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Russia Embraces Bitcoin for International Payments Amid Western Sanctions

"Recent legislative changes aimed at countering Western sanctions have led to an increase in the use of bitcoin and other digital currencies for inter

"Recent legislative changes aimed at countering Western sanctions have led to an increase in the use of bitcoin and other digital currencies for international payments by Russian companies," said Finance Minister Anton Siluanov. Sanctions have hampered Russias trade with essential allies like China and Turkey, as local banks are cautious about dealing with Russia to evade regulatory attention from the West. During this year, Russia established itself as a global leader in bitcoin mining by legalising cryptocurrencies in international trade and taking steps to control cryptocurrency mining. "Transactions using mined bitcoins are already happening and are anticipated to grow even more in the upcoming year," Siluanov said. Vladimir Putin has also supported cryptocurrencies, pointing to the US dollars deteriorating reserve currency role due to political abuse. Read More..

B2B Tech News | 3 months ago          

Indian Exporters Set to Capitalize on U.S. Market Amid Rising Tariffs on Chinese Goods

Anticipating higher duties on Chinese goods, Indian exporters are proactively preparing to strengthen their position in the U.S. market. With assistan

Anticipating higher duties on Chinese goods, Indian exporters are proactively preparing to strengthen their position in the U.S. market. With assistance from American trade associations, discussions with the Indian government centre on utilising prospects in industries like textiles, leather, chemicals, electronics, auto parts, and toys to increase consumer awareness of Indian goods. The Federation of Indian Export Organisations FIEO vicepresident, Israr Ahmed, underlined Indias ability to compete in these fields and the $1 billion potential toy market. To increase competitiveness, exporters are asking for increased financial assistance, primarily through the Market Access Initiatives program, easier access to export financing, and more extended interest equalisation plans. India is wellpositioned as tensions between the United States and China increase because of the countrys solid U.S. connections and political stability. Read More..

B2B Tech News | 3 months ago          

India Secures $350 Million Loan from ADB to Strengthen Logistics Ecosystem

Under the second subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem SMILE initiative, the Indian government and the Asian D

Under the second subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem SMILE initiative, the Indian government and the Asian Development Bank ADB have agreed to a policybased loan of USD 350 million. This loan aims to strengthen supply chain resilience and Indias industrial sector. The ADB, the Department for Promotion of Industry and Internal Trade, and the Department of Economic Affairs reached the agreement. With an emphasis on comprehensive logistical reforms, the SMILE program creates a framework of policies to improve infrastructure development and efficiency at the federal, state, and local levels. Ultimately, it seeks to drive sustainable economic growth and job creation in India by standardising warehouse and logistics assets, encouraging private investment, and integrating intelligent systems. Read More..

B2B Tech News | 3 months ago          

Sheikh Hasina’s Son Calls Corruption Allegations Against Rooppur Nuclear Project “Bogus”

The son and advisor of Sheikh Hasina has called accusations of wrongdoing about the $12.65 billion deal for the Rooppur Nuclear Power Plant in 2015 "w

The son and advisor of Sheikh Hasina has called accusations of wrongdoing about the $12.65 billion deal for the Rooppur Nuclear Power Plant in 2015 "wholly false" and a "smear campaign." The Bangladesh AntiCorruption Commission opened a $5 billion investigation into allegations of financial irregularities involving Hasina, her son Sajeeb Wazed, and her niece Tulip Siddiq. The projects sponsor, Russian stateowned Rosatom, also denied the accusations, reaffirming its dedication to openness and honesty in its business practices. Wazed underlined that it would be challenging to embezzle billions of dollars from the project and that the family has never been connected to any irregularities in government project funding. Hasina, meanwhile, is still in New Delhi after escaping Bangladesh due to political turmoil. Read More..

B2B Tech News | 3 months ago          

Stellantis to Pay $4.2 Million Settlement for Excess Emissions in California

To settle a California inquiry into excessive emissions from specific diesel vehicles, Stellantis affiliate FCA US has agreed to pay $4.2 million. The

To settle a California inquiry into excessive emissions from specific diesel vehicles, Stellantis affiliate FCA US has agreed to pay $4.2 million. The settlement resolves violations related to Ram ProMaster 1500, 2500, and 3500 models with 3.0L diesel engines manufactured from 2014 to 2016 that had an unapproved device that evaded emissions controls and released almost 55 tonnes of excess nitrogen oxides, according to the California Air Resources Board CARB. In addition to $2.1 million to support a project encouraging slower cargo vessel speeds for the benefit of wildlife and air quality, the settlement includes more than $2 million in civil fines for the states Air Pollution Control Fund. Additionally, Stellantis will change the emissions control systems of the impacted vehicles through a recall. Read More..

B2B Tech News | 3 months ago          

Microsoft to Reduce Reliance on OpenAI for 365 Copilot with New AI Integrations

Microsoft is attempting to lessen its dependency on OpenAIs artificial intelligence AI models by including nonOpenAI models in its 365 Copilot product

Microsoft is attempting to lessen its dependency on OpenAIs artificial intelligence AI models by including nonOpenAI models in its 365 Copilot products. This is mainly because of concerns regarding cost and speed. Both inhouse and externally generated AI models may be used in this strategic change. When 365 Copilot first launched in March 2023, it mainly relied on OpenAIs GPT4 model. Microsoft already had early access to OpenAIs AI models by investing $11 billion. However, a significant shift in the companys AI strategy is evident since it is currently looking into other solutions for its business clients. Microsoft has also started granting GitHub Copilot users access to AI models from Anthropics Claude and Googles Gemini, suggesting that future 365 Copilot tools cancan swap between models. Read More..

B2B Tech News | 3 months ago          

Gemini Live Set to Launch on Google Chrome Desktop, Enhancing AI Conversations

According to a social media tipster, Gemini Live might soon be accessible on the desktop version of Google Chrome. The AI conversational capability, f

According to a social media tipster, Gemini Live might soon be accessible on the desktop version of Google Chrome. The AI conversational capability, first introduced for Gemini Advanced customers on Android in September and then iOS, is now rumoured to be coming to desktops. In Chromium Gerrit, a feature flag indicating Gemini Lives integration was discovered, suggesting that it may be called GLIC in Chrome. According to reports, this implementation has its own user interface and settings page and needs access to the microphone and location. With the help of a toolbar shortcut, users could communicate with Gemini Live in realtime in a variety of languages. Gemini Live provides ten distinct speech options, lifelike interaction, and followup questions. Read More..

B2B Tech News | 3 months ago          

OpenAI Eyes Robotics with Plans for Advanced Humanoid Robots

Humanoid robot research is being investigated by OpenAI, suggesting a possible foray into robotics to supplement its sophisticated AI skills. The move

Humanoid robot research is being investigated by OpenAI, suggesting a possible foray into robotics to supplement its sophisticated AI skills. The move might take advantage of OpenAIs recent developments, such as the o3 series of reasoningfocused models, to build robots that can carry out realworld jobs with spoken orders, though specifics are still unknown. A robotics subsidiary of OpenAI was shut down in 2021 because of a lack of training data. Recent job postings and investments in robotics startups such as Figure AI, 1X Technologies, and Physical Intelligence have suggested a fresh interest. These startups want to build robots with humanlike dexterity by integrating GPT models. The robotics goals of OpenAI have the potential to transform manufacturing processes and other sectors by fusing artificial intelligence with mechanical automation. Read More..

B2B Tech News | 3 months ago          



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