EU tells Meta to end addictive Instagram, Facebook features
Meta needs to end addictive features on Instagram and Facebook or face potential fines and sanctions from the European Union. The EU's executive body, the European Commission found that the addictive features of the social networks, such as autoplay and infinite scroll, are violating the EU's Digital Services Act and the requirement for large online platforms to assess the risks to physical and mental well-being of their products. Meta will have a chance to respond to the preliminary charges before the EU d
EU tells Meta to end addictive Instagram, Facebook features
Meta needs to end addictive features on Instagram and Facebook or face potential fines and sanctions from the European Union. The EU's executive body, the European Commission found that the addictive features of the social networks, such as autoplay and infinite scroll, are violating the EU's Digital Services Act and the requirement for large online platforms to assess the risks to physical and mental well-being of their products. Meta will have a chance to respond to the preliminary charges before the EU d
E& sells Vodafone stake to Xavier Niel in USD 6 bln deal
UAE-based E& Group announced it's exiting its investment in Vodafone Group following a strategic review of its international portfolio. E& signed a binding agreement to sell its entire 16.21 percent equity stake to Vega, an acquisition vehicle owned by Xavier Niel's family group, for around GBP 4.44 billion (USD 5.96 billion). This makes Niel the largest shareholder in Vodafone, after already buying a stake in the operator in 2022.
E& sells Vodafone stake to Xavier Niel in USD 6 bln deal
UAE-based E& Group announced it's exiting its investment in Vodafone Group following a strategic review of its international portfolio. E& signed a binding agreement to sell its entire 16.21 percent equity stake to Vega, an acquisition vehicle owned by Xavier Niel's family group, for around GBP 4.44 billion (USD 5.96 billion). This makes Niel the largest shareholder in Vodafone, after already buying a stake in the operator in 2022.
SK Hynix raises USD 26.5 billion in record foreign US listing
South Korean chip giant SK Hynix has raised USD 26.5 billion through the pricing of its American depositary receipt (ADR) offering at USD 149 per ADR ahead of its Nasdaq debut under the ticker SKHY. The offering is the largest US equity listing by a foreign company, surpassing Alibaba's USD 25 billion initial public offering in 2014, and ranks among the largest equity offerings globally. The ADRs were priced slightly above their equivalent value based on the company's Seoul-listed shares, with each ADR repr
SK Hynix raises USD 26.5 billion in record foreign US listing
Latvian govt in talks with over 20 potential investors in LMT and Tet
The Latvian government is holding advanced negotiations with 23 potential investors over participation in the planned acquisition of LMT and Tet shares from Swedish telecom operator Telia, Minister of Economics Viktors Valainis. Speaking after an extraordinary Cabinet meeting, Valainis said the identities of the investors cannot yet be disclosed but noted that strong international interest would allow the government to choose the partner whose offer and long-term vision best serve Latvia's interests.
Latvian govt in talks with over 20 potential investors in LMT and Tet
Volt plans Dutch AI Cloud launch for October
The data centre company Volt plans to launch its Dutch AI Cloud in October, providing AI computing power on infrastructure hosted entirely in the Netherlands. The platform is based at its new Volt AI Factory in Amsterdam and is the first step towards a "gigafactory" under development for launch in 2027 in Rotterdam. Partners on the project include Dell Technologies, NorthC Datacenters and the family office of Han de Groot, who started the initiative.
Volt plans Dutch AI Cloud launch for October
Freedom Internet loses directors Peelen and Welboren
Randal Peelen has stepped down as managing director at the Dutch ISP Freedom Internet. In addition, commercial and operational director Twan Welboren has left the company, Tweakers reports. It's not yet known who will take over management of the provider.
Freedom Internet loses directors Peelen and Welboren
Cohere teams up with Humain to deliver sovereign AI in Middle East
Saudi AI company Humain and Cohere announced a collaboration to provide dedicated infrastructure for the next generation of frontier AI models. The companies will also collaborate on developing enterprise AI and special-purpose sovereign AI models. Backed by diplomatic and economic alignment between Canada and Saudi Arabia, this collaboration represents a significant expansion of AI compute capacity, expected to go live by Q4 2027. The initiative combines Humain's growing AI infrastructure platform with Coh
Cohere teams up with Humain to deliver sovereign AI in Middle East
Infobip buys email delivery specialist SocketLabs
Global cloud communications firm Infobip announced the acquisition of US-based SocketLabs, a specialist in high-volume, multi-provider email infrastructure. This move strengthens its position in the email deliverability market. The integration of SocketLabs' technology will enhance Infobip's platform with advanced capabilities for managing, monitoring, and optimising enterprise-scale email delivery.
Infobip buys email delivery specialist SocketLabs
Orange Poland offers new OT security service to businesses
Orange Poland has implemented a new solution for enterprises focused on strengthening the security of their industrial infrastructure. The Remote Service Access (RSA) provides them with control over the remote work of suppliers and employees, protects the supply chain, and helps mitigate the risk of cyberattacks.
Orange Poland offers new OT security service to businesses
TF1 hails positive start to Netflix distribution deal
TF1, France's leading commercial broadcaster, said that the arrival of TF1+ content on the Netflix platform has exceeded expectations. In a statement, CEO Rodolphe Belmer indicated that the audience targeted within an eighteen-month period had already been reached less than three weeks after the start of the distribution partnership. This positive effect was evident in the first week following the launch on Netflix, when TF1+ content achieved a 16 percent increase in daily unique streamers.
TF1 hails positive start to Netflix distribution deal
Moov Africa Togo adds insurance and gift cards to mobile wallet
Moov Africa Togo has launched a new institutional campaign, Soyi Mavo (Forever in Ewe-Mina), to drive the expansion of its Moov Money app and deepen customer engagement, TogoFirst reported. Michel Lawson, the head of the Mobile Money division at Moov Africa Togo said that the priority leading up to the new campaign is continuous innovation, promising a rollout of successive new features. As part of this launch, Moov Africa Togo expanded its portfolio with three new services. Users can now pay insurance prem
