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Challenges Mount South African Business Sentiment Falls Despite Rate Hikes

South African business sentiment declined unexpectedly in Q4 as newvehicle dealers confidence hit its lowest since the pandemics peak. The business co

South African business sentiment declined unexpectedly in Q4 as newvehicle dealers confidence hit its lowest since the pandemics peak. The business confidence index dropped to 31, below expectations, with dealers registering a mere 6 index points due to subdued demand amid consumer income pressures and higher interest rates. The Reserve Bank raised rates significantly since November 2021, impacting sales. Poor trading conditions persist, compounded by logistical hurdles like port delays and infrastructure issues. This decline hints at slowed GDP growth, indicating ongoing economic challenges. Read More..

B2B Tech News | 3 months ago      

HanesBrands and DXC Forge Alliance to Digitize Global Workforce Experience

HanesBrands and DXC Technology extended their partnership for five years, focusing on digitizing HanesBrands’ global workforce experience using DXCâ

HanesBrands and DXC Technology extended their partnership for five years, focusing on digitizing HanesBrands’ global workforce experience using DXC’s Modern Workplace solutions. This collaboration aims to enhance employee collaboration, productivity, and operational efficiency across 32 countries. The implementation includes DXC UPTime for costefficient support services and ServiceNow for improved employee collaboration. HanesBrands’ CIO Subra Goparaju highlighted investments in automation and AI driving operational efficiencies and global expansion. DXCs Andrew Wilson emphasized modernizing operations and IT support centralization, aiming to offer seamless services and improve employee focus. Read More..

B2B Tech News | 3 months ago      

Nvidias Record Revenue Hits $20 Billion, Falls Shy of Lofty Investor Predictions

Nvidia Corporations latest quarterly report, surpassing analysts average predictions with a revenue forecast of $20 billion, saw a lukewarm response f

Nvidia Corporations latest quarterly report, surpassing analysts average predictions with a revenue forecast of $20 billion, saw a lukewarm response from investors expecting even higher figures, causing a 3% stock drop. Despite remarkable growth—revenue tripling to $18.1 billion and profits at $4.02 per share—some anticipated more explosive sales due to the AI boom, causing elevated stock prices. Analysts noted the impressive results considering USChina restrictions impacting sales. Nvidia unveiled chips tailored for China, aiming to revitalize the market. While its data center division soared, concerns arose about future sales due to US export curbs impacting about a quarter of its data center revenue, prompting strategic adjustments. Read More..

B2B Tech News | 3 months ago      

AI Integration Google Preps Advanced Settings Section in Chrome

Google is expanding its AI integration across its products, reportedly planning to introduce AIdriven features in Chrome. A users post on social media

Google is expanding its AI integration across its products, reportedly planning to introduce AIdriven features in Chrome. A users post on social media platform X indicates the development of an AI settings section within Chrome, accessible to select testers via hidden developer flags. Referred to as "Advanced," this setting, identified through the URL chrome//settings/ai, remains in early stages according to a video shared in the post. The forthcoming settings may include an AIpowered tab organization tool, previously seen in development under the Search tab chevron interface. Once live, users are expected to see an "organize tabs" button after opening multiple tabs, automatically sorting them. While details on the AI involvement in this feature are unclear, its anticipated to utilize machine learning algorithms. Read More..

B2B Tech News | 3 months ago      

Tech Urgency Report Calls for US Advancements to Stay Ahead of China

An Eric Schmidtbacked report stresses the USs urgency to achieve key technological advancements, such as a functional quantum computer by 2028, to sur

An Eric Schmidtbacked report stresses the USs urgency to achieve key technological advancements, such as a functional quantum computer by 2028, to surpass China and safeguard national security. It advocates for significant strides in computational efficiency and advanced electronics. Emphasizing the tech race with China, the report likens it to past monumental projects and alerts to Chinas technological rise fueled by domestic industry and global espionage. It urges transparency in hardware sourcing, proposing legislative or executive actions for disclosure, aiming to fortify US leadership amidst manufacturing challenges and Chinas quantum computing ambitions. Read More..

B2B Tech News | 3 months ago      

Nissan Unveils Ambitious ÂŁ1 Billion Plan for Electric Qashqai and Juke Models

On Friday, Nissan is expected to declare that it will start producing electric Qashqai and Juke vehicles at its northern English facility in Sunderlan

On Friday, Nissan is expected to declare that it will start producing electric Qashqai and Juke vehicles at its northern English facility in Sunderland. According to sources, the British government is poised to guarantee the companys investment of more than ÂŁ1 billion $1.25 billion in the project. This action aligns with Nissans larger strategy to manufacture electric vehicles EVs and meet the rising demand for EVs in Europe. Nissan already has a sizable production facility in Sunderland, so this move is considered a calculated step towards electric vehicles. Read More..

B2B Tech News | 3 months ago      

Silvergate Capital Completes Deposit Repayment, Winds Down Operations

As part of its plan to shut down operations, the cryptocurrencyfocused bank Silvergate Capital has declared that it has fully settled all outstanding

As part of its plan to shut down operations, the cryptocurrencyfocused bank Silvergate Capital has declared that it has fully settled all outstanding deposit liabilities. Following the demise of cryptocurrency exchange FTX, which resulted in the withdrawal of nearly $8 billion in deposits from investors, the bank announced a $1 billion quarterly loss earlier this year. With less than $10,000, Silvergate is still concentrating on carrying out the bank liquidation procedure. Significant losses in the cryptocurrency market in 2022 added to the difficulties organisations involved in the space encountered. Read More..

B2B Tech News | 3 months ago      

Indias DGGI Issues $90 Million Tax Notices to Zomato and Swiggy

Zomato and Swiggy, two food delivery services, are allegedly the target of letters from Indias Directorate General of GST Intelligence DGGI about unpa

Zomato and Swiggy, two food delivery services, are allegedly the target of letters from Indias Directorate General of GST Intelligence DGGI about unpaid taxes totalling around 7.5 billion rupees $90 million. Concerning the supply of a service for which the firms are subject to pay goods and services tax GST from July 2017 to March 2023, the DGGI has submitted tax demands totalling over 4 billion rupees to Zomato and around 3.5 billion rupees to Swiggy. Neither company has yet to provide a statement on the issue. Read More..

B2B Tech News | 3 months ago