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Oil market buzz prices reach their peak of 2023

Oil prices soared to their highest level in over a year during Asian trading, driven by a sharp decline in crude inventories at the Cushing storage hu

Oil prices soared to their highest level in over a year during Asian trading, driven by a sharp decline in crude inventories at the Cushing storage hub, which reached its lowest point since July the previous year. Data from the U.S. Energy Information Administration revealed a drop of 943,000 barrels compared to the previous week, with U.S. West Texas Intermediate futures peaking at $95.03 per barrel, the highest since August 2022. Meanwhile, the global benchmark Brent rose by 1.05% to $97.56 a barrel. Expectations are for elevated oil prices through the year, with OPEC+ supply restrictions, including Russias export reduction and Saudi Arabias production cut extension, posing potential upside risks. Read More..

B2B Tech News | 2 years ago          

SAP Unveils Joule AI Copilot to Revolutionize Business Operations

SAP SE has unveiled Joule, an AI copilot designed to transform business operations. Integrated across SAPs cloud enterprise portfolio, Joule offers pr

SAP SE has unveiled Joule, an AI copilot designed to transform business operations. Integrated across SAPs cloud enterprise portfolio, Joule offers proactive, contextaware insights from various SAP and external sources. It rapidly analyzes data from multiple systems, facilitating quicker tasks and better business outcomes while ensuring security and compliance. With nearly 300 million enterprise users globally, Joule has the potential to redefine corporate workflows. It builds upon SAPs expertise at the intersection of business and technology, aligning with their ethical Business AI approach. Joule will seamlessly embed into SAP applications, spanning HR, finance, supply chain, procurement, customer experience, and the SAP Business Technology Platform. Read More..

B2B Tech News | 2 years ago          

Indonesias Stricter Ecommerce Regulations Impact Social Media Landscape

Indonesias Ministry of Trade is tightening ecommerce regulations, explicitly prohibiting financial transactions on social media platforms and blocking

Indonesias Ministry of Trade is tightening ecommerce regulations, explicitly prohibiting financial transactions on social media platforms and blocking social media companies from operating as ecommerce platforms to prevent potential misuse of public data. Minister of Trade Zulkifli Hasan emphasized the need to separate social media and ecommerce to prevent centralized algorithm control and unauthorized use of personal data for business purposes. Indonesia also plans to subject foreign goods sold through social media to the same rules as local offline products. These measures will significantly impact TikToks ecommerce ambitions in Indonesia, its secondlargest market with 113 million users, just behind the U.S., according to Data Reportal. Read More..

B2B Tech News | 2 years ago          

Mark Zuckerberg Reveals GameChanging AI Innovations at Metas Connect Conference

Under CEO Mark Zuckerbergs leadership, Meta is unveiling AI tools and celebritybacked digital assistants to advance the metaverse. At the Connect conf

Under CEO Mark Zuckerbergs leadership, Meta is unveiling AI tools and celebritybacked digital assistants to advance the metaverse. At the Connect conference in Menlo Park, they showcased this alongside the Quest 3 VR headset and RayBan smart glasses. WhatsApp and Messenger users will soon get autogenerated digital stickers from text prompts, akin to ChatGPT. Instagram, owned by Meta, will soon offer AIpowered photo editing via text prompts, using the Emu computer vision model. This tech will expand to Metas chat platforms, resembling Discords Midjourney AI app. The company aims to reshape the digital landscape with these innovations. Read More..

B2B Tech News | 2 years ago          

Elon Musks SpaceX scores defense contract for Starshield

Elon Musks SpaceX has secured its inaugural contract from the Pentagon for the development of the Starshield network, a militaryfocused adaptation of

Elon Musks SpaceX has secured its inaugural contract from the Pentagon for the development of the Starshield network, a militaryfocused adaptation of the Starlink satellite internet system, according to a statement by the defense agency on Wednesday. A spokesperson for the Space Force confirmed that SpaceX was granted a oneyear contract on September 1, with a maximum value of $70 million. The contract encompasses a comprehensive range of services, including endtoend Starshield connectivity through the Starlink satellite constellation, user terminals, supplementary equipment, network management, and associated support services. Starshield, introduced by SpaceX last year, is positioned as a dedicated national security solution, distinct from the Starlink network utilized by consumers and enterprises. Read More..

B2B Tech News | 2 years ago          

Norway Escalates Meta Privacy Fine to EU

The European data authorities will now be responsible for collecting the penalties against Meta Platforms previously Facebook, which could apply to th

The European data authorities will now be responsible for collecting the penalties against Meta Platforms previously Facebook, which could apply to the entire European Union. Since August 14, Meta has been penalised 1 million crowns $93,000 daily for privacy violations involving collecting user data for individualised advertising. The goal of Datatilsynet is to outlaw behaviourbased advertising on Facebook and Instagram permanently and to enforce it throughout the EU/EEA. Even though it is not an EU member, Norway is a part of the European Single Market. Despite Metas best efforts, Datatilsynet refused to stop the fine, claiming persistent infringement of user rights. Read More..

B2B Tech News | 2 years ago          

HSBC Makes BillionDollar Move into Chinas Wealth Market

With the planned acquisition of Citigroups China consumer wealth management business, which currently oversees over $3 billion in assets, HSBC also p

With the planned acquisition of Citigroups China consumer wealth management business, which currently oversees over $3 billion in assets, HSBC also plans to hire "a few hundred" of Citi employees already based in China. Even though the financial information is still secret, the deal might be revealed next month. This action fits with HSBCs plan to grow in China while emphasising Asia as a significant source of income. The chairman of HSBC voiced hope despite difficulties in conducting business in China and emphasised historical links. By utilising its network of insurance brokers and current wealth management services, HSBC seeks to join Chinas fund sector. Read More..

B2B Tech News | 2 years ago          

Argentinas Fiscal Targets at Risk Amid Election Promises

Following its victory in October, economists are concerned about the potential for hyperinflation in Argentina. The warning comes after populist candi

Following its victory in October, economists are concerned about the potential for hyperinflation in Argentina. The warning comes after populist candidate Javier Milei promised to dollarize the economy, and populist economy minister Sergio Massa went on a spending binge. Along with other initiatives to put money in voters pockets, Massa has suggested eliminating income tax for all but a small portion of registered workers. These actions, such as cash transfers and adjustments to the income tax threshold, might substantially impact the nation. They might be financed temporarily by printing money, resulting in higher inflation. The targets for reducing Argentinas fiscal deficit and money printing outlined in an IMF loan programme may be in jeopardy. Read More..

B2B Tech News | 2 years 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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