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TECH NEWS

Credit Suisse grows its Asian investment consulting group.

In Singapore, Sascha Banz, Head of Advisory & Sales APAC, named Jerome Tan as Managing Director, Head of Investment Consulting. Working closely with p

In Singapore, Sascha Banz, Head of Advisory & Sales APAC, named Jerome Tan as Managing Director, Head of Investment Consulting. Working closely with product experts and other stakeholders, he is in charge of supervising and managing the Credit Suisse Singapore locations overall sales strategy and implementation. Together with the banks Content and Activation team, he serves as CoChair of the Wealth Management APAC Advisory and Sales Committee, ensuring that location demands are satisfied in a scalable manner. Lokhin Tsui, who is headquartered in Singapore, started working for Credit Suisse on March 6 as a Director, Investment Consultant, Singapore and Malaysia Market. He has worked at DBS, Standard Chartered Bank, and Merrill Lynch over his 18 years in the wealth management sector. Read More..

B2B Tech News | 6 months ago          

The application resilience ecosystem at Absolute is expanded.

With the launch of its most recent product, Absolute Software has announced the ongoing expansion of the Absolute Application Resilience ecosystem. Mo

With the launch of its most recent product, Absolute Software has announced the ongoing expansion of the Absolute Application Resilience ecosystem. More than 70 missioncritical security and business products from Absolute may now benefit from joint clients use of Absolutes unique persistence technology and unbreakable device connection to improve their health and resilience. In contrast, more than 95% of devices with application resilience capabilities enabled reported having healthy security programmes, according to Absolutes analysis, but nonresilient applications may only be operating properly on less than 80% of the devices they have been installed on. Read More..

B2B Tech News | 6 months ago          

Evaluating the effect of job losses on Africas IT talent.

It might be challenging to distinguish between departmentspecific layoffs and general layoffs in the fastpaced software industry. In response to a shi

It might be challenging to distinguish between departmentspecific layoffs and general layoffs in the fastpaced software industry. In response to a shifting macroenvironment, Naspers, a South African multinational Internet, technology, and multimedia company, announced it would reduce corporate staff by about a third. Chipper Cash, an African crossborder payments company, laid off 150 employees in December Wave, a Francophone African fintech, laid off 15% in June 2022 and Wave. According to CareerJunctions most recent Employment Insights, hiring decreased by 6% from November to December 2022 as a result of the markets general uncertainty. Read More..

B2B Tech News | 6 months ago          

2% of Hong Kong equities decline as Powell, the Feds chairman, predicts future rate increases.

After Federal Reserve Chairman Jerome Powell expressed caution that interest rates could need to be higher than anticipated, Hong Kong equities fell m

After Federal Reserve Chairman Jerome Powell expressed caution that interest rates could need to be higher than anticipated, Hong Kong equities fell more than 2%, raising fears that the next policy meeting could result in a greater hike. Mainland The Shenzhen Component traded down about 0.1% while Chinas Shanghai Composite declined marginally. The Kospi in South Korea dropped 1.28%, the Nikkei 225 in Japan gained 0.48%, and the S&P/ASX 200 in Australia dropped 0.77%. The CEO of VinFast is optimistic about the longterm need for electronic vehicles despite an industry that is becoming more and more cutthroat. Read More..

B2B Tech News | 6 months ago          

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 | 6 months 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 | 6 months 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 | 6 months 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 | 6 months ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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