Meta Bans TikTok Parent ByteDance From Advertising on Its Platforms

Meta Platforms has banned advertising from ByteDance, the Chinese parent company of TikTok, across Facebook, Instagram and its other platforms in seven countries, escalating the rivalry between the two social media giants. The ban took effect immediately in the United States, Canada, Egypt, Indonesia, Japan, Thailand and Vietnam. It also applies to third-party advertisers whose…

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Huawei and Qualcomm Sign Broad Multi-Year Patent Agreement

Huawei and Qualcomm have announced a broad, multi-year patent licensing agreement covering several of the technology industry’s most important fields. The agreement includes cross-licensing between the two companies and Qualcomm’s purchase of selected Huawei patents registered in the United States. According to Huawei’s announcement, the agreement covers technologies related to 5G, computing, artificial intelligence and…

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British Tribunal Revives Apple-Amazon Antitrust Lawsuit

Britain’s Competition Appeal Tribunal has allowed part of a renewed antitrust lawsuit against Apple and Amazon to move forward. The case concerns allegations that Apple and Amazon reached an agreement in 2018 that restricted which third-party sellers could offer Apple and Beats products on Amazon’s UK marketplace. The claimant argues that the agreement reduced competition…

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Billionaire Harold Hamm Gives $150 Million to Fight Diabetes

Harold Hamm Donates GH₵1.76 Billion to University of Oklahoma Health Research Billionaire oil businessman Harold Hamm has donated US$150 million to the University of Oklahoma to support healthcare education, medical research and efforts to fight diabetes. The gift is equivalent to approximately GH₵1.76 billion, using an exchange rate of about GH₵11.72 to US$1. Of the…

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