Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Hedge Funds Target South Koreas Chipmakers SK Hynix, Samsung Amid AI Boom

A growing number of hedge funds are concentrating on South Koreas chipmakers, especially Samsung Electronics and SK Hynix, attracted by the predicted

A growing number of hedge funds are concentrating on South Koreas chipmakers, especially Samsung Electronics and SK Hynix, attracted by the predicted demand for premium memory chips from artificial intelligence. Despite playing a crucial role in the AI industry, funds such as Man Group, FengHe Fund Management, CloudAlpha Capital Management, and East Eagle Asset Management believe these companies are undervalued compared to rivals like Taiwans TSMC. Investor confidence is further reinforced by government assistance programmes, such as the $19 billion semiconductor industry support package in South Korea and steps to increase shareholder returns. With confidence in the IT sectors growth potential despite dangers like currency fluctuations and market rules, South Korean stocks have attracted considerable inflows, propelling the KOSPI index to its highest month in seven months. Read More..

B2B Tech News | 11 days ago        

Alphabet Halts Talks to Acquire HubSpot Amid Regulatory Scrutiny

A person familiar with the situation claims that Googles parent company, Alphabet, has chosen against pursuing a purchase of internet marketing softwa

A person familiar with the situation claims that Googles parent company, Alphabet, has chosen against pursuing a purchase of internet marketing software business HubSpot. Before abruptly ending, the Alphabet and HubSpot talks stayed within the preliminary stages and never reached the point of due diligence. This decision was made despite prior rumours from April that Alphabet was thinking about making a $25 billion takeover offer for HubSpot. The acquisition would have been Alphabets most significant transaction if it had gone through. However, antitrust authorities could have scrutinised the deal because of growing worries about the concentration of the tech sector. In the face of economic uncertainty brought on by rising borrowing rates, HubSpot—known for its inbound marketing software designed specifically for small and mediumsized businesses—has been negotiating problems connected to client demand. Read More..

B2B Tech News | 11 days ago        

China Reforms Economic Metrics, Shifts Focus to Financial Sector Profitability

China recently changed its methodology for estimating the financial sectors economic contribution, moving from emphasising the growth of loans and dep

China recently changed its methodology for estimating the financial sectors economic contribution, moving from emphasising the growth of loans and deposits to considering profitability factors like net interest income and fees. With effect from early 2024, this modification attempts to reduce distortions brought about by inflated balance sheets intended to fulfil GDP objectives and to give a more realistic picture of the sectors valueadded. The prior approach frequently exaggerated the financial sectors economic impact since it primarily focused on increasing assets and liabilities. The modification is a part of more significant initiatives to improve the effectiveness and openness of loan distribution, indicating a change in economic measures towards a preference for quality over quantity. This action may result in the financial sector contributing less in the face of persistent difficulties like an earnings crisis. Read More..

B2B Tech News | 11 days ago        

BNP Paribas Partners with Mistral AI to Deploy Large Language Models

A broad collaboration between BNP Paribas BNPP.PA and Mistral AI covering all present and upcoming commercial models has been announced. The French ba

A broad collaboration between BNP Paribas BNPP.PA and Mistral AI covering all present and upcoming commercial models has been announced. The French bank will use the massive language models of Mistral AI in various commercial applications, including IT, sales, and customer service. Established in 2023 by scientists previously employed at Google DeepMind and Meta AI, Mistral AI has become a significant participant in the European generative AI scene, having raised over 1 billion euros in funding throughout many fundraising rounds. As more financial institutions adopt cuttingedge AI technology, this partnership demonstrates BNP Paribas dedication to using generative AI to improve customer services in sales, trading, research, and other areas. Read More..

B2B Tech News | 11 days ago        

India, Russia Agree to Expand Nuclear Cooperation with Plans for Six Additional Power Units

During Russian President Vladimir Putins visit to Moscow, India and Russia, they strengthened their bilateral ties in several vital areas. Agreements

During Russian President Vladimir Putins visit to Moscow, India and Russia, they strengthened their bilateral ties in several vital areas. Agreements to increase nuclear cooperation, including ideas for six more nuclear power plants in India, were reached during talks between President Vladimir Putin and Prime Minister Narendra Modi. The cooperation also looked into supporting infrastructure investments in shipbuilding and improving the Northern Sea Route for energy transit. Enso Group of India and the Russian Direct Investment Fund RDIF decided to invest significantly in shipbuilding infrastructure. Along with attempts to resolve payment difficulties brought on by sanctions and rupee convertibility concerns, partnerships in education and medicines were also strengthened. With the current state of world politics, this visit demonstrates both countries dedication to fortifying their economic relations. Read More..

B2B Tech News | 11 days ago        

Goldman Sachs Asset Management Forecasts Slower U.S. Economic Growth for Second Half of 2024

Executives at Goldman Sachs Asset Management GSAM predict a slower pace of U.S. economic growth in the second half of 2024, around 2%. They attribute

Executives at Goldman Sachs Asset Management GSAM predict a slower pace of U.S. economic growth in the second half of 2024, around 2%. They attribute this to lower growth in earnings and more political unpredictability. Despite these obstacles, GSAM is upbeat about investing prospects and singles out various AI stocks with an exceptionally bright midyear outlook. The need to diversify beyond the early victors in the AI space, like Nvidia, which has dominated market returns, is emphasised. In the context of anticipated interest rate reductions beginning in September, GSAM sees possibilities in the fixedincome markets, particularly in structured credit and highyield bonds. They also view Indian and Japanese equities favourably, citing their alignment with trends like AI adoption and climate change initiatives, along with positive reforms in Japanese corporate governance. Read More..

B2B Tech News | 11 days ago        

ONGC Unveils Ambitious Rs 2 Lakh Crore Investment Plan for Renewable Energy and Green Hydrogen

The companys shares increased after ONGC revealed intentions to invest over Rs 2 lakh crore in green hydrogen plants and renewable energy sites. The c

The companys shares increased after ONGC revealed intentions to invest over Rs 2 lakh crore in green hydrogen plants and renewable energy sites. The companys goal is to reach netzero carbon emissions by 2038. Under this strategy, 5 gigawatts of renewable energy capacity, green hydrogen, biogas, and offshore wind projects will be developed, with investments totalling Rs 97,000 crore by 2030. By 2035, ONGC intends to spend an additional Rs 65,500 crore in green hydrogen or green ammonia facilities, and by 2038, Rs 38,000 crore in offshore wind projects with a gigawatt capacity. These initiatives are anticipated to offset around 9 million tonnes of carbon emissions. ONGC plans to invest Rs 5,000 crore to end gas flaring by 2030. Read More..

B2B Tech News | 11 days ago        

New Zealands Central Bank Holds Cash Rate at 5.5%, Hints at Future Easing

Though it left open the possibility of further lowering inflation declined as anticipated, the central bank of New Zealand kept the cash rate at 5.5%

Though it left open the possibility of further lowering inflation declined as anticipated, the central bank of New Zealand kept the cash rate at 5.5% on Wednesday. Following analysts forecasts, the Reserve Bank of New Zealand RBNZ released unusually dovish commentary on this decision, indicating that while monetary policy remains tight, the restriction will gradually lessen. In addition, twoyear swap rates hit a sixmonth low. The New Zealand dollar decreased by 0.74% to $0.6085. Now that the RBNZ anticipates inflation to return to its target range later this year, economists anticipate an early start to rate decreases, possibly in November. The Australian Reserve Bank, still wary of inflation threats, stands in contrast to this dovish position. Read More..

B2B Tech News | 11 days ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   2253   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   2164   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   2495   

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.
   2650   

5.  Approximately 8 billion gadgets connect on the internet every day.
   3653   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.