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GLOBAL NEWS

Bank of Canada Slashes Rate to 2.5% as Tariffs Trigger 1.5% GDP Contraction

In response to the economic pressure caused by President Trumps trade battle, the Bank of Canada lowered its key lending rate to 2.5 percent. With exp

In response to the economic pressure caused by President Trumps trade battle, the Bank of Canada lowered its key lending rate to 2.5 percent. With exports falling 27% as advance U.S. orders waned, Canadas GDP declined 1.5% in the second quarter of 2025. Steel, aluminium, and auto tariffs have had a significant negative impact on tradesensitive industries, leading to job losses and poor hiring. Although some of the effects were mitigated by NAFTA exclusions, the central bank issued a warning about the inflation risks associated with reorganised supply chains. Since March, the rate has been constant at 2.75%, but officials now perceive a worldwide slowdown as a direct result of U.S. protectionism. In the face of mounting pressure on consumer prices, Canada, the first G7 country to start rate decreases last year, is maintaining moderate easing to boost growth. Read More..

B2B Tech News | 15 days ago      

Moody’s Flags Execution and Debt Risks in Oracle’s $300B AI Contracts

Oracle just inked $300 billion in AI contracts, but Moodys has identified vulnerabilities in those deals, pointing to issues with longterm profitabili

Oracle just inked $300 billion in AI contracts, but Moodys has identified vulnerabilities in those deals, pointing to issues with longterm profitability, scalability, and execution. Analysts caution that quick expansion could strain infrastructure and drive up operating costs, even though the transactions position Oracle as a prominent player in enterprise AI. Many of the contracts, which include multiyear commitments from international companies, cover cloud services, data analytics, and hosting AI models. According to Moodys, if growth goals arent reached, Oracles debt levels and integration issues could affect its credit outlook. The ratings agency noted Oracles strong market position and potential upside if deployments are successful, despite the warning. The paper emphasises the conflict between the corporate tech sectors financial sustainability and fast AI expansion. Read More..

B2B Tech News | 15 days ago      

New Zealand GDP Falls 1.2% in Q2, Raising Odds of 50bps Rate Cut

Prior to President Donald Trumps state visit, Google announced a £68 billion $85 billion investment in the UK, with an emphasis on data centres, rene

Prior to President Donald Trumps state visit, Google announced a £68 billion $85 billion investment in the UK, with an emphasis on data centres, renewable energy, and AI infrastructure. In order to power operations responsibly, the strategy calls for growing its London campus, constructing additional hyperscale data centres, and increasing the procurement of green energy. Google wants to create thousands of jobs while bolstering the UKs leadership in AI and digital economy. The investment shows faith in Britains regulatory framework and is consistent with larger U.S.UK tech cooperation. The action was hailed as a "vote of confidence" in the UKs innovation ecosystem by Prime Minister Rishi Sunak. In the face of intensifying competition from China and the EU, the declaration strengthens transatlantic tech relations. Read More..

B2B Tech News | 15 days ago      

Fed Cuts Rates to 4.00%–4.25%, Signals Cautious Shift Amid Economic Uncertainty

For the first time since December, the U.S. Federal Reserve has lowered interest rates by 25 basis points, to a range of 4.00% to 4.25%. The action co

For the first time since December, the U.S. Federal Reserve has lowered interest rates by 25 basis points, to a range of 4.00% to 4.25%. The action comes as inflationary pressures are increasing and the labour market is weakening. Fed Chair Jerome Powell highlighted the need to strike a balance between job support and inflation control, citing increased economic uncertainties. With the chances set at 96% by CME Fed Watch, the decision is in line with market expectations. Political tensions are expected as President Trump tries to fire Governor Lisa Cook and keeps putting pressure on the Fed. The Dow was up 1% as a result of the markets bullish reaction. Investors are currently awaiting word on whether additional rate cuts would occur in the face of slower GDP and cost hikes brought on by tariffs. Read More..

B2B Tech News | 15 days ago      

Powell Reaffirms Fed’s Dual Mandate, Signals Measured Rate Path Ahead

Jerome Powell, the chair of the Federal Reserve, explained how the central bank manages interest rates while juggling its two missions of promoting em

Jerome Powell, the chair of the Federal Reserve, explained how the central bank manages interest rates while juggling its two missions of promoting employment and containing inflation. Powell stressed during a speech at a finance gathering that rate changes take into account labour market conditions and longterm economic stability in addition to being a reaction to inflation. He said that although recent rate increases were required to combat persistent inflation, more calibrated actions will be taken in the future. Powell also emphasised how crucial clear communication is to preserving public confidence and preventing market volatility. His comments were seen by analysts as indicating a move towards cautious rate control, particularly in light of the current global uncertainty. In order to maintain growth without inciting recessionary pressures, the Fed is nonetheless dedicated to making datadriven decisions. Read More..

B2B Tech News | 15 days ago      

Google and PayPal Partner to Deploy Vertex AI Across Payments and Fraud Detection

In order to implement AIpowered solutions across payment, fraud detection, and customer support platforms, Google and PayPal have formed a strategic c

In order to implement AIpowered solutions across payment, fraud detection, and customer support platforms, Google and PayPal have formed a strategic cooperation. Through the integration of PayPals infrastructure with Google Clouds Vertex AI, realtime transaction monitoring and predictive analytics to fight fraud are made possible. Googles AI techniques will also be used by PayPal to improve chatbot performance and customise user experiences. The collaboration intends to enhance checkout processes throughout the Google Pay and PayPal ecosystems and expedite merchant onboarding. Both companies executives stressed how generative AI is changing the financial services industry. In a quickly changing digital payments industry, analysts interpret the move as a competitive response to Apple Pay and Stripe, indicating a deeper convergence between financial innovation and cloud computing. Read More..

B2B Tech News | 15 days ago      

Meta Launches $799 RayBan Display Glasses with BuiltIn Screen and AI Control

The $799 RayBan Display smart spectacles with an integrated screen and AIpowered features have been released by Meta. With the use of Metas Neural Ban

The $799 RayBan Display smart spectacles with an integrated screen and AIpowered features have been released by Meta. With the use of Metas Neural Band wristband for gesture control, the glasses provide handsfree photo and video taking, realtime translation, and navigation. The lens is one step closer to AR wearables since users can read notifications, maps, and messages right on it. The gadget has improved audio and camera modules and can respond to voice instructions with Meta AI. The glasses are made with both elegance and functionality in mind, combining immersive technology with everyday usefulness. Targeting consumers who desire seamless digital connection without taking out their phones, Meta markets the product as a step forward towards ambient computing. Read More..

B2B Tech News | 15 days ago      

Microsoft and Cloudflare Dismantle RaccoonO365 Phishing Network Spanning 94 Countries

The RaccoonO365 phishing network, which obtained more than 5,000 Microsoft 365 credentials in 94 countries, has been taken down by Microsoft and Cloud

The RaccoonO365 phishing network, which obtained more than 5,000 Microsoft 365 credentials in 94 countries, has been taken down by Microsoft and Cloudflare. With CAPTCHA screens and antibot features, the gang, identified as Storm2246, offered phishing kits that imitated Microsoft emails and login pages. With only cryptocurrencies accepted as payment, the kits brought in at least $100,000 after being promoted on Telegram. Cloudflare banned access and disabled related Worker accounts, while Microsoft obtained a court order to seize 338 fraudulent sites. Joshua Ogundipe, the leader of the operation, was located in Nigeria. Both businesses referred to the shutdown as a planned move towards widespread phishingasaservice platform disruption in an effort to increase operating expenses and discourage further cybercrime. Read More..

B2B Tech News | 15 days ago