Header-template

 Global News

Subscribe our Newsletter

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

GLOBAL NEWS

ADNOC Drilling Expands Beyond UAE With $112 Million SLB Acquisition

For $112 million, ADNOC Drilling purchased a 70% share in SLBs land drilling rig operations in Oman and Kuwait, initiating its first significant foray

For $112 million, ADNOC Drilling purchased a 70% share in SLBs land drilling rig operations in Oman and Kuwait, initiating its first significant foray outside of the United Arab Emirates. Eight working rigs—six in Oman and two in Kuwait—under contracts with domestic oil corporations are part of the agreement. In addition to an upfront payment of $91 million, ADNOC Drilling will also pay $21 million based on performance. A $1 billion revolving loan will finance the acquisition, which is anticipated to finalise in Q1 2026. Through acquisitions and tenders, ADNOC Drilling hopes to strengthen its regional drilling presence by doubling the number of its rigs in the area. Read More..

B2B Tech News | 4 months ago      

South Africa’s Central Bank Cuts Interest Rate to 7.25% Amid Growth Concerns

Citing slower economic growth and muted inflation, South Africas central bank lowered its benchmark interest rate by 25 basis points to 7.25%. Five me

Citing slower economic growth and muted inflation, South Africas central bank lowered its benchmark interest rate by 25 basis points to 7.25%. Five members of the Monetary Policy Committee MPC supported the cut, while one member pushed for a more drastic 50 basis point cut. Policymakers lowered borrowing costs in April as inflation dropped to 2.8%, below the central banks goal range of 3% to 6%. Governor Lesetja Kganyago stated that South Africas economic outlook is still impacted by uncertainty surrounding international trade, particularly U.S. tariff plans. The banks revised 2025 GDP growth prediction of 1.2% is lower than its previous projections, highlighting the necessity of monetary assistance. Read More..

B2B Tech News | 4 months ago      

Alaska Energy Conference Discussions Could Reshape Japan’s LNG Future

From June 3–5, Takehiko Matsuo, Japan’s viceminister of international affairs, will attend the Alaska Sustainable Energy Conference, where the $44

From June 3–5, Takehiko Matsuo, Japan’s viceminister of international affairs, will attend the Alaska Sustainable Energy Conference, where the $44 billion Alaska LNG project will be debated. The meeting comes after U.S.led discussions on LNG infrastructure investments in Asia, as Taiwan, South Korea, and Japan consider energy security plans in the face of tariff uncertainty. Potential crossborder energy cooperation has been indicated by the projects interest from JERA, Japans biggest LNG consumer. However, citing issues of indigenous rights and climate change, environmental organisations have asked Japan to decline participation. The talks could influence Japans longterm LNG purchase policy, striking a balance between sustainability objectives and economic feasibility. Read More..

B2B Tech News | 4 months ago      

Grammarly Secures $1 Billion From General Catalyst to Expand AI Platform

Grammarly has obtained $1 billion in nondilutive funding from General Catalyst with the goal of growing its productivity platform driven by AI. Throug

Grammarly has obtained $1 billion in nondilutive funding from General Catalyst with the goal of growing its productivity platform driven by AI. Through the funding of sales, marketing, and strategic acquisitions, Grammarly will be able to improve its communicationbased AI products and include thirdparty AI tools. With 40 million users per day, the company intends to apply AI for enterprise solutions and process automation. Former Coda CEO Shishir Mehrotra highlighted Grammarlys transition from a onepurpose agent to an AIpowered platform. The funding arrangement guarantees that General Catalyst will get a revenuelinked capped return instead of an equity stake. With a 2021 valuation of $13 billion, Grammarly is still pursuing workplace innovation powered by AI. Read More..

B2B Tech News | 4 months ago      

Dell Raises FullYear Profit Forecast Amid Surging AI Server Demand

Due to the high demand for AIpowered servers with Nvidia chips, Dell has increased its fullyear profit prediction. From its initial projection of $9.3

Due to the high demand for AIpowered servers with Nvidia chips, Dell has increased its fullyear profit prediction. From its initial projection of $9.30 per share, the company now anticipates adjusted annual earnings of $9.40. With a $14.4 billion backlog, Dell reported $12.1 billion in AI server orders this quarter, exceeding its total fiscal 2025 shipments. Dells AI infrastructure will be used by the U.S. Department of Energys latest supercomputer, Doudna, increasing its enterprise adoption. Despite competitiveness and tariff pressure on margins, Dells Q2 revenue guidance of $28.5–$29.5 billion surpassed expert projections. The companys AIdriven growth plan was strengthened when its infrastructure solutions sales increased by 12% and its PC business expanded by 5%. Read More..

B2B Tech News | 4 months ago      

India to Launch First Indigenous Semiconductor Chip in 2025

Targeting the 2890 nm market, which makes up 60% of the worlds demand, India will introduce its first domestic semiconductor chip in 2025. The announc

Targeting the 2890 nm market, which makes up 60% of the worlds demand, India will introduce its first domestic semiconductor chip in 2025. The announcement by IT Minister Ashwini Vaishnaw that six fabrication units are being built is a significant turning point in Indias aspirations to produce semiconductors. Launched in 2021, the India Semiconductor Mission ISM offers financial incentives for semiconductor design, production, and assembly. This project is in line with ISM. These chips will support Indias IT ecosystem by being utilised in power, railway, communication, and automotive applications. Vaishnaw reinforced Indias digital sovereignty by underscoring the necessity of AI models educated on Indian languages and cultural quirks. Read More..

B2B Tech News | 4 months ago      

Apple WWDC 2025 to Introduce iOS 26 With Solarium Design Overhaul

Apple is expected to launch iOS 26 at WWDC 2025, which is scheduled for June 9–13. This will mark the companys move to naming its operating systems

Apple is expected to launch iOS 26 at WWDC 2025, which is scheduled for June 9–13. This will mark the companys move to naming its operating systems according to the year. The upgrade will add glasslike translucency, floating windows, and pillshaped tab bars to all devices with Solarium, a new design language inspired by visionOS. Additionally, Apple will provide AIpowered improvements under Apple Intelligence, such as intelligent battery optimisation, AIdriven health tools, and a more intelligent Siri. A specialised gaming app that combines leaderboards, texting, and achievements is also rumoured to launch. It marks the beginning of Apples biggest software update in years, with an emphasis on AI integration and visual polish. Read More..

B2B Tech News | 4 months ago      

Microsoft Expands Windows Update to Support ThirdParty App Updates

Microsofts Windows Update Orchestration Platform streamlines software maintenance by enabling thirdparty apps to get updates straight from Windows Upd

Microsofts Windows Update Orchestration Platform streamlines software maintenance by enabling thirdparty apps to get updates straight from Windows Update. By scheduling updates according to user activity, system performance, and battery life, the platform helps developers minimise CPU and bandwidth spikes. In addition to standard Windows notifications and a centralised update history in Windows Settings, it supports MSIX, APPX, and a few Win32 programs. In order to enable Windows Update to intelligently manage installations, developers must register their apps and supply update details via APIs. The effort seeks to improve security, streamline updating procedures, and give users and IT managers a consistent experience. Read More..

B2B Tech News | 4 months ago