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Deutsche Bank Shares Drop 4.9% on Potential Legal Liabilities

On Monday, premarket trading saw a 4.9% decrease in shares of Deutsche Bank due to disclosures on possible legal liability. The bank is facing the pos

On Monday, premarket trading saw a 4.9% decrease in shares of Deutsche Bank due to disclosures on possible legal liability. The bank is facing the possibility of a significant settlement related to a protracted legal dispute over its purchase of Postbank, valued at much to 1.3 billion euros $1.39 billion. The complaint claims that when Deutsche Bank acquired Postbank, the biggest lender in Germany, it made improper payments. This new news adds to the difficulties Deutsche Bank has been facing lately as it navigates several legal and financial crises. Premarket trading saw the banks share price decline due to investor fears stoked by the unpredictability surrounding the lawsuits result. Read More..

B2B Tech News | 1 years ago        

Televisa to Merge Sky with Izzi in Strategic Consolidation Move

Televisa intends to combine its cable TV and internet provider, Izzi, with its satellite TV division, Sky, to streamline operations and save costs. Th

Televisa intends to combine its cable TV and internet provider, Izzi, with its satellite TV division, Sky, to streamline operations and save costs. The units new leader, Francisco Valim, plans to simplify customer service, sales channels, and geographies. The integration will likely occur mainly between April and June. By the third quarter of 2024, 400 million Mexican pesos will have been saved in operational expenditures. Televisas recent decision to purchase AT&Ts share of Sky demonstrates the companys commitment to the merger despite setbacks like Skys notable losses in video subscribers. By making this change, Televisa could profit in the first quarter and reverse earlier losses. Read More..

B2B Tech News | 1 years ago        

Philips Reaches $1.1 Billion Settlement in US Ventilator Recall Lawsuits

A $1.1 billion settlement has been reached between Philips and the United States government to address personal injury claims relating to the worldwid

A $1.1 billion settlement has been reached between Philips and the United States government to address personal injury claims relating to the worldwide recall of ventilators used to treat sleep apnea. While resolving litigation uncertainty, the settlement makes no admission of responsibility. The companys market worth has dropped significantly due to having to cope with the ventilator recalls fallout for three years. The recall was brought about by worries that the foam would degrade and provide a risk of cancer along with reporting firstquarter profits above analyst forecasts with an 8% growth in core profit and steady adjusted earnings, Philips has also agreed with insurers about pay. Order intake was impacted by slower sales in China, although there was still a significant rise in profit. Read More..

B2B Tech News | 1 years ago        

Hyundai, Kia, and Baidu Join Forces to Develop Connected Car Technologies

On Sunday, Hyundai Motor and Kia Corp. announced they had inked a Memorandum of Understanding MoU with Baidu Inc. to collaborate on connected car tech

On Sunday, Hyundai Motor and Kia Corp. announced they had inked a Memorandum of Understanding MoU with Baidu Inc. to collaborate on connected car technology development. The car makers strategic decision to take advantage of Baidus resources and experience in artificial intelligence and connectivity technologies is reflected in this alliance. The partnership intends to improve the future capabilities of Hyundai and Kia vehicles by providing cuttingedge connection, navigation, and autonomous driving features and services. Hyundai and Kia are dedicated to supporting automotive innovation and providing their consumers with cuttingedge experiences by partnering with Baidu. Read More..

B2B Tech News | 1 years ago        

US Imposes Sanctions on Indian Companies Over Alleged Involvement in Iranian UAV Trade

Three ships from India were among the firms, people, and persons that the US sanctioned for their role in transferring Uncrewed Aerial Vehicles UAVs a

Three ships from India were among the firms, people, and persons that the US sanctioned for their role in transferring Uncrewed Aerial Vehicles UAVs and facilitating illegal commerce on behalf of the Iranian military. Zen Maritime, Port India Private Limited, and Sea Art Ship Management OPC Private Limited, three Indian enterprises, were part of the extensive maritime network that supported Sahara Thunder, which was exposed as a significant front company for Iranian economic activity. These businesses assisted with supplies to several countries, including Venezuela, China, and Russia. The US Treasury underlined the destabilising actions of Irans Ministry of Defence and Armed Forces Logistics. It reaffirmed its determination to counter these actions in tandem with allies abroad. Read More..

B2B Tech News | 1 years ago        

Microsofts ThirdQuarter Revenue Soars to $61.9 Billion, Exceeding Expectations

On April 25, Microsoft Corp. released its outstanding thirdquarter results, beating analyst expectations and reporting sales of $61.9 billion, up 17%

On April 25, Microsoft Corp. released its outstanding thirdquarter results, beating analyst expectations and reporting sales of $61.9 billion, up 17% year over year. With $60.9 billion in revenue, profits came in at $2.94 per share, above expectations of $2.83 per share. The solid corporate demand for its cloud and AI products was the driving force behind the excellent success. Revenue growth was greatly aided by CEO Satya Nadellas plan of incorporating OpenAIs AI technology into Microsofts product line. Microsofts cloud platform, Azure, had a 31% growth in revenue, of which around 7% was attributable to AI. Revenue from commercial cloud products climbed by 23%, while commercial bookings saw a 29% rise. Microsoft predicts revenue and operating income growth of more than 10% for the fiscal year and Azure growth of 30–31% for the current quarter. Read More..

B2B Tech News | 1 years ago        

Barclays Reports £111 Million Q4 Loss Amid Restructuring Efforts

In the fourth quarter of 2023, Barclays had a net loss of £111 million due to operational adjustments meant to enhance efficiency and save costs. The

In the fourth quarter of 2023, Barclays had a net loss of £111 million due to operational adjustments meant to enhance efficiency and save costs. The banks dedication to its reform initiatives, which include more investments in the UK consumer sector and the impending purchase of Tesco Bank, was underscored by CEO C.S. Venkatakrishnan. Although the reorganisation cost £900 million, gross cost reductions of about £500 million are anticipated by 2024. A change in strategy is indicated by the banks separation into five operational divisions and its promise to repay £10 billion to shareholders between 2024 and 2026. Financial experts see the firstquarter results favourably and point out Barclayss compliance with its financial roadmap and the possibility of changing its story about value. Read More..

B2B Tech News | 1 years ago        

Rubrik Makes Strong NYSE Debut, Shares Surge 21%

With shares rising by about 21%, Rubrik got a great start on the New York Stock Exchange, valuing the cybersecurity company at $6.77 billion. This ach

With shares rising by about 21%, Rubrik got a great start on the New York Stock Exchange, valuing the cybersecurity company at $6.77 billion. This achievement reflects the rising need for cybersecurity solutions as cloud applications are adopted more quickly, putting companies at risk of online assaults. More than 6,100 companies, including wellknown brands like Whirlpool, PepsiCo, and Goldman Sachs, rely on Rubrik for data protection solutions. The fact that Rubriks IPO garnered $752 million despite competition from other data management companies shows investor confidence. Under the direction of CEO Bipul Sinha and supported by investments from Lightspeed Venture Partners, Greylock Partners, and Microsoft, Rubriks launch highlights the resiliency of cybersecurity companies in the present market environment. Read More..

B2B Tech News | 1 years ago        



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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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5.  Approximately 8 billion gadgets connect on the internet every day.
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