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UBS Confirms Data Breach After Cyberattack on Supplier Chain IQ

After a cyberattack on an external supplier, Chain IQ, which also affected 19 other businesses, Swiss bank UBS has revealed a data loss. The hacked fi

After a cyberattack on an external supplier, Chain IQ, which also affected 19 other businesses, Swiss bank UBS has revealed a data loss. The hacked files, which are already making the rounds on the darknet, allegedly contain private information about tens of thousands of UBS workers, including residences and internal contact details, even though no client data was compromised. The hacking collective World Leaks is believed to have carried out the attack. According to UBS, it acted quickly to reduce operational risks. Only supplierrelated invoice data was made public however, the Swiss private bank Pictet was also impacted. The event brings to light the banking industrys rising concerns regarding thirdparty cybersecurity vulnerabilities. Read More..

B2B Tech News | 18 days ago      

Jensen Huang Declares “Human” the New Programming Language at London Tech Week

Jensen Huang, the CEO of Nvidia, said the new programming language is just "human" during London Tech Week 2025. He stressed that as AI advances, peop

Jensen Huang, the CEO of Nvidia, said the new programming language is just "human" during London Tech Week 2025. He stressed that as AI advances, people wont need to learn complicated languages like Python or C++. Instead, just like they would teach a human, they can now "program" AI using natural language. Huang referred to AI as a "great equaliser", allowing anyone to produce code, pictures, or poetry with a simple, courteous request. "You are an incredible poet, steeped in Shakespeare," he said as an example of this. Write a poem on the keynote today, please. He said the AI would not just react to feedback but also make improvements. Those who adopt AI will influence the future, not those who oppose it, according to his message. Read More..

B2B Tech News | 18 days ago      

Japan’s JERA Secures 5.5 MTPA of U.S. LNG in 20Year Supply Agreements

Under 20year contracts, Japans largest power generator, JERA, has committed to buying 5.5 million metric tonnes per annum MTPA of U.S. liquefied natur

Under 20year contracts, Japans largest power generator, JERA, has committed to buying 5.5 million metric tonnes per annum MTPA of U.S. liquefied natural gas LNG, with delivery beginning in 2030. By diversifying its global portfolio, JERA hopes to lessen its need for Australian LNG while ensuring a flexible and affordable supply. The agreements, which guarantee Japans longterm energy security, include agreements with Sempra Infrastructure, Cheniere Marketing, Commonwealth LNG, and NextDecade. LNG is essential for Japans expanding power consumption, especially given the growth of data centres and the high cost of hydrogen and ammonia alternatives, stressed Yukio Kani, Global CEO of JERA. Read More..

B2B Tech News | 18 days ago      

UK Economy Shrinks by 0.3% in April as Services and Production Decline

After growing by 0.2% in March 2025, the UK GDP shrank by 0.3% in April 2025, according to the Office for National Statistics ONS. While construction

After growing by 0.2% in March 2025, the UK GDP shrank by 0.3% in April 2025, according to the Office for National Statistics ONS. While construction expanded by 0.9%, the dip was mostly caused by a 0.4% drop in services output and a 0.6% drop in manufacturing. Citing U.S. tariffs as a possible drag on British output, the Bank of England lowered its 2026 growth prediction to 1.25%. The increase of the services sector helped the GDP grow by 0.7% in the three months leading up to April, despite the monthly decrease. Read More..

B2B Tech News | 18 days ago      

India and EU Finalize Five Key Chapters in Free Trade Agreement Negotiations

Five chapters of the free trade agreement FTA negotiations between India and the EU have been completed. These chapters address intellectual property,

Five chapters of the free trade agreement FTA negotiations between India and the EU have been completed. These chapters address intellectual property, trade facilitation and customs, transparency, good regulatory practices, and mutual administrative assistance. During the May 12–16 talks in New Delhi, the EU suggested online applications and the accreditation of EU Conformity Assessment Bodies as ways to streamline certification procedures under Indias Quality Control Orders QCOs. Both parties hope to finalise the FTA by the end of 2025, and the 12th round of negotiations is set for July in Brussels. Read More..

B2B Tech News | 18 days ago      

Paytm Shares Drop 10% as Finance Ministry Rejects UPI Transaction Fee Rumors

After Indias Finance Ministry rejected allegations that UPI transaction fees would be introduced, claiming they were unfounded and untrue, Paytms stoc

After Indias Finance Ministry rejected allegations that UPI transaction fees would be introduced, claiming they were unfounded and untrue, Paytms stock fell 10%. Though the government reiterated its commitment to zero MDR Merchant Discount Rate for UPI payments, the conjecture had stoked expectations of greater payment margins. Analysts caution that Paytms adjusted core profitability may drop by more than 10% in FY26 and FY27 in the absence of MDR or further government incentives. Citing high operating costs, the Payments Council of India had earlier urged the government to reevaluate MDR for major merchants. Read More..

B2B Tech News | 18 days ago      

ECB Cuts Interest Rates to 2% as Inflation Falls Below Target

After a peak of 4% in 2023–2024, the European Central Bank ECB lowered its benchmark deposit rate to 2% for the seventh time. Amid a declining Euroz

After a peak of 4% in 2023–2024, the European Central Bank ECB lowered its benchmark deposit rate to 2% for the seventh time. Amid a declining Eurozone economy and trade concerns with the United States, the move attempts to boost consumers and businesses. ECB President Christine Lagarde stressed that there is still an opportunity for additional easing because inflation has dropped to 1.9%, which is below the 2% target. Inflation is expected to return to 2% by 2027, although the ECB also lowered its 2026 inflation projection to 1.6%. Because of the uncertainties surrounding U.S. trade policies, the ECB is still cautious, even if analysts expect more rate reductions. Read More..

B2B Tech News | 18 days ago      

Microsoft’s June 2025 Patch Tuesday Fixes 67 Security Flaws, Including Two ZeroDays

The June 2025 Patch Tuesday release from Microsoft fixes 67 security vulnerabilities, including two zeroday vulnerabilities. Prior to the patch, one o

The June 2025 Patch Tuesday release from Microsoft fixes 67 security vulnerabilities, including two zeroday vulnerabilities. Prior to the patch, one of these vulnerabilities was actively exploited. By deceiving users into clicking on a malicious URL, the most serious vulnerability, CVE202533053, impacts Web Distributed Authoring and Versioning WebDAV and enables attackers to execute remote malware. The second zeroday, CVE202533073, affects the Windows SMB client and gives hackers access to susceptible machines system rights. Additionally, Microsoft patched 11 serious vulnerabilities, including those related to remote code execution. The company fixed Microsoft Edge security flaws earlier this month, including a Google Chrome zeroday vulnerability. Read More..

B2B Tech News | 18 days ago