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GLOBAL NEWS

PNC to Acquire FirstBank for $4.1B, Expanding in Colorado and Arizona

FirstBank will be acquired by PNC Financial Services for $41 billion, indicating a resurgence in regional bank mergers and acquisitions. Through the a

FirstBank will be acquired by PNC Financial Services for $41 billion, indicating a resurgence in regional bank mergers and acquisitions. Through the acquisition, PNC will increase its presence in consumer and small business banking and broaden its reach throughout the southwestern region of the United States. The move, according to analysts, is a result of strategic consolidation in the face of tougher regulations and rising interest rates. FirstBank is a desirable asset for PNCs expansion goals because to its robust digital capabilities and regional market share. The transaction comes after a string of mergers among midsized banks with the goal of increasing scale and operational effectiveness. The deal is anticipated to close in early 2026, subject to regulatory approval. Following the news, PNC shares saw a slight increase in value as a result of the favourable reaction of investors. Read More..

B2B Tech News | 3 months ago      

Anglo American Nears $20B Deal to Acquire Canada’s Teck Resources

The Financial Times claims that Anglo American is on the verge of paying $20 billion to acquire Teck Resources in Canada. The proposed merger would co

The Financial Times claims that Anglo American is on the verge of paying $20 billion to acquire Teck Resources in Canada. The proposed merger would combine assets in coal, copper, other vital minerals, making it one of the biggest deals in the mining industry in recent memory. Anglos diverse portfolio and ESG initiatives would provide a better fit, but Teck previously turned down a bid from Glencore on the grounds of strategic misalignment. The agreement may change the nature of mining worldwide, particularly in copper, which is essential for energy transition technologies. According to analysts, the acquisition would improve Anglos longterm growth prospects and solidify its position in North America. Before an official announcement, regulatory and shareholder approvals must be obtained, and final arrangements are still being negotiated. Read More..

B2B Tech News | 3 months ago      

Sangomar Output Beats Expectations, Senegal Raises 2025 Oil Target

Senegals oil production estimate for the Sangomar offshore field in 2025 has been increased from 30.53 million barrels to 34.5 million barrels. Senega

Senegals oil production estimate for the Sangomar offshore field in 2025 has been increased from 30.53 million barrels to 34.5 million barrels. Senegal formally joined the group of countries that produce oil when Sangomar, which is run by Australias Woodside Energy Group, started production in June 2024. According to the energy ministry, the field delivered more than 24 million barrels of petroleum between January and August 2025. The updated prediction indicates increasing momentum in Senegals energy sector and reflects betterthanexpected performance. Analysts see this as a positive for the nations economic prospects and regional clout, particularly as West African countries aim to leverage the development of natural resources in the face of global energy shifts and growing need for a variety of supply sources. Read More..

B2B Tech News | 3 months ago      

BRICS Leaders Rally Against Trump Tariffs, Back Xi’s Global Governance Plan

On September 8, BRICS leaders, led by Brazil, met virtually to discuss the rising trade tensions in the world brought on by U.S. President Donald Trum

On September 8, BRICS leaders, led by Brazil, met virtually to discuss the rising trade tensions in the world brought on by U.S. President Donald Trumps broad tariffs. Chinese President Xi Jinping promoted multilateralism and suggested a Global Governance Initiative to restructure international institutions, while Russian President Vladimir Putin joined via videoconference from Sochi. Amid concerns about inflation and slower GDP, the summit placed a strong emphasis on extending trade, financial, and investment cooperation. Xi demanded more equitable representation for the Global South and more backing from the UN. Participants included leaders from Ethiopia, South Africa, Egypt, Iran, Indonesia, the United Arab Emirates, and India. The gathering emphasised BRICSs joint opposition to unilateral trade policies that affect emerging economies and their pursuit of a more democratic international order. Read More..

B2B Tech News | 3 months ago      

Oracle Projects $500B in Cloud Revenue, Shares Jump on AI Momentum

After Oracle predicted $500 billion in longterm cloud revenue, driven by growing demand for AI technology, the companys shares jumped 3.1%. Strong dev

After Oracle predicted $500 billion in longterm cloud revenue, driven by growing demand for AI technology, the companys shares jumped 3.1%. Strong development in Oracles cloud services, particularly its collaboration with Nvidia to enable generative AI workloads, was emphasised by CEO Safra Catz. To fulfil enterprise needs, the company is investing in highperformance computing and increasing the capacity of its data centres. Oracles prediction is seen by analysts as a daring declaration of confidence in its cloud strategy, setting it up to take on Microsoft Azure and Amazon Web Services. Investors are favouring companies that facilitate the deployment of AI, and the announcement coincides with a larger tech surge. Oracle wants to play a significant role in the upcoming wave of clouddriven innovation, which is reflected in its optimistic outlook. Read More..

B2B Tech News | 3 months ago      

Google Cloud and Qualcomm Unite to Power Smarter InCar AI Assistants

In order to help manufacturers create sophisticated incar AI assistants, Google Cloud and Qualcomm have extended their collaboration to incorporate Ge

In order to help manufacturers create sophisticated incar AI assistants, Google Cloud and Qualcomm have extended their collaboration to incorporate Gemini AI models with Snapdragon Digital Chassis. Beyond simple voice commands, these multimodal agents will provide conversational, contextaware experiences that enable entertainment, navigation, and car controls. The solution offers manufacturers flexibility and quicker development cycles by utilising a hybrid method that combines cloudbased AI for complicated tasks with ondevice AI for immediate replies. Shiv Venkataraman of Google highlighted the platforms brandowned, secure character, while Nakul Duggal of Qualcomm referred to it as a milestone for personalised mobility. The partnership expands on their work from 2016 and represents a larger trend towards AIdriven, softwaredefined cars that have the potential to completely transform automotive innovation in the future. Read More..

B2B Tech News | 3 months ago      

Canonical Server Outage Triggers MultiDay Ubuntu Update Backlog

After Canonicals servers went down for 36 minutes on September 5 and 7, Ubuntu users experienced extended delays in updates. Despite the short outage,

After Canonicals servers went down for 36 minutes on September 5 and 7, Ubuntu users experienced extended delays in updates. Despite the short outage, it caused a huge backlog of update requests, which resulted in days of unsuccessful installations, stalled processes, and damaged repositories. Installing Ubuntu Server 24.04.2 LTS was difficult for users some users reported problems even two days later. Although the issue was declared addressed on Canonicals status page, community feedback indicated that there may still be lingering disruptions. Erich Eickmeyer, the lead for Ubuntu Studio, verified that the backlog overloaded security updates and mirrors. Services returned to normal on September 8, but the event brought to light the dangers of even brief disruptions to vital infrastructure and the dependence of the Linux community on security.ubuntu.com. Read More..

B2B Tech News | 3 months ago      

GhostAction Attack Steals 3,325 Secrets from 327 GitHub Accounts

A significant supplychain attack known as "GhostAction" gained access to 327 GitHub accounts and stole 3,325 secrets, including GitHub credentials, AW

A significant supplychain attack known as "GhostAction" gained access to 327 GitHub accounts and stole 3,325 secrets, including GitHub credentials, AWS keys, and PyPI tokens. After a fraudulent GitHub Actions workflow was introduced into the FastUUID project, security firm GitGuardian found the compromise. The method was utilised by the attacker to steal confidential information from Cloudflare, DockerHub, and npm. Many impacted repositories undid the changes after GitHub was notified and the campaign was shut down. "S1ngularity," a different npm assault, affected 2,000 accounts but was judged unrelated. GitGuardian alerted users by creating bugs in compromised repositories. The incident emphasises the growing risks to opensource ecosystems and the pressing need for proactive monitoring and more robust CI/CD pipeline security. Read More..

B2B Tech News | 3 months ago