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Kenyas Privatization Plans Halted by Court Following Opposition Appeal

After the significant opposition party appealed, a Kenya court delayed privatising 11 stateowned businesses, including the national oil and gas corpor

After the significant opposition party appealed, a Kenya court delayed privatising 11 stateowned businesses, including the national oil and gas corporation. Because of the strategic significance of the firms, opposition leader Raila Odinga claimed that a referendum should be held before selling state ownership. Judge Chacha Mwita of the High Court declared that he was "satisfied that the opposition application raises constitutional and legal issues of public importance that require critical examination." The selling procedure has been put on hold until February 6, when the matter will be reviewed independently. To bolster state coffers in the face of declining tax collections, the Kenyan government announced on November 27 that it was selling shares in 11 public enterprises. Read More..

B2B Tech News | 2 months ago          

Data Breach at Fresenius Medical Care Exposes 500,000 Patient Records

The data warehouse of a U.S. affiliate of the dialysis company Fresenius Medical Care had a breach that resulted in the loss of information, including

The data warehouse of a U.S. affiliate of the dialysis company Fresenius Medical Care had a breach that resulted in the loss of information, including medical records, belonging to around 500,000 current and past patients. The event, which was discovered on September 29, impacted people in four nations, many states, and U.S. territory. With the help of a forensic firm, the corporation started an inquiry. After gaining access to particular systems, the hacker encrypted data and reported that it had been taken. Although any lawsuits and reputational harm will be considered, Fresenius Medical does not foresee a significant impact on its finances and operations. Read More..

B2B Tech News | 2 months ago          

Nvidia Collaborates with U.S. Government to Navigate Chip Export Restrictions

According to Jensen Huang, CEO of Nvidia, the business is working closely with the US government to ensure that new chips for the Chinese market compl

According to Jensen Huang, CEO of Nvidia, the business is working closely with the US government to ensure that new chips for the Chinese market comply with export regulations. Historically, Nvidia has controlled more than 90% of Chinas $7 billion AI chip market. Chinese rivals should benefit from the US governments current restrictions on chip exports. Huang underlined the companys commitment to working with the government to produce products that comply with rules, even if he did not confirm a Reuters article regarding postponing a new AI chip launch centred on China. He also stated that negotiations with the market are still ongoing. Read More..

B2B Tech News | 2 months ago          

AI and Privacy UK Information Commissioner Issues Warning to Companies

The UKs Information Commissioner, John Edwards, has warned businesses utilising artificial intelligence AI to put peoples privacy rights first, failin

The UKs Information Commissioner, John Edwards, has warned businesses utilising artificial intelligence AI to put peoples privacy rights first, failing which they risk fines and a decline in public confidence. Edwards underlined that when integrating AI into goods or services, businesses must consider privacy, data security, and individual rights. He issued a warning, saying that breaking data protection laws would not be lucrative and that sanctions would be applied in proportion to any unjustified profits gained from breaking the law. To promote AI adoption and stimulate societal innovation and progress, Edwards emphasised the significance of establishing confidence in the technology. Read More..

B2B Tech News | 2 months ago          

Wyden Raises Alarm Over Government Surveillance Through App Push Notifications

Senator Ron Wyden of the United States has issued a warning, claiming that unnamed nations obtain data from tech behemoths Apple and Google through pu

Senator Ron Wyden of the United States has issued a warning, claiming that unnamed nations obtain data from tech behemoths Apple and Google through push notifications from applications. Foreign authorities have requested data using push notifications. According to a letter that Wyden wrote to the Department of Justice, this technique is not well known to the general public. Push alerts frequently pass via Apple and Google servers, offering exclusive insights into user behaviour. Apple said that it will update its transparency reporting despite the federal governments ban on releasing information. Google stated that it will notify users of these requests. Read More..

B2B Tech News | 2 months ago          

Major Airline Merger Alaska Air Group to Buy Hawaiian Holdings for $1.9 Billion

It revealed that Alaska Air Group Inc. will acquire Hawaiian Holdings Inc. for $1.9 billion, including debt. Alaska Air will make a cash payment of $1

It revealed that Alaska Air Group Inc. will acquire Hawaiian Holdings Inc. for $1.9 billion, including debt. Alaska Air will make a cash payment of $18 per share, nearly four times what Hawaiian closed on Friday. Hawaiian Airlines is going through a difficult time right now, as problems like wildfires on Maui, expensive gasoline, and jet engine recalls are harming the airlines bottom line. Antitrust authorities anticipate scrutinising the deal, mainly because other airline mergers, including JetBlues proposed acquisition of Spirit Airlines, are being contested by US regulators. Should the deal be authorised, Alaska Air would have more than 50% of the market for flights to Hawaii. Read More..

B2B Tech News | 2 months ago          

Bitcoin Surges Past $40,000, Hits Highest Level Since April 2022

Bitcoin reached $41,522, its highest amount since April 2022, after surging beyond $40,000. Cheerful optimism surrounding prospective interest rate re

Bitcoin reached $41,522, its highest amount since April 2022, after surging beyond $40,000. Cheerful optimism surrounding prospective interest rate reductions in the U.S. and the expectation of the approval of U.S.listed bitcoin funds have been credited with the cryptocurrencys recent surge. A 50% rise since midOctober is considered a substantial departure from the 2022 bear market trend. Renewed interest in November has been partly attributed to institutional purchases. Expectations of further investor engagement in the cryptocurrency space have been stoked by the general market euphoria and rumours that the U.S. SEC wont appeal a court decision on a bitcoin ETF application. Read More..

B2B Tech News | 2 months ago          

Uber to Join S&P 500 Recognition of Market Value and Growing Influence

Effective December 18, Uber Technologies is scheduled to become a part of the prestigious S&P 500 index of U.S. stocks. Ubers increasing importance an

Effective December 18, Uber Technologies is scheduled to become a part of the prestigious S&P 500 index of U.S. stocks. Ubers increasing importance and market worth is highlighted by its inclusion, which can attract further investors. Jabil Inc. and Builders FirstSource Inc. will also be included in the S&P 500. Institutional investors frequently show more interest in and visibility for companies that join this index. Meanwhile, the S&P 500 will no longer contain Sealed Air Corp, Alaska Air Group Inc, or SolarEdge Technologies Inc. These modifications show an ongoing assessment of the market capitalizations and relative merits of the firms operating in the everchanging stock market environment. Read More..

B2B Tech News | 2 months ago          



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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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