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South Korea Unveils Corporate Governance Reform Plan

Reminiscent of Japans successful corporate governance changes, South Korea proposed a reform package to increase shareholder returns for listed corpor

Reminiscent of Japans successful corporate governance changes, South Korea proposed a reform package to increase shareholder returns for listed corporations. The "Corporate Valueup Programme" promotes initiatives that are done voluntarily to raise dividends and enhance governance. But when the markets expectations were not fulfilled, pressure to take profits increased. According to analysts, investors were disappointed by the ideas lack of strong incentives. The benchmark KOSPI index dropped, which had a significantly negative impact on cheap industries like banks and automobiles. Preferential tax treatment and the implementation of a shareholder value index are being studied as ways to encourage voluntary improvements. Despite these efforts, South Koreas market performance continues to lag behind its international counterparts, with many firms trading below book value. Read More..

B2B Tech News | 1 months ago          

Ant Group Outbids Citadel Securities for Credit Suisses China Venture

According to reports, Ant Group, a fintech behemoth, outbid Citadel Securities for Credit Suisses Chinese investment bank business. Beijing wants a fo

According to reports, Ant Group, a fintech behemoth, outbid Citadel Securities for Credit Suisses Chinese investment bank business. Beijing wants a foreign buyer, so Ants attempt to take over Credit Suisses businesses will be closely watched. UBS, the company that now owns Credit Suisse, must decide between Ants more enormous offer and Citadels cheaper offer, which has a better chance of receiving government clearance. Ant Group wants to become a fully regulated financial holding company by Chinese regulatory guidelines. Regarding the situation, UBS and Citadel have not responded. The auction occurs in the context of continuing restructuring at UBS following its merger with Credit Suisse and difficulties in Chinas Ashare market. Read More..

B2B Tech News | 1 months ago          

Broadcom Nears $3.8 Billion Deal to Sell EUC Business to KKR

According to people familiar with the situation, chipmaker Broadcom is nearing completion of a $3.8 billion agreement to sell its enduser computing EU

According to people familiar with the situation, chipmaker Broadcom is nearing completion of a $3.8 billion agreement to sell its enduser computing EUC division to private equity company KKR. Hock Tan, the CEO of Broadcom, wants to reduce the companys portfolio after acquiring VMware. In the EUC unit auction, KKR prevailed over rival companies such as EQT. The agreement, anticipated to be revealed soon, expands on KKRs earlier acquisitions of BMC and Ensono and signifies its ongoing presence in the IT industry. UBS Group, Jefferies, and KKRs capital market business provide debt financing, while Citigroup assists Broadcom. Evercore, Deutsche Bank, and Jefferies advise KKR. On the possible acquisition, Broadcom and KKR both declined to comment. Read More..

B2B Tech News | 1 months ago          

G20 Foreign Ministers Convene in Rio de Janeiro, Led by Brazil

The G20s foreign ministers met in Rio de Janeiro, under the direction of Brazil, to discuss issues such as rising international tensions, the climate

The G20s foreign ministers met in Rio de Janeiro, under the direction of Brazil, to discuss issues such as rising international tensions, the climate problem, and poverty. Priorities, including increasing the presence of poor countries in organisations that oversee global governance, were emphasised by Brazils president. The fight against hunger, poverty, and inequality, as well as sustainable development and governance reform, were prioritised by Foreign Minister Mauro Vieira. The large amount of money spent on the military worldwide has drawn criticism since it may be better used for assistance and development initiatives. Amid more than 170 active conflicts globally and escalating geopolitical tensions, the goal of the gathering is to establish a schedule for the next Rio Summit. In Brasilia, Brazilian President Lula also met with US Secretary of State Blinken to talk about issues relating to global governance. Read More..

B2B Tech News | 1 months ago          

Alcoa Proposes $2.2 Billion AllStock Acquisition of Alumina

The American aluminium behemoth Alcoa has put out a $2.2 billion allstock takeover offer for its Australian joint venture, Alumina, to streamline oper

The American aluminium behemoth Alcoa has put out a $2.2 billion allstock takeover offer for its Australian joint venture, Alumina, to streamline operations and increase upstream visibility. The main asset of Alumina is its 40% share in the joint venture Alcoa World Alumina and Chemicals, which has interests in the mining of bauxite, the refining of Alumina, and the smelting of aluminium in several nations. The purchase is anticipated to leverage debtrelated tax advantages and remove Aluminas yearly overhead expenditures. William Oplinger, CEO of Alcoa, emphasised the potential for expansion of the worldwide presence. Alcoa shares would be awarded to Alumina stockholders, giving them a 31% ownership position in the combined company. The Alumina board supports the agreement, but it is still being determined whether it will become legally enforceable. The alumina sector faces challenging market circumstances at the time of Alcoas proposal. Read More..

B2B Tech News | 1 months ago          

Capgemini Expands Alliance with Unity, Acquires Digital Twin Professional Services Arm

Capgemini and Unity have strengthened their partnership by acquiring Unitys Digital Twin Professional Services division to create a premier pool of Un

Capgemini and Unity have strengthened their partnership by acquiring Unitys Digital Twin Professional Services division to create a premier pool of Unity corporate developers. With this action, the automotive and healthcare industries can use realtime 3D RT3D visualisation software for digital twins more quickly. With Unitys experience, companies may successfully utilise immersive experiences with Capgeminis business transformation services. The CEO of Capgemini, William Rozé, underscores the companys ability to satisfy business expectations. At the same time, Jim Whitehurst, the CEO of Unity, emphasises the importance of Unitys technology for intelligent product creation. Through interactive 3D experiences, the partnership seeks to scale industryspecific solutions like immersive training and simulation to improve knowledge transfer and workplace safety. Read More..

B2B Tech News | 1 months ago          

RCMP Confirms Cyberattack on Their Systems, Assures No Impact on Operations

On Friday, the Royal Canadian Mounted Police RCMP verified that a worrying hack had attacked its networks. However, they reassured the public that the

On Friday, the Royal Canadian Mounted Police RCMP verified that a worrying hack had attacked its networks. However, they reassured the public that there was no known threat to Canadians safety and security and that it did not affect RCMP activities. Even though things are changing quickly, the RCMP stressed that they have taken steps to mitigate the attack. The scope of the breach is being investigated, and as of right now, there are no known effects on intelligence services. This event underscores the persistent threat presented by cyberattacks to vital infrastructure and personal information security in Canada, which comes after a data breach in the Canadian governments foreign affairs department last month. Read More..

B2B Tech News | 1 months ago          

Rotech Healthcare Assessing Patients Affected by Cybersecurity Breach Involving Philips Unit

On Friday, Rotech Healthcare ROTK.O disclosed that it is reviewing a list of patients who could have been impacted by a cybersecurity incident affecti

On Friday, Rotech Healthcare ROTK.O disclosed that it is reviewing a list of patients who could have been impacted by a cybersecurity incident affecting the Respironics division of its partner Philips PHG.AS. The hack, uncovered on June 5, included an uninvited attacker using malware to access data kept on a Respironics server. After conducting a comprehensive investigation and promptly safeguarding the systems, Respironics discovered that on May 31, 2023, a third party removed data that may have included patients personal information. Philips unit informed customers on December 20 about the situation affecting the thirdparty software product MOVEit Transfer. Although Rotech has not yet revealed the specifics of the affected people, it is presently examining the patient list that Respironics submitted on December 26. Read More..

B2B Tech News | 1 months 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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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.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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