Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

HEADLINES

Itochus Profit Decline Linked to Resource Price Drop

Itochu, a Japanese trading company, reported a 14.5% decrease in net profit for the first half of 2023. The company attributed this reduction mainly t

Itochu, a Japanese trading company, reported a 14.5% decrease in net profit for the first half of 2023. The company attributed this reduction mainly to decreased pricing for iron ore and coal. For the entire fiscal year that ends in March 2024, the business has updated its profit prediction, raising it by JPY 20 billion $169 million to JPY 800 billion $6.8 billion. This change stems from anticipated improvements in nonresource business development and a depreciating value of the yen. Itochu also disclosed a JPY 75 billion $636 million share repurchase programme in addition to the revision of the earnings expectation. Read More..

B2B Tech News | 1 years ago          

Westpac Thrives with 25% Profit Boost

Australian bank Westpac has announced a 25% rise in yearly earnings, offsetting a decline in mortgage lending profits with corporate lending and oneti

Australian bank Westpac has announced a 25% rise in yearly earnings, offsetting a decline in mortgage lending profits with corporate lending and onetime advantages. Its consumer sector, which accounts for about 25% of all mortgages in Australia, experienced a 7% drop in earnings. But profit growth was also seen in the banks smaller commercial and institutional groups, and it also benefited from lower onetime charges, like losses on asset sales. Profits for Westpac as a whole rose to AUD 7.2 billion $4.7 billion. The bank has increased the value of its shares and intends to repurchase AUD 1.5 billion of stock. Read More..

B2B Tech News | 1 years ago          

Cybersecurity Alert Infosys U.S. Unit Hit by Disruption

The American branch of the Indian IT services company Infosys McCamish Systems reported that it experienced a cyber security breach that rendered seve

The American branch of the Indian IT services company Infosys McCamish Systems reported that it experienced a cyber security breach that rendered several of its systems and apps inoperable. In order to address the problem, Infosys is collaborating with a cybersecurity firm, and it has initiated an inquiry to ascertain any possible effects on its data and systems. Regarding the nature of the cyber incident and any data breaches, the corporation has not released any additional information. This incident brings attention to the persistent cyberthreats that affect businesses worldwide and the requirement for strong cybersecurity defences. Read More..

B2B Tech News | 1 years ago          

China Extends Warm Welcome to Microns Market Presence

After meeting with Sanjay Mehrotra, the president and CEO of Micron Technology Inc., Wang Wentao, Chinas commerce minister, expressed gratitude for th

After meeting with Sanjay Mehrotra, the president and CEO of Micron Technology Inc., Wang Wentao, Chinas commerce minister, expressed gratitude for the companys increased presence in the Chinese market. Wang underlined Chinas readiness to enhance the atmosphere for foreign investment and offer service assurances to international businesses. The meetings upbeat atmosphere suggests that ties between China and the US are improving. This comes after China had previously taken the step to assess network security, which had an impact on Micron and led to Chinese operators of vital infrastructure being prohibited from making purchases from the large American memory chip manufacturer. The current defusing of hostilities coincides with ongoing efforts to set up a meeting between Chinese President Xi Jinping and U.S. President Joe Biden for later this month. Read More..

B2B Tech News | 1 years ago          

Ant Groups AI Revolution Gets the Green Signal in China

The Chinese government has given Ant Group, Alibabas financial subsidiary, permission to release goods for general consumption that are powered by its

The Chinese government has given Ant Group, Alibabas financial subsidiary, permission to release goods for general consumption that are powered by its "Bailing" AI large language model. China, in contrast to other nations, has stringent rules requiring government approval and security studies before releasing AI technologies for public use. In September, Ant Group launched a financefocused AI model and started testing consumer and business applications for these goods. This was a significant step towards the adoption of AIpowered solutions in Chinas financial industry. Read More..

B2B Tech News | 1 years ago          

Musks xAI A Comedy Spin on Artificial Intelligence

In addition to being a standalone app, Elon Musks artificial intelligence business, xAI, will be incorporated into his social media network, X. Musk m

In addition to being a standalone app, Elon Musks artificial intelligence business, xAI, will be incorporated into his social media network, X. Musk made this declaration in a recent post. The startup unveiled Grok, its first AI model that aims to provide humorous answers to queries. Musk wants to develop AI technologies that support humanitys pursuit of knowledge and understanding. xAI works closely with Musks other businesses, which include Tesla, an electric vehicle company, and his social networking platform X. Musk has criticised Big Techs artificial intelligence initiatives, and xAI is positioned as a "maximum truthseeking AI" to compete with Microsofts Bing AI and Googles Bard AI. Read More..

B2B Tech News | 1 years ago          

Societe Generales Q3 Net Profit Soars by Over a Third

Increased income at Societe Generales worldwide retail, financial services, and insurance divisions contributed to a more than threefold increase in t

Increased income at Societe Generales worldwide retail, financial services, and insurance divisions contributed to a more than threefold increase in the French banks thirdquarter net profit. SocGens net profit for the third quarter of 2018 increased by 35.7% year over year to 1.1 billion euros $1.25 billion. The international retail banking segment, which profited from the consolidation of the recently acquired Romanian bank BT Microcredit, and its financial services and insurance arm, which saw a recovery in its insurance sector, drove the 3.9% increase in total group income to 6.3 billion euros. Read More..

B2B Tech News | 1 years ago          

Canadian Newcomer Alfajiri Wins Congos HighStakes Lake Kivu Gas Deal

The Canadian startup Alfajiri Energy Corporation was given the goahead to extract methane from Lake Kivu by the Democratic Republic of the Congo, even

The Canadian startup Alfajiri Energy Corporation was given the goahead to extract methane from Lake Kivu by the Democratic Republic of the Congo, even though it didnt match the tenders financial requirements. Given the "killer lakes" potential for a catastrophic eruption, the Lake Kivu project, which aims to produce gas for power generation and alleviate the nations electricity need, has been controversial. The project came up for auction by a 2015 law intended to encourage openness in the oil and gas industry however, Alfajiri Energy Corporation was unable to participate since it did not have the necessary financial records. Moreover, an assessment report dated December 8, 2022, seemed to have been modified to prioritise Alfajiri. Read More..

B2B Tech News | 1 years ago          



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   8778   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   7293   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   7639   

4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
   7751   

5.  Approximately 8 billion gadgets connect on the internet every day.
   8924   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.