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BritainIndia Trade Talks End Without Deal, Elections Looming

Due in part to the impending Indian elections, the recent trade negotiations between Britain and India ended without a settlement. Although there have

Due in part to the impending Indian elections, the recent trade negotiations between Britain and India ended without a settlement. Although there have been talks for a Free Trade Agreement FTA over the past two years, both nations are preparing for national elections in 2024. The precise election dates known, to be discovered for Prime Minister Narendra Modis bid for a third term. Both parties are still dedicated to negotiating and seeking high standards for investments, commodities, and services. India and European countries recently inked a free trade agreement to prioritise tariff reductions and bring significant investments over the next 15 years. The BritishIndian discussion is ongoing despite the setback. Read More..

B2B Tech News | 1 years ago

Goldman Sachs Forecasts Bank of Japan Interest Rate Hike in March, Citing Stronger Salary Gains

At its next meeting in March, Goldman Sachs expects the Bank of Japan to raise interest rates, reversing its earlier prediction from April. This chang

At its next meeting in March, Goldman Sachs expects the Bank of Japan to raise interest rates, reversing its earlier prediction from April. This change signals a possible departure from negative rates. It comes after reports of higher compensation gains during the yearly wage talks. Although an increasing number of analysts now forecast an April rate rise due to solid wage negotiations, some still predict it in March. Though it might need to be clarified what bonds and ETFs it is buying, Goldman Sachs anticipates the BOJ to abandon its overshooting pledge and yield curve management strategy. This possible action represents a departure from the BOJs longstanding ultraloose monetary policy intended to stave off deflation. Read More..

B2B Tech News | 1 years ago

Central Bank of Malaysia Raises Concerns Over Googles Misquoting of Ringgit Exchange Rate

Concerned that Google misquoted the ringgits exchange rate, the Central Bank of Malaysia BNM claims the internet giant undervalued the ringgit relativ

Concerned that Google misquoted the ringgits exchange rate, the Central Bank of Malaysia BNM claims the internet giant undervalued the ringgit relative to the dollar. BNM said that on many occasions, including February 6 and the most recent occurrence on Friday, Google disseminated false information. BNM plans to contact Google to request an explanation and remedial action because this is a persistent problem that affects Malaysia and other countries. However, Google does not guarantee the accuracy of the data given by financial exchanges. BNM highlighted the undervalued ringgit and worked with the government to stabilise the currency by bringing more money into the foreign exchange market. Read More..

B2B Tech News | 1 years ago

L&T Technology Services Secures $100 Million Cybersecurity Program in India

The Maharashtra State Cyber Department has awarded a groundbreaking programme for around $100 million Rs 800 crore to L&T Technology Services LTTS, a

The Maharashtra State Cyber Department has awarded a groundbreaking programme for around $100 million Rs 800 crore to L&T Technology Services LTTS, a division of Larsen & Toubro L&T, in India. This effort aims to enhance public safety by employing cuttingedge cybersecurity measures. This initiative will be led by LTTS in association with KPMG Assurance and Consulting Services, emphasising developing a sophisticated cybersecurity system and setting up a centre specifically for cybersecurity and cybercrime prevention. The programme will use Artificial Intelligence AI and digital forensic techniques, such as deep fake and mobile malware forensics, to improve cyber threat identification and response capabilities. LTTS will also create a Centre of Excellence and a Digital Threat Analytics Centre, a stateoftheart Security Operations Centre SOC driven by AI and machine learning technologies, and a Central Emergency Response Team. This historic agreement demonstrates LTTSs dedication to develo Read More..

B2B Tech News | 1 years ago

Deal to Sell Majority Stake in South African Airways Collapses, Minister Confirms

The plan to sell most South African Airways SAA has fallen through, the countrys minister of public enterprises, Pravin Gordhan, has said. Although th

The plan to sell most South African Airways SAA has fallen through, the countrys minister of public enterprises, Pravin Gordhan, has said. Although the government and Takatso had previously approved the sale, Gordhan said there was no obvious way forward following a fresh business and asset appraisal. The agreement had been negotiated for three years. The COVID19 pandemics effects on air travel caused SAA, which faced liquidation concerns before filing for bankruptcy protection in 2019, to experience significant financial difficulties. To break the cycle of bailouts, the government has looked for a strategic equity partner to stabilise the airlines finances. As a result, a controlling interest sale to the Takatso Consortium was scheduled for 2021, aiming to end the cycle of bailouts to the flag carrier. Read More..

B2B Tech News | 1 years ago

U.S. Government Plans to Grant Samsung Over $6 Billion to Support Chipmakers Expansion

Sources familiar with the situation told Bloomberg News on Thursday that the U.S. government intends to award Samsung Electronics Co 005930. K.S. mor

Sources familiar with the situation told Bloomberg News on Thursday that the U.S. government intends to award Samsung Electronics Co 005930. K.S. more than $6 billion to boost the chipmakers growth ambitions beyond its stated project in Texas. The CHIPS Act, which intends to increase chip manufacture in the U.S., includes this incentive. Samsung, nevertheless, chose not to address the issue. According to reports from last year, the South Korean corporation is building a chip facility near Taylor, Texas, with expenses exceeding earlier projections, coming in at over $25 billion instead of the projected $17 billion. Read More..

B2B Tech News | 1 years ago

Adobes ADBE.O SecondQuarter Revenue Forecast Disappoints, Shares Drop Over 10%

In a challenging economic climate, Adobe ADBE.O revealed lowerthanexpected revenue for the second quarter, disappointing investors. The company attrib

In a challenging economic climate, Adobe ADBE.O revealed lowerthanexpected revenue for the second quarter, disappointing investors. The company attributed this to intense competition and poor demand for AIintegrated photography, illustration, and video tools. The announcement caused a 10%+ decline in the companys stock. While Adobe has added AI capabilities to products like Acrobat, Photoshop, and Premiere Pro, it still has competition from companies that provide comparable services. Analyst forecasts of $5.31 billion exceeded the secondquarter sales prediction of $5.25 billion to $5.30 billion. Nevertheless, Adobe exceeded projections with a firstquarter sales gain of more than 11% to $5.18 billion. The business also announced the launch of a new $25 billion stock repurchase programme. Read More..

B2B Tech News | 1 years ago

Nvidias Dominance in AI Chips Set to Continue with Upcoming Flagship Products

Nvidia and its CEO, Jensen Huang, currently hold a dominant position in the tech world as the leading supplier of artificialintelligence chips. The co

Nvidia and its CEO, Jensen Huang, currently hold a dominant position in the tech world as the leading supplier of artificialintelligence chips. The companys upcoming flagship products, to be unveiled at its annual developer conference, are expected to further solidify its market position. With a market capitalization exceeding $2 trillion and revenue projected to soar, Nvidias recent performance has been impressive. However, the key question is whether Nvidia can maintain its dominance in AI computing in the long term. The companys nextgeneration AI processor, the B100, is anticipated to play a central role in this effort. Despite challenges such as supply constraints and competition from Chinese rivals, analysts remain optimistic about Nvidias future prospects, although concerns about valuation persist amidst rapid growth. Additionally, Nvidias expansion into cloud services and software offerings is closely monitored for its impact on the competitive landscape. Read More..

B2B Tech News | 1 years ago

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