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GLOBAL NEWS

South Africa’s Economy Stagnates With 0.1% Growth in Q1 2025

The economy of South Africa grew by just 0.1% in the first quarter of 2025, as robust growth in the agricultural +15% sector was offset by declines in

The economy of South Africa grew by just 0.1% in the first quarter of 2025, as robust growth in the agricultural +15% sector was offset by declines in the manufacturing 2% and mining 4% sectors. Since the financial crisis of 2008–2009, the nation has had difficulty gaining traction, with yearly growth an average of less than 1%. The coalition administration has increased business confidence, but output is still low. Analysts caution that structural issues, such as inefficient freight rail and transportation bottlenecks, are still impeding recovery. With the economy slowing down, the South African Reserve Bank lowered its 2025 GDP prediction from 1.7% to 1.2%. To boost the economy, experts say more interest rate reductions might be required. Read More..

B2B Tech News | 4 months ago      

Piyush Goyal Meets Italian Business Leaders to Strengthen Bilateral Trade Ties

Before the IndiaItaly Joint Commission for Economic Cooperation JCEC session, Indias Commerce Minister Piyush Goyal met with Italian business leaders

Before the IndiaItaly Joint Commission for Economic Cooperation JCEC session, Indias Commerce Minister Piyush Goyal met with Italian business leaders in Milan to deepen bilateral trade and investment links. The topics of discussion included the IndiaMiddle EastEurope Economic Corridor IMEC, Industry 4.0, agritech, digitalisation, energy transformation, and sustainable mobility. Talking about strategic industrial collaborations, Goyal met with CEOs of important Italian companies such as EPTA Refrigeration, Carraro Group, and UFI Filters. Alongside Italys Deputy Prime Minister Antonio Tajani, he will cochair the JCEC session on 5 June to evaluate the state of economic cooperation. By strengthening economic ties and investment, the visit seeks to support Indias international trade strategy. Read More..

B2B Tech News | 4 months ago      

Trump and Xi Hold First Formal Call, Discuss Trade Tensions and Tariff Disputes

On June 5, Chinese President Xi Jinping and U.S. President Donald Trump spoke over the phone for the first time since Trumps inauguration. Both presid

On June 5, Chinese President Xi Jinping and U.S. President Donald Trump spoke over the phone for the first time since Trumps inauguration. Both presidents addressed worries about tariff conflicts and vital minerals during the trade tensions talk, which was started at Trumps request. The call comes after Beijing and Washington accused each other of violating a 90day trade agreement about lowering tariffs. The discussion was "very positive," according to Trump, who hinted at possible trade talks in the upcoming weeks. While Trump stressed the necessity of direct interaction to settle problems, Xi urged the U.S. to remove restrictive measures. Read More..

B2B Tech News | 4 months ago      

ECB Cuts Interest Rates for Eighth Time as Inflation Hits 2% Target

As inflation hits its 2% target, the European Central Bank ECB has lowered interest rates once more, for the eighth time in a yearlong easing cycle. N

As inflation hits its 2% target, the European Central Bank ECB has lowered interest rates once more, for the eighth time in a yearlong easing cycle. Now at 2%, the deposit rate is regarded as neutral, neither promoting nor impeding growth. In light of trade uncertainty and economic changes, investors expect a pause in July while officials debate whether additional cutbacks are required. Avoiding precommitments on future rate courses, ECB President Christine Lagarde stressed a datadriven approach. Citing weaker eurozone GDP and U.S. trade policies as major drivers, the ECB has also reduced its inflation prediction for 2026. Read More..

B2B Tech News | 4 months ago      

Britain’s Industrial Strategy Faces Challenges Amid High Energy Costs

As parliamentarians and industry leaders call on the government to reduce energy costs in order to preserve global competitiveness, Britains future in

As parliamentarians and industry leaders call on the government to reduce energy costs in order to preserve global competitiveness, Britains future industrial plan faces difficulties. High electricity costs are discouraging investment and industrial growth, despite the strategys goal of promoting economic growth. It will be announced alongside a multiyear spending review. The industry group Make UK calls for the abolition of the environment levy in order to reduce expenses, stating that industrial energy bills in Britain are the highest among major economies. The Confederation of British Industry also supports the removal of policy costs from electricity rates, highlighting the need for assistance in decarbonising energyintensive firms. Experts worry that Britains manufacturing sector may find it difficult to compete globally if nothing is done. Read More..

B2B Tech News | 4 months ago      

Victoria’s Secret Shuts Down Website Following Cybersecurity Incident

A cybersecurity problem that affected Victorias Secrets corporate networks and ecommerce platform from May 26 to May 29 caused the company to briefly

A cybersecurity problem that affected Victorias Secrets corporate networks and ecommerce platform from May 26 to May 29 caused the company to briefly shut down its website. To ensure that no financial data was compromised, the organisation implemented reaction processes to contain the breach. Victorias Secret has delayed their earnings presentation, citing system repair delays, even though the event had no effect on Q1 financial results. A few instore features were also compromised, although these have now been fixed. Similar hacks on Cartier, Marks & Spencer, and Dior have come after this one, underscoring the mounting risks to retail cybersecurity. Victorias Secret is collaborating with cybersecurity professionals to fortify defences and stop such breaches in the future. Read More..

B2B Tech News | 4 months ago      

Passion.io Data Breach Exposes 3.6 Million Records and 12.2TB of Sensitive Data

A significant data breach at the nocode appbuilding platform Passion.io revealed 12.2TB of sensitive data, including invoices, email addresses, user n

A significant data breach at the nocode appbuilding platform Passion.io revealed 12.2TB of sensitive data, including invoices, email addresses, user names, and payment information, along with 3.6 million records. The corporation quickly restricted access after security researcher Jeremiah Fowler found the unencrypted database and informed them. The hack makes creators, influencers, and business owners more concerned about cybersecurity threats because compromised data may be used for fraud, identity theft, and phishing. According to Passion.io, it is bolstering security protocols to avert such breaches in the future. Although there isnt any proof that the data is on the dark web, experts caution that it could be used as a tool in fraud. Read More..

B2B Tech News | 4 months ago      

Google Patches HighSeverity Chrome ZeroDay CVE20255419

Google fixed CVE20255419, a zeroday vulnerability in Chromes V8 JavaScript engine that was being actively used in the wild. Due to the vulnerabilitys

Google fixed CVE20255419, a zeroday vulnerability in Chromes V8 JavaScript engine that was being actively used in the wild. Due to the vulnerabilitys high severity rating 8.8, attackers were able to use rogue websites to execute arbitrary code, which could have compromised systems and resulted in data theft. Chrome 137.0.7151.68, which is compatible with Windows, macOS, and Linux, has the fix users are encouraged to update right away. In accordance with accepted security procedures, Google has limited information until the majority of users deploy the patch. This brings to light persistent browser security issues as it is the third Chrome zeroday repair of 2025. Read More..

B2B Tech News | 4 months ago