Who is that new face in the big tech C-Suite? Oh, don’t worry, just some regulator from Europe. Kim Davis on August 23, 2024 It’s high time big tech resigned itself to the new reality. When it’s making decisions about its own operations and strategy, European regulators have a seat at the table — … Continue reading European regulators have a seat at the table
July 18, 2024 Some G20 financial regulators are overlooking biodiversity loss and deforestation Regulators who have assessed nature-related risks found that biodiversity and nature loss could result in credit losses, defaults, and abrupt price corrections that pose financial risks to banks and other institutions. BY Reuters Financial regulators and supervisors in some G20 countries are overlooking … Continue reading Some G20 financial regulators are overlooking biodiversity loss and deforestation
April 26, 2024 Shein is shining so bright in Europe that regulators want to keep a closer eye on it The fast-fashion retailer was just designated a Very Large Online Platform, or VLOP, which subjects it to stricter EU rules. Here’s what that means. BY Tracy Brown Hamilton A substantial European user base—surpassing 108 million monthly users—has put … Continue reading Shein is shining so bright in Europe that regulators want to keep a closer eye on it
April 23, 2024 The pandemic made Earned Wage Access apps popular. Regulators want to rein in the fees Many of these apps charge monthly subscription fees, and most charge mandatory fees for instant transfers of funds. BY Associated Press When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in … Continue reading The pandemic made Earned Wage Access apps popular. Regulators want to rein in the fees
By Leila Frankina February 08, 2024 When Amazon announced last week that it was backing off a bid to purchase Roomba-maker iRobot, the two companies cited a familiar refrain: “Amazon’s proposed acquisition of iRobot has no path to regulatory approval in the European Union,” read a statement from iRobot. That the EU was scrutinizing … Continue reading Why EU regulators can rein in Big Tech, and the U.S. can’t
Microsoft officially owns Activision Blizzard, ending a 21-month battle with regulators The blockbuster $68.7 billion deal has finally closed after the companies cleared antitrust hurdles. Kris Holt Fri, Oct 13, 2023 NurPhoto via Getty Images The biggest acquisition in gaming history and one of the largest in the tech industry is in the books. … Continue reading Microsoft officially owns Activision Blizzard, ending a 21-month battle with regulators
By Associated Press July 07, 2023 Chinese regulators are fining Ant Group 7.123 billion yuan ($985 million), claiming the financial technology provider violated laws related to corporate governance and consumer rights. The People’s Bank of China imposed the fine on Friday. “We will comply with the terms of the penalty in all earnestness and … Continue reading Ant Group, Jack Ma-founded fintech giant, gets fined almost $1 billion by China regulators
Concerns about GDPR compliance might extend to other AI solutions too. Kim Davis on April 3, 2023 On Friday, Italian regulators imposed a ban on generative AI tool ChatGPT with immediate effect while giving its creator, OpenAI, 20 days to address concerns about the way data is collected and processed under penalty of a fine … Continue reading ChatGPT under threat from European regulators
By Chris Stokel-Walker March 28, 2023 Apple will now offer a buy now, pay later (BNPL) option for customers shopping with a retailer that accepts Apple Pay. Under the new arrangement, which was announced Tuesday, iPhone and iPad users can take out short-term loans with Apple of between $50 and $1,000, which must … Continue reading Experts say Apple’s move into buy now, pay later is likely to catch on with customers—and bring out the regulators
Robinhood lays off almost a quarter of its staff The company cut nine percent of its workforce earlier this year. I. Bonifacic @igorbonifacic Andrew Kelly / reuters For the second time this year, Robinhood is cutting its headcount. On Tuesday, the company announced it would lay off 23 percent of its workforce. According to … Continue reading New York regulators slap Robinhood’s crypto business with $30 million fine
