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South Africa’s Budget Deficit Expands as VAT Increase Plan Is Scrapped

After abandoning a proposed valueadded tax VAT hike, South Africas National Treasury has forecast a larger budget deficit and increased public debt. P

After abandoning a proposed valueadded tax VAT hike, South Africas National Treasury has forecast a larger budget deficit and increased public debt. Political resistance and legal challenges led to the decision, which caused a revenue deficit of 61.9 billion rand $3.5 billion, requiring the government to update its mediumterm tax revenue predictions. While total debt is predicted to stabilise at 77.4% of GDP, the budget deficit is now anticipated to increase to 4.8% of GDP from 4.6%. The economy is expected to increase 1.4% in 2025, which is less than the 1.9% growth that was originally predicted. To close the budget deficit, the government is thinking about reducing spending and finding other ways to raise money. Read More..

B2B Tech News | 1 months ago          

IndiaEU Trade Talks Accelerate With Early Harvest Pact Targeted for July 2025

With an eye towards completion by July 2025, India and the EU are speeding up talks for an early harvest trade agreement. As a prelude to a fullfledge

With an eye towards completion by July 2025, India and the EU are speeding up talks for an early harvest trade agreement. As a prelude to a fullfledged free trade agreement FTA, the deal will cover tariffs, corporate procurement, intellectual property rights IPRs, and nontariff barriers. India wants to open markets for its steel, pharmaceutical, and clothing exports, while the EU is promoting duty reductions on cars, medical equipment, wines, and poultry. After the 11th round of negotiations in New Delhi on May 16, representatives from the Commerce Ministry are in Brussels for talks. With bilateral commerce reaching $137.41 billion in 2023–2024, the agreement is anticipated to increase economic relations between the two regions. Read More..

B2B Tech News | 1 months ago          

Bitcoin Hits Record $109,857 as ETF Inflows Surge Past $40 Billion

Bitcoin surged to a new alltime high, reaching $109,857, surpassing its previous January peak. The rally was driven by strong ETF inflows, with cumula

Bitcoin surged to a new alltime high, reaching $109,857, surpassing its previous January peak. The rally was driven by strong ETF inflows, with cumulative investments exceeding $40 billion, alongside growing institutional adoption. Analysts attribute the surge to weaker U.S. dollar trends, increased corporate treasury allocations, and regulatory optimism, as the U.S. Senate advances stablecoin legislation. The inclusion of Coinbase in the S&P 500 further signals mainstream acceptance. Bitcoin’s resilience amid macroeconomic volatility highlights its role as a store of value, with investors closely watching policy developments and market liquidity trends. Read More..

B2B Tech News | 1 months ago          

Shopify Launches AI Store Builder, Automating Online Store Creation

By entering descriptive keywords, merchants may create completely designed online stores with Shopifys AI Store Builder, a generative AI tool. By prod

By entering descriptive keywords, merchants may create completely designed online stores with Shopifys AI Store Builder, a generative AI tool. By producing three store layouts with text and photos, the method drastically cuts down on the time and work needed to set up a website. This is Shopifys first fully automated storebuilding capability, which does away with the need for manual design tweaks, in contrast to earlier AIassisted tools. Vanessa Lee, Vice President of Product at Shopify, highlighted that the tool makes store building easier by posing openended questions to merchants, enabling AI to produce the best possible shopfront. The business keeps spending money on AIpowered technologies that improve inventory control, picture creation, and customised purchasing experiences. Read More..

B2B Tech News | 1 months ago          

Dell Unveils Unified Private Cloud Platform for MultiStack Management

With support for Red Hat, VMware, and Nutanix environments, Dell has unveiled a unified private cloud platform that lets companies manage several clou

With support for Red Hat, VMware, and Nutanix environments, Dell has unveiled a unified private cloud platform that lets companies manage several cloud stacks across Dell hardware. Through a 90% reduction in setup procedures, the Dell Automation Platform expedites deployment, enabling new environments to be operational in 2.5 hours. Centralised management, in contrast to typical private clouds, allows flexibility while preserving distinct cloud instances across a shared infrastructure. The focus of Dells strategy is investment protection, enabling users to switch between cloud ecosystems and reuse infrastructure without being locked into a single provider. The platforms support for bringyourownlicense models increases businesses flexibility. Read More..

B2B Tech News | 1 months ago          

Amazon Tests AIDriven Audio Summaries for Enhanced Shopping Experience

Amazon is experimenting with AIpowered audio product summaries, which will allow customers to bypass reading long reviews and instead listen to succin

Amazon is experimenting with AIpowered audio product summaries, which will allow customers to bypass reading long reviews and instead listen to succinct AIgenerated explanations. The "Hear the highlights" button in the Amazon Shopping app provides shortform audio summaries that are accessible to a portion of U.S. customers. The function leverages artificial intelligence AI to analyse product details, user feedback, and internet insights. Amazons broader AI integration approach is in line with this ambition, which supports personalised recommendation tools like Shopping Guides and Rufus, the companys AIpowered shopping assistant. In order to improve the shopping experience with AIpowered accessibility, Amazon intends to extend the feature to other items and consumers. Read More..

B2B Tech News | 1 months ago          

Google Unveils SynthID Detector to Verify AIGenerated Content Across Modalities

Google unveiled SynthID Detector, a verification platform for identifying AIgenerated text, image, audio, and video material, at Google I/O 2025. The

Google unveiled SynthID Detector, a verification platform for identifying AIgenerated text, image, audio, and video material, at Google I/O 2025. The tool ensures transparency and authenticity by detecting invisible watermarks buried in material produced with Googles AI algorithms. After its initial release in 2023, SynthID became opensource for text watermarking in 2024. Users can upload suspected AIgenerated media to the new platform, check for SynthID watermarks, and get comprehensive results. By strengthening AI content verification standards, Google hopes to counteract the dangers of deepfakes and false information. Early testers can now access the portal later this year, wider access is anticipated. Read More..

B2B Tech News | 1 months ago          

UAE Unveils Falcon Arabic AI Model, Advancing Gulf AI Leadership

As part of its efforts to spearhead AI innovation in the Gulf, the United Arab Emirates UAE has introduced Falcon Arabic, a new Arabiclanguage AI mode

As part of its efforts to spearhead AI innovation in the Gulf, the United Arab Emirates UAE has introduced Falcon Arabic, a new Arabiclanguage AI model. Falcon Arabic, created by the Advanced Technology Research Council ATRC in Abu Dhabi, is trained on topnotch native Arabic datasets to guarantee linguistic diversity and correctness. With a focus on accessibility and efficiency, the model achieves cuttingedge performance, competing with AI systems up to ten times its size. Additionally, ATRC unveiled Falcon H1, which reduces the computational needs for complex AI tasks by outperforming models from Meta and Alibaba. The UAEs development into AI supports its aspirations for global AI and is consistent with its solid partnerships with U.S. semiconductor companies. Read More..

B2B Tech News | 1 months ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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