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GLOBAL NEWS

Corporate Bond Alert Morgan Stanley Highlights Risks in Maturing Junk Bonds

Morgan Stanley advises corporate bond investors to concentrate on premium investmentgrade and highyield bonds due to a wave of maturities that present

Morgan Stanley advises corporate bond investors to concentrate on premium investmentgrade and highyield bonds due to a wave of maturities that presents problems for more junkrated corporations. Although most of the bad bonds that were scheduled to mature in 2023 did so, Morgan Stanley reports that another $73 billion will mature in the following 18 months, which will rise to $125 billion over the next six months. According to the bank, Higherquality trash bonds that mature next year will probably need to refinance at interest rates that are 125–250 basis points higher than they are now. For issuers of junk bonds of inferior quality, the situation is more complicated, and downgrades are anticipated. Read More..

B2B Tech News | 15 days ago      

CostCutting Overhaul Appens Bold Moves Amid Leadership Shakeup

The Australian AI company Appen is considering selling all or a portion of its company. The firm is willing to communicate with possible counterpartie

The Australian AI company Appen is considering selling all or a portion of its company. The firm is willing to communicate with possible counterparties even if it has yet to receive any bids. Previously among the biggest AI training providers in the world, Appen has reduced costs by implementing costcutting measures and has experienced a whole change in its management team within the past two years. To increase its operating capital, the firm announced an equity offering of A$30 million $19.52 million. It also disclosed a further $14 million in cost savings, increasing its total costsaving efforts for the year to $60 million. For the ten months ended October 31, 2023, Appens gross profit and sales decreased by nearly 29% and 32%, respectively. Read More..

B2B Tech News | 16 days ago      

Kraken vs. SEC Legal Battle Unleashed Over Crypto Exchange

One of the biggest cryptocurrency exchanges in the world, Kraken, is being sued by the U.S. Securities and Exchange Commission SEC for allegedly opera

One of the biggest cryptocurrency exchanges in the world, Kraken, is being sued by the U.S. Securities and Exchange Commission SEC for allegedly operating as a securities exchange without registering with the agency. According to the lawsuit, Kraken, doing business as Payward Inc. and Payward Ventures Inc., has allegedly broken securities laws for hundreds of millions of dollars throughout 2018. Kraken is accused by the SEC of having inadequate internal controls, including mixing its funds with those of its clients, and of turning a "blind eye" to investor protection. Kraken plans to refute the SECs understanding of digital assets to defend itself and contend that Congress should have the last say on bitcoin exchange regulations. Read More..

B2B Tech News | 16 days ago      

Keysight Technologies Surpasses Q4 Profit Expectations with 4% Revenue Boost

Electronic design and test device maker Keysight Technologies exceeded market expectations for its fourthquarter profit. The companys sales increased

Electronic design and test device maker Keysight Technologies exceeded market expectations for its fourthquarter profit. The companys sales increased by 4% in aerospace, defence, and government, thanks to investments in radar, electromagnetic spectrum operations, space and satellite, and defence technology modernization. For the quarter ending in October, adjusted profits per share were $1.99, above analysts projections of $1.87 per share. Nonetheless, Keysight predicted that its adjusted earnings for the first quarter of 2024 would be between $1.53 and $1.59 per share, less than the projected $1.68 per share. Read More..

B2B Tech News | 16 days ago      

Mustang Panda ChinaLinked Cyber Group Behind Cyber Attack on Philippines Government

Mustang Panda, a cyber espionage group linked to China, has been identified in a cyberattack against a government agency in the Philippines. In August

Mustang Panda, a cyber espionage group linked to China, has been identified in a cyberattack against a government agency in the Philippines. In August 2023, spearphishing emails were used to distribute a malicious ZIP archive file that included a rogue DynamicLink Library DLL using a method known as DLL sideloading. The threat actor sideloaded harmful files using genuine programs like Solid PDF Creator and SmadavProtect, an antivirus program with Indonesian roots. It pretended to be authentic Microsoft traffic to establish command and control links. Mustang Panda has a track record of conducting international cyber espionage against groups that support geopolitical issues that the Chinese government finds attractive. Read More..

B2B Tech News | 16 days ago      

Transportation Secretary Pledges to Watch Over Autonomous Vehicles, Focus on “Cruise”

The federal government would ensure the safe deployment of autonomous cars using its current regulatory powers, according to U.S. Transportation Secre

The federal government would ensure the safe deployment of autonomous cars using its current regulatory powers, according to U.S. Transportation Secretary Pete Buttigieg, who emphasised the importance of General Motors robotaxi company “Cruise”. The remarks follow the resignation of Cruise CEO Kyle Vogt in the wake of a safety assessment of the companys U.S. fleet. Currently, the National Highway Traffic Safety Administration NHTSA is looking into whether Cruise is taking the necessary safety measures to protect pedestrians. Regulators, labour organisations, and the general public watch the autonomous car sector closely as its members attempt to build credibility and address safety issues. Read More..

B2B Tech News | 16 days ago      

Senate Summons CEOs of Discord, Snap, and X for Child Safety Hearing

Subpoenas to testify at a hearing on online child sexual abuse by the U.S. Senate Judiciary Committee on December 6 have been sent to the CEOs of Disc

Subpoenas to testify at a hearing on online child sexual abuse by the U.S. Senate Judiciary Committee on December 6 have been sent to the CEOs of Discord, Snap, and X previously Twitter. The committee had to ask the U.S. Marshals Service for help serving the subpoenas because Discord and X refused to comply, even though Mark Zuckerberg of Meta and Shou Zi Chew of TikTok are anticipated to testify willingly at a later session. In addition to pressing CEOs on their firms efforts to protect children, the committee seeks to address concerns about child safety online. Read More..

B2B Tech News | 16 days ago      

Global Governments Tackle AI Regulation Amid Rapid Technological Advances

The fast growth of AI technology makes government regulation of artificial intelligence AI more difficult. Governments throughout the world are strugg

The fast growth of AI technology makes government regulation of artificial intelligence AI more difficult. Governments throughout the world are struggling with this issue. Numerous nations and areas are addressing the issues raised by AI by developing rules and looking into potential violations. Among the organisations actively interested in forming AI governance are Australia, the United Kingdom, China, the European Union, France, Italy, Japan, Poland, Spain, the United Nations, and the United States. President Joe Biden signed an executive order mandating creators of AI systems with potential dangers to share safety test findings with the government, and the United States plans to establish an AI safety institute. Read More..

B2B Tech News | 16 days ago