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From Recession Exit to Rate Pause RBNZ Charts Cautious Path Forward

Reuters polled 27 analysts and found that the Reserve Bank of New Zealand RBNZ would maintain its benchmark cash rate at 3.25% on July 9. Eight big ba

Reuters polled 27 analysts and found that the Reserve Bank of New Zealand RBNZ would maintain its benchmark cash rate at 3.25% on July 9. Eight big banks, including ANZ, ASB, and Westpac, predict a 25 basis point drop, while the majority predict no change. As the economy grew by 0.8% in Q1, the RBNZ has already lowered interest rates by 225 basis points since August. Inside the RBNZs 1–3% target range, inflation slowed to 2.5 percent, but uncertainty still exists. If future inflation data is available, a further 25 basis point decrease is anticipated by September, most likely at the August meeting. It is anticipated that inflation will average 2.5% in 2025, with a median yearend rate prediction of 3.00%. Read More..

B2B Tech News | 3 months ago      

Trump’s ‘One Big Beautiful Bill’ Passes House 218–214, Heads to July 4 Signing

By a slim vote of 218–214, the U.S. House enacted President Trump’s expansive tax and spending plan, known as the “One Big Beautiful Bill." The

By a slim vote of 218–214, the U.S. House enacted President Trump’s expansive tax and spending plan, known as the “One Big Beautiful Bill." The plan increases military and immigration enforcement money, offers new deductions for seniors, overtime, and tips, and makes the 2017 tax cuts permanent. Moreover, it severely reduces Medicaid, SNAP, and clean energy subsidies, which Democrats strongly object to. According to the Congressional Budget Office, it will increase the national debt by $3.4 trillion over the course of the following ten years. Trumps aggressive lobbying helped ensure passage despite internal GOP differences. He will sign the law on July 4 and will portray it as a key component of his secondterm plan and an engine of economic expansion. Read More..

B2B Tech News | 3 months ago      

Bank of Thailand Holds at 1.75% as Roong Flags “Marked Slowdown” Ahead

In light of the growing challenges facing the economy in the second half of 2025, Thailands central bank has underlined the necessity of flexible mone

In light of the growing challenges facing the economy in the second half of 2025, Thailands central bank has underlined the necessity of flexible monetary policy. The Bank of Thailands frontrunner for deputy governor, Roong Mallikamas, pointed to sluggish consumption, high household debt, and possible U.S. tariffs as threats. The bank maintained policy room by keeping its benchmark rate at 1.75% in spite of previous rate reduction. There will be a "marked slowdown" in activity, Roong said, and she would be in favour of more easing if things become worse. Despite Roong downplaying its immediate impact, political uncertainty following the prime ministers suspension adds to the instability. On August 13, policymakers will conduct their next policy review, keeping a careful eye on external shocks, credit quality, and inflation. Read More..

B2B Tech News | 3 months ago      

Sakana AI Unveils ABMCTS to Let Multiple AI Models Solve Problems Together

Multiple AI models can work together on challenging tasks according to an opensource approach called ABMCTS Adaptive Branching Monte Carlo Tree Search

Multiple AI models can work together on challenging tasks according to an opensource approach called ABMCTS Adaptive Branching Monte Carlo Tree Search by Sakana AI. In contrast to conventional inference techniques, ABMCTS makes a dynamic decision on whether to think more deeply, investigate a larger range, or choose the model that best fits a particular problem. Several models, such as DeepSeekR1, o4mini, and Gemini 2.5 Pro, can be deployed to cooperate if necessary. Combining the advantages of each model while reducing their particular biases improves performance. When tested on the ARCAGI2 benchmark, the systems success rate increased from 23% to 27.5%, outperforming standalone models. TreeQuest is an opensource framework developed by Sakana AI with the goal of enhancing collective intelligence in AI systems. Read More..

B2B Tech News | 3 months ago      

Google Patches Chrome ZeroDay CVE20256554 Exploited in the Wild

Google has patched a critical zeroday vulnerability in Chrome—CVE20256554—that allowed remote code execution through malicious HTML pages. Discove

Google has patched a critical zeroday vulnerability in Chrome—CVE20256554—that allowed remote code execution through malicious HTML pages. Discovered by Google’s Threat Analysis Group on June 25, the flaw stemmed from a type confusion bug in the V8 JavaScript engine and was already exploited “in the wild.” Attackers could potentially use it to steal data, install malware, or control a victim’s device just by luring them to a compromised site. The patch is part of Chrome version 138.0.7204.96/.97 for Windows, .92/.93 for macOS, and .92 for Linux. Android and iOS appear unaffected. Users are urged to update immediately by visiting Settings > Help > About Chrome, reinforcing Chromes commitment to timely threat mitigation. Read More..

B2B Tech News | 3 months ago      

SK Telecom Fined After Cyberattack Exposes 26.96M User Records

SK Telecom has been ordered by South Korea to improve its data security following a cyberattack that revealed 26.96 million customer records. 23 milli

SK Telecom has been ordered by South Korea to improve its data security following a cyberattack that revealed 26.96 million customer records. 23 million consumers of the nations biggest mobile carrier were concerned by the malwarecaused hack in April. In response, the Ministry of Science and ICT fined ₩30 million $21,970 and ordered more cybersecurity investment and manpower, CEOled data governance, and quarterly security audits. With over 2,600 locations, SK Telecom is providing free USIM replacements 9.39 million customers have already done so. The incident was dubbed a "wakeup call" for the nations telecom infrastructure by officials. SK Group Chairman Chey Taewon expressed regret and promised to take full responsibility and strengthen security. Read More..

B2B Tech News | 3 months ago      

C&M Software Resumes Operations After Cyberattack Hits 6+ Brazilian Banks

After more than two dozen financial institutions services were interrupted by a hack, Brazilian tech company C&M Software has reopened. After learning

After more than two dozen financial institutions services were interrupted by a hack, Brazilian tech company C&M Software has reopened. After learning of the July 2 attack, which entailed the fraudulent use of customer credentials to gain access to systems, Brazils central bank temporarily suspended access to C&Ms infrastructure. All security protocols were engaged and core systems remained intact, according to the company, which helps institutions without direct connectivity. Reserve accounts used for interbank settlements were accessed without authorisation by six banks, including BMP nonetheless, no client money or internal balances were impacted. While investigations are ongoing, C&M is assisting authorities, including São Paulo police. Rising cybersecurity concerns in Brazils quickly digitising financial industry are highlighted by the event. Read More..

B2B Tech News | 3 months ago      

U.S. Lifts Chip Software Ban as Cadence, Synopsys Restore Access in China

With the lifting of export restrictions on chip design software to China, Cadence Design Systems has started to give its impacted Chinese clients acce

With the lifting of export restrictions on chip design software to China, Cadence Design Systems has started to give its impacted Chinese clients access again. Confirmed by Cadence, Synopsys, and Siemens, the rollback is part of a larger U.S.China trade deal that also involves Chinas restarted exports of rare earth elements. When the limits were put in place in May 2025, sales of electronic design automation EDA tools—which are essential for the production of semiconductors—were stopped. Shares of Cadence and Synopsys have increased by more than 5%, indicating a thaw in tech tensions. The three companies own more than 80% of Chinas EDA sector, and the move is anticipated to reduce supply chain interruptions while preserving American oversight of technologies that could be used in military or artificial intelligence applications. Read More..

B2B Tech News | 3 months ago