Pact

Seplat Energy has terminated a consultancy agreement involving the company’s wholly owned subsidiary and its co-founder and immediate past chairman, A.B.C. Orjiako. Mr Orjiako, acting through Amaze Limited, was required to offer specified support with some external stakeholder engagements after exiting the board last year according to details of the pact, Seplat said in a statement on Thursday. Members of the board of directors of Nigeria’s biggest oil & gas company by market value unanimously terminated the…

Amazon. AMZN -1.65% com Inc. and Rivian Automotive Inc. RIVN -2.55% are in talks to scrap the exclusivity part of their electric-van deal, allowing the auto maker to sell to others, after the technology giant’s order for 2023, according to people familiar with the matter.Under terms of a 2019 agreement, Rivian is required to sell all of the vans it makes to Amazon. In recent months, Amazon notified Rivian that it…

A new pact to facilitate the safe transfer of EU citizens' personal data to the United States might not come into force in time to avoid a suspension of Facebook's transatlantic data flows, the US firm's lead European regulator said on Tuesday.Facebook owner Meta, which warned that a stoppage could force it to suspend its services in Europe, declined to comment on the possible timing of the regulator's decision or the new pact's entry into force.European Union regulators led by Ireland's Data Protection Commissioner (DPC)…

A new pact to facilitate the safe transfer of EU citizens' personal data to the United States might not come into force in time to avoid a suspension of Facebook's transatlantic data flows, the U.S. firm's lead European regulator said on Tuesday. Facebook owner Meta, which has warned a stoppage could force it to suspend Facebook services in Europe, declined to comment on the possible timing of the regulator's decision or the new pact's entry into force. European Union regulators led by Ireland's Data Protection…

EU regulations on road sector emissions are part of a broader package of tougher policies against climate change.The European Union data protection watchdog on Tuesday expressed concerns about a European Commission draft decision that could pave the way for a new data transfer pact with the United States, saying more should be done to protect Europeans' privacy rights. The European Data Protection Board's (EDPB) non-binding opinion comes after the Commission issued a draft decision in December saying U.S. safeguards…

Photo: Shag 7799 (Shutterstock)Russian President Vladimir Putin issued a warning to the Western World on Tuesday when he declared he will no longer participate in the New SMART nuclear treaty with the U.S. The withdrawal marks the last of the country’s nuclear arms control pact almost a year after it invaded Ukraine. Putin has repeatedly admonished the West for its support of Ukraine and said in his State of the Union address that the U.S. and NATO have openly declared their support of Ukraine and have opposed Russia’s…

Late last year, Microsoft announced that it was "committed" to bringing Call of Duty (CoD) to Nintendo for 10 years if its Activision Blizzard acquisition was approved. Now, president Brad Smith has tweeted that the "binding" 10-year contract has been signed, and confirmed that Nintendo would get the same access to CoD as Xbox. "Microsoft and Nintendo have now negotiated and signed a binding 10-year legal agreement to bring Call of Duty to Nintendo players — the same days as Xbox, with full feature and content parity,"…

Singapore and the European Union (EU) have signed a partnership agreement to drive collaboration across multiple areas in the cross-border digital economy. These include digital payments, trusted data flows, 5G, artificial intelligence (AI), and digital identities. The EU-Singapore Digital Partnership provides an "overarching framework for all areas of bilateral digital cooperation" between the two partners, according to a joint statement released Wednesday by Singapore's Ministry of Trade and Industry, Ministry of…

Microsoft is once again pouring money into OpenAI as part of an expanded partnership. The tech giant is making a "multibillion dollar" investment that will lead to wider uses of OpenAI's technology, as well as stronger behind-the-scenes support. While the two companies are short on specifics, Microsoft says you can expect "new categories of digital experiences" that include both consumer-facing and business products. The developer-focused Azure OpenAI Service will play a role. The continued union will also see Microsoft…

The US space agency and Japan have signed an agreement that builds on a long history of collaboration in space exploration between the two nations.From low-Earth orbit to the Moon and beyond, Japan is one of NASA's most significant international partners."This latest framework agreement will allow us to further collaborate across our agencies' broad portfolios in exploration, science, and research," NASA Administrator Bill Nelson said.Read AlsoUS Secretary of State Antony J. Blinken and Japan's Minister for Foreign…