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Ghana’s New Finance Minister Plans to Seek IMF Support to Revive Struggling Economy

To help stabilise the faltering economy, Cassiel Ato Forson, Ghanas new finance minister, intends to approach the International Monetary Fund IMF for

To help stabilise the faltering economy, Cassiel Ato Forson, Ghanas new finance minister, intends to approach the International Monetary Fund IMF for further funding. Reliance on Treasury bills has not worked, Forson said ahead of a meeting with an IMF group in Accra, underscoring the necessity of working with local and foreign partners for essential funding. He wants to stop inflation, cut waste, cut public spending, and resume issuing domestic bonds by midyear. Ghana, which defaulted on most of its external debt in 2022, is almost finished with a problematic restructuring procedure. Since taking office, President John Dramani Mahama has prioritised fixing issues in the cocoa industry and revitalising the economy. Read More..

B2B Tech News | 2 months ago          

Insignia Financial Shares Soar as Bain Capital Raises Bid to A$2.87 Billion

With a private equity firm, Bain Capital, increasing its offer to A$2.87 billion $1.76 billion to match rival CC Capitals proposal, shares of Australi

With a private equity firm, Bain Capital, increasing its offer to A$2.87 billion $1.76 billion to match rival CC Capitals proposal, shares of Australias Insignia Financial IFL.AX jumped to a multiyear high on Monday. The amended offer gives Insignia shareholders A$4.30 per share, a premium of 4.4% over Insignias most recent closing price of A$4.12 and 7.5% above Bains first offering. A$4.25, the share price of Insignia, a 178yearold wealth manager offering asset management, financial advising, and superannuation, increased by up to 3.2%. Both companies are fighting for access to Australias A$4.1 trillion superannuation system, and the bidding war is the beginning of M&A activity in the country for 2025. Read More..

B2B Tech News | 2 months ago          

TSMC Projected to Report 58% Surge in Q4 Profit Amid AI Demand Boom

Due to rising demand, Taiwan Semiconductor Manufacturing Co. TSMC, the worlds top manufacturer of cuttingedge chips for AI applications, is expected t

Due to rising demand, Taiwan Semiconductor Manufacturing Co. TSMC, the worlds top manufacturer of cuttingedge chips for AI applications, is expected to record a stunning 58% increase in fourthquarter profit, hitting T$377.95 billion $11.41 billion. The U.S. technology restrictions on China and the uncertainty surrounding the upcoming Trump government, which may impose sweeping import taxes, pose problems for TSMC despite the AI megatrends benefits. Analysts predict that AI clients will be the primary driver of TSMCs growth in 2025. While keeping the majority of its operations in Taiwan, the business is making significant investments in new plants, including a $65 billion project in Arizona. TSMC will also update its capital expenditure and output outlook at its next earnings call. Read More..

B2B Tech News | 2 months ago          

Miio Fintech Suffers Major Data Breach, Exposing 2.9 Million KYC Files

Miio, a financial company based in Mexico, had a significant data breach that may have affected all its clients by exposing up to 2.9 million KYC Know

Miio, a financial company based in Mexico, had a significant data breach that may have affected all its clients by exposing up to 2.9 million KYC Know Your Customer files from 2017. There is a substantial risk of fraud and identity theft because the compromised data contains private information, including drivers licenses, passports, IDs, and customer selfies. After finding the unsecured data on 12 September 2024, cybersecurity researchers notified them on 2 October. However, the corporation has allegedly not responded. Malicious actors might be able to start accounts, apply for loans, or seize control of alreadyexisting accounts thanks to the leaked data. To guard against fraud and illegal access to their data, experts advise Miio users to remain alert and keep a tight eye on their financial transactions. Read More..

B2B Tech News | 2 months ago          

New Banshee Infostealer Version Evades macOS XProtect Antivirus

An updated variant of the Banshee infostealer, a macOSspecific spyware that can evade Apples XProtect antivirus, has been found by Check Point Researc

An updated variant of the Banshee infostealer, a macOSspecific spyware that can evade Apples XProtect antivirus, has been found by Check Point Research. It began as a $3,000/month stealerasaservice in the middle of 2024, but its source code breach in November 2024 caused it to spread widely among threat actors. The upgraded version no longer avoids Russian users and uses sophisticated string encryption to prevent detection, suggesting a new development team. It targets negligent software engineers by posing as genuine software and spreading via GitHub. Lumma Stealer, Banshees Windows counterpart, has operated since September 2024. Researchers emphasise the necessity for proactive cybersecurity measures by warning of macOSs growing prominence as a target for sophisticated cyber assaults. Read More..

B2B Tech News | 2 months ago          

China Unveils National Data Infrastructure Plan with Blockchain at Its Core

China has released recommendations for developing a national data infrastructure, focusing on integrating blockchain technology to improve data manage

China has released recommendations for developing a national data infrastructure, focusing on integrating blockchain technology to improve data management, exchange security, and efficiency. The National Development and Reform Commission and other authorities hope to overcome trust and security issues in data circulation by utilising blockchains decentralised and impenetrable characteristics, like smart contracts. The project seeks to develop a reliable data system for use in industrial and governmental applications that combines hardware, software, and algorithms. The primary infrastructure will be deployed by 2029, and the design will be finished by 2026. China continues to invest in blockchain technology, promoting initiatives like its central bank digital currency and worldwide blockchain infrastructure for the Belt and Road Initiative, even if it banned cryptocurrencies in 2021. Read More..

B2B Tech News | 2 months ago          

Elon Musk’s xAI Launches Standalone Grok AI Chatbot App for iOS

Grok, the AI chatbot developed by Elon Musks xAI, is now available as a standalone iOS app after a month of beta testing. The app retains all the web

Grok, the AI chatbot developed by Elon Musks xAI, is now available as a standalone iOS app after a month of beta testing. The app retains all the web version features, allowing users to generate images, perform web and Xbased searches, and compose essays and emails without requiring an X formerly Twitter account login. However, signing in with an X or Apple account provides a more personalized experience. Though officially launched in the US, the app is also functional in India. Powered by the Grok 2 AI model, the app supports both free and premium versions. Initial testing indicates smooth performance with no latency or glitches, though some features, like "Fun mode," may be limited to X Premium subscribers. Read More..

B2B Tech News | 2 months ago          

Unacast Confirms Hack Targeting Subsidiary Gravy Analytics, Potentially Exposing Personal Data

Public broadcaster NRK in Norway stated that location tracking business Unacast has acknowledged to the authorities that it was compromised. According

Public broadcaster NRK in Norway stated that location tracking business Unacast has acknowledged to the authorities that it was compromised. According to reports, the hack affected its subsidiary Gravy Analytics when a web server was accessed via a "misappropriated" key. The breach, discovered on January 4, is being investigated, and initial results suggest that some of the stolen files may contain personal information. After leaked data appeared online, the incident drew attention, with experts stating that the data seemed authentic. The data protection body in Norway, Unacast, and its solicitors, BakerHostetler, have not responded. This attack highlights the dangers of data brokers and the possible disclosure of private data. Read More..

B2B Tech News | 2 months ago          



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