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GLOBAL NEWS

Virgin Australia Returns to Stock Market With $442.8 Million IPO

Virgin Australia will make its stock market comeback after five years under Bain Capital management with an IPO that is expected to garner $442.8 mill

Virgin Australia will make its stock market comeback after five years under Bain Capital management with an IPO that is expected to garner $442.8 million. With 236.2 million shares sold at A$2.90 each, the airline will have a fully diluted valuation of A$2.32 billion. With Qatar Airways holding a 23% stake, Bains ownership will decrease from 70% to 39.4%. Virgins enterprise value, including its A$1.31 billion in net debt, is A$3.6 billion. Trading is scheduled to start on June 24 after the IPO, which is Australias biggest this year, closes institutional bookbuilding on Thursday. Read More..

B2B Tech News | 14 hours ago      

Vietnam Signs $2 Billion MOUs for U.S. Farm Produce Amid Trade Negotiations

As part of ongoing trade talks with the Trump administration, Vietnamese companies will sign Memoranda of Understanding MOUs to buy $2 billion worth o

As part of ongoing trade talks with the Trump administration, Vietnamese companies will sign Memoranda of Understanding MOUs to buy $2 billion worth of farm produce from the United States. A delegation visited the United States to announce the deals, which include five MOUs worth $800 million for Iowa soybean meal, corn, wheat, and dry distillers grains. With reciprocal tariffs of 46%, Vietnam wants to boost U.S. imports in order to reduce the $123 billion trade gap between the two countries. Previously, the nation exported $13.68 billion to the United States and purchased $3.4 billion worth of agricultural products from the United States. In addition, Vietnam has promised to buy Boeing aircraft and liquefied natural gas while working to stop counterfeit goods and online piracy. Read More..

B2B Tech News | 14 hours ago      

Piyush Goyal Urges Stronger IndiaFrance Trade Ties Amid EU Regulatory Challenges

With a focus on navigating EU laws and expanding bilateral investments, Indias Commerce Minister Piyush Goyal has urged companies to fortify economic

With a focus on navigating EU laws and expanding bilateral investments, Indias Commerce Minister Piyush Goyal has urged companies to fortify economic links between France and India. During his speech in Paris, Goyal emphasised how India could assist French companies in increasing their manufacturing competitiveness and accessing international markets. In order to expedite trade deals and lessen regulatory obligations, he suggested forming working groups to investigate AI, finance, and technological partnerships. Goyal emphasised that although bilateral commerce between France and India reached $15.3 billion in 2024–2025, the full potential is still unrealised. He reiterated Indias dedication to a fair free trade agreement with the EU, guaranteeing reciprocal recognition of rules to promote corporate growth. Read More..

B2B Tech News | 14 hours ago      

WTO Chief Urges India to Support ChinaLed Investment Facilitation Pact

India has been urged to back the Chinaled Investment Facilitation for Development IFD accord, which is supported by 90 out of 126 WTO members, by Worl

India has been urged to back the Chinaled Investment Facilitation for Development IFD accord, which is supported by 90 out of 126 WTO members, by World Trade Organisation WTO chief Ngozi OkonjoIweala. She underlined Indias leadership role in global trade reform and the necessity of WTO modernisation while speaking at a miniministerial meeting in Paris. India has argued against the deal because it may restrict policy autonomy and divert the WTOs attention from issues pertaining to trade. India demands consensusbased decisionmaking, despite the IFDs efforts to streamline investment procedures. The WTO president also indicated ongoing talks on trade governance by talking with Commerce Minister Piyush Goyal about reforms in agriculture and dispute resolution. Read More..

B2B Tech News | 14 hours ago      

Meta Secures 20Year Nuclear Power Deal to Support AI Expansion

With the signing of a 20year power contract with Constellation Energy, Meta has secured nuclear electricity to fulfil its expanding energy needs for d

With the signing of a 20year power contract with Constellation Energy, Meta has secured nuclear electricity to fulfil its expanding energy needs for data centres and artificial intelligence. Through the agreement, Illinois Clinton Clean Energy Centre will continue to operate, increasing its output by 30 megawatts and protecting 1,100 local jobs. Through the deal, Meta will be able to promote renewable energy infrastructure without using public funds, replacing Illinois zeroemission credit program, which is set to expire in 2027. Urvi Parekh, Head of Global Energy at Meta, underlined the necessity of dependable, emissionfree power to further AI goals. Following comparable investments by Microsoft, Google, and Amazon, the move is consistent with Big Techs push towards nuclear energy. Read More..

B2B Tech News | 14 hours ago      

Qualcomm Patches Three ZeroDay Vulnerabilities in Adreno GPU Driver

Three zeroday vulnerabilities in Qualcomms Adreno GPU driver, which were actively used in targeted Android assaults, have been fixed. Due to the looph

Three zeroday vulnerabilities in Qualcomms Adreno GPU driver, which were actively used in targeted Android assaults, have been fixed. Due to the loopholes, hackers were able to install spyware or take over devices. After the vulnerabilities were identified by Googles Threat Analysis Group TAG, Qualcomm released security fixes to OEMs in May. Incorrect authorisation in the GPUs graphics framework caused memory corruption in the first two bugs, and a useafterfree bug that affected Chrome rendering was the third. In order to stop additional exploitation, Qualcomm advises customers to install security patches from device manufacturers. The event brings to light the mounting worries about smartphone securitys hardware flaws. Read More..

B2B Tech News | 14 hours ago      

Paradromics Successfully Implants Connexus BCI in Human for the First Time

The first successful implantation of Paradromics Connexus braincomputer interface BCI in a human is a significant advancement in neurotechnology. Rese

The first successful implantation of Paradromics Connexus braincomputer interface BCI in a human is a significant advancement in neurotechnology. Researchers were able to evaluate the devices safety and brain recording capabilities by using a patient undergoing epilepsy surgery at the University of Michigan. The implants compatibility with human brain tissue was confirmed when it was taken out after 20 minutes. Paradromics competes with Synchron and Neuralink to help individuals with spinal cord injuries, ALS, and strokes regain speech and communication. Subject to FDA approval, the company intends to begin clinical trials later this year to evaluate longterm performance and safety. Read More..

B2B Tech News | 14 hours ago      

Microsoft Launches Bing Video Creator, Offering Free AIPowered Video Generation

Microsofts Bing Video Creator, which uses OpenAIs Sora to generate AI videos, is available for free. Before needing Microsoft Rewards points, users ca

Microsofts Bing Video Creator, which uses OpenAIs Sora to generate AI videos, is available for free. Before needing Microsoft Rewards points, users can make fivesecond movies with text prompts for ten free generations. Through the Bing mobile app, Bing Video Creator democratises AIdriven video production, in contrast to OpenAIs premium Sora access. Currently, the tool can play 916 videos in vertical format horizontal versions will be added soon. Microsoft wants to increase AI creativity after integrating DALLE for image creation. The anticipated desktop release of Bing Video Creator will support Microsofts drive for AIpowered content production. Read More..

B2B Tech News | 14 hours ago