Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

HEADLINES

GMs $200 Million Third Quarter Blow from UAW Strikes

General Motors GM has secured a fresh $6 billion line of credit in anticipation of potential strikes by the United Auto Workers UAW union, which have

General Motors GM has secured a fresh $6 billion line of credit in anticipation of potential strikes by the United Auto Workers UAW union, which have already cost the automaker $200 million in the third quarter. This expense resulted from lost production due to targeted strikes initiated by the UAW, beginning with a strike at GMs Missouri plant in September and subsequently expanding to other facilities, including a Michigan crossover plant. The strikes have also led to the idling of GMs Fairfax Assembly Plant in Kansas, affecting around 2,000 employees. GMs CEO, Mary Barra, and Ford CEO, Jim Farley, have criticized UAW President Shawn Fain and the unions strike approach, alleging a lack of genuine interest in reaching agreements for 146,000 workers across GM, Ford, and Stellantis. Read More..

B2B Tech News | 2 years ago          

Central Bank of Sri Lanka Slashes Rates as IMF Bailout Stalls

Amid a financial crisis in Sri Lanka, the countrys central bank has made a significant move by lowering interest rates by 100 basis points. This decis

Amid a financial crisis in Sri Lanka, the countrys central bank has made a significant move by lowering interest rates by 100 basis points. This decision comes as the government faces challenges in meeting loan conditions, causing a delay in receiving the second portion of a $2.9 billion fouryear bailout from the International Monetary Fund IMF. The Central Bank of Sri Lanka CBSL reduced the benchmark lending rate to 11 percent due to a substantial drop in yearonyear inflation, which plummeted to 1.3 percent from a staggering 70 percent the previous year. The governments inability to meet revenue targets and the absence of a finalized debt restructuring plan have contributed to the delay in IMF funds. The CBSL had previously raised interest rates significantly in response to the economic crisis, with lending rates peaking at 16.5 percent in March before gradually decreasing. Read More..

B2B Tech News | 2 years ago          

HCLTechs Collaboration with Business Finland Aims to Drive Tech Breakthroughs

HCL Technologies, an Indian IT company, has entered into an agreement with Business Finland, the agency responsible for promoting trade and investment

HCL Technologies, an Indian IT company, has entered into an agreement with Business Finland, the agency responsible for promoting trade and investment in the Nordic region. The collaboration will focus on generative artificial intelligence AI, space, and quantum technologies. Finnish businesses will gain access to HCLTechs innovation network, eSTiPTM, which encompasses over 1,500 startups, 14 venture capitalists, 16 trade commissions, and five academic institutions globally. This partnership strengthens HCLTechs presence in the Nordic region, where it has been operating for about 15 years. It will facilitate early access to emerging technologies in Finland, allowing both parties to build a robust business ecosystem and foster innovation to support business growth. Read More..

B2B Tech News | 2 years ago          

Doosan Robotics IPO Shines as Shares Soar Over 100% in Debut

Shares of South Koreas Doosan Robotics, known for robots capable of making coffee and pouring beer, experienced a remarkable debut in the Seoul market

Shares of South Koreas Doosan Robotics, known for robots capable of making coffee and pouring beer, experienced a remarkable debut in the Seoul market, more than doubling from their initial public offering IPO price. The IPO, which raised 421.2 billion won $317 million, marked South Koreas largest this year, with shares priced at 26,000 won each, at the upper end of the investorindicated range. Doosan Robotics shares opened at 59,100 won, surging by 127% from the IPO price, reaching as high as 67,600 won during early trading before closing at 51,400 won. The broader market ended slightly down at 0.1%. Read More..

B2B Tech News | 2 years ago          

Google Plans to Supercharge Virtual Assistant with Generative AI

Alphabets subsidiary, Google, has unveiled plans to integrate generative AI capabilities from its Bard chatbot into its virtual assistant during a h

Alphabets subsidiary, Google, has unveiled plans to integrate generative AI capabilities from its Bard chatbot into its virtual assistant during a hardware event in New York. This move seeks to enhance Googles virtual assistant with personalized support and logical reasoning abilities on mobile devices. The incorporation of generative AI will empower the assistant to assist users with tasks such as travel planning and email management, and it can also pose relevant followup questions. While tech giants like Meta Platforms, Amazon.com, and Microsoft are actively adopting generative AI, Googles updated assistant will allow users to utilize their smartphones camera and microphone for input, though it wont include revenuegenerating features. The software is set to be released for Android and iOS, with availability in the trusted tester program coming soon. Read More..

B2B Tech News | 2 years ago          

TCS Partners with Asda for Digital Transformation and Enhanced Customer Experience

Tata Consultancy Services TCS has announced a strategic partnership with the British retail giant Asda to facilitate its digital transformation and im

Tata Consultancy Services TCS has announced a strategic partnership with the British retail giant Asda to facilitate its digital transformation and implement a novel IT framework. In this collaboration, TCS will leverage its expertise in cloud computing, artificial intelligence, and security solutions to aid Asda, formerly owned by Walmart, in executing a secure and timely divestiture. The objective is to enhance Asdas customer experience and innovation capabilities. TCS plans to establish a new digital infrastructure by deploying various cloudbased platforms to optimize Asdas operations, including supply chain forecasting, purchasing, HR management, warehouse operations, and ecommerce processes. The implementation of TCSs machinefirst delivery model will automate Asdas IT operations, enhancing efficiency and resilience for both employees and customers, ultimately delivering a seamless experience. Read More..

B2B Tech News | 2 years ago          

Apple Pioneers Automated Customer Support on Twitter

Apple has made a significant change in its customer support approach on Platform X formerly Twitter as of October 1. Previously known for providing pe

Apple has made a significant change in its customer support approach on Platform X formerly Twitter as of October 1. Previously known for providing personalized human support, Apple Support on Platform X will now primarily offer automated responses, guiding customers to the Apple website and the Apple Support app for assistance. This shift marks a departure from Apples longstanding practice of delivering individualized support through social media. The account will still share useful content like tips, tricks, and videos from the Apple Support YouTube channel but will cease to provide human responses. Additionally, Apple has eliminated paid social media support advisor roles across various platforms, signaling a broader shift away from human support on social media. Read More..

B2B Tech News | 2 years ago          

Four Taiwanese Firms Under Scrutiny for Huawei Links

The Taiwanese government is looking into four businesses allegedly doing business with Huaweiaffiliated enterprises in China under American sanctions.

The Taiwanese government is looking into four businesses allegedly doing business with Huaweiaffiliated enterprises in China under American sanctions. The investigation will examine whether their actions are consistent with the initial investment approvals, and any infractions might result in fines of up to T$25 million $775,300. Topco Scientific, L&K Engineering, United Integrated Services, and CicaHuntek Chemical Technology Taiwan are among the businesses that deny wrongdoing. They allegedly worked on infrastructure projects for Huaweiaffiliated chip factories. Taiwan aims to enact stronger regulations over "key technologies" following international standards. Although Taiwanese technology companies are active in China, it is illegal to produce sensitive technology there because of security issues and Chinas territorial claims to Taiwan. Read More..

B2B Tech News | 2 years ago          



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   15457   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   12930   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   13304   

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.
   13050   

5.  Approximately 8 billion gadgets connect on the internet every day.
   16140   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.