Tensions rise between banks and tech companies over online fraud liability in the UK – CNBC
Meta is facing calls from UK banks and payments companies such as Revolut to provide financial compensation to people who have been defrauded by its services. Jaap Ariens | Nurphoto (via Getty Images) Tensions are rising between Britain's banking and payments companies and social media companies over who will be liable for compensation if you […]
Hillary Clinton says social media companies need to moderate content or ‘we lose total control’
Former Secretary of State Hillary Clinton said Saturday that social media companies must moderate the content on their platforms or they “lose complete control.” Clinton told CNN host Michael Smerconish that while some steps have been taken at the state level to regulate social media, she would like to see the federal government do more […]
US bans steel, artificial sweetener imports from Chinese companies over forced labor allegations
The Department of Homeland Security (DHS) announced Wednesday that it will no longer import steel and artificial sweeteners from two China-based companies due to allegations of forced labor. DHS lists Baowu Group Xinjiang Bayi Steel Co., Ltd. and Changzhou Guanghui Food Raw Materials Co., Ltd., which are accused of using forced labor to sell products […]
Here’s why companies are rapidly firing Gen Z employees
A new survey finds that many companies are firing Gen Z workers just months after hiring them, and several employers say they are hesitant to hire new graduates due to concerns about their work ethic, communication skills and job readiness. According to a survey conducted by Intelligent.com, six in ten employers said they have already […]
Trump to lay out his plan for drawing foreign companies to the US
America is open for business. Former President Donald Trump is expected to say this during a campaign speech in Georgia later Tuesday, in which he will offer foreign companies a “deal” they can't refuse to do business in the United States. During his speech in Savannah, the 45th President would offer companies that manufacture in […]
Amazon, Tesla and Meta among world’s top companies undermining democracy – report | Business
Some of the world's largest companies have been accused of undermining democracy around the world by funding far-right political movements, financing and exacerbating the climate crisis, and violating trade union and human rights, according to a report released on Monday by the International Trade Union Confederation (ITUC). (ITUC). The report includes companies such as Amazon, […]
Biden-Harris FTC Accuses Major Healthcare Companies Of Artificially Inflating Drug Prices In New Lawsuit
The Federal Trade Commission (FTC) on Friday filed lawsuits against three major prescription drug benefit managers (PBMs) and their affiliates, alleging they engaged in a scheme to artificially inflate the price of insulin drugs. The complaint targets the “Big Three” — Cigna's ESI, CVS Health's Caremark and UnitedHealth Group's Optum — and their affiliated group […]
Conservative boycotts are forcing major companies to abandon LGBTQ rating, and activists are outraged
A growing number of major companies have been forced to stop implementing left-leaning LGBTQ ratings due to threats of boycotts and lawsuits from conservatives, infuriating activists who say they are letting bullies win. This movement is Documented The Associated Press report cited recent examples of major companies such as Harley-Davidson, Ford Motor Company and Lowe's […]
DEVON WESTHILL: Companies Are Getting Back To Business And Away From DEI
Traditional American companies like John Deere, Harley Davidson and Tractor Supply Co. are finally starting to reevaluate their diversity, equity, and inclusion (DEI) efforts as they realize that their consumers, many of whom come from rural, Midwestern, and working-class communities, don't care about the DEI practices of the corporate elite — all they want is […]
Australia moves to fine social media companies that spread misinformation up to 5% of global revenue
The Australian government has threatened to impose fines of up to 5% of global revenue on online platforms that fail to prevent the spread of misinformation, joining a global movement to crack down on tech giants such as Facebook and X. The bill introduced on Thursday would require tech platforms to set up a code […]