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Australias Reserve Bank Flags Ongoing Challenges in Financial Stability Review

In its semiannual Financial Stability Review, the Reserve Bank of Australia projects that highinterest rates and inflation will continue to be a probl

In its semiannual Financial Stability Review, the Reserve Bank of Australia projects that highinterest rates and inflation will continue to be a problem for companies and families. The RBA acknowledged the tenacity of these industries but also highlighted persistent difficulties, which are reflected in its decision to maintain stable interest rates and abandon its tightening bias. Although there were worries about family finances, there was some solace in recent statistics indicating a decline in the jobless rate. According to the RBAs scenario study, most borrowers could cope even with an interest rate hike of 50 basis points. Even if a surge in loan defaults is anticipated, Australian banks are seen to be wellprepared. The assessment also emphasised foreign risks, highlighting the interdependence of Australias financial system with the possible consequences of vulnerabilities in Chinas real estate industry and global commercial real estate markets. Read More..

B2B Tech News | 1 months ago      

Ethiopia Pursues IMF Loan as Economic Challenges Mount

To seek respite from its economic woes, Ethiopia has welcomed a staff mission from the International Monetary Fund IMF to expedite loan programme disc

To seek respite from its economic woes, Ethiopia has welcomed a staff mission from the International Monetary Fund IMF to expedite loan programme discussions. The nation seeks to address debt repayment and economic stabilisation in the face of inflation and currency shortages with a reported $3.5 billion proposal. Obstacles include continued hostilities, and debt relief negotiations with creditors have drawn out conversations despite attempts. The Paris Clubs admonition increases the urgency of stopping the debt payment suspension by the end of March if no IMF loan is obtained. China is offering Ethiopia financial relief, but Ethiopia is under pressure to settle an impending Eurobond. The IMF mission in Addis Ababa will evaluate Ethiopias economic strategy to maintain stability and resolve financial worries, most likely concentrating on sectoral liberalisation and currency depreciation. Read More..

B2B Tech News | 1 months ago      

Reddits IPO Surges to $9 Billion, But Users Express Skepticism on Future Performance

When Reddits stock market valuation soared to about $9 billion after its Wall Street debut, people on the major stock trading forums on social media b

When Reddits stock market valuation soared to about $9 billion after its Wall Street debut, people on the major stock trading forums on social media began to express scepticism about the companys share prospects. Some members on Reddits "wallstreetbets" site exhibited interest in buying put options, indicating a pessimistic opinion towards the stock despite the successful Initial Public Offering IPO. Although the firm received $748 million in its IPO, priced at the upper end of the projected range, Reddit debates have been centred on the platforms lack of profitability since its launch in 2005. Some Reddit users are still hesitant to participate in the firm, even though Reddits IPO drew retail investors and reserved shares for specific community members, such as moderators and workers. Additionally, Nasdaq plans to list options on Reddit starting Monday, allowing investors to bet against the stock. Read More..

B2B Tech News | 1 months ago      

Global Resolution on AI Passed by UN General Assembly with Unanimous Support

In a unanimous vote, the U.N. General Assembly adopted the first international resolution on AI, calling on nations to defend human rights, secure per

In a unanimous vote, the U.N. General Assembly adopted the first international resolution on AI, calling on nations to defend human rights, secure personal information, and watch for potential dangers. The nonbinding resolution, which was put out by the U.S. and has more than 120 cosponsors, including China, highlights the need to bolster privacy regulations. The resolution was praised by U.S. Ambassador to the UN Linda ThomasGreenfield as a concerted attempt to control AI instead of letting it rule us. The measure highlights threats to fundamental freedoms and human rights to address worries about the possible abuse of AI systems. The U.S. Congress will need help enacting laws similar to what Europe has accomplished in AI regulation. Despite resistance, the resolution marks a significant step towards establishing global principles for AI development and use, aiming to mitigate risks while promoting responsible innovation. Read More..

B2B Tech News | 1 months ago      

Check Point and NVIDIA Join Forces to Bolster AI Cloud Security with Check Point AI Cloud Protect

With the Check Point AI Cloud Protect solution, Check Point Software Technologies Ltd. and NVIDIA have strengthened the security of AI cloud infrastru

With the Check Point AI Cloud Protect solution, Check Point Software Technologies Ltd. and NVIDIA have strengthened the security of AI cloud infrastructure. Using NVIDIA DPUs, this partnership seeks to protect AI workloads from assaults by thwarting threats at the host and network levels. Check Points Vice President of Network Security, Gera Dorfman, highlights the necessity for strong security measures to prevent interruptions to AI systems due to the increasing sophistication of cyber attacks targeting AI deployments. Check Point protects the integrity and security of AI operations and NVIDIAs integration of network and hostlevel security insights, providing complete defence against established and new cyber threats. Yael Shenhav, VP of Networking Products at NVIDIA, underscores the importance of securing AI clouds amid their increasing prevalence. NVIDIA BlueField 3 facilitates robust cyber defence measures. Powered by NVIDIA BlueField 3 DPU and DOCA software framework, AI Cloud Pro Read More..

B2B Tech News | 1 months ago      

GitHub Launches Code Scanning Autofix in Public Beta, Integrating Copilot and CodeQL

With the integration of GitHub Copilot and CodeQL, GitHub has released a code scanning autofix for all users of GitHub Advanced Security in public bet

With the integration of GitHub Copilot and CodeQL, GitHub has released a code scanning autofix for all users of GitHub Advanced Security in public beta. This functionality provides code solutions to fix over twothirds of discovered vulnerabilities with minimum change, covering over 90% of warning kinds in JavaScript, Typescript, Java, and Python. Teams are now resolving issues seven times faster than with traditional security technologies, according to Eric Tooley, Senior Product Marketing Manager at GitHub, who emphasises the value of improving the developer experience to accelerate remediation rates. Code scanning autofix attempts to reduce the amount of "application security debt" by making vulnerability patches easier to implement while writing. This functionality, which may create ideas across several files and dependencies, uses the CodeQL engine and the GitHub Copilot APIs. Language support is planned to be expanded to include C# and Go. Read More..

B2B Tech News | 1 months ago      

Instagram Outage Hits Users in India and the United States Thousands Affected

Instagram, run by Meta Platforms, had a significant outage on Thursday, affecting users mainly in the US and India. Over 5,000 people complained about

Instagram, run by Meta Platforms, had a significant outage on Thursday, affecting users mainly in the US and India. Over 5,000 people complained about having trouble accessing the platform, according to information from Downdetector.com. The widespread reliance on social media sites like Instagram for communication and content sharing is brought to light by this outage. Users resorted to other platforms to vent their annoyance and look for updates. Nevertheless, Meta Platforms has not released an official comment about the reason for or length of the outage. Read More..

B2B Tech News | 1 months ago      

Data Breach at Air Europa Exposes Personal Information of Customers, Says British Airways Owner

The Wall Street Journal reported on Thursday that International Consolidated Airlines Group ICAG.L, the parent company of British Airways, revealed a

The Wall Street Journal reported on Thursday that International Consolidated Airlines Group ICAG.L, the parent company of British Airways, revealed a security failure that occurred in October and exposed the personal information of Air Europas customers. The data leak revealed information from identity cards or passports, customer names, phone numbers, birthdays, and nationalities. IAG said there was no proof of illicit use of the hacked data in an email sent to Air Europas customer base. IAG or Air Europa did not immediately answer Reuterss requests for comment. In October of last year, Air Europas online payment system was the target of a cyberattack that revealed specific customers credit card information. IAG and Globalia of Spain agreed last year to buy the remaining 80% of Air Europa for 400 million euros. Read More..

B2B Tech News | 1 months ago