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Ghana Navigates Complex Debt Restructuring Talks Amidst Economic Challenges

Ghana is now renegotiating and restructuring over $13 billion of its external debt with foreign investors. Although a provisional agreement has been r

Ghana is now renegotiating and restructuring over $13 billion of its external debt with foreign investors. Although a provisional agreement has been reached, the final parameters are still pending. Ghana, which defaulted on most of its $30 billion in foreign debt more than a year ago, faces a setback due to its inability to reach a feasible debt agreement with two bondholder groups. The goal is to decide to comply with IMF debt sustainability goals. China, the Paris Club, commercial lenders, and multilateral development institutions essentially hold Ghanas debt. The debt crisis makes economic problems like inflation and currency devaluation worse. Finance Minister Dr Mohammed Amin Adam said that notwithstanding this, Ghana is still dedicated to achieving the programme objectives backed by the IMF during the IMF/World Bank Spring Meetings in Washington, DC. Read More..

B2B Tech News | 5 hours ago          

France and Germany Lag, UK Holds Steady European Economic Snapshot

Europe is facing economic difficulties the UK is stable, but Germany and France are trailing. Italy and Spain are getting better. Businesses are under

Europe is facing economic difficulties the UK is stable, but Germany and France are trailing. Italy and Spain are getting better. Businesses are under pressure from rising borrowing rates and inflation, which causes project cancellations and delays. Higher costs and mortgage rates impact consumers, lowering their discretionary income. The Weil European Distress Index brings financial concern to light, particularly for smaller, highly indebted companies in the retail, industrial, and real estate sectors. Healthcare is doing better, but overleveraged firms continue to raise worries. Germany is experiencing slow development, and France is experiencing more than everyday hardship. Despite increasing borrowing costs, the UK manages. Spain and Italy appear to be recovering. Despite ongoing difficulties, several nations show hope for an economic rebound. Read More..

B2B Tech News | 5 hours ago          

French Startup Mistral AI Eyes $5 Billion Valuation in Funding Round

The Information said on Tuesday that Mistral AI, a French tech firm, is supposedly in talks with investors to fund several hundred million dollars at

The Information said on Tuesday that Mistral AI, a French tech firm, is supposedly in talks with investors to fund several hundred million dollars at a valuation of $5 billion. Although the precise investors in the investment round are unknown, Mistral already has backing from Microsoft Corp., Andreessen Horowitz, and Lightspeed Ventures. In February, Microsoft contributed $16 million to Mistral, working together to enable its AI models to be accessed via the Azure cloud computing platform. However, the European Union has taken notice of this alliance, with MPs requesting a probe into any worries about the tech giants concentration of power. Although relatively new to revenue production, Mistral had already raised $415 million in December, reaching 2 billion euros. Read More..

B2B Tech News | 5 hours ago          

Rivos Secures $250 Million Funding to Forge Ahead with AI Server Chip Development

The semiconductor firm Rivos has announced a $250 million investment round to enable the development of its first server chip designed for AI applicat

The semiconductor firm Rivos has announced a $250 million investment round to enable the development of its first server chip designed for AI applications. Although Nvidia continues to dominate the AI computing industry with over 80% of the market in 2023, new and established firms like Intel and Meta are becoming more competitive. Rivos intends to use the opensource RISCV architecture to create its chips as a substitute for current architectures. By making this decision, Arm will not require any licensing costs. Leading investors in the funding round include Matrix Capital Management, Intel, MediaTek, and Dell Technologies. CEO Puneet Kumar highlighted the companys softwarefirst strategy as distinct from conventional chip development processes. Read More..

B2B Tech News | 5 hours ago          

Apple CEO Tim Cook Eyes Manufacturing Expansion in Indonesia

In a meeting with President Joko Widodo, Apple CEO Tim Cook indicated interest in opening a manufacturing site in Indonesia. After his journey to Viet

In a meeting with President Joko Widodo, Apple CEO Tim Cook indicated interest in opening a manufacturing site in Indonesia. After his journey to Vietnam, Cook is in Jakarta, where he is attending the opening of an Apple development academy on Bali Island. Although Apple now uses Vietnam as a significant location for manufacturing items like iPads, AirPods, and Apple Watches, the tech giant has no production facilities in Indonesia. Apple has, nonetheless, already established four developer academies in the nation. Indonesia is a significant target for Apples development aspirations due to its vast internetsavvy populace, which provides an appealing market for tech investment. Read More..

B2B Tech News | 5 hours ago          

Omni Hotels & Resorts Hit by Ransomware Attack, Customer Data Compromised

Omni Hotels & Resorts, a group of hotels, revealed that ransomware hackers gained access to its systems last month and compromised client data. The st

Omni Hotels & Resorts, a group of hotels, revealed that ransomware hackers gained access to its systems last month and compromised client data. The stolen data include names, email addresses, postal addresses, and loyalty programme information. Social Security numbers and bank data were untouched. On March 29, Omni discovered intrusions in its systems, which led to system shutdowns. The phone and WiFi services for guests were affected. On April 8, systems were operational again. Daixin, a ransomware group, has taken credit and threatened to release customer data going back to 2017. DataBreaches.net claims that the group took 3.5 million records, although no proof has been shown. According to cybersecurity agency CISA, Daixin has previously targeted healthcare organisations in the United States. Read More..

B2B Tech News | 5 hours ago          

Intel to Launch ChinaSpecific AI Chips HL328 and HL388

According to a white paper on their website dated April 12, Intel will release two AI processors, especially for the Chinese market, called HL328 and

According to a white paper on their website dated April 12, Intel will release two AI processors, especially for the Chinese market, called HL328 and HL388, scheduled for availability in June and September, respectively. These Gaudi 3 product line chips have highbandwidth and onchip memory, their most recent technological advancements. However, the chips performance capabilities will be limited to adhere to US export laws. This action coincides with regulatory tightening, like Nvidias intentions for chips tailored to China. Intel is trying to stay in the Chinese market despite these obstacles and comply with Chinese regulations. Read More..

B2B Tech News | 5 hours ago          

AMD Unveils Ryzen PRO 8040 and 8000 Series Chips for AI Business Laptops and Desktops

To increase its market share in the rapidly growing "AI PC" space, Advanced Micro Devices AMD has unveiled a new line of chips designed specifically f

To increase its market share in the rapidly growing "AI PC" space, Advanced Micro Devices AMD has unveiled a new line of chips designed specifically for AIenabled business laptops and desktops. Business laptops and mobile workstations are the focus of the Ryzen PRO 8040 Series. In contrast, business desktop CPUs are served by the Ryzen PRO 8000 Series. These processors, anticipated to be offered by HP and Lenovo by the second quarter of 2024, enable devices to execute AI applications locally without cloud services. AMD sees a possible rebound in the PC industry as customers want improved computers that can handle sophisticated AI programmes. However, Nvidia and Intel are fierce rivals in the AI PC market. Read More..

B2B Tech News | 5 hours ago          



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