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GLOBAL NEWS

Li Qiang, Abiy Ahmed Reaffirm China–Ethiopia Alliance at BRICS Rio Summit

At the Rio BRICS Summit, Ethiopian Prime Minister Abiy Ahmed and Chinese Premier Li Qiang reaffirmed their strategic partnership and committed to stre

At the Rio BRICS Summit, Ethiopian Prime Minister Abiy Ahmed and Chinese Premier Li Qiang reaffirmed their strategic partnership and committed to strengthening multilateral diplomacy, infrastructure, and trade cooperation. Li hailed the 55year diplomatic partnership as an example of ChinaAfrica cooperation and underlined support for the Addis Ababa–Djibouti Railway. Ethiopia, which exported $564 million to China in 2024, compared to $4.3 billion in Chinese exports, was cited as a major beneficiary of Chinas zerotariff policy for African countries. Abiy thanked China for its support and said he hopes to increase industry, tourism, and communications cooperation. Reaffirming their common goal of Global South solidarity, both leaders pledged to improve coordination within BRICS and the UN. Read More..

B2B Tech News | 5 months ago      

CoreWeave Acquires Core Scientific for $9B to Power AI Infrastructure Expansion

CoreWeave, an AI cloud provider, plans to expand its data centre footprint for AI and highperformance computing HPC by purchasing cryptocurrency miner

CoreWeave, an AI cloud provider, plans to expand its data centre footprint for AI and highperformance computing HPC by purchasing cryptocurrency miner Core Scientific in a $9 billion allstock transaction. Originally constructed for energyintensive cryptocurrency mining, the 1.3 gigawatts of power capacity acquired by CoreWeave are now used for AI tasks. 0.1235 CoreWeave shares will be distributed to Core Scientific owners per share, valuing the business at $20.40 a share, which is 66% more than its June 25 pricing. Expected to conclude in Q4 2025, the arrangement removes over $10 billion in future leasing liabilities. By converting or selling cryptocurrency assets, CoreWeave intends to accelerate its vertical integration approach and save operating expenses by an anticipated $500 million a year by 2027. Read More..

B2B Tech News | 5 months ago      

Bitcoin Sinks to $107,970 After Trump Slaps 25% Tariffs on Japan, South Korea

After U.S. President Trump announced 25% tariffs on imports from South Korea and Japan, raising concerns about a global economic downturn, Bitcoin fel

After U.S. President Trump announced 25% tariffs on imports from South Korea and Japan, raising concerns about a global economic downturn, Bitcoin fell precipitously. As trade tensions increased, traders moved to safer assets, causing the cryptocurrency to drop from $860 to $107,970. The duties, which go into effect on August 1, target important industries like electronics and cars and are imposed just before a crucial trade deadline on July 9. Experts caution that growing trade disputes may cause Bitcoin to fall below $100,000, particularly if punitive actions are taken. Shortterm sentiment is still negative, despite some peoples belief that a declining dollar could eventually strengthen Bitcoin. The S&P 500 and Nasdaq fell about 1%, indicating increased investor apprehension regarding the volatility of global commerce. Read More..

B2B Tech News | 5 months ago      

India Eyes Australian Rare Earths as China Tightens Export Grip

After Chinas export restrictions caused supply chains for industries like cars, electronics, and clean energy to be disrupted, India is now in negotia

After Chinas export restrictions caused supply chains for industries like cars, electronics, and clean energy to be disrupted, India is now in negotiations with Australia to get rare earth minerals. Malini Dutt, the New South Wales Trade and Investment Commissioner, stated that India might acquire earlystage mining blocks and establish alliances with Australian companies. There is also interest in copper blocks, and a PSU and private businesses are discussing the possibilities. More than 90% of the worlds magnet processing is currently done in China, and its restrictions have led to shortages of vital materials like terbium and dysprosium. Focused during India Energy Storage Week 2025, the discussions demonstrate Indias efforts to diversify its mineral resources and lessen its strategic reliance on Chinese supply chains. Read More..

B2B Tech News | 5 months ago      

Ramaphosa Rejects Trump’s 30% Tariff, Cites Inaccurate Trade Data

Calling it a misrepresentation of trade facts, South Africa has rejected U.S. President Trumps proposed 30% tariff on its exports. According to Presid

Calling it a misrepresentation of trade facts, South Africa has rejected U.S. President Trumps proposed 30% tariff on its exports. According to President Cyril Ramaphosa, the average import tax is only 7.6%, and 77% of U.S. goods arrive in South Africa dutyfree. Trumps larger reciprocal trade strategy, which targets 14 nations, includes the tariff, which is scheduled to go into force on August 1. Ramaphosa advised local businesses to expand their export markets and underlined the importance of continuing conversations. He applauded the United States suggestion that negotiations could change the tariff. While preparing for possible economic repercussions, South Africa is nevertheless working towards a fair and advantageous trade relationship, having presented a Framework Deal in May. Read More..

B2B Tech News | 5 months ago      

Canva Suffers Global Outage, Disrupts Design Workflows for Thousands

On July 8, Canva went through a significant worldwide outage that prevented users from editing photographs, loading projects, or accessing saved drawi

On July 8, Canva went through a significant worldwide outage that prevented users from editing photographs, loading projects, or accessing saved drawings. According to Downdetector, the interruption started around 830 AM IST and peaked an hour later with over 600 reports worldwide, mostly from the United States. About 12% of problems were related to the mobile app, while 64% were related to the web platform. Canva is actively working on a solution after admitting to the issue and pointing to problems with design saving, realtime collaboration, and Canva AI features. The impact seemed less severe in India, despite some users reporting issues. Given the rising reliance on Canvas AIpowered design tools, this is the second outage in as many months, raising questions about platform reliability. Read More..

B2B Tech News | 5 months ago      

26M Resumes Exposed TalentHook Breach Leaves Job Seekers Vulnerable to Scams

A misconfigured Azure Blob storage container caused a significant data breach at TalentHook, a U.S.based applicant tracking company, exposing about 26

A misconfigured Azure Blob storage container caused a significant data breach at TalentHook, a U.S.based applicant tracking company, exposing about 26 million resumes. The leak, which Cybernews found, contains private information like names, phone numbers, emails, schooling, and employment history. This information is perfect for phishing, identity theft, and employment fraud. First discovered in January 2025, the breach has not been fixed, and the database is still open to the public. If access has been restricted, TalentHook has not verified it. Attackers may use the information to create highly targeted fraud, particularly targeting job seekers, experts caution. The event highlights the risks of inadequate cloud security procedures and the potential longterm consequences of personal data exposure. Read More..

B2B Tech News | 5 months ago      

OpenAI Tests ‘Study Together’ Mode to Turn ChatGPT Into a Learning Companion

To improve interactive learning, OpenAI is exploring a new ChatGPT feature dubbed "Study Together." Only a few users notice the tool, which pops up in

To improve interactive learning, OpenAI is exploring a new ChatGPT feature dubbed "Study Together." Only a few users notice the tool, which pops up in the sidebar and starts a structured study session where ChatGPT flips the typical Q&A dynamic by asking questions, providing quizzes, and guiding users through topics. It is still in beta, but it might develop into a collaborative mode that enables several users to study at once. By simulating a study buddy experience, the function seeks to encourage active learning and lessen dependency on artificial intelligence. Although it hasnt been formally announced, OpenAI may launch GPT5 concurrently. The action is a reflection of OpenAIs efforts to market ChatGPT as more than just a content creator and as an effective teaching tool. Read More..

B2B Tech News | 5 months ago