London: Britain’s competition regulator said on Tuesday it has directed Facebook owner Meta Platforms to sell animated images platform Giphy after finding that the deal could harm social media users and UK advertisers.

The Competition and Markers Authority (CMA) said the decision was in line with provisional findings that Facebook’s acquisition of Giphy would reduce competition between social media platforms and in the display advertising market.

“The tie-up between Facebook and Giphy has already removed a potential challenger in the display advertising market …By requiring Facebook to sell Giphy, we are protecting millions of social media users and promoting competition and innovation in digital advertising,” said Stuart McIntosh, chair of the independent investigation for the CMA.

Facebook, now rebranded Meta Platforms as the parent company of the eponymous social media network, said it disagreed with the decision.

“We are reviewing the decision and considering all options, including appeal,” a spokesperson for Meta said.

The CMA in October fined the company about $70 million for breaching an order that was imposed during its investigation into the deal, having hinted in August that it may need Facebook to sell Giphy.

SOURCE: Reuters

Islamabad: The federal government Tuesday announced to maintain the prices of petroleum products.

Following the prime minister's decision, the petrol price will remain unchanged at Rs145.82 per litre, and the price of diesel will remain Rs142.62 per litre as before.

The prices of kerosene oil and light diesel will stay at Rs116.53 and Rs114.07 per litre, respectively.

According to the notification, the new prices will be effective from December 1.

On November 5, the government had jacked up the price of petrol in Pakistan by Rs8.03 per litre despite November 1's decision of the prime minister to not increase the prices.

The Sindh government on Tuesday announced that educational activities would continue across the province, but at the same time, announced new curbs as it braces for omicron, the latest coronavirus variant.

Pakistan had last week announced a ban on entry from six southern African countries as well as Hong Kong "due to threat" from the new COVID-19 variant.

In a notification, the Sindh Home Department said the National Command and Operations Centre had placed Karachi, Sukkur, and Sanghar in "category B" (cities with good vaccination progress) while other cities of the province fell under "category C" (cities with low vaccination progress).

The home department, in line with the NCOC's recommendations, has therefore announced new curbs, which will be applicable from December 1-15. Indoor and outdoor gatherings are only allowed for vaccinated individuals with the following cap:

Karachi, Sukkur, and Sanghar — indoor 500 people and outdoor 1,000 people. Other cities, divisions — indoor 300 people and outdoor 1,000 people.

Indoor dining is only allowed for fully vaccinated individuals till 11:59pm. In Karachi, Sukkur, and Sanghar, it will be allowed at 70% occupancy, while in other cities and divisions, the maximum cap is 50%.

Outdoor dining is also allowed for fully vaccinated individuals throughout the province till 11:59pm. Takeaway and drive-through services can function 24/7, given that they follow

Indoor and outdoor ceremonies are allowed only for fully vaccinated individuals. Karachi, Sukkur, and Sanghar — indoor 500 individuals and outdoor 1,000 individuals.

Other cities, divisions — indoor 300 individuals and outdoor 1,000 individuals.

Markets and business activities can continue till 10pm, while essential services — pharmacies, medical facilities, vaccination centres, petrol pumps, CNG stations, and others — can function 24/7.

Amusement parks, water sports, and swimming pools in individuals Karachi, Sukkur, and Sanghar can function at 70% occupancy, while in the remaining cities and divisions the cap is 50%.

Public parks, however, will remain open under strict COVID-19 protocols. Contact sports are allowed for fully vaccinated individuals.

Shrines will remain open, however, only fully vaccinated individuals will be allowed to visit the places. Routine office timings will be followed and 100% attendance is permitted. The employees should be fully vaccinated.

Only fully vaccinated individuals can exercise at indoor gyms. Public transport can operate with 80% occupancy and only fully vaccinated individuals can benefit from the service. Wearing masks is mandatory.

Cinemas can entertain fully vaccinated individuals and can operate without time restrictions. Railways will operate with 80% occupancy and only fully vaccinated individuals can benefit from the service. Wearing masks is mandatory.

District administrations may impose broader lockdowns in areas under their jurisdiction. They can also smart and micro smart lockdowns in specified areas. Wearing masks shall be compulsory in public spaces.

All education institutes will follow 100% attendance with a focused campaign to vaccinate students above 12 years of age.