Telecoms firms lose bid to rein in US tech giants

Telecoms firms lose bid to rein in US tech giants

Google, Meta Platforms, Netflix, Microsoft and Amazon will not face heavy-handed regulations in Europe’s digital rule overhaul despite calls from telecommunications companies, people with direct knowledge of the matter said on Thursday. A slew of new tech rules adopted in recent years by the European Commission sparked criticism from the US, which says it targets…

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Novus to appeal after being told to hike Mustek bid

Novus to appeal after being told to hike Mustek bid

Mustek’s head office in Midrand, Johannesburg The plan by Novus Holdings to acquire technology group Mustek has run into more difficulty, with the Takeover Regulation Panel ruling it must increase its offer to Mustek shareholders in a move that could cost it tens of millions of rand more than anticipated. The Takeover Regulation Panel has…

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X moves to block bid to revive Twitter brand

X moves to block bid to revive Twitter brand

Elon Musk. Dado Ruvic/Reuters Elon Musk’s X sued a start-up on Tuesday after it sought to cancel X’s Twitter trademarks so it can “bring Twitter back” as a new social media platform. X said in the lawsuit in Delaware federal court that its Twitter brand is still “alive and well” and “not ripe for the…

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Africa: Museveni Endorses Visa-Free Africa Bid, Boosting Continental Tourism Campaign

Africa: Museveni Endorses Visa-Free Africa Bid, Boosting Continental Tourism Campaign

Momentum toward a borderless African travel experience has accelerated after the Trans-Africa Tourism & Unity Campaign secured major backing from President Museveni during a high-level engagement at the Mayuge State Lodge. A delegation from Ghana, which is spearheading the continental campaign, met with the President alongside representatives from the Ghana Consulate in Uganda, the Ministry…

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Lesaka’s R1.1bn bid for Bank Zero gets green light

Lesaka’s R1.1bn bid for Bank Zero gets green light

Based on a zero-fee banking model, Bank Zero launched to the public in August 2021. The Competition Commission has recommended that the Competition Tribunal approves the proposed transaction whereby Lesaka intends to acquire Bank Zero, without conditions. This, after fintech group Lesaka Technologies in June announced it will acquire 100% of the issued ordinary shares…

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