European Union lawmakers have given final approval to an online safety-focused overhaul of the bloc’s ecommerce rules — the first major update to the legal framework for digital services since the year 2000. The Council sign-off means the Digital Services Act (DSA) has cleared the last hoop — and been formally adopted. The European Parliament … Read more
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YouTube is placing its 4K videos behind a YouTube Premium subscription as part of an experiment. | Image: u/Ihatesmokealarms YouTube is running a test that places its 4K videos behind a YouTube Premium subscription. In recent weeks, some users have reported seeing playback of 2160p resolution video restricted with text labeling it as a premium … Read more
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For the average individual living in Lagos — Nigeria’s most populous city, with over 20 million people — apartment hunting is an extreme sport. Not only is rent expensive — low- to middle-income housing can cost between $1,000 and $5,000 yearly — but renters must also pay a year in advance, sometimes even two before … Read more
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Apple’s App Store suffered a 5% year-on-year dip in net revenue in September according to a note from Morgan Stanley analyst Erik Woodring. This is the biggest drop in App Store revenue since the financial services company started tracking its data. Woodring said gaming was the biggest reason for the decline as the sector plunged … Read more
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Last April, Egyptian and MENA-focused venture capital firm Algebra Ventures announced the launch of its $90 million second fund. It was the sequel to its first: a $54 million fund invested in 21 startups across Egypt and the Middle East. While Algebra Ventures predicted it would reach its first close in Q3 2021, the firm … Read more
Euler Motors, an Indian startup that designs and builds commercial electric vehicles, has raised $60 million in a new funding round as it works to ramp up its production capacity and broaden its offerings. Singapore’s sovereign fund GIC led the New Delhi-headquartered startup’s Series C funding. Blume Ventures, Athera Venture Partners, QRG, ADB Ventures and … Read more
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