A federal judge on Monday dismissed antitrust lawsuits brought against Facebook by the Federal Trade Commission and a coalition of state attorneys general, dealing a significant blow to attempts by regulators to rein in tech giants. U.S. District Judge James Boasberg ruled Monday that the lawsuits were “legally insufficient” and didn’t provide enough evidence to […]
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Mexico’s central bank on Monday swatted down the cryptocurrency enthusiasm expressed over the weekend by one of the country’s leading bankers. Ricardo Salinas Pliego, a magnate with large operations in retail, banking and television who has been seen as President Andrés Manuel López Obrador’s closest business ally, wrote in his social media accounts Sunday that […]
El Salvador’s president says use of the cryptocurrency Bitcoin will not be mandatory, but the country is planning to give out starter accounts with $30 to promote its use. Finance Minister Alejandro Zelaya said Thursday the government will allocate $120 million to establish as many as 4 million starter Bitcoin accounts, or “wallets,” though he […]
Casa Systems, Inc. a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, announced on Friday the general availability of its Axyom™ 5G multi-access core as a vendor validated cloud-native digital service enablement platform for Red Hat OpenShift, the industry’s leading enterprise Kubernetes platform. With Casa Systems converged […]
A Nigerian information technology worker has been indicted on federal wire fraud and identity theft charges, after authorities said he and his co-conspirators filed false claims for pandemic-related unemployment benefits in 17 states. Chukwuemeka Onyegbula, using the name “Phillip Carter,” was linked to at least 253 fraudulent filings for unemployment benefits, according to an indictment […]
According to “Accelerating the 5G Industrial Revolution: State of 5G and edge in industrial operations” report released by the Capgemini Research Institute, industrial 5G adoption is still at the ideation and planning stages, with only 30 percent of industrial organizations having moved to the pilot stage or beyond. This means there is a huge window of opportunity for telcos and those […]
John McAfee, the outlandish security software pioneer who tried to live life as a hedonistic outsider while running from a host of legal troubles, was found dead in his jail cell near Barcelona on Wednesday. His death came just hours after a Spanish court announced that it had approved his extradition to the United States […]
The COVID-19 pandemic hit Italy especially hard, killing more than 127,000 people and sending the European Union’s third-largest economy into a devastating tailspin. Yet out of that tragedy may come solutions for decades-old problems that have held back growth and productivity — and with them, a new sense of stability for the euro, the currency […]
The European Union’s move on Tuesday to investigate Google over alleged antitrust behavior in the digital ad tech sector is the bloc’s latest crackdown on U.S. tech giants. Here’s a look at enforcement actions taken by the EU’s competition commissioner, Margrethe Vestager, in recent years, as well as actions by U.S. antitrust regulators and states. […]
The U.S. department of Justice announced on Tuesday that it has blocked various major Iranian state-linked news platforms accused of spreading disinformation. The move comes as a form of retaliation of previous claims made by Washington that the sites have been attempting to influence the American elections, with many pundits arguing that it will intensify […]