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Instagram Tests New Map Feature for Sharing Updates Like Snapchats Snap Maps

Users can publish text and video updates on a map depending on their position using Instagrams new function, akin to Snapchats Snap Maps. This functio

Users can publish text and video updates on a map depending on their position using Instagrams new function, akin to Snapchats Snap Maps. This function presents privacy issues and is currently undergoing restricted testing. Thanks to the platforms tighter privacy settings than Snap Maps, Instagram users may share their location with preselected groups, including "Close Friends" or followers who follow them back. Speaking on behalf of Meta, Christine Pai underlined user autonomy and safety, adding that locationsharing settings are optional. Notwithstanding Instagrams history of incorporating features from rival apps like Stories and Reels, the new map feature has the potential to influence user privacy and engagement significantly, contingent on how it is ultimately implemented. Read More..

B2B Tech News | 1 years ago          

GPS Spoofing Attacks Mislead Aircraft, Increasing Near Conflict Zones

Cybersecurity experts alert us to a marked increase in GPS "spoofing" assaults, which may fool planes about their whereabouts and interfere with onboa

Cybersecurity experts alert us to a marked increase in GPS "spoofing" assaults, which may fool planes about their whereabouts and interfere with onboard equipment. OPSGROUP notes a 400% rise in occurrences, particularly near conflict areas. False GPS data is transmitted by groundbased devices, which also confuse drones, missiles, and commercial aeroplanes. GPS spoofing delivers phoney signals that seriously complicate matters and lead to navigation mistakes without causing crashes. Cybersecurity expert Ken Munro cited instances in which spoofing changed airline clocks, interfering with secure connections. For example, in April, spoofing attacks claimed on nearby Russia forced Finnair to suspend flights to Tartu, Estonia. These assaults bring minute mistakes that have the potential to compound, increasing aviation danger. Read More..

B2B Tech News | 1 years ago          

Schlatter Industries Hit by Professional Cyberattack, Malware Deployed

Swiss engineering company Schlatter Industries was the target of a skilled hack on its IT system on Friday. The attackers used Malware to blackmail th

Swiss engineering company Schlatter Industries was the target of a skilled hack on its IT system on Friday. The attackers used Malware to blackmail the business. In addition to working with specialists to repair system functionality, Schlatter is looking into if any data was taken. To handle the incident, the corporation moved quickly to put security measures in place and contacted the appropriate authorities. No other information on the attack was made public. Read More..

B2B Tech News | 1 years ago          

Saudi Aramco to Acquire 22.5% Stake in Petro Rabigh for $702 Million

For $702 million, Saudi Aramco will purchase a 22.5% share in Petro Rabigh from Sumitomo Chemical of Japan. Both businesses will also waive $1.5 billi

For $702 million, Saudi Aramco will purchase a 22.5% share in Petro Rabigh from Sumitomo Chemical of Japan. Both businesses will also waive $1.5 billion in debts for the company. This action is a part of Petro Rabighs turnaround strategy by June, the company had lost 53% of its share capital. When the acquisition closes, Aramco will own 60% of Petro Rabigh, while Sumitomo Chemical will own 15%. The transaction aligns with Sumitomo Chemicals transition to speciality chemicals and Aramcos plan to grow in refining. Although Sumitomo expects to record a pretax loss of $183 million this quarter, the company is optimistic about its projected yearly profit. Read More..

B2B Tech News | 1 years ago          

BHP Considers Selling Brazilian Copper and Gold Assets Acquired from Oz Minerals

As to Bloomberg News, BHP Group is contemplating the sale of its gold and copper holdings in Brazil, which it obtained by acquiring Oz Minerals." Abou

As to Bloomberg News, BHP Group is contemplating the sale of its gold and copper holdings in Brazil, which it obtained by acquiring Oz Minerals." About the possible sale, the top miner in the world has recruited Banco Santander as an advisor. Recently, BHP pulled out of negotiations to buy Anglo American, a British miner. Though the business does not intend to sell its share in Samarco Mineracao, an iron ore production that it jointly owns with Vale, according to BHPs Brazil manager, the company is presently concentrating on assessing the sale of its Brazilian properties. Expanding BHPs access to essential resources for renewable energy and electric cars was the goal of the A$9.6 billion acquisition of Oz Minerals in May 2023. Read More..

B2B Tech News | 1 years ago          

China’s MingYang and Italy’s Renexia Forge €500 Million Wind Turbine Plant Deal

A €500 million deal to build a wind turbine manufacturing facility in Italy was inked by Italys industry ministry, Chinas MingYang Smart Energy, and

A €500 million deal to build a wind turbine manufacturing facility in Italy was inked by Italys industry ministry, Chinas MingYang Smart Energy, and the Italian company Renexia. Enhancing local manufacturing and maintaining competitiveness in the renewable energy industry are the goals of this action. An Italian photovoltaic business and a Chinese manufacturer of solar panel components recently formed a partnership, which led to the current arrangement. With up to 1,100 jobs anticipated, the new factory will assist in sustaining European manufacturing competence while addressing the difficulty of importing giant turbines from China. A recent visit to China by Italian Prime Minister Giorgia Meloni highlights attempts to expand trade and collaboration beyond the Belt and Road Initiative. Read More..

B2B Tech News | 1 years ago          

Brazils Central Bank Pledges to Control Inflation Amid Rising Projections

Gabriel Galipolo, the director of monetary policy at the Brazilian central bank, says the bank is dedicated to controlling inflation. Galipolo stresse

Gabriel Galipolo, the director of monetary policy at the Brazilian central bank, says the bank is dedicated to controlling inflation. Galipolo stressed that despite dangers driving inflation over its 3% objective, the central bank—including those nominated by President Lula—is ready to take the required actions, which may include raising interest rates. Amidst global uncertainty and economic shocks, recent inflation forecasts for 2024 have escalated to 4.12%. Amidst severe market volatility and a 13% decline in Brazils actual this year, Galipolo pointed out that Copom is still "datadependent" and hasnt suggested future policy adjustments, underscoring the difficulty of directly connecting currency movements to monetary policy. Read More..

B2B Tech News | 1 years ago          

Ola Electric Mobilitys Shares Surge 10% on Strong Trading Debut

On its first day of trading, Ola Electric Mobilitys shares shot up 10%, valuing the firm at ₹369.45 billion $4.4 billion. With $1.8 billion in bids,

On its first day of trading, Ola Electric Mobilitys shares shot up 10%, valuing the firm at ₹369.45 billion $4.4 billion. With $1.8 billion in bids, the electric car manufacturers $734 million IPO—the biggest in India for 2024—was wellreceived. Even though Ola has a 39% market share and has increased revenues by 90% in India, the company has not yet declared a profit. The business intends to spend roughly $660 million in revenues from the Initial Public Offering IPO for R&D and establishing a battery cell manufacturing facility. By the beginning of 2025, Ola hopes to manufacture its battery cells to increase affordability and profitability. Read More..

B2B Tech News | 1 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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