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GLOBAL NEWS

Alibaba Targets $5 Billion in Bond Issuance for Debt Repayment and Share Buybacks

Alibaba Group intends to issue offshore yuan and dollar bonds to raise $5 billion. Bonds with maturities of 5.5, 10.5, and 30 years are included in th

Alibaba Group intends to issue offshore yuan and dollar bonds to raise $5 billion. Bonds with maturities of 5.5, 10.5, and 30 years are included in the dollar tranche, whilst bonds with maturities of 3.5, 5, 10, and 20 years are included in the yuan tranche. Repurchases of shares and debt repayment are among the general business uses for the money raised. The company determines the ultimate amount, interest rates, and maturity dates as the deal progresses. Read More..

B2B Tech News | 2 months ago      

Tata Electronics Acquires Majority Stake in Pegatrons iPhone Facility in India

By purchasing most of Pegatrons only iPhone production plant in India, Tata Electronics has established a joint venture in which Tata would oversee 60

By purchasing most of Pegatrons only iPhone production plant in India, Tata Electronics has established a joint venture in which Tata would oversee 60% of the business. The action strengthened Tatas position as an Apple supplier, aligning with Apples larger plan to diversify its production outside of China. This purchase supports Tatas previous acquisition of the Wistron facility and current initiatives to enhance production capacity in India, simultaneously with Apples growing market share and exports. The collaboration highlights how, despite geopolitical changes, Apple is expanding its manufacturing presence in India. Read More..

B2B Tech News | 2 months ago      

Netflix Faces Major Outage During HighProfile Boxing Match, Affects Thousands of Users

Late Friday, Netflix had a major outage, with over 12,000 instances recorded on the outage monitoring site Downdetector. The traffic spike was probabl

Late Friday, Netflix had a major outage, with over 12,000 instances recorded on the outage monitoring site Downdetector. The traffic spike was probably partly caused by the timing of the blackout, which fell during the live broadcast of a wellknown boxing battle between Mike Tyson and Jake Paul. The number of impacted customers decreased to about 5,100 by 921 p.m. ET, suggesting a partial recovery. Despite several rumours, Netflix has not yet issued a statement addressing the matter. The disruption serves as a reminder of the difficulties streaming services encounter during busy events. Read More..

B2B Tech News | 2 months ago      

CyberArk and Wiz Partner to Enhance MultiCloud Security with Integrated Identity Management

The CyberArk Identity Security Platform and the Wiz Cloud Security Platform have been integrated as part of a partnership between CyberArk and Wiz to

The CyberArk Identity Security Platform and the Wiz Cloud Security Platform have been integrated as part of a partnership between CyberArk and Wiz to improve multicloud security. This partnership aims to mitigate the risks associated with uncontrolled cloud entitlements by giving visibility and control over privileged access for human and machine identities. The integration attempts to simplify identity management across cloud environments to help companies like Computacenter and Encova Insurance lower security risks and enhance compliance. To improve cloud security at scale, the collaboration combines CyberArks Zero Standing Privileges strategy with Wizs risk identification capabilities. Read More..

B2B Tech News | 2 months ago      

Nvidias Blackwell AI Chips Face Overheating Issues in HighDensity Racks

The Information cites sources that claim that Nvidias latest Blackwell AI chips, which have already had shipping delays, are now experiencing overheat

The Information cites sources that claim that Nvidias latest Blackwell AI chips, which have already had shipping delays, are now experiencing overheating problems when utilised in highdensity server racks. According to reports, when up to 72 chips are coupled in a single rack, these GPUs—intended to increase data centre efficiency—overheat. To fix the problem, Nvidia has asked its suppliers to make several design adjustments. Despite the setbacks, Nvidia is still working with top cloud service providers like Microsoft, Google, and Metadespite. The Blackwell chips claim a 30fold speedup regarding AI tasks like chatbot responses. Read More..

B2B Tech News | 2 months ago      

Microsoft Power Pages Misconfigurations Expose Sensitive Data, Warns AppOmni

AppOmni discovered that Microsoft Power Pages setup errors expose private information because of inadequate access controls. Authenticated and anonymo

AppOmni discovered that Microsoft Power Pages setup errors expose private information because of inadequate access controls. Authenticated and anonymous users may unintentionally be granted excessive permissions via the platforms rolebased access architecture, endangering sensitive data such as personally identifying information. One instance involved a service provider inadvertently disclosing the contact information of more than 1.1 million NHS employees. To minimise vulnerabilities and protect sensitive data, experts recommend that organisations use tools like data masking and security alerts to enforce permissions at the site, table, and column levels. Read More..

B2B Tech News | 2 months ago      

TMobile Targeted in CyberEspionage Linked to Chinese Intelligence, WSJ Reports

According to reports, a cyberespionage effort connected to Chinese intelligence that targeted both domestic and foreign telecom companies infiltrated

According to reports, a cyberespionage effort connected to Chinese intelligence that targeted both domestic and foreign telecom companies infiltrated TMobiles network. According to the Wall Street Journal, these hackers aimed to intercept highvalue intelligence targets mobile communications. However, TMobile said there was little impact on their systems or consumer data. Chinese hackers gained access to data intended for U.S. law enforcement monitoring as part of a more significant attack on telecom networks. Beijing is still denying any role in these cyberattacks. Read More..

B2B Tech News | 2 months ago      

Brazils Central Bank Chief Calls for Immediate Fiscal Reforms to Boost Market Confidence

Roberto Campos Neto, the departing head of Brazils central bank, stressed the urgent need for the government to employ a "positive fiscal shock" and r

Roberto Campos Neto, the departing head of Brazils central bank, stressed the urgent need for the government to employ a "positive fiscal shock" and reduce spending to calm markets. Campos Neto emphasised that structural and urgent fiscal restraint is necessary. Finance Minister Fernando Haddad questioned the timing of the announcement of a fiscal package. In the meantime, Brazils currency and interest rates are being impacted by worries about inflation and fiscal policy, which have been made worse by the plans of U.S. Presidentelect Donald Trump. Read More..

B2B Tech News | 2 months ago