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GLOBAL NEWS

Machu Picchu is reopened by Peru following a settlement with protesters.

Machu Picchu, a stone citadel built by the Incas in Peru, reopened on Wednesday after being shut down for over a month as a result of antigovernment d

Machu Picchu, a stone citadel built by the Incas in Peru, reopened on Wednesday after being shut down for over a month as a result of antigovernment demonstrations. In order to ensure the security of the renowned tourist destination and transportation services, agreements were negotiated between the authorities, social organisations, and the local tourism business. Sixty people have died as a result of the protests, including one police officer who was slain when his patrol car was set on fire and 48 citizens who were killed in conflicts with security personnel. Because to the shutdown, the government was compelled to fly more than 400 tourists to Cusco. The Incas constructed Machu Picchu in the 15th century as a sacred site in the Andes Mountains. Read More..

B2B Tech News | 8 months ago      

Vertiv introduces a new product to support data center energy efficiency.

The improved Vertiv Liebert Air Handling Unit AHU, a highcapacity chilled water cooling solution made to serve highly dense computing environments, ha

The improved Vertiv Liebert Air Handling Unit AHU, a highcapacity chilled water cooling solution made to serve highly dense computing environments, has been introduced by Vertiv. It is now offered in the Australia, New Zealand, Southeast Asia, and India ASI region and has a standard unit capacity of 300kW. It operates at greater return air temperature and with higher chilled water temperature, enhancing chiller efficiency. It uses water or airside economies and highefficiency EC fans. It is intended to meet the strictest fan efficiency requirements, up to 0.2 W/CMH. The Vertiv Liebert AHU is an easytoadapt cooling solution that has a smaller unit depth, is placed modularly, and doesnt require raised floors. Read More..

B2B Tech News | 8 months ago      

South Africa is disintegrating.

The head of South African President Cyril Ramaphosas infrastructure and investment office has warned that the countrys power, rail, and water reticula

The head of South African President Cyril Ramaphosas infrastructure and investment office has warned that the countrys power, rail, and water reticulation systems are in disrepair and will take years to repair. Kgosientsho Ramokgopa gave the countrys infrastructure a D grade, citing deterioration in ports, freight rail lines, power plants, metropolitan roads, state schools, and waste collection. Public hospitals were also found to be in disrepair. South Africa is currently experiencing its worstever power outages, and coal exports are expected to fall to a 30year low in 2022 as a result of the national freight rail companys poor performance. With insufficient capacity, skills, and an inefficient regulatory and policy framework, the government is illequipped to address the issues. Read More..

B2B Tech News | 8 months ago      

Neal Mohan, who is of Indian descent, will succeed Susan Wojcicki as CEO of YouTube.

Susan Wojcicki, CEO of YouTube, is stepping down after nine years in the position, and Neal Mohan, Chief Product Officer, will take over. Mohan, a Sta

Susan Wojcicki, CEO of YouTube, is stepping down after nine years in the position, and Neal Mohan, Chief Product Officer, will take over. Mohan, a Stanford graduate, has previously worked for Microsoft, Stitch Fix, and 23andMe. He will concentrate on viewing time, such as the popular shortform video app TikTok and streaming services such as Netflix. The change in Alphabet Inc. shares following the news is very small, less than 1%. Read More..

B2B Tech News | 8 months ago      

EU Antitrust Probe Involved in $20 Billion AdobeFigma Deal.

Adobe Inc.s proposed $20 billion acquisition of design firm Figma Inc. faces a lengthy European Union investigation after the blocs antitrust watchdog

Adobe Inc.s proposed $20 billion acquisition of design firm Figma Inc. faces a lengthy European Union investigation after the blocs antitrust watchdog raised concerns about the deal. The deal, according to European Commission, could significantly affect competition in the market for engaging design and mind mapping software. The transaction is also being scrutinised by the US Justice Department and the UKs Competition and Markets Authority. Adobe is still in talks with regulators in the United States, the United Kingdom, and the European Union, and the transaction is expected to close in 2023. Read More..

B2B Tech News | 8 months ago      

With its new MDR division, Ontinue, Open Systems continues to advance.

Ontinue claims to be the only managed extended detection and response MXDR provider that uses AIdriven automation, human expertise, and the Microsoft

Ontinue claims to be the only managed extended detection and response MXDR provider that uses AIdriven automation, human expertise, and the Microsoft security platform to continuously assess and protect an organizations environment while also advancing its security posture for digital transformation.  In contrast to other MDR services currently available, Ontinues newly launched MXDR service, Ontinue ION, provides Nonstop SecOps with 24/7, alwayson protection.  Instead of trying to force customers to send their data to a backup SIEM, Ontinue ION uses a customers own Microsoft Sentinel as the source of truth allowing security teams to keep control of their data. Read More..

B2B Tech News | 8 months ago      

Jumia, an online retailer based in Africa, reduced losses in the fourth quarter.

In the fourth quarter of 2021, Jumia Technologies, the first tech startup with an emphasis on Africa to be listed on the New York Stock Exchange, repo

In the fourth quarter of 2021, Jumia Technologies, the first tech startup with an emphasis on Africa to be listed on the New York Stock Exchange, reported an adjusted loss before interest, tax, depreciation, and amortisation of $49.2 million. It is engaged in a vigorous costsaving campaign that includes decreasing headcount, reducing offerings like groceries, and cutting back on delivery services unrelated to its ecommerce company. It anticipates a significant decrease in the yearly adjusted EBITDA loss from $207 million in 2022 to $100120 million in 2023. Read More..

B2B Tech News | 8 months ago      

Asias stock markets mainly rise as U. S. Sales increase while Japans trade deficit is at an alltime low.

Asia Pacific markets were mostly higher on Thursday as investors digested Japans record trade deficit of 3.5 trillion yen $26 billion and Wall Streets

Asia Pacific markets were mostly higher on Thursday as investors digested Japans record trade deficit of 3.5 trillion yen $26 billion and Wall Streets strongerthanexpected retail sales report. In Japan, the Nikkei 225 gained 0.71%, the Topix gained 0.68%, and the S&P/ASX 200 gained 0.79%. The Hang Seng index in Hong Kong erased some of its earlier gains and closed 0.9% higher, with the Hang Seng Tech index rising 1.95%. The central bank of the Philippines raised its benchmark interest rate by 50 basis points to 6%. The Philippines central bank raised its benchmark interest rate by 50 basis points to 6% in January, as inflation reached 8.7%, its highest level since October 2008. Read More..

B2B Tech News | 8 months ago