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GLOBAL NEWS

It was discovered that Meta tracking tools violate EU data transfer regulations.

The usage of Metas tracking technologies violates EU data protection rules, according to Austrias data protection authority, because personal data was

The usage of Metas tracking technologies violates EU data protection rules, according to Austrias data protection authority, because personal data was transported to the US, where it was vulnerable to government surveillance. The discovery stems from a flurry of complaints made against websites using Google Analytics over the same data export issue by the European privacy rights organisation noyb back in August 2020. For its part, Meta has attempted to minimise the impact of the Austrian DPAs decision in response to the news. The finding, according to a corporate spokesman, is based on past circumstances and does not effect how businesses can utilise our products, the spokesperson said in a statement. Read More..

B2B Tech News | 14 hours ago      

Connell ONeill Named a Hong Kong Rising Star by Asian Lawful Business

Connell ONeill was added to Asian Legal Businesss inaugural list of Hong Kong Rising Stars 2023, which recognises the future generation of Hong Kong l

Connell ONeill was added to Asian Legal Businesss inaugural list of Hong Kong Rising Stars 2023, which recognises the future generation of Hong Kong lawyers who have proven significant potential in the profession while garnering wide appreciation from their clients in the process. The list was made public in the edition from March 2023. Connell is the head of the firms technology practise in Asia and counsels clients throughout APAC and the Middle East on business and corporate transactions, cybersecurity and privacy, product advice, and commercial intellectual property issues in the media, telecommunications, and information technology industries. Read More..

B2B Tech News | 15 hours ago      

NBTE, foundation accomplice to start confirmation in sunlight based tech

The Asteven Energy Institute is collaborating with the National Board for Technical Education NBTE to provide a National Innovation Diploma NID in Sol

The Asteven Energy Institute is collaborating with the National Board for Technical Education NBTE to provide a National Innovation Diploma NID in Solar Energy Technology. The institute made the announcement during a virtual stakeholders meeting in Lagos on Thursday, which was broadcast live by the News Agency of Nigeria NAN. Dr Sunny Akpoyibo, President of Asteven Energy Group, emphasised the importance of certification in the countrys renewable energy sector in accordance with global best practises. Prof. Magnus Onuoha, Rector of the Institute, stated that the certification would allow for continuous upskilling and reskilling capacity in the industry. The NID for Solar Technology is a foursemester practical programme a twoyear diploma programme designed as a schooltowork transition. Read More..

B2B Tech News | 15 hours ago      

As Wall Street banks work to strengthen the banking system, Asian markets rise.

Asian markets rose on Friday after major Wall Street banks pledged a $30 billion deposit in First Republic Bank to boost trust in the banking system.

Asian markets rose on Friday after major Wall Street banks pledged a $30 billion deposit in First Republic Bank to boost trust in the banking system. In mainland China, the Shenzhen Component ended the day 0.36% higher, while the Shanghai Composite rose 0.73% to 3,250.54. The Hang Seng index in Hong Kong rose 1.81% in the final hour of trading, leading gains in the region, and shares of search engine company Baidu rose more than 15%. The Kospi in South Korea gained 0.75%, while the Nikkei 225 and Topix in Japan both gained 1.15%. The S&P/ASX 200 index in Australia rose 0.42% to 6,994.8. Read More..

B2B Tech News | 15 hours ago      

Canada is Volkswagens first choice for a battery cell plant outside of Europe.

In an effort to localise the manufacturing of electric vehicles EVs in the region, Volkswagen has decided to locate its first battery cell plant outsi

In an effort to localise the manufacturing of electric vehicles EVs in the region, Volkswagen has decided to locate its first battery cell plant outside of Europe in Canada. St. Thomas, 120 miles northeast of Detroit, will be the location of the factory. Lithium, cobalt, and nickel are among the vital minerals mined in great quantities in Canada. In addition to US climate law requirements that 50% of EV car battery components be produced in North America for vehicles to qualify for tax credits up to $7,500, VW will profit from both Canadian and American subsidies. The Inflation Reduction Act IRA, which permits incentives for automobiles with batteries built with a part of materials sourced from or processed in the US or Canada, also encourages foreign investment. Read More..

B2B Tech News | 3 days ago      

STRACON Group acquires AMECO South America from Fluor.

The AMECO South America business, which includes assets in Chile and Peru, was sold by Fluor Corporation NYSE FLR to STRACON Group. With this deal, th

The AMECO South America business, which includes assets in Chile and Peru, was sold by Fluor Corporation NYSE FLR to STRACON Group. With this deal, the AMECO divestiture has been completed, allowing Fluor to concentrate on its core businesses and capital goals. By using worldclass expertise to address the most difficult problems for its clients, Fluor is creating a better world. With the help of its 40,000 people, it can provide clients all around the world projects that are safe, wellexecuted, and capitalefficient. Fluor is rated 259th among the Fortune 500 businesses and will generate $13.7 billion in revenue in 2022. Visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook, and YouTube for additional information. Read More..

B2B Tech News | 3 days ago      

The British government is asking the National Cyber ​​Security Center to review TikTok

The National Cyber Security Centre NCSC has been requested by the UK government to evaluate TikTok, which may signal a future ban on the app on govern

The National Cyber Security Centre NCSC has been requested by the UK government to evaluate TikTok, which may signal a future ban on the app on governmentowned devices. This comes in response to a weekend article in the Sunday Times that stated a ban is imminent. Fears about security and the privacy of TikTok user data have led to a succession of restrictions on the Chinaowned app by other governments and public institutions in recent months. In order to better safeguard the privacy of its European users, TikTok has started executing a comprehensive plan that includes storing UK user data in European data centres and tightening data access rules. Read More..

B2B Tech News | 3 days ago      

Launching a $95 million venture capital fund to support the African tech sector is Egypts Flat6Labs.

A $95 million seed fund has been established by Flat6Labs to support earlystage technological startups in Africa. North Africa, West Africa, and East

A $95 million seed fund has been established by Flat6Labs to support earlystage technological startups in Africa. North Africa, West Africa, and East Africa will be the three key investment regions that the Africa Seed Fund ASF will concentrate on. For the next five years, it will invest in more than 160 earlystage tech startups with a focus on markets that hasten digital inclusion and fields that help solve social and environmental problems. The fund has the potential to produce more than $700 million in income, 14,000 new employment, and support more than 1,200 founders, 20% of whom will be women. Under the Africa Seed Fund, Flat6Labs is investing in preseed to preseries A stage businesses with tickets costing between $150,000 and $500,000. Read More..

B2B Tech News | 3 days ago