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HSBC in Advanced Talks to Sell Inka Fund Administration Unit to BlackFin

According to reports, HSBC Holdings is in advanced talks to sell Inka, its German fund administration division, to BlackFin Capital Partners, a privat

According to reports, HSBC Holdings is in advanced talks to sell Inka, its German fund administration division, to BlackFin Capital Partners, a private equity group. About €400 billion $435.16 billion in assets under administration are managed by Inka. The possible sale fits HSBCs overarching plan to concentrate on its core competencies and streamline operations. Depending on talks and regulatory permissions, BlackFin, an investment group specialising in European financial services, might finalise the purchase in the upcoming weeks. HSBC has been reorganising its international businesses, including asset management, to maximise profitability. The action is consistent with banks selling off noncore assets as market conditions change. BlackFins presence in the European financial services industry will grow even further if the deal goes through. Read More..

B2B Tech News | 11 days ago          

Microsoft 365 Outage Outlook on the Web Goes Down for Users Worldwide

On 19 March 2025, customers could not use Microsoft 365 services, including Outlook on the web, due to disruptions. Microsoft confirmed the problem th

On 19 March 2025, customers could not use Microsoft 365 services, including Outlook on the web, due to disruptions. Microsoft confirmed the problem through their official Microsoft 365 Status account, stating that a recent modification to the Outlook infrastructure was the cause of the disturbance. The corporation quickly undid the alteration, and services were soon resumed. It is recommended that users keep an eye on the Microsoft 365 Admin Centre for comprehensive updates and make sure their apps are current to minimise any possible problems. Read More..

B2B Tech News | 11 days ago          

OpenAI Unveils o1pro Its Most Advanced Reasoning AI Model Yet

An improved version of OpenAIs o1 "reasoning" AI model, o1pro, is now available through its developer API. O1pro uses additional computing power to pr

An improved version of OpenAIs o1 "reasoning" AI model, o1pro, is now available through its developer API. O1pro uses additional computing power to provide more reliable and accurate answers because it is made to handle challenging reasoning tasks. OpenAIs most costly product to date, this premium model costs $150 per million input tokens and $600 per million output tokens. Access is currently restricted to developers that have paid at least $5 for OpenAI API services in the past. Although o1pro has been accessible to ChatGPT Pro customers since December 2024, preliminary feedback suggests that it only slightly outperforms the traditional o1 model in specific domains, such math and coding issues. Read More..

B2B Tech News | 11 days ago          

Apple Fixes Passwords App Security Flaw That Left Users Vulnerable to Phishing

For over three months, a security flaw in Apples Passwords app, which was released with iOS 18, left users vulnerable to possible phishing assaults.

For over three months, a security flaw in Apples Passwords app, which was released with iOS 18, left users vulnerable to possible phishing assaults. Attackers on the same WiFi network could intercept the apps usage of unencrypted HTTP connections to fetch website icons and password reset pages, causing users to be sent to malicious websites. In September 2024, security researchers Talal Haj Bakry and Tommy Mysk informed Apple of the problem. Apple fixed the problem with the December 2024 release of iOS 18.2, which included HTTPS connections. It is recommended that users update their devices to iOS 18.2 or later to protect themselves from this security vulnerability. Read More..

B2B Tech News | 11 days ago          

Synopsys Unveils “AgentEngineer” to Automate Semiconductor Design

Key tasks in semiconductor design can now be automated with Synopsys AIpowered "AgentEngineer" technology. Engineering teams are having difficulty ke

Key tasks in semiconductor design can now be automated with Synopsys AIpowered "AgentEngineer" technology. Engineering teams are having difficulty keeping up with the growing needs as chip complexity increases, particularly with AI servers needing hundreds of interconnected chips. The software from Synopsys, which is extensively used in semiconductor design, attempts to reduce this load by letting AI agents take care of particular duties like circuit testing. These agents will eventually organise intricate chip and system designs, guaranteeing prompt product delivery. CEO Sassine Ghazi emphasised how engineers are under increasing strain because of growing complexity, deadlines, and expenses. The project is part of a larger movement to use AI to improve R&D productivity without greatly growing engineering staff. Read More..

B2B Tech News | 11 days ago          

Nvidia and xAI Join $30 Billion AI Infrastructure Partnership

The AI Infrastructure Partnership AIP, a group supported by Microsoft, BlackRock, and MGX, has welcomed Nvidia and Elon Musks xAI. The AIP aims to spe

The AI Infrastructure Partnership AIP, a group supported by Microsoft, BlackRock, and MGX, has welcomed Nvidia and Elon Musks xAI. The AIP aims to spend more than $30 billion on AI infrastructure projects around the United States. The goal of this project is to build energy facilities and data centres to meet the processing demands of sophisticated AI applications like ChatGPT. The collaboration intends to raise $100 billion over the next four years, including debt funding. Together, GE Vernova and NextEra Energy will provide these data centres with effective energy solutions. This action demonstrates the industrys strong endeavour to increase AI infrastructure and capabilities. Read More..

B2B Tech News | 11 days ago          

China Grants ZeroTariff Access to All Imports from Least Developed Countries

By enacting a zerotariff policy for all goods originating from Least Developed Countries LDCs on December 1, 2024, China has reaffirmed its commitment

By enacting a zerotariff policy for all goods originating from Least Developed Countries LDCs on December 1, 2024, China has reaffirmed its commitment to these countries. China is the first big country to grant such extensive tariff exemptions, and this policy is applicable to LDCs that have diplomatic ties with China. By strengthening their export capacities and better integrating them into the global economy, the program seeks to support economic growth in LDCs. China has further supported these nations involvement in international commerce by providing $490,000 to the World commerce Organizations LDCs and Accessions Programme. These actions are a component of Chinas larger plan to foster mutual prosperity and improve relations with developing countries. Read More..

B2B Tech News | 11 days ago          

Kenya Seeks New IMF Deal Amid Rising Debt Pressures

The ninth review under the current Extended Fund Facility EFF and Extended Credit Facility ECF programs has terminated as a result of Kenyas formal re

The ninth review under the current Extended Fund Facility EFF and Extended Credit Facility ECF programs has terminated as a result of Kenyas formal request to the International Monetary Fund IMF for a new financing program. The current $3.6 billion agreement, which was started in April 2021, was scheduled to expire the following month. However, in order to preserve economic stability, the Kenyan government is looking for ongoing IMF assistance because of rising debtservicing costs brought on by massive borrowing and the cancellation of planned tax increases after last years protests. The request has been accepted by the IMF, which will work with Kenyan officials to create a new scheme. Read More..

B2B Tech News | 11 days ago          



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Refresh Your Facts

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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5.  Approximately 8 billion gadgets connect on the internet every day.
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