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Microsoft in talks to acquire TikTok

Microsoft is in talks to acquire TikTok, the immensely popular social media app known for its fun short-form videos, in a move that could prevent the Trump administration from banning it from the US, according to reports.
LG Electronics, South Korea’s second-largest appliance firm after Samsung, posted a second-quarter net profit slump of 38.1 per cent to 65.6 billion won Thursday, saying it had been “affected significantly” by the pandemic.

LG profit slumps 38.1%, as Samsung profit rises 7.3%

South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic’s impact on smartphone sales.
Samsung is considering dropping its Bixby virtual assistant and Galaxy Apps Store from its mobile devices as part of a new global revenue-sharing deal with Alphabet’s Google, according to correspondence seen by Reuters on Tuesday.

Samsung could ditch Bixby and Galaxy Store as part of Google deal

Samsung is considering dropping its Bixby virtual assistant and Galaxy Apps Store from its mobile devices as part of a new global revenue-sharing deal with Alphabet’s Google, according to correspondence seen by Reuters on Tuesday.
Google and Samsung are in discussions for a deal that would give the US tech giant’s services more prominence on Samsung phones at the expense of those from the Korean manufacturer, according to a report by Bloomberg.

Google ‘negotiating’ with Samsung to push Assistant over Bixby

Google and Samsung are in discussions for a deal that would give the US tech giant’s services more prominence on Samsung phones at the expense of those from the Korean manufacturer, according to a report by Bloomberg. The deal would reportedly involve promoting the Google Assistant and the Play Store over Samsung’s own alternatives.
Liverpool’s Premier League clash with Chelsea last night was not shown in China amid growing tensions with the UK.

Liverpool vs Chelsea not aired in China due to growing tensions with UK

Liverpool’s Premier League clash with Chelsea last night was not shown in China amid growing tensions with the UK.

Ngozi Okonjo-Iweala: We tackled corruption, saved billions of dollars during my tenure as minister

Ngozi Okonjo-Iweala, a global finance expert and Nigerian-nominated candidate for the position of the World Trade Organisation (WTO) Director-General, has said during her tenure as the finance minister of Nigeria, “we saved billions of dollars that were channeled to other priorities”.
Uber has confirmed that it’s buying on-demand delivery company Postmates in an all-stock deal valued at $2.65 billion.

Uber confirms $2.7 billion Postmates acquisition

Uber has confirmed that it’s buying on-demand delivery company Postmates in an all-stock deal valued at $2.65 billion. The announcement comes after a week of speculation which culminated in Bloomberg reporting earlier today that the deal was done, though neither company has responded to the claims until now.
China’s Huawei has had to battle suspicions and worries about the security of its networking equipment for many years, which most recently culminated in it being placed on a US blacklist by the Trump administration.

US sanctions make Huawei more of a security risk – UK report

The report “is likely to force Boris Johnson to abandon the company entirely,” according to The Telegraph. A source told Bloomberg that the British prime minister is preparing to phase out Huawei as soon as this year, although the exact timetable is reportedly yet to be confirmed.
(FILES) A file photo taken on November 20, 2017 shows logos of US multinational technology company Google displayed on computers' screens. Google is dropping out of the bidding for a huge Pentagon cloud computing contract that could be worth up to $10 billion, saying the deal would be inconsistent with its principles. The decision by Google, confirmed to AFP in an email October 9, 2018, leaves a handful of other tech giants including Amazon in the running for the Joint Enterprise Defense Infrastructure (JEDI) contract aimed at modernizing the military's computing systems. / AFP PHOTO / LOIC VENANCE

Google faces tough rules in India’s e-commerce draft

India’s latest e-commerce policy draft includes steps that could help local startups and impose government oversight on how companies handle data.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

Oil prices gain with OPEC+ holding the line on supply cuts

Oil prices rose more than one per cent on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet commitments on cutting supply and two major oil traders said demand was recovering well.
Workers are seen on a production line manufacturing masks at a factory in Shanghai, China January 31, 2020. REUTERS-Aly Song

China’s industrial output continues slow recovery from virus hit

China's factory output rose again in May, while official data Monday also showed retail sales improved further after collapsing at the start of the year but officials warned the country faced a rocky recovery as it emerges from the coronavirus crisis.

US rejects AfDB’s findings, demands fresh probe of Akinwumi Adesina

The United States has demanded a fresh probe of the president of African Development Bank, Akinwumi Adesina, over allegations leveled against him.
Dubai-based mega carrier, Emirates Airlines, has stopped flight operations to Murtala Muhammed International Airport, Lagos until the airport’s Instrument Landing System (ILS) is fixed.

Emirates plans to cut about 30,000 jobs amid virus outbreak

Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number of employees by about 30 per cent from more than 105,000.
The development comes amid growing outrage in France after Sanofi CEO Paul Hudson indicated to news agency Bloomberg that the U.S would get priority access to any novel coronavirus vaccine the firm may develop.

French president summons Sanofi boss over coronavirus vaccine comment

The chief executive of French pharmaceutical giant Sanofi will report to the Elysee Palace on Tuesday for a meeting with President Emmanuel Macron, the president’s office said on Friday.
“The vaccine against COVID-19 will be made available to the public at large, regardless of nationality,” the company’s director general Paul Hudson said, according to a tweet from Sanofi France on Wednesday evening.

Official: Sanofi to make coronavirus vaccine available to all

French pharmaceutical giant Sanofi plans to make any vaccine it develops against the novel coronavirus available to all.
James Damore conforms to the stereotype.

Former Google engineer asks court to dismiss lawsuit

Former Google engineer James Damore, who sued Google in 2018 for allegedly discriminating against conservative white men, has asked a court to dismiss the suit, Bloomberg
France is integrating new AI tools into security cameras in the Paris metro system to check whether passengers are wearing face masks.

France using artificial intelligence to check whether people are wearing masks on public transport

France is integrating new AI tools into security cameras in the Paris metro system to check whether passengers are wearing face masks.

US: Fresh $319 million Abacha loot in Britain, France

Barely a week after helping to repatriate $311m (N118bn) stolen by the late Head of State, Gen. Sani Abacha, the United States says there is a separate $319m (N121bn) Abacha loot in the United Kingdom and France.

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The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA fixes petrol ex-depot price for N138.62

The Petroleum Products Pricing Regulatory Agency (PPPRA) kept the petrol dealers guessing on Tuesday when it approved an ex-depot price of N138.62 per litre for the Premium Motor Spirit (PMS) petrol and kept the pump price to its chest.
Senate Minority Leader, Hon. Ndudi Elumelu from Delta State. on Monday in a motion canvassed for adherence and respect to the concept of separation of powers as enshrined in the laws of Nigeria.

Rep Elumelu: Opposition lawmakers leading anti-corruption investigations

The Minority Leader of the House of Representatives, Rep. Ndudi Elumelu (PDP-Delta), says opposition lawmakers in the house have been at the center of unearthing and exposing acts of corruption in the country.
Gov. Bello Matawalle of Zamfara has lifted the ban on congregational prayers in Mosques and Churches placed to curtail the spread of the coronavirus in the state.

Zamfara schools to resume August 9

The Zamfara State Government has directed secondary schools in the state to reopen from August 9, to enable exiting students sit for Secondary School Certificate Examination (SSCE).
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Trading sustains positive trend, up by 0.31 per cent

Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.

NUC: 32 universities involved in research to tackle impacts of coronavirus

The Executive Secretary, National Universities Commission (NUC), Prof. Abubakar Rasheed, says 32 federal, state and private universities across all geopolitical zones are involved in different stages of research toward tackling direct and collateral impacts of COVID-19.