Day: May 16, 2020

Facebook buys Giphy, the popular tool for creating animated GIFs

Facebook has bought Giphy, a popular tool for creating animated GIFs that pepper conversations around the internet. The companies did not disclose how much the deal was worth. But news website Axios reported the deal was valued at about US$400 million ($623 million), citing unnamed people familiar with the matter. Facebook said in a blog post on Friday that it planned to integrate Giphy into Instagram but added that Giphy would still work outside of Facebook’s properties. The company said about half of Giphy’s traffic came from Facebook’s apps — Instagram, Facebook, Messenger and WhatsApp. “People will still be...

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WHO chief calls for new global policy to expand access to COVID-19 tools

World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus urged world leaders to come together and develop a new global policy to expand access to COVID-19-related technology achievements. Speaking at an online press conference from Geneva on Friday, Tedros stressed that the potential vaccines, medicines and other technologies will provide additional hope of overcoming COVID-19, but “they will not end the pandemic if we cannot ensure equitable access to them,” Xinhua news agency reported. “In these extraordinary circumstances, we need to unleash the full power of science, to deliver innovations that are scalable, usable, and benefit everyone, everywhere, at the...

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Fugitive Nirav Modi’s trial in UK adjourned till Sep

The extradition trial of the Indian fugitive diamantaire Nirav Modi in a case of financial fraud and money laundering worth $2 billion, has been adjourned by the court in the UK till September 7. Sources in London said District Judge Samuel Goozee, who presided over the trial at Westminster Magistrates’ Court on Thursday, said at the end of a four-day partial hearing of the case that the trial will be resumed, hopefully, after the restrictions imposed on the movement of people due to the coronavirus pandemic would have been eased. The diamond merchant, who was arrested by Scotland Yard...

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