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Weibo CEO Wang Gaofei Puts an End to Online Anonymity

Wang Gaofei, the CEO of Weibo in China, has declared that a policy that will reduce anonymity for online commentators in the political and financial d

Wang Gaofei, the CEO of Weibo in China, has declared that a policy that will reduce anonymity for online commentators in the political and financial domains will soon be implemented. The decision was made during Chinas growing internet control and government surveillance. Still trying to figure out where these instructions originated, but prominent Weibo users have stated that users with one million or more followers may be impacted. Wang, who has 957,000 followers, is willingly testing the rules on his account first. He said people who have 500,000 or more followers may eventually be included. To get around the policy, users can remove followers. Chinas internet censorship body has started taking severe measures against prominent bloggers and independent media organisations. Read More..

B2B Tech News | 1 years ago          

Hackers Infiltrate Okta Support System, Tumbling the Shares by 12%

Following the disclosure of a security compromise in its customer assistance system on Friday, Oktas shares fell by 12%. Hackers could access files up

Following the disclosure of a security compromise in its customer assistance system on Friday, Oktas shares fell by 12%. Hackers could access files uploaded by particular clients thanks to the breach. According to Chief Security Officer David Bradbury, the compromise used credentials that had been stolen to gain access to Oktas support case management system. It was unclear which customers were impacted or what kind of data was exposed. Okta clarified that the operational service, which was not impacted, is not the same as the support system. The San Franciscobased company serves Microsoftbacked OpenAI and other clients by offering identity services, including multifactor authentication and single signon. Oktas stock ended the day down 11.6% at $75.57. Read More..

B2B Tech News | 1 years ago          

Cryptos See Gains Amidst Fed Chairs Comments

Bitcoin and other cryptocurrencies saw rises after US Federal Chair Jerome Powell declared that existing interest rates would be maintained. While Eth

Bitcoin and other cryptocurrencies saw rises after US Federal Chair Jerome Powell declared that existing interest rates would be maintained. While Ethereum increased by 2% but stayed below $1,600, Bitcoin saw a brief decline before rising by almost 3% to recapture the $29,000 mark. Altcoins gained as well. Meanwhile, a lawsuit alleging fraud surpassing $1 billion was filed in New York against Digital Currency Group, its subsidiary Genesis Global Capital, and cryptocurrency exchange Gemini. In a single day, the value of the global cryptocurrency market rose by 3% to $1.11 trillion despite a 7% increase in trading volumes. Read More..

B2B Tech News | 1 years ago          

Big Changes Coming to South Africa Amidst Bridgestones Retail ShakeUp

The biggest tyre company in the world, Bridgestone, is considering closing many of its retail locations in South Africa. Out of its 22 retail location

The biggest tyre company in the world, Bridgestone, is considering closing many of its retail locations in South Africa. Out of its 22 retail locations in South Africa, Eswatini, and Zambia, the Japanese multinational may close 14 of them 11 of these closures would affect South Africa and potentially affect 290 employees. The company attributed the possible closures to a challenging business environment, including falling tyre demand, lower import prices, power outages, and increased operating expenses. Bridgestone is also looking into merging its Supa Quick franchise with its commercial retail division to strengthen its competitive position. Despite the closures, Bridgestone underlined its dedication to supporting local manufacturing in South Africa. Read More..

B2B Tech News | 1 years ago          

Graphite Exports Tighten China Grip Amid Security Fears

In an attempt to protect national security, China, the worlds largest producer and exporter of graphite, has announced that some graphite goods must h

In an attempt to protect national security, China, the worlds largest producer and exporter of graphite, has announced that some graphite goods must have export licences. The European Union is considering imposing tariffs on electric vehicles EVs manufactured in China, while the United States government is imposing more limitations on Chinese companies access to semiconductors. These developments contribute to Chinas growing criticism from other countries about its industrial practices. With effect for essential graphite commodities starting on December 1, Chinas Commerce Ministry emphasised the measures significance for the countrys national security and global supply chain. This action might impact South Korean businesses that import a lot of graphite from China, which could raise expenses. Japan may request information regarding the measures operational policies by using WTO regulations. Read More..

B2B Tech News | 1 years ago          

Coverage Chaos Hits Israeli and Lebanese Airplanes

Due to the ongoing conflicts in the area, a number of aviation war insurance providers have initiated the cancellation of coverage for airlines headqu

Due to the ongoing conflicts in the area, a number of aviation war insurance providers have initiated the cancellation of coverage for airlines headquartered in Israel and Lebanon. During significant disputes that are judged to represent longterm danger, insurers based in Europe, America, and Lloyds of London may give a sevenday notice of cancellation or other changes to insurance conditions. These notifications have been sent to Israeli carriers, such as Arkia, Israir, and El Al Airlines. Concerns about the effects of the conflict and the Israeli governments assurance of insurance against war risks impact the cancellation of coverage. Middle East Airlines, a Lebanese airline, has remained silent about the situation. Different restrictions apply to other airlines outside the crisis zone, but cancellations are not one of them. Read More..

B2B Tech News | 1 years ago          

US House Panel Urges Swift Action on National AI Privacy Law

Members of a House subcommittee stress that creating a national privacy law should be the first step in the legislative regulation of artificial intel

Members of a House subcommittee stress that creating a national privacy law should be the first step in the legislative regulation of artificial intelligence AI. Anxieties surround Chinas potential to influence international AI usage and data collecting standards. For more than 20 years, the US Congress has debated a national privacy law, but agreement still needs to be reached. Since OpenAIs ChatGPT made its public debut, tech giants have been integrating generative AI rapidly, which has increased the urgent need for data governance. Representatives emphasise the significance of spearheading AI development and protecting information to stop discrimination and misuse, highlighting the necessity of national data protection rules. Read More..

B2B Tech News | 1 years ago          

Philips Surprising Tech Scheme Amidst Trade Turbulence

Philips, a Dutch healthcare equipment provider, is adjusting its supply chain significantly in response to growing trade concerns. The company intends

Philips, a Dutch healthcare equipment provider, is adjusting its supply chain significantly in response to growing trade concerns. The company intends to increase the percentage of its products supplied and assembled in China to 90% by 2024 from the present 75% and 48% in 2022 for the Chinese market. In response to shortages of chips, Philips is changing how it sources custom chips for CT scanners and ultrasound devices, choosing instead to use more expensive, newer chips that are available from several suppliers. These adjustments may increase prices, but CEO Roy Jakobs stressed that no margin will be lost. Philips will keep sourcing parts from China while adjusting for regional needs in other regions. Read More..

B2B Tech News | 1 years ago          



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