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Lucid Group Trims 2023 Vehicle Production Forecast to Match Deliveries

To better match delivery capabilities, Lucid Group has lowered its projected car production for 2023 from over 10,000 units to a range of 8,000–8,50

To better match delivery capabilities, Lucid Group has lowered its projected car production for 2023 from over 10,000 units to a range of 8,000–8,500 vehicles. As analysts predicted the amount of $183.8 million, the total revenue generated was only $137.8 million in the third quarter, after which the change was made. The announcement caused a 4% decline in Lucid Groups shares during extended trading. The choice to reduce production targets is intended to guarantee a more cautious and grounded approach to car manufacture. Read More..

B2B Tech News | 2 years ago          

Cybersecurity Coalition US, South Korea, Japan Target North Korean Threats

To combat North Koreas cyber operations that finance its illegal weapons programmes, the US, South Korea, and Japan have formed a highlevel consultati

To combat North Koreas cyber operations that finance its illegal weapons programmes, the US, South Korea, and Japan have formed a highlevel consultation committee. The purpose of the groups quarterly meetings is to strengthen the ability of the three nations to counteract North Koreas cyberattacks and effectively respond to worldwide cyber threats. There are claims that the Norths nuclear and WMD programmes get a substantial amount of cash from these operations. The action comes after these three nations Presidents met in August and decided to form a new trilateral working group to deal with North Koreas cyber threats. Read More..

B2B Tech News | 2 years ago          

Big Tech Faces EUs Push for Transparency in Political Ads

New regulations that force Big Tech companies to explicitly label political advertising on their platforms, reveal who paid for it and how much, and i

New regulations that force Big Tech companies to explicitly label political advertising on their platforms, reveal who paid for it and how much, and identify which elections are being targeted have been agreed upon by the European Union. These regulations will require businesses like Google and Meta Platforms to be more open and responsible. Fines for infractions may reach 6% of the yearly revenue of the advertising supplier. The regulations also forbid political advertising in the EU sponsored by thirdcountry organisations three months before to elections or referendums. Also, they forbid the use of person profiles based on sexual orientation, religion, or ethnicity. Read More..

B2B Tech News | 2 years ago          

Optus Service Blackout Disrupts Millions of Australians for Nine Hours

Millions of consumers were impacted by a ninehour neartotal service disruption experienced by Optus, the secondlargest internet provider in Australia.

Millions of consumers were impacted by a ninehour neartotal service disruption experienced by Optus, the secondlargest internet provider in Australia. Peoples inability to pay for items, get medical care, or make phone calls due to the outage brought attention to the nations growing dependence on internet services. Australias cash transaction rate dropped to 16% in the three years before 2022 as more individuals opted for contactless payments. The impacts of the blackout were most noticeable in the healthcare industry since electronic messaging and telemedicine have grown to be essential services. Singapore Telecommunications Optus provided no reason for the interruption but later brought back the majority of services. Read More..

B2B Tech News | 2 years ago          

Sustainable Success Candid Constructions Business Gateway Journey

Candid Construction Scotland Limited is a lowcarbon construction services firm that has effectively grown its operations with the assistance of Busine

Candid Construction Scotland Limited is a lowcarbon construction services firm that has effectively grown its operations with the assistance of Business Gateway, a business development programme offered by the Scottish government. Candid Construction, which was founded in 2020, approached Business Gateway for advice on expanding its clientele of business clients. Business Gateway linked the organisation with beneficial programmes and opportunities, created introductions, and offered oneonone support. Candid Construction was able to expand its company and win new contracts, thanks to this help. The companys emphasis on sustainability is in line with the objectives of the Scottish government on ecofriendly practices. Read More..

B2B Tech News | 2 years ago          

Debate Sparked Is Narayana Murthys Workweek Idea Viable for India?

The founder of Infosys, Narayana Murthy, caused a sensation when he advocated for young people to work seventy hours a week to strengthen Indias econo

The founder of Infosys, Narayana Murthy, caused a sensation when he advocated for young people to work seventy hours a week to strengthen Indias economy. Although a lot of people took issue with his remarks, several prominent figures in the sector think that India might need to adopt this strategy to compete internationally. India already has a longer workweek than the US, UK, and Germany, averaging 47.7 hours. Social media users are debating Murthys comments, with some highlighting the value of flexibility and a worklife balance. Even while success is still determined by hard labour, giving women flexibility and opportunity in their jobs is essential to Indias economic development. Read More..

B2B Tech News | 2 years ago          

Nigerian Naira Bounces Back to 1,000 per Dollar

On the black market, the value of the Nigerian Naira has increased to 1,000 per US dollar, surpassing the previous low of 1,300 Naira. Following the c

On the black market, the value of the Nigerian Naira has increased to 1,000 per US dollar, surpassing the previous low of 1,300 Naira. Following the central banks start of settling outstanding currency forwards due to banks, there has been a rebound. Pastdue commitments and rising demand on the black market have put pressure on the Naira. The pressure on the blackmarket rate has decreased as a result of the central banks decision to clear outstanding foreign currency futures. The Naira recent advances indicate some stabilisation of the currency despite the official exchange rate dropping. However, issues persist in securing the anticipated dollar inflows and enhancing liquidity in the foreign exchange market. Read More..

B2B Tech News | 2 years ago          

WeWorks Bold Move Filing for Bankruptcy to Fix Finances

The SoftBank Groupbacked officesharing business WeWork has declared bankruptcy in the US. The action is being taken as SoftBank, which controls around

The SoftBank Groupbacked officesharing business WeWork has declared bankruptcy in the US. The action is being taken as SoftBank, which controls around 60% of WeWork, looks to resolve its financial issues and renegotiate the companys expensive contracts. Nearly 92% of WeWorks lenders have consented to convert their secured debt into equity as part of the bankruptcy filing, wiping off nearly $3 billion in debt. The business thinks it has enough cash on hand to carry on operating outside of the United States and Canada. Because of the shift towards remote work, WeWork has seen difficulties with profitability as clients have downsized their requirements for office space. Its creator, Adam Neumann, was fired due to his unusual behaviour and the companys explosive expansion. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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