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Russia says Twitter mobile slowdown to remain until all banned content is removed

Reuters
MOSCOW, Nov 29 (Reuters) – Russia will continue slowing down the speed of Twitter (TWTR.N) on mobile devices until all content deemed illegal is deleted, state communications regulator Roskomnadzor told Reuters, as Moscow continues to make demands of Big Tech. Russian authorities have taken steps recently to regulate technology giants......

EU’s Vestager cheers as lawmakers vote for tougher tech laws

Reuters
EU Commission Executive Vice-President Margrethe Vestager holds a news conference on European Commission’s competition policy, in Brussels, Belgium November 18, 2021, REUTERS/Yves Herman Register now for FREE unlimited access to reuters.com Register STRASBOURG, Nov 23 (Reuters) – A key committee of EU lawmakers on Tuesday agreed to tougher laws targeting......

Apple files lawsuit against NSO Group, saying U.S. citizens were targets

Reuters
Nov 23 (Reuters) – Apple Inc (AAPL.O) said on Tuesday it has filed a lawsuit against Israeli cyber firm NSO Group and its parent company OSY Technologies for alleged surveillance and targeting of U.S. Apple users with its Pegasus spyware. The iPhone maker said it is also seeking to ban......

China fines tech giants for failing to report 43 old deals

Reuters
BEIJING, Nov 20 (Reuters) – China’s market regulator on Saturday said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying that they violated anti-monopoly legislation. Enterprises involved in the cases would be fined 500,000......

Corporate America unloads on Biden’s newly active business watchdogs

Reuters
WASHINGTON, Nov 19 (Reuters) – Corporate America mounted fresh attacks on Friday on President Joe Biden’s antitrust enforcers who have vowed to rein in anticompetitive practices and vigorously investigate corporate crime. The Chamber of Commerce wrote three letters and filed more than 30 Freedom of Information Act requests about what......

China’s Netflix is stuck in own dystopian plot

Reuters
Men stand near a booth with signs of iQiyi, during the Beijing International Film Festival, in Beijing, China September 20, 2021. REUTERS/Tingshu Wang HONG KONG, Nov 18 (Reuters Breakingviews) – China’s iQiyi (IQ.O), the country’s answer to Netflix (NFLX.O), just can’t catch a break. Amid disappointing revenue growth, the operating......

China’s Baidu posts better-than-expected results on AI, cloud demand

Reuters
Nov 17 (Reuters) – China’s Baidu Inc beat analysts’ estimates for quarterly revenue and adjusted profit on Wednesday, helped by stronger demand for its artificial intelligence (AI) and cloud products. Baidu, called China’s Google, has forayed into AI, cloud and autonomous driving to supplement its core search business that has......

Facebook says hackers in Pakistan targeted Afghan users amid government collapse

Reuters
Nov 16 (Reuters) – Hackers from Pakistan used Facebook to target people in Afghanistan with connections to the previous government during the Taliban’s takeover of the country, the company’s threat investigators said in an interview with Reuters. Facebook (FB.O) said the group, known in the security industry as SideCopy, shared......

S.Korea lawmaker says Apple, Google not doing enough to comply with app store law

Reuters
A 3D printed Google logo is placed on the Apple Macbook in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo SEOUL, Nov 16 (Reuters) – Apple Inc (AAPL.O) and Alphabet’s (GOOGL.O) Google are not doing enough to comply with a South Korean law that bars dominant app store operators......

Google commits $740 mln to Australia months after threatening pull-out

Reuters
A smartphone with a Google app icon is seen in front of the displayed Australian flag in this illustration, January 22, 2021. REUTERS/Dado Ruvic/Illustration SYDNEY, Nov 16 (Reuters) – Google will spend A$1 billion ($736 million) in Australia over five years, the tech giant said on Tuesday, just months after......

Stocks rally, led by growth names, dollar eases

Reuters
European shares end at record closing highs Dollar eases off highest since July 2020 Elon Musk sells more Tesla shares NEW YORK, Nov 12 (Reuters) – Global equity markets rallied on Friday, with European shares hitting new highs on strong earnings, while the dollar eased but was on track for......

Google loses challenge against EU antitrust ruling, $2.8-bln fine

Reuters
LUXEMBOURG, Nov 10 (Reuters) – Alphabet (GOOGL.O) unit Google lost an appeal against a 2.42-billion-euro ($2.8-billion) antitrust decision on Wednesday, a major win for Europe’s competition chief in the first of three court rulings central to the EU push to regulate big tech. Competition Commissioner Margrethe Vestager fined the world’s......

EXCLUSIVE Amazon seeking to settle EU antitrust investigations, sources say

Reuters
BRUSSELS, Nov 9 (Reuters) – Amazon (AMZN.O) is seeking to settle two EU antitrust investigations to stave off potential hefty fines and orders to change its business practices, people familiar with the matter said. The European Commission in November last year charged the world’s biggest online retailer with using its......

AMD lands Meta as customer and takes on Nvidia, sending shares up 11%

Reuters
Nov 8 (Reuters) – Advanced Micro Devices Inc (AMD.O) on Monday said it has won Meta Platforms Inc (FB.O) as a data center chip customer, sending AMD shares up more than 11%as it cemented some of its gains against Intel Corp (INTC.O). It also announced a range of new chips......

Italy antitrust starts proceedings to fine Google over restrictive clauses

Reuters
MILAN, Nov 8 (Reuters) – Italy’s antitrust regulator has started proceedings to fine Google (GOOGL.O) for allegedly restrictive clauses in the terms of service consumers have to accept to use Google Drive. In a filing, the antitrust said the proceedings had to be wrapped up within 120 days. Google was......

Wall St Week Ahead: Some investors look to diversify amid big tech rally

Reuters
A person waits on the Wall Street subway platform in the Financial District of Manhattan, New York City, U.S., August 20, 2021. REUTERS/Andrew Kelly NEW YORK, Nov 5 (Reuters) – Rising valuations and hefty year-to-date gains for big technology stocks are pushing some investors to diversify away from the sector......

U.S. Senate bill would limit big tech mergers

Reuters
WASHINGTON, Nov 5 (Reuters) – Two U.S. senators have introduced bipartisan legislation that seeks to make it harder for Amazon.com (AMZN.O) and other tech giants to make acquisitions. The office of Senator Amy Klobuchar, a Democrat who chairs the Senate Judiciary Committee’s antitrust panel, said on Friday that she and......

Who’s building the metaverse? | Reuters

Reuters
Nov 1 (Reuters) – Facebook (FB.O) changed its name last week to Meta Platforms Inc to signal its focus on the metaverse, which it thinks will be the successor to the mobile internet. The metaverse broadly refers to the idea of a shared virtual platform that people can access through......

Facebook says it removed troll farm run by Nicaraguan government

Reuters
Woman holds smartphone with Facebook logo in front of a displayed Facebook’s new rebrand logo Meta in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Nov 1 (Reuters) – Facebook (FB.O) said on Monday that last month it removed a troll farm with more than 1,000 Facebook and......

G20 leaders endorse global minimum corporate tax deal for 2023 start

Reuters
ROME, Oct 30 (Reuters) – Leaders of the world’s 20 biggest economies (G20) will endorse an OECD deal on a global minimum corporate tax of 15%, draft conclusions of the two-day G20 summit showed on Saturday, with a view to have the rules in force in 2023. “We call on......

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