regulation - CybAI news

13 Aug

UK Energy Regulator Signs Off on £3.4 Billion Electricity ‘Superhighway’

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UK energy regulator Ofgem gave the green light to a £3.4 billion ($4.4 billion) funding package to build a proposed electricity “superhighway” under the North Sea.The project entails laying a 500-kilometer (311-mile) cable between Scotland and northern England to power as many as 2 million homes, the watchdog said in a statement on Tuesday. It’s the first of 26 projects in Ofgem’s fast-track funding process for offshore wind power. Source link lol

12 Aug

Veon to Delist From Amsterdam Due to Volume and Costs, CEO Says

stp2y0 CommentsRAG modelsAmsterdam, environment, europe, Kaan Terzioglu, london, Moscow, regulation, russia, Technology, TP, US Dollar Spot

Telecommunications company Veon Ltd is delistingBloomberg Terminal from the Amsterdam stock exchange due to low liquidity for the stock in Europe and regulatory costs, according to its chief executive.The Nasdaq-listed firm announced its plan to delist from Euronext Amsterdam earlier this month. It hasn’t made a decision on whether it will shift its Amsterdam headquarters after the move, Kaan Terzioglu said in an interview. Source link lol

12 Aug

Vivendi’s Canal+ Increases Stake in Mauritian Pay-TV Company

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Vivendi SE’s Canal+ plans to double its stake in MC Vision to become the majority shareholder of the Mauritian-based digital Pay-TV company, as the French firm seeks to boost its presence on the continent.Canal+ will increase its stake to 75% from 37% for an undisclosed amount, pending regulatory approvals, according to a joint statement published in Le Dimanche/L’Hebdo newspaper. Source link lol

11 Aug

White Supremacists Turn UK Riots Into Online Recruiting Pitch

stp2y0 CommentsRAG modelsChris Ratcliffe, elections, Government, HOLIDAY INN EXPRESS, Immigration, JULY SARL/CAEN, london, regulation, social media, Technology, United Kingdom

White supremacist groups have seized on riots in the UK as a recruiting opportunity, using the Telegram messaging site to promote conspiracy theories and incite violence in their bid to lure new members.Hard-line organizations previously designated by the UK as domestic terrorists are calling for an overthrow of the British government with posts that say “the revolution has started.” Some extremist Telegram users have openly discussed how to capitalize on anti-immigrant sentiment in the UK to steer Britons to radicalized communities, according to findings from Logically, a UK-based firm that tracks online disinformation. Source link lol

10 Aug

Turkey to Lift Instagram Ban on Pledge to Work ‘Jointly’

stp2y0 CommentsRAG modelsGovernment, Ismail Haniyeh, israel, META PLATFORMS INC-CLASS A, Recep Tayyip Erdogan, regulation, social media, Technology, terror, turkey, war

Turkey will lift its ban on Instagram, saying the social media site has promised to meet government demands on censorship and content.Turkey’s internet regulator halted Instagram access on Aug. 2 without explaining why. It came after a senior aide to President Recep Tayyip Erdogan criticized the platform for what he described as “censorship” of posts related to the death of Ismail Haniyeh, political chief of the Palestinian militant group Hamas. Source link lol

10 Aug

Nike Suspends Online Sales In Turkey After Customs Tax Increase

stp2y0 CommentsRAG modelsCurrency, Employment, europe, NIKE INC -CL B, regulation, retail, shopping, Tax Rate, Taxes, Technology, turkey

Nike Inc. suspended online sales in Turkey via its website and mobile app, days after an increase in customs taxes levied by Turkey on online purchases from abroad. “We cannot guarantee our consumers that their orders will arrive smoothly and on time, so we are suspending online orders from Turkey for the time being,” the US sneaker giant said in a statement published on its official Turkish website. Source link lol

09 Aug

How a Video Game Developer Wound Up in Congress

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Jay Obernolte, owner of Farsight Studios, was elected to the House of Representatives in 2020 Source link lol

09 Aug

Google’s Rise Was Inevitable. So Was Its Antitrust Ruling

stp2y0 CommentsRAG modelsantitrust, google, plaintext, regulation, search

Larry Page and Sergey Brin never liked hanging with reporters. “Larry can be a very sensitive and good person, but he has major trust issues and few social graces,” a former Google PR person once told me. “Sergey has social graces but doesn’t trust people who he thinks don’t approach his level of intelligence.”Still, in the fall of 1999 their new communications person urged the Google cofounders to visit the East Coast for a modest press tour. Barely a year old, Google was still under the radar for most people, and few knew its compelling story: Page put the whole…

09 Aug

Cellnex Sells Unit For €803 Million, Signals Share Buyback

stp2y0 CommentsRAG modelsAustria, CELLNEX TELECOM SA, Credit Rating, Debt, EDF INVEST, infrastructure, Marco Emilio Angelo Patuano, Markets, Poland, regulation, Technology

Cellnex Telecom SA has agreed to sell its Austrian business to an investor consortium comprised of Vauban Infrastructure Partners, EDF Invest and MEAG for an enterprise value of €803 million ($877 million), as the Spanish tower operator works to cut debt and exit smaller markets.The deal includes an unconditional deferred payment of €272 million in December 2028 and is subject to customary regulatory approvals, Cellnex said in a statementBloomberg Terminal on Friday. Once the transaction closes, the company “will reassess its capital allocation priorities,” it said, in reference to a possible share buyback. Source link lol

09 Aug

WeRide Is Said to Seek Up to $400 Million in US IPO, Placement

stp2y0 CommentsRAG modelsAutonomous Vehicle, Beijing, business, china, hyperdrive, IPOs, Markets, regulation, RENAULT NISSAN MITSUBISHI AL, stocks, Technology, US Securities and Exchange Commission, venture capital, WERIDE INC

China’s WeRide Inc. is seeking as much as $400 million in a US initial public offering and concurrent private placement, people familiar with the matter said. The Guangzhou-based autonomous vehicle company, which was granted approval last year by the Chinese securities regulator for a US listing, is seeking about $100 million in the IPO and around $200 million to $300 million in the placement, the people said. Source link lol