Facebook Questioned by Irish Authorities Regarding Recent Personal Data Breach

A data leak involving the personal details of millions of Facebook users is being reviewed by Ireland’s Data Protection Commission (DPC). The database reportedly held Facebook profile names, phone numbers, locations and other personal facts about more than 530 million …

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Volkswagen Buys Tesla Credits to Comply with Chinese Regulations

A joint venture by Volkswagen has agreed to buy green car credits from Tesla to help meet environmental protocols in China. This deal is the first to ever to trade green credits, which are a system of points automakers can …

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Russian Government Threatens to Block Twitter in a Month

The Russian government has warned that will block Twitter in a month if it fails to delete banned content. “We’ve taken a month to watch Twitter’s reaction on the issue of removing prohibited information. Appropriate decisions will be made depending …

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Chinese Tech Companies Lose Value Under Watchdog Regulatory Pressure

China’s market watchdog has slapped fines against some of the largest technology firms of the country due to their failure in disclosing their acquisitions of smaller competitors to the government, stepping up its crackdown on the internet sector. According to …

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UK Competition and Markets Authority: Google and Facebook Are Too Powerful

The UK’s Competition and Markets Authority (CMA) plans to launch anti-trust investigations into Google, Facebook and other massive tech companies after calling them “too powerful” in the UK media market. CMA chief executive Andrea Coscelli noted that Facebook and Google …

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UK Supreme Court Rules that Uber Drivers are Workers

The UK Supreme Court has ruled that Uber drivers are workers instead of self-employed, which means that drivers are entitled to minimum wage and other benefits.  App Drivers & Couriers Union (ADCU) president Yaseen Aslam said, “I think it’s a …

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Saudi Arabia Will Require International Companies to Have Local HQ to Receive Contracts

Saudi Arabia has announced that it will stop contracting with companies with regional headquarters outside the Kingdom by 2024, state media reported. The move aims to “to incentivize the localization of businesses by foreign companies that deal with the Kingdom’s …

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Swedish Financial Watchdog Fines Nasdaq $36 Million over 2018 Trader Default

Sweden’s financial supervisory authority Finansinspektionen announced on Wednesday that it has issued an administrative fine worth 300 million Swedish crowns ($36 million) against Nasdaq Clearing due to “serious deficiencies” in its operations following the prominent Norwegian speculator Einar Aas default …

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