In a significant development, a group of 50 investors managing with more than $4.5 trillion in assets in total, have called on companies which are involved in the development and use of facial recognition technology, to do so in an ethical manner. The investor group, led by asset manager Candriam said, given the lack of…
In a significant development, the European Union government and parliament negotiators have reached a landmark deal which defines rules to force large multinational companies to disclose the quantum of revenue they generate in the country and pay tax accordingly in the 27-nation bloc. The new law, which was proposed by the European Commission in 2016,…
In a significant development two tech trade groups have filed a lawsuit against Florida over a new legislation that fines social media companies that ban political candidates, saying it violates free speech rights. The lawsuit states that the bill signed into law by Florida Governor Ron DeSantis earlier this week on Monday, was unconstitutional. It…
On Wednesday, in a significant development Britain said, it plans on unveil a new law which will fine social media companies up to 10% of their global turnover of 18 million pounds ($25 million), if they fail to remove online abuses such as racist hate crimes; the law will also see senior managers face criminal…
In a significant development that spells fresh bout of legal trouble for social media companies, Russian authorities are suing have launched a complaint against five social media platforms for allegedly failing to delete posts urging children to take part in illegal protests. Russian authorities have filed cases against Facebook, Twitter, Google, Telegram and Tiktok for…
In a significant development, Facebook Inc’s WhatsApp said, it will goo ahead with its controversial privacy policy update which allows users to read it at “their own pace”; following the update WhatsApp will display a banner providing additional information. Earlier this year in January, WhatsApp had laid out fresh terms aimed at increasing business transactions…
On Friday, in a world first Google launched a paid news platform in Australia after it struck content deals with publishers in a move aimed at complying with Canberra’s new legislation. Initially the News Showcase platform was slated for launch in June 2020, but Google delayed launching plans following Australia passing a new legislation which…
With users migrating to other messaging platforms following privacy concerns stemming from Facebook Inc’s WhatsApp update, Facebook said, it will delay the update. WhatsApp users are concerned that the Facebook owned messaging app is watering down its privacy policy in the update. Earlier this month, WhatsApp notified users through a notification that it was preparing…
Social media companies operating in Britain, including Twitter, Facebook, and TikTok could face fines up to 10% of their respective turnover if they fail to remove and limit the spread of illegal content under laws proposed by Britain on Tuesday. In a statement the British government said, social media platforms will need to do more…
In a statement, France’s Finance Ministry said, it has sent out notices to big tech companies to pay digital service tax as planned earlier. Earlier France had suspended collection of the digital service tax, since negotiations were underway at the Organisation for Economic Cooperation and Development (OECD) on an overhaul of international tax rules. The…
