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GLOBAL NEWS

IndiaUK FTA Sealed Over Ice Cream, Set to Double Trade to $120 Billion by 2030

During a casual stroll in Londons Hyde Park on May 2, 2025, India and the UK finalised their longawaited Free Trade Agreement FTA. UK Secretary Jonath

During a casual stroll in Londons Hyde Park on May 2, 2025, India and the UK finalised their longawaited Free Trade Agreement FTA. UK Secretary Jonathan Reynolds also gave Indian Commerce Minister Piyush Goyal a chocolate ice cream. Goyal described the accord as a “balanced agreement” that will quadruple bilateral trade to $120 billion by 2030 when he shared the story during the India Global Forum’s UKIndia Week. The Double Contribution Convention DCC, which was included in the FTA and finalised on May 6, exempts temporary employees from paying duplicate social security levies. Goyal compared the FTA to a "good marriage," highlighting its longterm advantages for bilateral commerce, investment, and joint ventures. Read More..

B2B Tech News | 18 days ago      

EIB Launches €70 Billion Tech EU Program to Boost European Innovation

As part of its new Tech EU initiative, the European Investment Bank EIB will invest €70 billion between 2025 and 2027 to support Europes technology

As part of its new Tech EU initiative, the European Investment Bank EIB will invest €70 billion between 2025 and 2027 to support Europes technology sector. It will be divided into €20 billion for equity and quasiequity, €40 billion for loans, and €10 billion for guarantees, with the goal of securing an extra €250 billion in private investment. Targeting crucial sectors like as AI, digital infrastructure, robots, green tech, supercomputing, and advanced materials, the effort helps Europe compete with China and the U.S. in clean and digital innovation. The European Commissions efforts to assist highrisk businesses from proof of concept to IPO are complemented by it. Read More..

B2B Tech News | 18 days ago      

SoftBank’s Masayoshi Son Pitches $1 Trillion AI Hub in Arizona to Rival Shenzhen

SoftBank CEO Masayoshi Son is allegedly proposing "Project Crystal Land," a $1 trillion AI industrial hub in the United States, to construct AIpowered

SoftBank CEO Masayoshi Son is allegedly proposing "Project Crystal Land," a $1 trillion AI industrial hub in the United States, to construct AIpowered infrastructure and robotics. The planned facility would be situated in Arizona and is meant to compete with Shenzhen, China, as a major hub for global technology manufacturing. Along with pursuing tax advantages with U.S. authorities like Commerce Secretary Howard Lutnick, Son is looking to collaborate with TSMC, the Trump administration, and other tech behemoths like Samsung. Sons larger AI goals are in line with the strategy, which includes the $500 billion Stargate project with OpenAI and Oracle. Should this come to pass, it would rank among the biggest industrial investments in American history. Read More..

B2B Tech News | 18 days ago      

Amazon to Invest $233 Million in India to Boost Fulfillment and Delivery Network

In order to develop new fulfilment technologies, improve delivery safety, and grow and update its operational infrastructure, Amazon plans to invest $

In order to develop new fulfilment technologies, improve delivery safety, and grow and update its operational infrastructure, Amazon plans to invest $233 million ₹2,000 crore in India by 2025. By supporting the opening of new locations and the renovation of current ones, the investment will increase processing capacity and delivery speed nationwide. Additionally, it represents Amazons increased foray into the fastpaced market, where it is increasingly up against rivals like Zepto, Blinkit, and Swiggy. Initiatives like Ashray rest areas, Samridhi financial literacy, and Sushruta healthcare for drivers will also be funded in order to enhance the health and financial security of staff members. Amazons overarching objective of investing $26 billion in India by 2030 is in line with this action. Read More..

B2B Tech News | 18 days ago      

China Accelerates Digital Yuan Push to Challenge Dollar Dominance

In order to transform the global monetary system into a multipolar currency order, Chinas central bank is stepping up its efforts to promote the digit

In order to transform the global monetary system into a multipolar currency order, Chinas central bank is stepping up its efforts to promote the digital yuan, or eCNY. To lessen the worlds dependency on the US dollar, Governor Pan Gongsheng announced the establishment of a worldwide operations centre for eCNY at the Lujiazui Forum in Shanghai. He promoted the coexistence and rivalry of sovereign currencies, arguing that an excessive reliance on a single currency raises systemic dangers. Expanding the CrossBorder Interbank Payment System CIPS and promoting the use of yuanbased settlements by international banks such as Standard Bank and First Abu Dhabi Bank are two aspects of Chinas approach. The drive is in line with more general geopolitical changes and growing interest in digital currencies as substitutes for established, dollardominated institutions. Read More..

B2B Tech News | 18 days ago      

Apple Eyes Generative AI to Accelerate Custom Silicon Chip Design

According to Senior VP of Hardware Technologies Johny Srouji, Apple is using generative AI to speed up the design of its own silicon processors. AIpow

According to Senior VP of Hardware Technologies Johny Srouji, Apple is using generative AI to speed up the design of its own silicon processors. AIpowered tools, particularly from electronic design automation EDA companies like Cadence Design Systems and Synopsys, could greatly increase productivity by cutting down on chip design time, Srouji stressed in a recent address in Belgium. In order to manage Apples chip complexity, he referred to EDA businesses as "super critical" and emphasised how AI could improve operations. Srouji remarked that Apple made the daring decision to switch from Intel to Apple Silicon in 2020 without any contingency plans, demonstrating the companys dedication to innovation. Read More..

B2B Tech News | 18 days ago      

Hackers Burn $90M in Crypto in Attack on Iran’s Nobitex Exchange

On June 18, a significant cyberattack occurred at Nobitex, Irans biggest cryptocurrency exchange, resulting in the destruction of digital assets worth

On June 18, a significant cyberattack occurred at Nobitex, Irans biggest cryptocurrency exchange, resulting in the destruction of digital assets worth about $90 million. As a political protest against Irans Revolutionary Guard Corps, the group Gonjeshke Darande Predatory Sparrow, suspected of having ties to Israel, claimed responsibility for the incident, claiming the money was sent to wallets that were unreachable and purposefully torched. Along with releasing Nobitexs source code, the attackers claimed that the platform helped evade sanctions and provided cash to organisations like the Houthis and Hamas. Noting "unauthorised access," Nobitex shut down its systems. This is the groups second strike in two days after Bank Sepah was breached. Rising geopolitical tensions in cyberspace and the susceptibility of digital banking systems in war areas are highlighted by the occurrence. Read More..

B2B Tech News | 18 days ago      

TCS Confirms No Breach in M&S Cyberattack, Assures Client Systems Remain Secure

The recent hack on British store Marks & Spencer M&S, a customer for more than ten years, did not impact any of TCSs systems or users, the company has

The recent hack on British store Marks & Spencer M&S, a customer for more than ten years, did not impact any of TCSs systems or users, the company has confirmed. The statement, which was given at TCSs annual shareholder meeting, made it clear that no other TCS clients were impacted and that TCS is not included in the scope of M&Ss investigation. The extremely sophisticated breach is projected to cost M&S over £300 million in lost operating profit, and online interruptions are predicted to last until July 2025, even though TCS is conducting an internal examination of the event. In 2023, TCS had already won a $1 billion deal to update M&Ss digital infrastructure and supply chain. Read More..

B2B Tech News | 18 days ago