U.S.-based private equity firm TPG announced on Thursday that it has acquired a 7.5 percent stake in Airtel Africa’s mobile money business for a sum of $200 million, the telco said in a statement. Airtel Africa, the African arm of India’s Bharti Airtel, is also currently holding further negotiations with other companies to sell off […]
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Chinese authorities summoned 11 companies including Alibaba and Tencent for talks regarding the security of voice software, as Beijing steps up scrutiny over the internet sector. The internet watchdog the Cyberspace Administration of China said Thursday that the talks were about security assessments of technology used in voice-based social media and deepfake technology that can […]
The actions of Canadian and American authorities during the arrest of a senior executive for Chinese communications giant Huawei Technologies “spanned the spectrum from negligence to casual indifference” of her rights, defense lawyers told an extradition hearing Wednesday. Canada arrested Meng Wanzhou, the daughter of Huawei’s founder and the company’s chief financial officer, at Vancouver’s […]
Russian authorities said Tuesday they would block Twitter in a month if it doesn’t take steps to remove banned content, a move that escalates the Russian government’s drawn-out standoff with social media platforms that have played a major role in amplifying dissent in Russia. Russia’s state communications watchdog, Roskomnadzor, last week announced it was slowing […]
We are excited to announce that the European Union co-funded UNDP – CEDRO 5 project, is taking an additional step to support Lebanon’s Clean Energy Transition, by joining forces with Nucleus Ventures in their upcoming program, the Energy Innovation Hub. The programme offers startups and SMEs access to funding to elevate ideas off the ground, […]
Wireless network maker Nokia says it is planning to cut up to 10,000 jobs, or over 10% of its staff, to reduce costs as it invests in research and development and tries to cement its role as a key supplier of 5G technology. The restructuring means the number of staff is expected to fall to […]
Encrypted messaging app Signal appears to have been blocked in mainland China, the latest foreign social media service to cease working in a country where the government tightly controls the flow of information. As of Tuesday, users of the app within China had to connect to a virtual private network (VPN) that allows them to […]
News Corp and Facebook have reached pay deals for news in Australia three weeks after the government passed laws that would make digital giants help cover the costs of journalism. The New York-based news business that operates mainly in the United States, Britain and Australia said Tuesday it had reached a multi-year agreement with Facebook […]
At first, many schools announced it would last only a couple weeks. A year later, the unplanned experiment with distance learning continues for thousands of students who have yet to set foot back in classrooms. Comfortable homes and private tutors have made it easier for those with access. Expectations are higher at some schools than […]
Japanese e-commerce giant Rakuten sold on Monday 13 percent of its shares, worth $2.2 billion, to several new investors, as the company attempts to strengthen its balance sheet, while rolling out a more aggressive mobile strategy. The new investors into Rakuten are Japan Post – the country’s largest insurer and bank by deposit, as well […]