Senate summons Minister of Power Babatunde Fashola over alleged N35million embezzlement

The Senate has commenced an investigation into the alleged plan by the Ministry of Power, Works and Housing to secure the release of $350m domiciled with the Nigerian Sovereign Investment Authority to finance electricity projects. The lawmakers specifically criticised the ministry for allegedly spending $35m out of the money on power projects without approval by… Read More Senate summons Minister of Power Babatunde Fashola over alleged N35million embezzlement

Britain Home Secretary Amber Rudd urges social media companies to develop artificial intelligence systems to spot and block militant content

​ Britain’s top internal security official is pressing social media companies to devise automatic systems to spot and block violent militant messaging before it is posted on their networks. Amber Rudd, home secretary in the conservative British government led by Prime Minister Theresa May, told an audience at New America, a Washington think tank, on… Read More Britain Home Secretary Amber Rudd urges social media companies to develop artificial intelligence systems to spot and block militant content

Google supports tightened U.S. rules on political advertising

​ Alphabet Inc’s Google unit told U.S. election regulators in a letter on Thursday that it strongly supports tightening rules on online political advertising as part of efforts to curtail foreign abuse and influence in elections. Federal lawmakers have criticized Google, Facebook Inc. and Twitter Inc. for not doing enough to identify and block Russian… Read More Google supports tightened U.S. rules on political advertising

China removes foreign ownership restrictions on financial firms

​ The Chinese government on Friday said it will raise foreign ownership limits in domestic financial firms, a long-anticipated step that grants greater access to overseas investors into the Asian giant’s financial services market. The move, announced by vice finance minister Zhu Guangyao, comes a day after U.S. President Donald Trump reiterated calls for better… Read More China removes foreign ownership restrictions on financial firms