Technology

Uganda to Cede 60% in State-Owned Telecom Operator UTel to Rowad
09 Aug

Uganda to Cede 60% in State-Owned Telecom Operator UTel to Rowad

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Uganda expects Rowad Capital Commercial LLC to invest an initial $225 million in its state-run telecommunications operator and take up a majority stake once ongoing talks are concluded.Dubai-based RCC will acquire 60% shareholding in Uganda Telecommunication Corp., or UTel, according to Aminah Zawedde, permanent secretary in the information communication technology ministry. She didn’t comment on whether the investment includes a purchase price for the stake. Source link lol
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Millions Meant for a National ID System Instead Benefited Congo’s Elites
09 Aug

Millions Meant for a National ID System Instead Benefited Congo’s Elites

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In Congo’s second city of Lubumbashi, a blue glass-and-steel shopping mall towers over the dust-blown skyline, dwarfing the surrounding colonial-era architecture. In 2018, then President Joseph Kabila was guest of honor at the development's opening ceremony, using a pair of golden scissors to cut a ribbon printed in Congo’s national colors of yellow, red and blue.Six years later, the $25 million Hypnose complex stands as a monument to the corruption that has long dogged the vast central African nation. It illustrates how money intended to develop a national ID system was leveraged to serve a small number of elite with…
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Turkey’s Instagram Ban Hits Women Entrepreneurs as Orders Dry Up
09 Aug

Turkey’s Instagram Ban Hits Women Entrepreneurs as Orders Dry Up

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Turkey’s decision to block access to Instagram has hit female entrepreneurs who rely on the popular social media application to sell everything from cookies to bed sheets.“We’ve been using Instagram to showcase our products and reach out to a wider client base,” said Ezgi Akincilar, founder of online retailer Antalya’dan Iste, which sells food products from honey and jam to canned artichokes. Source link lol
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Microsoft Says Iranian Hackers Targeted US Political Campaigns
09 Aug

Microsoft Says Iranian Hackers Targeted US Political Campaigns

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A hacking group linked to the Iranian government tried to breach the email accounts of presidential campaign staffers as part of a wider effort to gather intelligence ahead of the US election, Microsoft Corp. said Friday.Attackers connected to the Islamic Revolutionary Guard Corps in June used a compromised email address from a former political adviser to try phishing another high-ranking presidential campaign official, according to findings from Microsoft’s Threat Analysis Center. That group, which Microsoft calls Mint Sandstorm, also unsuccessfully attempted to log in to the account of a former presidential candidate. The report didn’t identify the individual targets by…
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How a Traditional Toymaker Is Going Big on Digital Games
09 Aug

How a Traditional Toymaker Is Going Big on Digital Games

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Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletterHasbro has been making toys for decades, including many classic favorites like G.I. Joe and My Little Pony. But in recent years, it's also been going big on digital games. An app version of the classic board game Monopoly — called Monopoly GO! — has become one of the top mobile games of all time and grossed billions in revenue since it launched last year. Hasbro also owns Wizards of the Coast, the publisher of Magic: The Gathering, Dungeons & Dragons, and the best-selling video game…
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ClearBank Wins License Allowing Fintech to Expand Across Europe
09 Aug

ClearBank Wins License Allowing Fintech to Expand Across Europe

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ClearBank Ltd. said it received a banking license allowing the fintech to offer real-time clearing and settlement services to clients across Europe, marking the UK company’s first step toward global expansion. The European Central Bank authorized the permit, under the supervision of De Nederlandsche Bank, ClearBank said in a statement Friday. The license allows the financial-technology firm to offer European clients with euro accounts, foreign-exchange services, embedded banking and access to major European payment rails, and funds will be protected by the central bank’s deposit-guarantee rules. Source link lol
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TSMC Sales Grow 45% in July on Strong AI Chip Demand
09 Aug

TSMC Sales Grow 45% in July on Strong AI Chip Demand

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Taiwan Semiconductor Manufacturing Co.’s revenue rose 45% in July, an early indication of strong demand for AI chips even as a global tech selloff underlined growing doubts about the technology’s potential.Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations. Source link lol
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Samsung Recalls Million-Plus Electric Stoves After Fire Reports
09 Aug

Samsung Recalls Million-Plus Electric Stoves After Fire Reports

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Samsung Electronics Co. is recalling more than 1.1 million electric stoves sold in the US since 2013, following reports of 250 fires that damaged property, killed pets and injured about 40 people.South Korea’s largest company is offering free locks and covers to buyers of more than a dozen stove models, which help ensure their front-mounted range knobs stay in the “off” position, according to a notice posted on the US Consumer Product Safety Commission’s website. Samsung sold the stoves through retailers from Best Buy to Costco nationwide for between $1,250 and $3,050, the notice read. Source link lol
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With US Chips Act Money Mostly Divvied Up, the Real Test Begins
09 Aug

With US Chips Act Money Mostly Divvied Up, the Real Test Begins

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The Biden administration is nearly finished divvying up $39 billion in grants under the Chips and Science Act, the landmark bipartisan legislation aimed at revitalizing the domestic semiconductor industry. The bigger test still lies ahead.The Chips Act, enacted two years ago Friday, is the nation’s most audacious foray into industrial policy since World War II. It’s essentially a bet that four companies — Intel Corp., Micron Technology Inc., Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. — can bring sophisticated chip production back to the US. In a sign of the ambition, one explicit goal is making a fifth of…
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