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Algeria Grapples with Soaring Inflation, Making Goods Unaffordable

Due to Algerias high inflation rate of 9.53%, most people cannot afford the countrys high cost of commodities—customers at the Reda Houhou market in

Due to Algerias high inflation rate of 9.53%, most people cannot afford the countrys high cost of commodities—customers at the Reda Houhou market in central Algiers battle with skyrocketing prices, particularly during Ramadan. Citizens are nevertheless impacted by years of austerity, even as the economy recovers due to increased oil prices. Mustapha Bali, a civil servant, bemoans the exorbitant costs associated with Ramadan, mentioning beef at 2600 dinars a kg and tomatoes at 120–140 dinars. Ahmed Laaloufi, a meat dealer, imports goods since they are scarce locally. Customers are helped by the governments financing of an Algiers market, which offers accessible and reasonably priced goods. According to analyst Nabil Djemaa, inflation is caused by rising costs for manufactured goods and raw materials, especially for agricultural items like semolina. Read More..

B2B Tech News | 1 years ago          

Settlement Reached Google to Overhaul Chromes Incognito Mode Privacy

Fresh information on Googles classaction lawsuit settlement over Chromes surveillance of Incognito users surfaced on Monday. Google initially faced th

Fresh information on Googles classaction lawsuit settlement over Chromes surveillance of Incognito users surfaced on Monday. Google initially faced the possibility of $5 billion in damages but has since committed to making significant corrections. As part of the settlement, data acquired illegally will be discarded, data collection notices will be updated, and default settings will be implemented to prevent thirdparty cookies from Chrome for five years. The complaint highlighted internal emails demonstrating Googles worries. It accused the company of misrepresenting customers about the privacy of Incognito mode. Some users have launched separate lawsuits, even though the deal is pending final approval. Nevertheless, given the possibility of data sales to other parties, the efficacy of expunging gathered data before 2016 could be better. Another factor that could eclipse the requirement to turn off thirdparty monitoring cookies is Googles ongoing Privacy Sandbox project. Read More..

B2B Tech News | 1 years ago          

Meta to Establish First Data Center in India, Eyeing Market Growth

The Economic Times claims that Meta, the parent company of Facebook, Instagram, and WhatsApp, is setting up shop at the Reliance Industries site in Ch

The Economic Times claims that Meta, the parent company of Facebook, Instagram, and WhatsApp, is setting up shop at the Reliance Industries site in Chennai for its first data centre in India. After talks between the two organisations, this action highlights how important Meta views the Indian market. Compared to Metas Singapore centre, the data centre seeks to improve speed, user experience, and costeffectiveness by processing data locally for Indian users. With a 100 megawatt IT load capacity, the 10acre Chennai campus is a joint venture between Digital Realty, Reliance Industries, and Brookfield Asset Management. Metas investment supports the development of AIdriven applications in India. It aligns with the countrys heightened examination of AI technology. Read More..

B2B Tech News | 1 years ago          

US and UK Forge Partnership to Enhance AI Safety

The United States and Britain have signed a memorandum of understanding to collaboratively develop enhanced AI model testing as part of a new collabor

The United States and Britain have signed a memorandum of understanding to collaboratively develop enhanced AI model testing as part of a new collaboration centred on Artificial Intelligence AI safety. The goal of this partnership is to allay worries over the dangers of impending nextgeneration AI versions. Both nations are creating governmentrun AI safety institutions and acknowledge AI as a defining technology. The institutes will investigate personnel exchanges and conduct cooperative testing exercises as part of the agreement. They intend to cooperate on technological research and exchange essential data on AIs potential benefits and hazards. With the imminent introduction of new, more powerful AI models, the project emphasises how urgent it is to address AIassociated hazards. Both countries are committed to promoting AI safety and reducing potential catastrophic effects, such as those related to bioterrorism or nuclear war simulation. Read More..

B2B Tech News | 1 years ago          

Thales Launches cortAIx A Breakthrough AI Accelerator for Critical Systems

The AI accelerator cortAIx, developed by Thales, a prominent participant in ethical and trustworthy AI, aims to integrate AI technology throughout its

The AI accelerator cortAIx, developed by Thales, a prominent participant in ethical and trustworthy AI, aims to integrate AI technology throughout its sectors. CortAIx is a lab, factory, and sensor capabilities that improve military, space, and cybersecurity, among other vital systems. Thales preserves enduser decisionmaking by emphasising trustworthy AI. They use specialised evaluation techniques and cybersecurity knowhow to counteract AI security risks. Reliable artificial intelligence is incorporated into vital systems like radar, sonar, and aviation equipment, improving system performance and operator skills. Two examples are AIassisted air traffic control and the realtime analysis of optronics pictures on fighter planes. Thales is a leader in using AI in various fields, putting operator support, efficiency, and security first. Read More..

B2B Tech News | 1 years ago          

Thailands Economy Faces Challenges World Bank Downgrades Growth Forecast

The World Bank predicts that poor exports and a postponed budget will be the leading causes of Thailands 2.8% economic growth in 2024 and 3.0% growth

The World Bank predicts that poor exports and a postponed budget will be the leading causes of Thailands 2.8% economic growth in 2024 and 3.0% growth in 2025. This expectation decreases from earlier estimates of 3.2% for each two years. In 2023, the economy increased by 1.9%, but the last quarter saw an unanticipated 0.6% contraction. In addition, the slowdown in international commerce and postponed government expenditure caused Thailands central bank to lower its forecast for growth in 2024 to 2.5%–3.0%. The poor prognosis is partly attributed to bleak public investment and export expectations. Notwithstanding obstacles, development is anticipated to be driven by tourism and private consumption visitor visits are anticipated to return to 90% of prepandemic levels. The government wants to give its residents a $14 billion gift to help the economy, but worries over increased public debt persist. Read More..

B2B Tech News | 1 years ago          

European Union FastTracks Financial Aid to Egypt Amid Economic Challenges

The European Union intends to circumvent parliamentary scrutiny and other protections to speed up financial help to Egypt through an urgent funding me

The European Union intends to circumvent parliamentary scrutiny and other protections to speed up financial help to Egypt through an urgent funding mechanism. This action attempts to solve Egypts economic problems, which have been made worse by several variables, such as the pandemic and regional wars. Concerns concerning migration and regional stability surround the EUs decision. Grants, loans, and investments are all part of the aid package, with a sizeable amount designated for migration management. The EU stresses the necessity for immediate economic assistance even as it recognises Egypts sluggish progress towards change and human rights concerns. Recently, Egypt has taken measures to stabilise its economy, such as floating its currency and obtaining funding from Gulf governments and international organisations. Read More..

B2B Tech News | 1 years ago          

Rakuten Group to Streamline Fintech Operations with Consolidation Move

The Rakuten Group intends to combine all of its fintech companies into one organisation to improve cooperation and client acquisition in several indus

The Rakuten Group intends to combine all of its fintech companies into one organisation to improve cooperation and client acquisition in several industries, such as online banking, credit cards, securities, and insurance. It is anticipated that Rakuten Group and Rakuten Banks agreement of understanding for reorganisation will take effect in October. Despite the merger, Rakuten Bank will continue to be listed in the Tokyo market. Rakuten Group is taking action to strengthen its financial performance, which has been problematic since the companys 2020 launch of its mobile carrier. Rakuten has explored partnerships, asset sales, stock and debt offerings, and the sale of a portion of its securities division to Mizuho Financial Group to generate income. Read More..

B2B Tech News | 1 years ago          



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