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Cisco Systems Unveils Cybersecurity Breach by UAT4356 Hackers

Cisco Systems said that cybercriminals, going by the handle "UAT4356," used hitherto undiscovered weaknesses in its Adaptive Security Appliances, whic

Cisco Systems said that cybercriminals, going by the handle "UAT4356," used hitherto undiscovered weaknesses in its Adaptive Security Appliances, which combine many digital defence features. According to Ciscos study, the organisation is a "sophisticated statesponsored actor," its impact is seen throughout government networks worldwide. After the vulnerabilities are fixed, users are advised to upgrade their software immediately. Because edge devices, such as security equipment, are located at the networks edge, they have become tempting targets for sophisticated hackers. Cisco also warned Microsoft and other suppliers about possible assaults on network devices. Although the notice was sent, the Cybersecurity and Infrastructure Security Agency CISA still needs to verify any effect on U.S. government networks. Read More..

B2B Tech News | 23 hours ago        

Moroccos Aerospace Industry Takes Flight, Valued at $2 Billion Annually

Moroccos $2 billion aircraft sector is vital to its economic diversification agenda. It tries to wean the country off of its traditional rural depende

Moroccos $2 billion aircraft sector is vital to its economic diversification agenda. It tries to wean the country off of its traditional rural dependency. Using subsidies, the nation backs companies that produce railway, automobile, and aircraft equipment, supporting the growth of Moroccan airlines such as Royal Air Maroc. Morocco is a centre for manufacturing and maintaining aeroplanes, home to 130 active aerospace companies, including Safran Aeroplanes Engines. The sector is supported by a trained workforce educated at establishments like the Institute for Aeronautics Professions in Casablanca. This highlights the countrys dedication to talent development and industrial growth despite obstacles like interruptions in the global supply chain. Read More..

B2B Tech News | 23 hours ago        

Deutsche Bank Surpasses Expectations, Reports 10% Rise in Q1 Profit

Deutsche Bank surpassed analyst estimates with a 10% gain in firstquarter earnings and a reported net profit of 1.275 billion euros. Its firstquarter

Deutsche Bank surpassed analyst estimates with a 10% gain in firstquarter earnings and a reported net profit of 1.275 billion euros. Its firstquarter earnings have been the biggest since 2013, and it has now made 15 straight quarters of profit. Additionally, group revenue increased by 1% annually to 7.8 billion euros, driven by fixed income, commissions, fee income, and currency increases. Reversing a 9% fall in 2023, the investment bank division had a notable comeback with a 13% gain in revenue to 3 billion euros. Highlights include a credit loss provision of 439 million euros and net inflows of 19 billion euros in the Private Bank and Asset Management businesses. Read More..

B2B Tech News | 23 hours ago        

Nestle India Set to Report Strong Q1 2024 Results, Fueled by Margin Enhancement

For the first quarter of 2024, Nestle India is expected to report strong profit growth fueled by margin improvement and pricing changes. With a 4% yea

For the first quarter of 2024, Nestle India is expected to report strong profit growth fueled by margin improvement and pricing changes. With a 4% yearoveryear increase in volume, revenue growth is predicted to reach 6.6%, hitting ₹5,150 crore as opposed to ₹4,830 crore the same time the previous year. It is projected that net profit will increase from ₹736.6 crore to ₹858 crore, a 16.5% increase. Analysts predict that more outofhome spending will boost profits by 300 basis points for gross margin and 110 basis points for EBITDA margin. Nestle is anticipated to profit from proactive initiatives and decrease milk expenditures, boosting EBITDA margin increase to 23.5%, despite worries about the costs of cocoa and coffee. Future patterns in demand and the dynamics of material costs will command market attention. Read More..

B2B Tech News | 23 hours ago        

Ford Motor Beats Q1 Earnings Estimates Despite Electric Vehicle Division Losses

Strong sales of trucks and commercial vehicles helped Ford Motor beat Q1 earnings projections, offsetting losses in its electric car segment. It adjus

Strong sales of trucks and commercial vehicles helped Ford Motor beat Q1 earnings projections, offsetting losses in its electric car segment. It adjusted the outlooks for capital expenditure and free cash flow while maintaining its 2024 profit projection. Automobile revenue is below projections even though it exceeded earnings predictions. After a year of $1.76 billion, net income dropped to $1.33 billion, or 33 cents per share. Adjusted earnings for the Ford Blue company suffered a dip, whilst the Ford Pro commercial business had a boom. The electric car division, Model E, reported a deficit. CEO Jim Farley outlined initiatives to lower warranty costs and solve quality concerns with the F150 truck. Ford plans to reduce expenses by $2 billion this year in response to competitor General Motors impressive Q1 results. Read More..

B2B Tech News | 23 hours ago        

Lenovo Unveils AIPowered Sustainability Advisor for Businesses

Lenovo uses artificial intelligence in its Intelligent Sustainability Solutions Advisor LISSA to help organisations choose sustainable IT purchases. T

Lenovo uses artificial intelligence in its Intelligent Sustainability Solutions Advisor LISSA to help organisations choose sustainable IT purchases. Throughout the IT lifespan, LISSA provides information on carbon emissions, which helps with packaging savings and selecting environmentally friendly solutions like TruScale Device as a Service. LISSA simulates solution routes and finds potential for emissions reduction with Generative AI to support IT decarbonisation targets. With 87% of CEOs realising that artificial intelligence may help with climaterelated problems, Lenovo wants to provide companies with datadriven sustainability insights and advice. In keeping with Lenovos pledge to achieve netzero emissions by 2050, Claudia Contreras, Executive Director of Global Sustainability Services at Lenovo, emphasises LISSAs function in directing IT procurement, enabling emission savings, and furthering sustainability goals. Read More..

B2B Tech News | 23 hours ago        

AWS to Open Cloud Regions in Southeast Asia, Meeting Growing Demand for Local Data Storage

In response to customer demand for safe local data storage, Amazon Web Services AWS is expanding cloud regions throughout Southeast Asia, as Chief Tec

In response to customer demand for safe local data storage, Amazon Web Services AWS is expanding cloud regions throughout Southeast Asia, as Chief Technology Officer Werner Vogels of Amazon highlighted. Vogels emphasised how crucial it is to comply with regional data storage regulations and safeguard clients personally identifiable information, including startups, major corporations, and governmental organisations. He underlined the importance of technology in place to aid in attempts to undergo a digital transformation, especially for government organisations that assist residents. AWS has made significant investments in nations like Malaysia to help them achieve their goals for a digital economy. Vogels emphasised that AWS places a high premium on security, with solid security measures in place to safeguard customers data in cloud regions. Read More..

B2B Tech News | 23 hours ago        

TCS and AWS Forge Strategic Partnership for Accelerated Cloud Transformation

Amazon Web Services AWS and Tata Consultancy Services TCS have teamed to accelerate clients cloud transition projects. Through this strategic partners

Amazon Web Services AWS and Tata Consultancy Services TCS have teamed to accelerate clients cloud transition projects. Through this strategic partnership, TCS can use AWS data and generative artificial intelligence technologies to support fullstack digital transformation. The partnership involves exploiting cloudnative capabilities, giving clients tools for contemporary architecture, enabling modernization at scale across various industries, including manufacturing, finance, and healthcare. AWS will also help TCS upskill 25,000 employees, guaranteeing creative solutions. This endeavour highlights the strengthening strategic alliance between TCS and AWS. It reaffirms its dedication to providing allinclusive cloud services, including migration, application modernization, and AIdriven solutions. Read More..

B2B Tech News | 23 hours 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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