Tesla’s alleged unintended acceleration petition filed by short seller

In a statement, Tesla Inc responded to the National Highway Traffic Safety Administration (NHTSA) statement saying there was no unintended acceleration in its vehicles. The development comes in the wake of the U.S. regulator saying it would review a petition and release a redacted version of a complaint which alleged that 500,000 “Tesla vehicles experience…

France’s 5G spectrum auction to have a base price of $2.4 billion: Junior Economy Minister Agnès Pannier-Runacher

Frances’s 5G spectrum is slated to be sold with a base price of $2.4 billion (2.17 billion euros) – an amount that is significantly more than the figure that was previously recommended by the country’s telecoms regulator Arcep. Earlier last week, wary of heavy investments that will be required for deploying 5G technology, Arcep’s president…

Japan leading effort to develop cryptocurrency equivalent of SWIFT network

This is a milestone in the practical implementation of cryptocurrency, which is slated to be the future of money. On Thursday, in a significant development, the government of Japan stated, it is leading a global push to install an international network for cryptocurrency payments, just like the SWIFT network used by banks. The effort is…

Facebook approaches settlement with the FTC over consumer data data breach violations

The focus of the FTC’s investigation into Facebook’s data breach was whether the sharing of personal data of 87 million users with British political consulting firm Cambridge Analytica violated its 2011 agreement with the FTC wherein it had pledged to safeguard user’s privacy. As per a report from the Wall Street Journal citing sources familiar…

France’s competition regulator orders review of Google’s Advertisement policies

According to Google, the issue revolves around Amadeus charging consumers for services that are available for free, or for a nominal charge; this practice is against its internal policies which prohibit ads for services that can be obtained for free or at a lower price from the government or another public source. In a significant…