Credit Suisse Loses Singapore Case Against Georgian Billionaire Ivanishvili

A Singapore court has ordered a unit of Credit Suisse Group AG to pay billionaire Bidzina Ivanishvili $926 million.

Science & Technology

OpenAI Launches Grant Program, Expands iOS App

OpenAI is ready to fund the development of proofs-of-concept that could establish democratic processes for overseeing AI, while its iOS app version expands to 45 more countries


Japan Tightens Crypto Rules

Already having one of the strictest cryptocurrency regulations in the world, Japan is going to introduce even stricter measures against money laundering in the crypto industry starting from 1 June 2023


Citizens Bank to Pay $9 Million Fine Over Credit Card Billing Errors

The Consumer Financial Protection Bureau (CFPB) and Citizens Financial Group were able to reach an agreement on the CFPB complaint.

Blockchain & Crypto

Hong Kong Securities Regulator Starts Accepting License Applications from Crypto Exchanges

Applications for crypto trading platform licenses in Hong Kong will start being accepted on June 1, as soon as existing guidelines are officially updated


Meta Hit With Landmark $1.3 Billion EU Privacy Fine

The Meta Platforms company in Europe was fined a record amount of $1.3 billion.

Blockchain & Crypto

Huobi Ordered to Close Operations in Malaysia

Securities Commission Malaysia (SCM) ordered the crypto exchange Huobi Global to stop operations in the country, stating the firm failed to register its business properly

Science & Technology

G7 Countries Seek Common Vision for AI

The leaders of the G7 countries intend to hold a negotiation process, following which a common vision of artificial intelligence will be formed and the goals of its development will be outlined.

Finance & Economics

Disney Scraps $867 Million Florida Plan

The Walt Disney Company has abandoned its intention to invest $867 million in the construction of a new corporate campus in the state of Florida.


TikTok Creators Sue Montana Over App Ban

A group of TikTok users filed a lawsuit to get the Montana state administration to cancel the blocking of this digital platform.

Science & Technology

FTC Says Biometric Surveillance Threatens Civil Rights

The Federal Trade Commission (FTC) has stated that the increased use of biometric data entails risks related to privacy, security, and discrimination.


Montana Bans TikTok

Montana Governor Greg Gianforte has signed into law the most stringent restrictions on TikTok in the United States.

Society & Lifestyle

Fertility App Fines $200,000 for Leaking Customer’s Health Data

The company that created the popular infertility treatment app Premom has announced to pay $200,000 in federal and state fines.

Science & Technology

Sam Altman Urges Congress to Regulate Powerful New Technology

On Tuesday, May 16, Sam Altman, Chief Executive Officer of OpenAI, told US senators about the aspects of the development and application of artificial intelligence, the regulation of which he supports.


Wells Fargo Reaches $1 Billion Settlement With Shareholders

Wells Fargo & Co has decided to pay $1 billion to settle the court agreement.


Microsoft’s $69 Billion Activision Deal Wins EU Approval

In the European Union, the regulator approved Microsoft’s corporation takeover of Activision Blizzard Inc.

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