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Presidency Reacts As Qatar Allegedly Rejects Tinubu’s Visit, Business Talk

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The Presidency has said the Qatari government did not snub President Bola Tinubu.

The Presidency said the botched investment forum between the Nigerian and Qatari business communities is only one of several events lined up ahead of the President’s State Visit to the Gulf country on March 2 -3, 2023.

This was disclosed in a statement signed by Tinubu’s Special Adviser on Information and Strategy, Mr Bayo Onanuga on Saturday.

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It is not correct for anyone to insinuate that the Qatari authorities have snubbed the Nigerian leader over a business and investment forum which is tangential to the all-important State Visit and which President Tinubu is slated to attend as a guest,” Onanuga said.

Onanuga was responding to a leaked note verbale between the foreign ministries of both countries, which showed the Arab nation would be unable to hold a proposed forum intended to be held during Tinubu’s visit.

Qatar said its decision to decline the business and investment forum was due to the lack of a legally binding agreement with Nigeria to promote investment.

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More so, the letter explained that the Minister of Commerce and Industry, Sheikh Mohammed bin Hamad bin Qassim al-Thani, “will be carrying out official missions outside the country during the upcoming visit period,” which makes him unavailable for the forum.

But in a statement titled ‘President Bola Tinubu’s state visit to Qatar,’ the Presidency explained, “President Tinubu is expected to proceed to Qatar on the State Visit as scheduled and during the visit, the Nigerian leader will engage in high-level bilateral discussions with Qatari leader on many important matters, covering the full range of diplomatic and economic issues.”

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The Presidency said, “We are aware of a leaked diplomatic correspondence between the Embassy of the State of Qatar in Abuja and our Ministry of Foreign Affairs regarding President Bola Ahmed Tinubu’s state visit to Qatar between March 2 – 3, 2024.

“The leaked diplomatic paper by mischief makers about an investment forum is not in any way a snub on President Tinubu by the Qatari government.

It said the note verbale is about a private sector-led Business and Investment Forum to be held on the margins of President Tinubu’s State Visit. The event is being put together by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture and Qatar’s Chambers of Commerce and Industry, where business people from Nigeria will engage their counterparts from Qatar on commercial and investment opportunities available in both countries.

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“We note the strong bilateral relationship between our two countries and affirm that the State Visit by President Bola Tinubu to Qatar is at the invitation of the Emir of Qatar, Sheik Tamim Bin Hamad Al-Thani.

“The State Visit is particularly aimed at strengthening the bilateral economic cooperation between Nigeria and Qatar,” the Presidency insisted.

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NACCIMA and Qatar Chambers of Commerce and Industry, it said, were collaborating to take advantage of President Tinubu’s visit to Doha to mobilise the business community from our two countries to explore opportunities in key economic sectors such as oil & gas, manufacturing, agro-business, construction, real estate, ICT, Renewable Energy, Solid Minerals and service sector, among others.

It said the two leaders are committed to maintaining and building on the existing cordial and special relationship between Nigeria and the State of Qatar.

This is not the first time a leaked correspondence between Nigeria and Qatar would suggest a rejected visit of a Nigerian leader.

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In 2022, a similar correspondence showed that the Qatari government postponed a visit by former President Muhammadu Buhari slated for September 11 – 12 because “the proposed dates are not suitable.”

READ ALSO:Why Petroleum Tanker Drivers Called Off Strike — NARTO President

Although Buhari’s visit was at the invitation of the Emir of Qatar, Tamim bin Hamad Al Thani, the Qatari government raised concerns that the proposed dates were “too close” to the 2022 FIFA World Cup, which it later hosted from November 20 to December 18, 2022.

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Buhari embarked on the trip on March 5 – 9, 2023, where he attended the 5th United Nations Conference on Least Developed Countries. Tinubu’s trip to Qatar falls almost within the same time window as Buhari’s.

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Antitrust Trial: US Asks Court To Break Up Google’s Ad Business

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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AFP

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Google Faces Court Battle Over Breakup Of Ad Tech Business

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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.

Advertisement

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

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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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

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Peru Anti-government Protesters Clash With Police

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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.

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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.

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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’

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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.

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This week, the legislature passed a law requiring young adults to join a private pension fund, despite many facing a precarious working environment.

AFP

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