The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer. The House hearing comes after senators on Wednesday questioned the six CEOs on […]
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What started as a pragmatic effort to boost scientific research and development has morphed into sweeping Senate bill aimed at making the U.S. more competitive with China and other countries, including $50 billion in emergency funds to shore up domestic computer chip manufacturing. The American Innovation and Competition Act is key to President Joe Biden’s […]
European Union officials unveiled plans Wednesday to beef up the bloc’s code of practice on online disinformation, with the aim of preventing digital ad companies from profiting off of “fake news.” EU officials said they were strengthening the three-year-old voluntary code to make it more effective at fighting the false information flooding tech platforms. “We […]
Online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, “Legally Blonde” and “Shark Tank,” with the hopes of filling its video streaming service with more stuff to watch. Amazon is paying $8.45 billion for MGM, making it the company’s second-largest acquisition after it bought grocer Whole Foods for nearly […]
The messaging app WhatsApp has sued the Indian government seeking to defend its users’ privacy and stop new rules that would require it to make messages “traceable” to external parties. WhatsApp filed the lawsuit Wednesday in the Delhi High Court. It is arguing that the government rules regarding the traceability of messages are unconstitutional and […]
German regulators have launched an investigation into Google’s position in the market, and how the search engine and advertising giant handles user data. The Federal Cartel Office, or Bundeskartellamt, said Tuesday that it has started proceedings against Google entities in Germany, Ireland and California based on new provisions in German competition law that apply to […]
The judge who will decide a case challenging Apple’s stranglehold on its iPhone app store indicated on Monday she would like to promote more competition but without dismantling a commission system that reaps billions of dollars for the technology powerhouse. U.S. District Judge Yvonne Gonzalez Rogers isn’t likely to issue a decision until this summer. […]
A few hours after the latest cease-fire took effect in the Gaza Strip, a number of Palestinian journalists in the coastal enclave found they were blocked from accessing WhatsApp messenger — a crucial tool used to communicate with sources, editors and the world beyond the blockaded strip. The Associated Press reached out to 17 journalists […]
Irish data watchdog has granted social media giant Facebook six weeks to respond to an investigation that looks to ban its transatlantic data transfers, as a court ruling allowed for the probe to continue. The inquiry was launched back in August 2020 by Ireland’s Data Protection Commissioner (DPC) labelling the social media giant’s data transfer […]
Republican Florida Gov. Ron DeSantis signed a bill on Monday that seeks to punish social media platforms that remove “conservative ideas” from their sites, though it is not clear if it would pass constitutional muster because it might violate the First Amendment. The new law will enable the state to fine large social media companies […]