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Absa Group Reports 10% Profit Growth as Credit Impairments Decline

Because fewer retail credit impairments occurred in its native market, South African lender Absa Group recorded a 10% increase in yearly earnings. Gha

Because fewer retail credit impairments occurred in its native market, South African lender Absa Group recorded a 10% increase in yearly earnings. Ghana, Kenya, Zambia, the United Kingdom, and the United States are among the 16 countries where the bank operates. In 2023, it reported headline earnings per share of 26.62 rand. Net interest income climbed 4% to 71 billion rand, driven by a 7% increase in loans and a 12% increase in deposits, while revenue rose 5% to 109.9 billion rand $6 billion. Charges for credit impairment decreased 8% to 14.3 billion rand, while noninterest income increased 6%. Absa also announced a final dividend of 775 cents per share, helped by rate reductions and collection measures. Read More..

B2B Tech News | 2 months ago          

Oracle’s Federal EHR System Suffers Nationwide Outage, Disrupting VA and Military Hospitals

On 4 March, Oracles Federal electronic health records EHR system experienced a nationwide outage that impacted NOAA, the US Coast Guard, the Departmen

On 4 March, Oracles Federal electronic health records EHR system experienced a nationwide outage that impacted NOAA, the US Coast Guard, the Department of Defence, and Veterans Affairs VA hospitals. Due to software freezes and access problems, six VA medical institutions were forced to switch back to backup plans during the 0837–1405 ET outage. Oracle is looking into the failure by starting a rootcause analysis. Despite the inconvenience, the VA is still dedicated to the Oracle EHR system and intends to roll it out to nine additional healthcare locations in 2026. To ensure a more seamless implementation, VA Secretary Doug Collins stressed the importance of an integrated medical records system and promised to prioritise healthcare providers input. Read More..

B2B Tech News | 2 months ago          

Manus AI Agent Enters InviteOnly Preview, Promising Advanced Automation

With its strong automation capabilities, Manus, a new AI agent from Chinese firm Monica, has entered an inviteonly preview. Unlike traditional AI writ

With its strong automation capabilities, Manus, a new AI agent from Chinese firm Monica, has entered an inviteonly preview. Unlike traditional AI writers, Manus handles activities like stock analysis, database management, and travel planning by automating workflows. Some users commend its capabilities, while others complain about crashes and fundamental task failures. Despite being a closedsource agent instead of an LLM, the AI tool has been compared to DeepSeek. Experts continue to express concerns about AI autonomy, pointing to possible decisionmaking errors and data security threats. Industry experts stress the need for strict governance and ethical monitoring as these technologies develop, even as Manus demonstrates the potential of agentic AI. Read More..

B2B Tech News | 2 months ago          

DuckDuckGo Introduces AIAssisted Answers with Full User Control

Users can now get AIgenerated summaries of their search queries thanks to DuckDuckGos AIassisted replies feature. Users of DuckDuckGo have more contro

Users can now get AIgenerated summaries of their search queries thanks to DuckDuckGos AIassisted replies feature. Users of DuckDuckGo have more control over the function than Googles AI Overviews, with the ability to change how frequently it appears or disable it altogether. Four settings are available to users Never, OnDemand, Sometimes, and Often. The AIassisted solutions gather realtime information to protect user privacy and guarantee that personal information is not disclosed to outside parties. A "Recent Chats" feature that saves conversations locally without sending data to other servers is another addition to DuckDuckGos AI chat service, Duck.ai, which now incorporates models like OpenAIs GPT4o mini and Metas Llama 3.3. Read More..

B2B Tech News | 2 months ago          

Foxconn Unveils “FoxBrain,” Its First Large Language Model for Manufacturing

The first significant language model, "FoxBrain," was introduced by Taiwans Foxconn to enhance supply chain and industrial management. Based on Metas

The first significant language model, "FoxBrain," was introduced by Taiwans Foxconn to enhance supply chain and industrial management. Based on Metas Llama 3.1 architecture, FoxBrain was trained over four weeks on 120 Nvidia H100 GPUs tailored for Taiwanese and traditional Chinese language usage. Although it lags a little behind Chinas DeepSeek approach, Foxconn says its performance is on par with toptier standards. FoxBrain facilitates data analysis, decisionmaking, document collaboration, mathematics, reasoning, and code production and was first developed for internal usage. Foxconn intends to increase applications through partnerships, and training was aided by Nvidias Taiwanbased supercomputer "Taipei1." Nvidias GTC conference in midMarch will provide more information. Read More..

B2B Tech News | 2 months ago          

Social Media Platform X Hit by Cyberattack, Musk Suggests NationState Involvement

Elon Musk blamed a massive hack, potentially including a nationstate or a coordinated group, for Mondays sporadic failures on the social networking si

Elon Musk blamed a massive hack, potentially including a nationstate or a coordinated group, for Mondays sporadic failures on the social networking site X. According to Downdetector, around 10 A.M. ET, 39,021 customers in the US experienced peak disruptions by 5 P.M., that number had decreased to just 1,500. An internet infrastructure source confirmed multiple waves of denialofservice DoS attacks hitting X from different worldwide IP addresses, refuting Musks assertion that the attacks originated in Ukraine. Cybersecurity experts challenged Musks claim that tiny organisations frequently carry out DoS assaults. Musks remarks align with his previous roles as an adviser to former US President Donald Trump and his continuous condemnation of Ukraine. Read More..

B2B Tech News | 2 months ago          

India, EU to Hold 10th Round of FTA Talks in Brussels from March 1014

The tenth round of Free Trade Agreement FTA negotiations between India and the EU will take place in Brussels from 10 March to 14 to resolve significa

The tenth round of Free Trade Agreement FTA negotiations between India and the EU will take place in Brussels from 10 March to 14 to resolve significant concerns and conclude the agreement before the end of the year. While tackling regulatory obstacles, discussions will centre on lowering tariffs on EU goods such as wine and cars. The possible threats of U.S. tariffs under Donald Trump have made the situation more urgent. The EUs Carbon Border Adjustment Mechanism, which may increase exporters costs, is one of Indias worries. In light of changing global dynamics, the EU, Indias biggest trading partner, views the FTA as essential for bolstering economic ties and broadening trade alliances. Both parties are still dedicated to overcoming obstacles and expanding their commerce with one another. Read More..

B2B Tech News | 2 months ago          

AFC Seeks Middle East and Asian Funding to Boost African Investments

Amidst shifting geopolitical and financial environments, the African Finance Corporation AFC is stepping up efforts to mobilise local funds for invest

Amidst shifting geopolitical and financial environments, the African Finance Corporation AFC is stepping up efforts to mobilise local funds for investment throughout the continent while pursuing finance from the Middle East and Asia. Samaila Zubairu, the CEO of AFC, highlighted the importance of opening up institutional investments and African pension funds, projecting that $15–$20 billion may eventually be raised. Given the decline in Western aid, AFC intends to carefully increase its investments, prioritising initiatives that draw in coinvestors. Similar initiatives are scheduled to debut in Botswana, Angola, and Kenya. Initiatives such as InfraCredit in Nigeria have already attracted significant pension fund investments into infrastructure. Meanwhile, AFCbacked industrial initiatives like ARISE Integrated Industrial Platforms are attracting interest from investors in the Gulf and Europe. Read More..

B2B Tech News | 2 months ago          



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