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Australias leading retailers are being reviewed for their use of facial recognition technology

The Office of the Australian Information Commissioner OAIC is investigating Bunnings and Kmart’s personal information practices. This is stated

The Office of the Australian Information Commissioner OAIC is investigating Bunnings and Kmart’s personal information practices. This is stated in the report of the consumer protection group CHOICE. This is not the first time the use of facial recognition technology in Australia has awakened privacy. Australias privacy regulator has announced that Bunnings and Kmart are investigating the use of facial recognition technology in their stores. The companies said they are using the technology to better protect their employees and customers and prevent shoplifting. 76% of shoppers are unaware of the technologies used in stores. Read More..

B2B Tech News | 2 years ago          

To rush into IT stocks amid a falling rupee? This is why the reverse bid may not apply in this market

Even when the rupee has sharply depreciated, IT stocks, which usually earn when the local currency depreciates, have been successful. Many IT companie

Even when the rupee has sharply depreciated, IT stocks, which usually earn when the local currency depreciates, have been successful. Many IT companies report revenue and do not consider Street estimates. This has caused a sharp drop in the Nifty IT index, which is at a 52week low. Notable names like Larsen & Toubro Infotech, Tech Mahindra NSE 3.47%, Wipro, L&T Technology Services, Birlasoft NSE 2.29%, Coforge NSE 1.76%, Mindtree NSE 4.16%, Sasken Technologies NSE fell to 45%. They advise that IT stocks have gotten richer in recent years and should not be removed by one or two bad quarters. Read More..

B2B Tech News | 2 years ago          

See the stunning images of the flaming pink and purple skies of Antarctica that attacked the internet by storm

People in Antarctica have seen the pink and purple skies since the eruption of the Tonga volcano. The phenomenon was previously observed in New Zealan

People in Antarctica have seen the pink and purple skies since the eruption of the Tonga volcano. The phenomenon was previously observed in New Zealand and Australia last month. Realizing this, scientists working in the area reported the phenomenon of the National Institute for Water and Atmospheric Quality Niva in New Zealand. Stuart Shaw, an Antarctic technologist stationed at Scott Base in the winter, told The Guardian Sea Twilight means the horizon is barely visible during the day in good condition. Read More..

B2B Tech News | 2 years ago          

Business owners in South Africa are furious as power outages hit profits

South Africas outrage over the power outage has turned to unrest, and business owners are complaining that the prolonged power outage crisis is affect

South Africas outrage over the power outage has turned to unrest, and business owners are complaining that the prolonged power outage crisis is affecting profits and limiting economic activity. South Africa suffered a level 6 outage, with several power outages lasting 24 hours a day for almost two weeks. According to the expert Fasanya, companies have to spend money on generators, which increases the cost of their business. The impact on employment is particularly worrying in a country struggling with an unemployment rate of 34.5%. Energy experts and even debtstricken Eskom have urged the government to accelerate investment in renewable energy, especially solar energy, as the best option for rapidly growing energy production. Read More..

B2B Tech News | 2 years ago          

Egypt is looking for wheat from the United States, Canada and Australia at international offers

The deadline for proposals is Tuesday, July 19, and registration opens on the same day. Egypt imported most of its grain from Russia and Ukraine due t

The deadline for proposals is Tuesday, July 19, and registration opens on the same day. Egypt imported most of its grain from Russia and Ukraine due to the end of the RussoUkrainian war. GASC said deliveries will take place between September 1630, October 115, and November 115. Both offers are expected to be delivered between July and October. The Egyptian government allocates most of the imported wheat to make subsidized bread, an essential part of the daily diet of more than 70 million Egyptians. Read More..

B2B Tech News | 2 years ago          

South Sudan African Development Bank provides $ 8.1 million to support food production

The African Banks Board of Directors approved an 8.1 million grant for an emergency food production programme in South Sudan. South Sudan has not been

The African Banks Board of Directors approved an 8.1 million grant for an emergency food production programme in South Sudan. South Sudan has not been selfsufficient in food since 2009. In 2022, approximately 8.9 million people, or more than 70% of the population, received humanitarian aid, including 4.6 million children. This project will lead to a sustainable increase in the countrys agricultural products and productivity, increase incomes, and improve the quality of life of farmers. The African Development Bank Group launched the $ 1.5 billion Emergency Food Fund in Africa in May. Read More..

B2B Tech News | 2 years ago          

WPP buys electronics company Corebiz

WPP has announced the acquisition of Corebiz, a Latin American ecommerce company specializing in VTEX implementations. The Brazilian divisions of the

WPP has announced the acquisition of Corebiz, a Latin American ecommerce company specializing in VTEX implementations. The Brazilian divisions of the company will join the global network of VMLY & R COMMERCE. Felipe Macedo and Renan Mota, owners, and CEO of Corebiz said Our goal is to bring this experience to the rest of the world. Beth Ann Kaminkow, Global CEO of VMLY & R COMMERCE, said Efforting our creative business to make a difference for our customers daily is a key component to building relevant brands. Over the past two and a half years, companies in Latin America and around the world have noticed the business impact of strong digital marketing strategies and are looking to expand their presence in ecommerce, said Stefano Zunino, WPP’s regional manager in Brazil. Business opportunities Read More..

B2B Tech News | 2 years ago          

The Governor of the Reserve Bank of Australia supports the private cryptographic sector

The National Federation of Federal Credit Unions for Insurance has been skeptical about the central banks digital chips. The Governor of the Bank of A

The National Federation of Federal Credit Unions for Insurance has been skeptical about the central banks digital chips. The Governor of the Bank of Australia, Phillip Lowe, said that a separate resolution would be good for cryptocurrencies, as long as the risks are mitigated by regulations. Low said stricter regulations or public support would help reduce risk to the public. In a July 8 letter to the U.S. Department of Commerce, Cointelegraph reported that the National Association of Federal Secured Credit Unions shared Lowes concerns about central banks adopting digital tokens because of the high costs. 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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