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GLOBAL NEWS

Sweden Deepens Trade Ties with India, Spotlighting Green Tech and AI

The "Time for Sweden" event in New Delhi highlighted Swedens increased trade and innovation collaboration with India. In India, more than 280 Swedish

The "Time for Sweden" event in New Delhi highlighted Swedens increased trade and innovation collaboration with India. In India, more than 280 Swedish businesses employ 220,000 people directly and 2.2 million indirectly. They are also making increasing investments in manufacturing, digitalisation, and green technology. In Sweden, where FDI from India has increased 191% in just five years, Indian companies such as TCS and Bharat Forge are also growing. Green hydrogen, artificial intelligence, space technology, life sciences, and 5G/6G are important areas of collaboration. With tech companies like Spotify and Storytel joining traditional companies like SKF and Volvo, Western India continues to be a centre for Swedish business. Shared objectives in sustainability, innovation, and longterm economic benefit are reflected in the relationship. Read More..

B2B Tech News | 3 months ago      

Trump Urges EU to Impose 100% Tariffs on China, India Over Russian Oil Ties

In an effort to put pressure on Russia to halt its war in Ukraine, U.S. President Donald Trump has called for the European Union to slap 100% tariffs

In an effort to put pressure on Russia to halt its war in Ukraine, U.S. President Donald Trump has called for the European Union to slap 100% tariffs on China and India. In a virtual meeting with U.S. and EU officials, Trump made the idea and said that the U.S. would only take action if Europe joined. The action targets the ongoing imports of Russian oil by China and India. Citing similar concerns, Trump increased duties on Indian goods to 50% last month. Trump called Indian Prime Minister Narendra Modi a "very good friend" and voiced confidence about trade negotiations with him despite the concerns. Modi gave a positive response, highlighting the possibilities of the alliance between the United States and India. In the midst of geopolitical unrest, the plan adds another level of friction to global trade. Read More..

B2B Tech News | 3 months ago      

Alibaba to Raise $3.2B via Convertible Bonds to Fuel Cloud and AI Growth

Alibaba intends to use a convertible bond issue to generate $3.2 billion in order to boost its cloud computing business. The action is in line with Al

Alibaba intends to use a convertible bond issue to generate $3.2 billion in order to boost its cloud computing business. The action is in line with Alibabas strategic shift into corporate services and AI infrastructure in the face of growing competition from Tencent and Huawei. The money raised will go towards expanding data centres, developing new products, and breaking into international markets. The bonds, which are due in 2030, are attractive to longterm investors because they have low interest rates and the possibility of equity conversion. With the growing demand for generative AI and hybrid cloud solutions, analysts see the offering as a statement of trust in Alibaba Clouds profitability and scalability. The fundraising also aids Alibaba in diversifying its sources of funding while preserving its adaptability in a tech environment that is characterised by shifting regulations and unpredictability in the global economy. Read More..

B2B Tech News | 3 months ago      

Perplexity Valued at $20B After Latest Funding Round, Eyes Enterprise Expansion

The Information reports that Perplexity has completed a fundraising round, valuing the AI business at $20 billion. Perplexity, a competitor to establi

The Information reports that Perplexity has completed a fundraising round, valuing the AI business at $20 billion. Perplexity, a competitor to established search platforms, has quickly acquired popularity thanks to its conversational search engine. With the additional funding, the business intends to improve its AI capabilities, such as multimodal search and realtime data integration, and broaden its enterprise solutions. Investors are placing bets on Perplexitys ability to upend the search industry with generative AIpowered, quicker, and more understandable results. In the face of escalating competition from IT giants, the price underscores the growing hunger of investors for AInative platforms. Perplexity has a strategic advantage in the changing information ecosystem, according to analysts, because of its emphasis on openness and citationbased responses. Read More..

B2B Tech News | 3 months ago      

Brazil’s Central Bank Expands Dollar Auction to $3B Amid Market Volatility

Brazil’s central bank will increase its Friday auction by $1 billion through a repurchase agreement, aiming to manage shortterm liquidity amid volat

Brazil’s central bank will increase its Friday auction by $1 billion through a repurchase agreement, aiming to manage shortterm liquidity amid volatile market conditions. The move brings the total auction value to $3 billion, reflecting heightened demand for dollar liquidity and tighter monetary dynamics. Analysts suggest the decision is linked to recent currency fluctuations and investor caution ahead of key inflation data. The repurchase deal allows the central bank to inject funds temporarily while maintaining control over interest rates. Brazil has used similar tools in past episodes of market stress, balancing inflation control with financial stability. The auction is part of broader efforts to stabilize the real and ensure adequate liquidity in the banking system during uncertain global conditions. Read More..

B2B Tech News | 3 months ago      

Microsoft Taps Anthropic’s Claude for Office 365, Easing OpenAI Dependence

Microsoft plans to move away from its sole reliance on OpenAI by incorporating Anthropics AI models into Office 365 programs. In tasks like creating P

Microsoft plans to move away from its sole reliance on OpenAI by incorporating Anthropics AI models into Office 365 programs. In tasks like creating PowerPoint presentations and automating Excel operations, developers discovered that Anthropics Claude Sonnet 4 performed better than OpenAIs GPT5. While Microsoft continues to build its own models and integrate DeepSeek into Azure, the move combines Anthropic and OpenAI technology across Word, Excel, Outlook, and PowerPoint. Its interesting to note that Amazon Web Services, an Anthropic stakeholder, will pay Microsoft to have access to these models. Microsoft is expanding its AI portfolio to satisfy growing demand, even though it has already invested more than $13 billion in OpenAI. Office AI tool prices will not change, and a formal announcement is anticipated shortly. Read More..

B2B Tech News | 3 months ago      

Hackers Exploit iCloud Calendar to Deliver Phishing Scams via Apple Servers

Hackers are circumventing SPF, DKIM, and DMARC checks by using iCloud Calendar invites to spread phishing scams through Apples trusted servers. The ex

Hackers are circumventing SPF, DKIM, and DMARC checks by using iCloud Calendar invites to spread phishing scams through Apples trusted servers. The exploit prompts users to phone a support number by inserting fictitious refund messages inside calendar invites Notes area. Once connected, scammers coerce victims into installing remote access software, which makes system takeover and data theft possible. The emails sent via Apples own infrastructure lend legitimacy to the hoax, making it more difficult to identify. Microsofts Sender Rewriting Scheme forwards invitations to group lists, increasing reach even more. Apple hasnt spoken out about the problem. To keep safe, users are urged to remove dubious invitations, refrain from phoning numbers on the list, and use robust antivirus and ransomware protection. Read More..

B2B Tech News | 3 months ago      

Spotify Faces Backlash as Users Sell Streaming Data to Build AI Tools

After more than 10,000 customers sold their streaming data to create AI tools through a collective called *Unwrapped*, housed on the decentralised pla

After more than 10,000 customers sold their streaming data to create AI tools through a collective called *Unwrapped*, housed on the decentralised platform Vana, Spotify is receiving criticism. Each user received roughly $5 in cryptocurrency when the organisation sold Solo AI its artist preference data for $55,000. Spotify warns Unwrapped against utilising its platform for machine learning, claiming that this is against its developer terms and trademark. However, Unwrapped developers contend that users are using international privacy rules to exercise their right to manage and profit from personal data. The Electronic Frontier Foundation advises against commodifying privacy but supports user data ownership. Spotify allegedly hindered Unwrappeds growth by making data access difficult. Tensions between platform control and userdriven data autonomy are highlighted by the dispute. Read More..

B2B Tech News | 3 months ago