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Britain Needs £1 Trillion Investment Over Decade to Boost Economic Growth, Taskforce Reports

As per the Capital Markets Industry Taskforce, a further £1 trillion $1.3 trillion in investment is required in Britain over the next ten years to su

As per the Capital Markets Industry Taskforce, a further £1 trillion $1.3 trillion in investment is required in Britain over the next ten years to support economic development. The UK has struggled to achieve a 2.5% annual growth rate since before the financial crisis of 2008. The yearly cost of £100 billion is primarily due to housing, energy, and venture capital. Nigel Wilson, the former CEO of Legal & General, proposes using the £6 trillion insurance and pensions market in the UK to provide this cash. Additionally, the research suggests tax breaks for individual investors. A different study also revealed that UK pensions should invest twice as much in domestic and unlisted stocks to keep up with international norms. Read More..

B2B Tech News | 1 years ago          

Indias SEBI to Introduce Stricter Derivatives Trading Rules to Curb Speculation

Stricter regulations on derivatives trading are about to be implemented by Indias Securities and Exchange Board SEBI to reduce ordinary investors spec

Stricter regulations on derivatives trading are about to be implemented by Indias Securities and Exchange Board SEBI to reduce ordinary investors speculative activity. The minimum trading amount will be virtually tripled, and options contract expirations will be limited to one per weekly exchange under the new restrictions. Responding to resistance from traders and brokers, SEBI intends to revisit previous recommendations, including raising margin requirements and tracking intraday positions. Concerns over the rapidly increasing number of derivative trades—which hit a recordbreaking ₹10,923 trillion $130.13 trillion in August—are behind the decision. After seeing a sharp increase in the percentage of individual investors in index options—from 2% to 41%—SEBI took action to safeguard small investors and maintain market stability. Later this month, the final rules should be announced. Read More..

B2B Tech News | 1 years ago          

ConnectOne Bancorp Announces $284 Million AllStock Acquisition of First of Long Island

Governor of the Reserve Bank of Australia RBA, Michele Bullock, stressed that the main worry should be sustained inflation and that it is premature to

Governor of the Reserve Bank of Australia RBA, Michele Bullock, stressed that the main worry should be sustained inflation and that it is premature to think about shortterm rate reductions. Bullock said that bringing inflation down to the 23% goal range is still the RBAs top aim in a speech in Sydney. Bullock remained hawkish in July despite the sluggish economic growth and a minor decrease in headline inflation to 3.5%. She emphasised that pressures on domestic inflation, especially in the housing and market services sectors, are still a factor in abovetarget inflation. Since last November, the RBA has maintained interest rates at 4.35% and will react suitably to economic shifts. Markets anticipate a 42% chance of a rate cut by November, but Bullock stressed that high inflation must be addressed to avoid more severe financial impacts. Read More..

B2B Tech News | 1 years ago          

Verizon to Acquire Frontier Communications for $20 Billion, Expanding Fiber Network Coverage

The $20 billion allcash acquisition of Frontier Communications, a supplier of fibreoptic internet, has been announced by Verizon. To better compete wi

The $20 billion allcash acquisition of Frontier Communications, a supplier of fibreoptic internet, has been announced by Verizon. To better compete with AT&T and TMobile, Verizon hopes to grow its user base through this move. In addition to the 37.3% premium over the closing price of the shares before the purchase reports became public, Verizon has offered $38.50 for each Frontier share. Verizon intends to restructure Frontiers $11.25 billion in debt. With the combination of Verizons 7.4 million and Frontiers 2.2 million fibre customers, Verizons fibre network will now include the Midwest, Texas, and California in addition to the Northeast and midAtlantic. The agreement would gradually expand Verizons fibre network coverage from less than 10% to around 13%, still lagging behind AT&Ts 15%, when it closes in about 18 months. Read More..

B2B Tech News | 1 years ago          

White House Convenes with Amazon, Google, Microsoft, and Cloudflare to Expand Bandwidth for Internet Censorship Evasion

To propose expanding digital bandwidth for governmentsponsored internet censorship evasion tools, the White House met on Thursday with representatives

To propose expanding digital bandwidth for governmentsponsored internet censorship evasion tools, the White House met on Thursday with representatives from civil society organisations and corporate behemoths Amazon, Google, Microsoft, and Cloudflare. Users in nations with severe internet restrictions, such as Russia, Iran, and Myanmar, are putting in a lot of demand for virtual private networks VPNs, according to the U.S.backed Open Technology Fund OTF. President of OTF Laura Cunningham emphasised the necessity for cheap or subsidised server bandwidth in light of the VPN industrys explosive expansion, which has doubled in recent years. OTF faces increasing expenses in hosting the growing network traffic, even with the financial boost from the U.S. State Department. Read More..

B2B Tech News | 1 years ago          

Mintlify Transforms Developer Documentation with AIPowered Tools, Gains Backing from Anthropic and Zapier

With a set of tools to make the development and upkeep of developer manuals, API references, and other materials more accessible and more automated, M

With a set of tools to make the development and upkeep of developer manuals, API references, and other materials more accessible and more automated, Mintlify—founded by Han Wang and Hahnbee Lee—is revolutionising software documentation. Inspired by industry leaders like Stripe and Twilio, Mintlify offers features including codebase autogeneration documentation, content scanning for obsolescence, and user engagementbased enhancement suggestions. Through the integration of chatbots provided by OpenAIs API, the platform uses AI to help with documentation. Anthropic and Zapier are two wellknown customers of Mintlify, despite several complaints regarding the accuracy of its automated features. Its total financing to date is $21.7 million. The firm just raised $18.5 million in Series A funding to grow its workforce and improve its products. Read More..

B2B Tech News | 1 years ago          

Cisco Patches Critical Command Injection Vulnerability in Identity Services Engine

A serious command injection flaw in Ciscos Identity Services Engine ISE has been fixed, preventing attackers from elevating their privileges to root o

A serious command injection flaw in Ciscos Identity Services Engine ISE has been fixed, preventing attackers from elevating their privileges to root on compromised systems. Malicious CLI commands can take advantage of this vulnerability brought about by inadequate validation of usersupplied information. However, attackers need Administrator rights to use this vulnerability properly on unpatched systems. Specific versions of ISE are vulnerable, and Cisco has published patches to fix the issue. Furthermore, Cisco eliminated a backdoor account that could have been used to get unauthorised administrative access from their Smart Licensing Utility software. The business has also addressed severe other software flaws that allow privilege escalation and denial of service. These flaws are in the Security Email Gateway and Integrated Management Controller appliances. Read More..

B2B Tech News | 1 years ago          

International AI Convention Signed by 57 Countries, Promoting Responsible Innovation

Signing by nations like the US, UK, and EU members will commence the process of the worlds first legally binding international convention on AI. Aimin

Signing by nations like the US, UK, and EU members will commence the process of the worlds first legally binding international convention on AI. Aiming to safeguard human rights impacted by AI systems and encourage responsible innovation, the AI Convention was ratified by 57 countries following extensive negotiations. The convention is crucial for guaranteeing that AI developments uphold human rights and the rule of law, according to Britains Justice Minister Shabana Mahmood. A human rights organisation made up of 47 nations, the Council of Europe draughted the pact independently of the EU AI Act. Notwithstanding, Francesca Fanucci, a legal expert, expressed scepticism over the treatys applicability due to its expansive principles and exclusions, which include provisions for business and national security. Read More..

B2B Tech News | 1 years ago          



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