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GLOBAL NEWS

MercadoLibres Fintech Arm Helps the Company Reach Quarterly Profit.

On Thursday, MercadoLibre Inc reported a fourthquarter net profit of $164.7 million, recovering from a loss the previous year and exceeding expectatio

On Thursday, MercadoLibre Inc reported a fourthquarter net profit of $164.7 million, recovering from a loss the previous year and exceeding expectations thanks to strong growth from its fintech unit. The company, which operates in 18 Latin American countries, reported net revenue of $3.0 billion from October to December, slightly higher than a Refinitiv estimate of $2.9 billion. MELI executives anticipate that ecommerce growth in major markets such as Brazil and Mexico will be in the mid to highteens this year. GMV increased nearly 21% in US dollars to $9.6 billion, and the company reported 96.6 million unique active users, an 18% increase over the previous year. Read More..

B2B Tech News | 22 days ago      

TikTok is forbidden on work devices by EU institutions.

According to the new regulations, employees are not permitted to use the videosharing app on their personal phones or work computers that also have of

According to the new regulations, employees are not permitted to use the videosharing app on their personal phones or work computers that also have official EU email and communication apps installed. In November, Tik Tok acknowledged that some employees in China have access to the data of customers in Europe. On Thursday, Tik Tok made a point of emphasising how it secures the data of its 125 million monthly users in the European Union and how it is working to improve data security. The software was prohibited on federal government devices in the US last year, and some American senators are working to make it illegal for Tik Tok to operate there. Additionally, Tik Tok pledged last year to keep American users data in the US to alleviate Washingtons worries. Read More..

B2B Tech News | 22 days ago      

SAs main infrastructure is in danger, but it can still be saved, according to the CEO of Anglo.

To fully realise the promise of geospatial technology, geospatial intelligence is a cognitive process that combines knowledge based on cultural contex

To fully realise the promise of geospatial technology, geospatial intelligence is a cognitive process that combines knowledge based on cultural context, signal intelligence, human intelligence, and imaging intelligence. It involves a particular and crucial procedure called tradecraft, which combines specialised expertise, cuttingedge tools, and analytical skills to assist foresee and make sense of events and acts. Geospatial intelligence is used by a variety of people in daily life to find the best locations, avoid traffic, and get where they need to go. GIS has proved useful in Africas different economic sectors, including telecommunications, electricity & power, oil & gas, and agriculture. Disaster management, healthcare, real estate, insurance, and other fields are among the most often used apps to help sustainable development and tackle problems in Africa. The organisations listed below are dedicated to sustainable development in Africa. Read More..

B2B Tech News | 22 days ago      

Network Interoperability and Performance with Open RAN are improving.

The idea of open hardware, open software, and open interfaces for cellular wireless networks is known as Open Radio Access Networks Open RAN. The rele

The idea of open hardware, open software, and open interfaces for cellular wireless networks is known as Open Radio Access Networks Open RAN. The release of The Evolution of Open RAN, an update to 5G Americas 2020 report on Open RAN standards, was released today by 5G Americas, the voice of 5G and 4G LTE for the Americas. The report focuses on market updates and the most recent technological advancements, such as tools for machine learning and artificial intelligence. It also looks at how cloudification is giving operators possibilities to scale up network functions. Network disaggregation and functional divisions, hybrid vs. hierarchical management plane Mplane, cloudification and virtualization of RAN, and servicesbased design for RIC functions are a few architectural concerns. Read More..

B2B Tech News | 25 days ago      

Due to investor reaction to the Fed minutes, European markets close higher RollsRoyce is up 23%.

After investors absorbed the U.S. Federal Reserves minutes, which revealed that members are still dedicated to fighting inflation with interest rate h

After investors absorbed the U.S. Federal Reserves minutes, which revealed that members are still dedicated to fighting inflation with interest rate hikes, European markets ended the day marginally higher on Thursday. The panEuropean Stoxx 600 index ended the day 0.1% higher, with gains of 1.1% in oil and gas equities and 0.4% in tech as the sector recovered from recent gloom. With a 1.6% decline, mining stocks led the declines. RollsRoyce surpassed analyst estimates with a 57% yearoveryear earnings growth last year, sending its shares substantially higher. European businesses like Solvay, Accor, Heidelberg Materials, BAE Systems, Munich Re, and Heathrow Airport all released their results. After the Feds announcement, AsiaPacific markets ended with mixed results, with chipmaker Nvidia leading the tech gains. Read More..

B2B Tech News | 25 days ago      

By the middle of 2023, TrustQuay and Viewpoint will merge.

TrustQuay and Viewpoint have agreed to join forces to accelerate automation and digitisation across trust, corporate and funds services. By the time t

TrustQuay and Viewpoint have agreed to join forces to accelerate automation and digitisation across trust, corporate and funds services. By the time the deal closes in the middle of 2023, Keith Hale will be the groups CEO and Rolf Heemskerk will be its CIO. For both commercial entity management service providers and governance specialists in the PLC, family office, unit trust, legal, and accountancy sectors, Viewpoint offers a comprehensive entity governance and administration solution. Both companies have unique capabilities, and when combined, they offer the best of both worlds, allowing them to better service consumers around the world while having a bigger presence in Europe and Asia Pacific. Viewpoint is a specialised entity governance solution that is favoured by businesses with a single user and businesses that provide professional services. Read More..

B2B Tech News | 25 days ago      

Beijing terminates ChatGPT, according to reports, out of concern that it might aid in the spread of US disinformation..

According to rumours, Beijing has begun to restrict access to ChatGPT in China. Although the chatbot from OpenAI is not officially accessible in China

According to rumours, Beijing has begun to restrict access to ChatGPT in China. Although the chatbot from OpenAI is not officially accessible in China, some people have reportedly discovered ways to do so using VPNs or mini programmes made available by independent developers. Beijing blocks a large number of foreign websites and programmes, including the whole Google Search, using its Great Firewall. Chinese officials have reportedly ordered key Chinese digital companies, including Tencent, the parent company of WeChat, to block access to apps that give users access to the bot, according to the Japanese daily Nikkei Asia. The site said citing anonymous sources that tech businesses in China who wish to create their own AI chatbots must also notify regulators prior to any launch. Read More..

B2B Tech News | 25 days ago      

SAs main infrastructure is in danger, but it can still be saved, according to the CEO of Anglo.

Because Transnet and Eskom are unable to provide sustainable and dependable logistics and electrical services, SA mining companies are forced to deal

Because Transnet and Eskom are unable to provide sustainable and dependable logistics and electrical services, SA mining companies are forced to deal with a unique confluence of problems that is destabilising the operational environment. Figures revealed this week by Anglo Americans operations in South Africa demonstrated how Transnets dysfunction and Eskoms deteriorating electricity supplies were actually having an impact on its businesses. Anglo American Platinum Amplats saw its profit fall 38% as a result of loadshedding at its plants in South Africa, according to Kumba Iron Ore, which claimed that Transnets subpar performance cost them R10 billion in lost earnings last year. Read More..

B2B Tech News | 25 days ago