The U.S. Federal Trade Commission (FTC) refiled its antitrust lawsuit against Facebook on Thursday, demanding that the judge forces the tech giant to sell Instagram and WhatsApp. The new case comes after Judge James Boasberg of the U.S. District Court for the District of Columbia notified the FTC in June that the original lawsuit filed in December against Facebook, failed […]
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Etisalat, Emirate’s biggest telecom firm saw a 2.4 percent increase in its stock market after agreeing to acquire another stake in Maroc Telecom Group for $505 million. After obtaining the Abu Dhabi Fund for Development’s 8.7 percent stake in the holding firm Etisalat Investment North Africa (EINA), the deal boosted Etisalat Group’s ownership in Maroc […]
Network provider and joint venture between two telecoms UAE’s du and Bahrain’s Batelco, Arc Solutions, announced on Tuesday that it has expanded its network to Bahrain in the digital business platform Global Zone. Global Zone — that is considered the region’s hub for data movement — is a carrier-neutral digital business platform based in Bahrain’s highly secure Tier III data center. It offers terrestrial and underwater cable […]
If you’ve engaged with the internet at all back in 2010, then you’ve probably come across Nev Schulman’s online love story. The internet blew up with Schulman’s online relationship with a 19-year-old girl, in which romance blossomed between them for nine months. Unfortunately, the love story does not have a happy ending. After meeting in […]
Mastercard announced on Thursday its plans to halt the issuance of cards with a magnetic strip by 2033. The global financial firm will have strip-less debt and credit cards in Europe starting from 2024, and across the globe by 2033, Mastercard declared in a statement. The company claimed that it will be the first payments network to phase out the technology, which dates to the 1960s. “Magnetic strip is reaching its expiration date with […]
A Moscow court penalized on Tuesday Alphabet Inc’s Google with a sum of $142,877 for violating the state’s rules on prohibited content, amidst the latest clash between Big Tech companies and the Russian state. The Tagansky District Court fined search engine titan Google with five independent fines of approximately $190,000 for not deleting content banned […]
The Taliban’s content will remain banned on Facebook, the company confirmed to Sky News on Tuesday, as the group is considered a dangerous terrorist organization under the site’s policies. The Taliban seized power over Afghanistan nearly 20 years after the U.S. war with the country ended. However, the organization is listed under a Specially Designated […]
Multiple federal agencies that operated in Afghanistan and worked with Afghan citizens have been hastily purging their websites, removing articles and photos that could endanger the Afghan civilians who interacted with them and now fear retribution from the Taliban. The online scrubbing campaign appeared to begin late last week when it became clear that the […]
Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy has been permanently changed by the COVID pandemic and it is important that the central bank adapt to those changes. “We’re not simply going back to the economy that we had before the pandemic,” Powell said at a Fed virtual town hall for educators […]
Walmart is officially joining the cryptocurrency bandwagon. The popular American retailer posted on the company’s job listing a new position for a senior director to develop digital currency products, with the potential of including cryptocurrency payments. If you’re still warming up to the idea of cryptocurrency disrupting our traditional means of finance, then you might be moving on a slower pace as an increasing number of Fortune 500 companies are beginning to work with the digital currencies. Walmart’s move […]