logo
HK Watchdog Accepts China Mobile's HKBN Acquisition Commitments

HK Watchdog Accepts China Mobile's HKBN Acquisition Commitments

Bloomberg5 days ago
Hong Kong's competition watchdog has accepted commitments by China Mobile Hong Kong regarding its proposed acquisition of broadband provider HKBN Ltd. and won't pursue an investigation, clearing the way for the merger to proceed.
The planned deal, announced by China Mobile Hong Kong in December, was scrutinized by the Communications Authority under the Competition Ordinance because of its potential impact on market competition. The authority conducted an assessment and identified concerns, particularly regarding the fixed local access network, which could have been negatively affected by the acquisition.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Toyota cuts full-year operating profit estimate by 16%
Toyota cuts full-year operating profit estimate by 16%

Yahoo

time8 minutes ago

  • Yahoo

Toyota cuts full-year operating profit estimate by 16%

TOKYO (Reuters) -Toyota Motor cut its full-year operating profit forecast by 16% on Thursday as an appreciating yen and higher U.S. import tariffs weighed on its financial results. The world's biggest automaker cut its full-year operating profit forecast to 3.2 trillion yen ($21.7 billion), down from a previous outlook of 3.8 trillion yen, on the heavy fallout from the tariffs, higher material prices and currency fluctuations. Toyota said it expects the U.S. levies to reduce its profit by 1.4 trillion yen for the entire fiscal year. It had previously estimated a hit of 180 billion yen for April and May, but it had not issued a full-year projection until now. For the April to June first quarter, Toyota reported an operating profit of 1.17 trillion yen, down from 1.31 trillion yen a year earlier, but above the 902 billion yen average of seven analyst estimates compiled by LSEG. ($1 = 147.2300 yen)

Imagen Network Builds Adaptive Content Filters Using Grok to Boost Engagement Quality
Imagen Network Builds Adaptive Content Filters Using Grok to Boost Engagement Quality

Yahoo

time8 minutes ago

  • Yahoo

Imagen Network Builds Adaptive Content Filters Using Grok to Boost Engagement Quality

Imagen integrates Grok intelligence to deliver more responsive feed moderation in decentralized apps. Singapore, Singapore--(Newsfile Corp. - August 7, 2025) - Imagen Network (IMAGE), the decentralized AI-powered social platform, has introduced a new suite of adaptive content filters designed to improve engagement quality across its Web3 environments. This development leverages Grok's intelligent infrastructure to identify context and tone in real-time, providing more precise feed moderation without compromising transparency. Advanced AI tools designed for smarter decentralized social interactions. To view an enhanced version of this graphic, please visit: The new filters support dynamic adjustments based on behavioral feedback and allow communities to retain autonomy while benefiting from advanced moderation. Grok's capabilities are embedded to optimize how user content is evaluated and organized, adapting to conversational shifts and sentiment trends as they occur. This initiative reinforces Imagen's commitment to empowering user-led spaces with scalable AI systems. This upgrade follows Imagen's broader roadmap to streamline on-chain user experiences and enhance social authenticity. By combining Grok's real-time reasoning with decentralized control, the platform strengthens its position as the standard for intelligent, creator-led social networks. About Imagen Network Imagen Network is a decentralized AI platform focused on building user-led social applications that combine personalization, transparency, and smart interaction systems. It enables peer engagement through intelligent tools and adaptive AI systems for the Web3 generation. Media Contact Dorothy Marley KaJ Labs +1 707-622-6168 media@ Social Media Twitter Instagram To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Elis continues its growth strategy in Ireland with the signing of the acquisition of OCL
Elis continues its growth strategy in Ireland with the signing of the acquisition of OCL

Yahoo

time8 minutes ago

  • Yahoo

Elis continues its growth strategy in Ireland with the signing of the acquisition of OCL

Saint-Cloud, August 7, 2025 – Elis, the global leader in circular services at work, today announces the signature of an agreement to acquire 100% of O.C.L. Laundry Services Limited (OCL) in Ireland. The closing of the transaction is subject to standard regulatory conditions. OCL operates an industrial laundry in Ballinrobe (Co. Mayo) in the Western part of the country, and services Hospitality customers. The company currently employs 170 people and delivered revenue of c. 17 million euros in 2024. About Elis As the leader in circular services, thanks to a rental-maintenance model optimized by traceability technologies, Elis innovates every day. In its 31 countries, Elis meets the needs of its customers in terms of protection, hygiene, and well-being, while assisting them in achieving their environmental objectives. With unique operational know-how and a profitable organic growth profile, Elis creates sustainable value for its shareholders, customers, employees, and the environment. Contacts Nicolas BuronDirector of Investor Relations, Financing and Treasury Phone: + 33 (0)1 75 49 98 30 - Charline LefaucheuxInvestor Relations Phone: + 33 (0)1 75 49 98 15 – Attachment Elis continues its growth strategy in Ireland with the signing of the acquisition of OCLError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store