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European Union Advances Efforts to Support Ukraine with New Law on Frozen Assets

To help finance Ukraines rehabilitation, the European Union agreed on a regulation on Monday to handle windfall earnings from assets held by the Russi

To help finance Ukraines rehabilitation, the European Union agreed on a regulation on Monday to handle windfall earnings from assets held by the Russian central bank that had been blocked. After Russia invaded Ukraine, the EU and G7 froze assets worth over 300 billion euros, and discussions on their use lasted for more than a year. The new rule requires separate processing of income from Russian assets. It forbids Central Securities Depositaries CSDs, such as Euroclear, from utilising net earnings. In line with the G7 position, this action is to provide an estimated 15 billion euros over a fouryear period to aid in rehabilitating Ukraine. While the Kremlin has not yet responded, Ukrainian authorities applauded the decision. They urged bold and swift actions for practical use. Read More..

B2B Tech News | 4 days ago         

Cyberattack Forces Shutdown of Varta Production Plants, Shares Dip

Varta, a German battery manufacturer, said that on February 12, a cyberattack targeted five manufacturing units, resulting in temporary shutdowns whil

Varta, a German battery manufacturer, said that on February 12, a cyberattack targeted five manufacturing units, resulting in temporary shutdowns while the business evaluates the damage to its IT systems. Varta has formed a special task team to hasten the return of regular operations after the tragedy. Investigations are ongoing to determine the type and intensity of the cyberattack. Vartas stock fell over 3% in value due to the announcement. The event highlights the continuous threat cyberattacks represent to the manufacturing and industrial sectors, emphasising the need for strong cybersecurity measures to protect vital infrastructure and operations. Read More..

B2B Tech News | 4 days ago         

Google to Launch AntiMisinformation Campaign Ahead of EU Elections

In preparation for the legislative elections in the European Union EU and the impending introduction of new laws about internet content, Google is get

In preparation for the legislative elections in the European Union EU and the impending introduction of new laws about internet content, Google is getting ready to initiate an antimisinformation campaign in five EU nations. Googles Jigsaw subsidiary will broadcast animated advertisements on websites like TikTok and YouTube in Belgium, France, Germany, Italy, and Poland due to worries that false information might sway voters. The "prebunking" strategies used in these advertisements were created in collaboration with scholars from the Universities of Bristol and Cambridge to assist viewers in spotting deceptive information before they come across it. Viewers will be asked to complete a brief online survey on YouTube to determine how well they comprehend disinformation. The initiative attempts to educate EU citizens on media literacy and stop the spread of misleading information. Read More..

B2B Tech News | 4 days ago         

European Privacy Groups Urge Action Against Metas NoAds Subscription Service

A coalition of 28 organisations, including the Irish Council for Civil Liberties and privacy campaigner Max Schrems group NOYB, has called on Europes

A coalition of 28 organisations, including the Irish Council for Civil Liberties and privacy campaigner Max Schrems group NOYB, has called on Europes privacy regulators to block Meta Platforms noads subscription service, which was introduced in November. They contend that charging customers for privacy establishes an unsettling precedent that other businesses would follow. The European Data Protection Board EDPB is getting ready to release guidelines about the consent or pay model simultaneously with this appeal. In defence of its service, Meta claims it conforms with EU regulations. It allows consumers to choose between paying for an adfree experience or agreeing to data collecting for targeted adverts. Opponents caution that adopting a "pay or okay" approach may weaken safeguards against surveillance capitalism and violate GDPR. Read More..

B2B Tech News | 4 days ago         

Germany Faces Potential Recession, Bundesbank Report Highlights Economic Challenges

According to the Bundesbanks most recent analysis, low foreign demand, cautious consumer behaviour, and low domestic investment because of high borrow

According to the Bundesbanks most recent analysis, low foreign demand, cautious consumer behaviour, and low domestic investment because of high borrowing rates are the leading causes of Germanys probable recession. Following Russias invasion of Ukraine in 2022, the economy has had difficulties that have resulted in higher energy bills and four quarters of growth that have been flat. Although some doubt the longterm viability of Germanys economic model, the government insists that the problems it is currently facing are transitory. The Bundesbank expects more weakening because of diminishing foreign industrial demand, lower investment, and sectorspecific strikes. It does not, however, anticipate a severe decline in the labour market or a protracted recession. Read More..

B2B Tech News | 4 days ago         

Leonardo Partners with Italian Ministry of Defence for MILSCA Project, Advancing Military Space Cloud Architecture

The Ministry of Defence and Leonardo, the stateowned aerospace and defence firm in Italy, have stated that they will work together to investigate MILS

The Ministry of Defence and Leonardo, the stateowned aerospace and defence firm in Italy, have stated that they will work together to investigate MILSCA, Europes groundbreaking military space cloud architecture project. MILSCA aims to provide Italys military and government with direct access to advanced cloud, artificial intelligence, and computing resources from space. Leonardo will collaborate with Telespazio and Thales Alenia Space during a twoyear research period, utilising their aerospace sector knowledge. With its highspeed capabilities and extensive data storage on Earth and space, MILSCA will enable smooth access to critical data, including communication, earth observation, and navigation data. Leonardos strategic objectives align with its dedication to space sector improvements, which it supports through linked digital platforms that serve military and security activities. Read More..

B2B Tech News | 4 days ago         

Microsoft to Invest $2.1 Billion in AI and Cloud Infrastructure Expansion in Spain

Microsoft has disclosed plans to invest $2.1 billion over the next two years to develop its cloud computing and artificial intelligence AI infrastruct

Microsoft has disclosed plans to invest $2.1 billion over the next two years to develop its cloud computing and artificial intelligence AI infrastructure in Spain. This news comes soon after Microsoft recently announced a €3.2 billion $3.45 billion investment aimed at artificial intelligence in Germany over the next two years. Microsoft President and Vice Chair Brad Smith stressed that the investment in Spain is more than just building data centres. It highlights Microsofts 37year dedication to Spain, its security measures, and its continuous efforts to bring digital change to the nations enterprises, government, and populace. Microsoft did not immediately provide any further information on the investment. Read More..

B2B Tech News | 4 days ago         

AstraZeneca Shares Slide Despite Strong 2023 Financials

AstraZeneca posted strong financial results for 2023, including $45.8 billion in revenue and a gross profit of more than $37.5 billion. Still, its sha

AstraZeneca posted strong financial results for 2023, including $45.8 billion in revenue and a gross profit of more than $37.5 billion. Still, its shares fell by about 4% on the London Stock Exchange. The corporation made a point of highlighting how much of its sales came from cancer medications. Investors, however, did not appear thrilled, maybe due to the company missing fourthquarter profit estimates explained by higher research expenditures and lower margin sales in emerging regions. Although there is hope for cancer and rare illness treatments, AstraZeneca has to maintain growth in the face of shifting market conditions. Furthermore, the companys foray into developing obesity drugs complements its strategic efforts with the decline in demand for its COVID19 vaccination. Pascal Soriot, the CEO, is nevertheless upbeat about the potential for future development. Read More..

B2B Tech News | 6 days ago         



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