The U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve Chair Jerome Powell said Thursday. But he cautioned that not all will immediately benefit. “There are a number of factors that are coming together to support a brighter outlook for the U.S. economy,” Powell said […]
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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 […]
The CEOs of tech giants Facebook, Twitter and Google faced a grilling in Congress Thursday as lawmakers tried to draw them into acknowledging their companies’ roles in fueling the January insurrection at the U.S. Capitol and rising COVID-19 vaccine misinformation. In a hearing by the House Energy and Commerce Committee, lawmakers pounded Facebook CEO Mark […]
The developer of the conservative social network Parler is alleging he was defamed and improperly ousted by a prominent Republican Party benefactor, two men who replaced him at the company and a political commentator known for his support for former President Donald Trump. John Matze said in a lawsuit he was fired for trying to […]
The GSMA expressed last week a deep concern regarding Myanmar’s Internet blackout following Norwegian telecoms provider Telenor’s local operation confirmation of restrictions since March 15. The industry body issued an appeal to the Myanmar military – who forcefully took power following an election that saw Aung Suu Kyi’s National League for Democracy gain over 80 […]
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 […]
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 […]
Numerous companies and websites in France suffered outages and disruptions to services after a fire swept through a cloud computing provider’s facility. Disruption continued Thursday after OVH said the fire erupted early Wednesday in a room at one of its data centers in Strasbourg in eastern France. No one was injured in the blaze, which […]
Christie’s says it has auctioned off a digital collage by an artist named Beeple for nearly $70 million, in an unprecedented sale of a digital artwork that fetched more money than physical works by many better known artists. The piece, titled “Everydays: The First 5,000 Days,” sold for $69.4 million in an online auction, “positioning […]
Search engine giant Google and Rakuten-owned messaging app Viber announced on Wednesday that they are investigating ads published and ran by Myanmar military-backed telecoms operator Mytel following the February 1 junta coup, according to Reuters. The two tech companies acted following calls from activists to restrict access to the telco’s services following dozens of demonstrator […]