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GLOBAL NEWS

Norway Escalates Meta Privacy Fine to EU

The European data authorities will now be responsible for collecting the penalties against Meta Platforms previously Facebook, which could apply to th

The European data authorities will now be responsible for collecting the penalties against Meta Platforms previously Facebook, which could apply to the entire European Union. Since August 14, Meta has been penalised 1 million crowns $93,000 daily for privacy violations involving collecting user data for individualised advertising. The goal of Datatilsynet is to outlaw behaviourbased advertising on Facebook and Instagram permanently and to enforce it throughout the EU/EEA. Even though it is not an EU member, Norway is a part of the European Single Market. Despite Metas best efforts, Datatilsynet refused to stop the fine, claiming persistent infringement of user rights. Read More..

B2B Tech News | 3 days ago      

HSBC Makes BillionDollar Move into Chinas Wealth Market

With the planned acquisition of Citigroups China consumer wealth management business, which currently oversees over $3 billion in assets, HSBC also p

With the planned acquisition of Citigroups China consumer wealth management business, which currently oversees over $3 billion in assets, HSBC also plans to hire "a few hundred" of Citi employees already based in China. Even though the financial information is still secret, the deal might be revealed next month. This action fits with HSBCs plan to grow in China while emphasising Asia as a significant source of income. The chairman of HSBC voiced hope despite difficulties in conducting business in China and emphasised historical links. By utilising its network of insurance brokers and current wealth management services, HSBC seeks to join Chinas fund sector. Read More..

B2B Tech News | 3 days ago      

Argentinas Fiscal Targets at Risk Amid Election Promises

Following its victory in October, economists are concerned about the potential for hyperinflation in Argentina. The warning comes after populist candi

Following its victory in October, economists are concerned about the potential for hyperinflation in Argentina. The warning comes after populist candidate Javier Milei promised to dollarize the economy, and populist economy minister Sergio Massa went on a spending binge. Along with other initiatives to put money in voters pockets, Massa has suggested eliminating income tax for all but a small portion of registered workers. These actions, such as cash transfers and adjustments to the income tax threshold, might substantially impact the nation. They might be financed temporarily by printing money, resulting in higher inflation. The targets for reducing Argentinas fiscal deficit and money printing outlined in an IMF loan programme may be in jeopardy. Read More..

B2B Tech News | 3 days ago      

China Relaxes Import Barriers on Australian Hay, Boosting Trade Ties

Australian trade relations with China are improving due to Chinas government lowering import restrictions on Australian hay. Due to Australias request

Australian trade relations with China are improving due to Chinas government lowering import restrictions on Australian hay. Due to Australias request for a study into the causes of COVID19 in 2020, certain trade restrictions were put in place. Even though some restrictions have been removed, there are still barriers to Australian exports, including wine, lobsters, and particular types of meat from particular abattoirs. Don Farrell, the minister of trade for Australia, noted the progress while emphasising the need for more. Hay and chaff exports from Australia to China totalled A$78 million in 2021, a significant drop from A$160 million in 2020. This transformation occurs as one of the most significant dairy industries in the world, China, expands and needs highquality hay for its operations. Read More..

B2B Tech News | 3 days ago      

Amazon vs. FTC Legal Clash Over Monopoly Allegations

Amazon is being sued by US regulators, led by the Federal Trade Commission FTC because the tech giant is illegally maintaining a monopoly. The FTC cla

Amazon is being sued by US regulators, led by the Federal Trade Commission FTC because the tech giant is illegally maintaining a monopoly. The FTC claims that Amazon uses anticompetitive tactics to raise prices and stifle competitors. Amazon denies the allegations and plans to provide a robust defence in court. This lawsuit will be a crucial test of FTC Chair Lina Khans leadership because she has had Amazon on her radar for anticompetitive practices for a while. According to the lawsuit, Amazon hurt customers by reducing options and raising prices. It can be challenging to prove consumer injury under US anticompetition laws, especially for free digital services provided by large tech companies. Read More..

B2B Tech News | 3 days ago      

Gem Security Rises with $23 Million for Cloud Safety

Gem Security, an Israeli firm, has raised $34 million since its founding in February 2023, adding $23 million in a Series A funding round. The busines

Gem Security, an Israeli firm, has raised $34 million since its founding in February 2023, adding $23 million in a Series A funding round. The business specialises in cloud threat identification and incident response. It offers a platform that combines multicloud native telemetry, information from external security solutions, and information from external platforms like GitHub to offer thorough visibility and practical security advice. With the help of this money, Gem Security hopes to improve its services for discovering cloud assets, detecting threats, and handling incidents. The business strives to close the gaps in outdated security practices for the cloud era and has recorded an increase in annual recurring revenue. Read More..

B2B Tech News | 3 days ago      

BlackTech Takes Sneaky Path into Corporate Networks

BlackTech, a Chinese statesponsored APT outfit, has been uncovered conducting assaults against US and Japanese multinational corporations. BlackTech i

BlackTech, a Chinese statesponsored APT outfit, has been uncovered conducting assaults against US and Japanese multinational corporations. BlackTech infiltrates network edge devices and employs firmware implants to remain unnoticed within corporate networks. To ensure persistence, the group manipulates Cisco router firmware and pivots from worldwide subsidiaries to headquarters in Japan and the United States. This cybersecurity threat has been active since at least 2010, and it targets various industries, including government, technology, and telecoms. It is wellknown for concealing its operations through bespoke malware, dualuse tools, and strategies. Monitoring network devices, updating to secure bootcapable equipment, and checking logs for suspicious activity are all recommendations. Read More..

B2B Tech News | 3 days ago      

OpenAIs ChatGPT Levels Up with RealTime Web Access

With Microsofts help, OpenAI enabled its ChatGPT chatbot to receive realtime internet data, surpassing its previous knowledge limit of September 2021.

With Microsofts help, OpenAI enabled its ChatGPT chatbot to receive realtime internet data, surpassing its previous knowledge limit of September 2021. Premium customers can now ask ChatGPT about current events and news plans are in the works to make this function available to all users. Previously, ChatGPTs data was static and could not provide realtime changes. While this advancement improves user experience by offering quick access to current information, questions have been raised about sourcing and information quality. OpenAI has been subjected to regulatory scrutiny for misinformation hazards, illustrating the AI sectors continued struggle to balance utility and safety, as allowing access to realtime data exposes the technology to misuse and accuracy issues. Read More..

B2B Tech News | 3 days ago