Australia Abandons Plans to Fine Tech Firms for ‘Misinformation’
(AFP) – Australia has scrapped plans to fine social media companies if they fail to stop the spread of misinformation, the country's communications minister announced on Sunday. The proposed legislation provides sweeping powers for finetech companies to be fined up to 5% of their annual turnover if they breach new online safety obligations. Communications Minister […]
Biden administration adding dozens of Chinese firms to forced-labor blacklist
Biden administration Over 2 dozen added A Chinese company was added to a forced labor blacklist on Friday, in the latest effort to combat exploitation of China's Uyghur population. The Department of Homeland Security (DHS) has identified 29 companies in Xinjiang that are allegedly using forced labor from Uyghurs to produce products for industries ranging […]
Bob Iger’s Disney, entertainment firms resume X advertising
Bob Iger's Disney and other entertainment giants have reportedly resumed advertising spending on Elon Musk's X. It comes a year after the billionaire told companies fleeing social media platforms to “get rid of themselves.” Disney, Comcast, Lionsgate Entertainment and Warner Bros. Discovery spent about $3.3 million on X ad buys this year, according to data […]
BlackRock CEO Larry Fink on why the firm’s crushing it
Meb Farber, Founder and Chief Investment Officer of Cambria Investment Management, discusses how investors position their portfolios and provides new tax-aware tips on how to make money. Discuss ETFs. BlackRock went out of its way this week to remind investors why it is the world's largest asset manager, with a record $11.5 trillion under management. […]
Ukraine war briefing: US sanctions China firms over ‘complete attack drones made for Russia’ | Ukraine
The United States announced that First-ever sanctions against companies based in China “Direct development and Partnering with Russian company to produce complete weapon system' is used in Ukraine. sanctions are against the suspect drone production According to the U.S. Treasury Department, Russia has used it in the war against Ukraine. U.S. State Department spokesperson Matthew […]
NPR editor slams tech firms censoring Post’s Hunter Biden laptop
National Public Radio's public editor said he was “deeply displeased” that big tech companies were “censoring” the Post's coverage of Hunter Biden's laptop, but did not agree to cover the story. By refusing, he gave his own broadcasting station a free pass. Kelly McBride has served as NPR's ombudsman since 2020. told The Wrap Tech […]
Rise in employer national insurance is threat to jobs and pay rises, firms warn | Economics
UK employers have warned that a rise in employer national insurance contributions in the Budget could hit jobs, limit pay rises and hit businesses such as pubs, hotels and restaurants. Keir Starmer and Chancellor Rachel Reeves will introduce employer contributions in their Budget on October 30, as part of plans to plug what the government […]
Green energy firms promise more than £24bn of new investment in Britain | Energy industry
Leaders of the world's biggest green energy companies have pledged more than £24bn of new private investment across the UK ahead of a meeting with the Prime Minister on Friday. Keir Starmer will meet green energy chiefs on the sidelines of the first national and regional councils in Edinburgh, days before the government's international investment […]
Private firms ran almost all care homes forced to shut for breaches in England | Social care
Almost all care homes that close because they put children and vulnerable adults at risk turn a profit, according to a landmark study examining the long-term effects of outsourcing care to the private sector. It was revealed that it was run for the purpose of Research results published last week A University of Oxford study […]
House panel probes Labor Department’s leak of revised jobs data to Wall Street firms
A Republican-led House committee is seeking an explanation from the Labor Department over how the federal agency leaked revised employment data to several Wall Street firms last month before it was released to the public, The Washington Post has learned. The House Education and Labor Committee, chaired by Rep. Virginia Foxx (R-N.C.), sent a letter […]