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The EU Commission decides that iMessage, Bing, Edge, and Microsoft Advertising are not gatekeeper services
Feb 13,2024
The European Commission has announced that Apple's iMessage, along with Microsoft's Edge browser, Bing search engine, and advertising business, will not be considered as 'core platform services' under the European Union's Digital Markets Act (DMA). T...
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Germany announces E1.75 Billion in funding to help high-tech growth
Feb 09,2024
The German government has announced plans to provide E1.75 billion in funding to support local tech start-ups. The funds will be directed towards start-ups in sectors such as AI, climate, quantum, and biotechnology, with the goal of strengthening Ger...
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Eu to consider digital ecosystems and free services in big tech antitrust investigations
Feb 09,2024
EU antitrust regulators will now consider digital ecosystems and the impact of free products or services when investigating Big Tech's merger deals or market power, according to EU competition chief Margrethe Vestager. The Market Definition Notice, w...
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WhatsApp-enabled ChatWallet facilitates financial inclusion in South Africa
Feb 08,2024
Absa Bank, a member of the South African financial institution Absa Group, introduced the digital wallet ChatWallet to improve financial access in the country. With the backing of the leading financial institution in the country, ChatWallet is design...
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Microsoft collaborates with news organisations to drive AI innovation in newsrooms
Feb 06,2024
Microsoft is making strategic strides in the media landscape by collaborating with Semafor, a media startup, to leverage AI chatbots for news story development. The big tech company is allegedly investing a substantial amount in sponsoring Semafor's ...
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South Korea's financial supervisory service in talks with the US SEC
Feb 05,2024
Head of South Korea's Financial Supervisory Service (FSS), Lee Bok-hyun, has announced plans to maintain ongoing discussions with the US Securities and Exchange Commission (US SEC) to address crypto regulation. The focus of these discussions will be ...
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Social media: from digital town hall to coffee house
Feb 03,2024
According to the Economist, the world of social media platforms is undergoing a significant transformation,with video content taking the spotlight and personal sharing and posting on the decline.TikTok, a popular Chinese-owned short-video app, has pl...
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The rise of amateur news anchors on TikTok
Feb 01,2024
Amateur news anchors on TikTok are becoming increasingly popular, with some even surpassing established news outlets in terms of followers. These individuals deliver news in a concise and engaging format, often adding their own commentary and caricat...
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Dutch DPA fines Uber E10 million for privacy violations
Jan 31,2024
The Dutch Data Protection Authority (DPA) fined Uber Technologies E10 million for failing to disclose detailed information about how long it retains data related to the EU drivers and for not disclosing the names of countries outside the EEA where it...
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Amazon and Roomba iRobot maker cancel $1.4 billion deal
Jan 29,2024
Amazon and Roomba iRobot agreed to terminate their pending acquisition after facing opposition from the EU antitrust regulators. Essentially, the two companies announced the acquisition in August 2022, under which Amazon would have acquired iRobot. T...
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Declining crypto tax revenue in Indonesia
Jan 24,2024
The Ministry of Finance in Indonesia has revealed that the country's tax revenue from cryptocurrency transactions in 2023 stood at$31.7 million, marking a steep 62% decline compared to the partial collection period in 2022 when the tax regime was int...
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India
Jan 16,2024
India's Central Bank, the Reserve Bank of India (RBI), has released a preliminary framework for self-regulatory organizations (SRO) specifically targeting the fintech industry. The primary objective of these guidelines is to enable the emerging secto...
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