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GLOBAL NEWS

G20 Finance Chiefs Meet in Durban Amid Tariff Tensions and $800B African Debt Crisis

Leaders of the G20 finance ministers conference in Durban are attempting to strengthen international collaboration in the face of growing geopolitical

Leaders of the G20 finance ministers conference in Durban are attempting to strengthen international collaboration in the face of growing geopolitical division, debt problems, and tariff concerns. Under the first African presidency, South Africa is hosting the summit, which focuses on Global South objectives like climate finance, infrastructure, and multilateral bank reform. Trumps proposed 30% tariffs on EU goods could destroy transatlantic trade, according to German authorities, while South Korea and other countries prepare for similar actions. U.S. Treasury Secretary Scott Bessents absence has sparked questions about Washingtons commitment to multilateralism. Africas external debt has risen to $800 billion, leading to demands for additional aid and transparent lending. Despite disagreements, delegates want to publish a statement outlining common economic objectives. Read More..

B2B Tech News | 8 days ago      

India Negotiates Copper Supply With Chile and Peru Amid Soaring Import Dependency

India is now engaged in free trade agreement FTA negotiations with Chile and Peru to gain longterm access to vital minerals, particularly copper conce

India is now engaged in free trade agreement FTA negotiations with Chile and Peru to gain longterm access to vital minerals, particularly copper concentrate. Over 90% of Indias copper demands are currently satisfied through imports, and by 2047, that percentage is expected to increase to 97%. The goal of the proposed FTAs copperspecific provision is to lessen dependency on China, which controls the worlds supply chain for rare earth magnets and has recently imposed export restrictions. India is also looking into forming alliances with nations like South Korea and Japan for processing technology and offering incentives for domestic magnet manufacture. These initiatives back Indias strategic drive to acquire raw materials essential to the automobile, electronics, and renewable energy industries. Read More..

B2B Tech News | 8 days ago      

Trump Gives Russia 50 Days to End Ukraine War or Face 100% Secondary Tariffs

President Donald Trump has threatened to impose 100% "secondary tariffs" on Russian trading partners unless a peace agreement is reached to end the co

President Donald Trump has threatened to impose 100% "secondary tariffs" on Russian trading partners unless a peace agreement is reached to end the conflict in Ukraine within 50 days. Trump, speaking with NATO Secretary General Mark Rutte, bemoaned Vladimir Putins persistent missile strikes on Kyiv in spite of diplomatic discussions. The tariffs, which are intended to economically isolate Moscow, would be imposed on nations that do business with Russia. In order to strengthen Ukraines defences, Trump simultaneously announced a huge NATO arms sale that included Patriot missile systems and was financed by countries like Germany, Canada, and Sweden. As bipartisan support for even more severe sanctions on Russia and its enablers builds, Trumps approach changes from accommodative to aggressive. Read More..

B2B Tech News | 8 days ago      

Tesla Enters Indian Market With PremiumPriced Model Y—Deliveries Begin Q3 2025

The Model Y, which costs ₹60 lakh $69,766 for the rearwheel drive version and ₹68 lakh $79,000 for the longrange version, has been formally introd

The Model Y, which costs ₹60 lakh $69,766 for the rearwheel drive version and ₹68 lakh $79,000 for the longrange version, has been formally introduced by Tesla in India. With the opening of its first showroom in Mumbai, Tesla finally makes its longawaited debut in the Indian market. Since the cars would be imported, high tariffs and penalties will make them much more expensive than they would be in the US, China, or Germany. With deliveries anticipated to start in Q3 2025, Tesla is aiming to compete with luxury EV manufacturers like MercedesBenz and BMW. Officials alluded to potential future R&D and production opportunities in India, even if local manufacturing is not now envisaged. Read More..

B2B Tech News | 8 days ago      

Apple Invests $500M in MP Materials to Secure U.S. Rare Earth Supply Chain

To bolster its domestic supply chain, Apple has announced a $500 million investment in MP Materials, the owner of the only fully integrated rare earth

To bolster its domestic supply chain, Apple has announced a $500 million investment in MP Materials, the owner of the only fully integrated rare earth mine in the United States. As part of the agreement, Apple will buy rare earth magnets manufactured in the United States from MPs Texas factory, which will provide parts for Apple devices. In order to recycle discarded electronics and industrial garbage, the firms will also construct a new magnet factory in Fort Worth and a recycling facility in Mountain Pass, California. This action supports initiatives to lessen dependency on Chinese rare earths, particularly in light of recent export limitations, and is consistent with Apples larger $500 billion commitment to U.S. investments. Additionally, the collaboration helps Apples objectives in innovation and sustainable production. Read More..

B2B Tech News | 8 days ago      

Zuckerberg Unveils Prometheus Supercluster—Meta’s ManhattanSized AI Data Center in Ohio

The Prometheus supercluster in Ohio, which is scheduled to go online in 2026, is the first of several Manhattansized data centres that CEO Mark Zucker

The Prometheus supercluster in Ohio, which is scheduled to go online in 2026, is the first of several Manhattansized data centres that CEO Mark Zuckerberg has revealed will power Metas nextgeneration AI revolution. These multigigawatt facilities will help Meta achieve its goal of superintelligence, which is to surpass human performance in all jobs. Hyperion, a second cluster, is being built in Louisiana with a 5 GW capacity target by 2027. Supported by its thriving ad business, Meta plans to invest hundreds of billions of dollars and has hired top AI talent from Apple, Google DeepMind, and OpenAI. The infrastructure seeks to establish Meta as a leader in AI hardware and talent density by providing the greatest compute per researcher in the sector. Read More..

B2B Tech News | 8 days ago      

Switzerland Enters Global AI Race With OpenSource Multilingual Model Trained on Alps Supercomputer

A fully opensource, multilingual large language model LLM created by researchers at EPFL, ETH Zurich, and the Swiss National Supercomputing Centre CSC

A fully opensource, multilingual large language model LLM created by researchers at EPFL, ETH Zurich, and the Swiss National Supercomputing Centre CSCS is launching Switzerland into the global AI race. With the Alps supercomputer running carbonneutral electricity, the model was trained on more than 1,500 languages and is expected to be released in late summer 2025 in 8B and 70B parameter sizes. Opensource code, weights, and training methods are all freely available under the Apache 2.0 license, which places a strong emphasis on openness, usability, and legal compliance. With a focus on scientific, educational, and clinical applications over commercial competitiveness, the program underlines Switzerlands dedication to ProSocial AI. This is a big step in the direction of ethical, sovereign AI development in Europe. Read More..

B2B Tech News | 8 days ago      

Gravity Forms Plugin Hijacked in Supply Chain Attack—Malware Enables Full Site Takeover

Users of the wellknown WordPress plugin Gravity Forms were at danger of malware and remote code execution RCE after it was compromised in a supply cha

Users of the wellknown WordPress plugin Gravity Forms were at danger of malware and remote code execution RCE after it was compromised in a supply chain attack. The malicious versions 2.9.11.1 and 2.9.12 were momentarily accessible through manual downloads from the developers website, RocketGenius, on July 10–11, according to security firm PatchStack. The hijacked files generated hidden admin accounts for complete control, restricted changes, and collected site metadata. The automatic update of the Gravity API service was not impacted. Version 2.9.13 should be removed and reinstalled by anyone who manually downloaded the plugin during that time frame. This incident emphasises the need to periodically do security audits, use automated upgrades, and check sources in order to mitigate the increasing dangers to WordPress plugin ecosystem. Read More..

B2B Tech News | 8 days ago