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GLOBAL NEWS

U.S. Bond Giant PIMCO Warns of Rising Recession Risks Amid Trade Uncertainty

Owing to high tariffs and economic uncertainty, U.S. bond giant PIMCO has issued a warning that the country faces its highest risk of recession in yea

Owing to high tariffs and economic uncertainty, U.S. bond giant PIMCO has issued a warning that the country faces its highest risk of recession in years. Investors are underestimating the impact of President Donald Trumps trade policies, according to Investment Chief Dan Ivascyn, who noted that the likelihood of a recession is at its most elevated level in several years. This warning coincides with the United States implementation of significant import levies and ongoing trade conflicts, particularly with China and Canada. Analysts suggest that bond markets may become increasingly volatile as investors adjust their holdings in response to heightened economic concerns. Read More..

B2B Tech News | 2 months ago      

Trump to Announce Major U.S.UK Trade Deal Amid Ongoing Tariff Disputes

The announcement of a significant trade agreement with a "large and highly respected nation" is the focus of a news conference that former U.S. Presid

The announcement of a significant trade agreement with a "large and highly respected nation" is the focus of a news conference that former U.S. President Donald Trump has scheduled for Thursday at 10 a.m. EDT in the Oval Office. Following recent trade discussions, Trump has not disclosed the partner country, although speculation suggests it may be the UK. Amid extensive U.S. tariffs—including 25% tariffs on steel, aluminium, and automobiles, as well as 145% penalties on Chinese imports—the announcement was made. Trumps protectionist trade policies have been bolstered by his insinuations that this agreement will be the first of many. Read More..

B2B Tech News | 2 months ago      

Kenya’s 2025/26 Budget Avoids Tax Hikes After Protests Against Revenue Measures

Following last years tragic protests against revenuegenerating initiatives, Kenyas budget projections for 2025–2026 omit any new tax increases. Inst

Following last years tragic protests against revenuegenerating initiatives, Kenyas budget projections for 2025–2026 omit any new tax increases. Instead, the government, under the leadership of Finance Minister John Mbadi, has focused on enhancing tax administration and addressing loopholes to improve collection efficiency. With a 4.5% GDP deficit and a total expenditure of 4 trillion shillings, the budget aims to generate an additional 25–30 billion shillings. A controversial proposal, which critics argue infringes on privacy rights, grants the tax authority access to financial data to combat tax evasion. This initiative reflects Kenyas attempts to maintain budgetary stability while preventing public discontent over taxation. Read More..

B2B Tech News | 2 months ago      

Australia’s ANZ Group Reports Flat Earnings Amid Global Trade Disruptions

Market realignment and alterations in international commerce were identified by Australias ANZ Group as the primary reasons for its stagnant firsthalf

Market realignment and alterations in international commerce were identified by Australias ANZ Group as the primary reasons for its stagnant firsthalf earnings. Trade flows are disrupted, necessitating companies to adjust their strategies and reallocate funds, according to outgoing CEO Shayne Elliott. ANZs cash profit stood at A$3.57 billion, slightly exceeding expectations but affected by intense competition in home loans. The restructuring of home loans led to a 48% surge in gross impaired assets, while the banks net interest margin remained steady at 1.56%. With the A$4.5 billion acquisition of Suncorp Bank, ANZ also bolstered its institutional lending. Rather than declining, Elliott emphasised that global economic activity will reorganise, positioning ANZ for longterm resilience. Read More..

B2B Tech News | 2 months ago      

China’s Alibaba Partners with RedNote to Revolutionize ApptoApp Shopping

Chinas ecommerce rivalry has intensified due to Alibabas partnership with RedNote Xiaohongshu to implement apptoapp purchasing, allowing users to buy

Chinas ecommerce rivalry has intensified due to Alibabas partnership with RedNote Xiaohongshu to implement apptoapp purchasing, allowing users to buy directly from Taobao. By competing with Meituan and JD.com, which dominate onehour delivery services, this move strengthens Alibabas instant retail strategy. The collaboration utilises RedNotes social commerce network to enhance conversions and focuses on fastmoving consumer goods and healthcare products. Alibaba aims to streamline the buying process by reducing barriers to transactions and product discovery. Experts view this as a strategic challenge to ByteDances TikTok Shopping, highlighting the competition for seamless AIpowered commerce. Alibabas foray into socially integrated purchasing could transform digital retail strategies globally as Chinas ecommerce giants converge. Read More..

B2B Tech News | 2 months ago      

Cadence Unveils Millennium M2000 Supercomputer with Nvidia Blackwell GPUs

Nvidias Blackwell GPUs power the Millennium M2000 supercomputer, which Cadence has launched to accelerate drug development and engineering simulations

Nvidias Blackwell GPUs power the Millennium M2000 supercomputer, which Cadence has launched to accelerate drug development and engineering simulations. When paired with Nvidia HGX B200 hardware, the system integrates Cadences solvers to deliver up to 80 times faster performance than CPUbased solutions. The supercomputer enables chip design, chemical simulations, and aeronautical modelling, reducing computation times from weeks to hours. According to Nvidia CEO Jensen Huang, the company will purchase ten units to enhance AIdriven chip development. With this introduction, Cadence reinforces its entry into AIpowered engineering and establishes itself as a leader in highperformance computing for scientific applications. Read More..

B2B Tech News | 2 months ago      

Wix Launches MCP Server, Bringing AIDriven Coding to Website Management

Wix has introduced the Model Context Protocol MCP Server, an AIdriven solution that simplifies website administration and development. Manual coding i

Wix has introduced the Model Context Protocol MCP Server, an AIdriven solution that simplifies website administration and development. Manual coding is no longer necessary, thanks to the MCP Server, which enables users to create code using AI assistants like Claude, Cursor, and Windsurf. Developers can request AI to integrate tools, add products, or modify site elements while the MCP Server manages the backend operations. The tool is accessible to individuals of all skill levels, as it can be utilised in both developer IDEs and nontechnical chat interfaces. With a Premium Plan offering additional features such as online payments, Wix provides the MCP Server at no extra cost. This announcement reaffirms Wixs commitment to developing AIpowered websites. Read More..

B2B Tech News | 2 months ago      

Spain’s beWanted Suffers Major Data Breach, Exposing Millions Across Europe and Latin America

Due to a data breach at beWanted, a significant European jobsearch website, over 1.1 million user files—including resumes, CVs, phone numbers, email

Due to a data breach at beWanted, a significant European jobsearch website, over 1.1 million user files—including resumes, CVs, phone numbers, email addresses, and national ID numbers—were made public. Despite multiple attempts at disclosure, the unprotected Google Cloud Storage bucket that caused the vulnerability remained accessible to the public for at least six months. Cybersecurity experts caution that the compromised data may enable identity theft, phishing, and social engineering schemes. This incident is a global security issue, as the affected users are from Spain, Argentina, Guatemala, Honduras, and other countries. Read More..

B2B Tech News | 2 months ago