MTN Nigeria’s access to banking platforms has been restored earlier this week following a dispute between the telco and most lenders across the country over commission percentages. Bloomberg had initially reported that the spat ignited when MTN cut the commission it pays to banks per airtime transaction from 4.5 percent to 2.5 percent. The move […]
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Swiss bank Credit Suisse said Monday it may have suffered a “highly significant” loss from a default by a U.S.-based hedge fund on margin calls that it and other banks made last week, while Japan’s Nomura said it could face a loss of $2 billion due to an event with a U.S. client. Credit Suisse […]
A new outside report found that Facebook has allowed groups — many tied to QAnon, boogaloo and militia movements — to glorify violence during the 2020 election and in the weeks leading up to the deadly riots on the U.S. Capitol in January. Avaaz, a nonprofit advocacy group that says it seeks to protect democracies […]
The cyberattack crested just as finance officials from across Latin America were descending on Washington to commemorate the 60th anniversary of the Inter-American Development Bank. On Sept. 24, 2019, requests from more than 15,000 internet addresses throughout China flooded the bank’s website, knocking part of it intermittently offline. To unclog the network, the bank took […]
Singapore-based OCBC Bank announced on Thursday that they have enabled facial biometric verification on several of their ATMs across the country, eliminating the need to carry ATM cards, which can be skimmed or stolen. According to the bank, the first transaction which can be performed using face verification on OCBC Bank ATMs is account balance […]
A U.S. federal judge rolled back on a Department of Defense ban on investments in Chinese budget smartphone maker Xiaomi, citing insufficient evidence that the company posed a national security threat. On Friday, U.S. District Judge Rudolph Contreras said that the court had found the Department of Defense (DoD) had “not made the case that […]
Twitter has filed a lawsuit against Texas Attorney General Ken Paxton, claiming the Republican used his office to retaliate against it for banning the account of former President Donald Trump following the riot at the U.S. Capitol. Days after the deadly January insurrection, Paxton announced an investigation into Twitter and four other major technology companies […]
Indian telcos across the board ended the two-day spectrum auction on Wednesday by committing a combined $10.6 billion to bolster their 4G spectrum across the country. The government-led auction saw operators purchase spectrum in several bands, the 700MHz spectrum, however, which can run 5G speeds, was left untouched due to its high reserve price. According […]
Social media giant Facebook announced Thursday it was banning all accounts linked to Myanmar’s military as well as ads from military-controlled companies in the wake of the army’s seizure of power on Feb. 1. It said in a statement that it was treating the post-coup situation in Myanmar as an “emergency,” explaining that the ban […]
Facebook announced Tuesday that it would lift a ban on Australians viewing and sharing news on its platform after it struck a deal with the government on proposed legislation that would make digital giants pay for journalism. The social media company caused alarm with its sudden decision last week to block news on its platform […]