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US stocks decline as investors turn to Treasuries amid financial concerns.

The techheavy Nasdaq Composite sank 2.1 percent, while the bluechip S&P 500 stock index ended the day down 1.8%. The four largest US lenders by assets

The techheavy Nasdaq Composite sank 2.1 percent, while the bluechip S&P 500 stock index ended the day down 1.8%. The four largest US lenders by assets—JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo—saw their shares drop by between 4.1% and 6.2 percent. Fed Chair Jay Powell stated that the US central bank was open to return to more aggressive interest rate increases in his semiannual congressional testimony this week, but he emphasised that no decision had been made. Statistics released on Thursday revealed that initial unemployment claims in the US increased to 211,000 last week, above the 192,000 expected increase and being the highest increase since October. The dollar index, which compares the US dollar to a basket of six other currencies, decreased by 0.4. Read More..

B2B Tech News | 7 days ago      

EU telcos intensify their pressure on Big Tech to foot the bill for the internet, saying that there is no Google without us.

Telecom organisations are applying further pressure to EU authorities to take into account a system in which businesses that transport data through th

Telecom organisations are applying further pressure to EU authorities to take into account a system in which businesses that transport data through their networks pay fees to support infrastructure upgrades. According to Oranges chief technology and security officer Michael Trabbia, There is no Netflix, there is no Google, without the telcos, without the network. Tech behemoths like Netflix, who see the idea of direct compensation to telcos as an internet traffic tax, have opposed efforts to establish network tolls. Read More..

B2B Tech News | 7 days ago      

In Adeliade, a new electric flying vehicle has been unveiled.

In front of a racing championship the following year, a flying race vehicle firm with its headquarters in Adelaide has debuted an electric flying car.

In front of a racing championship the following year, a flying race vehicle firm with its headquarters in Adelaide has debuted an electric flying car. Alauda Aeronautics introduced the 360 km/h air speeder MK4, which can reach speeds of. The humandriven, hydrogenpowered vehicle can accelerate to its top speed in less than 30 seconds. The company claims that its recently introduced rocketpowered invention is the fastest electric vertical takeoff and landing aircraft in the world. Read More..

B2B Tech News | 7 days ago      

According to Roku, Silicon Valley Bank holds more than 25% of the companys financial assets.

Roku revealed that Silicon Valley Bank, the techfocused lender shut down by regulators earlier in the day, is where more than a quarter of its cash re

Roku revealed that Silicon Valley Bank, the techfocused lender shut down by regulators earlier in the day, is where more than a quarter of its cash reserves are held. The streaming hardware company has $1.9 billion in cash and equivalents on hand, $487 million of which is kept at SVB and is mostly uninsured. Afterhours trading saw a more than 6% decline in the companys stock. In order to cover its working capital, capital expenditures, and substantial cash needs, Roku continues to anticipate that its current position of cash and cash equivalents as well as cash flow from operations will be adequate. Read More..

B2B Tech News | 7 days ago      

The leadership of AGCS North America is now held by Tracy Ryan.

Tracy Ryan has been appointed as the new Chief Regions and Markets Officer for North America at Allianz Global Corporate & Specialty AGCS, the corpora

Tracy Ryan has been appointed as the new Chief Regions and Markets Officer for North America at Allianz Global Corporate & Specialty AGCS, the corporate insurance arm of the Allianz Group. She succeeds William Scaldaferri, who, after 23 years with Allianz, including 11 as a member of the AGCS SE Board of Management, has opted to depart the company. Prior to joining Liberty Mutual Insurance Group, Ryan served as President, Global Risk Solutions North America and a board member. She delivers a special blend of leadership abilities and indepth industry knowledge, from technical underwriting to client and broker delivery in North America and internationally. As of March 7, she begins working in AGCSs New York office and will Read More..

B2B Tech News | 10 days ago      

The deployment of payment solutions by PayRetailers is being stepped up in Latin America.

PayRetailers expedites the rollout of its payment solution in Latin America by providing more adaptable payment options and regional operating facilit

PayRetailers expedites the rollout of its payment solution in Latin America by providing more adaptable payment options and regional operating facilities to help international digital entrepreneurs grow their businesses. The platform reaches 70% of Latin American consumers who do not have access to traditional banking by providing more than 250 local payment options, including cash payments, cards, bank transfers, electronic wallets, and payments through QR codes. The technological solution from PayRetailers enables the integration of local payment methods, reducing fraud and providing a safe payment experience with a low bounce rate. Additionally, it offers companies a fully localised payment strategy that is tailored to their goals, business model, and client needs while managing payment flows from start to finish. Read More..

B2B Tech News | 10 days ago      

The UKs new GDPR is its second attempt at the postBrexit data protection reform.

Instead of repealing the EUs General Data Protection Regulation GDPR, the UK government is drafting a new law that permits additional processing of in

Instead of repealing the EUs General Data Protection Regulation GDPR, the UK government is drafting a new law that permits additional processing of individuals data, but only for nonconsentbased collecting, such as use cases based on public interest. The governments proposed reforms to the data protection framework may affect how well enterprises can accommodate user demands for data. The U.K. governments decision to broaden the definition of scientific study to make it simpler for data to be reused for research has been one of the most wellreceived improvements. Nonetheless, there can be worries about how a more liberal system might be abused. Read More..

B2B Tech News | 10 days ago      

Investigated in Kenya are online food delivery services.

In order to inform its recommendations for regulatory and policy choices, the Competition Authority of Kenya CAK is investigating the behaviour of onl

In order to inform its recommendations for regulatory and policy choices, the Competition Authority of Kenya CAK is investigating the behaviour of online food and grocery delivery companies. It will look into the usage of data, data portability, client acquisition strategies, consumer protection concerns, and the dispute resolution procedures employed by the marketplaces. The investigation comes as many African competition watchdogs recently came together to examine the market behaviour of multinational digital corporations in light of concerns about consumer welfare and competition. Read More..

B2B Tech News | 10 days ago