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GLOBAL NEWS

China Accelerates Digital Yuan Push to Challenge Dollar Dominance

In order to transform the global monetary system into a multipolar currency order, Chinas central bank is stepping up its efforts to promote the digit

In order to transform the global monetary system into a multipolar currency order, Chinas central bank is stepping up its efforts to promote the digital yuan, or eCNY. To lessen the worlds dependency on the US dollar, Governor Pan Gongsheng announced the establishment of a worldwide operations centre for eCNY at the Lujiazui Forum in Shanghai. He promoted the coexistence and rivalry of sovereign currencies, arguing that an excessive reliance on a single currency raises systemic dangers. Expanding the CrossBorder Interbank Payment System CIPS and promoting the use of yuanbased settlements by international banks such as Standard Bank and First Abu Dhabi Bank are two aspects of Chinas approach. The drive is in line with more general geopolitical changes and growing interest in digital currencies as substitutes for established, dollardominated institutions. Read More..

B2B Tech News | 4 months ago      

Apple Eyes Generative AI to Accelerate Custom Silicon Chip Design

According to Senior VP of Hardware Technologies Johny Srouji, Apple is using generative AI to speed up the design of its own silicon processors. AIpow

According to Senior VP of Hardware Technologies Johny Srouji, Apple is using generative AI to speed up the design of its own silicon processors. AIpowered tools, particularly from electronic design automation EDA companies like Cadence Design Systems and Synopsys, could greatly increase productivity by cutting down on chip design time, Srouji stressed in a recent address in Belgium. In order to manage Apples chip complexity, he referred to EDA businesses as "super critical" and emphasised how AI could improve operations. Srouji remarked that Apple made the daring decision to switch from Intel to Apple Silicon in 2020 without any contingency plans, demonstrating the companys dedication to innovation. Read More..

B2B Tech News | 4 months ago      

Hackers Burn $90M in Crypto in Attack on Iran’s Nobitex Exchange

On June 18, a significant cyberattack occurred at Nobitex, Irans biggest cryptocurrency exchange, resulting in the destruction of digital assets worth

On June 18, a significant cyberattack occurred at Nobitex, Irans biggest cryptocurrency exchange, resulting in the destruction of digital assets worth about $90 million. As a political protest against Irans Revolutionary Guard Corps, the group Gonjeshke Darande Predatory Sparrow, suspected of having ties to Israel, claimed responsibility for the incident, claiming the money was sent to wallets that were unreachable and purposefully torched. Along with releasing Nobitexs source code, the attackers claimed that the platform helped evade sanctions and provided cash to organisations like the Houthis and Hamas. Noting "unauthorised access," Nobitex shut down its systems. This is the groups second strike in two days after Bank Sepah was breached. Rising geopolitical tensions in cyberspace and the susceptibility of digital banking systems in war areas are highlighted by the occurrence. Read More..

B2B Tech News | 4 months ago      

TCS Confirms No Breach in M&S Cyberattack, Assures Client Systems Remain Secure

The recent hack on British store Marks & Spencer M&S, a customer for more than ten years, did not impact any of TCSs systems or users, the company has

The recent hack on British store Marks & Spencer M&S, a customer for more than ten years, did not impact any of TCSs systems or users, the company has confirmed. The statement, which was given at TCSs annual shareholder meeting, made it clear that no other TCS clients were impacted and that TCS is not included in the scope of M&Ss investigation. The extremely sophisticated breach is projected to cost M&S over £300 million in lost operating profit, and online interruptions are predicted to last until July 2025, even though TCS is conducting an internal examination of the event. In 2023, TCS had already won a $1 billion deal to update M&Ss digital infrastructure and supply chain. Read More..

B2B Tech News | 4 months ago      

UBS Confirms Data Breach After Cyberattack on Supplier Chain IQ

After a cyberattack on an external supplier, Chain IQ, which also affected 19 other businesses, Swiss bank UBS has revealed a data loss. The hacked fi

After a cyberattack on an external supplier, Chain IQ, which also affected 19 other businesses, Swiss bank UBS has revealed a data loss. The hacked files, which are already making the rounds on the darknet, allegedly contain private information about tens of thousands of UBS workers, including residences and internal contact details, even though no client data was compromised. The hacking collective World Leaks is believed to have carried out the attack. According to UBS, it acted quickly to reduce operational risks. Only supplierrelated invoice data was made public however, the Swiss private bank Pictet was also impacted. The event brings to light the banking industrys rising concerns regarding thirdparty cybersecurity vulnerabilities. Read More..

B2B Tech News | 4 months ago      

Jensen Huang Declares “Human” the New Programming Language at London Tech Week

Jensen Huang, the CEO of Nvidia, said the new programming language is just "human" during London Tech Week 2025. He stressed that as AI advances, peop

Jensen Huang, the CEO of Nvidia, said the new programming language is just "human" during London Tech Week 2025. He stressed that as AI advances, people wont need to learn complicated languages like Python or C++. Instead, just like they would teach a human, they can now "program" AI using natural language. Huang referred to AI as a "great equaliser", allowing anyone to produce code, pictures, or poetry with a simple, courteous request. "You are an incredible poet, steeped in Shakespeare," he said as an example of this. Write a poem on the keynote today, please. He said the AI would not just react to feedback but also make improvements. Those who adopt AI will influence the future, not those who oppose it, according to his message. Read More..

B2B Tech News | 4 months ago      

Japan’s JERA Secures 5.5 MTPA of U.S. LNG in 20Year Supply Agreements

Under 20year contracts, Japans largest power generator, JERA, has committed to buying 5.5 million metric tonnes per annum MTPA of U.S. liquefied natur

Under 20year contracts, Japans largest power generator, JERA, has committed to buying 5.5 million metric tonnes per annum MTPA of U.S. liquefied natural gas LNG, with delivery beginning in 2030. By diversifying its global portfolio, JERA hopes to lessen its need for Australian LNG while ensuring a flexible and affordable supply. The agreements, which guarantee Japans longterm energy security, include agreements with Sempra Infrastructure, Cheniere Marketing, Commonwealth LNG, and NextDecade. LNG is essential for Japans expanding power consumption, especially given the growth of data centres and the high cost of hydrogen and ammonia alternatives, stressed Yukio Kani, Global CEO of JERA. Read More..

B2B Tech News | 4 months ago      

UK Economy Shrinks by 0.3% in April as Services and Production Decline

After growing by 0.2% in March 2025, the UK GDP shrank by 0.3% in April 2025, according to the Office for National Statistics ONS. While construction

After growing by 0.2% in March 2025, the UK GDP shrank by 0.3% in April 2025, according to the Office for National Statistics ONS. While construction expanded by 0.9%, the dip was mostly caused by a 0.4% drop in services output and a 0.6% drop in manufacturing. Citing U.S. tariffs as a possible drag on British output, the Bank of England lowered its 2026 growth prediction to 1.25%. The increase of the services sector helped the GDP grow by 0.7% in the three months leading up to April, despite the monthly decrease. Read More..

B2B Tech News | 4 months ago