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GLOBAL NEWS

Japanese Chip Venture Rapidus Pursues Engineers for Ambitious Revival Plans

To compete with industry leaders like TSMC and revitalise Japans semiconductor sector, the Japanese chip foundry startup Rapidus is aggressively looki

To compete with industry leaders like TSMC and revitalise Japans semiconductor sector, the Japanese chip foundry startup Rapidus is aggressively looking for engineers. With substantial government support, Rapidus wants to produce 2nanometer logic devices in large quantities. But finding engineers is a big problem in a nation where people are dying off. The business has teamed up with IBM and the research group Imec for its efforts. Japan used to hold about 50% of the market share in the worldwide semiconductor industry, but that percentage has since dropped to roughly 10%. Rapidus seeks to remedy this decline. The business is met with scepticism regarding its audacious aspirations for mass manufacturing and client acquisition. Read More..

B2B Tech News | 8 days ago      

Major Ports Operator DP World Australia Hit by Cyber Incident, Operations Halted

Major port operator DP World Australia disclosed that on November 10, it suffered a cyberattack that caused a threeday operating halt. The intrusion i

Major port operator DP World Australia disclosed that on November 10, it suffered a cyberattack that caused a threeday operating halt. The intrusion impacted Melbourne, Sydney, Brisbane, and Fremantle container terminals. The personal information of both current and past workers was accessible. However, customer data was not exposed. According to DP World Australia, the event was limited to its activities in Australia and did not affect the companys other markets. After learning of the intrusion, the firm turned off its internet connection however, as of November 20, the backlog of more than 30,000 containers had been cleared. Read More..

B2B Tech News | 8 days ago      

Australia Proposes Legislation for Monetary Policy Board, Enhancing RBA Independence

A specialised monetary policy board would be established by legislation that the Australian government intends to enact, and it would be in charge of

A specialised monetary policy board would be established by legislation that the Australian government intends to enact, and it would be in charge of determining interest rates at the Reserve Bank of Australia RBA. Intending to strengthen the RBAs independence and streamline its operations, this action complies with the recommendations of a review published in April. Six external members with backgrounds in macroeconomics, finance, labour markets, and the supply side of the economy will make up the proposed Monetary Policy Board MPB. The act eliminates the treasurers authority to override decisions on monetary policy to strengthen the RBAs independence. On July 1, 2024, the adjustments are anticipated to go into effect. Read More..

B2B Tech News | 9 days ago      

ARK Investment and 21Shares Propose 0.80% Fee for ARK 21Shares Bitcoin ETF

If authorities permit ARK Investment Management, run by Cathie Wood, and 21Shares, a Swiss cryptocurrency manager, to launch their planned exchangetra

If authorities permit ARK Investment Management, run by Cathie Wood, and 21Shares, a Swiss cryptocurrency manager, to launch their planned exchangetraded fund ETF for Bitcoin, they want to charge a 0.80% fee. Since 2021, the U.S. Securities and Exchange Commission SEC has denied many proposals for spot bitcoin ETFs due to concerns over potential market manipulation. Expectations, though, have increased that authorities may reconsider. According to recent remarks made by SEC Chair Gary Gensler, the agency is considering about ten spot bitcoin ETF ideas. A final SEC decision on the ARK 21Shares ETF is expected on or before January 10, 2024. In the market, it would encounter competition if approved. Read More..

B2B Tech News | 9 days ago      

Tata Technologies IPO Emerges as Weeks Most Oversubscribed Domestic Offering

The most oversubscribed domestic initial public offering IPO of the week is Tata Technologies IPO in India, priced at 30.43 billion rupees $366 millio

The most oversubscribed domestic initial public offering IPO of the week is Tata Technologies IPO in India, priced at 30.43 billion rupees $366 million. By the end of subscriptions, investors had bid for about 3.13 billion shares valued at 1.56 trillion rupees $18.74 billion, an oversubscription of almost 69.43 times the amount on offer. The high demand indicates investors are interested in the Tata Groups first public offering in over 20 years. Automotive, aerospace, and heavy machinery sectors are just a few of the industries Tata Technologies serves with engineering and technology services. The first day of trading for the business is set for November 30. Read More..

B2B Tech News | 9 days ago      

Huawei to Shift Smart Car Unit to Joint Venture with Changan Auto

Core technology and resources from Huaweis smart car division will be transferred to a new joint venture that the manufacturer Changan Auto may own up

Core technology and resources from Huaweis smart car division will be transferred to a new joint venture that the manufacturer Changan Auto may own up to 40% of. Research and development, manufacturing, sales, and servicing of intelligent automotive systems and component solutions will fall under the purview of the new company. Huawei and Changan Auto will haggle over the capital contribution and equity ratio. With an emphasis on smart car solutions, Huawei, a significant participant in the digital sector, has partnered with many manufacturers, including Changan and Series Group. This action is a component of Huaweis automotive strategy. Read More..

B2B Tech News | 9 days ago      

Gulf Air Reports Data Breach, Assures Operational Stability

Gulf Air announced a data breach on Friday, saying that although its data was exposed, it had no impact on its core business processes or essential sy

Gulf Air announced a data breach on Friday, saying that although its data was exposed, it had no impact on its core business processes or essential systems. Information in the companys customer database and email system was compromised. Gulf Air said that emergency procedures had been triggered to limit the breach. The early reports needed more specifics on the scope and kind of exposed data. Significant dangers arise from data breaches, particularly in the airline sector, where sensitive consumer information, including personal and travel details, is exchanged. The event serves as a reminder of the continuous cybersecurity difficulties that businesses in various industries confront. Read More..

B2B Tech News | 9 days ago      

Telekopye Malicious Telegram Bot Fuels LargeScale Phishing Scams

Threat actors use Telekopye, a malicious Telegram bot, to launch widespread phishing attacks. The threat actors behind the operation, dubbed "Neandert

Threat actors use Telekopye, a malicious Telegram bot, to launch widespread phishing attacks. The threat actors behind the operation, dubbed "Neanderthals," recruit members through ads on underground forums and manage criminal activity like a real business. Telekopye, the malicious bot, can produce phishing webpages, emails, SMS messages, and other content. Scams, including buyer, seller, and refund scams, are practised by Neanderthals. Classiscam, a scamasaservice programme, has allegedly made $64.5 million in illegal revenues since 2019. To remain anonymous, the Neanderthals employ various strategies, such as web scrapers, VPNs, proxies, and TOR. Read More..

B2B Tech News | 9 days ago