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GLOBAL NEWS

Deutsche Bank Reports First Net Loss in Four Years €143 Million for Q2

Deutsche Bank ended a 15quarter profit run with a Q2 net loss of €143 million. Its first loss in four years was caused by the bank having to put asi

Deutsche Bank ended a 15quarter profit run with a Q2 net loss of €143 million. Its first loss in four years was caused by the bank having to put aside €1.3 billion for ongoing investor litigation about its acquisition of Postbank. Deutsche Bank raised its annual projection for credit loss provisions even though the actual loss was smaller than the projected €280 million. According to CEO Christian Sewing, the bank is on pace to accomplish its 2025 goals and shareholder commitments. Ongoing legal battles over the Postbank acquisition have increased losses and resulted in operational problems and regulatory scrutiny. Revenues from business and retail banking fell while those from the investment bank increased by 10%. Read More..

B2B Tech News | 3 months ago      

Visas Net Revenue Falls Short of Forecasts, Leading to PostEarnings Decline

As expected by Wall Street, Visas revenue for the third quarter was missed, which is unusual for the most significant payment processor in the world.

As expected by Wall Street, Visas revenue for the third quarter was missed, which is unusual for the most significant payment processor in the world. The companys afterhours share price fell 4.6% due to its $8.90 billion net sales, which fell short of the $8.92 billion expected. Higher borrowing rates, which affect consumer spending, especially among lowerincome groups, were blamed for this shortage. Visas growth was steady among highspenders while slightly down in lowerspend categories. A downturn was also seen in the AsiaPacific region, particularly in mainland China. Despite this, Visa reported a 14% increase in crossborder transactions and a 7% increase in payment volume, and they anticipate "low doubledigit" revenue growth in the upcoming quarter. Read More..

B2B Tech News | 3 months ago      

Finance Minister Nirmala Sitharaman Revises Income Tax Slabs, Increases Standard Deduction

Nirmala Sitharaman, the finance minister, updated the tax system recently, changing the income tax brackets but leaving the tax rates unaltered. With

Nirmala Sitharaman, the finance minister, updated the tax system recently, changing the income tax brackets but leaving the tax rates unaltered. With the 5% tax rate being the same, the lower tax slab threshold went from ₹36 lakh to ₹37 lakh. Under the new system, the standard deduction for salaried employees went up from ₹50,000 to ₹75,000, while the deduction for family pensioners went up from ₹15,000 to ₹25,000. With these adjustments, around four crore salaried persons and retirees will receive relief, with those earning ₹15 lakh, possibly saving as much as ₹17,500. A ₹20lakh threshold was also created to mitigate the penalty for minor nondisclosures related to tiny foreign assets. Read More..

B2B Tech News | 3 months ago      

EvilVideo Exploit in Telegram for Android Exposes Users to Malware via Video Files

Researchers at cybersecurity company ESET found the EvilVideo flaw in Telegram for Android, allowing hackers to use malware that appeared as video fil

Researchers at cybersecurity company ESET found the EvilVideo flaw in Telegram for Android, allowing hackers to use malware that appeared as video files. Attackers might insert harmful payloads into movies using a vulnerability on the dark web, which would cause Telegram to ask permission to install thirdparty apps when the file would not play. This flaw was made publicly available with images and a video demonstration, which may have affected many users. Telegram swiftly issued a patch to fix the vulnerability on July 11 after ESET discovered the attack on June 26. To safeguard users against new dangers, this event emphasises how important it is to provide regular updates and take proactive security measures. Read More..

B2B Tech News | 3 months ago      

Level AI Revolutionizes Contact Centers with Advanced Algorithms for Enhanced Efficiency

To solve significant contact centre issues and improve productivity and customer happiness, Level AI is utilising cuttingedge algorithms. Utilising co

To solve significant contact centre issues and improve productivity and customer happiness, Level AI is utilising cuttingedge algorithms. Utilising consumer contacts to pinpoint problems and areas for development, the companys technology focuses on analysis. Contact centre representatives may enhance their performance and handle problems more successfully with the realtime insights and suggestions that Level AIs AI technology offers. Improved customer experiences result from this strategy, which helps contact centres handle a more significant volume of contacts with more accuracy. The scalable and flexible architecture allows the technology to meet the unique requirements of various industries. Read More..

B2B Tech News | 3 months ago      

WhatsApp to Introduce AirDropLike File Sharing Feature for Android and iPhone

It has been rumoured that WhatsApp is working on an AirDroplike functionality that would allow users of iPhones and Android smartphones to share files

It has been rumoured that WhatsApp is working on an AirDroplike functionality that would allow users of iPhones and Android smartphones to share files seamlessly across them. This new feature is anticipated to make file, photo, and video transfers easier without requiring an internet connection—akin to the simplicity of Apples AirDrop. By facilitating rapid and simple sharing across adjacent devices using Bluetooth and WiFi Direct technologies, the functionality is expected to improve user experience. The update is in line with WhatsApps continuous attempts to enhance its functionality and offer more accessible features for users. Read More..

B2B Tech News | 3 months ago      

Leidos Breach Exposes U.S. Defense Vulnerabilities, Documents Leaked on Dark Web

Documents from Leidos, a significant Pentagon IT services company, have been compromised by hackers. Sensitive data was compromised, which may reveal

Documents from Leidos, a significant Pentagon IT services company, have been compromised by hackers. Sensitive data was compromised, which may reveal weaknesses in US defence efforts. Concerns over data security and national security were raised when it was claimed that the leaked papers were circulated on the dark web. To limit any possible harm, Leidos aggressively looks into the breach and collaborates with federal authorities. This event serves as a reminder of the increasing risk of cyberattacks directed at defence contractors and vital infrastructure. Read More..

B2B Tech News | 3 months ago      

Meta Introduces LLaMA 3 Enhanced Language Model with MultiModal Capabilities

To compete with OpenAIs ChatGPT and Googles Gemini, Meta has released LLaMA 3, their newest big language model. The new paradigm improves language and

To compete with OpenAIs ChatGPT and Googles Gemini, Meta has released LLaMA 3, their newest big language model. The new paradigm improves language and math skills. Text, image, video, and audio processing are all supported by LLaMA 3, which is integrated into Meta AI and provides sophisticated reasoning and multimodal functionality. LLaMA 3 is being made opensource by Meta in contrast to its rivals to foster creativity. In addition to being available on a specific website, it will be available on Meta platforms, including Facebook, Instagram, WhatsApp, and Messenger. Furthermore, Meta AI will be included in the Quest virtual reality platform and RayBan smart glasses. Read More..

B2B Tech News | 3 months ago