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U.S. and UK Accuse China of DecadeLong Cyberespionage Campaign

APT31, a group allegedly connected to Chinas Ministry of State Security, is alleged to have carried out a broad cyberespionage operation, according to

APT31, a group allegedly connected to Chinas Ministry of State Security, is alleged to have carried out a broad cyberespionage operation, according to accusations made by American and British authorities, who have also levied penalties against China. The targets were lawmakers, public servants, defence contractors, and dissidents. The effort lasted more than ten years to acquire trade secrets, undermine institutions, and stifle opponents. The United States and Britain placed sanctions on Wuhan Xiaoruizhi Science & Technology and two Chinese people even though Chinese diplomats refuted the accusations. The increase highlights the growing tensions between Beijing and Western countries over cyberespionage, as both sides accuse one another of hacking. The indictment also named specific incidents of targeting, including a 2020 U.S. presidential campaign and an American company implicated in public opinion research during the 2018 midterm election. Read More..

B2B Tech News | 1 years ago

Airbus Secures Major Orders from Japanese and South Korean Airlines, Dealing Blow to Boeing

Japan Airlines JAL and Korean Air, two major Asian clients, placed big contracts with Airbus for 65 aircraft, striking a blow to Boeing during its man

Japan Airlines JAL and Korean Air, two major Asian clients, placed big contracts with Airbus for 65 aircraft, striking a blow to Boeing during its manufacturing problems. JAL has placed its first order for smaller singleaisle jets from Airbus, announcing intentions to buy 21 widebody A350900 and 11 narrowbody A321neo aircraft. Meanwhile, as part of its longterm fleet planning, Korean Air announced a $13.7 billion commitment to buy 33 A350s, its first acquisition of this aircraft family. The substantial orders resulted from Airbuss growing market share in the singleaisle segment and Boeings continuous struggles. In the face of worldwide aircraft scarcity, both Asian carriers noted the need for newer, more efficient aircraft to satisfy sustainability goals and increased demand. Read More..

B2B Tech News | 1 years ago

Swiss National Bank SNB Surprises Markets with First Rate Cut in Nine Years

The primary interest rate of the Swiss National Bank SNB dropped by 25 basis points to 1.50%, surprising the markets with the banks first rate reducti

The primary interest rate of the Swiss National Bank SNB dropped by 25 basis points to 1.50%, surprising the markets with the banks first rate reduction in nine years. The decline in Swiss inflation and the strengthening of the Swiss currency drove this decision, the first of its kind by a major central bank to reverse stricter monetary policies intended to combat inflation. The efficacy of previous measures to combat inflation was underlined by SNB Chairman Thomas Jordan, who noted the banks latest inflation estimates, which predict inflation would stay within the target range of 02%. Given the SNBs history of prudence, analysts consider the rate drop a daring move and anticipate such reductions. The decision contrasts with recent moves by other central banks, including the Bank of Japans interest rate hike and rate hikes by central banks in Taiwan and Turkey. Read More..

B2B Tech News | 1 years ago

Australias Reserve Bank Flags Ongoing Challenges in Financial Stability Review

In its semiannual Financial Stability Review, the Reserve Bank of Australia projects that highinterest rates and inflation will continue to be a probl

In its semiannual Financial Stability Review, the Reserve Bank of Australia projects that highinterest rates and inflation will continue to be a problem for companies and families. The RBA acknowledged the tenacity of these industries but also highlighted persistent difficulties, which are reflected in its decision to maintain stable interest rates and abandon its tightening bias. Although there were worries about family finances, there was some solace in recent statistics indicating a decline in the jobless rate. According to the RBAs scenario study, most borrowers could cope even with an interest rate hike of 50 basis points. Even if a surge in loan defaults is anticipated, Australian banks are seen to be wellprepared. The assessment also emphasised foreign risks, highlighting the interdependence of Australias financial system with the possible consequences of vulnerabilities in Chinas real estate industry and global commercial real estate markets. Read More..

B2B Tech News | 1 years ago

Ethiopia Pursues IMF Loan as Economic Challenges Mount

To seek respite from its economic woes, Ethiopia has welcomed a staff mission from the International Monetary Fund IMF to expedite loan programme disc

To seek respite from its economic woes, Ethiopia has welcomed a staff mission from the International Monetary Fund IMF to expedite loan programme discussions. The nation seeks to address debt repayment and economic stabilisation in the face of inflation and currency shortages with a reported $3.5 billion proposal. Obstacles include continued hostilities, and debt relief negotiations with creditors have drawn out conversations despite attempts. The Paris Clubs admonition increases the urgency of stopping the debt payment suspension by the end of March if no IMF loan is obtained. China is offering Ethiopia financial relief, but Ethiopia is under pressure to settle an impending Eurobond. The IMF mission in Addis Ababa will evaluate Ethiopias economic strategy to maintain stability and resolve financial worries, most likely concentrating on sectoral liberalisation and currency depreciation. Read More..

B2B Tech News | 1 years ago

Reddits IPO Surges to $9 Billion, But Users Express Skepticism on Future Performance

When Reddits stock market valuation soared to about $9 billion after its Wall Street debut, people on the major stock trading forums on social media b

When Reddits stock market valuation soared to about $9 billion after its Wall Street debut, people on the major stock trading forums on social media began to express scepticism about the companys share prospects. Some members on Reddits "wallstreetbets" site exhibited interest in buying put options, indicating a pessimistic opinion towards the stock despite the successful Initial Public Offering IPO. Although the firm received $748 million in its IPO, priced at the upper end of the projected range, Reddit debates have been centred on the platforms lack of profitability since its launch in 2005. Some Reddit users are still hesitant to participate in the firm, even though Reddits IPO drew retail investors and reserved shares for specific community members, such as moderators and workers. Additionally, Nasdaq plans to list options on Reddit starting Monday, allowing investors to bet against the stock. Read More..

B2B Tech News | 1 years ago

Global Resolution on AI Passed by UN General Assembly with Unanimous Support

In a unanimous vote, the U.N. General Assembly adopted the first international resolution on AI, calling on nations to defend human rights, secure per

In a unanimous vote, the U.N. General Assembly adopted the first international resolution on AI, calling on nations to defend human rights, secure personal information, and watch for potential dangers. The nonbinding resolution, which was put out by the U.S. and has more than 120 cosponsors, including China, highlights the need to bolster privacy regulations. The resolution was praised by U.S. Ambassador to the UN Linda ThomasGreenfield as a concerted attempt to control AI instead of letting it rule us. The measure highlights threats to fundamental freedoms and human rights to address worries about the possible abuse of AI systems. The U.S. Congress will need help enacting laws similar to what Europe has accomplished in AI regulation. Despite resistance, the resolution marks a significant step towards establishing global principles for AI development and use, aiming to mitigate risks while promoting responsible innovation. Read More..

B2B Tech News | 1 years ago

Check Point and NVIDIA Join Forces to Bolster AI Cloud Security with Check Point AI Cloud Protect

With the Check Point AI Cloud Protect solution, Check Point Software Technologies Ltd. and NVIDIA have strengthened the security of AI cloud infrastru

With the Check Point AI Cloud Protect solution, Check Point Software Technologies Ltd. and NVIDIA have strengthened the security of AI cloud infrastructure. Using NVIDIA DPUs, this partnership seeks to protect AI workloads from assaults by thwarting threats at the host and network levels. Check Points Vice President of Network Security, Gera Dorfman, highlights the necessity for strong security measures to prevent interruptions to AI systems due to the increasing sophistication of cyber attacks targeting AI deployments. Check Point protects the integrity and security of AI operations and NVIDIAs integration of network and hostlevel security insights, providing complete defence against established and new cyber threats. Yael Shenhav, VP of Networking Products at NVIDIA, underscores the importance of securing AI clouds amid their increasing prevalence. NVIDIA BlueField 3 facilitates robust cyber defence measures. Powered by NVIDIA BlueField 3 DPU and DOCA software framework, AI Cloud Pro Read More..

B2B Tech News | 1 years ago

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