Headline
Five Candidates Cleared For AfDB Presidency Race – Committee

The race to lead the African Development Bank (AfDB) has officially begun with the release of the list of candidates vying for the prestigious role of president.
AfDB, in a statement, said this was the outcome of a two-day meeting held at the bank’s headquarters in Abidjan, Côte d’Ivoire, by the Steering Committee of the Board of Governors.
The News Agency of Nigeria (NAN) reports that the candidates cleared to contest for the top position represent a diverse cross-section of Africa’s leadership and development expertise.
READ ALSO: AfDB President Adesina Bags Awolowo Prize For Leadership Award
“The Steering Committee, after examining the candidatures, cleared the following list of candidates for the office of the President of the AfDB during the next election to be held on May 29.
“They include Mr Hott Amadou from Senegal, Dr Maimbo Munzele of Zambia, Mr Tah Ould from Mauritania, Mr Tolli Mahamat of Chad, and Ms Tshabalala Swazi from South Africa,” it said.
Each candidate brings a unique background and vision to the table, setting the stage for what promises to be a competitive election that could shape the future trajectory of the continent’s premier development finance institution.
READ ALSO: AfDB, Partners Inject $1bn To Fund Nigeria’s SAPZs
The upcoming election will determine who succeeds the current president, Dr Akinwumi Adesina, who has led the bank since 2015, steering it through significant reforms and challenging global economic conditions.
The election results will have far-reaching implications for Africa’s development agenda, particularly in areas like infrastructure, economic growth, and climate resilience.
(NAN)
Headline
Antitrust Trial: US Asks Court To Break Up Google’s Ad Business
Google faces a fresh federal court test on Monday as US government lawyers ask a judge to order the breakup of the search engine giant’s ad technology business.
The lawsuit is Google’s second such test this year, following a similar government demand to split up its empire that was shot down by a judge earlier this month.
Monday’s case focuses specifically on Google’s ad tech “stack” — the tools that website publishers use to sell ads and that advertisers use to buy them.
In a landmark decision earlier this year, Federal Judge Leonie Brinkema agreed with the US Department of Justice (DOJ) that Google maintained an illegal grip on this market.
READ ALSO:Google Fined $36m In Australia Over Anticompetitive Search Deals
Monday’s trial is set to determine what penalties and changes Google must implement to undo its monopoly.
According to filings, the US government will argue that Google should spin off its ad publisher and exchange operations. The DOJ will also ask that after the divestitures are complete, Google be banned from operating an ad exchange for 10 years.
Google will argue that the divestiture demands go far beyond the court’s findings, are technically unfeasible, and would be harmful to the market and smaller businesses.
“We’ve said from the start that DOJ’s case misunderstands how digital advertising works and ignores how the landscape has dramatically evolved, with increasing competition and new entrants,” said Lee-Anne Mulholland, Google’s Vice President of Regulatory Affairs.
READ ALSO:Google Introduces Initiative To Equip 1,000 Nigerian Developers
In a similar case in Europe, the European Commission, the EU’s antitrust enforcer, earlier this month fined Google 2.95 billion euros ($3.47 billion) over its control of the ad tech market.
Brussels ordered behavioral changes, drawing criticism that it was going easy on Google as it had previously indicated that a divestiture may be necessary.
This remedy phase of the US trial follows a first trial that found Google operated an illegal monopoly. It is expected to last about a week, with the court set to meet again for closing arguments a few weeks later.
The trial begins in the same month that a separate judge rejected a government demand that Google divest its Chrome browser, in an opinion that was largely seen as a victory for the tech giant.
That was part of a different case, also brought by the US Department of Justice, in which the tech giant was found responsible for operating an illegal monopoly, this time in the online search space.
READ ALSO:Iran Hackers Target Harris And Trump Campaigns – Google
Instead of a major breakup of its business, Google was required to share data with rivals as part of its remedies.
The US government had pushed for Chrome’s divestment, arguing the browser serves as a crucial gateway to the internet that brings in a third of all Google web searches.
Shares in Google-parent Alphabet have skyrocketed by more than 20 percent since that decision.
Judge Brinkema has said in pre-trial hearings that she will closely examine the outcome of the search trial when assessing her path forward in her own case.
These cases are part of a broader bipartisan government campaign against the world’s largest technology companies. The US currently has five pending antitrust cases against such companies.
AFP
Headline
Google Faces Court Battle Over Breakup Of Ad Tech Business
Google faces a fresh federal court test on Monday as US government lawyers ask a judge to order the breakup of the search engine giant’s ad technology business.
The lawsuit is Google’s second such test this year after the California-based tech juggernaut saw a similar government demand to split up its empire shot down by a judge earlier this month.
Monday’s case focuses specifically on Google’s ad tech “stack” — the tools that website publishers use to sell ads and that advertisers use to buy them.
In a landmark decision earlier this year, Federal Judge Leonie Brinkema agreed with the US Department of Justice (DOJ) that Google maintained an illegal grip on this market.
Monday’s trial is set to determine what penalties and changes Google must implement to undo its monopoly.
According to filings, the US government will argue that Google should spin off its ad publisher and exchange operations. The DOJ will also ask that after the divestitures are complete, Google be banned from operating an ad exchange for 10 years.
READ ALSO:Google Fined $36m In Australia Over Anticompetitive Search Deals
Google will argue that the divestiture demands go far beyond the court’s findings, are technically unfeasible, and would be harmful to the market and smaller businesses.
“We’ve said from the start that DOJ’s case misunderstands how digital advertising works and ignores how the landscape has dramatically evolved, with increasing competition and new entrants,” said Lee-Anne Mulholland, Google’s Vice President of Regulatory Affairs.
In a similar case in Europe, the European Commission, the EU’s antitrust enforcer, earlier this month fined Google 2.95 billion euros ($3.47 billion) over its control of the ad tech market.
Brussels ordered behavioral changes, drawing criticism that it was going easy on Google as it had previously indicated that a divestiture may be necessary.
This remedy phase of the US trial follows a first trial that found Google operated an illegal monopoly. It is expected to last about a week, with the court set to meet again for closing arguments a few weeks later.
READ ALSO:Perplexity AI Makes $34.5bn Surprise Bid For Google’s Chrome Browser
The trial begins in the same month that a separate judge rejected a government demand that Google divest its Chrome browser, in an opinion that was largely seen as a victory for the tech giant.
That was part of a different case, also brought by the US Department of Justice, in which the tech giant was found responsible for operating an illegal monopoly, this time in the online search space.
Instead of a major breakup of its business, Google was required to share data with rivals as part of its remedies.
The US government had pushed for Chrome’s divestment, arguing the browser serves as a crucial gateway to the internet that brings in a third of all Google web searches.
Shares in Google-parent Alphabet have skyrocketed by more than 20 percent since that decision.
Judge Brinkema has said in pre-trial hearings that she will closely examine the outcome of the search trial when assessing her path forward in her own case.
These cases are part of a broader bipartisan government campaign against the world’s largest technology companies. The US currently has five pending antitrust cases against such companies.
Headline
Peru Anti-government Protesters Clash With Police
Hundreds of anti-government protesters clashed with police in the Peruvian capital Lima on Saturday, throwing stones and sticks as officers fired tear gas on the demonstrators, AFP journalists reported.
The protest, organized by a youth collective called “Generation Z”, is part of growing social unrest in Peru against organized crime, corruption in public office, and a recent pension reform.
“Today, there is less democracy than before. It’s getting worse… because of fear, because of extortion,” said 54-year-old protester Gladys, who declined to give her last name.
Around 500 people gathered in the city center, under heavy police presence.
READ ALSO:FULL TEXT: US Govt Releases Text Messages Between Charlie Kirk’s Suspect, Roommate
“Congress has no credibility, it doesn’t even have the approval of the people… It is wreaking havoc in this country,” said protester Celene Amasifuen.
The clashes broke out as demonstrators tried to approach executive and congressional buildings in Lima.
The radio station Exitosa said that its reporter and a cameraman were hit by pellets, commonly fired by law enforcement.
READ ALSO:‘Over 7,000 Nigerians Sought Asylum In Sweden In 24 Years’
Police said at least three officers were wounded.
Approval ratings for President Dina Boluarte, whose term ends next year, have plummeted amid rising extortion and organized crime cases.
Several opinion polls show the government and conservative-majority Congress are seen by many as corrupt institutions.
This week, the legislature passed a law requiring young adults to join a private pension fund, despite many facing a precarious working environment.
AFP
-
Metro5 days ago
JUST IN: 6 More Deaths Confirmed In Afriland Towers Fire
-
News5 days ago
Court Restrains EDSIEC, Edo Govt From Conducting LG By-elections
-
Politics5 days ago
PHOTO: Rivers Residents Throng Govt House To Welcome Fubara
-
Politics5 days ago
JUST IN: Rivers Assembly Resumes Sitting After Six-month Suspension
-
News3 days ago
FULL LIST: FJSC Releases Names Of 62 Candidates Shortlisted For Judicial Positions
-
Politics4 days ago
BREAKING: 24hrs After, Fubara Finally Arrives Port Harcourt
-
Entertainment4 days ago
How Obi Surprised Me Early Morning with ‘Ghana-must-go’ Bag — Charly Boy
-
News5 days ago
Police Disown Viral Recruitment Notice, Warn Against Fraud
-
Metro5 days ago
Fake Madman Arrested For Cultivating Cannabis Farm In Anambra
-
News5 days ago
Okpebholo Warns Companies Against Fuelling Edo–Delta Boundary Dispute