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GLOBAL NEWS

G20 Foreign Ministers Convene at UN, Urging Global Governance Reforms and Climate Action

G20 foreign ministers met for the first time at the UN at the HighLevel discussion of the General Assembly, focusing on sustainable development, hunge

G20 foreign ministers met for the first time at the UN at the HighLevel discussion of the General Assembly, focusing on sustainable development, hunger, poverty, and reforms to global governance. Despite vast resources, UN SecretaryGeneral António Guterres denounced the continued existence of world hunger and urged G20 countries to prioritise this issue. Additionally, he urged immediate action on climate change, stressing the need to cut back on the usage of fossil fuels and treble the capacity of renewable energy sources by 2030. South African President Cyril Ramaphosa emphasised the significance of restructuring the global financial system to address the rising disparities in society. Luiz Inacio Lula da Silva, the president of Brazil, emphasised economic inequality and argued for taxes on the ultrawealthy to reroute funds to development and climate action, thus bolstering the UNs position in international governance. Read More..

B2B Tech News | 25 days ago      

Saudi Aramco Raises $3 Billion in Islamic Bonds Amid Strong Demand

With successfully issuing twopart Islamic bonds sukuk, Saudi Aramco has raised $3 billion for its second debt market venture of the year. A robust dem

With successfully issuing twopart Islamic bonds sukuk, Saudi Aramco has raised $3 billion for its second debt market venture of the year. A robust demand that surpassed original forecasts helped the state oil company sell $1.5 billion in fiveyear sukuk at a spread of 85 basis points over U.S. Treasuries and another $1.5 billion in 10year notes at 100 basis points. This action is being taken as Aramco, now producing at a capacity of around 25% below capacity, is ready to pay $124.3 billion in dividends for 2024, up from $97.8 billion the previous year. With reduced oil prices and profit margins resulting from OPEC+ production cutbacks, the loan is intended to finance capital expenditures. Read More..

B2B Tech News | 25 days ago      

Total Linhas Aereas Aims to Be First NonAsian Airline to Order COMAC’s C919 Aircraft

Brazils Total Linhas Aereas, a cargo and charter airline, wants to buy aircraft from Chinas stateowned Commercial Aircraft Corporation of China COMAC

Brazils Total Linhas Aereas, a cargo and charter airline, wants to buy aircraft from Chinas stateowned Commercial Aircraft Corporation of China COMAC before any other firm outside of Asia. With controlling partner Paulo Almada scheduled to visit COMAC in October, the airline wants to purchase up to four C919 aircraft. Industry insiders doubt the C919s dependability and support system in Brazil, even though this possible agreement may improve BrazilChina aviation relations ahead of Chinese President Xi Jinpings official visit in November. Although the C919s do not yet have international certification, Total plans to use them for charter flights and is in talks with the China Development Bank to get funding. Read More..

B2B Tech News | 25 days ago      

Blackstone Announces £10 Billion AI Data Center Investment in Northeast England

The British Prime Ministers Office stated that U.S. private equity giant Blackstone has confirmed an investment of £10 billion $13.3 billion in an ar

The British Prime Ministers Office stated that U.S. private equity giant Blackstone has confirmed an investment of £10 billion $13.3 billion in an artificial intelligence data centre in northeast England. 1,200 of the 4,000 jobs this project will create—construction on the site will start next year. Originally planned to house an electric car battery plant before the demise of the Britishvolt venture, the data centre will be situated on a previously abandoned site in Blyth, Northumberland. A further indication of Blackstones commitment to the regions economic growth is its intention to donate £110 million to support local skill training and transit infrastructure. Read More..

B2B Tech News | 25 days ago      

SpaceX Eyes $1.5 Billion Investment in Vietnam to Boost Starlink Services

To overcome delays in the launch of its Starlink satellite services, Elon Musks SpaceX intends to invest $1.5 billion in Vietnam. After meeting SpaceX

To overcome delays in the launch of its Starlink satellite services, Elon Musks SpaceX intends to invest $1.5 billion in Vietnam. After meeting SpaceXs Tim Hughes in New York, President To Lam announced that the Vietnamese government was considering making this investment. Hughes said the total investment might be as much as $15 billion, although he did not specify the scope or timing of the project. Vietnam, a country of 100 million people, offers a sizable market for American internet providers, but dependable service delivery is hampered by antiquated infrastructure and geographical restrictions. Although legislative obstacles, such as local ownership restrictions and data storage requirements, continue to worry, the alliance hopes to improve disaster response and education Read More..

B2B Tech News | 25 days ago      

Cybersecurity Alert SloppyLemming Exploits Cloud Platforms for Credential Harvesting and Malware Delivery

Dubbed SloppyLemming also Outrider Tiger and Fishing Elephant, an advanced threat actor connected to India, has been aggressively leveraging cloud ser

Dubbed SloppyLemming also Outrider Tiger and Fishing Elephant, an advanced threat actor connected to India, has been aggressively leveraging cloud service providers for commandandcontrol activities, malware distribution, and credential harvesting. Targeting nations in South and East Asia, such as Bangladesh, Sri Lanka, and Pakistan, SloppyLemming has been operational since at least July 2021. Their strategies include sending victims to credential harvesting pages via spearphishing emails that create a sense of urgency. The organisation uses malicious RAR files to attack vulnerabilities such as CVE202338831 and collects Google OAuth tokens with a bespoke tool dubbed CloudPhish. SloppyLemming has been targeting law enforcement in Pakistan and organisations associated with the countrys nuclear plant. The group has employed rogue executables sent by posing as the Punjab Information Technology Board. Read More..

B2B Tech News | 25 days ago      

OpenAI Expands Access to Advanced Voice Mode for ChatGPT, Enhancing User Experience

Expanding access beyond the restricted set of users who received the capability in July, OpenAI has made the Advanced Voice Mode available to all Chat

Expanding access beyond the restricted set of users who received the capability in July, OpenAI has made the Advanced Voice Mode available to all ChatGPT paying customers. This mode, exclusive to Android and iOS apps, provides a humanlike, emotionally expressive voice experience with five additional voices Vale, Spruce, Arbour, Maple, and Sol. By pressing the waveform symbol, users may turn it on and personalise their replies using the custom instructions function. However, the EU, UK, and other European nations are not included in the rollout because of privacy concerns. Even though Googles Gemini Live was released sooner, OpenAI improved conversational speed, smoothness, and accents before this broader release. Read More..

B2B Tech News | 25 days ago      

Microsoft Launches Correction Feature to Tackle AI Hallucinations in Azure

Microsoft has released a new AI function, "Correction," meant to solve the situation where AI models generate false information—a.k.a. AI hallucinat

Microsoft has released a new AI function, "Correction," meant to solve the situation where AI models generate false information—a.k.a. AI hallucinations. The functionality is included in Azure AI Content Safetys groundedness detection mechanism, ensuring that AIgenerated replies correspond with certain grounding documents, especially in document summarisation and retrievalbased situations. Correction offers a reason for the modification and a request for correction when it finds an unfounded or inaccurate assertion. This functionality is aimed at enterprise clients and is accessible through Azure. Microsoft stresses that while groundedness detection helps to match verified documents with AI replies it does not fix accuracy problems entirely. The business is still investigating ways to lessen AI delusions. Read More..

B2B Tech News | 25 days ago