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[thxnews]

Investment Boom: UK Attracts £100 Billion from APAC as Tech Firms Pitch at London Tech Week

  London Tech Week: A Showcase of UK Tech Prowess

Just weeks after the United Kingdom signed its largest post-Brexit trade deal with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the country is experiencing a surge of investment from the Asia Pacific (APAC) region. With over £100 billion in investment funds flocking to London, the city is hosting an unprecedented tech and investment bonanza. London Tech Week, the UK's largest technology event, is providing a platform for cutting-edge British tech firms to pitch multi-million-pound deals to APAC investors.   APAC Investors Eager to Fund Innovative Projects The APAC delegation, the largest ever to visit London Tech Week, is comprised of investors representing funds exceeding £100 billion. They are seeking opportunities to invest in innovative projects across various sectors, including fintech, clean tech, life sciences, and artificial intelligence. As day one of the event begins, significant business deals have already been secured between APAC investors and UK tech firms. Later in the day, the Minister for Investment, Lord Johnson, will lead further investment talks at the iconic London Eye.   Strategic Partnerships Forming: Sunway Group and Deeptech Labs A notable partnership taking shape is between Malaysia's Sunway Group, a leading conglomerate in Southeast Asia, and Cambridge-based venture capitalist firm Deeptech Labs. This collaboration aims to accelerate the growth of net-zero technologies and create new opportunities for UK startups in the APAC region. The partnership will be officially signed on the banks of the River Thames, followed by additional lucrative deals at the London Eye. Throughout the event, 25 tech firms will have the opportunity to pitch their latest innovations to investors within a 30-minute timeframe.  

UK's Tech Superpower Status Attracts APAC Firms

The Minister for Investment, Lord Johnson, expressed his confidence in the UK's tech sector, stating that London Tech Week demonstrates the country's position as a science and technology superpower and the best place to invest. The recent success of securing the CPTPP trade deal has generated significant interest from APAC investors, leading to substantial investments in British tech companies at the forefront of innovation.   Relocation of APAC Tech Firms to the UK The surge of APAC investment extends beyond financial contributions. Several APAC tech firms have announced plans to move their headquarters to the UK, further solidifying the country's appeal as a prime business destination. Notable examples include Japanese startups Datagusto and Qufooit, as well as New Zealand's booking platform Enrolmy. Further announcements of similar nature are expected throughout the week.  

Government Support for Tech Exports and Investment

To facilitate tech exports to the APAC region and encourage more investment, the UK government has unveiled additional support measures. Oxfordshire-based Intralink has been awarded a contract to run the new UK-APAC Tech Growth Programme under the Digital Trade Network (DTN). This initiative aims to assist UK tech companies and entrepreneurs in trading with APAC countries. Furthermore, the DTN will expand its reach to Taiwan and Vietnam, ensuring UK exporters gain access to digital tech expertise and receive support in market access and digital trading systems.   Promising UK-Australia Free Trade Agreement The APAC delegation also includes an Australian tech mission, aiming to maximize the benefits of the UK-Australia free trade agreement, which came into effect last month. This demonstrates the collaborative efforts between the two countries to foster growth and innovation in their respective tech sectors.  

London Tech Week: A Global Tech Appeal

Janet Coyle CBE, Managing Director of Grow London, London & Partners, emphasized the importance of the relationship between UK tech companies and APAC investors in unlocking growth opportunities and expanding into new markets. She expressed excitement about introducing international investors to the UK's top tech talent during London Tech Week, highlighting the global appeal of the country's tech sector evident in this year's event.   UK Tech Sector Leads the Way London Tech Week serves as a testament to the UK's remarkable post-Brexit progress in the tech industry. With a significant influx of investments from APAC and the country's position as a global tech superpower, the UK is solidifying its leadership in groundbreaking advancements. The event not only showcases the country's cutting-edge innovations but also strengthens ties with the APAC region, unlocking immense opportunities for both inward investment and outward expansion.   Sources: THX News & Department for Business and Trade and Lord Johnson. Read the full article

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[hematite2]

Yeah its not just social media. Uber for instance likes to report the service made money, but they're typically reporting earnings pre-taxes, fees, deductions, etc. They were *very* excited to announce that they're expecting to finally turn a profit this year! But its not the first time they've said that.

But Uber does have profit! They make money off of investing into other startups and techfirms and such...because the entire tech world is a big vortex of money flapping around no physical worth.

it doesn't matter how much you tell tumblr that all their silly and bad features don't work and you hate them because they're not for you. they're jingling keys to dangle in front of venture capitalists, the most gullible motherfuckers on earth, so they will keep pouring money into the giant money pit that is this website. this is also why all social media websites add features pretty much

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[aamepa-blog]

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[tech-giz]

Xiaomi India Fined With Rs. 650 Crores ($88 M) Notice for Alleged Tax Evasion • The government stated that "Neither Xiaomi India nor its contract manufacturers included the amount of royalty paid by Xiaomi India in the assessable value of the goods imported." • The government also claimed that it issued three show-cause notices to Xiaomi India to recoup the hefty amount • Xiaomi India was evading customs duty by way of under valuation, an investigation was initiated by DRI • Investigation was initiated by the Directorate of Revenue Intelligence • Searches led to the recovery of incriminating documents • "Statements of key persons of 𝐗𝐢𝐚𝐨𝐦𝐢 𝐈𝐧𝐝𝐢𝐚 and its contract manufactures were recorded, during which one of the directors of Xiaomi India confirmed the said payments," the Finance Ministry said. 𝓓𝓸𝔀𝓷𝓵𝓸𝓪𝓭 𝓞𝓾𝓻 𝓦𝓪𝓵𝓹𝓻 𝓐𝓹𝓹 𝓝𝓸𝔀: https://play.google.com/store/apps/details?id=walpr.wallpaper_app ▀▄▀▄▀▄ 𝐅𝐎𝐋𝐋𝐎𝐖 @𝐭𝐞𝐜𝐡𝐤𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞_𝐢𝐧 𝐋𝐀𝐓𝐄𝐒𝐓 𝐓𝐄𝐂𝐇 𝐒𝐓𝐎𝐑𝐈𝐄𝐒 ▄▀▄▀▄▀ #️⃣Tags : #xiaomi #xiaomiindia #miindia #xiaomiredmi #incometax #incometaxindia #tax #evasion #royalty #commerce #fossbytes #financialliteracy #import #taxationlaw #importduty #marketing #economy #drillmusic #raid #indianews #technews #technicalguruji #techfirm #dollar #financenews #taxes #fintech #fintechnews (at Mumbai, Maharashtra) https://www.instagram.com/p/CYbC_pTrqFv/?utm_medium=tumblr

[santaclausdeadindian]

1-6:

Virus size: 1.2 nanometers

Holes on mask: 200 nanometers

This is an aerosol virus, meaning it does not need a droplet to travel, it just flies right through the mask and will actually float for minutes in the air. This has been known very early into the pandemic and Dr. Fauci himself actually said early on they aren't useful. then his leaked e-mails revealed that they kept the mask nonsense alive to give the populace a sort of placebo, a measure anyone can take to make themselves feel safer. Admirable goal but it turned out terribly, as it ultimatley divided the people and turned the maskers against the anti-masker when they didn't see any things turning for the better. I would point to other countries without mask mandates and how they produced widely different infection and death rates, just like those with the ones with the strictest rules. Or you can look at different states in the USA.

Where was the inflation from Obama’s “reckless government spending”?

Well, first of all, there was inflation, albeit not as catastrophic as it is now, his administration never hit any of their goals in that regard during his presidency.

Also important factor that he inherited an economy that was in a very bad shape from the 2008 crash.

He pumped money into the economy, to stimulate growth, which happened at a very sluggish pace, even though usually great recessions are followed by swift recoveries for a short term anyways.

He did stopped the freefall, I will give him that, but I will not concede that he would have done better had he cut government spending (and more importantly size) and lowered taxes.

Instead he made borrowing very easy, cutting interest rates practically to zero. This however didn't realised in more people borrowing, just a relatively few big techfirms raking in insane amounts, which then they did not invest in building factories, since that industry is relatively low in employment numbers.

We are talking about a 9% GDP growth in 8 years. That is very far from impressive. Most people just bought shares, instead of investing. It was a liquidity trap.

Do you remember how he all started it? That's right, by bailing out the banks, with the money of the citizens.

So to the point of the inflation and why it wasn't a runaway one:

His quantitive easing policy, which is basically putting money from one pocket into another, resulted in a short term and lower than expected spur for sure.

So what was the cost of it?

Well, raising the national debt.

By 95.3%.

As for the causal mechanism with which the government spending causes inflation is pretty straightforward. Apart from a very few instances, namely infrastructure and even in that only a limited amount of projects, government spending tend to skew the free market, which in turn results in unbalancing the economy. It raises costs throughout the supply chain, it discourages investment, it results in rising prices in the areas not invested in by the government and it in turns lowers the value of savings.

And of course I have to mention government corruption, which is literally present in every instance throughout history and is usually outright ignored, like it's not one of the biggest drain and one of the worst offender in messing with the free market.

As for what Biden program responsible for the runaway inflation, you should look up how much of all the US currency ever printed came from the last half a decade (in fairness, Trump was also money printer go brrrr in his last year), or did you thought the stimulus came from money raised by selling Fort Knox gold reserves?

You’re going to have trouble with all this considering your lack of a third grade civics education.

Adorable. Well, it would have been very weird if I had third grade civics, since I'm not american. I am however coming from a country that has been down this road before, multiple times in fact.

I do suspect however that civics is more of a laws and citizen's rights thing. You are thinking of economics, I wager.

You condescending twat.

Which is I assume what your problem is because you forgot that the filibuster exists and has blocked 99% of both Biden’s and Obama’s agenda. So preventing the correction of problems Republicans created is exactly what they use it for,

That raises two questions.

If the republicans did all that, how come Obama managed to do all that above and more

and

How come the democrats didn't use this handy tool to stop the evil republicans from causing all the problems now?

since Republicans have no popular, positive agenda.

Well, I suppose there must be a blue wave coming this year then.

I mean surely nobody likes stuff like secure borders, less government spending, lowered taxes, less restrictions on the economy, rule of law or energy independence.

Edit: I do recall a bunch of democrat politicians calling Trump travel ban racist and calling for people to go out and party while the virus was already in the states.

Republicans are the embodiment of failure.

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[linchikwok]

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[mooncatchermeme-blog]

Union Bank of Switzerland said that Bitcoin’s scalability and volatility are still too high for the cryptocurrency to be used as “money”

Swiss-based investment bank and financial services company the Union Bank of Switzerland (UBS) said that Bitcoin’s (BTC) scalability and volatility are still too high for the cryptocurrency to be used as “money,” CNBC reported August 2.

In a note to clients, UBS strategist Joni Teves claimed that until regulatory support is in place and technical hurdles are overcome, Bitcoin could not become a “legitimate asset class,” underlining,

“Bitcoin is still too unstable and limited to become a viable means of payment or a mainstream asset class. Owing to its lack of price stability, bitcoin falls short of criteria that need to be satisfied to be considered money.”

Bitcoin has enjoyed increasing attention from institutional investment sources as prices staged a comeback in July, with many expecting major steps forward in terms of adoption through the second half of the year.

Approval of a Bitcoin exchange-traded fund (ETF) from U.S. regulators is widely considered potential grounds for a seismic shift in sentiment, while global trading and techfirm Susquehanna this week told CNBC a major investment source interacting with Bitcoin would spark a similar watershed moment.

UBS has traditionally been highly bearish on cryptocurrency, in May opting not to offer any related products or services to clients.

Analyzing Bitcoin’s historical price data, Teves appeared to continue the vote of no confidence, noting that Bitcoin cannot “handle the volume of transactions processed by mechanisms being used in the real world.”

Earlier this week, UBS had claimed in a report that Bitcoin would need to trade at around $213,000 in order to replace the U.S. money supply. Cryptocurrency industry figures have meanwhile calculated a price of around $223,000 to convert the entire world’s fiat money supply to Bitcoin.

[future-post-magazine-blog]

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