Google logos. Photo credit: LOIC VENANCE/AFP AFP via Getty Images South Africa’s Fourth Estate “is on its knees” as Google and Meta’s dominance has captured 97% of all digital advertising in the country, creating an “extinction crisis” for the media. This is the view of Ishmet Davidson, the chief executive officer of News24, South Africa’s largest digital news publisher, which is owned by internet firm Naspers. He was testifying at the country’s Competition Commission inquiry… Source link

(Bloomberg) — Investors dumped a record amount of cash into BlackRock’s Bitcoin ETF while the cryptocurrency surged to an all-time high. Most Read from Bloomberg The iShares Bitcoin ETF (ticker IBIT) pulled $788.3 million Tuesday, its 37th consecutive inflow. The fund has now swelled to $11.5 billion in assets. Bitcoin briefly topped $69,000 on Tuesday, surpassing the all-time high it hit in late 2021. Demand from the ETFs and a optimism surrounding an upcoming reduction in the token’s… Source link

Federal Reserve Chair Jerome Powell plans to tell House lawmakers Wednesday that interest rate cuts are likely “at some point” in 2024, but that the central bank will proceed cautiously as it evaluates whether inflation is cooling appropriately. “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year,” Powell said in a copy of his prepared remarks to the House Financial Services Committee. The group at the Fed… Source link

The Rose Bowl ended up being Nick Saban’s last game at Alabama. (Photo by Steve Limentani/ISI Photos/Getty Images) Nick Saban was not thrilled with the way that his team reacted to losing the Rose Bowl. Alabama lost 27-20 to eventual national champion Michigan in the College Football Playoff on Jan. 1. The overtime loss came after Jalen Milroe’s fourth-down run was stopped at the line of scrimmage. Milroe took off toward the end zone after a low snap on what appeared to be a designed… Source link

leaking 2FA codes online picture alliance via Getty Images Security experts advise against using SMS messages for two-factor authentication codes due to their vulnerability to interception or compromise. Recently, a security researcher discovered an unsecured database on the internet containing millions of such codes, which could be easily accessed by anyone. 03/06 updates below. This article was originally published on March 4. The Sensitive SMS Database Was Left Unprotected Online The… Source link

By Samuel Indyk and Brigid Riley LONDON (Reuters) -The U.S. dollar was a touch softer on Wednesday, as traders kept their powder dry ahead of the first leg of congressional testimony from Federal Reserve Chair Jerome Powell and the European Central Bank’s policy announcement on Thursday. Meanwhile, bitcoin was picking up a head of steam again, although it stayed below the record high reached the day before. The absence of major catalysts kept the dollar under pressure, having slipped on Tuesday… Source link

Harvard University Information Technology will begin enforcing a default storage limit of 25 gigabytes on Google accounts starting this spring, according to a statement released by Faculty of Arts and Sciences administrators last week. The change comes following Google’s recent announcement that it will stop offering unlimited free storage for higher education accounts. Later this month, HUIT will begin working with FAS Google account holders who have exceeded the 25 GB limit. While the… Source link

Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. Google and Walmart Inc. are rapidly gaining customers from India’s Paytm, the fintech pioneer struggling to navigate central bank restrictions and the potential shutdown of a key payments affiliate. Source link

MOSCOW (Reuters) – A subcommittee of the Russian government commission for control over foreign investments has approved a number of deals for a group of Russian investors to buy 96.3% of Yandex NV’s Russian business, Russian newspaper Vedomosti reported on Wednesday citing sources. Yandex NV had struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed “Russia’s Google” to a group of Russian investors last month, marking the biggest corporate exit from the country since… Source link

MOSCOW (Reuters) – A subcommittee of the Russian government commission for control over foreign investments has approved a number of deals for a group of Russian investors to buy 96.3% of Yandex NV’s Russian business, Russian newspaper Vedomosti reported on Wednesday citing sources. Yandex NV had struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed “Russia’s Google” to a group of Russian investors last month, marking the biggest corporate exit from the country since… Source link