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Australian Prime Minister Commits to Stage 3 Tax Changes Cuts to Personal Income Tax Rates

Anthony Albanese, the prime minister of Australia, has pledged to implement stage 3 tax reforms, which would lower personal income tax rates starting

Anthony Albanese, the prime minister of Australia, has pledged to implement stage 3 tax reforms, which would lower personal income tax rates starting on July 1. The goal of the tax cuts, which were first enacted five years ago with backing from Labour and the Coalition, is to eliminate the 37% marginal tax rate for individuals earning more than $120,000 and lower the 32.5% tax rate to 30% for those making between $45,000 and $200,000. The Greens have demanded that the $313 billion tax plan be abandoned because some experts fear it may increase inflation. Albanese, nevertheless, has declared that the tax cuts would go forward as scheduled. Read More..

B2B Tech News | 2 years ago          

Bitcoin Hits SevenWeek Low, Falls Below $40,000

After launching 11 spot bitcoin ExchangeTraded Funds ETFs on January 11, the price of bitcoin dropped to a sevenweek low and was trading below $40,000

After launching 11 spot bitcoin ExchangeTraded Funds ETFs on January 11, the price of bitcoin dropped to a sevenweek low and was trading below $40,000. At $39,938.00, the cryptocurrency saw a recent decline of 3.98%. The secondbiggest cryptocurrency, Ether, also decreased, falling 6.37% to $2,328.30. Expectations that bitcoin ETFs would be approved by the U.S. Securities and Exchange Commission SEC had caused the price of bitcoin to soar but, since it competes with regular equities, it now confronts difficulties. Several analysts had predicted that the price of Bitcoin would be correct following the recent advances. More pressure came from withdrawals from FTXs ETF shares and Grayscale Investments bitcoin trust. Read More..

B2B Tech News | 2 years ago          

Denim Brand DENHAM Targeted in Akira Ransomware Attack

The Amsterdambased denim company DENHAM has acknowledged that it was the subject of a ransomware assault, with the Akira gang being the perpetrator. A

The Amsterdambased denim company DENHAM has acknowledged that it was the subject of a ransomware assault, with the Akira gang being the perpetrator. A DENHAM representative stated that the assault was detected on December 27, 2023, and had no appreciable effect on the brands online and instore offerings. The corporation hired a specialist cybersecurity organisation to counter the attack and conducted a digital forensic examination. DENHAM reassured customers, business partners, and staff that the personal information of those who visited its online store was secure. As a precaution, DENHAM has contacted the Dutch Data Protection Authority and taken steps to strengthen security. Read More..

B2B Tech News | 2 years ago          

SEC X Account Hacked SIM Swapping Technique Exposed

Earlier this month, the U.S. Securities and Exchange Commission SEC disclosed that a "SIM swapping" technique was used to hack into its X formerly Twi

Earlier this month, the U.S. Securities and Exchange Commission SEC disclosed that a "SIM swapping" technique was used to hack into its X formerly Twitter account. The SEC also revealed that its employees had disabled multifactor authentication MFA, an extra security measure, six months before the assault and had just added it back on January 9th. After taking over the SECs X account, the hackers published a fictitious statement purporting to approve bitcoin exchangetraded products, which momentarily drove up the cryptocurrencys price. Attackers can control a phone number by reassigning it to a different device through SIM swapping. Read More..

B2B Tech News | 2 years ago          

Metas Response to Digital Markets Act User Choice for Data Sharing

Meta Platforms, the old Facebook, is updating its European services by the Digital Markets Act DMA of the European Union. Notifications on Instagram a

Meta Platforms, the old Facebook, is updating its European services by the Digital Markets Act DMA of the European Union. Notifications on Instagram and Facebook will let users choose whether to share their information between the two platforms. The adjustments are made to comply with the DMA, which mandates that Big Tech companies handle their services and goods the same way they handle competitors. Users of Facebook Messenger will also be able to choose whether to link or keep their Facebook and Messenger accounts alone. March 7 is the DMAs deadline for compliance. Read More..

B2B Tech News | 2 years ago          

Meta Ramps Up AI Push with 350,000 Nvidia GPUs

CEO of Meta, Mark Zuckerberg, declared that the firm is stepping up its AI efforts and that by years end, it would have around 350,000 H100 GPUs Graph

CEO of Meta, Mark Zuckerberg, declared that the firm is stepping up its AI efforts and that by years end, it would have around 350,000 H100 GPUs Graphics Processing Units from Nvidia. With the addition of comparable chips from other vendors, Meta hopes to have around 600,000 GPUs in total, ranking its system among the biggest in the IT sector. This action is a part of Metas endeavour to connect with the vision of the AR/VRdriven metaverse and include generative AI into its products. After years of spearheading AI research through its FAIR team, the corporation has been attempting to catch up, with minimal success, in integrating the technology into its primary products. Read More..

B2B Tech News | 2 years ago          

Kenya to Exit GovernmenttoGovernment G2G Oil Supply Deal

The GovernmenttoGovernment G2G oil supply agreement between the Kenyan government and its three national oil exporters from the Gulf is scheduled to e

The GovernmenttoGovernment G2G oil supply agreement between the Kenyan government and its three national oil exporters from the Gulf is scheduled to expire in April 2023. The goal of the G2G agreement was to maintain the value of the Kenyan Shilling relative to other currencies. But according to an International Monetary Fund IMF assessment, the plan has yet to produce the expected outcomes. The government intends to end the oil import agreement because of increasing rollover risk for financing facilities in the private sector, inefficiencies in the foreign exchange market, and a dedication to private market solutions in the energy sector. The ninemonth agreement was first extended until December 2024, when it was withdrawn. The Kenyan Shilling lost more than 20% of its value relative to the US dollar, notwithstanding the plan Read More..

B2B Tech News | 2 years ago          

South Koreas FSC Vows to Boost InvestorFriendly Environment for Foreigners

According to Kim Soyoung, the deputy chairman of the Financial Services Commission FSC, South Koreas financial regulator, the organisation wants to im

According to Kim Soyoung, the deputy chairman of the Financial Services Commission FSC, South Koreas financial regulator, the organisation wants to improve the countrys financial markets allure to international investors and investorfriendly atmosphere. This pledge was made during a meeting in Seoul with representatives of foreign financial firms. This action comes after short selling was outlawed in November 2023. Kim underlined the initiatives taken by the government to internationalise the financial sector and foster an atmosphere welcoming to foreign financial enterprises. To improve foreign access to the market, regulatory reforms were put in place, such as removing a 30yearold restriction requiring foreigners to register to trade listed equities. Read More..

B2B Tech News | 2 years ago          



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