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GLOBAL NEWS

Indian Exporters Demand ₹750Crore Marketing Fund to Tap $25Billion U.S. Export Potential

After goods exports experienced a sharp decline, hitting a twoyear low of 4.9% yearoveryear in November, Indian exporters have demanded a ₹750crore

After goods exports experienced a sharp decline, hitting a twoyear low of 4.9% yearoveryear in November, Indian exporters have demanded a ₹750crore marketing budget spread over three years to leverage a $25billion export potential in the U.S. During a prebudget consultation with Finance Minister Nirmala Sitharaman, during which stakeholders from a range of industries, including medical devices, electronics, and textiles, reviewed exportboosting initiatives, these demands were brought up. They suggested a marketing plan with a ₹250 crore yearly budget to take advantage of the potential presented by US tariffs on Chinese imports. Furthermore, exporters pushed for an increase in the current ₹10 crore threshold on interest subvention benefits under the export promotion scheme. Read More..

B2B Tech News | 2 months ago      

U.S. Treasury Secretary Janet Yellen Warns of Possible Debt Default by January 14

The Treasury may have to take "extraordinary measures" to prevent a debt default as early as January 14, U.S. Treasury Secretary Janet Yellen warned l

The Treasury may have to take "extraordinary measures" to prevent a debt default as early as January 14, U.S. Treasury Secretary Janet Yellen warned legislators in a recent letter. Yellen called on Congress to take immediate action to protect the United States creditworthiness. She said a planned redemption for Medicare is expected to reduce the U.S. debt by about $54 billion. Between January 14 and January 23, the Treasury is anticipated to hit the debt ceiling, requiring these unprecedented steps. The budget agreement for 2023 allowed for the continuation of operations by suspending the debt cap until January 1, 2025. Nevertheless, Congress must take action to handle the growing debt, a persistent problem since the first debt ceiling was set in 1939. Read More..

B2B Tech News | 2 months ago      

Chinese President Xi Jinping to Visit Russia in 2025, Confirms Moscow’s Ambassador

Russias ambassador to Beijing, Igor Morgulov, has claimed that Chinese President Xi Jinping is anticipated to travel to Russia in 2025. He reaffirmed

Russias ambassador to Beijing, Igor Morgulov, has claimed that Chinese President Xi Jinping is anticipated to travel to Russia in 2025. He reaffirmed that preparations for bilateral events are underway, highlighting the importance of Xis visit. This comes after higherlevel meetings in the past, such as Putins trips to China in February 2022 and May 2023. China is aware of the current situation in Ukraine and faces comparable difficulties due to pressure from the United States and NATO, Morgulov emphasised. To counter alleged Western "dual deterrence," both countries want to work together. In addition, Russia has backed a peace plan that China and Brazil have put up for Ukraine. Still, Ukraine has rejected it as serving Moscows interests amid unresolved territorial disputes. Read More..

B2B Tech News | 2 months ago      

FDIC Finalizes Agreement with Vanguard to Tighten Regulations on Investment Management

Vanguard and the US Federal Deposit Insurance Corporation have reached a deal to strengthen restrictions on the investment management companys capacit

Vanguard and the US Federal Deposit Insurance Corporation have reached a deal to strengthen restrictions on the investment management companys capacity to purchase sizable shares in major US banking institutions. By defining the parameters for passive investors in FDICsupervised banks and preventing unethical influence over their management choices, this agreement strengthens the FDICs supervision of Vanguards investment activities. Concerns about the dangers of concentrated ownership among significant institutional investors, such as Vanguard and BlackRock, are the reason behind the agreement. In keeping with its commitment to passive investing, Vanguard is now expressly forbidden from influencing the management or policies of regulated institutions. To ensure adherence to these new regulations, the FDIC will carefully monitor Vanguards dealings with bank management. As of right now, no such deal with BlackRock has been documented. Read More..

B2B Tech News | 2 months ago      

Global Economy Faces Geopolitical Tensions and Inflationary Pressures as 2025 Approaches

As central banks attempt to lower interest rates in the wake of large inflation shocks, the global economy enters 2025 amid escalating geopolitical te

As central banks attempt to lower interest rates in the wake of large inflation shocks, the global economy enters 2025 amid escalating geopolitical tensions and inflationary pressures. Donald Trumps planned return to the White House is predicted to rekindle international trade battles, especially with China, where suggested tariffs may affect inflation and the federal budget of the United States. Consumer confidence and economic growth are at risk, and the UK faces stagnation and possible stagflation. Careful central banks like the Bank of England weigh interest rate reductions against ongoing inflation and wage increases. Furthermore, governments face increased borrowing costs in a market where bond investors can expect higher returns, making fiscal policies more difficult if deficits continue to rise. Read More..

B2B Tech News | 2 months ago      

Kyivstar Partners with Starlink for DirecttoCell Satellite Connectivity

The largest mobile operator in Ukraine, Kyivstar, has partnered with Elon Musks Starlink to provide directtocell satellite communication, enabling sma

The largest mobile operator in Ukraine, Kyivstar, has partnered with Elon Musks Starlink to provide directtocell satellite communication, enabling smartphones to connect straight to satellites that serve as cell towers. By 2025s fourth quarter, this cuttingedge technology hopes to introduce message services, with phone and data capabilities to follow. Although financial details have not been published, the partnership expands upon Starlinks current provision of essential internet connectivity to Ukraine. The nation will be the first war area to use this directtocell technology despite continuous Russian attempts to interfere with Starlink communications. Musk has underlined the value of dependable communication in the conflicttorn area and reiterated Starlinks dedication to meeting Ukraines connectivity needs. Read More..

B2B Tech News | 2 months ago      

Massive Cyberattack Compromises Chrome Extensions, Impacts Multiple Companies

Since midDecember, several businesses, including Californiabased data protection company Cyberhaven, have been attacked by a massive cyberattack that

Since midDecember, several businesses, including Californiabased data protection company Cyberhaven, have been attacked by a massive cyberattack that targets Chrome browser extensions. Cyberhaven acknowledged that its Chrome extension, designed to monitor and secure customer data, was compromised. According to experts like Jaime Blasco, cofounder of Nudge Security, the assaults were part of a more significant effort that targeted other extensions, including those connected to AI and VPNs, to harvest sensitive data. Chromes developer, Alphabet, has not yet responded to the U.S. Cybersecurity and Infrastructure Security Agencys CISA postponed enquiries to the impacted organisations. As enquiries into the extent and purpose of the incident continue, Cyberhaven is assisting federal law enforcement. Read More..

B2B Tech News | 2 months ago      

AT&T and Verizon Confirm Cyberattacks by ChineseLinked Salt Typhoon

Although AT&T and Verizon acknowledged that the Chineseaffiliated Salt Typhoon operation had targeted their systems with cyberattacks, they claimed th

Although AT&T and Verizon acknowledged that the Chineseaffiliated Salt Typhoon operation had targeted their systems with cyberattacks, they claimed their U.S. networks were safe. AT&T stated that it is actively collaborating with authorities to lessen the threat and that there is currently no activity by nationstate actors. Verizon said the incident was contained following independent confirmation. Data, geolocation, and call recording were all compromised when Salt Typhoon allegedly gained access to several telecom networks. Officials were encouraged by the U.S. Cybersecurity Agency to use encrypted communication apps after these instances. While Senator Ted Cruz stressed the need to address network vulnerabilities immediately, Senator Ben Ray Lujan called it the "largest telecommunications hack in U.S. history." The assaults highlight the escalating cybersecurity issues associated with Chinese cyberattacks. Read More..

B2B Tech News | 2 months ago