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Samsung was penalized $9.8 million for false phone ads in Australia

An Australian judge has ordered Samsung to be fined AUD 14 million $9.8 million for falsely advertising the water resistance of some smartphone models

An Australian judge has ordered Samsung to be fined AUD 14 million $9.8 million for falsely advertising the water resistance of some smartphone models. Samsung sold 3.1 million vulnerable phones in Australia, but courts could not determine how many customers found faulty charging ports. An unknown number of customers have had their ports replaced by Samsung Authorized Repairers. According to the court, the amount of the fine is greater than the income generated by Samsung Electronics at the time of the false advertising. Federal Judge Patrick Murphy said Samsung Australia should not get too much credit for cooperating with the Australian Competition and Consumer Commissions investigation into misleading advertising for Galaxy phones. The judge denied that Samsungs lawyers initially denied that the ad was misleading and that the phone could be submerged. Read More..

B2B Tech News | 2 years ago

Egyptian digital services enter a new phase based on electronic signatures

Minister of Communications and Information Technology Amr Talaat said that Egypt is taking steady steps towards achieving comprehensive development an

Minister of Communications and Information Technology Amr Talaat said that Egypt is taking steady steps towards achieving comprehensive development and building a digital state. This came during his speech before the EgyptianLebanese Association of Businessmens ELBA meeting on Tuesday. He stressed that a new phase of digital services based on the electronic signature has been launched. The electronic signature system was activated in several stages, starting with its activation in government applications. Giant data centers have also been established at the highest technical level to host and preserve citizens data. The Minister of Communications indicated that more than 90% of the data traffic between East and West passes through Egyptian lands and waters. He pointed out that several digital transformation projects are being implemented in cooperation with various sectors of the state, with investments amounting to more than EGP 15bn. These include the mechanization of the agricultura Read More..

B2B Tech News | 2 years ago

Blockchain technology is Among Market Trends in Asset Servicing

Blockchain significantly reduces the amount of paper associated with asset maintenance. This makes the transaction process more efficient and costeffe

Blockchain significantly reduces the amount of paper associated with asset maintenance. This makes the transaction process more efficient and costeffective for the business and the customer. The global real estate market size is expected to grow from USD 712.8 billion in 2021 to USD 784.03 billion in 2022 at a CAGR of 10%. Alternative investments are financial assets that do not fall into the category of conventional financial assets, such as stocks, bonds and cash. Alternative investments include hedge funds, private equity, commodities, mineral rights, real estate investment trusts REITs, art and antiques, intellectual property, and derivatives futures, options, and swaps. In 2021, North America was the largest region in the global real estate market. Read More..

B2B Tech News | 2 years ago

US and Japan to Conclude Joint Semiconductor Research Agreement

Japan and the United States are expected to agree on joint research for nextgeneration semiconductors. The move is intended to establish a secure sour

Japan and the United States are expected to agree on joint research for nextgeneration semiconductors. The move is intended to establish a secure source of vital components. Supply chain security is expected to be a major topic during economic talks. A joint research and development center will be set up in Japan by the end of this year. The center will include a prototype production line and should begin producing semiconductors by 2025, it says. Concerns have been raised about the stability of supply if trouble arises between Taiwan and China, which view the island as a renegade province. The new technology will be offered to companies in Japan as well as South Korea and Taiwan. Read More..

B2B Tech News | 2 years ago

Big investment a European aircraft manufacturer opens a factory in Hungary

In Gyula, in southeast Hungary, Airbus opened a HUF 2.2 billion EUR 5.4 million helicopter parts factory. The 13,000 square meter facility will produc

In Gyula, in southeast Hungary, Airbus opened a HUF 2.2 billion EUR 5.4 million helicopter parts factory. The 13,000 square meter facility will produce highprecision metallic basic components for helicopter dynamic systems. For the Airbus family, the factory will be the only source of supply for these components. Speaking at the opening, the Minister of Technology and Industry László Palkovics referred to the plants acquisition of an EASA license as a historic moment and noted that not many countries have such a license. Read More..

B2B Tech News | 2 years ago

Tech giants battle over content moderation in Southeast Asia

Content arbitrators like Meta and Twitter decide what gets to stay online and what gets to go. Southeast Asian tech companies must balance a fine li

Content arbitrators like Meta and Twitter decide what gets to stay online and what gets to go. Southeast Asian tech companies must balance a fine line, especially when dealing with political redlines. The former is under pressure from regional governments to censor statements deemed to be harmful to society. According to Vietnamese data, Facebook had a compliance rate of 90% in the first quarter of 2022, followed by Google at 93% and TikTok at 73%. Hanoi appears to want complete compliance and has imposed even higher requirements on the social media companies. It would be beneficial to create an independent thirdparty oversight board or an international arbitration council. Read More..

B2B Tech News | 2 years ago

APOS Asian Convention Will Attract Executives From Hollywood Studios, Streamers, Big Tech and More

APOS, Asias influential media industry conference, will be held in Singapore in 2022. Keynote speakers include Netflixs head of content in APAC, Minyo

APOS, Asias influential media industry conference, will be held in Singapore in 2022. Keynote speakers include Netflixs head of content in APAC, Minyoung Kim. APOS aims to take the pulse of the global entertainment business in flux. Topics include the sustainability of streaming and the upcoming impact of the metaverse. Topics include the sustainability of streaming, the rapid growth of premium Asian content, the impending impact of the metaverse, the battle for sports rights, the scalability of premium AVOD, and more. Read More..

B2B Tech News | 2 years ago

Singapore is the first source of FDI to India

Singapore has become the top source country in terms of Foreign Direct Investment FDI in India for the financial year 202122. India received the highe

Singapore has become the top source country in terms of Foreign Direct Investment FDI in India for the financial year 202122. India received the highest annual FDI inflows of $84.83 billion in FY22, surpassing last years FDI by $2.87 billion. The software and hardware sector recorded the highest FDI inflows in the past fiscal year. In India, foreign investments up to 100% are allowed in noncritical sectors through the automatic route, not requiring security clearance from the Ministry of Home Affairs MHA. The government has also implemented several reforms under the FDI policy regime across sectors such as insurance, defense, telecom, financial services, pharmaceuticals, retail trading, and ecommerce. Read More..

B2B Tech News | 2 years ago

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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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