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Portugals Tax Overhaul Sparks Tech Sector Worries

Those who profited from Portugals plan to terminate the advantageous tax regime under the nonhabitual resident NHR legislation for new entrants in 202

Those who profited from Portugals plan to terminate the advantageous tax regime under the nonhabitual resident NHR legislation for new entrants in 2024, particularly in the tech industry, have expressed concerns. The NHR statute made it an appealing location for computer workers by allowing international residents to pay a flat 20% tax on their income for ten years. The Portuguese government intends to replace it with a more focused initiative that emphasises luring in foreign scholars and experts. While others contend that tax incentives are no longer necessary to draw professionals to Portugal, the government attributes the increase in home prices to these kinds of programmes. The ability of the nation to retain and attract people in the tech sector may be impacted by this development. Read More..

B2B Tech News | 2 years ago          

Rights vs. Trade Biden Drops Hammer on African Partners

In response to "gross violations" of human rights or a lack of progress towards democratic governance, U.S. President Joe Biden has announced plans to

In response to "gross violations" of human rights or a lack of progress towards democratic governance, U.S. President Joe Biden has announced plans to remove Uganda, Gabon, Niger, and the Central African Republic CAR from the African Growth and Opportunity Act AGOA, a trade programme between the United States and Africa. Under AGOA, qualifying subSaharan African nations can import more than 1,800 goods into the United States dutyfree. Niger and Gabon—both ruled by the military following coups this year—were declared unsuitable because countries havent made headway in instituting the rule of law and political plurality. Removing Uganda and the Central African Republic is being done because of "gross violations of internationally recognised human rights." Read More..

B2B Tech News | 2 years ago          

South Koreas Exports Rise 5.1%, Breaking YearLong Trend

October saw a 5.1% YoY gain in South Koreas exports at $55.09 billion, the first YoY increase since September 2022. Strong sales to the United States

October saw a 5.1% YoY gain in South Koreas exports at $55.09 billion, the first YoY increase since September 2022. Strong sales to the United States and a gradual improvement in Chinas demand were the main drivers of the increase. The gain, however, fell short of the median 5.5% gain that Reuters polled economists to forecast. Exports to the US increased by 17.3%, while shipments to China decreased by 9.5%, the lowest level in 13 months. Automobile exports increased by 19.8%, continuing a 16month streak of growth, and petroleum product exports increased by 18.0%, reversing a slump of seven straight months. For the fifteenth consecutive month, semiconductor sales decreased nevertheless, Octobers 3.1% decline was the lowest of the run. Read More..

B2B Tech News | 2 years ago          

Debt Overload WeWork Faces Imminent Bankruptcy

The flexible workspace company WeWork intends to file for bankruptcy as soon as next week because of its large debt and losses. The business is having

The flexible workspace company WeWork intends to file for bankruptcy as soon as next week because of its large debt and losses. The business is having trouble paying off almost $13 billion in longterm leases in addition to a hefty debt load. WeWork and its creditors recently reached a deal whereby WeWork will temporarily suspend debt payments as the grace period draws to an end. Its filing for bankruptcy indicates a huge decline for a firm valued at $47 billion in 2019 and a substantial loss for investor SoftBank, who had made large investments. As of June, its net longterm debt was $2.9 billion. WeWork raised doubts earlier this year about its capacity to continue operations after announcing its 2021 IPO at a significantly lower valuation. Read More..

B2B Tech News | 2 years ago          

ALERT Arid Viper Strikes with Covert Android Spyware

APTC23, often referred to as Desert Falcon, TAG63, or APTC23, is a cyberespionage group that is connected to Hamas, the Islamist militant organisation

APTC23, often referred to as Desert Falcon, TAG63, or APTC23, is a cyberespionage group that is connected to Hamas, the Islamist militant organisation that controls the Gaza Strip. It started operating in 2017 at the latest. A recent Android spyware campaign that targeted Arabicspeaking users of a fake dating app has been linked to Arid Viper. The operators of the mobile malware may have a connection to the nonmalicious dating programme Skipped, or they may have imitated some of its features to trick consumers. This is indicated by the similarities in source code between the two apps. Like in the past, Arid Viper uses what appear to be harmless chat programs to spread malware. A network of businesses developing related datingthemed applications was discovered by Cisco Talos, prompting worries about possible abuse in upcoming campaigns. Read More..

B2B Tech News | 2 years ago          

FAA Clears Hurdle in SpaceX StarshipSuper Heavy Review

An important step in the regulatory procedure has been reached with the completion of the safety review of the SpaceX StarshipSuper Heavy licence by t

An important step in the regulatory procedure has been reached with the completion of the safety review of the SpaceX StarshipSuper Heavy licence by the Federal Aviation Administration FAA. Nonetheless, in accordance with the Endangered Species Act, the FAA is still working on an environmental study and engaging with the U.S. Fish and Wildlife Service USFWS on an updated Biological Assessment. Before the licence evaluation may proceed, the environmental review and consultation must be finished. Although there are still procedures to be taken before the project can obtain complete certification, this represents progress in the regulatory approval process for SpaceXs ambitious Starship project. Read More..

B2B Tech News | 2 years ago          

Canada Takes a Stand Bans WeChat and Kaspersky Apps

Due to privacy and security concerns, Canada has prohibited the Chinese messaging app WeChat and the Russian antivirus software Kaspersky from being u

Due to privacy and security concerns, Canada has prohibited the Chinese messaging app WeChat and the Russian antivirus software Kaspersky from being used on governmentissued mobile devices. However, the country has assured the public that no official data has been stolen. Following an evaluation by Canadas top information officer, it was decided that these applications posed an intolerable amount of danger. The tactics used by the apps to harvest data sparked worries, even though there is no proof of government data being compromised. This move is in line with such measures made by other nations worried about security and privacy issues related to specific foreignowned software and apps. Read More..

B2B Tech News | 2 years ago          

UN Unleashes the AI Atlas Mapping Governance for Tomorrow

An initial report on artificial intelligence AI is being developed by the UN to promote awareness and encourage dialogue on the opportunities, hazards

An initial report on artificial intelligence AI is being developed by the UN to promote awareness and encourage dialogue on the opportunities, hazards, and governance of AI. The United Nations is working to address global concerns about AI governance, and this paper is a part of that effort. A 39member advisory group has been established to help with this endeavour, and it is scheduled to publish two reports a preliminary report by the end of 2023 and a full report in 2024. The main goals are to evaluate the state of worldwide AI governance at the moment, spot regulatory loopholes, and investigate ways to work with other countries to close these gaps. Read More..

B2B Tech News | 2 years ago          



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5.  Approximately 8 billion gadgets connect on the internet every day.
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