regulation
San Francisco (AFP) - Ayman Chaudhary turned her love for reading into a living on TikTok, posting video snippets about books like those banned in schools in ultra-conservative parts of the United States. Now the online platform she relies on to support her family is poised to be banned in what entrepreneurs using TikTok condemn as an attack on their livelihoods. "It's so essential to small businesses and creators; it's my full-time job," the 23-year-old Chicago resident told AFP. "It makes me really worried that I live in a country that would pass bans like these instead of focusing on what's...
AFP
San Francisco (AFP) - Elon Musk on Friday came out against banning TikTok in the United States, even if it would mean less competition for his social media platform X, formerly Twitter, as the initiative sees fresh bipartisan momentum in Congress. The US House of Representatives is set to vote on Saturday on a bill that would force TikTok to divest from Chinese parent company ByteDance or face a nationwide ban. The measure, which has the vocal backing by many Democrats and Republicans, has also been written into a massive aid package for Ukraine, Israel and Taiwan, which could ease its passage...
AFP
San Francisco (AFP) - Google on Friday said it is testing removing links to California news sites for some users in the western US state as legislators mull making the online search giant pay for connecting people to news. The Silicon Valley tech firm is preparing for the possible passage of the California Journalism Preservation Act (CJPA) that would create a "link tax" for connecting users in the state to news articles, Google Global News Partnerships vice president Jaffer Zaidi said in a blog post. The CJPA was passed by the California Assembly in June of last year, and is currently being c...
AFP
Brussels (Belgium) (AFP) - The EU on Monday hit Apple, Google parent Alphabet and Meta with the first ever probes under a mammoth digital law, which could lead to big fines against the US giants. Among six firms named as market "gatekeepers" under the EU's landmark Digital Markets Act -- along with Amazon, TikTok owner ByteDance and Microsoft -- the companies have been obliged to comply with the new law since March 7. "We are not convinced that the solutions by Alphabet, Apple and Meta respect their obligations for a fairer and more open digital space for European citizens and businesses," sai...
AFP
Washington (AFP) - Apple reversed course on Friday and will allow Epic Games to develop a competing European app store for iPhones after a feud between the two companies tested a new law governing big tech on the continent. "Following conversations with Epic, they have committed to follow the rules, including our DMA policies," an Apple spokesperson said in an email to AFP. "As a result, Epic Sweden AB has been permitted to re-sign the developer agreement and accepted into the Apple Developer Program," the spokesperson added. Apple was referring to the Digital Markets Act, a landmark European ...
AFP
Las Vegas (AFP) - Xiaoyu Fan smiled as she looked around a bustling China Pavilion at the Consumer Electronics Show Wednesday as gadgets like bladeless fans were displayed and deals were being made. Hundreds of Chinese companies were at the annual CES gadget extravaganza, shrugging off US-China political trade tensions and focusing on taking care of business. "I believe all the people in each country are very good, the civilization of each country is very nice, very friendly," said Fan, who was with the Zhejiang Crossbow Brand Electric Appliance Company from Wuyi, China. "We don't care about t...
AFP
New York (AFP) - Large US banks railed against new proposed capital requirements at a congressional hearing on Wednesday, joining Senate Republicans in casting the measures as crimping loans to everyday Americans. "This rule will make services so uneconomical, you will likely see two outcomes: many banks will simply stop offering certain products and services, and those that do will have to charge more for them just to make it worth the service," said JPMorgan Chase Chief Executive Jamie Dimon. The proposal, the Basel III Endgame rule developed in concert with international standards in respon...
AFP
San Francisco (AFP) - A federal judge on Thursday temporarily blocked a ban on TikTok set to come into effect next year in Montana, saying the popular video sharing app was likely to win its pending legal challenge. US District Court Judge Donald Molloy placed the injunction on the ban until the case, originally filed by TikTok in May, has been ruled on its merits. Molloy deemed it likely TikTok and its users will win, since it appeared the Montana law not only violates free speech rights but runs counter to the fact that foreign policy matters are the exclusive domain of the federal governmen...
AFP
Washington (AFP) - Binance chief executive Changpeng Zhao pleaded guilty Tuesday to US money laundering violations, in a deal that will see the cryptocurrency exchange he founded pay over $4 billion in penalties. "Binance became the world's largest cryptocurrency exchange in part because of the crimes it committed –- now it is paying one of the largest corporate penalties in US history," Attorney General Merrick Garland said in a statement. Binance's guilty plea is part of coordinated action including with the Treasury Department's Financial Crimes Enforcement Network and Office of Foreign Ass...
AFP
Brussels (AFP) - The EU announced investigations on Thursday into YouTube and TikTok to find out what action the US and Chinese-owned platforms are taking to ensure the safety of minors. The European Commission said it had sent formal requests for information to TikTok and YouTube respectively, the first step in procedures launched under the EU's new law on digital content. The EU's executive arm said it wanted to know what measures the video-sharing platforms have taken to comply with the Digital Services Act (DSA), especially regarding the risks posed to children's mental and physical health...
AFP
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