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Ethiopia Projects 8.9% GDP Growth for 2025/2026 Amid Debt Challenges

Finance Minister Ahmed Shide has raised the forecast for Ethiopias economys growth from 8.4% to 8.9% in fiscal year 2025–2026. Despite this hope, E

Finance Minister Ahmed Shide has raised the forecast for Ethiopias economys growth from 8.4% to 8.9% in fiscal year 2025–2026. Despite this hope, Ethiopia still has problems with inflation, debt, and currency shortages. The country agreed to stop supporting its currency and undertake a 30% devaluation in exchange for a $3.4 billion rescue from the IMF, which helped to drive inflation to 14.4% in April. For economic stabilisation, the central bank has restricted lending to the private sector and tightened controls on the money supply. Ethiopia must also fulfil its obligations to economic transformation by allowing foreign investment in its banking and telecommunications industries. Read More..

B2B Tech News | 4 months ago      

U.S.China Framework Agreement Eases Rare Earth and AI Chip Export Curbs

After two days of negotiations in London, the U.S. and China have settled on a framework agreement to reduce export limits on advanced technology and

After two days of negotiations in London, the U.S. and China have settled on a framework agreement to reduce export limits on advanced technology and rare earth minerals. Presidents Donald Trump and Xi Jinping are currently awaiting acceptance of the agreement, which expands upon the Geneva consensus reached in May. In addition to removing U.S. limitations on AI chips and semiconductor design software, the accord seeks to restart rare earth exports from China. If a more comprehensive trade agreement is not reached by August 10th, tariffs will return to their pretruce levels. Read More..

B2B Tech News | 4 months ago      

Japan’s Cashless Shift Accelerates as BOJ Explores Payment System Innovation

As a result of Japans transition to a cashless society, the Bank of Japan BOJ has called for payment system innovation. In 2024, digital transactions

As a result of Japans transition to a cashless society, the Bank of Japan BOJ has called for payment system innovation. In 2024, digital transactions surpassed the governments 40% target by a year, reaching 42.8%. Although Japan has always preferred physical currency, in order to guarantee safe, effective, and widely available payment systems, officials are currently looking into central bank digital currency CBDC solutions. In 2023, the BOJ initiated a CBDC pilot program, talking with government and private organisations about its structure. BOJ Deputy Governor Shinichi Uchida stressed that although there is still a large need for cash, the use of banknotes may decline dramatically in the future due to digitisation. Read More..

B2B Tech News | 4 months ago      

IndiaEFTA Free Trade Agreement’s Swiss Component Set for October 2025 Implementation

Following ratification by Iceland, Liechtenstein, and Norway, the Swiss portion of the IndiaEFTA free trade agreement FTA would go into effect by Octo

Following ratification by Iceland, Liechtenstein, and Norway, the Swiss portion of the IndiaEFTA free trade agreement FTA would go into effect by October 2025, according to confirmation from Commerce Minister Piyush Goyal. The arrangement is anticipated to go into effect after Switzerlands regulatory process is completed in about two and a half months. Signed in March 2024, the deal allows dutyfree access to 99 per cent of Indian exports, including rice, and guarantees a $100 billion investment commitment from EFTA countries over 15 years. Goyal urged Swiss companies to look into investment potential in industries like space, precision engineering, and pharmaceuticals, highlighting Indias technological innovations and highly qualified workforce. Read More..

B2B Tech News | 4 months ago      

OpenAI Strikes Cloud Deal With Google, Expanding Beyond Microsoft Azure

OpenAI is moving away from its sole reliance on Microsoft Azure after striking an unexpected cloud arrangement with Google. Finalised in May 2025, th

OpenAI is moving away from its sole reliance on Microsoft Azure after striking an unexpected cloud arrangement with Google. Finalised in May 2025, the agreement enables OpenAI to leverage Google Clouds infrastructure to satisfy its increasing needs for AI computation. After securing billiondollar agreements with CoreWeave, SoftBank and Oracle for its $500 billion Stargate project, OpenAI is now branching out beyond Microsoft. For analysts, this is a victory for Google Cloud, even though there are worries that ChatGPT could challenge Googles search dominance. With an annual revenue run rate of $10 billion, OpenAI has solidified its place in the AI race. Read More..

B2B Tech News | 4 months ago      

Nvidia and HPE Partner to Build Blue Lion Supercomputer in Germany

The Leibniz Supercomputing Centre is working with Nvidia and Hewlett Packard Enterprise HPE to construct the Blue Lion supercomputer in Germany, which

The Leibniz Supercomputing Centre is working with Nvidia and Hewlett Packard Enterprise HPE to construct the Blue Lion supercomputer in Germany, which is expected to be operational by early 2027. Nvidias nextgeneration Vera Rubin chips, which are intended to improve AIdriven climate modelling and scientific research, will be used in the system. Nvidia made the revelation during a supercomputing conference in Hamburg, where they also disclosed that Jupiter, another German supercomputer, had formally emerged as the fastest system in Europe. Maintaining European institutions competitiveness against U.S. supercomputing breakthroughs is the initiatives goal. Read More..

B2B Tech News | 4 months ago      

Apple Confirms macOS Tahoe as Final Major Update for IntelBased Macs

Apple indicated that its move to Apple Silicon will come to a close with macOS Tahoe, the last significant upgrade for Intelbased Macs. The statement

Apple indicated that its move to Apple Silicon will come to a close with macOS Tahoe, the last significant upgrade for Intelbased Macs. The statement was made at WWDC 2025 when Apple highlighted that it would be concentrating on Mseries CPUs for macOS generations to come. Intel Macs wont get macOS 27 or later, but they will continue to receive security patches for three more years. Although the upgrade adds Liquid Glass UI, Live Activities, and Spotlight improvements, Apple Intelligence features will only be available on Apple Silicon Macs. To guarantee compatibility with its internal processors, Apple encourages developers to migrate their programs. Read More..

B2B Tech News | 4 months ago      

ChatGPT Global Outage Disrupts Users as OpenAI Works on Fix

On June 10, 2025, OpenAIs ChatGPT went down worldwide, impacting both free and premium users. According to reports, customers experienced interrupted

On June 10, 2025, OpenAIs ChatGPT went down worldwide, impacting both free and premium users. According to reports, customers experienced interrupted conversations, error messages, and unsuccessful login attempts at its height, Downdetector recorded more than 1,100 complaints. OpenAI admitted the problem and said its engineers had found the source and were developing a solution. OpenAI verified that API services had completely recovered by June 11 nevertheless, voice mode was still experiencing high error rates. Users were widely frustrated as a result of the outage, which also affected OpenAIs texttovideo production tool, Sora Read More..

B2B Tech News | 4 months ago