Samsung Chairman Lee Dies Aged 78, Family Faces Battle Over Control

The controversial yet legendary business titan who marshaled Samsung's rise from a modest South korean company to a multinational conglomerate died on Sunday at the age of 78. Following the death of Lee Kun-hee, Samsung's group chairman, speculation continue to mount that tech giant could be shaken up. Samsung in a statement confirming his death called him a "true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse". "All of us at Samsung will cherish his memory and are grateful for the Journey we shared with him." the company said. Lee had been comatose since suffering a heart attack in 2014 but remained titular chairman of the company. Late Mr. Lee took over Samsung in 1987, and introduced radical measures which helped propel the company from a second-tier electronics manufacturer to an international tech giant and South Korea's biggest conglomerate.

PayPal To Offer Bitcoin Payments to Users

PayPal Holdings, Inc. announced that it would offer its users the opportunity to buy, sell and store cryptocurrencies from their PayPal accounts by early 2021.

The Chief Executive Officers (CEOs) of Facebook, Google, and Twitter have agreed to voluntarily testify at a virtual hearing before the United States Senate Commerce Committee set for October 28, 2020. The CEOs will be testifying on Section 230 of the Communications Decency Act, a law that protects tech companies from liability over contents and posts by users. Facebook and Twitter confirmed on Friday that their CEOs, Mark Zuckerberg and Jack Dorsey will appear before the Senate Committee, while a spokeswoman for the committee confirmed all three CEOs would appear, confirming Google's Sundar Pichai appearance.

Finnish multinational telecommunications, and consumer electronics company, Nokia has been awarded a $14.1 million contract by America's National Aeronautics and Space Administration (NASA) to build a 4G/LTE network on the moon, bringing the first cellular network on the moon and upgrading the communication system in outer space. The Nokia contract is one out of the $370 million awarded to companies like SpaceX by the United States' space program.

American online video sharing platform, YouTube has on Thursday announced a global $100 million 'Black Voices Funds' where Nigerian artists and creators can apply for grants. This was made known in a statement by Alex Okosi, Managing Director, Emerging Markets YouTube EMEA, saying the global fund would run for the next three years, supporting Black YouTubers. He said the fund was established to enable and encourage artists and creators to thrive on YouTube.

In a bid to develop the nation digitally, President Muhammadu Buhari has approved the transfer of the National Identity Management Commission (NIMC) to the Federal Ministry of Communications and Digital Economy. The Minister of Communication and Digital Economy, Dr. Isa Ali Pantami made this known in a statement signed by his spokesperson, Mrs. Uwa Suleiman, saying that the president's approval was based on the critical role of the NIMC in the actualization of the National Digital Economy Policy and Strategy for a Digital Nigeria (NDEPS) objectives.

More Articles ...