Microsoft’s President Says AI Needs Human Control
Microsoft President and Vice Chairman Brad Smith, while talking to the media, said that people should curb artificial intelligence, because it can become a weapon.
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SEC Accuses Wells Fargo of Overcharging Nearly 11,000 Investment Accounts With Advisory Fees
The Securities and Exchange Commission on Friday, August 25, reported that Wells Fargo has for many years used the practice of illegally overcharging almost 11,000 investment advisory accounts in the amount of about $27 million.
TD Bank Cooperates With Regulators on Anti-Money Laundering Issues
TD Bank announced cooperation with regulators and law enforcement agencies in the framework of the proceedings concerning the lender’s compliance with the provisions of the normative base defining the legal principles of combating money laundering.
China Fines US Firm Mintz Group
China has fined the American company Mintz Group, which specializes in corporate legal expertise.
China Aims to Expand Government Control To Metaverse
China is reportedly looking to implement a system with digital IDs and real-world punishments for actions in the Metaverse
New York City Bans TikTok on Government Devices
New York last Wednesday, August 16, decided to ban the use of the TikTok app on government devices.
China’s Internet Regulator Discusses New Data-Security Rules With Foreign Firms
The Chinese Internet regulator is discussing options for applying new data security rules with foreign companies, including Walmart.
Intel Abandons Its Attempt to Acquire Tower Semiconductor
Intel Corporation announced the termination of attempts to acquire the Israeli company Tower Semiconductor.
UBS to Pay Over $1 Billion to Settle Fraud Claims
It became known that the Swiss bank UBS agreed to pay $ 1.4 billion as part of the settlement of claims of involvement in fraudulent activities in the United States, which became a kind of premise of the financial crisis that broke out in 2008.
Google’s Ad Revenue Model Faces Challenges in India
The Delhi High Court ruled that Google’s advertising program falls within the legal scope of the Indian Trademark Law.
SoftBank Sues IRL
Japanese SoftBank Corporation sues social app IRL, for the development of which it has allocated investment funds in the amount of $1.1 billion.
Kenya to Suspend Sam Altman’s Worldcoin
The Kenyan government is concerned about Worldcoin, the cryptocurrency of OpenAI founder Sam Altman.
Google’s Dominance Triggers Antitrust Crackdown by South Africa’s Watchdog
The dominance of Google in the area of Internet search has caused harsh measures by the antimonopoly authority of South Africa.
Why Sustainability and Ethical Marketing Is Important
In today’s rapidly evolving business landscape, sustainability and ethical marketing have emerged as critical drivers for companies aiming to make a positive impact on society and the environment. As consumers become more conscious of the consequences of their purchasing decisions, businesses are recognizing the significance of adopting sustainable practices and promoting their products and services […]
Amazon Offers Up Marketplace Rule Change to Solve UK Antitrust Issues
Amazon agreed to the proposal to change the mechanism for processing information about competitors’ sales and introduce the practice of equal interaction with all sellers operating on the virtual platform of the e-commerce giant in the UK.
Federal Reserve Fines UBS
The Federal Reserve System last Monday, July 24, announced the application of sanctions in the form of fines against UBS due to the practice of committing misconduct by Credit Suisse in risk management of Archegos Capital Management, an investment fund that declared bankruptcy in 2021.
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