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EU Announces €4.7 Billion Investment in South Africa’s Green Transition

With an emphasis on vaccine production, improving digital and physical connectivity, and a just energy transition, the European Union EU has announced

With an emphasis on vaccine production, improving digital and physical connectivity, and a just energy transition, the European Union EU has announced a €4.7 billion investment package for South Africa. This project, a component of the EUs Global Gateway policy, supports South Africas infrastructure and sustainable development. A sizeable amount—€4.4 billion—is set aside to aid the nations transition to cleaner energy sources. The declaration came during talks between South African President Cyril Ramaphosa, European Council President António Costa, and European Commission President Ursula von der Leyen. The EUs dedication to advancing economic growth, bolstering its alliance with South Africa, and tackling global issues like climate change is demonstrated by this investment. Read More..

B2B Tech News | 10 days ago          

Allianz Exits Bajaj Allianz JV, Sells 26% Stake for $2.84 Billion

For about €2.6 billion $2.84 billion, Allianz SE has agreed to sell the Bajaj Group its 26% shares in two joint ventures with Indias Bajaj Finserv B

For about €2.6 billion $2.84 billion, Allianz SE has agreed to sell the Bajaj Group its 26% shares in two joint ventures with Indias Bajaj Finserv Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company. With this deal, a collaboration that lasted more than 20 years ended. Allianz highlights that India is still a significant growth market despite the divestment and says it plans to look into fresh prospects there. Allianz had previously made unsuccessful attempts to raise its ownership of these joint ventures. According to reports, Jio Financial Services, a division of the Reliance Group under Mukesh Ambani, is a possible partner for Allianz. Read More..

B2B Tech News | 10 days ago          

Bank of Korea Rejects Bitcoin as Reserve Asset, Citing Volatility Risks

Bitcoins excessive volatility and inability to satisfy the IMFs requirements for foreign exchange reserves have led the Bank of Korea BoK, South Korea

Bitcoins excessive volatility and inability to satisfy the IMFs requirements for foreign exchange reserves have led the Bank of Korea BoK, South Koreas central bank, to reject it as a reserve asset. Bitcoin lacks the reserve assets the IMF needs to preserve liquidity, a steady market value, and a trustworthy credit rating. The BoK cautioned that cryptocurrency market volatility could result in increased transaction costs and financial risks. This aligns with other central banks that have rejected Bitcoin as a reserve, such as the one in Switzerland. To maintain economic stability in the nations changing digital asset landscape, the BoK is concentrating on creating regulatory standards for corporate cryptocurrency participation rather than adding Bitcoin to its reserves. Read More..

B2B Tech News | 10 days ago          

ANZ Bank Predicts Gold to Hit $3,200/oz in Six Months Amid Market Uncertainty

The gold price is expected to hit $3,100 per ounce in three months and $3,200 per ounce in six months, according to ANZ Banks updated projection. The

The gold price is expected to hit $3,100 per ounce in three months and $3,200 per ounce in six months, according to ANZ Banks updated projection. The economic uncertainty associated with U.S. President Donald Trumps tariff policy caused gold to soar beyond $3,000 an ounce. Geopolitical concerns, loosening monetary policy, and robust central bank purchases are all blamed for the increase. Gold has risen more than 14% this year, reaching 14time highs. In addition to reducing liquidity in the London spot gold market, import duties have caused spreads on Comex futures to widen. Silver prices are expected to fluctuate between $34 and $36 an ounce, with demand from investors having a significant impact. Read More..

B2B Tech News | 10 days ago          

Swiss National Bank Reverses Course, Buys $1.36B in Foreign Currencies

Compared to the 132.9 billion Swiss francs sold in 2023, the Swiss National Bank SNB bought 1.2 billion Swiss francs $1.36 billion in foreign currenci

Compared to the 132.9 billion Swiss francs sold in 2023, the Swiss National Bank SNB bought 1.2 billion Swiss francs $1.36 billion in foreign currencies in 2024. This adjustment aligns with the SNBs plan to keep inflation at 1.1% in 2024, within its target range of 02%. As stated in December 2023, the bank stopped selling foreign currency after attaining price stability to fortify the franc and reduce import inflation. On Thursday, the SNB is expected to announce its following monetary policy. Read More..

B2B Tech News | 10 days ago          

Gemini 2.0 Flash AI Model Can Erase Watermarks, Raising Legal Questions

According to reports, Googles Gemini 2.0 Flash AI model can successfully erase watermarks from photographs, including those from stock media companies

According to reports, Googles Gemini 2.0 Flash AI model can successfully erase watermarks from photographs, including those from stock media companies like Getty photographs. Although it might have trouble with heavy or semitransparent watermarks, users have found that the model can recreate the underlying material when watermarks are removed. Since eliminating watermarks without agreement is generally prohibited by U.S. copyright law, this capacity has raised ethical and legal issues. On the other hand, Anthropic and Open AI models are restricted from stopping such behaviour, classifying it as immoral and may be unlawful. Currently available through Googles development tools, such as AI Studio, Gemini 2.0 Flash is classified as "experimental." Read More..

B2B Tech News | 10 days ago          

Google Issues Fix for Chromecast & Chromecast Audio “Untrusted Device” Errors

Chromecast Audio and secondgeneration Chromecast users experienced "Untrusted device" issues in early March 2025, preventing their devices from castin

Chromecast Audio and secondgeneration Chromecast users experienced "Untrusted device" issues in early March 2025, preventing their devices from casting content. This problem resulted in authentication failures and was ascribed to an expired security certificate. Through the Google Home app, Google responded by releasing a remedy version 3.30.1.6 for Android and 3.30.106 for iOS, which enabled impacted devices to get the required upgrades and resume functionality. Users may still have problems configuring their devices after doing a factory reset during troubleshooting Google is currently developing a solution for these situations. During this time, the company recommends avoiding factory resets and keeping devices online to obtain updates quickly. Read More..

B2B Tech News | 10 days ago          

Google Partners with MediaTek to Develop NextGen TPUs for AI Acceleration

Google and MediaTek of Taiwan will work together to build nextgeneration Tensor Processing Units TPUs to improve AI capabilities and cut production co

Google and MediaTek of Taiwan will work together to build nextgeneration Tensor Processing Units TPUs to improve AI capabilities and cut production costs. This collaboration replaces Broadcom, Googles existing AI chip partner, with a more affordable option while utilising MediaTeks solid ties with Taiwan Semiconductor Manufacturing Company TSMC. Google and Broadcom will continue to work together despite this new partnership. Google aims to lessen dependency on Nvidia by creating its own AI server chips and offering substitutes for internal research and cloud users. Google is expected to spend between $6 billion and $9 billion on TPUs in 2024. Read More..

B2B Tech News | 10 days ago          



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