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GLOBAL NEWS

Rand Rises 0.4% as South Africa’s Reserves Beat Forecasts

On September 5, the South African rand gained 0.4%, closing at 17.71 versus the US dollar, following central bank data that showed net foreign reserve

On September 5, the South African rand gained 0.4%, closing at 17.71 versus the US dollar, following central bank data that showed net foreign reserves rose from $65.143 billion in July to $65.899 billion in August. Nedbanks prediction of $65.2 billion was surpassed by the increase, which improved investor sentiment. According to Ipsos polling, the rand has already depreciated because of a stronger dollar and waning support for South Africas government of national unity as political disputes damaged public trust. Bearish mood was linked to political and economic uncertainties, according to ETM Analytics. With yields falling 2 basis points to 9.625%, South Africas benchmark 2035 bond likewise saw an increase. Amid wider worries about the volatility of emerging economies, the reserve data assisted in stabilising markets. Read More..

B2B Tech News | 12 days ago      

EU Fines Google €2.95B for Adtech Abuse, Sparks U.S. Trade Tensions

Google was penalised €2.95 billion $3.45 billion by the European Union for abusing its adtech dominance by giving preference to its own display adve

Google was penalised €2.95 billion $3.45 billion by the European Union for abusing its adtech dominance by giving preference to its own display advertising services over rivals. Following recent fines in the U.S. and France, this is Googles fourth significant EU punishment. The European Commission concluded that, starting in 2014, Googles actions hurt publishers, advertisers, and customers. President Trump denounced the ruling and threatened to use a Section 301 investigation to retaliate in trade. Google intends to appeal the decision, claiming it could harm companies in Europe. The business has sixty days to suggest fixes. In order to reestablish fair competition, regulators had previously asked Google to sell off a portion of its advertising business. The case highlights the growing hostilities surrounding Big Tech regulation. Read More..

B2B Tech News | 12 days ago      

ANZ Bank to Cut 3,500 Jobs Under New CEO Nuno Matos

In a significant reorganisation spearheaded by new CEO Maile Carnegie Matos, who assumed leadership in September 2025, Australias ANZ Bank will lay of

In a significant reorganisation spearheaded by new CEO Maile Carnegie Matos, who assumed leadership in September 2025, Australias ANZ Bank will lay off 3,500 employees. In the face of growing competition and pressure from the digital revolution, the layoffs are intended to simplify operations and cut expenses. The majority of impacted positions are in support and backoffice roles, and the bank has promised to provide severance and redeployment benefits. In order to enhance the client experience, Matos underlined the necessity of updating ANZs business strategy and making technological investments. The action comes after similar layoffs at international banks as they adjust to the upheaval caused by fintech and economic uncertainties. The changes, according to analysts, are a reflection of ANZs drive for profitability and agility in a financial environment that is changing quickly. Read More..

B2B Tech News | 12 days ago      

Goldman Sachs Partners with T. Rowe Price to Expand Retirement Product Access

David Solomon, the CEO of Goldman Sachs, declared that the companys alliance with T. Rowe Price will increase investor access to retirementoriented go

David Solomon, the CEO of Goldman Sachs, declared that the companys alliance with T. Rowe Price will increase investor access to retirementoriented goods. In order to better offer a larger clientele looking for retirement planning solutions, the merger combines Goldmans wealth management platform with T. Rowes longterm savings expertise. Solomon underlined the strategic need of fusing individualised financial counselling with institutionalgrade investment instruments. The partnership is a reflection of Goldmans efforts to expand its consumer finance footprint and diversify its sources of income. In light of ageing populations and changing economic situations, it also corresponds with the rising demand for retirement products. The move, according to analysts, is a step towards democratising retirement planning by providing individual investors with more easily accessible options through advisory services and internet platforms. Read More..

B2B Tech News | 12 days ago      

Bank of America Expects 10–15% Jump in Q3 Investment Banking Fees

Due to a resurgence in capital markets activity, Bank of America BofA anticipates that its investment banking fees would increase by 10–15% in Q3 20

Due to a resurgence in capital markets activity, Bank of America BofA anticipates that its investment banking fees would increase by 10–15% in Q3 2025. The bank points to a rise in M&A consulting services as well as a rise in demand for equity and debt underwriting. As lending rates stabilise, more businesses are seeking strategic deals, according to CFO Alastair Borthwick, who has seen an improvement in client interaction. This represents a change from prior quarters when market volatility and economic uncertainty put pressure on fee income. The prediction is in keeping with the general optimism of the sector, as Wall Street banks expect stronger transaction pipelines as the year draws to a close. BofAs outlook indicates a possible recovery in global financial services revenue streams and shows a revived sense of confidence among investors. Read More..

B2B Tech News | 12 days ago      

CERTIn Flags Major Android Vulnerabilities Across Runtime, Kernel, and Chipsets

A highseverity advisory from CERTIn has alerted billions of Android users to several vulnerabilities that impact versions 13 through 16. These defects

A highseverity advisory from CERTIn has alerted billions of Android users to several vulnerabilities that impact versions 13 through 16. These defects affect important parts such as the Qualcomm, MediaTek, Widevine DRM, Android Runtime, and Kernel, among others. Attackers might execute arbitrary code, obtain elevated privileges, steal confidential information, or cause denialofservice attacks if they were to take advantage of this vulnerability. Google has made security patches available, but OEMs like Samsung, Xiaomi, and OnePlus must upgrade their proprietary Android skins before they can be widely used. To reduce hazards, users are highly encouraged to apply the most recent updates right away. In order to prevent widespread exploitation, the advise emphasises how fragmented the Android update environment is and how urgent it is to patch devices on time. Read More..

B2B Tech News | 12 days ago      

Discord Restores Service After HoursLong Outage Disrupts U.S. Users

After a significant outage that affected services for users in the United States, Discord resumed operations on September 8. Widespread connectivity p

After a significant outage that affected services for users in the United States, Discord resumed operations on September 8. Widespread connectivity problems on the site made it unable to access voice channels, chats, or notifications. Users reported server timeouts and unsuccessful login attempts throughout the severalhour outage. Discord stated that systems were back online after internal fixes and recognised the issue on its status page. The business promised users continued surveillance but did not reveal the underlying cause. With Discords expansion into professional and educational use cases, the outage underscores growing worries about reliability in realtime communication services. Social media users annoyance led to demands for better infrastructure and quicker incident response from the business. Read More..

B2B Tech News | 12 days ago      

OpenAI Partners with Broadcom to Launch Custom AI Chip “Arrakis” by 2026

According to a Financial Times story, OpenAI intends to introduce its first proprietary AI chip in 2026, working with Broadcom to create the CPU. Inte

According to a Financial Times story, OpenAI intends to introduce its first proprietary AI chip in 2026, working with Broadcom to create the CPU. Internally codenamed "Arrakis," the chip seeks to maximise performance for OpenAIs expanding AI workloads while lowering dependency on Nvidia. OpenAI will concentrate on architecture specific to their models, while Broadcom will offer design and packaging expertise. As AI companies look for more control over hardware supply chains, the move is indicative of a larger industry trend towards vertical integration. If Arrakis is effective, it might greatly reduce the cost of inference and increase the scalability of systems such as ChatGPT. Additionally, the program demonstrates OpenAIs desire to take on corporate behemoths like Google and Amazon, who already produce proprietary AI chips, more directly. Read More..

B2B Tech News | 12 days ago