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Google to pay millions to South African news outlets: Watchdog
TechXplore· 2025-11-13 15:30
Core Points - Google will pay over $40 million to support South African news media, addressing challenges faced in the digital age [1][3] - The funding package includes $4 million for national publishers and broadcasters, $2.6 million annually for AI innovation, and $2.2 million for community and small media outlets over three years [3] - The agreement follows a 16-month investigation by the Competition Commission, which found that Google searches favored international news over local outlets [2][4] Funding Details - The total funding amount agreed upon is 688 million rand, equivalent to approximately $40.4 million [3] - Specific allocations include $4 million for content on Google News and $2.6 million annually for AI innovation [3] - Community and small media outlets will receive $2.2 million over three years to aid in digital transformation [3] Regulatory Context - The Competition Commission had previously recommended that Google pay up to $27 million annually for five years due to anti-trust practices affecting local media [2] - Similar funding arrangements have been established in other countries like Taiwan, Canada, Australia, and the United States amid regulatory pressures [5] - Social media platform X, owned by Elon Musk, did not reach a settlement and is required to make monetization programs available to local publishers [6]
BTS Group AB (publ) Interim Report January - September 2025
Globenewswire· 2025-11-12 05:30
Core Insights - The company is focusing on a long-term business strengthening strategy, with operational improvements noted but a revenue decline expected in BTS North America for Q4 2025, alongside ongoing currency challenges [3][4] - Full year 2025 revenue and earnings are anticipated to be significantly lower than in 2024 [3] Financial Performance - For Q3 2025, net sales were MSEK 626, a decrease of 4.7% from MSEK 657 in Q3 2024, with a currency-adjusted growth of 3% [4][5] - EBITA for Q3 2025 decreased by 25% to MSEK 45, with an EBITA margin of 7.2%, down from 9.2% in Q3 2024 [4][5] - Profit after tax for Q3 2025 was MSEK 12, a significant drop from MSEK 190 in Q3 2024, with earnings per share at SEK 0.69 compared to SEK 9.78 in the previous year [4][5] Year-to-Date Performance - For the first nine months of 2025, net sales totaled MSEK 1,993, a slight decrease from MSEK 2,006 in the same period of 2024, with a currency-adjusted growth of 4% [4][5] - EBITA for the first nine months of 2025 was MSEK 188, down 18% from MSEK 229 in 2024, with an EBITA margin of 9.5% [4][5] - Profit after tax for the first nine months of 2025 was MSEK 77, down from MSEK 303 in 2024, with earnings per share at SEK 4.05 compared to SEK 15.64 in the previous year [4][5] Operational Metrics - The company reported a net debt of MSEK 62 as of September 2025, compared to net cash of MSEK 128 in the previous year [4] - The number of employees at the end of September 2025 was 1,162, consistent with the previous year [4]
X @Forbes
Forbes· 2025-11-10 06:30
Collin’s Dictionary just named it the Word of the Year, and researchers say this skill may just be the thing that redefines the next decade of AI innovation and development within the workplace. The latest AI trend that employers are looking for are vibe coders.Read more: https://t.co/GNpkQDs6R5 ...
X @Forbes
Forbes· 2025-11-10 05:30
Collin’s Dictionary just named it the Word of the Year, and researchers say this skill may just be the thing that redefines the next decade of AI innovation and development within the workplace.Find out what it is here. https://t.co/cKpXbEeOkX ...
X @Forbes
Forbes· 2025-11-07 05:45
Collin’s Dictionary just named it the Word of the Year, and researchers say this skill may just be the thing that redefines the next decade of AI innovation and development within the workplace. The latest AI trend that employers are looking for are vibe coders.Read more: https://t.co/GNpkQDs6R5 ...
Faraday Future Engages Global Entrepreneur, Investor and Government Relationship Architect, Shahryar Oveissi, as a Global Strategic Advisor
Globenewswire· 2025-11-06 23:05
Core Insights - Faraday Future has engaged Shahryar Oveissi as a global strategic advisor to enhance institutional investor engagement, government affairs, and Middle East expansion plans [1][6][8] Group 1: Strategic Engagement - Mr. Oveissi will lead FF's government affairs and strategic engagement in the Middle East, aiming to strengthen relationships with key public figures and institutional stakeholders [2][8] - He will coordinate strategic visits and engagement tours for government and industry stakeholders in the Middle East to foster collaboration [2][8] Group 2: Advisor Background - Shahryar Oveissi is a seasoned entrepreneur and private equity investor with over 25 years of global experience, focusing on sectors such as renewable energy, hospitality, and cryptocurrency/blockchain [5][8] - He has a proven track record in securing favorable policy outcomes and will play a crucial role in promoting the company's initiatives [4][8] Group 3: Company Developments - The engagement of Mr. Oveissi comes as Faraday Future prepares for the first deliveries of the FX Super One MPV in the Middle East, expected to begin in November, with U.S. deliveries targeted by year-end [8]
Alphabet Q3 Earnings Ahead: Analysts see upside from AI innovation
Seeking Alpha· 2025-10-28 15:17
Core Insights - Alphabet is expected to announce its third-quarter earnings on October 29th, after the market closes [1] - Analysts predict earnings per share (EPS) of $2.27 for the quarter [1] - Revenue is anticipated to grow by more than 13% compared to the previous year [1]
‘The world is changing': Amazon announces 14,000 layoffs ahead of the holidays, cites AI innovation
Fastcompany· 2025-10-28 12:01
Core Insights - The world's largest retailer is implementing significant job cuts ahead of the holiday season [1] Group 1 - The company is expected to reduce its workforce substantially, which may impact its operational capacity during a critical sales period [1] - This decision reflects broader trends in the retail industry, where companies are adjusting to changing consumer behaviors and economic pressures [1]
Roper Technologies announces third quarter financial results and new share repurchase program
Globenewswire· 2025-10-23 10:55
Core Insights - Roper Technologies reported strong financial performance for Q3 2025, with 14% revenue growth, 13% EBITDA growth, and 17% free cash flow growth, demonstrating the resilience of its business model [3][8] - The company is actively pursuing acquisitions to enhance shareholder value, deploying $1.3 billion towards Subsplash and other bolt-on acquisitions, while also focusing on AI innovation across its business segments [3][4] - Roper has adjusted its full-year 2025 DEPS guidance to a range of $19.90 - $19.95, reflecting underlying trends and dilution from recent acquisitions [4][5] Financial Performance - Revenue increased by 14% to $2.02 billion, with acquisition contributions accounting for 8% and organic revenue growth at 6% [8][11] - GAAP net earnings rose by 8% to $398 million, while adjusted net earnings increased by 12% to $557 million [8][12] - Adjusted EBITDA grew by 13% to $810 million, with operating cash flow increasing by 15% to $870 million and free cash flow rising by 17% to $842 million [8][15] Guidance and Future Outlook - For Q4 2025, the company expects adjusted DEPS of $5.11 - $5.16, which includes a $(0.05) impact from third-quarter acquisitions [5][16] - Roper anticipates total revenue growth of approximately 13% and organic revenue growth of about 6% for the full year [4][5] Share Repurchase Program - Roper's Board of Directors has authorized a share repurchase program of up to $3 billion, allowing for open-market purchases or privately negotiated transactions [6][21] Segment Performance - The Application Software segment generated $1.16 billion in revenue, while Network Software and Technology Enabled Products contributed $413.4 million and $443.1 million, respectively [27][28] - Gross profit margins for Application Software, Network Software, and Technology Enabled Products were 69.0%, 83.9%, and 57.6%, respectively [28]
CareCloud to Present at the 2025 ThinkEquity Conference
Globenewswire· 2025-10-20 12:00
Core Insights - CareCloud, Inc. will showcase its AI innovations, strategic acquisitions, and growth momentum at the ThinkEquity Conference on October 30, 2025 [1][3] - The company has completed four significant transactions in the year to date, including the acquisition of Medsphere and the addition of HFMA's MAP App, which have enhanced its capabilities and client reach [3] Company Overview - CareCloud specializes in healthcare technology solutions, offering a suite of AI and technology-enabled services aimed at improving financial and operational performance, clinical workflows, and patient experience [4] - The company serves over 40,000 providers, helping them enhance patient care while reducing administrative burdens and operating costs [4]