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Samsung chief cleared of fraud in 2015 merger case
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Samsung chief cleared of fraud in 2015 merger case

A South Korean court on Monday upheld the acquittal of Samsung Electronics Executive Chairman Jay Y. Lee in a high-profile case involving allegations of accounting fraud and stock manipulation related to the controversial 2015 merger of Samsung affiliates Cheil Industries and Samsung C&T. The Seoul High Court dismissed the prosecution’s appeal, reaffirming a lower court’s […]

FCMB raises ₦147.5bn in oversubscribed public offer
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FCMB raises ₦147.5bn in oversubscribed public offer

First City Monument Bank Group has announced that it successfully raised ₦147.5 billion through its latest public offer, which was oversubscribed by 33%, reflecting strong investor confidence. The capital infusion will enable its Nigerian banking subsidiary, FCMB Ltd., to bolster its capital base to over ₦240 billion, surpassing the regulatory requirement for national banks. At […]

The Beatles wins Grammy for AI-assisted track "Now and Then"
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The Beatles wins Grammy for AI-assisted track “Now and Then”

The Beatles made history at the Grammy Awards on Sunday night as their AI-assisted track “Now and Then” won the award for Best Rock Performance, marking the first time a song utilizing artificial intelligence has received the honor. Contrary to speculation, Paul McCartney did not use AI to generate a simulated John Lennon voice. Instead, […]

Ontario cancels $100m Starlink contract in US-Canada tariff war
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Ontario cancels $100m Starlink contract in US-Canada tariff war

Ontario Premier Doug Ford announced Monday that the provincial government is terminating its $100 million contract with Elon Musk’s Starlink satellite internet service, citing economic tensions following new U.S. tariffs on Canadian goods. Ford’s decision follows President Donald Trump’s recent imposition of a 25% tariff on nearly all Canadian imports. In response, Canada has introduced […]

China launches antitrust probe into Apple’s App Store fees
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Native porn app launches on Apple devices

A native pornography app for iOS has debuted in the European Union through the alternative app store AltStore PAL, enabled by the Digital Markets Act. AltStore announced the launch of Hot Tub on Monday, an adult content aggregator that allows iOS users to search and stream videos from websites such as Pornhub, Xvideos, XNXX, and […]

How FG can boost Nigeria's digital growth - Analyst
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Telecom operators eye service improvement in three months

Telecommunications operators in Nigeria have stated that they are working to improve service quality ahead of the three-month deadline set by the Nigerian Communications Commission. During a forum of telecom CEOs and the media discussing the recently approved 50% tariff increase, MTN Nigeria’s Chief Corporate Services and Sustainability Officer, Mr. Tobe Okigbo, confirmed that operators […]

OpenAI mulls $500bn valuation in employee share sale talks
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OpenAI files trademark application, hints at future tech expansion

Artificial intelligence startup OpenAI submitted a new trademark application for its brand name to the U.S. Patent and Trademark Office, hinting at a range of potential product lines, spanning hardware, robotics, and advanced computing. Among the products listed in the filing are AI-powered hardware, including headphones, smartwatches, smart jewelry, augmented and virtual reality headsets, laptop […]

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Dangote: Petrol price won’t drop instantly, PETROAN tells Nigerians

The Petroleum Products Retail Outlets Owners Association of Nigeria has indicated that the expected reduction in pump prices due to the recent ex-depot price cut by Dangote Refinery may not be immediately reflected at retail stations across the country. The National President of PETROAN, Billy Gillis-Harry, acknowledged the reduction in ex-depot prices by Dangote but […]

EU to hold Temu, Amazon liable for dangerous goods
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EU to hold Temu, Amazon liable for dangerous goods

The European Union is set to introduce new regulations that would make e-commerce platforms such as Temu, Shein, and Amazon Marketplace accountable for illegal or unsafe products sold online, according to a report by the Financial Times. The proposed customs reforms will require online platforms to submit data before goods arrive in the EU, allowing […]

DeepSeek returns to South Korean markets after privacy review
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German startup embraces DeepSeek AI amid cost war

The CEO of German startup Novo AI, Hemanth Mandapati, was among the first to adopt DeepSeek’s chatbot technology, switching from OpenAI’s ChatGPT just two weeks ago. “If you have built your application using OpenAI, you can easily migrate to other platforms… it took us minutes to switch,” Mandapati said at the GoWest conference for venture […]

OpenAI employees consider selling $6bn stock
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OpenAI launches ‘Deep Research’ AI tool for complex online analysis

OpenAI, a leading force in generative artificial intelligence, launched a new AI tool on Sunday called “Deep Research,” designed to conduct multi-step investigations on the internet for complex tasks. Powered by an optimized version of OpenAI’s upcoming o3 model, Deep Research enhances web browsing and data analysis capabilities. Users provide a prompt, and OpenAI’s chatbot, […]

Bitcoin demand hits two-year high Argentina amid local currency crash
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Bitcoin falls below $100,000 as Trump’s tariffs shake markets

Cryptocurrency prices dropped on Monday, with Bitcoin hitting a three-week low and Ether falling to its lowest point since early September. The uncertainty surrounding a potential global trade war spooked investors, driving them away from risky assets. Bitcoin, the largest and the most popular cryptocurrency, fell to $94,476.18 early Monday in Asia, reaching a low […]