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GLOBAL NEWS

Italy Sets Conditions for UniCredit’s Banco BPM Takeover, Including Russia Exit

According to reports, the Italian government requests that Banco BPM leave Russia as soon as possible for UniCredit to acquire the bank. Pressure from

According to reports, the Italian government requests that Banco BPM leave Russia as soon as possible for UniCredit to acquire the bank. Pressure from the European Central Bank on UniCredit to scale back its Russian business aligns with this action. Furthermore, the government is expected to mandate that UniCredit sustain Banco BPMs project financing levels and have a steady loantodeposit ratio. The agreement could be decided as early as Friday, but according to certain rumours, it might not be decided until 22 April. Although UniCredit has not yet provided a statement regarding the terms, the withdrawal from Russia may be crucial to obtaining approval for the purchase. Read More..

B2B Tech News | 2 months ago      

ASML Reports €3.9 Billion Q1 Bookings, Missing Analysts’ Expectations

With Q1 bookings of €3.9 billion $4.4 billion, ASML, the largest provider of chipmaking equipment worldwide, fell short of analysts forecasts of €

With Q1 bookings of €3.9 billion $4.4 billion, ASML, the largest provider of chipmaking equipment worldwide, fell short of analysts forecasts of €4.89 billion. Despite robust demand for AIdriven semiconductor tools, the company identified tariff uncertainty as a significant issue influencing its view for 2025 and 2026. Global trade tensions may affect future orders for ASMLs EUV lithography machines, which are essential for Nvidia and Apple. Although there are still macroeconomic uncertainties, CEO Christophe Fouquet stressed that investments in AI will spur growth. The company maintains its 2025 revenue forecast of €30 billion to €35 billion, although experts caution that trade restrictions may cause supply chain disruptions for semiconductors. Read More..

B2B Tech News | 2 months ago      

IndiaU.S. Bilateral Trade Agreement Aims to Double Trade to $500 Billion by 2030.

A bilateral trade agreement BTA between the United States and India aims to double trade to $500 billion by 2030. After virtual talks this week, inper

A bilateral trade agreement BTA between the United States and India aims to double trade to $500 billion by 2030. After virtual talks this week, inperson trade negotiations will start next month. By September or October 2025, the first phase of the agreement should be completed. India wants reduced tariffs on clothing, textiles, diamonds, and prawns, while the United States wants duty reductions on industrial commodities, electric vehicles, and agricultural products. Global tariff changes are causing import spikes, especially from China, Vietnam, and Indonesia, which officials watch. By strengthening economic relations in the face of changing global trade dynamics, the agreement might significantly increase trade prospects for both countries. Read More..

B2B Tech News | 2 months ago      

China’s Q1 GDP Grows 5.4%, But U.S. Tariffs Threaten Future Expansion

Chinas firstquarter GDP rose by 5.4%, which is above forecast, but it faces uncertainty due to rising U.S. tariffs. As manufacturers hurried shipments

Chinas firstquarter GDP rose by 5.4%, which is above forecast, but it faces uncertainty due to rising U.S. tariffs. As manufacturers hurried shipments before the 145% U.S. tariff surge going into force, the growth was propelled by robust exports. Though exports are predicted to drop precipitously in the upcoming months, analysts caution that this momentum might not endure. Despite government stimulus attempts, real estate investment is declining by around 10% annually. Consumer prices, on the other hand, dropped by 0.1%, indicating poor domestic demand. Beijing is focusing on increasing consumption to offset the effects of tariffs, but experts anticipate weaker growth in the future estimates for GDP in 2025 have been lowered to 3.4%. The trade war is still influencing Chinas economic prospects. Read More..

B2B Tech News | 2 months ago      

U.S.China Trade War Intensifies as Tariffs Reach Historic Levels

With trade ties worsening and tariffs hitting alltime highs, the U.S.China economic decoupling is speeding fast. Bilateral trade is essentially on lif

With trade ties worsening and tariffs hitting alltime highs, the U.S.China economic decoupling is speeding fast. Bilateral trade is essentially on life support after the U.S. levied 145% tariffs on Chinese imports and China responded with 125% penalties. Chinas dominance over rare earth shipments and its $750 billion in U.S. Treasury bonds, which might be used as leverage, further complicate the position. According to the World Economic Forum, a complete decoupling may harm the entire world economy, possibly leading to inflation and instability. Global markets might be impacted by an extreme decoupling, which Goldman Sachs says could result in $2.5 trillion in bond and equity selloffs. The dynamics of international trade are still shaped by the ambiguity surrounding U.S.China ties. Read More..

B2B Tech News | 2 months ago      

Google and PJM Interconnection Partner to Accelerate Grid Connection with AI

The biggest power grid operator in the US, PJM Interconnection, is collaborating with Google to implement AIpowered solutions that accelerate grid con

The biggest power grid operator in the US, PJM Interconnection, is collaborating with Google to implement AIpowered solutions that accelerate grid connection procedures. By automating interconnection reviews and streamlining energy flow, the programme seeks to cut wait periods, which average five years. With support from Alphabet, Googles Tapestry platform will create a grid model driven by AI that resembles Google Maps and will enable planners to view realtime grid data. Before advancing to fullscale grid management, the technology will expedite manual review procedures. With AIdriven data centres driving electricity demand, this partnership aims to improve energy efficiency and modernise infrastructure. The rollout starts in 2025 and is a significant step towards power systems with AI incorporated. Read More..

B2B Tech News | 2 months ago      

Google Cloud’s Columbus Zone Suffers SixHour Outage Due to UPS Failure

Google Clouds uninterruptible power supply UPS equipment malfunctioned, causing a sixhour outage in Columbus, Ohios useast5c zone. A loss of utility p

Google Clouds uninterruptible power supply UPS equipment malfunctioned, causing a sixhour outage in Columbus, Ohios useast5c zone. A loss of utility power started the disturbance, which led to a cascading failure in the UPS, which depends on batteries to fill the void between generator activation and power outage. More than 20 cloud services, including BigQuery, Cloud SQL, and Cloud VPN, were unavailable due to a severe battery failure that stopped the UPS from operating. Although engineers were able to bypass the failed UPS and use generators to restore power, the full recovery was delayed because several services needed manual intervention. As a preventative measure, Google has committed to auditing its systems and collaborating with its UPS vendor. Read More..

B2B Tech News | 2 months ago      

Hertz Confirms Data Breach, Exposing Customer Personal Information

Big car rental company Hertz has acknowledged a data breach that exposed drivers licences and personal data. Utilising a zeroday vulnerability in Octo

Big car rental company Hertz has acknowledged a data breach that exposed drivers licences and personal data. Utilising a zeroday vulnerability in October and December 2024, the attack targeted Cleo Communications, Hertzs file transfer service provider. The inquiry that followed the breachs discovery in February 2025 revealed stolen information, including names, contact information, birth dates, credit card numbers, and workers compensation claims. A few peoples Social Security numbers, passport information, or Medicare IDs might have been compromised. Affected consumers will receive two years of identity monitoring from Hertz. Although not in the millions, the corporation has not revealed the precise number of affected people. Read More..

B2B Tech News | 2 months ago