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Florida House Passes Bill Targeting Social Media Access for Children

A measure to prohibit minors under sixteen from using social media has been adopted by the Florida House of Representatives. Under the proposed legisl

A measure to prohibit minors under sixteen from using social media has been adopted by the Florida House of Representatives. Under the proposed legislation, social media companies would have to delete the accounts of any users who are younger than 17 and set up a thirdparty verification mechanism to filter out minors. Additionally, the measure permits parents to file civil lawsuits against platforms that violate its requirements and requires permanently destroying any personal data gathered from closed accounts. The measure was opposed by Meta, the parent corporation of Facebook and Instagram, due to worries about data privacy and the limitation of parental choice. Read More..

B2B Tech News | 27 days ago          

IMF Forecasts Burundis Economy to Expand by 4.3% in 2024

As opposed to 2.7% in 2023, the International Monetary Fund IMF predicts that Burundis GDP will grow by 4.3% in 2024. Prosperous investment, sustained

As opposed to 2.7% in 2023, the International Monetary Fund IMF predicts that Burundis GDP will grow by 4.3% in 2024. Prosperous investment, sustained reforms, and robust agricultural output are anticipated to underpin the rise. The nations economy is mainly based on agricultural exports, especially coffee and tea. Burundi has had economic difficulties recently, such as a scarcity of hard currency following a political crisis 2015 and the inflationary fallout from the conflict between Russia and Ukraine in 2022. The United States assistance commitments and the European Unions financial support have both resumed, which has helped the economy recover. Read More..

B2B Tech News | 27 days ago          

Saudi Arabias MultiBillion Dollar Investment to Transform into an Electric Vehicle Hub

As part of Crown Prince Mohammed bin Salmans strategy to diversify the economy, Saudi Arabia is investing billions to realise its goal of becoming a c

As part of Crown Prince Mohammed bin Salmans strategy to diversify the economy, Saudi Arabia is investing billions to realise its goal of becoming a centre for Electric Cars EVs. The government established an EV metals facility, introduced Ceer, Saudi Arabias EV brand, and invested $10 billion in Lucid Motors. By 2030, the Public Investment Fund PIF wants to have produced 500,000 EVs a year. The hurdles include the absence of a local industry to provide vehicle parts, the competitiveness of existing businesses, and the requirement to acquire raw materials like lithium. Despite the challenges, Saudi Arabia aims to increase its share of the expanding Electric Vehicle EV industry. Read More..

B2B Tech News | 27 days ago          

Global Investors Tactically Engaging with Chinese Stocks Amid Recent Decline

Global investors, who have been heavily shorting Chinese equities in recent years, are beginning to purchase or sell those companies more judiciously.

Global investors, who have been heavily shorting Chinese equities in recent years, are beginning to purchase or sell those companies more judiciously. Confident investors perceive the present low values and unfavourable mood as a chance to gain from a future increase in value. Although longterm capital has left Chinese stocks, new data indicates that investors are hesitant to join the market, particularly in light of the substantial selloff. Some believe the MSCI China index, which has dropped 60% in the last three years, is a skewed entry position with room for gain if sentiment turns around. Read More..

B2B Tech News | 27 days ago          

Santander Mexico Set to Launch Digital Bank Service "Openbank"

In the following months, Santander Mexico, the companys Mexican subsidiary, plans to introduce Openbank, a digital banking service. The digital produc

In the following months, Santander Mexico, the companys Mexican subsidiary, plans to introduce Openbank, a digital banking service. The digital product is almost ready for launch, obtaining its operating licence in July. Digital banks are gaining ground on traditional banks in Mexico, and Santanders decision aligns with the industrys general trend. Openbanks launch is an attempt to capitalise on Mexicos expanding digital banking industry. In the upcoming week, rival Banorte is also planning to introduce Banco Bineo, its digital banking service. Read More..

B2B Tech News | 27 days ago          

Australia Imposes Cyber Sanctions on Russian Individual Aleksandr Ermakov

Australia has imposed cyber sanctions on Aleksandr Ermakov, a Russian national, for his involvement in the Medibank Private network hack. This is the

Australia has imposed cyber sanctions on Aleksandr Ermakov, a Russian national, for his involvement in the Medibank Private network hack. This is the first time Australias independent cyber sanctions regime has been applied. 9.7 million records—including names, dates of birth, Medicare numbers, and private medical information—were taken in the attack on Medibank Private. Ermakov was subject to targeted financial sanctions and a travel restriction by the Australian government, which the Australian Signals Directorate and the Australian Federal Police carried out. As stated in the Australian Cyber Security Strategy for 2023–2030, this action is a component of Australias commitment to preventing and responding to hostile cyber activities. The government promotes cybersecurity awareness and rejects paying ransoms. Read More..

B2B Tech News | 27 days ago          

Microsofts Bing, Edge, and Advertising Services May Be Excluded from Europes Digital Markets Act DMA

According to reports, Microsofts advertising services, browser Edge, and search engine Bing will probably not fall under the purview of Europes Digita

According to reports, Microsofts advertising services, browser Edge, and search engine Bing will probably not fall under the purview of Europes Digital Markets Act DMA. According to reports, European authorities concluded these items must be sufficiently dominant to require DMA regulation. Nonetheless, it is anticipated that Microsoft will take action to adhere to the DMA rules for further products, such as LinkedIn and the Windows operating system. Major IT companies must comply with the DMA by March 7 to treat their services and goods similarly to competitors. Read More..

B2B Tech News | 27 days ago          

Samsung Considers Leasing TV Factory in Russia Amid Global Responses to Ukraine Invasion

According to reports, Samsung Electronics is thinking of leasing its TV manufacturing in Russia in retaliation to the nations invasion of Ukraine by i

According to reports, Samsung Electronics is thinking of leasing its TV manufacturing in Russia in retaliation to the nations invasion of Ukraine by international corporations. South Korean media reports state that the TV and monitor facility in Kaluga, Russia, is being considered for leasing. The action is in line with a pattern where businesses in Russia modify their operations in reaction to events of a geopolitical nature. Samsung has already said it will stop sending goods to Russia in March 2022. According to the allegations, VVP Group, a local electronics distributor, maybe manufacturing equipment at the Samsung facility for its brand and other businesses. Read More..

B2B Tech News | 27 days 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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