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Gold Fields Acquires Gold Road for $2.4 Billion Amid Gold Price Surge

The Gruyere gold mine in Western Australia will now be owned by South Africas Gold Fields after the two countries agreed to pay $2.4 billion to acquir

The Gruyere gold mine in Western Australia will now be owned by South Africas Gold Fields after the two countries agreed to pay $2.4 billion to acquire Australias Gold Road Resources. Finalised after Gold Road turned down a previous approach, the deal offers a 43% premium to the companys March closing price, valuing it at A$3.7 billion. The purchase coincides with recordhigh gold prices—above $3,000 per troy ounce—which are driving a surge in mergers in the gold industry. CEO of Gold Fields Mike Fraser highlighted the strategic advantages, pointing to increased production potential and land availability. The business will reinforce its worldwide mining portfolio by financing the acquisition using bridge finance and robust cash flow. Read More..

B2B Tech News | 17 days ago          

IndiaUK Free Trade Agreement Sets New Standard for Global Trade Deals

With the completion of their historic Free Trade Agreement FTA, India and the UK have set a new standard for future trade agreements. The deal, reache

With the completion of their historic Free Trade Agreement FTA, India and the UK have set a new standard for future trade agreements. The deal, reached after three years of negotiations, ensures dutyfree access to the UK market for 99 percent of Indian exports, benefiting industries such as leather, textiles, marine products, and auto components. Ninety percent of tariff lines will experience reduced import charges from India, and within ten years, 85% will be completely tarifffree. Additionally, the FTA streamlines skilled worker mobility, thereby enhancing bilateral investment and trade. By 2030, the agreement is expected to triple trade volume to $100 billion, solidifying Indias status as the worlds leading trading nation. Read More..

B2B Tech News | 17 days ago          

AMD Forecasts $7.4 Billion Revenue Amid Strong AI Chip Demand

Strong demand for AI chips has led AMD to project secondquarter sales of approximately £7.4 billion, exceeding Wall Streets expectation of £7.25 bil

Strong demand for AI chips has led AMD to project secondquarter sales of approximately £7.4 billion, exceeding Wall Streets expectation of £7.25 billion. AMD anticipates doubledigit growth in its data centre AI business, thereby strengthening its competitive position against Nvidia, despite U.S. export restrictions on AI processors to China. The company expects these restrictions to reduce revenue by £1.5 billion, yet remains optimistic about AI sales in the long term. AMDs data centre division grew by 57% year on year to £3.7 billion, reflecting Microsoft and Metas ongoing commitment. AMDs resilience in the face of trade concerns is underscored by this positive prediction, positioning the company for substantial growth in 2025. Read More..

B2B Tech News | 17 days ago          

SK Telecom Breach Exposes 25 Million Users, Chairman Issues Public Apology

In response to a significant data breach affecting 25 million users at SK Telecom, the largest mobile carrier in South Korea, SK Group Chairman Chey T

In response to a significant data breach affecting 25 million users at SK Telecom, the largest mobile carrier in South Korea, SK Group Chairman Chey Taewon has issued a public apology. SK Telecom offered free USIM card replacements to prevent identity theft following the breach, which was attributed to a malware attack discovered on 18 April. In addition to promising a thorough cybersecurity investigation alongside external experts, Chey acknowledged the security oversight. He emphasised that data security, not merely IT security, should be regarded as a matter of national defence. Furthermore, SK Telecom has encouraged users to sign up for its USIM Protection Service, which provides the same level of protection as new cards. Read More..

B2B Tech News | 17 days ago          

Google Unveils Gemini 2.5 Pro Preview, Elevating AIPowered Coding

Ahead of Google I/O 2025, Google has released the Gemini 2.5 Pro Preview, an enhanced version of its flagship AI model. With improved coding capabilit

Ahead of Google I/O 2025, Google has released the Gemini 2.5 Pro Preview, an enhanced version of its flagship AI model. With improved coding capabilities, the model excels in agentic processes, code transformation, and editing. Its ability to create dynamic web applications is evidenced by its #1 ranking on the WebDev Arena Leaderboard. Demis Hassabis, CEO of Google DeepMind, referred to it as the finest coding model ever produced, emphasising its proficiency in prototyping concepts. The model is readily accessible for developers through the Gemini app, Vertex AI, and Google AI Studio. Read More..

B2B Tech News | 17 days ago          

Nvidia Unveils DOCA Argus to Safeguard AI Factories from Cyber Threats

The cybersecurity framework DOCA Argus, introduced by Nvidia, aims to protect AI factories by identifying and addressing threats instantly. While moni

The cybersecurity framework DOCA Argus, introduced by Nvidia, aims to protect AI factories by identifying and addressing threats instantly. While monitoring AI workloads, Argus, which operates on Nvidia BlueField DPUs, provides agentless security with zero system overhead. Even if the system is compromised, attackers cannot detect Argus since it operates independently of the host, unlike traditional security solutions. By integrating with SIEM, SOAR, and XDR security solutions, the framework allows businesses to automate threat mitigation. Nvidias initiative bolsters its entry into cybersecurity and enhances its AI infrastructure portfolio. Read More..

B2B Tech News | 17 days ago          

Anonymous Hackers Deface GlobalX Website, Claiming Data Theft in Protest

Anonymousaffiliated hackers have vandalised the website of GlobalX, a company that operates aircraft for deportations from the United States, claiming

Anonymousaffiliated hackers have vandalised the website of GlobalX, a company that operates aircraft for deportations from the United States, claiming to have stolen passenger manifests and flight logs. Anonymous stated it was "enforcing the judges order" when the attack occurred, following a court decision that deemed certain deportations illegal. The hackers released a statement on the website referencing earlier deportations to El Salvador and condemning the policies of the Trump administration. Despite GlobalXs silence regarding the hack, reports indicate that the stolen data could shed light on deportation activities. Even after the website was restored, questions surrounding data security and the political goals of the attack remain. Read More..

B2B Tech News | 17 days ago          

Cisco Unveils Quantum Networking Chip, Expanding Instantaneous Communication

Cisco has opened a Quantum Labs site in Santa Monica, California, and unveiled a quantum networking chip that links quantum computers. Developed in co

Cisco has opened a Quantum Labs site in Santa Monica, California, and unveiled a quantum networking chip that links quantum computers. Developed in collaboration with UC Santa Barbara, the chip enables quantum entanglement, which Einstein famously dubbed "spooky action at a distance", and facilitates instantaneous communication between systems. To support applications such as meteorite detection and financial trade synchronisation, Cisco aims to scale quantum networks. The chip consumes less than 1.1 mW of power, is energyefficient, and operates at telecom wavelengths. It also integrates with existing infrastructure. Cisco, which prioritises networking over qubit development, joins Google, Microsoft, and Nvidia in pushing forward quantum computing. Read More..

B2B Tech News | 17 days ago          



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