Header-template

GLOBAL NEWS

Eagers Automotive Faces Cyber Incident Impacting IT Systems and Vehicle Transactions

A cyber issue that affected the confidence of Eagers Automotives IT systems was reported by the Australian company APE.AX. The problem affected the co

A cyber issue that affected the confidence of Eagers Automotives IT systems was reported by the Australian company APE.AX. The problem affected the completion of transactions for some newly sold and delivered automobiles. The operational effect in Australia and New Zealand differs depending on the business divisions and areas. Even though the postponement in recognition of these transactions would have a significant financial impact for the fiscal year 2023, Eagers is nevertheless optimistic about achieving a record underlying operating profit before taxes. The cyber intrusion is indicative of the continuous cybersecurity difficulties Australian firms confront. Read More..

B2B Tech News | 2 months ago      

Maldives Inland Revenue Authority Records 10.5% Revenue Growth in November 2023

The Maldives Inland Income Authority MIRA said their total income for November 2023 was MVR 1.67 billion, representing a 10.5% rise over the same mont

The Maldives Inland Income Authority MIRA said their total income for November 2023 was MVR 1.67 billion, representing a 10.5% rise over the same month in 2022. The increase in growth is ascribed to increased tax revenue from sources including the TGST and GGST, as well as the rate rises on each in 2023. The favourable result was further influenced by the 3.5% rise in tourist arrivals in October 2023, the expatriate quota charge, and the Tourism Land Rent dues collection. GST 67.16%, Income Tax 6.60%, Green Tax 5.10%, Airport Development Fee 4.50%, and Departure Tax 4.34% are the primary sources of revenue. The entire amount collected is 9.3% more than expected. Read More..

B2B Tech News | 2 months ago      

Morocco Launches Social Reforms Nearly a Million Disadvantaged Families to Receive Monthly Assistance

Morocco has announced that, as part of a social reform launched by King Mohammed VI in 2020, almost a million impoverished households would get direct

Morocco has announced that, as part of a social reform launched by King Mohammed VI in 2020, almost a million impoverished households would get direct monthly aid for the first time. Beneficiaries of the targeted family allowances, irrespective of the makeup of their families, will receive at least 500 dirhams just over $51 monthly. The programme is a component of a larger project that also includes providing free medical care to over 10 million underprivileged individuals and extending social security coverage to all Moroccans. The nation faces social inequality and economic difficulties while social reforms are being implemented. Read More..

B2B Tech News | 2 months ago      

Ethiopia Officially Defaults on $33 Million Bond Payment Amid Financial Crisis

Ethiopia became the third country in Africa to default in three years when it could not pay the $33 million "coupon" payment on its only international

Ethiopia became the third country in Africa to default in three years when it could not pay the $33 million "coupon" payment on its only international government bond. The COVID19 epidemic and Ethiopias justended twoyear civil war have made the countrys dire financial problems more apparent, as seen by the default. Ethiopia had said earlier that it would formally default. Ethiopia is now grouped with Zambia and Ghana, three other countries reorganising under the "Common Framework." Early in 2021, Ethiopia applied for debt relief under the G20led programme. In November 2022, its official sector government creditors reached a settlement to suspend debt service. Read More..

B2B Tech News | 2 months ago      

Singapore Plans Second Phase of GST Hike, Increasing Rate to 9%

Singapores goods and services tax GST is about to go into effect in its second phase, rising by 1% to 9%. The first phase increased the GST from 7% to

Singapores goods and services tax GST is about to go into effect in its second phase, rising by 1% to 9%. The first phase increased the GST from 7% to 8% earlier in the year. Given that living expenses are already rising, opposition MPs have demanded a postponement. The administration contends that the tax increase is required to support state coffers because of the problems brought on by an ageing population and soaring health care expenses. The Central Bank of Singapore projects an average inflation rate of 2.5–3.5% for 2024. Read More..

B2B Tech News | 2 months ago      

Apple Pressured by Indian Government to Downplay StateSponsored Attack Warnings

According to reports, Apple was under pressure from the Indian government to downplay their alerts on statesponsored assaults directed at opposition p

According to reports, Apple was under pressure from the Indian government to downplay their alerts on statesponsored assaults directed at opposition politicians and Indian media. Apple warned Indian customers in October that there was a possibility that statesponsored attackers had targeted their iPhones. The Indian government asked in private that Apple offer other answers openly questioned Apples conclusions, and opened an investigation into device security. Although the pressure campaign unsettled Apple officials in California, the company did not provide a statement to appease Indian authorities following a meeting between an Apple security specialist and ministry representatives. Read More..

B2B Tech News | 2 months ago      

New York Times Files Lawsuit Against OpenAI and Microsoft Over Alleged Copyright Violation

Microsoft and OpenAI have been sued by The New York Times, alleging that they trained chatbots using millions of newspaper stories without the publish

Microsoft and OpenAI have been sued by The New York Times, alleging that they trained chatbots using millions of newspaper stories without the publishers consent. According to the lawsuit, Microsoft and OpenAI attempted to "free ride" off the Timess journalism investment. The Times contends that it is not a "transformative" usage and that it is illegal to utilise its information for free to make products that compete with newspapers and draw readers away from them. The Times wants the businesses to delete chatbot models and training sets that integrate its content it is not asking for a particular sum of damages instead, it estimates damages in the "billions of dollars". Read More..

B2B Tech News | 2 months ago      

Yakult Australia Hit by Cyber Incident, 95 GB of Data Leaked by DragonForce

Data leaks by DragonForce have caused a cyber problem at Yakult Australia, the maker of a probiotic milk drink. A corporate database, contracts, passp

Data leaks by DragonForce have caused a cyber problem at Yakult Australia, the maker of a probiotic milk drink. A corporate database, contracts, passports, and other data are purportedly among the 95.19 GB of disclosed data. Yakult Australia acknowledged the cyberattack and said it is collaborating with specialists in cybersecurity to investigate the matter. Yakult continues to operate in Australia and New Zealand, even though the magnitude of the occurrence is still unknown. Although DragonForce is not currently connected to the hacktivist collective DragonForce Malaysia, it is wellknown for naming victims on its leak site following an extortion attempt. Read More..

B2B Tech News | 2 months ago