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IndiaMiddle EastEurope Economic Corridor Takes Center Stage at I2U2 Discussion

The revolutionary quadrilateral cooperation between India, Israel, the United States, and the United Arab Emirates, known as the I2U2 Group, was recen

The revolutionary quadrilateral cooperation between India, Israel, the United States, and the United Arab Emirates, known as the I2U2 Group, was recently highlighted for its disruptive potential. The CUTS Internationalorganized virtual gathering, titled "I2U2 Towards a Transformative Quadrilateral Partnership," brought together eminent professionals to discuss how collaboration could change global cooperation and economic integration. CUTS Secretary General Pradeep S. Mehta highlighted the partnerships emphasis on practical economic cooperation instead of past disputes. Speakers emphasized the IndiaMiddle EastEurope Economic Corridors IMEEC strategic significance in improving connectivity and its consequences for regional stability and international trade. The session also covered several possible collaboration areas, including food security, healthcare, and technology, highlighting the importance of the I2U2 in a shifting geopolitical environment. Read More..

B2B Tech News | 1 months ago      

Singapore’s November Inflation Falls Short of Expectations as Prices Rise by 1.9% YearonYear

In November, Singapores primary consumer price indicator increased 1.9% yearly, less than experts had predicted and the weakest increase in almost thr

In November, Singapores primary consumer price indicator increased 1.9% yearly, less than experts had predicted and the weakest increase in almost three years. Similar to the previous months growth, the core inflation rate—which does not include the prices of private road transport and lodging—was lower than the expected 2.1%. Since November 2021, this is the lowest rise. Headline inflation was 1.6%, less than the 1.8% forecast. The Monetary Authority of Singapore MAS may adjust monetary policy in January due to the decreasing inflationary pressures. Still, analysts predict that major adjustments might not occur until 2025 because of the uncertainty surrounding U.S. policies under incoming President Donald Trump. Read More..

B2B Tech News | 1 months ago      

Macron Pledges France’s Support for Ethiopia’s Urgent Debt Restructuring During State Visit

While visiting Ethiopia on Saturday, French President Emmanuel Macron emphasised the need for a resolution "in the coming weeks" and voiced his strong

While visiting Ethiopia on Saturday, French President Emmanuel Macron emphasised the need for a resolution "in the coming weeks" and voiced his strong support for the countrys debt restructuring efforts. Following Ethiopias recent agreement with the International Monetary Fund IMF on the second review of a $3.4 billion lending program, Macron has endorsed the move. "Thanks to your commitment to the reform program you are leading, we aim to complete the restructuring of this three billioneuro debt in the next few weeks," Macron said during a joint press conference with Ethiopian Prime Minister Abiy Ahmed. He also emphasised Frances unwavering support for the current IMF talks, especially a pivotal meeting scheduled for midJanuary. Read More..

B2B Tech News | 1 months ago      

Central Bank of Nigeria Grants BDCs Temporary Access to Official Forex Market for 6 Weeks

Bureau de Change BDC operators now have temporary access to the official foreign exchange market from 19 December 2024 to 30 January 2025, the Central

Bureau de Change BDC operators now have temporary access to the official foreign exchange market from 19 December 2024 to 30 January 2025, the Central Bank of Nigeria CBN stated Thursday. This agreement allows BDC operators to buy up to $25,000 per week from approved dealers all transactions must be funded in advance at going rates and with a maximum spread of 1%. The CBNs custom of selling foreign exchange to BDCs directly at a subsidised rate has changed. The statement failed to explain the decision, which gives BDCs access to a recently introduced automated FX trading system meant to replace the outdated overthecounter system. Read More..

B2B Tech News | 1 months ago      

Prax and Shell Abandon Sale of 37.5% Stake in PCK Schwedt Refinery Amid Legal Delays

Prax and Shell informed the public on Friday that Shells 37.5% ownership of the PCK Schwedt oil refinery in Germany will not be sold. The agreement wa

Prax and Shell informed the public on Friday that Shells 37.5% ownership of the PCK Schwedt oil refinery in Germany will not be sold. The agreement was reached in December last year, but thirdparty lawsuits caused delays. The decision by the German government to deprive Russian oil company Rosneft of authority over the refinery, which was prompted by the 2022 breaking of GermanyRussian energy links, created complications. Both businesses confirmed in their announcements that they had decided to withdraw from the deal. Read More..

B2B Tech News | 1 months ago      

Microsoft Unveils RealTime Translation Feature for Live Captions on Copilot+ PCs

In a Windows blog post, the company said it is testing a new realtime translation function in Live Captions for Copilot+ PCs with AMD and Intel chipse

In a Windows blog post, the company said it is testing a new realtime translation function in Live Captions for Copilot+ PCs with AMD and Intel chipsets. The most recent Windows 11 Insider preview build 26120.2705 has this capability, which lets users convert audio from more than 44 languages into English and shows the translations as bottomofscreen subtitles. Initially limited to devices with Snapdragon processors, this upgrade allows a select group of users to test the feature and offer feedback. Additionally, Snapdragon devices have been improved, enabling simplified Chinese translation. The update also fixes bugs in the Recall feature, which enhances the platforms overall user experience. Read More..

B2B Tech News | 1 months ago      

Genesis Model Integrates Multiple Physics Solvers for Enhanced Robotic Simulations

The generative AI physics model Genesis was introduced recently, demonstrating its promise for physical AI applications and generalpurpose robotics by

The generative AI physics model Genesis was introduced recently, demonstrating its promise for physical AI applications and generalpurpose robotics by simulating fourdimensional 4D worlds. Over 20 research labs collaborated over two years to develop Genesis, which can attain simulation speeds up to 80 times faster than those of conventional GPUaccelerated systems. Installing it requires PyTorch, accessible through the Python Package Index PyPI. The model enables the simulation of various physical events and materials by combining several physics solvers into a single framework. With claims of simulation rates up to 430,000 times faster than realtime while retaining excellent accuracy and realism, it is noteworthy that it can learn robotic locomotion policies in just 26 seconds on a single Nvidia RTX4090 GPU. Read More..

B2B Tech News | 1 months ago      

Rapido Fixes Major Security Flaw Exposing User Data on RideHailing Platform

Rapido has fixed a serious security vulnerability that exposed users and drivers private information on its ridehailing platform. According to a repor

Rapido has fixed a serious security vulnerability that exposed users and drivers private information on its ridehailing platform. According to a report, an application programming interface API vulnerability exposed complete names, email addresses, and phone numbers on a feedback form meant to collect comments. Renganathan P, a security researcher, found the vulnerability, which impacted a site that gathered input from over 1,800 users. A test entry was made to validate the provided data through the feedback form. With CEO Aravind Sanka acknowledging that the survey links had unintentionally reached undesired public users, Rapido secured the portal to prevent unauthorised access. The problem has since been fixed. Read More..

B2B Tech News | 1 months ago