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GLOBAL NEWS

Swiss Firms Boost Investments in India Amid $100 Billion Trade Deal and Economic Partnership

A $100 billion trade pact that offers lower tariffs and faster market access is driving Swiss firms, such as ABB and Kuehne+Nagel, to increase their i

A $100 billion trade pact that offers lower tariffs and faster market access is driving Swiss firms, such as ABB and Kuehne+Nagel, to increase their investments in India. As Indias economy surpasses Chinas with anticipated growth rates of 7% this year, this change represents a rising tendency among European businesses looking to mitigate the effects of U.S.China trade tensions. Swiss investment is anticipated to be further encouraged by the recent trade and economic alliance with the European Free Trade Association. For example, ABBs activities in India have grown dramatically, with the company completing eight projects since 2023 and growing from 6,000 to 10,000 employees. This action demonstrates Switzerlands continued commitment to China and the growing significance of India as a significant market for investments. Read More..

B2B Tech News | 2 months ago      

WTO Delays Ruling on Indias ICT Import Duties Amid Calls for Further Negotiations

India and Chinese Taipei have requested that the WTOs dispute settlement body DSB postpone the implementation of a verdict against Indias import taxes

India and Chinese Taipei have requested that the WTOs dispute settlement body DSB postpone the implementation of a verdict against Indias import taxes on certain IT items. Following many prior delays granted by the DSB, both sides requested more time until April 25, 2025, in a recent conference in Geneva, to enable a consensual settlement of the issue. On April 17, 2023, the EU, Japan, and Chinese Taipei filed a lawsuit claiming that Indias import taxes on certain ICT items violated international trade standards. India claims it is exempt from the requirement to remove customs taxes since these goods fall under the WTOs Information Technology Products ITA1 accord. Read More..

B2B Tech News | 2 months ago      

HSBC Reports 10% Profit Surge in Q3, Posts $8.5 Billion Pretax Profit, Beats Analyst Expectations

In the third quarter, HSBC Holdings beat analyst projections of $7.6 billion with a pretax profit of $8.5 billion, up 10% from $7.7 billion the previo

In the third quarter, HSBC Holdings beat analyst projections of $7.6 billion with a pretax profit of $8.5 billion, up 10% from $7.7 billion the previous year. With a strong emphasis on Asia, the Londonbased bank announced a $3 billion share purchase in addition to its $6 billion program. After the findings, Hong Kong equities increased by more than 2%. The banks activities were merged to improve efficiency and reduce expenses, and its geographic emphasis was divided under the new CEO, Georges Elhedery. Although interest rates are expected to fluctuate, HSBC hopes to maintain a return on tangible equity in the midteens for 2024 and 2025. The bank per share will distribute a 10cent interim dividend. Read More..

B2B Tech News | 2 months ago      

AT&T Signs $1 Billion Deal with Corning to Boost Fiber Internet Services Amid Stagnant Wireless Market

A $1 billion multiyear deal has been reached between AT&T and Corning to improve AT&Ts highspeed internet services by acquiring fibre, cable, and conn

A $1 billion multiyear deal has been reached between AT&T and Corning to improve AT&Ts highspeed internet services by acquiring fibre, cable, and connection technologies. As the U.S. cellphone industry slows and broadband firms like Comcast gain market share, AT&T and rival Verizon focus on highspeed internet. As demand for packaged services that combine fibre internet with cellular plans continues to rise, the alliance seeks to lower implementation costs while facilitating network growth and performance improvements. AT&T will achieve 30 million fibre passings by 2025, with 28.3 million reported in the third quarter. However, subscriber additions did not meet estimates because of a labour stoppage that affected fibre installations. Read More..

B2B Tech News | 2 months ago      

APT29 Launches Phishing Campaign Targeting Military and Government Sectors in Ukraine

Thousands of targets in the military, government, and business sectors have been aggressively phished by the Russian advanced persistent threat APT or

Thousands of targets in the military, government, and business sectors have been aggressively phished by the Russian advanced persistent threat APT organisation APT29. A branch of the Russian Federations Foreign Intelligence Service SVR, this notable threat actor known as Midnight Blizzard, Nobelium, and Cosy Bear is responsible for significant hacks, including SolarWinds and the Democratic National Committee DNC. Utilising malicious domain names that pose as Amazon Web Services AWS, APT29 has been utilising phishing attacks to target critical credentials in Ukraines military and government sectors. In addition to providing integration advice for Microsoft and AWS services, the emails included attachments intended to connect to APT29 servers using Remote Desktop Protocol RDP. To reduce dangers, experts advise prohibiting RDP files at email gateways. Read More..

B2B Tech News | 2 months ago      

Ola Electric Launches Digital Twin Platform on NVIDIA Omniverse to Transform Manufacturing

Ola Electric has revolutionised its production processes and product lifecycle by launching the Ola Digital Twin platform on NVIDIA Omniverse. To opti

Ola Electric has revolutionised its production processes and product lifecycle by launching the Ola Digital Twin platform on NVIDIA Omniverse. To optimise Olas Futurefactorys facility design, equipment layouts, and computer visionbased quality checks, Krutrim AI and NVIDIA technologies are integrated to build digital twin environments. The platform allows autonomous mobile robots and robotic arms to carry out intricate tasks by utilising AI and simulation tools for kinematics and synthetic data production. Ola Digital Twin can reduce manufacturing timetomarket by more than 20% by simulating robotic weld lines and inspections before deployment. Additionally, it can simulate heat to create sophisticated cooling systems for Olas Krutrim data centres, and it speeds up AI model training by creating artificial assets. Read More..

B2B Tech News | 2 months ago      

Meta’s NotebookLlama Turns PDFs into PodcastStyle Audio with Dual AI Hosts

A new opensource AI application called NotebookLlama from Meta creates an audio podcast from PDF files by having two AI hosts chat. NotebookLlama, bui

A new opensource AI application called NotebookLlama from Meta creates an audio podcast from PDF files by having two AI hosts chat. NotebookLlama, built using three Llama 3.1 models, produces a podcaststyle transcript, preprocesses the PDF, and converts it to audio using Parler TTS. It was created to compete with Googles NotebookLM and to increase the accessibility of textbased content in audio format. The suggested configuration calls for a robust GPU and about 140GB of RAM, while lowerend devices may be utilised at the expense of quality. Robotic audio and overlapping speech were identified as problems in early feedback Meta intends to fix these in subsequent versions by enhancing the texttovoice pipeline and expanding file format support. Read More..

B2B Tech News | 2 months ago      

Android 16 May Bring Rich Ongoing Notifications, Echoing Apple’s Dynamic Island

Like Apples Dynamic Island on iPhones, Android 16 may let thirdparty apps use Rich Ongoing alerts, a feature that allows for dynamic, customisable ale

Like Apples Dynamic Island on iPhones, Android 16 may let thirdparty apps use Rich Ongoing alerts, a feature that allows for dynamic, customisable alerts in the status bar. This feature, included in the Android 15 QPR1 Beta 3 update, may enable developers to customise status bar alerts with unique text, colours, and viewable icons without launching the app. Users may be able to see the ETA for an Uber trip or the aircraft boarding timer right on the status bar, for instance. The functionality is now inaccessible to thirdparty apps, and its eventual inclusion in Android 16 is still up in the air pending Googles official approval. Read More..

B2B Tech News | 2 months ago