UK
UK fines Facebook $70 million for breaching order in Giphy deal
Britain’s competition regulator has fined Facebook GBP 50.5 million (approximately $69.6 million) for breaching an order imposed during its investigation into the social medi...
Comcast, Walmart team up to sell smart TVs with the media firm’s software
Comcast Corp has launched smart TVs that run on its operating system and will be sold in the US at Walmart Inc stores and in the coming weeks at the retailer’s website, the m...
UK FinTech Zopa hits $1 billion valuation with SoftBank investment
British digital bank Zopa has raised $300 million from investors including SoftBank Group, it has said, as the lender looks to expand its business ahead of a possible listing as so...
London’s newest online grocery delivery app comes from Russia with love
Russia’s biggest internet company dispatched its yellow-shirted moped riders to deliver groceries across London, the latest newcomer to launch in a crowded sector that is for...
G7 finance officials endorse principles for central bank digital currencies
G7 finance officials have endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of law and sound...
After G20 endorses tax deal, Italy says its digital levy could stay for two more years
G20 finance leaders have endorsed a global tax deal that calls for the elimination of unilateral digital services taxes, but Italy’s economy minister said it may take up to t...
Sources: EU to investigate Nvidia’s $54 billion ARM bid
Nvidia’s $54 billion bid for UK chip designer ARM is expected to face an extended EU antitrust investigation after concessions offered last week failed to address competition...
Billionaire Alibaba founder Jack Ma in Hong Kong?
Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent ...
FTC must ensure tech companies uphold youth online privacy
Three US Democratic lawmakers have urged the FTC to ensure technology companies like Facebook, YouTube and TikTok comply with policy changes aimed protecting young people online.
Crypto exchange Binance says Ireland is part of its HQ plans
Major cryptocurrency exchange Binance sees Ireland as part of its plans to establish a number of headquarters across the world, its Chief Executive Officer has told journalists.
Nvidia offers EU concessions over $54 billion Arm deal
Nvidia has offered concessions in a bid to secure EU antitrust approval for its $54 billion acquisition of UK-based chip designer Arm, a European Commission filing showed.
British regulator demands video platforms do more to protect users
Popular video sharing platforms such as TikTok, Snapchat and OnlyFans, need to provide clear rules on content, allow users to flag harmful videos, and restrict access to pornograph...
Binance trading volumes soar despite regulatory crackdown
Trading volumes at major cryptocurrency exchange Binance soared between July and September, suggesting a recent crackdown by regulators across the globe has had little impact on th...
New money: Central banks lay out operating manual for digital cash
A group of central banks sketched out a potential operating manual for digital cash on Thursday as they aim to strike a balance between keeping up with cryptocurrencies and concern...