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Nebius Signs $1.74B AI Infrastructure Deal with Microsoft to Scale Globally

Microsoft and Nebius have inked a $1.74 billion AI infrastructure agreement to expand Nebiuss cloud and AI capabilities. The arrangement covers advanc

Microsoft and Nebius have inked a $1.74 billion AI infrastructure agreement to expand Nebiuss cloud and AI capabilities. The arrangement covers advanced compute clusters, data centre development, and integration with Microsoft Azure services. Nebius wants to handle largescale AI workloads in Europe and Asia and broaden its enterprise services. Nebiuss stock rose more than 12% after the announcement, indicating that investors were confident in the strategic alliance. By utilising Microsofts experience to expand operations and draw in enterprise clients, the agreement establishes Nebius as a leading force in the global AI infrastructure race. The move is seen by analysts as a counterbalance to cloud supremacy that is centred on the United States and as a boost to regional tech sovereignty. It is anticipated that deployment will start in early 2026. Read More..

B2B Tech News | 19 days ago        

Rand Rises 0.4% as South Africa’s Reserves Beat Forecasts

On September 5, the South African rand gained 0.4%, closing at 17.71 versus the US dollar, following central bank data that showed net foreign reserve

On September 5, the South African rand gained 0.4%, closing at 17.71 versus the US dollar, following central bank data that showed net foreign reserves rose from $65.143 billion in July to $65.899 billion in August. Nedbanks prediction of $65.2 billion was surpassed by the increase, which improved investor sentiment. According to Ipsos polling, the rand has already depreciated because of a stronger dollar and waning support for South Africas government of national unity as political disputes damaged public trust. Bearish mood was linked to political and economic uncertainties, according to ETM Analytics. With yields falling 2 basis points to 9.625%, South Africas benchmark 2035 bond likewise saw an increase. Amid wider worries about the volatility of emerging economies, the reserve data assisted in stabilising markets. Read More..

B2B Tech News | 19 days ago        

EU Fines Google €2.95B for Adtech Abuse, Sparks U.S. Trade Tensions

Google was penalised €2.95 billion $3.45 billion by the European Union for abusing its adtech dominance by giving preference to its own display adve

Google was penalised €2.95 billion $3.45 billion by the European Union for abusing its adtech dominance by giving preference to its own display advertising services over rivals. Following recent fines in the U.S. and France, this is Googles fourth significant EU punishment. The European Commission concluded that, starting in 2014, Googles actions hurt publishers, advertisers, and customers. President Trump denounced the ruling and threatened to use a Section 301 investigation to retaliate in trade. Google intends to appeal the decision, claiming it could harm companies in Europe. The business has sixty days to suggest fixes. In order to reestablish fair competition, regulators had previously asked Google to sell off a portion of its advertising business. The case highlights the growing hostilities surrounding Big Tech regulation. Read More..

B2B Tech News | 19 days ago        

ANZ Bank to Cut 3,500 Jobs Under New CEO Nuno Matos

In a significant reorganisation spearheaded by new CEO Maile Carnegie Matos, who assumed leadership in September 2025, Australias ANZ Bank will lay of

In a significant reorganisation spearheaded by new CEO Maile Carnegie Matos, who assumed leadership in September 2025, Australias ANZ Bank will lay off 3,500 employees. In the face of growing competition and pressure from the digital revolution, the layoffs are intended to simplify operations and cut expenses. The majority of impacted positions are in support and backoffice roles, and the bank has promised to provide severance and redeployment benefits. In order to enhance the client experience, Matos underlined the necessity of updating ANZs business strategy and making technological investments. The action comes after similar layoffs at international banks as they adjust to the upheaval caused by fintech and economic uncertainties. The changes, according to analysts, are a reflection of ANZs drive for profitability and agility in a financial environment that is changing quickly. Read More..

B2B Tech News | 19 days ago        

Goldman Sachs Partners with T. Rowe Price to Expand Retirement Product Access

David Solomon, the CEO of Goldman Sachs, declared that the companys alliance with T. Rowe Price will increase investor access to retirementoriented go

David Solomon, the CEO of Goldman Sachs, declared that the companys alliance with T. Rowe Price will increase investor access to retirementoriented goods. In order to better offer a larger clientele looking for retirement planning solutions, the merger combines Goldmans wealth management platform with T. Rowes longterm savings expertise. Solomon underlined the strategic need of fusing individualised financial counselling with institutionalgrade investment instruments. The partnership is a reflection of Goldmans efforts to expand its consumer finance footprint and diversify its sources of income. In light of ageing populations and changing economic situations, it also corresponds with the rising demand for retirement products. The move, according to analysts, is a step towards democratising retirement planning by providing individual investors with more easily accessible options through advisory services and internet platforms. Read More..

B2B Tech News | 19 days ago        

Bank of America Expects 10–15% Jump in Q3 Investment Banking Fees

Due to a resurgence in capital markets activity, Bank of America BofA anticipates that its investment banking fees would increase by 10–15% in Q3 20

Due to a resurgence in capital markets activity, Bank of America BofA anticipates that its investment banking fees would increase by 10–15% in Q3 2025. The bank points to a rise in M&A consulting services as well as a rise in demand for equity and debt underwriting. As lending rates stabilise, more businesses are seeking strategic deals, according to CFO Alastair Borthwick, who has seen an improvement in client interaction. This represents a change from prior quarters when market volatility and economic uncertainty put pressure on fee income. The prediction is in keeping with the general optimism of the sector, as Wall Street banks expect stronger transaction pipelines as the year draws to a close. BofAs outlook indicates a possible recovery in global financial services revenue streams and shows a revived sense of confidence among investors. Read More..

B2B Tech News | 19 days ago        

Finance Secretary Confirms IMF Negotiations Proposal Expected After 2026 Elections

After its previous $1 billion programme concluded in 2024 with only $870 million disbursed, Uganda is currently negotiating a new Extended Credit Faci

After its previous $1 billion programme concluded in 2024 with only $870 million disbursed, Uganda is currently negotiating a new Extended Credit Facility with the IMF. The proposal would be brought to the IMF Board following Ugandas national elections in early 2026, according to Finance Secretary Ramathan Ggoobi, who acknowledged that negotiations are in progress. In order to manage its growing public debt, which increased 17.8% last year to $29.1 billion, or 52.1% of GDP, the nation is looking for new concessional funding. Due to difficulties with implementation and a lack of outside finance, the previous programme ended. In the face of growing economic constraints and restricted access to affordable finance, Uganda urgently needs international support and fiscal stability, which is reflected in its appeal for renewed IMF assistance. Read More..

B2B Tech News | 19 days ago        

GST Council Slashes Rates on Essentials New 5%, 18%, 40% Slabs Effective Sept 22

With effect from September 22, Indias GST Council has authorised a significant rate revamp that will combine slabs into 5%, 18%, and 40%. According to

With effect from September 22, Indias GST Council has authorised a significant rate revamp that will combine slabs into 5%, 18%, and 40%. According to Finance Minister Nirmala Sitharaman, the GST rate will drop from 12% or 18% to just 5% for commonplace goods like toothpaste, soaps, shampoos, hair oil, and bicycles. Indian breads, paneer, and UHT milk will all be taxfree. Large cars and luxury products would be subject to 40% GST, while household equipment like TVs and refrigerators will be subject to the 18% slab. The goal of the action is to increase consumption and counteract the effects of increased import taxes from the US. Despite the possibility of a ₹47,700 crore income shortfall, the reform was unanimously endorsed by the states. It is anticipated that the restructure will help middleclass customers and streamline compliance. Read More..

B2B Tech News | 19 days ago        



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