regulation

09 Aug

Turkey’s Instagram Ban Hits Women Entrepreneurs as Orders Dry Up

stp2y0 CommentsRAG modelsEntrepreneurs, equality, food, infrastructure, Ismail Haniyeh, META PLATFORMS INC-CLASS A, Recep Tayyip Erdogan, regulation, social media, Technology, turkey, Women

Turkey’s decision to block access to Instagram has hit female entrepreneurs who rely on the popular social media application to sell everything from cookies to bed sheets.“We’ve been using Instagram to showcase our products and reach out to a wider client base,” said Ezgi Akincilar, founder of online retailer Antalya’dan Iste, which sells food products from honey and jam to canned artichokes. Source link lol

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08 Aug

Musk’s Riot Provocations Prompt UK to Seek Tougher Online Rules

stp2y0 CommentsRAG modelsALPHABET INC-CL A, Elon Reeve Musk, Government, Jordan, PROMPT SAS, regulation, social media, Technology, TWITTER INC, United Kingdom, war

Keir Starmer called for a “mature conversation” with social media companies to limit malicious content that’s stoked days of rioting in the UK. Instead, he found himself in an escalating online confrontation with Elon Musk, the billionaire owner of X.Now, the UK is mulling steps to tighten the regulation of platforms like Musk’s — and finding it has few levers, especially when the owner is a major amplifier of misinformation. One step would be to revive a key provision in the Online Safety Act, set to be implemented later this year, giving authorities more power to force social media companies…

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08 Aug

Coinbase Shares Gain After Court Limits SEC Award in Ripple Case

stp2y0 CommentsRAG modelsAmericas, bitcoin, business, cryptocurrencies, cryptocurrency, finance, Government, Markets, regulation, RIPPLE LABS INC, Technology, US Securities and Exchange Commission, Well Spent

Coinbase Inc. shares rose after a federal court ruled that Ripple Labs Inc. pay a fraction of what the US Securities and Exchange Commission sought in a civil suit, a decision that bodes well for the biggest US crypto exchange’s case with the agency.Coinbase’s shares are up about 7% to around $191 on Thursday, a day after the court said that Ripple had to pay a penalty of $125 million. The SEC sued for almost $2 billion to punish Ripple for raising money without registering its token as a security in 2020. Source link lol

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08 Aug

Social Media Platforms Show Little Interest in Stopping Spread of Misinformation

stp2y0 CommentsRAG modelsartificial intelligence, business, Donald John Trump, fully-charged, META PLATFORMS INC-CLASS A, regulation, social media, SPREAD, Technology, turkey, United Kingdom, war, youtube

Social media platforms gave up on content moderation a long time ago. But first… Source link lol

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08 Aug

Deutsche Telekom Improves Profitability Buoyed by US Growth

stp2y0 CommentsRAG modelsCash Flow, DEUTSCHE TELEKOM AG-REG, Earnings, europe, germany, Government, regulation, T-MOBILE US INC, Taxes, Technology, Tim Hoettges

Deutsche Telekom AG, Europe’s largest telecommunications operator, reported increased profitability in the second quarter, buoyed by strong subscriber growth in the US and resilience in its home market of Germany. Adjusted earnings before interest, taxes, depreciation and amortization after leases rose 7.8% from a year earlier to €10.8 billion ($11.8 billion) in the second quarter, the carrier said in a statement on Thursday. Analysts had forecast €10.7 billion, according the average of estimates compiled by Bloomberg. Source link lol

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08 Aug

Rakuten Likely to Report Narrower Loss as Bond Redemptions Loom

stp2y0 CommentsRAG modelsAKIO, Banking, Bonds, Debt, fintech, Markets, Mickey Mikitani, RAKUTEN BANK LTD, RAKUTEN GROUP INC, regulation, shopping, Technology

Rakuten Group Inc. looks set to report on Friday a narrower loss in the April-June quarter, which would shore up confidence in its ability to pay bonds due through next year.The focus is on billionaire founder Hiroshi Mikitani’s efforts to turn around his four-year-long foray into the saturated mobile market without a single profitable quarter. Investors are also seeking clarity on the Japanese online shopping mall operator’s delayed plan to combine its profit-churning financial arms. Source link lol

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07 Aug

UK Regulator Tells Online Services to ‘Act Now’ to Stop Riots

stp2y0 CommentsRAG modelsapps, Asia, BEIJING DOUYIN INFORMATION S, Culture, Emerging Markets, Government, Markets, META PLATFORMS INC-CLASS A, politics, regulation, social media, Technology, United Kingdom

The UK telecommunications regulator urgedBloomberg Terminal online service providers to take action to stop customers from using their platforms to incite violence, even though Ofcom’s new rules with stronger requirements to police online content aren’t yet in effect. “In a few months, new safety duties under the Online Safety Act will be in place, but you can act now – there is no need to wait to make your sites and apps safer for users,” said Gill Whitehead, Ofcom’s director for online safety, in a letter posted to the regulator’s website on Wednesday. Source link lol

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07 Aug

Tesla Recalls 1.6 Million Cars in China Over Hood-Lock Problem

stp2y0 CommentsRAG modelsAutomotive, china, europe, France, Government, JULY SARL/CAEN, regulation, retail, software, Technology, TESLA INC

Tesla Inc. has recalled most of the cars it’s ever sold in China due to an issue that could leave an unlocked hood to go unnoticed, creating a potential safety hazard, according to a notice by the state market regulator.A latch assembly issue may at times prevent the driver from being alerted about an unlocked front hood, which could allow the hood to fully open with the vehicle in motion, increasing the risk of a collision, according to a recallBloomberg Terminal notice by the State Administration for Market Regulation on Tuesday. Source link lol

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07 Aug

Coupang Posts First Loss Since 2022 as Farfetch Deal Saps Profit

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, Bom Suk Kim, COUPANG INC, E-commerce, Earnings, Government, PDD HOLDINGS INC, regulation, South Korea, taiwan, Technology

Coupang Inc. posted its first loss in two years, after the acquisition of unprofitable Farfetch Holdings Plc and a government regulatory fine offset strong growth in its core e-commerce business.South Korea’s largest online retailer posted a net loss of $77 million for the June quarter, versus an average estimate for a loss of $11.7 million. Excluding Farfetch and a fine from the Korean authorities, Coupang’s second-quarter net income came to about $124 million, it said in a statementBloomberg Terminal. Source link lol

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30 Jul

Google’s Anthropic AI Deal Gets Closer UK Regulator Scrutiny

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, artificial intelligence, Corporate Governance, Government, investing, MICROSOFT CORP, regulation, startups, Technology, United Kingdom

Google’s partnership with US startup Anthropic will get deeper scrutiny from the UK’s antitrust watchdog, adding to the growing number of probes into the wave of big tech investment in artificial intelligence. The Competition and Markets Authority said Tuesday it was gathering information from market players to determine whether the Alphabet Inc. unit’s tie up qualifies as a merger and harms UK competition. Source link lol

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