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Zimbabwes New Currency ZiG Faces Uphill Battle Amid Public Mistrust

Although the launch of Zimbabwes new currency, ZiG, sparked a reggae song and attracted attention, the country still has structural obstacles and wide

Although the launch of Zimbabwes new currency, ZiG, sparked a reggae song and attracted attention, the country still has structural obstacles and widespread popular scepticism. Despite state support, ZiG fights against the US dollars hegemony, with street vendors providing more favourable exchange rates. There has historically been monetary instability, as evidenced by the governments assault on currency traders and enterprises. Businesses refusing to accept ZiG and residents going to the illegal market are obstacles to efforts to enforce ZiG usage, as many people still rely on the dollar for everyday transactions. Establishing public trust in ZiG is still critical to its effectiveness because arrests do not solve fundamental economic issues. Read More..

B2B Tech News | 15 days ago          

Toyota, Subaru, and Mazda Collaborate on Compact Engines for Electrification

Toyota, Subaru, and Mazda revealed plans to create tiny engines specifically for electrification to achieve lower hood profiles and improve interactio

Toyota, Subaru, and Mazda revealed plans to create tiny engines specifically for electrification to achieve lower hood profiles and improve interaction with electric drive units. Toyota, a pioneer in gasolineelectric hybrids, believes that more innovative and profitable car designs depend on small engines. The move highlights the companys tight cooperation since Toyota has stock in Subaru and Mazda. In the face of tighter pollution regulations, the trio wants to decarbonise internal combustion engines so they can run on other fuels. Toyota offers cars with different engine options as part of their "multipathway" strategy to achieve carbon neutrality. Toyota Chairman Akio Toyoda forecasts a small market share for electric vehicles EVs despite the trend towards electrification, with hybrid and fuelcell cars continuing to hold a substantial position. Read More..

B2B Tech News | 15 days ago          

South Korea Unveils Tax Incentives to Boost Listed Companies Value

Choi Sangmok, the finance minister of South Korea, revealed intentions to implement comprehensive tax incentives as a component of business reforms me

Choi Sangmok, the finance minister of South Korea, revealed intentions to implement comprehensive tax incentives as a component of business reforms meant to raise the value of listed firms. Authorities will finalise tax advantages under the "Valueup Programme" through yearly tax code modifications after soliciting input from market participants. The programme, first put up in February, attempts to increase dividend income and shareholder returns for businesses. The government will also announce initiatives to boost the semiconductor sector and improve regulations to increase the competitiveness of homegrown businesses abroad. Choi also praised support for a threeway free trade pact with China and Japan to expedite talks. Regarding the domestic economy, Choi predicted stable consumer inflation in the midtolower 2% range in the second half of the year, with expected growth in tax revenue compared to the previous year despite weakerthanexpected corporate tax incomes. Read More..

B2B Tech News | 15 days ago          

Nokia Set to Replace Huawei in Portuguese 5G Contract with MEO

Nokia is about to replace Huawei as the only provider of 2G, 3G, and 4G RAN equipment for Portuguese telecommunications operator MEO with a deal to de

Nokia is about to replace Huawei as the only provider of 2G, 3G, and 4G RAN equipment for Portuguese telecommunications operator MEO with a deal to deliver 5G radio equipment. Despite being agreed upon, the deal is still awaiting signing an announcement is anticipated for next month. Historically, MEO, owned by Altice in France, has only used Huawei for its RAN gear. In an internal blog post, Tommi Uitto, President of Nokia Mobile Networks, verified the choice. MEO has not replied to demands for comment, and neither Huawei nor Nokia offered a statement. With this action, Nokia is reentering Portugals RAN market to reclaim the market share it previously lost to Huawei. Nokia and Ericsson are still competitors in the telecom equipment sector despite difficulties and a drop in RAN demand. Read More..

B2B Tech News | 15 days ago          

Adani Group Set to Enter Ecommerce and Digital Payments Arena

With the goal of diversifying its business and taking on industry titans like Reliance, Amazon, and Walmart, the Adani Group, a significant conglomera

With the goal of diversifying its business and taking on industry titans like Reliance, Amazon, and Walmart, the Adani Group, a significant conglomerate in India, is considering a move into digital payments and ecommerce. It is contemplating introducing a cobranded credit card with banks and requesting a licence on Indias Unified Payments Interface. Prior to the release of the Adani One consumer app, Adani made references to potential Uber partnerships. The group intends to provide online shopping via the ONDC platform, which is supported by the government. Indias retail business is a major battlefield, expected to reach $1.27 trillion by the end of the next year. Flipkart is the leader in ecommerce, but Google Pay and PhonePe rule mobile payments. Adani One would target its current user base through the integration of Adanis services. This action is the result of difficulties, including claims of market manipulation, which have led to a significant stock decline, which Adani denies. Read More..

B2B Tech News | 15 days ago          

AWS Eyes Major Investment in Italy to Expand European Data Centers

Italy and Amazons AWS are negotiating over a billion euro investment to grow AWSs data centre operations and improve its cloud capabilities throughout

Italy and Amazons AWS are negotiating over a billion euro investment to grow AWSs data centre operations and improve its cloud capabilities throughout Europe. The extent and location of the investment are still being discussed either the existing Milan facility will be expanded, or a new one will be established. With plans to invest two billion euros by 2029, AWS opened its first cloud region in Italy in 2020, catering to customers including Assicurazioni Generali and Ferrari. AWS has revealed a massive increase from a prior intention to invest 15.7 billion euros in the Aragon area of Spain. By 2040, AWS intends to invest 7.8 billion euros in Germany. With Telefonica Deutschland having just moved one million users to the AWS cloud, the business is also improving its infrastructure for telecom clients. This financial commitment reflects corporate interest in AI spurs growth in the cloud market. Read More..

B2B Tech News | 15 days ago          

Apple to Integrate OpenAI Technology in iOS 18, Unveiling at WWDC 2024

According to Bloombergs Mark Gurman, Apple intends to employ OpenAIs technology for AI capabilities in iOS 18, which will be presented at WWDC 2024. T

According to Bloombergs Mark Gurman, Apple intends to employ OpenAIs technology for AI capabilities in iOS 18, which will be presented at WWDC 2024. The partnership with OpenAI is anticipated to be a significant focal point of the occasion. Additionally, Apple is in talks with Google to provide Gemini as a substitute. Thanks to its sizable user base, Apple may emerge as a significant force in AI when these technologies launch. The AI improvements in iOS 18—which will be available as a stable version in September alongside the iPhone 16—may include quicker search, photo retouching, note transcription, and Siri changes. A developer beta glimpse was given at WWDC. Apples AI capabilities will be available for macOS and iPadOS, striking a balance between cloudbased big language models for offline usage and ondevice processing for privacy. Read More..

B2B Tech News | 15 days ago          

Barracuda Networks Unveils AI Assistant to Enhance Partner Portal Capabilities

Barracuda Networks has improved partner search and enablement capabilities by adding an inventive AI assistant to its Partner Portal. Partners may str

Barracuda Networks has improved partner search and enablement capabilities by adding an inventive AI assistant to its Partner Portal. Partners may streamline customer assistance and increase productivity by accessing information on Barracuda products, the Partner Success Programme, and portal resources with the Barracuda AI Assistant. It helps partners have more fruitful sales interactions by giving them instant, roundtheclock solutions to product inquiries. This tool provides sourcing information and thorough replies by referencing many Barracuda resources. The CEO of Protea Networks GmbH, Michael Seele, and Vice President of Worldwide Partner Ecosystems, Jason Beal, highlighted the AI assistants contribution to increasing partner success and efficiency. Launched in December 2023, the Barracuda Partner Success Programme offers reseller partners support for various market channels. Read More..

B2B Tech News | 15 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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