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Yellen visits India to strengthen USIndoPacific partnerships

U.S. Treasury Secretary Janet Yellen was focused on supply chains, Russias conflict in Ukraine, and COVID19s effects as she got ready to meet with Ind

U.S. Treasury Secretary Janet Yellen was focused on supply chains, Russias conflict in Ukraine, and COVID19s effects as she got ready to meet with Indian leaders on Friday in New Delhi. According to Yellen, cooperation between friendly nations will help diversify supply chains away from China, which presently controls over 80% of the worlds solar panel output. Global supply chains have been impacted by widespread lockdowns in important financial and manufacturing hubs as a result of Chinas strict zeroCOVID policy. According to the U.S. Treasury Department, Yellen will speak about the relationship between the United States and India in creating an economic framework in the IndoPacific region to increase economic integration with trusted trading partners and mitigate geopolitical risks. Read More..

B2B Tech News | 2 years ago          

Australia blames cybercriminals in Russia for Medibank data breach

According to investigators, cyber thieves in Russia are responsible for the Medibank ransomware attack. On the dark web, sensitive personal informatio

According to investigators, cyber thieves in Russia are responsible for the Medibank ransomware attack. On the dark web, sensitive personal information has been released. Data pertains to 9.7 million previous and current consumers, including 1.8 million international customers. The files contain healthcare claims information for nearly 500,000 people. According to cyber security experts, the criminals are most likely associated with REvil, a Russian ransomware gang. The group is wellknown for carrying out largescale attacks on targets in the United States and elsewhere. Read More..

B2B Tech News | 2 years ago          

Foodpanda Parent Company Achieves Breakeven Adjusted EBITDA in Q3 2022

Delivery Hero, the company behind food delivery major Foodpanda, posted around US$2.5 billion in revenue for the third quarter of 2022, a 28% surge co

Delivery Hero, the company behind food delivery major Foodpanda, posted around US$2.5 billion in revenue for the third quarter of 2022, a 28% surge compared to the same period last year. At the same time, its gross merchandise value GMV increased 12% year on year to US$11.7 billion. In line with former guidance, the firms platform business – which includes Foodpandas operations in Asia – broke even in the reported quarter. With this, Delivery Hero aims to raise its EBITDA margin for the period in the range of 1.4% to 1.5% compared to GMV for its 2022 financial year. Read More..

B2B Tech News | 2 years ago          

Global stocks rise after lower US inflation eases interest rate fears

Tokyo and Shanghai also increased, while Hong Kongs benchmark rose 7.7%. According to an analyst, the announcement drove a more dovish calibration of

Tokyo and Shanghai also increased, while Hong Kongs benchmark rose 7.7%. According to an analyst, the announcement drove a more dovish calibration of interest rate expectations. In order to reduce inflation, which is reaching multidecade highs, the Fed and central banks in Europe and Asia are boosting interest rates. Investors are hoping that lower inflation will cause the Fed to scale down its intentions for additional rises. The Communist Party of China vowed to reduce traveller quarantines and make other antivirus strategy reforms. Read More..

B2B Tech News | 2 years ago          

Strict new conversion laws are coming to South Africa

The newly revised EE Act will go into effect in 2023 after receiving the presidents approval. The law intends to facilitate South Africas workplace tr

The newly revised EE Act will go into effect in 2023 after receiving the presidents approval. The law intends to facilitate South Africas workplace transformation and ease company operations for small and mediumsized firms SMEs. Small and mediumsized enterprises SMEs with fewer than 50 employees will no longer be considered designated employers and will therefore not be required to comply. These businesses wont be required to put policies in place to guarantee qualified individuals from specified groups have equal employment opportunities. Read More..

B2B Tech News | 2 years ago          

Sam BankmanFrieds FTX Australia enters administration

The parent company of FTX Australia, FTX Trading, domiciled in the Bahamas, has placed the firm into administration. Its possible that the cryptocurre

The parent company of FTX Australia, FTX Trading, domiciled in the Bahamas, has placed the firm into administration. Its possible that the cryptocurrency exchange utilised more than US$6 billion in customer deposits to finance its own trading tactics through a different business run by Sam BankmanFried. The assets of FTX Digital Markets have been put on ice by the Bahamas Securities Commission. For FTX Australia, administrators KordaMentha have been selected. BlockFi, which is controlled by FTX, stopped accepting withdrawals, and its believed that fellow cryptocurrency exchange Genesis has a significant stake in the firm. Read More..

B2B Tech News | 2 years ago          

GoTo could cut 1,000 jobs due to the economic slowdown

According to Bloomberg, Indonesian computer powerhouse GoTo Group is planning to shed over 1,000 workers as it reduces burn during the current economi

According to Bloomberg, Indonesian computer powerhouse GoTo Group is planning to shed over 1,000 workers as it reduces burn during the current economic crisis, citing people familiar with the matter. According to the sources, the decrease will affect personnel from all functions and will effect around 10% of GoTos workforce. GoTo was founded by a merger of Gojek and Tokopedia. Read More..

B2B Tech News | 2 years ago          

Meta closes Quitter, a tool that shows data on employee attrition and turnover trends as layoffs rock the business

In the midst of Metas largest wave of layoffs to date, Quitter was shut down. On Wednesday, Metas CEO Mark Zuckerberg distributed a memo to all staff

In the midst of Metas largest wave of layoffs to date, Quitter was shut down. On Wednesday, Metas CEO Mark Zuckerberg distributed a memo to all staff members. More than 11,000 employees, or 13% of the companys total, are being let go. Employees who are laid off will receive 16 weeks of base salary plus two additional weeks of pay for each year of service. Read More..

B2B Tech News | 2 years ago          



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