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GLOBAL NEWS

Brazil Implements Stricter Guidelines for Energy Distribution Contracts

The Brazilian government has implemented harsher standards for renewing energy distribution contracts to strengthen restrictions and permit early canc

The Brazilian government has implemented harsher standards for renewing energy distribution contracts to strengthen restrictions and permit early cancellation or intervention if enterprises dont fulfil their contractual commitments. This action affects global energy companies such as Portugals EDP and Italys Enel, whose concession contracts expire in 2031. The governments attempts to force distributors to raise service standards are reflected in the new regulations, especially in light of the recent power outages that major Brazilian cities experienced due to natural disasters. Energy Minister Alexandre Silveira highlighted the seriousness of noncompliance, citing early contract termination or government involvement as potential consequences. This underscores the need for a strong accountability enforcement strategy in the energy industry. Read More..

B2B Tech News | 1 months ago      

UKs CMA Launches Probe into HPEs $14 Billion Juniper Networks Acquisition

To evaluate any possible competition issues in the UK, Britains Competition and Markets Authority CMA said that it will look into Hewlett Packard Ente

To evaluate any possible competition issues in the UK, Britains Competition and Markets Authority CMA said that it will look into Hewlett Packard Enterprises HPE planned $14 billion acquisition of Juniper Networks. HPE hopes to increase its artificial intelligence capabilities and double its networking business with this acquisition. August 14 is when the CMA must decide whether to take the inquiry to a higher level. HPE plans to close the purchase by the end of 2024 or the beginning of 2025, working with UK regulators to finish the required reviews and secure approval. Due to the Juneteenth holiday, which closed US markets during the announcement, Juniper Networks, a USbased company, has yet to comment. Read More..

B2B Tech News | 1 months ago      

Northvolt Clarifies Plans Amid Rumors of Borlange Plant Cancellation

The Swedish lithiumion battery manufacturer Northvolt made it clear that, in response to rumours indicating the projects abandonment, it is reevaluati

The Swedish lithiumion battery manufacturer Northvolt made it clear that, in response to rumours indicating the projects abandonment, it is reevaluating its plans for a new facility in Borlange, central Sweden. The business stressed that no decision has been made yet and that talks with stakeholders, including the municipality, are still underway. When the Borlange facility was first planned in 2022, it was intended to transform an outdated paper mill into a gigafactory that could produce more than 100 gigawatthours GWh of cathode material annually and employ up to 1,000 people. To satisfy growing demand from customers and investors, Northvolt aims to build a second battery facility in Canada in addition to the one it now operates in northern Sweden. Read More..

B2B Tech News | 1 months ago      

Dida Initiates IPO in Hong Kong, Targets $35 Million Raise

According to regulatory papers, Dida, a Chinese ridesharing app operator, started an initial public offering IPO in Hong Kong to raise HK$273.7 millio

According to regulatory papers, Dida, a Chinese ridesharing app operator, started an initial public offering IPO in Hong Kong to raise HK$273.7 million $35.06 million. The firm is scheduled to sell 39.1 million shares, priced between HK$5 and HK$7 a share. On June 26, final pricing is planned, and trade is anticipated to start two days later. With a greenshoe option to sell an additional 5.86 million shares, this offering accounts for 3.9% of Didas total share count. Didas market capitalization after the IPO would be about $900 million if priced at the top of the range. A smaller rival of Didi, called Dida, hopes to gain traction in the Hong Kong market after regulatory scrutiny forced Didi to delist from the US. Read More..

B2B Tech News | 1 months ago      

Amazon to Invest €10 Billion in Germany, Boosting Cloud and Retail Operations

To develop its cloud services and retail activities in the largest economy in Europe, Germany, Amazon announced a significant investment of 10 billion

To develop its cloud services and retail activities in the largest economy in Europe, Germany, Amazon announced a significant investment of 10 billion euros $10.75 billion. By 2026, most of this investment—8.8 billion euros—will go into improving Amazon Web Services AWS cloud infrastructure, emphasising artificial intelligence AIdriven technologies. German Chancellor Olaf Scholz applauded the decision, pointing out that it will generate more than 4,000 jobs this year and underscoring Germanys attraction to investors despite its present economic difficulties, such as rising energy prices and underinvestment. With this investment, Amazons planned investments in Germany now exceed 17.8 billion euros, demonstrating its continued commitment to growing its operational and data centre capacity throughout Europe. Read More..

B2B Tech News | 1 months ago      

CDK Global Shuts Down Systems After Cyber Incident, Restores Core Solutions

Due to a cyber attack, CDK Global, a retail technology and software supplier for auto dealerships, proactively shut down its systems. Since then, the

Due to a cyber attack, CDK Global, a retail technology and software supplier for auto dealerships, proactively shut down its systems. Since then, the business has brought back its digital retailing solutions and central dealer management system. For some apps, extensive testing by outside specialists is still in progress. Around 200 a.m. EDT on Wednesday, CDKs systems fell for the first time. By Wednesday afternoon, they were back up. The outage of CDK Global, which Brookfield Business Partners acquired for $6.41 billion in April 2022, has forced Ford to assess the effects on its dealers. BMW and General Motors have not yet commented on the impact of the incident on their dealerships. Read More..

B2B Tech News | 1 months ago      

E2E Networks Receives MeitY Approval to Provide Cloud Services to Public Sector Units

Empanelment as a Cloud Service Provider CSP has been granted to E2E Networks, an NSElisted cloud infrastructure provider, by Indias Ministry of Electr

Empanelment as a Cloud Service Provider CSP has been granted to E2E Networks, an NSElisted cloud infrastructure provider, by Indias Ministry of Electronic and Information Technology MeitY. Thanks to its empanelment, E2E Networks can now provide cloud services to nationalised banks, PSUs, and other government organisations throughout India. The business has passed MeitYs STQC audit, attesting to its compliance with government regulations. It is wellknown for its sophisticated cloud GPUs, computing services, storage solutions, and DBaaS. The Managing Director, Tarun Dua, emphasised the advantages of E2E Cloud in terms of cost and the opportunity this brings to support government digital transformation. This achievement demonstrates E2E Networks dedication to providing the public sector in India with reliable, secure, and scalable cloud solutions. Read More..

B2B Tech News | 1 months ago      

Netweb Technologies Introduces CuttingEdge Servers for AI and ML with AMD EPYC 9004 Processors

The newest 4th Generation AMD EPYC CPUs are available in a new line of MadeinIndia servers from Netweb Technologies India Limited. These servers, whic

The newest 4th Generation AMD EPYC CPUs are available in a new line of MadeinIndia servers from Netweb Technologies India Limited. These servers, which come in 1U, 2U, 4U, and workstation configurations, are made for highperformance computing and various workloads, in line with Indias Made in India campaign. The servers capability for twin AMD EPYC 9004 Series CPUs with up to 256 cores and 6TB of memory provides significant scalability and performance. Some key features are up to 10 PCIe slots for GPUs and addons, integrated IPMI 2.0 + KVM, ample storage choices, and up to 6TB DDR5 RAM. With this launch, Netweb demonstrates its dedication to fostering domestic innovation and developing AI/ML technology. Read More..

B2B Tech News | 1 months ago