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Dubai, February 13 Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly $80 billion as the kingdom tries to overhaul its energy-dependent economy. The announcement on the state-run Saudi Press Agency comes as the oil firm is valued at just under $2 trillion and as oil trades above $90 a barrel its highest level since 2014. Saudi Crown Prince Mohammed bin Salman, the assertive son of King Salman, made the decision to transfer the stock, the state media report said. It will go to the Public Investment Fund, the kingdom''s sovereign wealth fund, which has been Prince Mohammed''s vehicle to invest in everything from Uber to British football team Newcastle United. The fund also is part of the prince''s Neom project along the Red Sea coast. "His Highness added that the transfer of these shares is part of the kingdom''s long-term strategy aimed at supporting the restructuring of the national economy," the report said.

Microsoft recently confirmed that it will allow popular game Call of Duty to stay on Sony PlayStation, after the US tech giant bought Activision Blizzard for $69 billion.

As acquisitions go, they dont come much bigger than Microsofts recent purchase of Activision Blizzard for nearly $70bn.

Worldwide, more than 782 million new Internet users have been recorded in just two years since 2019 prompting heightened scrutiny on cybercrime. A 2020 UN report noted that cybercrime is on the rise, with 7,000 data breaches recorded in 2019 alone, exposing more than 15 billion records. The cost of such breaches is expected to top $5 trillion by 2024. This undesirable projection is one that experts warn that Africa, just like the rest of the world, must objectively look into and attempt to stay ahead of. This week, as the world celebrated the Safer Internet Day, it was impossible to avoid statistical realities around Internet penetration in Africa, which currently stands at 22%. Although significantly behind the rest of the world, 22% of 1.4 billion Africans is a massive number of people whose everyday lives which include; financial transactions, shopping, movement using maps, connecting with friends, family and associates, work, entertainment, among a host of many other activities, are shaped by the Internet.

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the […]

A man bagging a PlayStation 5 sold at retail - a rare find even in February 2022, 15 months after the console first debuted. CHARLY TRIBALLEAU/AFP via Getty Images As the world

The announcement of 2022s Call of Duty was always going to feel weird. Over the last year, Activision Blizzard has been scrutinized over horrific sexual harassment allegations, turned Call of Duty: Warzone into a glitchy and bloated mess, and was acquired by Microsoft. But I wasnt expecting its reveal to be this sloppy. Activision Blizzard

How the blockbuster deal is a blessing for the troubled video game producer.

Microsoft has got all the initial components in place to be a dominant player in the Cloud Gaming and metaverse arena.

The acquisition expands AppDirect’s Canadian presence while ITCloud.ca will scale its existing business and expand its portfolio. The post Microsoft Partner Acquisition: AppDirect Buys ITCloud.ca appeared first on ChannelE2E .

Amazon Bars Unvaccinated Workers From Receiving Paid COVID Medical Leave Amazon has decreed that any of its warehouse workers who refuse to accept the vaccine will also forfeit the right to paid time off should they ever be infected with the virus - even though being vaccinated has little impact on the transmission of the virus, as the omicron wave clearly demonstrated to millions of American workers. The e-commerce giant has decided to allow workers in its "fulfillment centers" to finally go mask-less inside its giant warehouses, which by all accounts are stuffy, hostile work environments - but only as long as they are vaccinated. The company is changing its policy in response to the governors of at least 12 states lifting their own respective masking requirements. Amazon''s policy change was first reported by WSJ : "There has been a sharp decline in Covid-19 cases across the country over the past weeks. Along with increasing vaccination rates across the country, this is a positive sign we can return to the path to normal operations," Amazon’s memo says.

Blocking macros from running automatically will make downloading Office files safer for everyone.

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Three investors discuss the company''s recent announcement to buy the gaming giant.

The announcement took many investors by surprise.