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GLOBAL NEWS

IndiaOman CEPA Nears Completion Amid ‘Omanisation’ Policy Negotiations

Omans "Omanization" strategy, which requires local hiring quotas in the private sector, is the subject of final talks as India and Oman approach the c

Omans "Omanization" strategy, which requires local hiring quotas in the private sector, is the subject of final talks as India and Oman approach the completion of a Comprehensive Economic Partnership Agreement CEPA. To safeguard Indian experts employed in Oman, India wants to freeze these quotas at their existing levels. Stronger bilateral economic relations, liberalised services trade, and 98% product access are all promised by the accord. In 2024–25, Indias exports to Oman were $443 billion, while its imports, which included chemicals, fertilisers, and petroleum, totalled over $6.51 billion. It is anticipated that the CEPA will increase investment and commerce, further integrating India into Gulf markets. Read More..

B2B Tech News | 1 days ago      

South Africa to Cut Spending if SARS Fails to Meet Revenue Target

If the South African Revenue Service SARS doesnt reach its income goal, the government of South Africa would reduce spending, said Finance Minister En

If the South African Revenue Service SARS doesnt reach its income goal, the government of South Africa would reduce spending, said Finance Minister Enoch Godongwana. Although the most recent budget made some small changes to expenditure estimates, there are still uncertainties, especially with regard to tax collection. If SARS performs as expected, a 2026 tax hike may be avoided if not, significant spending reductions will be necessary. In tackling economic issues, such as growing debt levels, the government seeks to strike a balance between maintaining budgetary stability. Read More..

B2B Tech News | 1 days ago      

Ukraine Ratifies U.S. Mineral Agreement, Advancing Reconstruction Investment Fund

Ukraine and the United States have finalised their historic mineral pact, opening the door for a joint Reconstruction Investment Fund to draw in forei

Ukraine and the United States have finalised their historic mineral pact, opening the door for a joint Reconstruction Investment Fund to draw in foreign capital. This agreement, which was signed on April 30, gives the United States exclusive access to Ukraines vital natural resources, such as lithium, titanium, and rare earth elements, which are vital for the defence and green energy sectors. Comanaged by Washington and Kyiv, the fund seeks to secure longterm U.S. investment while accelerating Ukraines economic recovery. With Ukraine guaranteeing that resource ownership stays domestic, the accord comes after months of intensive discussions. In the face of persistent geopolitical difficulties, the action signifies strengthening strategic collaboration and furthering the U.S.Ukraine economic partnership. Read More..

B2B Tech News | 1 days ago      

G7 Pledges to Address Global Economic Imbalances Amid Trade Policy Concerns

G7 finance ministers and central bank governors have committed to resolving excessive global economic imbalances, highlighting the necessity of a shar

G7 finance ministers and central bank governors have committed to resolving excessive global economic imbalances, highlighting the necessity of a shared framework to combat nonmarket policies that jeopardise economic stability. Although China isnt specifically mentioned in the draft declaration, allusions to exportdriven models and government subsidies raise questions about Chinese trade policies. The G7 also talked about reducing the cap on Russian oil prices and enforcing penalties in the event that a ceasefire in Ukraine is not achieved. The document also emphasises the importance of lowvalue goods, especially from Chinese ecommerce companies, and the resilience of supply chains. In the upcoming months, it is anticipated that the final declaration will influence international trade policy. Read More..

B2B Tech News | 1 days ago      

Trump Pressures EU to Lower Tariffs or Face Additional 20% Duties

Under threat of further reciprocal taxes of 20%, U.S. President Donald Trump is putting pressure on the European Union EU to unilaterally reduce tarif

Under threat of further reciprocal taxes of 20%, U.S. President Donald Trump is putting pressure on the European Union EU to unilaterally reduce tariffs on American exports. EU Trade Commissioner Maros Sefcovic will be told by U.S. Trade Representative Jamieson Greer that Brussels most recent explanatory note does not meet U.S. expectations. The EU has been pushing for a framework that is agreed upon by all parties, but they are still very different. In order to enable negotiations, the U.S. earlier slapped 25% tariffs on EU automobiles, steel, and aluminium, halving the 20% rate until July 8. The EU responded by proposing zero charges for all industrial goods and suspending its own retaliatory levies. Read More..

B2B Tech News | 1 days ago      

Oligo Uncovers ‘AirBorne’ Vulnerabilities in Apple’s AirPlay Protocol

Twentythree flaws in Apples AirPlay protocol and SDK, generally referred to as "AirBorne," have been found by cybersecurity firm Oligo. These flaws co

Twentythree flaws in Apples AirPlay protocol and SDK, generally referred to as "AirBorne," have been found by cybersecurity firm Oligo. These flaws could let hackers to take control of devices connected to the same WiFi network. An attack on a Bose speaker was presented by researchers, demonstrating how an attacker may seize control by executing remote code. Thirdparty products are still susceptible until manufacturers make upgrades, even though Apple has released patches for its devices. Millions of devices could take years to patch, experts warn, leaving consumers vulnerable. To reduce dangers, Apple suggests that users install security software, disable AirPlay receivers, and limit access to "Current User" alone. Read More..

B2B Tech News | 1 days ago      

Google Unveils AI Mode in Search, Enhancing Query Depth and Interactivity

AI Mode, a new feature in Google Search that improves query depth and interactivity, was introduced by Google at Google I/O 2025. Gemini 2.5, Googles

AI Mode, a new feature in Google Search that improves query depth and interactivity, was introduced by Google at Google I/O 2025. Gemini 2.5, Googles most sophisticated AI model, powers AI Modes detailed results by using query fanout technology to divide complicated queries into several searches at once. Users can receive interactive links, ask followup questions, and even search in real time using live video or photos. Google also unveiled Search Live, which lets users interact with Search using their phones camera, and Deep Search, which produces expert findings by scanning hundreds of web pages. In the United States, AI Mode is currently accessible, and a worldwide release is imminent. Read More..

B2B Tech News | 1 days ago      

X Twitter Faces Global Outage Due to Data Center Failure

Due to a data centre issue, X, formerly known as Twitter, went down globally, impacting users all around the world. Downdetector reported around 6,000

Due to a data centre issue, X, formerly known as Twitter, went down globally, impacting users all around the world. Downdetector reported around 6,000 user complaints, mostly about website functionality 38% and app access 57%, at the height of the interruption this morning. Although performance issues are still occurring for some customers, Xs engineering team acknowledged the issue and said they are actively working on a solution. Elon Musk, the CEO, initially blamed a cyberattack for a significant interruption that occurred in March 2025, but security specialists ultimately ascribed it to inadequate infrastructure security. Users vented their frustrations online, pointing out login issues and DM failures, although X has not yet offered a thorough timeframe for resolution. Read More..

B2B Tech News | 1 days ago