RegulatoryChanges

South African Minister Fights to Overturn Vodacom's $730 Million Deal Block

23 days ago

In a significant development for the telecommunications sector in South Africa, the Minister of Communications and Digital Technologies, Khumbudzo Ntshavheni, has lodged an appeal against a recent ruling that blocked a substantial $730 million transaction involving Vodacom Group Ltd. The deal, which was intended to reshape the landscape of mobile communication and digital services in South Africa, was initially thwarted by the Competition Tribunal, raising concerns about market competitiveness and service quality.

Charles Schwab Sets Its Sights on Spot Crypto Trading Amid Regulatory Developments

28 days ago

In a significant move that could reshape the investing landscape, Charles Schwab Corporation has expressed its interest in launching spot cryptocurrency trading. This announcement comes as the firm navigates the evolving landscape of regulatory frameworks surrounding cryptocurrency within the United States, a development that many investors and analysts have been keenly watching.

FCC Moves to Enhance National Security with New Subsea Cable Rules

29 days ago

The Federal Communications Commission (FCC) is poised to introduce new regulations aimed at reinforcing national security concerning subsea cable networks, which are integral to global communications. Scheduled for a vote during an open meeting on December 12, 2023, these proposed rules seek to enhance the government's oversight of these critical infrastructures that facilitate international data transmission.

Jack Ma's Ant Group Reports Stunning 193% Surge in Profit Amid Post-Crackdown Recovery

1 month ago

In a striking rebound from the regulatory clampdown that shook China's fintech industry, Ant Group, the financial technology giant founded by billionaire Jack Ma, has announced a remarkable 193% increase in its profit for the latest quarter. This sharp rise in earnings signals a significant recovery for the company after navigating through a challenging period marked by government scrutiny and strict regulatory measures.