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GLOBAL NEWS

C&M Software Resumes Operations After Cyberattack Hits 6+ Brazilian Banks

After more than two dozen financial institutions services were interrupted by a hack, Brazilian tech company C&M Software has reopened. After learning

After more than two dozen financial institutions services were interrupted by a hack, Brazilian tech company C&M Software has reopened. After learning of the July 2 attack, which entailed the fraudulent use of customer credentials to gain access to systems, Brazils central bank temporarily suspended access to C&Ms infrastructure. All security protocols were engaged and core systems remained intact, according to the company, which helps institutions without direct connectivity. Reserve accounts used for interbank settlements were accessed without authorisation by six banks, including BMP nonetheless, no client money or internal balances were impacted. While investigations are ongoing, C&M is assisting authorities, including São Paulo police. Rising cybersecurity concerns in Brazils quickly digitising financial industry are highlighted by the event. Read More..

B2B Tech News | 3 days ago      

U.S. Lifts Chip Software Ban as Cadence, Synopsys Restore Access in China

With the lifting of export restrictions on chip design software to China, Cadence Design Systems has started to give its impacted Chinese clients acce

With the lifting of export restrictions on chip design software to China, Cadence Design Systems has started to give its impacted Chinese clients access again. Confirmed by Cadence, Synopsys, and Siemens, the rollback is part of a larger U.S.China trade deal that also involves Chinas restarted exports of rare earth elements. When the limits were put in place in May 2025, sales of electronic design automation EDA tools—which are essential for the production of semiconductors—were stopped. Shares of Cadence and Synopsys have increased by more than 5%, indicating a thaw in tech tensions. The three companies own more than 80% of Chinas EDA sector, and the move is anticipated to reduce supply chain interruptions while preserving American oversight of technologies that could be used in military or artificial intelligence applications. Read More..

B2B Tech News | 3 days ago      

IMF Warns U.S. Tax Bill Defies Fiscal Discipline, Adds $3.4T to Deficit

Known as the "One Big Beautiful Bill," the U.S. just passed a tax and spending plan that contradicts the IMFs recommendations for fiscal restraint. It

Known as the "One Big Beautiful Bill," the U.S. just passed a tax and spending plan that contradicts the IMFs recommendations for fiscal restraint. It is anticipated that the measure, which adds new benefits and extends the tax cuts from 2017, will increase the deficit by $3.4 trillion over the following ten years. IMF spokeswoman Julie Kozack called for a realistic plan to eliminate chronic deficits and stressed the need for the United States to lower its debttoGDP ratio, which is currently approaching 98%. Even for middleclass taxpayers, the Fund has historically advocated tax increases. The plan will stimulate economy, according to U.S. Treasury Secretary Scott Bessent, who rejected the worries. In its July World Economic Outlook report, the IMF will evaluate its effects. Read More..

B2B Tech News | 3 days ago      

Switzerland Races to Avert 31% U.S. Tariff While Preserving EU Trade Ties

While carefully maintaining its links with the European Union, its biggest trading partner, Switzerland is negotiating a trade pact with the United St

While carefully maintaining its links with the European Union, its biggest trading partner, Switzerland is negotiating a trade pact with the United States to avert an impending 31% tariff. The recent approval of a significant change to Swiss trade policy with the EU by the cabinet has complicated negotiations with Washington. More access for U.S. citrus and seafood is one concession officials are considering, but they maintain that any agreement must respect multilateral principles and not jeopardise EU accords. Prior to the July 9 deadline, Swiss politicians aim to avoid more severe penalties, although the present 10% baseline tax may be maintained. To keep Swiss companies from lagging behind EU rivals in the U.S. market, business associations are calling for a prompt resolution, given the significant pharmaceutical exports at risk. Read More..

B2B Tech News | 3 days ago      

BRICS to Launch NDBBacked Guarantee Fund to Unlock Private Investment

To increase investment in member countries and reduce financing costs, BRICS plans to establish a Multilateral Guarantee Fund supported by the New Dev

To increase investment in member countries and reduce financing costs, BRICS plans to establish a Multilateral Guarantee Fund supported by the New Development Bank NDB. By reducing investor risk, the fund, which is modelled after the World Banks MIGA, seeks to draw private investment for development, infrastructure, and climate initiatives. It is pending final approval from the BRICS finance ministers, which is merely a formality, after receiving technical approval. The project is expected to mobilise $5–$10 in private investment for every $1 in guarantees, leveraging current NDB resources rather than requiring additional funding. The fund will be emphasised during the next BRICS summit in Rio, indicating the blocs intention to increase its worldwide impact and financial cooperation. Read More..

B2B Tech News | 3 days ago      

Ishiba Rebuts Trump’s Trade Claims as July 9 Tariff Deadline Looms

As the expiration of a 24% reciprocal tariff halt on Japanese imports approaches on July 9, Japanese Prime Minister Shigeru Ishiba said that U.S. Pres

As the expiration of a 24% reciprocal tariff halt on Japanese imports approaches on July 9, Japanese Prime Minister Shigeru Ishiba said that U.S. President Donald Trump might be confused about trade issues. Trump asserted that Japan doesnt utilise American automobiles or purchase American rice, claims Ishiba denied, pointing out that domestic shortages had lately forced Japan to import record amounts of American rice. Despite Trumps threats of 30–35% tariffs, Ishiba stressed that talks are moving forward without providing specifics. The conflict revolves around trade in cars and agricultural products, and Japan is refusing to make any compromises before its upper house election on July 20. Ishiba emphasised that Japan is the biggest foreign investor in the United States and reiterated its dedication to safeguarding national interests. Read More..

B2B Tech News | 3 days ago      

Lula Urges Mercosur to Deepen Ties With Asia, Citing Global Value Chain Shift

Brazilian President Luiz Inácio Lula da Silva called Asia the "dynamic centre" of the world economy and urged the South American bloc to strengthen i

Brazilian President Luiz Inácio Lula da Silva called Asia the "dynamic centre" of the world economy and urged the South American bloc to strengthen its links with it during the Mercosur meeting in Buenos Aires. In order to improve involvement in global value chains, he underlined deeper integration with China, South Korea, India, Vietnam, Indonesia, Japan, and others. Assuming Mercosurs rotational presidency, Lula also promised to modernise digital payment systems, increase collaboration with Canada and the UAE, and complete the EUMercosur trade agreement. Combating organised crime, advancing technological advancement, and addressing climate change are all on his agenda. Argentinas president, Javier Milei, threatened to pursue a unilateral U.S. trade accord if Mercosur delays, highlighting regional tensions during the conference. Read More..

B2B Tech News | 3 days ago      

North Korean Hackers Deploy NimDoor Malware to Target Mac Users and Crypto Firms

Using a new malware outbreak named NimDoor, North Korean hackers are aiming to steal private data and cryptocurrencies from Mac users. SentinelLabs fo

Using a new malware outbreak named NimDoor, North Korean hackers are aiming to steal private data and cryptocurrencies from Mac users. SentinelLabs found NimDoor, which is developed in the obscure Nim programming language to avoid detection and employs asynchronous sleep timers and AppleScript for persistence and stealth. The attack starts with Telegram, where users are misled into installing a phoney update that spreads malware after being tricked into attending phoney Zoom meetings. Following installation, it exfiltrates information such as cookies, browsing history, Telegram data, and Keychain passwords. This activity is part of a growing trend of North Korean cyber operations that target Web3 companies between 2021 and 2025, groups like Lazarus were implicated in over $3.4 billion worth of cryptocurrency heists. Read More..

B2B Tech News | 3 days ago