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Bank of Mexico Confident in Financial System Amid Economic Weaknesses and Market Volatility

Despite the nations economic vulnerabilities and the risks associated with market volatility and possible trade disputes, the Bank of Mexico, Mexicos

Despite the nations economic vulnerabilities and the risks associated with market volatility and possible trade disputes, the Bank of Mexico, Mexicos central bank, stated confidence in the financial system. The bank emphasised the resilience of financial institutions in its biannual financial stability report, pointing out that capital and liquidity levels surpass legal minimums. The elections and Presidentelect Donald Trumps threats of U.S. tariffs on Mexican goods have caused considerable volatility in Mexican markets over the second part of the year. Banxico stated that market behaviour remained "relatively orderly" despite these difficulties. Despite highlighting the benefits of nearshoring trends for bank credit and economic integration with the United States, the central bank projects modest growth of 1.8% in 2024 and 1.2% in 2025. Read More..

B2B Tech News | 23 hours ago          

Brazil’s Central Bank Hikes Interest Rates to 12.25%, Signals Further Increases Ahead

At its subsequent two sessions, the Brazilian central bank indicated that interest rates may be raised by another 100 basis points, which would lift t

At its subsequent two sessions, the Brazilian central bank indicated that interest rates may be raised by another 100 basis points, which would lift the benchmark Selic rate to 12.25%. If this pattern continues, the rate may hit 14.25% by March, demonstrating the banks resolve to keep inflation under control in the face of strong economic growth and a competitive job market. The decision was made in response to President Lula da Silvas administrations spending cut package, which was below expectations, affecting inflation dynamics and undermining trust in fiscal management. The central bank increased its forecast for inflation from 4.6% to 4.9% this year. While controlling the budgetary risks brought on by rising debt servicing expenses, this tightening cycle seeks to meet the 3% inflation target. Read More..

B2B Tech News | 23 hours ago          

Google Launches Gemini 2.0 A Faster, Smarter Multimodal AI Model

The latest AI model from Google, called Gemini 2.0, is faster, more sophisticated, and able to create and comprehend text, images, audio, and video. A

The latest AI model from Google, called Gemini 2.0, is faster, more sophisticated, and able to create and comprehend text, images, audio, and video. Adding features like multilingual audio generating, visual creation, and complicated problemsolving, this model is twice as quick as its predecessor, Gemini 1.5, and can be used for tasks ranging from task execution to coding. Gemini 2.0 is a universal assistant with programs like Google Search to process multimodal data, manage complex questions, and solve mathematical puzzles. Gemini 2.0 is available for developers to test using Googles AI tools wider access is scheduled for January. Prioritising utility and safety, Google CEO Sundar Pichai highlighted the importance of the model in bringing in an "agentic era." Read More..

B2B Tech News | 23 hours ago          

OpenAI Outage Disrupts ChatGPT and Sora Services Globally

A worldwide outage at OpenAI affected ChatGPT and Sora, the recently released AI video generator. "ChatGPT is currently unavailable" was the error mes

A worldwide outage at OpenAI affected ChatGPT and Sora, the recently released AI video generator. "ChatGPT is currently unavailable" was the error message users saw while the business investigated the problem and developed a solution. About 29,000 reports on Downdetector indicated the height of the outage, which started at around 430 AM IST. On its official X account, OpenAI acknowledged the disturbance and promised users they were taking care of the issue. The problem is fixed now, although OpenAI hasnt officially announced it. This outage comes as other significant platforms, including Facebook, Instagram, and WhatsApp, experienced similar outages in recent hours, underscoring a difficult time for tech services worldwide. Read More..

B2B Tech News | 23 hours ago          

Global Outage Hits WhatsApp, Instagram, and Facebook, Disrupting Services Worldwide

Facebook, Instagram, and WhatsApp went down globally on Wednesday, preventing thousands of users from accessing or updating material. More than 23,000

Facebook, Instagram, and WhatsApp went down globally on Wednesday, preventing thousands of users from accessing or updating material. More than 23,000 Instagram users experienced similar troubles, while over 50,000 Facebook users reported problems like post disruptions and unsuccessful login attempts, according to DownDetector. Users of WhatsApp had trouble sending and receiving messages. Both desktop and mobile systems experienced outages. While acknowledging the problem, Meta said it was striving to restore services promptly. After final inspections, the corporation declared that services were almost restored by Thursday at 350 A.M. IST. The outages started at approximately 11 P.M. IST and impacted social media and communication worldwide. Meta expressed regret for any inconvenience the disruptions had caused. Read More..

B2B Tech News | 23 hours ago          

Microsoft’s December Patch Tuesday Fixes Critical ZeroDay Exploited in the Wild

In its December 2024 Patch Tuesday releases, Microsoft fixed 71 security issues and a significant zeroday vulnerability that was being actively exploi

In its December 2024 Patch Tuesday releases, Microsoft fixed 71 security issues and a significant zeroday vulnerability that was being actively exploited in the wild. Unpatched Windows PCs were at serious risk due to the zeroday vulnerability that Crowdstrike found, which gave attackers systemlevel privileges. Along with 41 additional security vulnerabilities, the update fixes 30 remote code execution vulnerabilities, 16 of which are classified as critical. Additionally, the upgrades include fixes for thirdparty software flaws in Adobe, Cisco, OpenWrt, and SAP products. To secure their devices, Windows 10 users should apply KB5048652, while Windows 11 users must install cumulative updates KB5048667 and KB5048685. Microsoft recommends updating right now to guard against any exploitation. Read More..

B2B Tech News | 23 hours ago          

Bain Capital to Increase Bid for Fuji Soft to 9,600 Yen, Outbidding KKR

U.S. private equity company Bain Capital intends to increase its bid for Fuji Soft of Japan to 9,600 yen $63.35 per share, above rival KKRs most recen

U.S. private equity company Bain Capital intends to increase its bid for Fuji Soft of Japan to 9,600 yen $63.35 per share, above rival KKRs most recent offer of 9,451 yen per share. This new bid, 1.6% more than KKRs, exacerbates the rivalry between the two companies for the $4 billion software business. Japans increasing popularity as a top location for mergers and acquisitions is reflected in the ongoing competition for Fuji Soft. In the first ten months of this year, inbound M&A activity reached a record $81 billion, a considerable rise over the previous year. Before, KKR had increased its offer from an 8,800 yen initial offering. Read More..

B2B Tech News | 1 days ago          

U.S. Commerce Department Finalizes $6.165 Billion Subsidy for Micron Technology’s Chip Manufacturing

The $6.165 billion subsidy for Micron Technology to increase semiconductor production in New York and Idaho has been finalised by the U.S. Commerce De

The $6.165 billion subsidy for Micron Technology to increase semiconductor production in New York and Idaho has been finalised by the U.S. Commerce Department. This is one of the most significant government subsidies under the $52.7 billion CHIPS and Science Act, supporting Microns intention to invest almost $100 billion in New York and $25 billion in Idaho. The subsidy allots $1.5 billion for Idaho and $4.6 billion for New York. Furthermore, a preliminary agreement suggests spending up to $275 million to update Microns facilities in Virginia. By 2035, these expenditures should boost U.S. advanced memory chip production from less than 2% to roughly 10% and generate about 20,000 new jobs, improving the nations technological prowess in vital industries like artificial intelligence and the automotive sector. Read More..

B2B Tech News | 1 days ago          



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