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Toyota Fights for Green Driving, Lobbying to Lower Taxes on Hybrid Cars

Toyota Motor of Japan is pressuring the Indian government to drop taxes on hybrid cars by as much as 20%, arguing that because they are less harmful t

Toyota Motor of Japan is pressuring the Indian government to drop taxes on hybrid cars by as much as 20%, arguing that because they are less harmful to the environment than gasolinepowered vehicles, they should be treated more kindly. In India, the tax on hybrid cars is now 43%, whereas the tax on electric cars EVs is only 5%. Toyota contends that considering their lower emissions and superior fuel economy, hybrid vehicles should not only receive a 5% tax benefit over gasolinepowered vehicles. The carmaker recommends a 37% tax rate for hybrid vehicles, which may result in a 14% reduction. Toyota also demands incentives for hybrid cars, as Indias existing regulations only allow for electric vehicles. Read More..

B2B Tech News | 2 years ago          

Foxconns Stock Takes a Hit Amidst Chinese Investigation Turmoil

Only months before Taiwans elections, Taiwans Foxconn, a significant Apple supplier, witnessed a 3% decline in shares due to rumours of tax audits and

Only months before Taiwans elections, Taiwans Foxconn, a significant Apple supplier, witnessed a 3% decline in shares due to rumours of tax audits and land use inquiries in China. According to Chinas statebacked Global Times, key Foxconn companies were the subject of tax audits, and the natural resources department in multiple regions was looking into their land use. No Chinese government agency made an official announcement about these investigations. Foxconn emphasised its dedication to following the law and working with the appropriate authorities. These events occur in tandem with Taiwans impending elections, in which Terry Gou, the founder of Foxconn, is contesting as an independent. Read More..

B2B Tech News | 2 years ago          

Alert!!! Cisco ZeroDay Vulnerability Threatens Network Security

Cisco has released a warning regarding a zeroday vulnerability in IOS XE that was recently found and is being used by an unidentified threat actor. Th

Cisco has released a warning regarding a zeroday vulnerability in IOS XE that was recently found and is being used by an unidentified threat actor. The web UI features privilege escalation problem is connected to this vulnerability. After gaining access using CVE202320198 CVE number is the vulnerability number associated with publicly disclosed information security issues, the attacker uses CVE202320273 to elevate privileges and insert malicious code. Users are recommended to turn off the HTTP server feature in the interim. There have been reports of over 36,000 hacked Cisco equipment. Attackers may be able to take over compromised systems through these vulnerabilities, enabling them to monitor network traffic, obtain remote access, and more. Read More..

B2B Tech News | 2 years ago          

Russian Ecommerce Giant Ozon Bids Farewell to Nasdaq

After nearly three years of cooperation with the American exchange, Russian ecommerce company Ozon has decided to delist its American depositary share

After nearly three years of cooperation with the American exchange, Russian ecommerce company Ozon has decided to delist its American depositary shares ADSs. It has notified Nasdaq of its decision. Ozon, a leading participant in the Russian ecommerce market, raised over $1 billion in its initial public offering IPO in late 2020, sparking a brief IPO frenzy among Russian enterprises. However, after Russia entered Ukraine in February 2022, trading Ozons securities on Nasdaq was suspended. Ozon is voluntarily delisting despite two unsuccessful appeals because there are no plans to resume trade on Nasdaq. The goal of this action is to lower compliance expenses. The delisting wont impact Ozons activities, and it recently started trading on the Astana International Exchange in Kazakhstan to increase liquidity, particularly for foreign investors. Read More..

B2B Tech News | 2 years ago          

Weibo CEO Wang Gaofei Puts an End to Online Anonymity

Wang Gaofei, the CEO of Weibo in China, has declared that a policy that will reduce anonymity for online commentators in the political and financial d

Wang Gaofei, the CEO of Weibo in China, has declared that a policy that will reduce anonymity for online commentators in the political and financial domains will soon be implemented. The decision was made during Chinas growing internet control and government surveillance. Still trying to figure out where these instructions originated, but prominent Weibo users have stated that users with one million or more followers may be impacted. Wang, who has 957,000 followers, is willingly testing the rules on his account first. He said people who have 500,000 or more followers may eventually be included. To get around the policy, users can remove followers. Chinas internet censorship body has started taking severe measures against prominent bloggers and independent media organisations. Read More..

B2B Tech News | 2 years ago          

Hackers Infiltrate Okta Support System, Tumbling the Shares by 12%

Following the disclosure of a security compromise in its customer assistance system on Friday, Oktas shares fell by 12%. Hackers could access files up

Following the disclosure of a security compromise in its customer assistance system on Friday, Oktas shares fell by 12%. Hackers could access files uploaded by particular clients thanks to the breach. According to Chief Security Officer David Bradbury, the compromise used credentials that had been stolen to gain access to Oktas support case management system. It was unclear which customers were impacted or what kind of data was exposed. Okta clarified that the operational service, which was not impacted, is not the same as the support system. The San Franciscobased company serves Microsoftbacked OpenAI and other clients by offering identity services, including multifactor authentication and single signon. Oktas stock ended the day down 11.6% at $75.57. Read More..

B2B Tech News | 2 years ago          

Cryptos See Gains Amidst Fed Chairs Comments

Bitcoin and other cryptocurrencies saw rises after US Federal Chair Jerome Powell declared that existing interest rates would be maintained. While Eth

Bitcoin and other cryptocurrencies saw rises after US Federal Chair Jerome Powell declared that existing interest rates would be maintained. While Ethereum increased by 2% but stayed below $1,600, Bitcoin saw a brief decline before rising by almost 3% to recapture the $29,000 mark. Altcoins gained as well. Meanwhile, a lawsuit alleging fraud surpassing $1 billion was filed in New York against Digital Currency Group, its subsidiary Genesis Global Capital, and cryptocurrency exchange Gemini. In a single day, the value of the global cryptocurrency market rose by 3% to $1.11 trillion despite a 7% increase in trading volumes. Read More..

B2B Tech News | 2 years ago          

Big Changes Coming to South Africa Amidst Bridgestones Retail ShakeUp

The biggest tyre company in the world, Bridgestone, is considering closing many of its retail locations in South Africa. Out of its 22 retail location

The biggest tyre company in the world, Bridgestone, is considering closing many of its retail locations in South Africa. Out of its 22 retail locations in South Africa, Eswatini, and Zambia, the Japanese multinational may close 14 of them 11 of these closures would affect South Africa and potentially affect 290 employees. The company attributed the possible closures to a challenging business environment, including falling tyre demand, lower import prices, power outages, and increased operating expenses. Bridgestone is also looking into merging its Supa Quick franchise with its commercial retail division to strengthen its competitive position. Despite the closures, Bridgestone underlined its dedication to supporting local manufacturing in South Africa. Read More..

B2B Tech News | 2 years ago          



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