South Africa’s MTN announced on Thursday that it will not re-bid for an operating license in Ethiopia, and is arranging to exist the Syrian market, CEO Ralph Mupita was quoted as saying during a media briefing on the financial half year results. This official statement follows Ethiopia’s announcement earlier this month to re-open bidding for its second telecoms operator license in August, including the right to operate mobile financial services. However, […]
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China has allegedly terminated independent driving startup Pony.ai’s efforts to go public on New York Stock Exchange (NYSE) amidst Beijing’s endeavors to enforce regulations on numerous sectors in China’s tech industry, Reuters reported on Wednesday. The California-based company was expected to go public via a special-purpose acquisition with a blank-check company in the U.S. that would have […]
China on Thursday dismissed Canada’s protests of harsh sentences handed down by Chinese courts to Canadians whose cases are seen as linked to the arrest in Vancouver of a top executive at Chinese tech giant Huawei. The Foreign Ministry and the Chinese Embassy in Canada accused Ottawa of making unwarranted, groundless accusations that “grossly interfered […]
A top executive with global energy giant Iberdrola is promising more perks if local governments and others in New Mexico clear the way for a proposed multibillion-dollar utility merger that could affect the way power is produced and distributed in the state for years to come, Iberdrola’s chief development officer, Pedro Azagra Blázquez, was cross-examined […]
South Korean developer of Player Unknown’s Battlegrounds’ (PUBG), Krafton, initial public offering recorded a 20 percent drop on Tuesday following a crackdown due to a state-led media attack on the gaming industry. This is considered the biggest initial decline of a South Korean IPO after LG Philips LCD collapse in the same market 17 years ago. Krafton’s loss came after it reduced its IPO target by more than 10 percent last month following regulatory demands […]
Step aside Facebook, as TikTok just got crowned the most downloaded social media app in the world as of 2020, according to survey conducted by digital analytics company App Annie. Launched in 2016, The Chinese video-sharing platform has since overtaken Facebook, WhatsApp, Instagram, and Facebook Messenger, all of which make up Facebook’s ecosystem. This isn’t a milestone to overlook, as Facebook-owned apps have held the top spot since the survey began in […]
More than $600 million in cryptocurrency has been stolen from the protocol PolyNetwork, in a scheme that’s regarded as one of the largest thefts in the history of cryptocurrency. In a letter posted on Twitter, PolyNetwork, a decentralized platform that allows crypto coin holders to trade assets across a variety of blockchains, pleaded with hackers to return the haul on Tuesday. “Dear Hackers,” the […]
The Senate has passed a nearly $1 trillion bipartisan plan to rebuild roads and bridges, modernize public works systems and boost broadband internet, among other improvements to the nation’s infrastructure. The White House is projecting that the investments will add, on average, about 2 million jobs per year over the coming decade. Senate Democratic Leader […]
Tourists flock by the thousands to the coastal town of Mendocino for its Victorian homes and cliff trails, but visitors this summer are also finding public portable toilets and signs on picket fences pleading: “Severe drought. Please conserve water.” Hotels have closed their lobby bathrooms and residents have stopped watering their gardens in the foggy […]
A Canadian entrepreneur who was charged with spying after his government arrested an executive of Chinese tech giant Huawei faces a possible verdict Wednesday as Beijing steps up pressure on Canada ahead of a court ruling on whether to hand over the executive to face U.S. criminal charges. Michael Spavor and another Canadian were detained […]