial Intelligence AI software projects. Investor

Intel has declared the establishment of Articul8 AI, a new autonomous business dedicated to its Artificial Intelligence AI software projects. Investors in the project include DigitalBridge Group, an asset management emphasising digital. Intel will remain a shareholder in Articul8 AI and have an independent board of directors. However, specifics of the deals value and Intels shareholding are yet unknown. This approach aligns with Intels goal to raise outside funding for different business areas, including plans for an eventual Initial Public Offering IPO of its programmable chip division and the spinout of Mobileye Global. Read More..

B2B Tech News | 2 years ago          

US Dollar Gains Strength, Dollar Index Rises Amid Economic Data Anticipation

The US dollar gained momentum in the financial markets, raising the dollar indexs value relative to other major currencies. The currency market change

The US dollar gained momentum in the financial markets, raising the dollar indexs value relative to other major currencies. The currency market changed before the release of vital economic statistics, such as US job data and European inflation numbers. Investors are carefully monitoring these indicators to get insight into possible actions by central banks, especially the Federal Reserve. With estimates of more than 150 basis points of easing in 2024, the market is now pricing in a strong possibility of interest rate decreases by the Federal Reserve. Meanwhile, a noteworthy surge in Bitcoin occurred, leading to a 21month high of $45,532, as anticipation of SEC approval for Bitcoin ExchangeTraded Funds ETFs grew. Read More..

B2B Tech News | 2 years ago          

Argentina and IMF Nearing Agreement on Crucial Loan Program Review

According to reports, negotiations between Argentina and the International Monetary Fund IMF are approaching the seventh review of Argentinas $44 bill

According to reports, negotiations between Argentina and the International Monetary Fund IMF are approaching the seventh review of Argentinas $44 billion loan programme. Completing this evaluation is an essential prerequisite for the delivery of the next financing tranche. Due to a change in leadership, negotiations between government representatives and IMF staff representatives had to be postponed. However, rumours say an agreement is near, and Argentina aims for approval this month. The review is essential for realigning the contract as it updates the programs performance requirements until September. If approved, it may release around $3.3 billion in payments. Read More..

B2B Tech News | 2 years ago          



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