Kasikornbank has initiated a $100 million fund, KXVC, aimed at investing in the Asia Pacific’s internet economy, predicted to reach $1 trillion by 2030. KXVC, originating from the bank’s innovation arm, will focus on startups in Israel, the US, Europe, and Asia Pacific, collaborating with major funds like HashKey Capital. Key targets include Web3 infrastructure…
ECB raises interest rates to 4.5% amid inflation fears
The European Central Bank (ECB) has increased its key interest rates by 0.25% to 4.5%, the highest level since the euro was introduced in 1999. This is the tenth consecutive rate hike by the ECB since it started its anti-inflation campaign in July last year. The decision was made at a meeting of ECB officials…
SoftBank cashes in as Arm floats in New York with $52.3bn valuation
Arm, the UK-based chip designer that powers many of the world’s smartphones and devices, is set to make its comeback to the public markets in New York on Thursday with a valuation of $52.3bn (£41.9bn). According to news, the company, which was acquired by Japan’s SoftBank in 2016, priced its shares at $51 each and…
Understanding the Difference Between a PBX and a PABX
In the ever-evolving landscape of telecommunications, two acronyms that frequently pop up are PBX and PABX. These terms, while often used interchangeably, represent distinct communication systems that businesses employ to streamline their internal and external communications. To navigate this complex terrain, it’s crucial to understand the differences between a PBX (Private Branch Exchange) and a…
Virtual Desktop Infrastructure: What It Is and How It Helps Universities to Cut
Is your university struggling with the rising costs of operating and maintaining computing resources? Are you looking for ways to optimize your budget while ensuring that students have access to efficient, reliable technologies? Virtual Desktop Infrastructure (VDI) is the solution for you! VDI technology provides universities with an affordable way to provide students with remote…
The Why, the When, and the How of Selling a Restaurant
Embarking on the journey of selling a restaurant can be a daunting yet necessary move for many business owners. It’s a decision that requires a deep understanding of the ‘why’, the ‘when’, and the ‘how’. The ‘why’ delves into the reasons that spur the need or desire to sell, which can range from retirement to…
Top Tips for Finding the Perfect Car Accident Attorney
Finding the right car accident attorney is crucial for successfully navigating the complexities of personal injury law and securing just compensation. An experienced, competent lawyer can make the difference between a positive outcome and a disappointing one. They can help you understand your rights, build a strong case, negotiate with insurance companies, and, if necessary,…
Lincolnshire Housing Partnership and Ongo Homes explore business combination
LONDON, UK: Lincolnshire Housing Partnership (LHP), a registered Housing Association, is in advanced discussions with Ongo Homes regarding the possibility of a strategic business combination. Boston Mayflower Finance PLC, a wholly owned subsidiary of LHP, is poised to play a central role in this prospective merger. However, it is crucial to emphasize that any such…
Alphabet cuts hundreds of recruiters as hiring slows down
As part of its ongoing hiring slowdown, Alphabet, the parent company of Google, announced on Wednesday that it will reduce its global recruiting team by a few hundred employees. The tech giant said that the layoffs are not part of a broader workforce reduction and that it will keep most of the recruiters for filling…
Web3 Foundation appoints Fabian Gompf as new CEO to boost Polkadot ecosystem
Fabian Gompf is appointed as the new CEO of Web3 Foundation, the organization behind the Polkadot blockchain protocol. He has a strong background in web3 and Polkadot, and will lead the Foundation’s efforts to support the Polkadot ecosystem. He replaces Bertrand Perez, who will become an advisor after two years of effective leadership. The announcement…
Walmart Canada partners with Hilton Foods to source protein products
Walmart Canada has announced a long-term supply agreement with Hilton Foods, the leading international multi-protein food business, to provide a range of protein products to its Supercentres across the country. Hilton Foods will open a new manufacturing facility in Eastern Canada, which will be its first in North America, to supply Walmart with beef, lamb,…
CoTec and Maginito to launch rare earth magnet recycling joint venture in US
CoTec Holdings Corp. and Mkango Resources Ltd. have announced a 50:50 joint venture to roll out HyProMag’s rare earth magnet recycling technology in the US. HyProMag is a subsidiary of Maginito, which is owned by Mkango and CoTec. The joint venture, HyProMag US, will use HyProMag’s Hydrogen Processing of Magnet Scrap (HPMS) technology to recover…