The anti-monopoly regulation unit of the Eurasian Economic Commission has completed an investigation into Russian internet search engine Yandex, reports Vedomosti. The investigation looked at potential abuse of the company’s dominant position in the internet search advertising market. Source link
Read More »Google faces a fine of up to 20% of Russian revenue this month
The logo of Russia’s state communications regulator, Roskomnadzor, is reflected in a laptop screen showing Google start page. May 27, 2021. REUTERS/Maxim Shemetov MOSCOW, Oct 19 (Reuters) – Russia said on Tuesday it would this month seek to fine U.S. tech giant Google a percentage of its annual Russian turnover for repeatedly failing to delete content deemed illegal, Moscow’s strongest effort yet to rein in foreign tech firms. Communications regulator Roskomnadzor said Google had failed to pay… Source link
Read More »Facebook stock faces ‘serious problems’ from whistleblower: Analyst
Following Facebook (FB) whistleblower Frances Haugen’s testimony before the Senate Commerce Subcommittee on Consumer Protection and an outage that prevented users from accessing services, the company’s shares began trading around 3% lower from the previous week on Wednesday. According to Fitz-Gerald Group Chief Investment Officer Keith Fitz-Gerald, however, Facebook stock might not be as resilient as it has been amid other controversies. “[Fitz-Gerald Group is] very keen to invest in… Source link
Read More »Amazon faces new antitrust claims from DC attorney general
Amazon (AMZN) is facing expanded antitrust claims in an amended lawsuit originally brought against the e-commerce giant in May by the Attorney General for the District of Columbia. The original suit, filed in May, accused Amazon of illegally abusing its monopoly power and violating the District of Columbia Antitrust Act by forbidding third-party sellers from offering cheaper rates for their products on competing websites. In the amended suit, Washington, DC Attorney General Karl Racine adds… Source link
Read More »Google Play Store Faces Lawsuit From More Than 30 States : NPR
A coalition of more than 30 states on Wednesday sued Google for allegedly abusing its power it has over developers through its Google Play store on Google devices, like Androids. SOPA Images/SOPA Images/LightRocket via Gett hide caption toggle caption … Source link
Read More »Google faces new antitrust lawsuit over Google Play Store fees
On Wednesday, a coalition of state attorneys general launched a new antitrust lawsuit against Google, accusing the search giant of abusing its control of the Android app store, as reported by Bloomberg. The lawsuit, filed by 36 states and Washington, DC, in California federal court, challenges Google’s policy forcing Google Play app developers to pay a 30 percent commission fee on sales made through the app. Google recently expanded the fees to cover more digital goods purchased on the… Source link
Read More »US faces COVID-19 ‘pandemic within a pandemic’ as Delta variant rises
The Delta variant of COVID-19, which originated in India, is the latest challenge the world is facing as key regions struggle to contain the coronavirus pandemic. The strain is significantly more contagious than any other that’s appeared so far, scientists say. It has raised concerns over whether or not the vaccines currently available are effective enough to counter its spread. Delta now accounts for roughly 30% of cases in the U.S., where 57.2% of adults are fully vaccinated and 66.2% have… Source link
Read More »Stock market faces two big headwinds: Goldman Sachs
Goldman Sachs’ closely watched chief U.S. equity strategist David Kostin isn’t ruling out more upside for the stock market into year end, but he does acknowledge gains will be tougher to generate. “You’ve got two big headwinds facing the market in the next six months that I think is likely to restrain the appreciation. The first issue is higher rates [interest]. The idea of higher rates is typically associated with some lower valuations,” Kostin said on Yahoo Finance Live. Kostin says the… Source link
Read More »Anthony Joshua faces Oleksandr Usyk on Sept. 25
With Tyson Fury out of the picture for now, Anthony Joshua has his next fight lined up. The WBA, IBF, WBO, and IBO heavyweight champion will face former unified cruiserweight champion Oleksandr Usyk on Sept. 25 in London, his promoter Eddie Hearn announced on Friday. Yahoo Sports’ Kevin Iole reported earlier this month that the two sides were planning for that date. Joshua was initially slated to face Fury, the WBC and lineal heavyweight champ, in a unification bout this summer, but a legal… Source link
Read More »DeepMind scientist calls for ethical AI as Google faces ongoing backlash
Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out. Raia Hadsell, a research scientist at Google DeepMind, believes “responsible AI is a job for all.” That was her thesis during a talk today at the virtual Lesbians Who Tech Pride Summit, where she dove into the issues currently plaguing the field and the actions she feels are required to ensure AI is ethically developed and deployed. “AI is going to change our world in the years to… Source link
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