The CEOs of Meta, X, TikTok, Snap and Discord will testify before the US Senate on January 31, 2024 during a hearing about online child sexual exploitation. US Senate Majority Whip Dick Durbin (D-IL) and Senator Lindsey Graham (R-SC), Chair and Ranking Member of the Senate Judiciary Committee, announced that […]
Wolrd
A U.S. regulator said on Thursday it fined Bank of America $24 million for engaging in more than 700 instances of “spoofing” through two former traders in U.S. Treasuries, and for related supervisory failures over more than six years. Updated On Nov 30, 2023 at 10:44 PM IST A U.S. […]
The US Supreme Court on Wednesday heard the second of three cases the majority conservative bench will consider this term that could significantly curtail federal regulatory authorities. Wednesday’s case challenges a tribunal system used by the Securities and Exchange Commission (SEC) to rule on fines issued by the agency. A […]
European consumer groups lodged Thursday a complaint against Meta’s system allowing Facebook and Instagram users to pay to opt out of data tracking, the second challenge this week. Meta sells data on its users to advertisers but has long struggled to provide a justification that satisfies EU data privacy laws. […]
China’s foreign exchange regulator fined Agricultural Bank of China 5.53 million yuan ($776,129) over some foreign exchange related wrongdoings. The State Administration of Foreign Exchange’s Beijing bureau also gave a warning to the lender while it confiscated illegal gains of about 1.42 million yuan, according to an online statement. The […]
France’s Court of Cassation on Tuesday confirmed that ride-hailing app Uber’s condemnation for deceptive commercial practices and complicity in providing illegal taxi services over its early-2010s product Uber Pop. The firm halted the Uber Pop service in 2015 after two managers were taken into custody. A separate court of appeal […]
Former Binance chief Changpeng Zhao cannot leave the United States for the time being, a federal judge said on Monday, after the founder of the world’s largest cryptocurrency exchange pleaded guilty to violating U.S. anti-money laundering laws. Zhao will be required to stay in the United States until the Seattle […]
Electric carmaker Tesla on Monday filed a lawsuit against the Swedish state over a strike by postal workers that is blocking deliveries of license plates for its new cars. Tesla is currently facing strikes on multiple fronts in Sweden over its refusal to sign a collective wage agreement for its […]
Australia’s government said on Monday it would bring Apple Pay, Google Pay and other digital payment services under the same regulatory umbrella as credit cards and other payments as part of legislation set to be introduced to parliament this week. Digital wallets from the likes of Apple, Google and WeChat […]
New Zealand’s incoming conservative government will jettison world-leading measures to stub out smoking, new Prime Minister Christopher Luxon confirmed Monday, in a move described by health campaigners as a “huge win for the tobacco industry”. Unveiled under former prime minister Jacinda Ardern, the so-called “generational smoking ban” aimed to prohibit […]