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Hertz to Sell 20,000 Electric Vehicles, Shifts Focus Back to GasPowered Cars

Due to increased collision and damage costs associated with Electric Vehicles EVs, rental giant Hertz is selling about 20,000 of its Electric Vehicles

Due to increased collision and damage costs associated with Electric Vehicles EVs, rental giant Hertz is selling about 20,000 of its Electric Vehicles EVs, including Teslas, from its U.S. fleet and refocusing on gaspowered vehicles. This action follows Hertzs agreement with Tesla to rent out its cars for around two years. Carmakers are impacted by the decision, which also forces certain rental businesses to reevaluate their EV fleets. It highlights the difficulties the EV market is facing as demand declines. By the end of 2024, Hertz wanted 25% of its fleet to go electric, but it cited increased costs and hidden costs as reasons for changing its mind. Read More..

B2B Tech News | 2 years ago          

Bitcoin ETFs Amass $4.6 Billion in FirstDay Trading, LSEG Data Reveals

Based on LSEG data, trading volume for U.S.listed bitcoin exchangetraded funds ETFs on their debut day was $4.6 billion. An important turning point fo

Based on LSEG data, trading volume for U.S.listed bitcoin exchangetraded funds ETFs on their debut day was $4.6 billion. An important turning point for the cryptocurrency market was reached when the U.S. Securities and Exchange Commission SEC approved 11 spot bitcoin ETFs, including products from BlackRock, Grayscale, and ARK. Trading volumes were dominated by major companies such as Fidelity, BlackRock, and Grayscale. The regulatory approval spurred issuers to compete fiercely for market share, which resulted in a 0.2% to 1.5% decrease in fees. Since December 2021, bitcoin has not been this high since the ETF introduction. However, the opinion of cryptocurrencies within the larger investment community is still apprehensive. Read More..

B2B Tech News | 2 years ago          

EU Adopts Mandatory Cybersecurity Standards for Government Agencies

The European Union has enacted a cybersecurity law requiring strict cyber hygiene standards for EU government institutions. The legislation was propos

The European Union has enacted a cybersecurity law requiring strict cyber hygiene standards for EU government institutions. The legislation was proposed in 2022 and has a September 2024 implementation deadline. It establishes consistent compliance requirements for EU entities, agencies, and institutions. It requires establishing risk controls and periodic evaluations of cybersecurity maturity. The rule fortifies CERTEUs position as a centre for cybersecurity help and information sharing by mandating EU entities to disclose nonclassified incidentrelated information. CERTEU will be overseen, and the Interinstitutional Cybersecurity Board will monitor its execution. This action is in response to worries about cyberattacks targeting vital infrastructure in Europe, especially in light of Russias invasion of Ukraine in 2022. Read More..

B2B Tech News | 2 years ago          

EU Antitrust Chief Vestager Meets Tech CEOs to Discuss Regulation and Competition

The CEOs of Apple, Alphabet, and Qualcomm met with EU antitrust chief Margrethe Vestager to talk about regulation and adherence to competition laws. T

The CEOs of Apple, Alphabet, and Qualcomm met with EU antitrust chief Margrethe Vestager to talk about regulation and adherence to competition laws. The obligation to permit software distribution outside of the AppStore was one of the issues of discussion with Apples Tim Cook. Discussions with Sundar Pichai of Alphabet and Google discussed the design of option screens, selfpreferencing about the Digital Markets Act DMA, and the Google ad tech antitrust issue. Companies with more than 45 million monthly users and a market valuation of €75 billion are deemed gatekeepers by the DMA and are subject to interoperability standards. During her conversation with Cristiano Amon of Qualcomm, Vestager stressed the significance of for the economic security of the European Union. Read More..

B2B Tech News | 2 years ago          

OpenAI CEO Sam Altman Discusses AIs Promise and Risks with U.S. House Speaker

Sam Altman, the CEO of OpenAI, met with Speaker of the House Mike Johnson on Capitol Hill to talk about the potential benefits and drawbacks of artifi

Sam Altman, the CEO of OpenAI, met with Speaker of the House Mike Johnson on Capitol Hill to talk about the potential benefits and drawbacks of artificial intelligence AI. The meetings topic was how to mitigate potential hazards while taking advantage of AIs enormous benefits. Although the Biden administration has been pushing for AI legislation, the divisive US Congress has not moved the needle quickly enough. AIs potential to impede democratic processes, enable fraud, and result in job losses are among the issues surrounding it. Legislators in Europe are actively working on AI regulations, putting them ahead of those in the United States. Altman was excited about the legislative process that will deal with the hazards associated with AI. Read More..

B2B Tech News | 2 years ago          

U.S. Senators Urge SEC to Investigate Cybersecurity Incident

Senators Ron Wyden, a Democrat, and Cynthia Lummis, a Republican, are among the US senators who have urged the Securities and Exchange Commission SEC

Senators Ron Wyden, a Democrat, and Cynthia Lummis, a Republican, are among the US senators who have urged the Securities and Exchange Commission SEC to look into the recent cybersecurity issue involving hacking the agencys X previously Twitter account. The price of Bitcoin briefly increased due to the unauthorised posts assertion that exchangetraded funds ETFs for the cryptocurrency were approved. The senators attacked the SEC for what seemed to be a disregard for cybersecurity best practices, especially because twofactor authentication was not in place at the time of the occurrence. They asked the SEC to examine its twofactor authentication policies and rectify any remaining security holes. Read More..

B2B Tech News | 2 years ago          

Nikkei Share Average Hits Highest Level Since 1990 on Weaker Yen

A cheaper Yen helped exporters and allayed fears that the Bank of Japan might soon tighten policy in response to dismal wage data, as the Nikkei share

A cheaper Yen helped exporters and allayed fears that the Bank of Japan might soon tighten policy in response to dismal wage data, as the Nikkei share average in Japan rose to its highest level since February 1990. By midday, the Nikkei gained 1.94% to 35,110.52, on track to record its most considerable weekly increase since March 2020. At 2,488.65, the Topix index was up 1.81%. Novembers weak accurate wage growth figures, which marked the 20th straight month of wage declines, dampened expectations that the BOJ would soon raise interest rates. For exporters, a lower Yen increases the value of their foreign profits when repatriating. Overnight, the Yen dropped 0.9% vs the dollar, closing at 145.56. Read More..

B2B Tech News | 2 years ago          

Malaysia and Singapore Join Forces for Special Economic Zone in Johor

As part of initiatives to draw investments and ease the flow of people and commodities, Malaysia and Singapore have decided to work together on a Spec

As part of initiatives to draw investments and ease the flow of people and commodities, Malaysia and Singapore have decided to work together on a Special Economic Zone SEZ in Johor, Malaysia. The two nations intend to draft an extensive agreement addressing corporate process simplification and renewable energy. The SEZ seeks to improve commerce between countries, which will help both economies. With around 70% of all foreign direct investment in manufacturing in Johor, Singapore is the secondlargest foreign investor. Singapores minister of trade and industry and Malaysias minister of economy, Rafizi Ramli, inked the deal. Read More..

B2B Tech News | 2 years ago          



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