Interactive Brokers founder Thomas Peterffy says he is worried about the higher interest rates coming soon from a Federal Reserve behind the curve on inflation.  “I am worried about high interest rates because the Fed is talking about raising rates to 1% or even 2%. Inflation is 7% — 1% or 2% doesn’t mean anything. If they really wanted to stop inflation, they would have to raise rates to 4%, 5%, 6%,” Peterffy said on Yahoo Finance Live. Peterffy thinks the Fed wouldn’t go that high on… Source link

As the legal uncertainty in Europe clouding use of US cloud services cranks up, Google has responded by firing up its lobbying engines to call for US and European lawmakers to get a move on and come up a new rubberstamp to grease transatlantic data flows as usual as the bloc’s regulators finally start to find their banhammers. Last week, Austria’s data protection authority decided that a local website’s use of Google Analytics to have breached the bloc’s General Data Protection… Source link

MOSCOW, RUSSIA and AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / January 19, 2022 / Yandex (NASDAQ:YNDX and MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that it has reached a settlement with the Federal Antimonopoly Service of Russia (FAS) and a consortium of Russian Internet companies in connection with an antitrust claim brought against Yandex. The claim related to allegations of abuse of market… Source link

European businesses face uncertainty over the use of a popular analytics tool from Google after a regulator found it breached privacy laws, the latest salvo by the European Union against big U.S. tech companies. The ruling from Austria’s data-protection regulator, published last week, could upend business practices for companies across Europe as regulators in the 27 EU countries are also preparing legislation on social-media content. Lawmakers are set to vote this week on a draft of the… Source link

Yandex Announces Settlement of Anti-Monopoly Claims   Moscow, Amsterdam, January 19, 2022 – Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that it has reached a settlement with the Federal Antimonopoly Service of Russia (FAS) and a consortium of Russian Internet companies in connection with an antitrust claim brought against Yandex. The claim related to allegations of abuse of market… Source link

In the new war for gaming assets that has descended on the tech industry in part due to splashy deals by Microsoft and Take-Two Interactive this year, the ball is now squarely in the court of Meta (aka Facebook) to make a move to support its metaverse ambitions.  “Facebook I think has a strong on-ramp with the Oculus with the metaverse. The challenge — and this is due diligence from my kids — they need for games and more content. I wouldn’t be surprised if Facebook went on to do some… Source link

Because Google could access data in plain text, the data wasn’t protected from potential surveillance, the body’s decision says. “This transfer was found to be unlawful because there was no adequate level of protection for the personal data transferred,” says Matthias Schmidl, the deputy head of the Austrian data regulator. He adds that website operators cannot use Google Analytics and be in line with GDPR. At the moment, the decision applies only in Austria and isn’t final…. Source link

And this is just the beginning. When noyb filed the complaint against NetDoktor in August 2020, it also filed 100 other cases with other data protection authorities across Europe. “It’s not specific to Google Analytics. It’s basically about outsourcing to US providers in general,” Schrems says. Regulators in 30 European countries are currently investigating the other cases, which cover both the use of Google Analytics and Facebook Connect, the company’s tool to link your account to… Source link

Carry1st, a South African publisher of social games and interactive content across Africa, has raised a $20 million Series A extension led by Andreessen Horowitz (a16z). This is a16z’s first investment in an Africa-headquartered company (the firm has previously invested in Branch and Zipline, companies with some of its operations in Africa but headquartered in the U.S). Carry1st also received investments from Avenir and Google; it’s the latter’s second check from its Africa… Source link

The White House plans to restart negotiations on its $2 trillion spending bill, just days after pivoting to a long shot push for voting rights reform and two weeks after key moderate Sen. Joe Manchin (D-WV) abandoned talks on the spending measure, Reuters reported on Tuesday. In a new interview, U.S. Secretary of Commerce Gina Raimondo expressed certainty that the bill, known as Build Back Better, would succeed but acknowledged that the final version would “look different” from the expansive… Source link