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Brazil Raises 2024 Growth Forecast to 2.5% Amid Retail and Job Gains

Brazils Finance Ministry increased its estimate of economic growth to 2.5% in 2024 from 2.2% in March, citing robust retail sales, the creation of job

Brazils Finance Ministry increased its estimate of economic growth to 2.5% in 2024 from 2.2% in March, citing robust retail sales, the creation of jobs, and the expansion of credit. However, recent floods in the Rio Grande do Sul have significantly increased inflation forecasts for 2024 and 2025 since they have affected supply chains and pricing for goods like rice, beef, and chicken. Inflation is predicted to hit 3.20% in 2025 and 3.70% in 2024. The ministry also predicts fewer interest rate reductions and a higher terminal interest rate, indicating a cautious attitude despite continued economic concerns and recent climate catastrophes. Read More..

B2B Tech News | 1 months ago          

Shanghai Eases Data Transfer Rules to Attract Foreign Investment

Shanghai has developed a list of information that may be sent abroad without requiring security evaluations to draw in foreign investment during an ec

Shanghai has developed a list of information that may be sent abroad without requiring security evaluations to draw in foreign investment during an economic slowdown. The action eases the worries of international companies, including Tesla, advocating for more convenient data transfers in light of Chinas more stringent national security regulations. Delays and misunderstandings result from the 2022 legislation requiring offshore data transfers connected to domestic businesses to undergo security evaluations. According to the citys trial initiative, companies in Shanghais freetrade Lingang Area can transfer "ordinary data" from the mutual fund, automobile, and biomedical industries without undergoing further evaluations. This effort, which intends to improve international corporate operations, responds to calls for greater clarity on crossborder data transfers. Read More..

B2B Tech News | 1 months ago          

MDL Marks 250th Anniversary with Special Commemorative Coin Release

A unique commemorative coin was released to mark the 250th anniversary of Mazagon Dock Shipbuilders Limited MDL. This is a significant turning point f

A unique commemorative coin was released to mark the 250th anniversary of Mazagon Dock Shipbuilders Limited MDL. This is a significant turning point for one of the most prominent shipyards in India. Since its founding in 1774, MDL has played a significant role in developing Indias marine capabilities and supporting economic expansion and defence. The commemorative coin has elaborate graphics representing MDLs long history and dedication to producing topnotch ships. This statement honours the commitment of MDLs employees and pays tribute to the companys legacy of excellence and innovation. The coin represents the potential and challenges that the maritime industry faces going forward, reiterating MDLs commitment to promoting Indias maritime legacy and position as a worldwide leader. Read More..

B2B Tech News | 1 months ago          

Zoho Ventures into Semiconductor Manufacturing with Major Investment

According to insiders, the Indian software company Zoho intends to join the semiconductor sector, putting up a $700 million investment and seeking gov

According to insiders, the Indian software company Zoho intends to join the semiconductor sector, putting up a $700 million investment and seeking government subsidies. With its headquarters in Tamil Nadu, Zoho was founded in 1996 and competes with Microsoft and Salesforce by providing subscriptionbased software services to businesses in 150 countries. The companys goal is to produce compound semiconductors used in specialised fields. The IT Ministry of India is presently reviewing this suggestion. CEO Sridhar Vembu suggested the Tamil Nadu chip design initiative in March. Zohos move into the chip business aligns with Indias $10 billion plan to develop its semiconductor sector. By 2026, the Indian semiconductor industry is expected to grow to a value of $63 billion. Read More..

B2B Tech News | 1 months ago          

"U.S. SEC Unanimously Approves Updated Rules on Data Breach Response" Reuters

The U.S. Securities and Exchange Commission SEC overwhelmingly approved revised guidelines to address the growing potential of data breaches. These am

The U.S. Securities and Exchange Commission SEC overwhelmingly approved revised guidelines to address the growing potential of data breaches. These amendments to the 2000 regulations guarantee that registered investment advisors, brokerdealers, and investment businesses have robust incident response plans. These programmes must identify, stop, and recover from cyber theft of consumers personal information. Affected firms also must warn individuals whose information could have been exposed. According to SEC Chair Gary Gensler, regulations must be updated to reflect the evolving threat picture of data breaches. Businesses that wish to comply will have between 18 months and two years after the modifications are published in the Federal Register. Read More..

B2B Tech News | 1 months ago          

EU Launches Investigation into Meta for Alleged Online Content Law Breaches

Due to suspected violations of online content legislation, the EU has opened a comprehensive inquiry into Meta with a primary focus on child protectio

Due to suspected violations of online content legislation, the EU has opened a comprehensive inquiry into Meta with a primary focus on child protection. Concerns include insufficient age verification and privacy safeguards, as well as the possibility that Facebook and Instagram might lead to behavioural addictions among young people. This comes after Meta released a risk assessment study in September 2023. According to EU Commissioner Thierry Breton, Meta may not be adhering to the Digital Services Act DSA, which requires the protection of the health of underage users. The investigation may result in sanctions for noncompliance of up to 6% of worldwide sales. This probe is part of a more extensive EU inquiry into digital companies, and Meta is also facing comparable child safety litigation in the US. Meta says it protects users with cuttingedge technologies. Read More..

B2B Tech News | 1 months ago          

Sundar Pichai Highlights India’s Key Role in Global AI Development at Google I/O 2024

During the Google I/O 2024 conference, Google CEO Sundar Pichai highlighted Indias potential to impact worldwide AI development. He emphasised the swi

During the Google I/O 2024 conference, Google CEO Sundar Pichai highlighted Indias potential to impact worldwide AI development. He emphasised the swift uptake of mobile phones in India, pointing out that many Indians had foregone landlines in favour of cell phones. According to Pichai, India is a big market for Google, with a sizable user base for services like YouTube and Search. Speaking about the difficulties with AI during the Indian elections, he talked about the SynthID tool, a watermark video used to stop deepfakes and AI manipulation. Pichai reiterated Googles dedication to providing cuttingedge AI tools and promoting Indias place in the global AI scene while expressing cautious confidence about resolving these difficulties. Read More..

B2B Tech News | 1 months ago          

Ampere Computing Teams Up with Qualcomm to Optimize AI Chip Power Efficiency

Ampere Computing has introduced a new product that pairs its chips with Qualcomm processors to lower the electricity used to run artificial intelligen

Ampere Computing has introduced a new product that pairs its chips with Qualcomm processors to lower the electricity used to run artificial intelligence devices. Renee James, a former president of Intel, founded Ampere, which makes central processor chips using technology from Arm Holdings that prominent organisations like Google and Oracle utilise. Amperes chips are designed to surpass industry heavyweights like AMD and Intel, emphasising energy efficiency. The partnership with Qualcomm, a leading provider of mobile phone processors, unifies their chips into a single data centre server and heralds the start of other collaborative projects. This collaboration attempts to execute AI models posttraining effectively, even though it does not directly compete with Nvidia. Ampere also revealed the upcoming iteration of their CPU, which would have 256 processing cores and be produced on TSMCs 3nanometer process, set for release next year. Read More..

B2B Tech News | 1 months ago          



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