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GLOBAL NEWS

Sunac China Shares Plunge 30% Following Liquidation Petition Filed by StateOwned Unit

Sunac Chinas stock fell as much as 30% on Friday after a liquidation petition was filed against the highly indebted developer. A hearing is slated for

Sunac Chinas stock fell as much as 30% on Friday after a liquidation petition was filed against the highly indebted developer. A hearing is slated for 19 March, and a stateowned China Cinda Asset Management division filed the case. Sunacs stock dropped HK$1.23, the most precipitous drop since 8 October. Amid a severe financial crisis in Chinas real estate market, other Chinese developers, such as Country Garden and SinoOcean, have also been subject to liquidation applications. Homebuyer confidence is still low despite government efforts to boost the faltering industry. According to reports, Sunacs efforts to restructure its debt may be complicated if it fails to meet the September maturity date of an offshore bond. Read More..

B2B Tech News | 3 months ago      

Hippocratic AI Reaches $1.64 Billion Valuation Following Successful Series B Funding Round

Following a recent Series B fundraising round headed by Kleiner Perkins, which has backed businesses like Google and Amazon, Hippocratic AI has reache

Following a recent Series B fundraising round headed by Kleiner Perkins, which has backed businesses like Google and Amazon, Hippocratic AI has reached a valuation of $1.64 billion. With $141 million raised, the company has $278 million in total capital. This round also included participation from current investors, such as A16z, General Catalyst, and NVIDIA. Technologyfocused startups like Hippocratic AI have benefited from the surge in artificial intelligence investments, especially since the launch of OpenAIs ChatGPT in 2022. The company, cofounded by CEO Munjal Shah and a group of medical professionals and AI researchers from Stanford, Johns Hopkins, and El Camino Health, aims to use AI to improve healthcare delivery. Read More..

B2B Tech News | 3 months ago      

Nigeria and China Strengthen Ties in Clean Energy, Defense, and Finance with Panda Bond Support

With China agreeing to back Nigerias issuing Panda bonds for infrastructure funding, the two countries are poised to expand their collaboration in cle

With China agreeing to back Nigerias issuing Panda bonds for infrastructure funding, the two countries are poised to expand their collaboration in clean energy, defence, and finance. At a press conference, Chinese Foreign Minister Wang Yi and Nigerian Foreign Minister Yusuf Tuggar made this declaration. Wangs trip to Nigeria is a component of a fournation tour designed to increase Chinas clout in Africa. After highlevel talks and exchanges, the two nations recently upgraded their relationship to a "comprehensive strategic partnership." Wang added that China would be open to extending a currency swap arrangement with Nigeria. Regarding security matters, he reiterated Chinas backing for Nigeria in advancing regional harmony and stability via development projects. Read More..

B2B Tech News | 3 months ago      

MANTRA Partners with DAMAC Group to Tokenize $1 Billion in RealWorld Assets in the Middle East

To tokenise at least $1 billion worth of assets in the Middle East, MANTRA, a blockchain platform specialising in realworld assets RWAs, has teamed up

To tokenise at least $1 billion worth of assets in the Middle East, MANTRA, a blockchain platform specialising in realworld assets RWAs, has teamed up with Dubais DAMAC Group. This partnership allows RWA ownership rights to be transformed into blockchainbased digital tokens, facilitating online ownership and trading. One of Dubais most prominent developers, DAMAC, invests significantly in data centres worldwide. The business will list its Middle Eastern assets early this year on the MANTRA chain. In the past, MANTRA and MAG Property Development collaborated to tokenise $500 million worth of real estate assets, beginning with a Dubai residential property. This project supports the UAEs goal of becoming a global centre for cryptocurrencies and digital assets. Read More..

B2B Tech News | 3 months ago      

Bank of America Set to Boost Investment Bankers’ Bonus Pool by 10% for Previous Year

Sources familiar with the situation have stated that Bank of America BAC.N is anticipated to raise its bonus pool for investment bankers by roughly 10

Sources familiar with the situation have stated that Bank of America BAC.N is anticipated to raise its bonus pool for investment bankers by roughly 10% over the previous year. Some bankers may receive rewards in the midtohigh single digits, while top performers may earn much more, even though the average rise is 10%. Bonus payments are scheduled for February after the banks 16 January fourthquarter earnings report. Global banks are benefiting from more mergers, acquisitions, and bond and equity underwriting, which is why bonuses are rising. With $1.4 billion in fourthquarter investment banking fees, up from $958 million the previous year, Bank of America Securities entered third place internationally. Read More..

B2B Tech News | 3 months ago      

Ivanti Warns of Critical VPN Vulnerability Actively Exploited by Threat Actors

Regarding a serious flaw in their VPN gear that is being actively used to spread malware, Ivanti has issued a warning. Because of its potential for un

Regarding a serious flaw in their VPN gear that is being actively used to spread malware, Ivanti has issued a warning. Because of its potential for unauthenticated remote code execution, CVE20250282 has been rated 9.0 critical, whereas CVE20250283 affects Ivanti Connect Secure VPN appliances. Following their collaboration with Mandiant, which verified that several threat actors were exploiting the first vulnerability, Ivanti advises clients to deploy updates immediately. Data exfiltration has been carried out by the Chineseaffiliated group UNC5221, which has previously targeted public sector, healthcare, and telecommunications companies. Mandiant also reported the novel malware versions DRYHOOK and PHASEJAM that emerged from these attacks. Read More..

B2B Tech News | 3 months ago      

Google Cloud and Uttar Pradesh Launch India’s First Open Network for Agriculture

An Open Network for Agriculture powered by Gemini and Beckn is being launched by Google Cloud and the Uttar Pradesh government, providing millions of

An Open Network for Agriculture powered by Gemini and Beckn is being launched by Google Cloud and the Uttar Pradesh government, providing millions of farmers easy access to market connections, loans, mechanisation, and consulting services. With voice command access in several languages, Indias firstofitskind Digital Public Infrastructure DPI for agriculture promotes inclusion. Based on Googles Gemini framework and the Beckn Protocol, this open, decentralised network encourages innovation and enables any service provider to interact with farmers. Chief Secretary Manoj Kumar Singh emphasised its ability to double farmers income, while Google Cloud executives stressed how AI may revolutionise agriculture. It can yield populationscale impact, boosting Indias agricommerce sector, according to FIDEs Sujith Nair. Read More..

B2B Tech News | 3 months ago      

Japan Links 200+ Cyberattacks to MirrorFace, Exposing National Security Vulnerabilities

The Japanese government has implicated the hacker collective MirrorFace in more than 200 cyberattacks between 2019 and 2024 that targeted vital infras

The Japanese government has implicated the hacker collective MirrorFace in more than 200 cyberattacks between 2019 and 2024 that targeted vital infrastructure, including the space agency, the Foreign and Defence Ministries, private businesses, and politicians. The gang targeted sensitive national security and technology data with spearphishing tactics that used emails infected with malware. These instances highlight Japans cybersecurity flaws, especially in light of its efforts to fortify defences and military partnerships. These dangers were recently brought to light by proRussian hackers who launched DDoS attacks against government organisations. Targeting wellknown companies like Casio, NTT Docomo, and Japan Airlines highlights the importance of strong defences. Experts urge increased governmentindustry cooperation to protect Japans vital infrastructure and technological innovations from growing cyber threats. Read More..

B2B Tech News | 3 months ago