FCA urges Big Tech to crack down on fraud amid rise in unauthorised firms February 8, 2024 The Financial Conduct Authority (FCA) has launched a fresh call for social media firms to do more to prevent mass fraud on their platforms, City A.M. can reveal.
Online Safety Bill: UK tech superpower dreams could be crushed by over-regulation August 24, 2023 New rules in the European Union’s Digital Services Act (DSA) are set to come into force tomorrow, while the UK’s Online Safety Bill (OSB) remains mired in parliamentary proceedings, reigniting the regulation debate among tech companies and industry experts. The OSB, which aims to enhance online safety and security for users within the UK, is [...]
Meta funds anti-TikTok campaign as Chinese tech firm threatens popularity March 31, 2022 TikTok has said it is “deeply concerned” by reports that Facebook’s parent company Meta paid for a campaign to promote negative coverage of the Chinese tech platform. As first reported by The Washington Post, Meta hired a “right of center” marketing firm Targeted Victory to lead a campaign about its biggest rival. This included placing [...]
LME: Hong Kong owners pledge to ‘strengthen its stewardship’ of the industry after nickel crisis October 9, 2023 The LME will ramp up its oversight of the market following last year's nickel crisis, the boss of its parent company has pledged.
Amazon hit with ‘biggest ever’ UK class action in £1bn legal case June 6, 2024 The 'biggest ever' class action will be filed to a London Tribunal against Amazon over allegation it has illegally misused data and manipulated its Buy Box
Whistleblower Frances Haugen: Don’t let Facebook tell us how to solve the Meta problem May 20, 2022 Facebook whistleblower Frances Haugen said governments across the world have become "dependent on Facebook telling them how to solve Facebook's problems", leading to a lack of focus on actually achieving true transparency in legislation.
Strong performance on price of Bitcoin after stablecoins recover peg and staked Ether withdrawals near March 20, 2023 Data from CryptoCompare shows that the price of Bitcoin surged from around $22,000 at the beginning of last week to now change hands above the $28,000, with the cryptocurrency market having outperformed other assets over the last few days. Ethereum’s Ether, the second-largest cryptocurrency by market cap, moved similarly to BTC, jumping from around $1,580 [...]
LinkedIn latest tech giant to axe jobs blaming ‘drop in demand’ May 9, 2023 LinkedIn is culling over 700 jobs and closing its local app in China, blaming a slump in consumer demand and turbulent market conditions. In an email to LinkedIn employees, Ryan Roslanksy, LinkedIn chief executive. said the changes would be made in order to shake up the business, which is being hit by slower revenue growth. [...]
New Online Safety Bill sparks privacy and national security concerns among public July 4, 2023 The draft Online Safety Bill (OSB) has sparked security and online privacy concerns according to a new survey – although Ofcom has brushed off the scrutiny. Under the new OSB, which is in its final stages of passing through parliament, authorities could force communication providers like WhatsApp to scan online messages sent in the UK [...]
Explainer: Rishi Sunak’s fight against the fraudsters robbing Britain May 3, 2023 Fraud is now the most common crime in Britain. Whether it’s done via call, text or online, it constitutes 41 per cent of all offences committed. We used to think fraud was a danger purely for older and vulnerable people, until we all started falling for it. Criminals have become so skilled at impersonating banks, [...]