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Italian PM Giorgia Meloni Visits China to Strengthen Trade Relations PostBelt and Road Exit

To bolster relations and restart commerce following Italys withdrawal from the Belt and Road plan, Italian Prime Minister Giorgia Meloni travelled to

To bolster relations and restart commerce following Italys withdrawal from the Belt and Road plan, Italian Prime Minister Giorgia Meloni travelled to China at the end of July. A notable agreement is the joint venture and research and development centre for electric vehicle components in Shandong, China, which EuroGroup Laminations has established with the Hixih Rubber Industry Group. Italy will become the hub for solar production by March 2025, according to an agreement between Chinas Huasun and Bee Solar. Further talks are being held on a possible investment with Dongfeng Motor Group to construct an automobile facility in Italy, which may also involve other Italian component companies. Read More..

B2B Tech News | 1 years ago          

Panama Government Enacts Decrees for $9 Billion in Financing to Support Economic Growth

The Ministry of Economy has been authorised by two decrees from the Panamanian government to pursue finance of up to $9 billion. Under the first order

The Ministry of Economy has been authorised by two decrees from the Panamanian government to pursue finance of up to $9 billion. Under the first order, up to $6 billion in treasury notes with maturities of two to ten years may be issued on the local market. According to the second directive, the ministry may now engage in finance arrangements worth up to $3 billion with domestic and foreign institutions. These actions are meant to boost economic expansion and improve Panamas financial stability. The funding will support several national programs and initiatives, demonstrating the governments dedication to wisely allocating and growing its financial resources. Read More..

B2B Tech News | 1 years ago          

DBS Group Reports 4% Increase in Q2 Net Profit to S$2.80 Billion, Beating Analyst Estimates

The largest bank in Singapore and Southeast Asia in terms of assets, DBS Group, announced a 4% rise in net profit for the second quarter, coming in at

The largest bank in Singapore and Southeast Asia in terms of assets, DBS Group, announced a 4% rise in net profit for the second quarter, coming in at S$2.80 billion $2.11 billion, up from S$2.69 billion the previous year. This outcome was better than the S$2.71 billion average expert forecast. Stronger overall revenue and recordhigh fee income were the main drivers of the profit increase. DBSs success highlights its solid financial standing and dominant market share in the area. The banks successful expansion tactics and efficient management are evident in the increase in earnings, which further solidifies the banks leading position in Southeast Asias financial industry. Read More..

B2B Tech News | 1 years ago          

Hyundai Invests $28 Million in EV and Battery Assembly Facility in Thailand

The Board of Investment BOI has announced that Hyundai Motor Company would invest 1 billion baht $28 million to construct an electric vehicle EV and b

The Board of Investment BOI has announced that Hyundai Motor Company would invest 1 billion baht $28 million to construct an electric vehicle EV and battery manufacturing factory in Thailand. The new facility is slated to start operations in 2026 and will be situated southeast of Bangkok. With this investment, Chinese manufacturers like BYD and Great Wall Motors want to gain a foothold in Thailands rapidly growing EV sector. At least onethird of Hyundais raw materials and parts will be sourced locally, thanks to Thailands wellestablished supply system. This decision underlines Hyundais strategic push into the regions expanding EV market, with Thailand accounting for 55% of Southeast Asias EV sales in the first quarter. Read More..

B2B Tech News | 1 years ago          

Gemini AI Set to Integrate with Earbuds, Allowing HandsFree Access Without Smartphones

Users may soon be able to contact Gemini AIs chatbot through headphones, eliminating the need for smartphones. With code lines mentioning "Talk to Gem

Users may soon be able to contact Gemini AIs chatbot through headphones, eliminating the need for smartphones. With code lines mentioning "Talk to Gemini on earbuds" and "assistant bisto Gemini on buds notification," evidence from Google app version 15.31 implies that users might communicate with Gemini directly through their headphones. Gemini AI might be accessible handsfree thanks to this connection, replacing Google Assistants builtin activation prompted by words like "OK, Google." The functionality previously alluded to in Google app test versions is almost ready for release. This action aligns with Googles overarching plan to increase Gemini AIs capability throughout its network of devices. Read More..

B2B Tech News | 1 years ago          

Android August Security Updates Address 46 Vulnerabilities, Including Critical Remote Code Execution Flaw

This months security upgrades for Android tackle 46 vulnerabilities, one of which is a highseverity remote code execution RCE weakness that has been u

This months security upgrades for Android tackle 46 vulnerabilities, one of which is a highseverity remote code execution RCE weakness that has been used in deliberate assaults. The Linux kernels network route management contains a useafterfree vulnerability that requires system execution rights to exploit. Threat actors can modify the behaviours of network connections through it, which might lead to the arbitrary execution of malware on unpatched devices without user intervention. Google has confirmed that this vulnerability has been intentionally exploited and is trying to fix it. In August, the business provided two security upgrades, including remedies for this and other problems. While patches for Google Pixel smartphones are released quickly, other manufacturers can take longer to release these fixes. Read More..

B2B Tech News | 1 years ago          

CtrlS Datacenters Acquires Land for New Data Center in Patna, Investing Rs 400 Crore

About 300 meters from its current Patna DC1 facility, CtrlS Datacenters Ltd., the largest Rated4 datacenter operator in Asia, has purchased the proper

About 300 meters from its current Patna DC1 facility, CtrlS Datacenters Ltd., the largest Rated4 datacenter operator in Asia, has purchased the property for a new data centre in Patnas Pataliputra Industrial Area. With an estimated expenditure of Rs 400 crore, the new facility would hold around 1,000 racks and have a 10MW IT load capacity. This growth demonstrates CtrlS Datacenters dedication to strengthening its position in Patna, an essential digital hub in eastern India. The projects contribution to strengthening the regional IT economy and creating jobs in the area was highlighted by CEO and founder Sridhar Pinnapureddy. CtrlS Datacenters intends to strengthen its position in the digital infrastructure industry by building over 20 more Edge datacenters in Tier2 and Tier3 Indian cities. Read More..

B2B Tech News | 1 years ago          

Indonesia Opens $478 Million EV Battery Anode Plant in Kendal, Built by BTR New Material and Stellar Investment

A new facility constructed by Chinas BTR New Material Group and Singapores Stellar Investment was officially opened by Indonesian President Joko "Joko

A new facility constructed by Chinas BTR New Material Group and Singapores Stellar Investment was officially opened by Indonesian President Joko "Jokowi" Widodo in Kendal, Central Java. Eighty thousand metric tonnes of anode materials for EV batteries will be produced yearly by this $478 million factory. Utilising its plentiful nickel resources, the initiative supports Indonesias objective of growing the local electric car sector. Jokowi emphasised the plants importance in Indonesias more extensive EV ecosystem policy, which started in 2020 with the export of raw nickel being prohibited. With a second phase scheduled for construction in Q4 2024, BTR intends to increase the plants capacity to 160,000 tonnes annually. Read More..

B2B Tech News | 1 years ago          



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