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HSBC Injects $4 Billion Into Private Credit Funds Amid Market Expansion

With a $4 billion investment into its private credit funds, HSBC hopes to increase its market share in the $2 trillion worldwide private credit indust

With a $4 billion investment into its private credit funds, HSBC hopes to increase its market share in the $2 trillion worldwide private credit industry. The money will be invested in alternative credit funds managed by HSBC Asset Management, which hopes to raise outside funding to create a $50 billion credit fund in five years. Given the fall in revenues from traditional lending, HSBCs action is consistent with a larger trend of banks expanding into private loans. CEO Georges Elhedery positioned HSBC against private equity behemoths like Ares Management and Blackstone by emphasising the move towards higherreturning investments. Direct lending in the UK and Asia will be the primary focus of the funds global deployment. Read More..

B2B Tech News | 2 months ago          

APT41 Exploits Google Calendar for CommandandControl Malware Operations

APT41, a hacker collective with ties to China, launched a sophisticated cyberattack using Google Calendar as a commandandcontrol C2 channel, according

APT41, a hacker collective with ties to China, launched a sophisticated cyberattack using Google Calendar as a commandandcontrol C2 channel, according to Googles Threat Intelligence Group GTIG. Through spearphishing emails that contained a malicious ZIP package posted on a hacked government website, the virus, known as TOUGHPROGRESS, was disseminated. The software enabled hackers to exfiltrate confidential data and deliver remote commands by creating zerominute calendar events with encrypted data contained. Google has notified the impacted organisations and terminated the fraudulent Calendar accounts. Similar assaults have previously been carried out by APT41 using Google Drive and Sheets, underscoring the increasing abuse of cloud services in cyber espionage. Read More..

B2B Tech News | 2 months ago          

Apple Safari Security Flaw Exposes Users to Fullscreen BitM Attacks

Cybercriminals can utilise the Fullscreen API to deceive users into interacting with remotecontrolled browsers that steal login credentials, thanks to

Cybercriminals can utilise the Fullscreen API to deceive users into interacting with remotecontrolled browsers that steal login credentials, thanks to a recently found security weakness in Apple Safari. Due to Safaris lack of fullscreen notifications, researchers at SquareX caution that these BrowserintheMiddle BitM attacks are especially successful since victims unintentionally enter passwords into overlays that are controlled by the attacker. Safaris sparse user interface indicators make consumers susceptible to phishing attempts, in contrast to Chrome and Firefox, which show fullscreen warnings. Apple has admitted the problem but said the current safeguards are enough and has decided not to add more security. To reduce dangers, experts advise avoiding fullscreen login prompts, checking URLs, and utilising browsernative security capabilities. Read More..

B2B Tech News | 2 months ago          

Appy Pie Launches PixelYatra, India’s First HindiTrained AI Design Tool

Indias first Hinditrained AI design tool, PixelYatra, was introduced by Appy Pie. With Hindi prompts, users may make cards, banners, posters, and soci

Indias first Hinditrained AI design tool, PixelYatra, was introduced by Appy Pie. With Hindi prompts, users may make cards, banners, posters, and social media creatives. PixelYatra, based on Appy Pies PixelForge paradigm, aims to make visual content production more accessible, especially for Tier 2 and Tier 3 cities. It is perfect for local businesses, event planners, and influencers since the AI can comprehend Devanagari letters and contextual Hindi terms like “शुभकामनाएं” best wishes, “बिक्री” sell, and “आमंत्रण” invitation. PixelYatra, according to CEO Abhinav Girdhar, is "built for Bharat," incorporating the linguistic and cultural quirks of India into generative design technologies. Read More..

B2B Tech News | 2 months ago          

Perplexity AI Unveils Labs, an AIPowered Tool for Automated Project Execution

Perplexity Labs, an AIpowered platform for automating project execution, has been introduced by Perplexity AI. It converts concepts into reports, spre

Perplexity Labs, an AIpowered platform for automating project execution, has been introduced by Perplexity AI. It converts concepts into reports, spreadsheets, dashboards, and web applications. Labs uses deep web searching, code execution, and asset production to optimise operations while running independently for at least ten minutes. In contrast to conventional AI assistants, Labs operates as a virtual project team, managing app development, data organisation, and visualisation under the Assets and App tab. Web, iOS, and Android users can access the tool, and Mac and Windows users will soon be able to use it as well. Perplexity wants to compete with Google and Microsofts enterprise AI solutions by positioning Labs as a nextgeneration AI productivity platform. Read More..

B2B Tech News | 2 months ago          

Massive Data Breach Exposes 184 Million Passwords Across Major Platforms

The major data leak that exposed 184 million passwords has impacted banks, social media sites, and government institutions. An unsecured database with

The major data leak that exposed 184 million passwords has impacted banks, social media sites, and government institutions. An unsecured database with email addresses, passwords, and login information was found online by cybersecurity researcher Jeremiah Fowler. The compromised information, which includes information from Apple, Google, Facebook, Microsoft, Instagram, and Snapchat, raises questions about fraud and identity theft. According to experts, the credentials were obtained through the use of software that steals confidential data covertly, such as Lumma Stealer. Access was restricted after Fowler notified the hosting company, but it is still unclear where the leak originated. In order to reduce risks, cybersecurity experts advise users to monitor accounts, change passwords, and enable multifactor authentication. Read More..

B2B Tech News | 2 months ago          

ADNOC Drilling Expands Beyond UAE With $112 Million SLB Acquisition

For $112 million, ADNOC Drilling purchased a 70% share in SLBs land drilling rig operations in Oman and Kuwait, initiating its first significant foray

For $112 million, ADNOC Drilling purchased a 70% share in SLBs land drilling rig operations in Oman and Kuwait, initiating its first significant foray outside of the United Arab Emirates. Eight working rigs—six in Oman and two in Kuwait—under contracts with domestic oil corporations are part of the agreement. In addition to an upfront payment of $91 million, ADNOC Drilling will also pay $21 million based on performance. A $1 billion revolving loan will finance the acquisition, which is anticipated to finalise in Q1 2026. Through acquisitions and tenders, ADNOC Drilling hopes to strengthen its regional drilling presence by doubling the number of its rigs in the area. Read More..

B2B Tech News | 3 months ago          

South Africa’s Central Bank Cuts Interest Rate to 7.25% Amid Growth Concerns

Citing slower economic growth and muted inflation, South Africas central bank lowered its benchmark interest rate by 25 basis points to 7.25%. Five me

Citing slower economic growth and muted inflation, South Africas central bank lowered its benchmark interest rate by 25 basis points to 7.25%. Five members of the Monetary Policy Committee MPC supported the cut, while one member pushed for a more drastic 50 basis point cut. Policymakers lowered borrowing costs in April as inflation dropped to 2.8%, below the central banks goal range of 3% to 6%. Governor Lesetja Kganyago stated that South Africas economic outlook is still impacted by uncertainty surrounding international trade, particularly U.S. tariff plans. The banks revised 2025 GDP growth prediction of 1.2% is lower than its previous projections, highlighting the necessity of monetary assistance. Read More..

B2B Tech News | 3 months ago          



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