Obama Blames GOP for Looming Highway Crisis

Nidhi
...ന് പ്രസിദ്ധീകരിച്ചത്: Jul 2, 2014
287 വ്യൂസ് (വീക്ഷണത്തിന്റെ എണ്ണം)

Obama seeks to pin blame for looming highway crisis on congressional Republicans (July 1)


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    South Braces for Looming Storm News Video

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    Declaration:
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    "There is a threat looming over our country & the constitution" - Sangeeta Shah from Mumbai.

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    Technology is critical for businesses to respond to the changes we are facing today. It’s clear that we are now living in a transformed environment. What can be done digitally should now be done digitally. At the same time customers are attracted by the cybercriminals by jeopardizing customers' security at risk with phishing emails, malware, and email spoofing activities.
    Computerized risks fuse PC contaminations, data breaks, Denial of Service (DoS) attacks and other attack vectors.

    Advanced risks moreover imply the opportunity of a powerful computerized attack that intends to get unapproved access, hurt, upset, or take an information development asset, PC association, authorized advancement or some other kind of sensitive data. Advanced threats can arise out of inside a relationship by trusted in customers or from removed zones by dark social affairs. This information was about #cyberthreats

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    Cyber threats looming on small, medium, and large businesses

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  • Recession looming: Tech giants freezing hiring

    The damage from the #COVID19pandemic, the Russian invasion of Ukraine has magnified the slowdown in the #globaleconomy, which is entering a long term of feeble growth and elevated inflation. Stocks have tumbled across Europe, as soaring inflation puts pressure on central bankers to raise interest rates even more aggressively. With the US dollar in demand, the pound has sunk below $1.18 for the first time since March 2020, early in the pandemic.

    As per Forbes, the Inflation stocks - which predominantly includes companies from the banking, insurance, consumer staples, oil and gas sectors - has declined by about 8% over the last month, marginally underperforming the broader S&P 500.

    Finance Minister #NirmalaSitharaman, including the US, said that global tech companies are in panic due to fear of an economic slowdown in developed countries. After putting brakes on job cuts and hiring by tech-social media companies like Microsoft, Google, Facebook (meta), Oracle, and Twitter, Apple has now joined the list of these companies.

    While the U.S. Federal Reserve took some time to respond to inflation, starting with a 0.25% rate hike in March 2022, it is getting more aggressive with its monetary policy tightening, after inflation numbers for May came in higher than expected. The central bank raised rates by 0.75% in June, its largest hike since 1994.

    Let's look into how the global tech companies are pulling back.

    Alphabet Inc. has decelerated their recruiting efforts. According to an internal memo, Chief Executive Officer Sundar Pichai told employees that- although the business added 10,000 Googlers in the second quarter- it will be slowing the pace of hiring for the rest of the year and prioritizing engineering and technical talent.

    Amazon.com Inc. said in April that it was overstaffed after ramping up during the pandemic and needed to cut back. "As the variant subsided in the second half of the quarter and emp

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  • Uncertainty looming over chip market

    Chips act as the brains of computers and are needed in just about every device with an ON-OFF switch. The mapping of the requirements and making it meet the production lifecycle of individual companies and a well calibrated global supply chain is not an easy job. Although chip shortages are abating, the global semiconductor market is entering a period of weakness, which will persist through 2023 when semiconductor revenue is projected to decline 2.5 percent.

    Pandemic laid out bare the chinks in the chip industry armour. It showed how far the world can be impacted by this industry. As the learning was being digested by countries, economies and regions, lots of policy and geo-strategic conditions, which were outside the control of the industry, had started impacting them in a big way.

    First the Russia – Ukraine War, then the US restrictions and the war clouds over Taiwan, in all the world has not been to recover from the pandemic before the multiple factors have again started to hit at its underbelly. The seamless demand-supply production and enmeshed supply chain, seems to have become a thing of the past.

    Few months ago, the chipmakers seemed to be on the top of the world. In July, the US passed a $52 billion subsidy package that included grants to build new chip factories. Betting on federal subsidies and growing need of their products US chipmakers such as Intel, Micron Technology, Texas instruments and GlobalFoundries pledged huge expansions in domestic manufacturing.

    But the question is how long would the current slowdown last? With regards to chips pertaining to automobiles, the availability is much better today. Going forward, Prices of smartphones and computers are likely to fall as chip supplies grow and the prices for those two types of memory chips are likely to plummet. Prices still remain high for many types of semiconductors, way above pre-pandemic pricing.

    It is being reported by the semiconductor companies t

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  • Trouble looming over Indian IT industry

    Accenture forecasted second-quarter revenue in the range of $15.20 billion to $15.75 billion, the median of which is below the analyst estimates, according to reports. The company, however, in its first quarter (following September-August financial year), has reported revenues of $15.7 billion, an increase of 5% in dollar terms and 15% in local currency over the same period last year, beating market estimates.

    The guidance given by the IT major is frequently viewed as a gauge for the Indian IT sector. Analysts believe the revenue growth momentum of Indian IT firms, if not in the immediate next quarter, would see a slowdown in the coming quarters as the global economic scenario evolves.

    Experts say, “The revenue growth momentum has already been moderated for Indian IT firms. Although the next quarter wouldn’t see much difference, depending on how the challenges emerge in the future, the momentum may take a hit in the following quarters.”

    At the same time, Research Analyst from Axis Securities said, “Accenture’s guidance indicates pressure from the macroeconomic conditions being faced. However, its results prove the resilience of the IT sector as demand remains stable.” Hence, the IT firms may be expected to perform at par in the next quarter but would see the growth momentum slow down if pressures mount.

    Having said that, the Indian IT firms still have a strong labour cost advantage when it comes to large-scale enterprise software. The locus of demand, however, is moving away from implementing technologies from SAP SE or Oracle Corp. at clients’ premises. Demand for cloud-based workflow automation.

    #Salesforce has become the latest technology company to lay off its employees and focus on profitability. The workforce strength of the Company had grown 36% over the last one year, in keeping with the surging demands of customers.

    While there is no exact number of employees that are out of the job, the US cloud-based

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