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India and Oman Make Headway in Comprehensive Economic Partnership Agreement Negotiations

The Comprehensive Economic Partnership Agreement CEPA, a potential Free Trade Agreement FTA, is being negotiated between India and Oman. Following a r

The Comprehensive Economic Partnership Agreement CEPA, a potential Free Trade Agreement FTA, is being negotiated between India and Oman. Following a recent visit to Muscat by Commerce and Industry Minister Piyush Goyal, both countries have settled disagreements over petrochemical products and want to hold more negotiations to resolve outstanding issues. The CEPA seeks to improve economic cooperation by simplifying trade regulations and substantially reducing or eliminating customs charges on traded goods. The fiscal year 2023–2024 saw a total of USD 8.94 billion in bilateral trade between India and Oman. Read More..

B2B Tech News | 5 months ago          

Piero Cipollone ECB Expects Three More Interest Rate Cuts This Year as Economy Recovers

Despite worries about the possible effects of the U.S.China trade war on the eurozone, Piero Cipollone, a European Central Bank ECB board member, said

Despite worries about the possible effects of the U.S.China trade war on the eurozone, Piero Cipollone, a European Central Bank ECB board member, said that more interest rate reductions are possible as inflation moderates. With at least three more cuts anticipated this year, the ECB has lowered borrowing prices five times since June to boost an economy emerging from the doldrums. Cipollone stressed that the fundamentals havent altered much since December, even if he noted that continuing trade tensions and rising energy prices make decisions more difficult. The ECB expects inflation to revert to the target of 2% this summer, even though it is now at 2.5 per cent. He was cautiously optimistic, saying that although trade disputes would hamper GDP, a recession is not anticipated. Read More..

B2B Tech News | 5 months ago          

ECB Optimistic About Digital Euro Amid Trump’s Support for DollarPegged Cryptocurrencies

ECB board member Piero Cipollone expressed optimism that the European Central Bank ECB will accelerate legislative support for the digital euro due to

ECB board member Piero Cipollone expressed optimism that the European Central Bank ECB will accelerate legislative support for the digital euro due to U.S. President Donald Trumps proposal to promote dollarpegged cryptocurrencies. The ECB wants to lessen reliance on significant U.S. payment processors like Visa and PayPal by using the digital euro as a central bankbacked online wallet. The digital euro initiative, which has made little headway since the European Commissions June 2023 legislation proposal, is made more urgent by Trumps support for stablecoins, Cipollone underlined. Amid fears about U.S. stablecoins taking deposits away from European banks, he voiced hope that the EU Parliament may complete this legislation by summer, opening the door for an ECB policymakers decision on the currencys possible launch in November. Read More..

B2B Tech News | 5 months ago          

Bank of Portugal’s Centeno Endorses Novo Banco IPO for Banking Sector Growth

Seeing Novo Bancos planned IPO benefitting the Portuguese banking industry, Bank of Portugals Governor Mario Centeno voiced support. Lone Star, a U.S.

Seeing Novo Bancos planned IPO benefitting the Portuguese banking industry, Bank of Portugals Governor Mario Centeno voiced support. Lone Star, a U.S. fund, owns 75% of Novo Banco, founded in 2014 following a government rescue of Banco Espirito Santo. It has been reported that Lone Star is contemplating a merger with another Portuguese bank, an Initial Public Offering IPO, and a complete sale of Novo Banco. Citing the need to preserve financial system stability, Centeno advised caution when making more acquisitions and consolidations. He pointed out that Portugals top five banks own more than 80% of the countrys banking assets, so thorough market analysis is necessary. Read More..

B2B Tech News | 5 months ago          

BlackRock Set to Launch Bitcoin ETP in Europe Amid Growing Crypto Demand

Within weeks, BlackRock will introduce a bitcoin exchangetraded product in Europe in response to growing consumer and money manager demand for cryptoc

Within weeks, BlackRock will introduce a bitcoin exchangetraded product in Europe in response to growing consumer and money manager demand for cryptocurrency exposure. The product is most likely headquartered in Switzerland because BlackRock recently established a Zurichbased subsidiary called iShares Digital Assets AG that focuses on digital assets. Since the U.S. Securities and Exchange Commission authorised exchangetraded products that follow the spot price of bitcoin in January 2024, BlackRock has been a leader in providing such products, albeit declining to comment on the launch. IBIT, BlackRocks primary bitcoinrelated product, has experienced notable growth, with net assets as of 4 February totalling $57.5 billion. Under the Markets in CryptoAssets Regulation, European crypto companies negotiate more stringent regulations as the U.S. crypto economy rejoices in government support. Read More..

B2B Tech News | 5 months ago          

Arm Withdraws Threat to End Qualcomm’s License Agreement

Cristiano Amon, the CEO of Qualcomm, declared that Arm Holdings had no longer threatened to revoke Qualcomms licence. The conflict, which started in O

Cristiano Amon, the CEO of Qualcomm, declared that Arm Holdings had no longer threatened to revoke Qualcomms licence. The conflict, which started in October 2024, focused on the technology found in Qualcomms chips for personal computers. Arm first claimed Qualcomm had broken the contract, but it has now stated it has no immediate plans to end the arrangement. A jurys decision in December that Qualcomms PC chips were appropriately licensed under its contract with Arm was a significant legal win for the company. Arm has since submitted a move for a fresh trial, nevertheless, because the jury could not agree on key aspects of the case. The move guarantees Qualcomms continuous access to Arms semiconductor technologies. Read More..

B2B Tech News | 5 months ago          

AMD Fixes Critical Zen CPU Flaw That Could Undermine SEV Security

AMD has fixed CVE202456161, a highseverity vulnerability with a severity score of 7.2/10 that affects its Zen 1 to Zen 4 CPUs. Researchers from Google

AMD has fixed CVE202456161, a highseverity vulnerability with a severity score of 7.2/10 that affects its Zen 1 to Zen 4 CPUs. Researchers from Google found that the CPU ROM microcode patch loader has a problem that involves incorrect signature verification, which might allow malicious microcode to be loaded by attackers with local administrator rights. The security and integrity of virtual machines operating using AMDs Secure Encrypted Virtualisation SEVSNP technology may be jeopardised. In midDecember 2024, AMD published a mitigation update that necessitated updating the SEV firmware and microcode on specific devices. To give customers time to apply updates, the corporation postponed public disclosure. To enable mitigation attestation, users need to update their BIOS and restart it. Read More..

B2B Tech News | 5 months ago          

Google Targets Commercial Quantum Computing Within Five Years

In contrast to Nvidias 20year forecast, Google hopes to introduce commercial quantum computing applications in five years. According to Hartmut Neven,

In contrast to Nvidias 20year forecast, Google hopes to introduce commercial quantum computing applications in five years. According to Hartmut Neven, head of Google Quantum AI, practical uses in medicine development, materials science, and energy alternatives may materialise. Quantum computing, which uses "qubits" rather than conventional bits to process information, has the potential to transform the financial, healthcare, and cybersecurity industries completely. Nvidia CEO Jensen Huang estimates that practical applications may take 15 to 30 years. Still, Google has made significant progress, including addressing issues that would take aeons for traditional computers to finish in only a few minutes. In a recent article published in Nature, Googles novel approach to quantum simulation is highlighted, reaffirming the companys goal of commercialising quantum computing far sooner than anticipated. Read More..

B2B Tech News | 5 months ago          



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