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FRIDAY, 12 DECEMBER 2025, 08:52

Science/Tech

FSCA Revokes Afrimarkets Licence Over Client Fund Misappropriation

Wednesday at 06:37 AM, via Tech Financials

The Financial Sector Conduct Authority (FSCA) has made a decisive final move against Afrimarkets Capital (Pty) Ltd, permanently withdrawing its financial services provider (FSP) licence. This action concludes a regulatory process initiated in July 2025, stemming from an investigation that uncovered severe misconduct, including the misappropriation of client funds. The FSCA provisionally...

FSCA Levies R197M Fine, 30-Year Debarment in Massive Medbond Fraud

Wednesday at 06:31 AM, via Tech Financials

In a decisive crackdown on a complex financial fraud, the Financial Sector Conduct Authority (FSCA) has slammed the Medbond Group with a massive R197 million administrative penalty and issued a 30-year industry debarment against its key figure. The landmark action, totaling over R212 million in fines, targets a scheme where clients were advised to invest […]

FSCA Fines Banxso A Staggering R2Bln, Debar Directors

Wednesday at 06:16 AM, via Tech Financials

In a landmark enforcement action that sends a shockwave through South Africa’s financial sector, the Financial Sector Conduct Authority (FSCA) has levied a staggering R2 billion penalty against Banxso (Pty) Ltd and its directors. This unprecedented move, part of a total penalty package exceeding R2.16 billion, comes alongside the multi-decade debarment of key individuals for what the […]

‘Food and Fossil Fuel Production Causing $5 Billion of Environmental Damage an Hour’

Wednesday at 05:30 AM, via Slashdot

An anonymous reader quotes a report from the Guardian: The unsustainable production of food and fossil fuels causes $5 billion of environmental damage per hour, according to a major UN report. Ending this harm was a key part of the global transformation of governance, economics and finance required “before collapse becomes inevitable,” the experts said. The Global Environment Outlook (GEO)...

OpenAI Joins the Linux Foundation’s New Agentic AI Foundation

Wednesday at 04:02 AM, via Slashdot

OpenAI, alongside Anthropic and Block, have launched the Agentic AI Foundation under the Linux Foundation, describing it as a neutral home for standards as agentic systems move into real production. It may sound well-meaning, but Slashdot reader and NERDS.xyz founder BrianFagioli isn’t buying the narrative. In a report for NERDS.xyz, Fagioli writes: Instead of opening models, training data, or...

Netflix Faces Consumer Class Action Over $72 Billion Warner Bros Deal

Wednesday at 03:25 AM, via Slashdot

Netflix’s $72 billion bid to buy Warner Bros Discovery has triggered a consumer class action claiming the merger would crush competition, erase HBO Max as a rival, and hand Netflix control over major franchises. Reuters reports: The proposed class action (PDF) was filed on Monday by a subscriber to Warner Bros-owned HBO Max who said the proposed deal threatened to reduce competition in the U.S....

Ask Slashdot: What Are the Best Locally-Hosted Wireless Security Cameras?

Wednesday at 02:45 AM, via Slashdot

Longtime Slashdot reader Randseed writes: With the likes of Google Nest, Ring, and others cooperating with law enforcement, I started to look for affordable wireless IP security cameras that I can put around my house. Unfortunately, it looks like almost every thing now incorporates some kind of cloud-based slop. All I really want is to put up some cameras, hook them up to my LAN, and install...

More People Crowdfunded Basic Needs In 2025, GoFundMe Report Shows

Wednesday at 02:02 AM, via Slashdot

An anonymous reader quotes a report from Fast Company: More and more people are turning to GoFundMe for help covering the cost of housing, food, and other basic needs. The for-profit crowdfunding platform’s annual “Year in Help” report, released Tuesday, underscored ongoing concerns around affordability. The number of fundraisers started to help cover essential expenses such as rent, utilities,...

Humans rank above meerkats but below beavers in monogamy league table

Wednesday at 02:01 AM, via The Guardian

Human beings in 7th place out of 35 species on monogamy scale, according to a study by Cambridge University

Humans are playing in the premier league of monogamous mammals, according to a new ranking of animals by their reproductive habits, but we may need a new manager to beat the beavers.

In the study from University of Cambridge, humans ranked 7th out of 35 species on the monogamy scale,...

Congress Quietly Strips Right-To-Repair Provisions From US Military Spending Bill

Wednesday at 01:20 AM, via Slashdot

Congress quietly removed provisions that would have let the U.S. military fix its own equipment without relying on contractors, despite bipartisan and Pentagon support. The Register reports: The House and Senate versions of the NDAA passed earlier both included provisions that would have extended common right-to-repair rules to US military branches, requiring defense contractors to provide...

Millions of Australian Teens Lose Access To Social Media As Ban Takes Effect

Wednesday at 00:40 AM, via Slashdot

Australia’s world-first ban blocking under-16s from major social platforms has come into effect. The BBC is live reporting the reactions “both from within Australia and outside it.” From the report: I’ve been speaking to 12-year-old Paloma, who lives in Sydney and says she is “sad” about the ban. She spends between 30 minutes and two hours a day on social media. “I’m upset… because I am part of...

Apple’s Slow AI Pace Becomes a Strength As Market Grows Weary of Spending

Wednesday at 00:02 AM, via Slashdot

An anonymous reader quotes a report from Bloomberg: Shares of Apple were battered earlier this year as the iPhone maker faced repeated complaints about its lack of an artificial intelligence strategy. But as the AI trade faces increasing scrutiny, that hesitance has gone from a weakness to a strength — and it’s showing up in the stock market. Through the first six months of 2025, Apple was the...

2025 Will Be World’s Second or Third-Hottest Year on Record, EU Scientists Say

Tuesday at 23:22 PM, via Slashdot

This year is set to be the world’s second or third-warmest on record, potentially surpassed only by 2024’S record-breaking heat, the European Union’s Copernicus Climate Change Service (C3S) said on Tuesday. From a report: The data is the latest from C3S following last month’s COP30 climate summit, where governments failed to agree to substantial new measures to reduce greenhouse gas emissions,...

Microsoft 365 Prices Rising For Businesses and Governments in July 2026

Tuesday at 22:41 PM, via Slashdot

Microsoft has announced that it will raise prices on its Microsoft 365 productivity suites for businesses and government clients starting in July 2026, marking the first commercial price increase since 2022. Small business and frontline worker plans face the steepest hikes: Business Basic jumps 16.7% to $7 per user per month, while frontline worker subscriptions surge up to 33%. Enterprise...

The Inevitable Shape of Cheap Online Retail

Tuesday at 22:01 PM, via Slashdot

Pinduoduo in China, Shopee in Southeast Asia, and Meesho in India operate in markets that could hardly be more different — an upper-middle-income industrial state, a stitched-together archipelago of under-banked economies, and a country where three-quarters of retail is unorganized and e-commerce penetration sits at about 7% — yet all three have landed on the same business model. These...

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