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GLOBAL NEWS

Iran’s Rial Plummets to Record Low as Trump Revives ‘Maximum Pressure’ Campaign

The rial fell to a record low of 850,000 rials to $1 after U.S. President Donald Trump ordered a resumption of the "maximum pressure" campaign to stop

The rial fell to a record low of 850,000 rials to $1 after U.S. President Donald Trump ordered a resumption of the "maximum pressure" campaign to stop Irans oil exports and restore UN sanctions. Even though he reinstated sanctions, Trump made hints that he was open to talks on Tehrans nuclear program. Iranian authorities are waiting for Trump to provide an update on possible negotiations. Iran has been denied billions of dollars due to economic pressure, which also corresponds with Tehrans nuclear development. With the rial falling from 32,000 rials to $1 ten years ago, the decline has worsened since Trumps 2018 exit from the nuclear deal, highlighting the severe effects of sanctions on Irans economy. Read More..

B2B Tech News | 2 months ago      

Sudan Conflict Deepens South Sudan’s Economic and Political Crisis, Warns UN

South Sudans economic problems and political unpredictability are being exacerbated by the ongoing fighting in Sudan, according to UNMISS chief Nichol

South Sudans economic problems and political unpredictability are being exacerbated by the ongoing fighting in Sudan, according to UNMISS chief Nicholas Haysom. After hearing about South Sudanese deaths in Sudan, he drew attention to rising inflation, unpaid wages, and instability. The financial and logistical burden has also increased due to the governments request that UNMISS leave a portion of its offices. Sudanese oil export interruptions brought on by pipeline damage have further reduced income. With demands for swift government action, forced unity and sufficient financing, worries about South Sudans impending elections remain. Leaders are under increasing pressure to achieve peace accord requirements as the nation enters a new stretch of its transitional period, with promises of election preparations already underway. Read More..

B2B Tech News | 2 months ago      

Akasa Air Secures Fresh Funding from Premji, Pai, and 360 ONE

Wipro founder Azim Premjis investment office, Manipal Hospitals Chairman Ranjan Pai, and wealth management company 360 ONE are providing new cash to I

Wipro founder Azim Premjis investment office, Manipal Hospitals Chairman Ranjan Pai, and wealth management company 360 ONE are providing new cash to Indias Akasa Air. The family of the late billionaire Rakesh Jhunjhunwala is also providing more funding. The airline is under regulatory inspection for alleged rule infractions and operates a Boeing 737 MAX aircraft fleet. Akasa serves 22 domestic and five international cities, with 27 planes in service, with 226 more on order. After IndiGo and the Air India group, it ranked third with a 4.6% market share by the end of 2024. According to CFO Ankur Goel, the funds will help longterm sustainable growth and financial robustness to handle any obstacles in the changing aviation industry. Read More..

B2B Tech News | 2 months ago      

Franklin Templeton Seeks SEC Approval for New Crypto Index ETF

After Donald Trumps presidency, Franklin Templeton Investments hopes to profit from the expanding cryptocurrency sector by obtaining regulatory cleara

After Donald Trumps presidency, Franklin Templeton Investments hopes to profit from the expanding cryptocurrency sector by obtaining regulatory clearance for a new crypto index exchangetraded fund ETF. Trump has promised that the United States will become a global cryptocurrency centre and build a national bitcoin reserve for more institutional participation. Last year, the SEC, which had previously opposed crypto ETFs due to investor protection concerns, authorised bitcoin and ether ETFs. Several companies are awaiting clearance for ETFs connected to Solana and XRP. According to Franklin Templetons filing, the fund only owns bitcoin and ether to position the company for possible development in the changing crypto ETF market. However, it permits future expansion if the SEC accepts more digital assets. Read More..

B2B Tech News | 2 months ago      

BIS Warns Trump’s Trade Policies Could Destabilize Global Markets

Citing economic uncertainty that could affect global central banks and markets, the Bank for International Settlements BIS has warned about the danger

Citing economic uncertainty that could affect global central banks and markets, the Bank for International Settlements BIS has warned about the dangers associated with Donald Trumps trade policies and deregulation. The head of BIS, Agustin Carstens, emphasised worries about delayed investments, inflationary pressures, and unstable financial markets. He cautioned that economic conditions could become unstable due to growing debt, lax fiscal policies, and a growing difference between U.S. and international interest rates. A "race to the bottom" in financial oversight is feared due to Trumps possible reelection, endangering the consensus among regulators worldwide. In the face of persistent geopolitical uncertainty, central banks may find it difficult to control inflation and capital flows due to the U.S. economy growing at a different rate than other major economies. Read More..

B2B Tech News | 2 months ago      

Apple Unveils Expressive Robotic Lamp Inspired by Pixar’s Luxo Jr.

Like Pixars Luxo Jr., Apple has presented a robotic light prototype that combines practicality and expressiveness. The ELEGNT Expressive and Functiona

Like Pixars Luxo Jr., Apple has presented a robotic light prototype that combines practicality and expressiveness. The ELEGNT Expressive and Functional Movement Design for NonAnthropomorphic Robot research paper features the device, exemplifying Apples approach to realistic humanrobot interactions. It can project videos, react to gestures, nudge a water bottle to remind people to drink and move realistically. The whimsical design raises the possibility that Apple is investigating personal robotics in addition to the rumoured tabletop robot, even though it is still a research prototype. By putting warmth, emotion, and utility first, this invention could help Apple stand out in the expanding robotics market. Read More..

B2B Tech News | 2 months ago      

Workbooks CRM Expands With Advanced Project Management Tools

Workbooks, a top CRM supplier, has added cuttingedge project management features to its platform to improve revenue tracking, optimise workflows, and

Workbooks, a top CRM supplier, has added cuttingedge project management features to its platform to improve revenue tracking, optimise workflows, and allocate resources more effectively. By measuring predicted revenue, the new technologies give firms financial oversight while facilitating task, budget, and team efficiency management. Workbooks have two tiers Project Administration Pro, which offers multicompany administration and improved security, and Project Management Core, which includes task tracking and reporting. For smooth integration, the Advanced Projects addon is given to current clients. CMO Dan Roche emphasises the advantages of combining project management and CRM onto a single platform. With more than 1,400 clients across 30 nations, Workbooks keeps developing its capabilities to improve the operations of midsized service companies. Read More..

B2B Tech News | 2 months ago      

AWS Partners With Orbital Materials to Develop AIDriven Carbon Removal Tech

Together, AWS and Orbital Materials will use generative AI to improve the sustainability of data centres. The partnership seeks to create cuttingedge

Together, AWS and Orbital Materials will use generative AI to improve the sustainability of data centres. The partnership seeks to create cuttingedge materials for carbon removal, chip cooling, and water utilisation by replacing conventional trialanderror techniques with AIdriven quick discovery. Orbitals initial product, a carbon removal material for direct air capture DAC, will use waste heat from data centres to cut emissions. A fullscale pilot is anticipated by the end of 2025. Orbitals AI model, Orb, will also be accessible on AWS platforms, promoting material innovation in various sectors. With Amazon SageMaker HyperPod and AWS Trainium, AWS will help Orbital enhance AI, advancing their common objective of decarbonising data centres and increasing productivity in the AIdriven cloud computing industry. Read More..

B2B Tech News | 2 months ago