NIS 2 Compliance Deadline Approaches: What You Need To Know

NIS 2 Compliance Deadline Approaches: What You Need To Know

On Oct. 17, the Network and Information Security 2 Directive takes effect. This means that relevant entities in industries such as energy, transport, water, healthcare, and digital infrastructure that carry out activities within the E.U. must comply with the relevant legislation. NIS 2, which was approved by the European Parliament in November 2022, aims to…

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India’s Infosys, Wipro top Q2 revenue estimates as spending revives

India’s Infosys, Wipro top Q2 revenue estimates as spending revives

INDIAN software services providers Infosys and Wipro topped quarterly revenue estimates as their mainstay financial industry clients boosted spending. After over a year of curtailed spending due to economic uncertainty and high borrowing costs, global banks are reviving projects they had on ice, raising hopes for the US$254-billion Indian IT sector that gets about a…

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China woes drag down Pernod Ricard first quarter sales

China woes drag down Pernod Ricard first quarter sales

FRENCH spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first quarter sales, caused partly by weakness in China. Pernod, which owns Martell cognac, Mumm champagne and Absolut vodka, reported sales of 2.783 billion euros (S$4 billion) from July to…

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Swiss watch exports plunge as Chinese demand dries up

Swiss watch exports plunge as Chinese demand dries up

SWISS watch exports fell sharply in September as shipments to China dropped by half, putting more pressure on the European country’s struggling luxury sector. Exports of Swiss timepieces and watch movements declined by 12.4 per cent overall to about 1.9 billion Swiss francs (S$2.9 billion) in value, with China’s imports down 50 per cent, the…

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