Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

GLOBAL NEWS

Bank of Ireland Hikes Mortgage Rates Amid ECB Moves

For the first time since the European Central Bank started hiking interest rates in July 2022, the Bank of Ireland is lifting its variable mortgage ra

For the first time since the European Central Bank started hiking interest rates in July 2022, the Bank of Ireland is lifting its variable mortgage rates by 0.25%. Approximately 30,000 persons, or 10% of Bank of Irelands mortgage customers, have variable rates. With this action, the Bank of Ireland hopes to offset some of the 4.5% interest rate rises that the European Central Bank has implemented thus far. With or without additional ECB rate hikes, rate comparison website and mortgage broker Bonkers. ie forecasts more rate increases from Irish lenders in the upcoming months, as Irish banks still need to pass on prior rate increases Read More..

B2B Tech News | 1 months ago      

Huaweis Honor Deal Pays Off with Profit Surge

For the first three quarters of 2023, Huawei Technologies recorded a 2.4% increase in revenue, which came to 456.6 billion yuan $62.4 billion. In spit

For the first three quarters of 2023, Huawei Technologies recorded a 2.4% increase in revenue, which came to 456.6 billion yuan $62.4 billion. In spite of this slight increase in revenue, the companys profits increased significantly by 177.8% to 73.05 billion yuan. Payments for the 2020 sale of Huaweis Honour smartphone division as well as advancements in management and sales tactics were cited as the reasons for the sharp increase in earnings. The launch of the Mate 60 series helped Huaweis smartphone sales increase during the third quarter. The companys cloud and digital power segments, along with its car parts division, all helped to boost sales. Read More..

B2B Tech News | 1 months ago      

GMUAW Talks Back in Action to End SixWeek Strike

The United Auto Workers UAW and General Motors GM have started talking again in an effort to resolve their sixweek strike and negotiate a labour contr

The United Auto Workers UAW and General Motors GM have started talking again in an effort to resolve their sixweek strike and negotiate a labour contract agreement. The talks started on Thursday and went into the wee hours of Friday before coming to an end. Resuming talks with Chryslers parent company Stellantis was planned for soon. In order to resolve strikes, Ford Motor and the UAW have came to an agreement that will set the precedent for future contracts with GM and Stellantis. Even though GM and Stellantis are allegedly in agreement on the financial terms, there is still disagreement on a few last points, such as using temporary labour. Ford reported that the strike had a financial impact on the company, costing them 80,000 vehicles and $1.3 billion in lost revenue. Read More..

B2B Tech News | 1 months ago      

Lazarus Group Unleashes Cyber Siege with Advanced Tactics

The culprit of a recent cyber campaign has been identified as the North Korean organisation Lazarus Group. This attack took advantage of wellknown sec

The culprit of a recent cyber campaign has been identified as the North Korean organisation Lazarus Group. This attack took advantage of wellknown security holes in another popular piece of software to compromise an unidentified software manufacturer. Advanced evasion tactics were employed in the campaign, along with malware families including SIGNBT and LPEClient, a wellknown hacking tool used for payload delivery and victim profiling. Multiple Lazarus assaults on the targeted software developer suggested that there may have been an attempt to steal source code or tamper with the software supply chain. In 2023, at least three Lazarus campaigns were discovered by Kaspersky, indicating the groups flexibility and variety in the cybersecurity scene. The campaigns constantly used LPEClient malware to deliver the finalstage malware. Read More..

B2B Tech News | 1 months ago      

Taiwans Chip Industry Races to NetZero with Renewables

The government and Taiwans chip sector are keen to work together to meet the 2050 netzero emissions goal. Industry executives do, however, emphasise t

The government and Taiwans chip sector are keen to work together to meet the 2050 netzero emissions goal. Industry executives do, however, emphasise that the development of renewable energy sources must go more quickly, particularly given the growing demand for artificial intelligence AI. Taiwan is a country that imports a lot of energy, mostly coal and natural gas, but it is working to become carbon neutral by switching to more renewable energy sources. The worlds largest contract chipmaker, TSMC, has Cliff Hou, a senior vice president, emphasising the significance of reliable and renewable energy in propelling AI development. Taiwan wants to boost the share of LNG in its power mix, decrease the amount of coal, and support renewable energy sources. Read More..

B2B Tech News | 1 months ago      

Powerchip and SBI Join Forces in Semiconductor Expansion

Building a new chip manufacturing facility in the Japanese prefecture of Miyagi is the first step in Powerchip Semiconductor Manufacturings ambitious

Building a new chip manufacturing facility in the Japanese prefecture of Miyagi is the first step in Powerchip Semiconductor Manufacturings ambitious development strategy. Powerchip has partnered with SBI Holdings, a wellknown financial services company, and has committed an initial investment of roughly $2.67 billion for this project. By 2026, the new plant is expected to be operational. The choice of Miyagi as the site and the partnership with SBI Holdings demonstrate the increasing significance of semiconductor manufacturing. According to reports, Powerchip had been looking into possible sites for the factory and was in talks to get subsidies. These actions suggested a deliberate attempt to meet the growing demand for semiconductors worldwide and promote technical advancement. Read More..

B2B Tech News | 1 months ago      

Euro Stars Converge in UK for AI Regulation Showdown

Senior representatives of the European Union, including Vera Jourova and Ursula von der Leyen of the European Commission, will be present at the UKs A

Senior representatives of the European Union, including Vera Jourova and Ursula von der Leyen of the European Commission, will be present at the UKs AI safety conference, which aims to start an international conversation on AI legislation. The goal of the event, which is being hosted by British Prime Minister Rishi Sunak, is to position the UK as a pioneer in AI regulations. Nonetheless, a few international leaders wont be there, including Justin Trudeau of Canada and Olaf Scholz of Germany. The summits organisers have emphasised the goal of promoting international talks on AI governance. Topics that will be covered include the unpredictable nature of AI breakthroughs and human control over them. Read More..

B2B Tech News | 1 months ago      

IBM Shines in Q3 with Strong Revenue and Profit

IBM, a provider of IT software and consulting services, announced Q3 sales and earnings that surpassed Wall Street forecasts. IBM was able to maintain

IBM, a provider of IT software and consulting services, announced Q3 sales and earnings that surpassed Wall Street forecasts. IBM was able to maintain its market share in consulting engagements by focusing on market share and providing software solutions, even in the face of a difficult economic climate. Clients continued to cut back on discretionary initiatives. Significant AI sales and bookings were made by the company, including agreements with Ernst & Young and Truist Bank. IBM has observed a high level of interest in its consulting services and tools for integrating technology into business processes. It restated its goals for free cash flow and annual revenue growth. Software revenue, which includes Apptio, increased by over 8%. IBM surpassed projections in Q3 with revenue of $14.8 billion and adjusted profit per share of $2.20. Read More..

B2B Tech News | 1 months ago