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GLOBAL NEWS

Apples New iPhone to Feature A18 Chip Based on Arms Latest V9 Design

According to the Financial Times, Arms most recent V9 chip design is the foundation for Apples future iPhone, which will sport the new A18 processor.

According to the Financial Times, Arms most recent V9 chip design is the foundation for Apples future iPhone, which will sport the new A18 processor. The announcement will be made on 9 September in Cupertino, California, during Apples autumn event. Signed in September of last year, Apples agreement with Arm goes beyond 2040 and emphasises how vital Arms technology is—it accounts for half of smartphone income. Arm has a longstanding relationship with Apple, licensing its chip design to several businesses. Thanks to its energyefficient designs that prolong battery life, Arm has become a pioneer in mobile processors since their first cooperation in 1990. Read More..

B2B Tech News | 1 months ago      

Social Media Platform X Briefly Goes Down, Impacting Thousands of Users

Downdetector.com, a website that tracks internet service interruptions, reports that social networking platform X had a brief outage on Saturday. Arou

Downdetector.com, a website that tracks internet service interruptions, reports that social networking platform X had a brief outage on Saturday. Around 1031 a.m. ET, during the height of the outage, which lasted less than an hour, over 8,200 reports were received. Less than 164 outage complaints had been made at 1101 a.m. ET. X has yet to reply to queries sent outside of usual business hours, and the reason for the disruption is unknown. Although users were inconvenienced initially, the platform recovered quickly, indicating that the problem was fixed soon. This event highlights social media companies persistent difficulties in providing continuous service. Read More..

B2B Tech News | 1 months ago      

UN Chief Guterres Slams Africa’s Debt Crisis as ‘Unsustainable’ at ChinaAfrica Summit

During the ChinaAfrica Cooperation Summit in Beijing, UN SecretaryGeneral Antonio Guterres cautioned that societal unrest might result from Africas de

During the ChinaAfrica Cooperation Summit in Beijing, UN SecretaryGeneral Antonio Guterres cautioned that societal unrest might result from Africas debt issue, calling it "unsustainable." He urged for comprehensive changes to the international financial system to provide poor nations the liquidity they need to address problems like climate change. Significant debt, restricted access to debt relief, and inadequate financing for fundamental necessities and sustainable development are among the issues that Guterres brought attention to in several African countries. In order to confront the effects of climate change, he underlined the necessity of solid debt relief and improved resources. China, a significant infrastructure and mining investor, is hosting the conference. African leaders are looking to China to help industrialise their economy and increase agricultural exports. Read More..

B2B Tech News | 1 months ago      

Britain Needs £1 Trillion Investment Over Decade to Boost Economic Growth, Taskforce Reports

As per the Capital Markets Industry Taskforce, a further £1 trillion $1.3 trillion in investment is required in Britain over the next ten years to su

As per the Capital Markets Industry Taskforce, a further £1 trillion $1.3 trillion in investment is required in Britain over the next ten years to support economic development. The UK has struggled to achieve a 2.5% annual growth rate since before the financial crisis of 2008. The yearly cost of £100 billion is primarily due to housing, energy, and venture capital. Nigel Wilson, the former CEO of Legal & General, proposes using the £6 trillion insurance and pensions market in the UK to provide this cash. Additionally, the research suggests tax breaks for individual investors. A different study also revealed that UK pensions should invest twice as much in domestic and unlisted stocks to keep up with international norms. Read More..

B2B Tech News | 1 months ago      

Indias SEBI to Introduce Stricter Derivatives Trading Rules to Curb Speculation

Stricter regulations on derivatives trading are about to be implemented by Indias Securities and Exchange Board SEBI to reduce ordinary investors spec

Stricter regulations on derivatives trading are about to be implemented by Indias Securities and Exchange Board SEBI to reduce ordinary investors speculative activity. The minimum trading amount will be virtually tripled, and options contract expirations will be limited to one per weekly exchange under the new restrictions. Responding to resistance from traders and brokers, SEBI intends to revisit previous recommendations, including raising margin requirements and tracking intraday positions. Concerns over the rapidly increasing number of derivative trades—which hit a recordbreaking ₹10,923 trillion $130.13 trillion in August—are behind the decision. After seeing a sharp increase in the percentage of individual investors in index options—from 2% to 41%—SEBI took action to safeguard small investors and maintain market stability. Later this month, the final rules should be announced. Read More..

B2B Tech News | 1 months ago      

ConnectOne Bancorp Announces $284 Million AllStock Acquisition of First of Long Island

Governor of the Reserve Bank of Australia RBA, Michele Bullock, stressed that the main worry should be sustained inflation and that it is premature to

Governor of the Reserve Bank of Australia RBA, Michele Bullock, stressed that the main worry should be sustained inflation and that it is premature to think about shortterm rate reductions. Bullock said that bringing inflation down to the 23% goal range is still the RBAs top aim in a speech in Sydney. Bullock remained hawkish in July despite the sluggish economic growth and a minor decrease in headline inflation to 3.5%. She emphasised that pressures on domestic inflation, especially in the housing and market services sectors, are still a factor in abovetarget inflation. Since last November, the RBA has maintained interest rates at 4.35% and will react suitably to economic shifts. Markets anticipate a 42% chance of a rate cut by November, but Bullock stressed that high inflation must be addressed to avoid more severe financial impacts. Read More..

B2B Tech News | 1 months ago      

Verizon to Acquire Frontier Communications for $20 Billion, Expanding Fiber Network Coverage

The $20 billion allcash acquisition of Frontier Communications, a supplier of fibreoptic internet, has been announced by Verizon. To better compete wi

The $20 billion allcash acquisition of Frontier Communications, a supplier of fibreoptic internet, has been announced by Verizon. To better compete with AT&T and TMobile, Verizon hopes to grow its user base through this move. In addition to the 37.3% premium over the closing price of the shares before the purchase reports became public, Verizon has offered $38.50 for each Frontier share. Verizon intends to restructure Frontiers $11.25 billion in debt. With the combination of Verizons 7.4 million and Frontiers 2.2 million fibre customers, Verizons fibre network will now include the Midwest, Texas, and California in addition to the Northeast and midAtlantic. The agreement would gradually expand Verizons fibre network coverage from less than 10% to around 13%, still lagging behind AT&Ts 15%, when it closes in about 18 months. Read More..

B2B Tech News | 1 months ago      

White House Convenes with Amazon, Google, Microsoft, and Cloudflare to Expand Bandwidth for Internet Censorship Evasion

To propose expanding digital bandwidth for governmentsponsored internet censorship evasion tools, the White House met on Thursday with representatives

To propose expanding digital bandwidth for governmentsponsored internet censorship evasion tools, the White House met on Thursday with representatives from civil society organisations and corporate behemoths Amazon, Google, Microsoft, and Cloudflare. Users in nations with severe internet restrictions, such as Russia, Iran, and Myanmar, are putting in a lot of demand for virtual private networks VPNs, according to the U.S.backed Open Technology Fund OTF. President of OTF Laura Cunningham emphasised the necessity for cheap or subsidised server bandwidth in light of the VPN industrys explosive expansion, which has doubled in recent years. OTF faces increasing expenses in hosting the growing network traffic, even with the financial boost from the U.S. State Department. Read More..

B2B Tech News | 1 months ago