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Malawi’s Central Bank Holds Interest Rate at 26% to Combat Inflation Above 30%

Due to the necessity of a strict monetary strategy to prevent inflation from exceeding 30%, Malawis central bank has maintained its key lending rate a

Due to the necessity of a strict monetary strategy to prevent inflation from exceeding 30%, Malawis central bank has maintained its key lending rate at 26.0%. This decision was made amidst economic uncertainty, poor agricultural output, and a scarcity of dollars, all of which have fostered a thriving illicit foreign exchange market. After downgrading its forecast for economic growth from 4.0% to 3.2%, the Reserve Bank of Malawi attributed the slowdown to prolonged dry spells and delayed rainfall. By keeping the policy rate unchanged since February 2024, the Monetary Policy Committee MPC affirmed that the current stance is sufficiently stringent to reduce inflation. Read More..

B2B Tech News | 2 months ago          

Pakistan Seeks $1.3 Billion IMF Loan After India’s Retaliatory Strikes

Citing significant losses due to Indias retaliatory strikes, Pakistans Economic Affairs Division has requested additional loans from foreign lenders.

Citing significant losses due to Indias retaliatory strikes, Pakistans Economic Affairs Division has requested additional loans from foreign lenders. This appeal comes ahead of a crucial IMF meeting where Pakistans request for a $1.3 billion loan will be discussed. Officials later denied posting the loan request, claiming their X account had been hacked. India has questioned the effectiveness of Pakistans previous bailout packages and urged the IMF to act with caution. Before making decisions on loan disbursements or policy changes, the IMF board will assess Pakistans economic performance. Read More..

B2B Tech News | 2 months ago          

Bhutan Becomes First Nation to Launch National Crypto Tourism Payment System

In collaboration with Binance Pay and DK Bank, Bhutan has launched a nationwide cryptocurrency tourism payment system that allows visitors to use cryp

In collaboration with Binance Pay and DK Bank, Bhutan has launched a nationwide cryptocurrency tourism payment system that allows visitors to use cryptocurrency to pay for local shops, flights, accommodation, and visas. The programmes objectives are to reduce currency exchange costs and enhance payment accessibility, particularly for small business owners and regional artisans. Travellers can utilise over 100 cryptocurrency assets, including Bitcoin BTC, USDC, and Binances BNB. DK Bank manages instant cryptocurrencytofiat transfers. Bhutan was the first nation to implement cryptocurrency payments on a national scale, thanks to the technology, which ensures realtime confirmations and minimal transaction fees. Read More..

B2B Tech News | 2 months ago          

Bain Capital to Exit China’s Data Center Market Amid Global Investment Shift

Bain Capital, which is likely worth over $4 billion, is preparing to sell its data centre business in China. In recent months, the firm has engaged fi

Bain Capital, which is likely worth over $4 billion, is preparing to sell its data centre business in China. In recent months, the firm has engaged financial advisers and held initial discussions with potential buyers. Previously part of Chindata Group, which Bain Capital acquired in 2023 for $3.16 billion, the company is now operating under the WinTriX DC Group name. This transaction comes at a time when valuations in the data centre industry are increasing due to the demand for cloud computing and the growth of AI. Analysts suggest that as Chinas hyperscale data centre expansion slows, Bain Capital is shifting its focus to overseas ventures. Read More..

B2B Tech News | 2 months ago          

Germany’s Commerzbank Reports 12% Profit Growth Amid Italy’s UniCredit Takeover Speculation

In the first quarter of 2025, Commerzbank from Germany reported a 12% increase in net profit, surpassing analyst projections of €698 million to achi

In the first quarter of 2025, Commerzbank from Germany reported a 12% increase in net profit, surpassing analyst projections of €698 million to achieve €834 million £936 million. While Commerzbank fends off a potential takeover attempt by Italys UniCredit, the company revealed strong results. Increased interest income and cost reductions bolstered the banks performance, supporting its independent expansion plan. Amidst European banking consolidation efforts, the results illustrate Commerzbanks resilience in a fiercely competitive industry. Read More..

B2B Tech News | 2 months ago          

Mistral Launches Medium 3, Challenging AI Leaders with EnterpriseFocused Model

Mistral has introduced Medium 3, a multimodal AI model that offers competitive pricing and excellent performance aimed at enterprise applications. It

Mistral has introduced Medium 3, a multimodal AI model that offers competitive pricing and excellent performance aimed at enterprise applications. It outperforms Claude 3.7 Sonnet, GPT4o, and Llama 4 Maverick in benchmarks such as Math500 Instruct, HumanEval, and ArenaHard. By facilitating hybrid and onpremises deployment, Medium 3 allows businesses to customise it for their internal data needs. Its pricing, at $0.40 per million input tokens and $2 per million output tokens, places competitors at a significant disadvantage. The model is available on Amazon Sagemaker and Mistral La Plateforme, and will soon be accessible on Google Vertex AI, Nvidia NIM, IBM WatsonX, and Azure AI Foundry. Read More..

B2B Tech News | 2 months ago          

Hugging Face Introduces Open Computer Agent for AIPowered Automation

Hugging Face has launched Open Computer Agent, a free artificial intelligence programme that operates a virtual Linux computer autonomously to conduct

Hugging Face has launched Open Computer Agent, a free artificial intelligence programme that operates a virtual Linux computer autonomously to conduct data entry, navigation, and web searches. This agent utilises the visionlanguage model Qwen2VL72B, which identifies objects using coordinates, facilitating onscreen interaction. In a cloudhosted environment, users can command the AI with natural language, prompting it to carry out various tasks. While the agent performs well for basic activities, it struggles with more complex workflows, such as booking flights and completing CAPTCHA verifications. Hugging Face highlights the growing application of agentic AI in automation, positioning this as an opensource alternative to proprietary AI agents like OpenAIs Operator. Read More..

B2B Tech News | 2 months ago          

LockBit Ransomware Gang Suffers Major Breach, Exposing Bitcoin and Negotiation Logs

Bitcoin addresses, affiliate information, and negotiation records were made public due to a significant breach involving the LockBit ransomware gang.

Bitcoin addresses, affiliate information, and negotiation records were made public due to a significant breach involving the LockBit ransomware gang. Hackers left a message stating, "Dont do crime," after defacing LockBits dark web panels. "CRIME IS A WARNING," alongside Pragues "xoxo," was coupled with a link to a MySQL database dump. The compromised information included 4,442 negotiation messages, 59,975 Bitcoin addresses, and details on affiliates ransomware builds. According to security experts, the breach occurred around 29 April 2025, possibly as a result of a recent Everest ransomware attack. While acknowledging the hack, LockBit asserted that neither private keys nor decryptors were exposed. This incident follows the removal of LockBits infrastructure in 2024 as part of Operation Cronos. Read More..

B2B Tech News | 2 months ago          



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