President Joe Biden’s choice to head the Securities and Exchange Commission told Congress on Tuesday that the agency should address how to protect investors who use online stock-trading platforms with flashy tech gimmicks that entice them to trade more. Gary Gensler, who was a chair of the Commodity Futures Trading Commission during the Obama administration, […]
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President Joe Biden’s choice to head the Securities and Exchange Commission is coming before a Senate panel for his confirmation hearing at a moment when a roiling stock-trading drama has spurred clamor for tighter regulation of Wall Street. Gary Gensler, a chairman of the Commodity Futures Trading Commission during the Obama administration, has experience as […]
An artificial intelligence commission led by former Google CEO Eric Schmidt is urging the U.S. to boost its AI skills to counter China, including by pursuing “AI-enabled” weapons – something that Google itself has shied away from on ethical grounds. Schmidt and current executives from Google, Microsoft, Oracle and Amazon are among the 15 members […]
Epic Games said Wednesday it filed an antitrust complaint against Apple with European Union regulators, opening a new front in its war with the tech giant over app store payments. Epic, which makes the popular video game Fortnite, is locked in a battle with Apple over the app store, which takes a 30% cut from […]
Facebook was hit Wednesday with a 7 million euro fine ($8.5 million) by Italy’s competition watchdog after the social media titan failed to comply with an earlier request to change commercial usage of private data. The previous request was made in November 2018 after Italy’s anti-trust agency ruled that Facebook had failed to inform users […]
British telecoms regulator Ofcom has fined O2 UK £10.5m late last week for overcharging its customers over an eight-year span, as the regulatory authority identified issues within its billing processes dating back to 2011. According to the watchdog, its rules require telecoms companies to provide customers with accurate bills and charges. In 2019, Ofcom opened […]
A day after it put a hold on a proposed ban of TikTok, the Biden administration is distancing itself from attempts by former President Donald Trump to ban the Chinese messaging app WeChat. The Commerce Department is reviewing recent actions, such as the rules undermining TikTok and WeChat, to ensure that efforts by the Trump […]
Turkish President Recep Tayyip Erdogan unveiled an ambitious 10-year space program for his country Tuesday that includes missions to the moon, sending Turkish astronauts into space and developing internationally viable satellite systems. Erdogan announced the program, seen as part of his vision for placing Turkey in expanded regional and global role, during a live televised […]
China aims to keep its tech industry under a tight noose, as the country’s market regulator released new and stricter rules to boot out monopolistic practices on Sunday, primarily targeting its tech giants. The new legislation – issued by the State Administration for Market Regulation (SAMR) – will cement an earlier anti-monopoly draft law which […]
A lack of competition for Google and a lack of transparency in the digital advertising supply chain needed to be addressed because they were impacting publishers, advertisers and consumers, Australia’s competition watchdog said on Thursday. The Australian Competition and Consumer Commission released its interim report on its inquiry into the Google-dominated digital advertising services industry […]