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GLOBAL NEWS

Ukraine Faces Payment System Outage Due to Banking Technical Fault

The widespread outages to Ukraines electronic payment systems impacted post offices, eateries, and the Kyiv metro system. Instead of a cyberattack, th

The widespread outages to Ukraines electronic payment systems impacted post offices, eateries, and the Kyiv metro system. Instead of a cyberattack, the disruptions were ascribed to a technical issue with a bank that runs the payment systems. Additionally affected were services like the Diya program, which gives users access to state services, and commercial banking apps. Officials emphasised the necessity for a technical solution while emphasising that the disruptions were unrelated to hostile activity. Read More..

B2B Tech News | 2 months ago      

Huawei Tests Ascend 910D Chip to Challenge Nvidias H100 in AI Performance

To match Nvidias H100 in performance, Huawei is testing its newest AI chip, the Ascend 910D. This chip, a member of Huaweis Ascend series, supports mo

To match Nvidias H100 in performance, Huawei is testing its newest AI chip, the Ascend 910D. This chip, a member of Huaweis Ascend series, supports model training and other complex AI tasks. The business intends to start mass shipping its Ascend 910C chip next month after distributing early prototypes by the end of May. Huawei is working to provide competitive alternatives due to U.S. export limitations on Nvidias highend chips, such as the H100. Huawei has proven resilient in the face of sanctions the Ascend series reflects Chinas drive for semiconductor selfreliance. A significant milestone in Huaweis plan to lessen reliance on Western technology is anticipated when the Ascend 910D undergoes extensive testing. Read More..

B2B Tech News | 2 months ago      

Iran and India Strengthen Judicial Cooperation Under SCO and BRICS Frameworks

During the 20th Meeting of the Heads of Supreme Courts of SCO Member States in Hangzhou, China, Iran and India agreed to strengthen judicial cooperati

During the 20th Meeting of the Heads of Supreme Courts of SCO Member States in Hangzhou, China, Iran and India agreed to strengthen judicial cooperation within the frameworks of BRICS and the Shanghai Cooperation Organisation SCO. Cybersecurity, digital justice, and cryptocurrency legislation were among the main subjects. Indias Chief Justice, Sanjiv Khanna, and Irans Chief Judiciary, GholamHossein Mohseni Ejei, stressed the significance of revising legal standards to meet the difficulties brought on by quickening technology development. Both countries see this partnership as a step towards increasing their influence in regional and international legal affairs. This programme demonstrates the SCOs and BRICS expanding contribution to multilateral collaboration. Read More..

B2B Tech News | 2 months ago      

AfCFTA Chief Advocates Unified Trade Policy to Counter U.S. Tariffs Impact

To combat the disruption brought on by U.S. tariffs under President Donald Trump, AfCFTA Secretary General Wamkele Mene has advocated for a unified Af

To combat the disruption brought on by U.S. tariffs under President Donald Trump, AfCFTA Secretary General Wamkele Mene has advocated for a unified African trade strategy. African economies, notably those of South Africa, Nigeria, and smaller countries like Lesotho and Madagascar, have been affected by these tariffs, raising questions about the viability of the African Growth and Opportunity Act AGOA. Mene called on the continent to fortify internal commerce and diversify markets, stressing the need for deeper intraAfrican trade, which is still below 20%. He gave the example of Ethiopias tenacity in increasing its exports by collaborating with China despite being shut out of AGOA. Given the changes in global trade, this circumstance emphasises Africas need for independence. Read More..

B2B Tech News | 2 months ago      

IndiaPakistan Trade to Halt Completely Amid Diplomatic Escalations

According to the Federation of Indian Export Organisations FIEO, IndiaPakistan bilateral commerce is already negligible at barely 0.06% of Indias tota

According to the Federation of Indian Export Organisations FIEO, IndiaPakistan bilateral commerce is already negligible at barely 0.06% of Indias total trade and is about to stop completely. This followed Pakistans suspension of all economic links, including thirdcountry lines, in retaliation for Indias measures after the Pahalgam terror assault, which included shutting the Attari landtransit point and suspending the Indus Water Treaty. During AprilJanuary 202425, India exported $447.65 million worth of goods to Pakistan, including essentials like pharmaceuticals and organic chemicals, while importing only $0.42 million. The economy of Pakistan, which depends on imports of necessities from India, is anticipated to be severely strained by the halt. Read More..

B2B Tech News | 2 months ago      

Morgan Stanley Plans $2 Billion Sale of Brazos Midstream II Stake Amid Shale Consolidation

Morgan Stanley Infrastructure Partners is considering selling its majority interest in Permian Basin pipeline operator Brazos Midstream II for more th

Morgan Stanley Infrastructure Partners is considering selling its majority interest in Permian Basin pipeline operator Brazos Midstream II for more than $2 billion, including debt. The speciality of Brazos Midstream II is moving oil, liquids and natural gas from wellheads in Texas to bigger pipelines. Jefferies Financial Groups investment bankers oversee the sale process, focusing on investment firms and midstream businesses. In 2018, Morgan Stanley first paid $1.75 billion for Brazos Midstream II. Later, the company partnered with Williams Companies, which now owns 15% of the company. This possible deal reflects the continued consolidation of the shale sector in the United States. Read More..

B2B Tech News | 2 months ago      

Eastern Bankshares to Acquire HarborOne Bancorp in $490 Million Merger Deal

The announcement by Eastern Bankshares that it will acquire HarborOne Bancorp for $490 million in stock and cash represents a significant step in cons

The announcement by Eastern Bankshares that it will acquire HarborOne Bancorp for $490 million in stock and cash represents a significant step in consolidating regional banks in the United States. The acquisition will increase Easterns footprint in Greater Boston and allow it to enter Rhode Island. It is expected to close in the fourth quarter of 2025. Shareholders of HarborOne will get $12 in cash per share, or 0.765 shares of Eastern stock. With $25 billion in assets, Eastern Bankshares and HarborOne, which was established in 1917 and has $5.7 billion in assets, seek to improve customer satisfaction and operational effectiveness. The deals financial advisors are Raymond James & Associates and J.P. Morgan Securities LLC. Read More..

B2B Tech News | 2 months ago      

Bluesky Resolves HourLong Outage, Highlights Challenges in Decentralization

Recently, Bluesky, the decentralised social networking site, went through a major outage for about an hour. The platforms Personal Data Server PDS inf

Recently, Bluesky, the decentralised social networking site, went through a major outage for about an hour. The platforms Personal Data Server PDS infrastructure, which underpins its essential functions, was found to have networking issues. Although Bluesky relies on the AT Protocol to facilitate decentralisation, most users depend on Blueskymaintained infrastructure, which leaves them susceptible to such interruptions. Remarkably, customers using separate AT Protocol components were unaffected. Since the outage, the platforms decentralisation approach and dependence on centralised components have been the subject of discussions. The problem has subsequently been fixed, and Bluesky has reaffirmed its dedication to creating a distributed, more resilient infrastructure. Read More..

B2B Tech News | 2 months ago