Government - CybAI news

19 Aug

South Africa’s MTN Has First Loss in Eight Years on Naira Slump

stp2y0 CommentsRAG modelsafrica, Earnings, Government, MTN GROUP LTD, nigeria, Nigeria Naira Spot, South Africa, South Sudan, Technology, US Dollar Spot, Wireless

MTN Group Ltd., Africa’s biggest wireless carrier by revenue, posted its first loss since 2016 after the devaluation of the Nigerian naira crimped income from one of its key markets.The group reported a loss of 7.39 billion rand ($414.7 million) in the six months through June, compared with 4.14 billion rand profit a year earlier. The loss is MTN’s first since it had to pay a more than $1 billion fine imposed on the company by the Nigerian government. Source link lol

19 Aug

Kim Dotcom Vows to Continue Legal Fight Against Extradition

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Kim Dotcom, the internet entrepreneur facing extradition from New Zealand, vowed to continue his legal battle after the government confirmed he should face trial in the US.“I love New Zealand. I’m not leaving,” Dotcom posted on X after the news was reported late last week. He told his followers not to worry because he had a plan, without providing any details. Source link lol

17 Aug

Musk Vows to Close X’s Brazil Operations, Will Maintain Service

stp2y0 CommentsRAG modelsbrazil, Elon Reeve Musk, europe, free, Government, Latin America, politics, regulation, social media, supreme court, Technology, TWITTER INC

Elon Musk’s X is closing its operations in Brazil while keeping the service available in the country, according to posts Saturday from the social-media platform. The announcement marks the latest step in a showdown between the world’s richest man and Brazil’s Supreme Court Justice Alexandre de Moraes, who is spearheading efforts to combat fake news and hate speech in Latin America’s largest economy. Source link lol

17 Aug

Real Estate Agent Commissions Are Changing. Here’s How It’ll Work

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Real estate agents and US housing experts have had the date circled on their calendars for months: Aug. 17, when the terms of a class-action settlement over industry compensation practices will take effect.The changes laid out in the agreement are technical, revolving around paperwork consumers complete at the beginning of the buying or selling process, and they add new wrinkles to an already complicated undertaking. Agents currently command a 5% or 6% fee that gets divvied up between both sides, but the rules are poised to shift power away from them, and drive down commissions over time. Source link lol

17 Aug

Ericsson Reaches $1 Billion Deal to Sell US Firm to Koch Unit

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Swedish telecom-equipment maker Ericsson AB reached a $1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch Industries Inc.Ericsson expects to get about 10.6 billion kronor ($1 billion) in cash after taxes, transaction expenses and other liabilities as part of the takeover by Koch Equity Development, the company said in a statement late Friday. The deal is expected to close in the first half of 2025 and result in one-time earnings of about 8.8 billion kronor. Source link lol

16 Aug

Taiwan Turns Less Upbeat on Exports in Lowering Economic Outlook

stp2y0 CommentsRAG modelsartificial intelligence, Consumer Spending, Economic Growth, Exports, GDP, Government, jobs, taiwan, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Wealth

Taiwan revised down its estimate for economic growth in 2024 after three straight upgrades, projecting a smaller increase in exports but remaining optimistic about overseas demand for artificial intelligence-related products.Gross domestic product is set to expand 3.9% this year, down from a previous estimate of 3.94% by the statistics bureau in May, according to a statement on Friday. In the first projection of next year’s growth, it said GDP will grow 3.26%. Source link lol

16 Aug

Jack Ma-Backed Ant Weighs Buying Health-Care Platform Haodf

stp2y0 CommentsRAG modelsartificial intelligence, BEIJING HAODF ONLINE NETWORK, business, China Renminbi Spot, fintech, Government, Markets, regulation, startups, Technology, TENCENT HOLDINGS LTD, Wealth Management

Jack Ma-backed Ant Group Co. is in discussions to acquire Chinese online platform Haodf.com to beef up its artificial intelligence services in health care, according to people familiar with the matter.The fintech company is seeking to integrate its technology with a platform like Haodf that provides online consultations with doctors, the people said, requesting not to be named because the discussions are private. The deliberations are still preliminary and could be subject to change, the people said. Source link lol

16 Aug

Japan’s Foreign Trade Law Adds Chip Gear to Secure Supply Chains

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Japan has decided to apply foreign trade regulations to chipmaking equipment as part of its efforts to secure stable supply chains, the Ministry of Finance said on Friday. Foreign investors are now required to give prior notice when conducting direct investment in equipment tied to chipmaking, including acquiring a 1% or bigger stake in a listed company or buying shares in an unlisted company, the ministry said. Source link lol

15 Aug

Nvidia-Backed Cohesity Is Profitable, With 26% Revenue Growth

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Data security and management startup Cohesity is profitable and experienced revenue growth of 26% for its latest fiscal year, Chief Executive Officer Sanjay Poonen said in an interview on Bloomberg Television.Cohesity is backed by the SoftBank Vision Fund and Nvidia Corp. The company closed the fiscal year with $549 million in revenue, representing 26% growth from a year prior, Poonen said. It also turned free cash flow positive. Source link lol

15 Aug

Musk’s Support for Far-Right Voices Is Sowing Discord in Europe

stp2y0 CommentsRAG modelsALPHABET INC-CL A, android, business, california, Donald John Trump, Elon Reeve Musk, europe, Government, politics, Technology, TWITTER INC, United Kingdom

The former Twitter, now Elon Musk’s X, has long played a role in the political discourse of countries around the world. Recently, its boss has given it a distinctive right lean. But first... Source link lol