FTC Fines Avast
Avast, a company specializing in developing cybersecurity software, has been fined $16.5 million by the US Federal Trade Commission (FTC).
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Apple Set to Face EU Fine
Apple is facing a fine of about €500 million from the European Union as part of an investigation into the possible application of illegal practices by the technology giant against its music streaming competitors, including Spotify Technology SA.
EU to Advance AI Act
As France and Germany withdrew their objections to the AI Act, the EU can proceed with the next steps required for implementing the regulation.
IMF Chief Says About Advantage of Late Fed Rate Cuts
The head of the International Monetary Fund, Kristalina Georgieva, said that the Federal Reserve and other major central banks face great risks if they decide to ease monetary policy too early.
Germany to Back EU AI Act
Germany intends to support the proposals of the European Union on the regulation of artificial intelligence after the Ministry of Transport and Digital Affairs abandoned its position of disagreement with the Law of this bloc of countries on AI.
How to Avoid Data Protection Fines in 2024: A GDPR-Centric Approach
In today’s digitally-driven world, particularly as we navigate through 2024, the significance of data protection is at an all-time high. With the enforcement of strict regulations like the General Data Protection Regulation (GDPR) in Europe, and similar legislations globally, businesses of all sizes are facing increased pressure to comply. Failing to do so can result in […]
Italy Claims OpenAI Breaks GDPR Laws
The Italian data protection authority (DPA) has concluded that OpenAI and its popular AI chatbot ChatGPT do not comply with the European Union GDPR provisions.
Fed Fines Chinese Bank ICBC
United States regulators have reported fines of about $32.4 million against the Industrial and Commercial Bank of China.
Apple Offers Rivals Access to Mobile Payment Tech
Apple has offered to provide competitors with the opportunity to access its contactless payment transaction technology and interact with this development.
Morgan Stanley to Pay $249.4 Million to Settle Block Trading Probe
Morgan Stanley has agreed to pay $249.4 million in financial liability for making false statements about block trading practices.
Hong Kong Proposes New Regulatory Regime for Stablecoin Issuers
In Hong Kong, local financial authorities have proposed to develop and implement new regulatory rules for issuers of stablecoins, which can be described as a reaction to ongoing changes in the sphere of virtual assets.
National Bank of Cambodia Partners IFC to Boost Green Finance
Cambodia’s transition towards a green economy requires a financing boost, with the National Bank of Cambodia and IFC joining efforts to support climate-friendly projects.
Apple to Resume Sale of Watches
Apple may resume selling its smartwatches, despite the import ban.
French Prosecutor’s Office Investigates BNP Paribas
In France, the prosecutor’s office is currently investigating alleged aggravated money laundering related to financial transfers made by a Cypriot brokerage company that interacted with the custodial unit BNP Paribas.
Swiss Finance Minister Says About Need for New Rules After Credit Suisse Crisis
Swiss Finance Minister Karin Keller-Sutter said that the purchase of Credit Suisse by the UBS Group was a less risky step, noting the need for the government of this country to take measures capable of providing a high level of protection to taxpayers in the event of a crisis in the banking sector.
China Softens Stance on Gaming
China approved 105 domestic games on Monday, December 25th.
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