Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

GLOBAL NEWS

Amazons AWS Struggles to Recover After Major Outage Disrupts Global Apps and Services

On Monday, October 20th, Amazon Web Services AWS suffered a significant global outage that disrupted countless web applications, streaming services, a

On Monday, October 20th, Amazon Web Services AWS suffered a significant global outage that disrupted countless web applications, streaming services, and enterprise platforms worldwide. The failure, attributed to a critical error in a core networking component, caused widespread recovery delays lasting over eight hours. The incident, following similar large outages in prior years, renewed industry debate about the inherent risk of reliance on centralized cloud infrastructure and the need for multicloud or decentralized disaster recovery architectures. AWS engineers confirmed they were prioritizing the stabilization of key data center regions before commencing a full root cause analysis. Read More..

B2B Tech News | 11 days ago      

Zerodha Commits Final Tranche to Fund OpenSource Software Security and Development

On October 20th, Indian brokerage firm Zerodha announced the dispersal of its final $675,000 tranche dedicated to funding Free/Libre and Open Source S

On October 20th, Indian brokerage firm Zerodha announced the dispersal of its final $675,000 tranche dedicated to funding Free/Libre and Open Source Software FLOSS projects. This initiative targets critical, yet often underfunded, projects focused on core internet security, infrastructure, and standards. The move emphasizes the technological responsibility of major corporations to contribute to the software "commons" upon which their businesses rely. By supporting FLOSS, Zerodha aims to enhance the security and resilience of the foundational components used by the entire financial technology fintech industry. Read More..

B2B Tech News | 11 days ago      

Africa Finance Corporation AFC Report Highlights $100 Billion Annual Infrastructure Financing Gap

The Africa Finance Corporation AFC released its State of Africas Infrastructure Report on October 16th, which starkly highlights an annual infrastruct

The Africa Finance Corporation AFC released its State of Africas Infrastructure Report on October 16th, which starkly highlights an annual infrastructure financing gap exceeding $100 billion. The report stressed that to achieve continental ambitions like the African Continental Free Trade Area AfCFTA, African nations must urgently mobilize domestic capital. It specifically points to the vast pool of over $70 billion in African pension and sovereign wealth funds available annually, advocating for new publicprivate cooperation models to unlock these resources for longterm investments in energy, transport, and digital backbones. Read More..

B2B Tech News | 11 days ago      

US Markets Decline for Second Day as Government Shutdown and Trade Fears Persist

US markets continued their decline on October 17th, with major indices falling amidst the persistent US government shutdown and heightened USChina tra

US markets continued their decline on October 17th, with major indices falling amidst the persistent US government shutdown and heightened USChina trade tensions. The ongoing political and fiscal uncertainty is driving a riskoff sentiment globally. Reflecting this, Foreign Institutional Investors FIIs were reported as net sellers in the Indian stock market for the day, confirming that global capital is moving to safety. The lack of resolution on key policy issues is forcing investors to remain cautious, contributing to continued volatility across major international and emerging markets. Read More..

B2B Tech News | 11 days ago      

Infosys Q2 Profit Jumps 13% YoY Wipro Misses Street Estimates with 1.2% PAT Rise

The Indian IT sector reported mixed results on October 17th. Infosys announced a strong performance with a 13% yearonyear jump in net profit, driven b

The Indian IT sector reported mixed results on October 17th. Infosys announced a strong performance with a 13% yearonyear jump in net profit, driven by large deal wins and cost efficiencies. Conversely, Wipro reported a tepid 1.2% risein consolidated Profit After Tax PAT, missing street estimates due to softer revenue growth and continued headwinds in the consulting business. The contrasting results underscore a bifurcated market where companies with robust digital and AI service offerings are outpacing those heavily reliant on legacy transformation projects, guiding investor sentiment for the remainder of the earnings season. Read More..

B2B Tech News | 11 days ago      

Bank of America Q3 Revenue Climbs 3%, Net Interest Income Tops Expectations

Bank of America BofA released its thirdquarter earnings on October 17th, reporting a solid performance with total revenue climbing 3% yearoveryear. Th

Bank of America BofA released its thirdquarter earnings on October 17th, reporting a solid performance with total revenue climbing 3% yearoveryear. The bank reported that Net Interest Income NII exceeded analysts expectations, driven by higher interest rates and growth in average loan balances, particularly in the consumer segment. CEO Brian Moynihan highlighted the bank’s strong deposit base and robust trading results. The positive results from BofA, following those of its peers, affirm the resilience and operational efficiency of the major US financial institutions despite a cautious outlook on global economic growth. Read More..

B2B Tech News | 11 days ago      

JPMorgan Chase Reports Strong Q3 2025 Earnings $14.4 Billion Net Income

JPMorgan Chase reported its thirdquarter 2025 earnings on October 17th, with net income reaching $14.4 billion and delivering a strong 20% Return on T

JPMorgan Chase reported its thirdquarter 2025 earnings on October 17th, with net income reaching $14.4 billion and delivering a strong 20% Return on Tangible Common Equity ROTCE. Chairman and CEO Jamie Dimon cited strong results despite geopolitical and market volatility. The bank saw average loans increase by 7% yearoveryear, driven by growth in Card Services and wholesale lending. Revenue was robust, with noninterest revenue up 16%, largely due to higher asset management and investment banking fees. The results demonstrate the financial strength and stability of major US banks amidst a challenging global economic backdrop. Read More..

B2B Tech News | 11 days ago      

North Korean Hackers Use EtherHiding Technique to Conceal Malware in Blockchain Smart Contracts

A Google Threat Intelligence Group GTIG report disclosed on October 16th that a North Korean threat actor, tracked as UNC5342, is using a novel techni

A Google Threat Intelligence Group GTIG report disclosed on October 16th that a North Korean threat actor, tracked as UNC5342, is using a novel technique dubbed EtherHiding to distribute malware. The method involves hiding malicious code within the data fields of Ethereum blockchain smart contracts, turning them into virtually undetectable, decentralized commandandcontrol C2 infrastructure. This marks a significant escalation in cyber espionage, as the technique allows the statesponsored group to bypass traditional network defense and DNS filtering mechanisms, facilitating cryptocurrency theft and persistent access to compromised systems. Read More..

B2B Tech News | 11 days ago