DIRS.INFO The most relevant business & tech news

☆ Video of man driving over woman repeatedly reignites China's domestic violence debate
▼ + stars: | 2023-06-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

The wife had reportedly suffered years of domestic violence and was planning on a divorce, her family told state media outlet The Paper. “Given its prevalence, domestic violence is an issue everyone knows about, even if they have not encountered it themselves.”Volunteers in Ma Anshan city, Anhui province sign their names on a banner against domestic violence on December 14, 2011. TopPhoto/AP‘Family affair’In China, domestic violence has traditionally been regarded as a private family matter. The law defines domestic violence for the first time, covering both physical and psychological violence – though it fails to address sexual abuse such as marital rape. “Domestic violence allegations, even when they’re supported by evidence, make no difference – like judges just don’t care at all,” he said.

Persons: –, ”, Feng Yuan, Feng, …, Ethan Michelson, Michelson, they’re, it’s, “, Xi Jinping Organizations: Hong Kong CNN, Twitter, “, ” Volunteers, Ministry of Civil Affairs, Indiana University , Bloomington Locations: Hong Kong, China, Shandong, Dongying, Guangdong, Chengdu, –, Weibo, Beijing, Ma Anshan, Anhui, Michelson

☆ Transgender Influencer Speaks Out After Backlash Against Bud Light
▼ + stars: | 2023-06-29 | by ( John Yoon | ) www.nytimes.com time to read: 1 min

A transgender influencer whose social media promotion of Bud Light drew attacks from conservatives and a boycott of the brand spoke directly about the controversy for the first time on Thursday, saying that she had been bullied and that the beer maker had failed to contact her in light of the hostility. Since April, when the influencer, Dylan Mulvaney, featured Bud Light in an Instagram video, she has faced stalking and personal attacks, she said in videos she posted on social media. “What transpired from that video was more bullying and transphobia than I could have ever imagined,” Ms. Mulvaney, 26, said. “I’ve been followed, and I have felt a loneliness that I wouldn’t wish on anyone.”Throughout the controversy, she continued, Bud Light has not reached out to her. She was scared to leave her home while the company failed to stand by her, she said.

Persons: Bud Light, Dylan Mulvaney, Ms, Mulvaney, “ I’ve

“In this instance, the grand jury of the 228th District Court of Harris County found that no crime did occur, that no single individual was criminally responsible,” Ogg said. But a tragedy isn’t always a crime, and not every death is a homicide,” Ogg also said. He’s looking forward to getting back home after being cleared by the grand jury,” Schaffer told CNN. The grand jury met for six hours and homicide detectives testified, according to Schaffer. It was unclear at the time what Scott saw from the stage and whether he was aware of the conditions in the crowd.

Persons: Travis Scott –, Kim Ogg, John Junnell, Brett Silberstein, ” Ogg, isn’t, “, Scott, Travis Scott, ”, Ted Anastasiou, Kent Schaffer, Schaffer, ” Schaffer, Troy Finner, Mike Barrow Organizations: CNN, Harris County Institute of Forensic Sciences, District, Schaffer . Houston Police Department, Houston Fire Department, Houston Police Locations: Harris County, Harris

☆ China unveils sweeping foreign policy law as Xi consolidates power — and aims to counter the US
▼ + stars: | 2023-06-29 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —China has unveiled a sweeping foreign relations law enshrining its right to impose “countermeasures” against actions that it deems a threat – in Beijing’s latest bid to bolster its position amid strained relations with the West. “This is the first comprehensive foreign relations law … but it (reads) more like Xi Jinping’s foreign policy declaration,” Zhao said, adding that its release comes at a moment when Xi is focused on countering what it sees as US efforts to contain China. “The party, not the government, runs China’s foreign relations. The law also includes China’s pledge to promote “high-level opening-up” of its economy, development of foreign trade and and encouraging and legally protecting foreign investment. In recent months, a campaign against consulting and due diligence firms has unnerved foreign businesses in China.

Persons: enshrining, Antony Blinken, Jinping, –, Zhao Leji, “, Xi, Washington, Lockheed Martin, Suisheng Zhao, University of Denver’s Josef, ” Zhao, ”, China’s, Sung, Li Qiang, Zhao Organizations: Hong Kong CNN, West, Global Times, Lockheed, Raytheon, Communist Party, Center for, Cooperation, University of Denver’s, University of Denver’s Josef Korbel School of International Studies, Australian National University’s Taiwan Studies Locations: Hong Kong, China, Beijing’s, Beijing, China’s, United States, Ukraine, Taiwan, Center for China, Tianjin, Europe, Denver

☆ Corruption inquiry in Australia uncovers China links to state lawmaker
▼ + stars: | 2023-06-29 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

SYDNEY, June 29 (Reuters) - The former premier of Australia's most populous state engaged in corrupt conduct involving another lawmaker with whom she was in a secret romantic relationship, a years-long corruption inquiry that examined business dealings with China said on Thursday. The inquiry said Maguire sought to use his government office to "create a network between China and Australia and to make a commission in multiple ways". The commission found Maguire engaged in "serious corrupt conduct" between 2012 and 2018 for the migration scheme and other misconduct. It said he misused his role as chairman of the New South Wales Parliament's Asia Pacific Friendship Group to advance the commercial interests of a Chinese business association in South Pacific nations. The commission said it would seek advice from the Director of Public Prosecutions on whether further prosecutions should be commenced into Maguire.

Persons: Gladys Berejiklian, Daryl Maguire, Maguire, Berejiklian, Barry O'Farrell, Kirsty Needham, Stephen Coates Organizations: SYDNEY, New South Wales Independent, Corruption, New, Liberal, Australian Council, Australia, Pacific Friendship Group, New South Wales, Public, Maguire, Thomson Locations: Australia's, China, New, New South Wales, Berejiklian, Australia, South Pacific, Beijing, Sydney, Liaoning, New South

☆ Japan, S.Korea to discuss FX swap deal in first finance talks since 2016
▼ + stars: | 2023-06-28 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

The swap deal expired in 2015 amid worsening relations over issues related to Japan's wartime occupation of the Korean Peninsula, and its restoration would symbolise the improvement in relations, analysts say. "We must strongly raise the momentum for historic improvement of Japan-South Korea relations. The ministers will also discuss global economic developments, infrastructure investment in developing countries, and the role both countries could play in multilateral financial cooperation. The bilateral finance talks, the eighth of their kind, were last held in 2016. Reporting by Tetsushi Kajimoto; Editing by Leika Kihara, Simon Cameron-Moore and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Yoon Suk Yeol, Kim Keon, Issei Kato TOKYO, Shunichi Suzuki, Choo Kyungho, Masato Kanda, Suzuki, Choo, Tetsushi Kajimoto, Leika Kihara, Simon Cameron, Moore, Gerry Doyle Organizations: Tokyo International, REUTERS, Japanese Finance, Korean, Thomson Locations: Korean, Tokyo, Japan, South Korea, China, North Korea, Ukraine

☆ Jesse Watters to Fill Tucker Carlson’s Old Slot as Fox Shuffles Prime-Time Lineup
▼ + stars: | 2023-06-26 | by ( Jeremy W. Peters | ) www.nytimes.com time to read: +1 min

Fox News shook up its prime-time lineup on Monday in the first major reorganization to its most popular programming since the beginning of the Trump administration. The moves include permanently filling the 8 p.m. slot that has been vacant since the network canceled Tucker Carlson’s show in April. Mr. Gutfeld’s show will now be at 10 p.m.Laura Ingraham, who has hosted a 10 p.m. program since 2017, will move to 7 p.m., occupying the hour that Mr. Watters has been hosting. Sean Hannity, a mainstay at Fox News since its early days, will remain in his 9 p.m. slot. Fox’s prime time ratings have consistently been the highest in cable news but have fallen off by roughly one-third since the network took Mr. Carlson off the air.

Persons: Trump, Tucker, Jesse Watters, Greg Gutfeld, Stephen Colbert, Jimmy Kimmel, Gutfeld’s, Laura Ingraham, Watters, Sean Hannity, Carlson Organizations: Fox News

☆ Israeli settlers build new outposts amid rising West Bank violence
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +5 min

[1/5] A European diplomat checks a Palestinian house that was torched by Israeli settlers, during a visit to Turmus Ayya, near Ramallah, in the Israeli-occupied West Bank June 23, 2023. The developments followed some of the worst violence in years involving Palestinians, Israeli forces and Jewish settlers in the West Bank in the past week. The Yedioth Ahronoth daily reported at least seven new outposts were built in the West Bank since Thursday with the government's knowledge. Since taking office in January, Netanyahu's religious-nationalist coalition has approved the promotion of more than 7,000 new housing units, most deep in the West Bank. According to the United Nations, some 700,000 settlers live in 279 settlements across the West Bank and East Jerusalem, up from 520,000 in 2012.

Persons: Ammar Awad JERUSALEM, Itamar Ben, Benjamin Netanyahu's, Gvir, Israel, Netanyahu, Eli, Daniel Hagari, Henriette Chacar, Angus MacSwan Organizations: West Bank, REUTERS, Palestinian, National, United Nations, Military, Israel, Thomson Locations: European, Ramallah, Geneva, Israel, Palestinian, Jenin, West, Turmus, East Jerusalem

☆ Meta's Oversight Board asks Facebook owner to evaluate election integrity efforts
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

The board said on Thursday that Meta's original decision to leave up the Facebook video, which featured a Brazilian general calling people to "hit the streets," raised concerns about the effectiveness of the company's election integrity efforts. "In this case, the speaker's intent, the content of the speech and its reach, as well as the likelihood of imminent harm ... all justified removing the post," said the Oversight Board, whose recommendations are not binding on Meta. The company's election preparedness efforts are in focus as the United States prepares for the presidential elections next year. The company was also among the social media platforms that suspended Trump in 2021 after the deadly Jan. 6 Capitol Hill riot, determining he had incited violence. Meta, in a response to the board, said that it does not currently have metrics for measuring the success of its election integrity efforts generally.

Persons: Meta, Republican Donald Trump, Yuvraj Malik, Varun Organizations: Facebook, Meta, United States, Republican, Trump, Thomson Locations: United, Bengaluru

☆ Brazil's Lula discusses peace, poverty and inequality with pope
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

Vatican Media/Handout via REUTERSVATICAN CITY, June 21 (Reuters) - Pope Francis met Brazilian President Luiz Inacio Lula da Silva on Wednesday and discussed a range of common concerns including peace, poverty, inequality and the environment, the Vatican said. Underscoring this sentiment, the pope gave Lula a bronze sculpture with the inscription: "Peace is a fragile flower." Pope Francis and Lula have both repeatedly called for a halt to the fighting and pitched their respective offices as potential peace brokers. I think too few people are talking of peace," Lula told Corriere della Sera newspaper in an interview published on Wednesday. Lula met a number of Italian leaders during his brief visit to Rome, including Prime Minister Giorgia Meloni and President Sergio Mattarella.

Persons: Luiz Inacio Lula da Silva, Edgar Pena Parra, Pope Francis, Lula, Corriere, Jair Bolsonaro, Giorgia Meloni, Sergio Mattarella, Crispian Balmer, Andrew Cawthorne Organizations: General Affairs, State, Vatican, Handout, REUTERS VATICAN CITY, Corriere della Sera, Thomson Locations: Vatican's, Ukraine, Russia, Rome, Paris

☆ Romanian prosecutors send Andrew Tate to trial for human trafficking
▼ + stars: | 2023-06-20 | by ( Luiza Ilie | Thomson Reuters | Bucharest-Based General News Reporter Covering A Wide Range Of Romanian Topics Elections | ) www.reuters.com time to read: +3 min

[1/2] Andrew Tate and Tristan Tate are escorted by police officers outside the headquarters of the Directorate for Investigating Organized Crime and Terrorism in Bucharest (DIICOT) after being detained for 24 hours, in Bucharest, Romania, December 29, 2022. Inquam Photos/Octav Ganea via REUTERS/File... Read moreBUCHAREST, June 20 (Reuters) - Romanian prosecutors sent social media influencer Andrew Tate, his brother Tristan and two other suspects to trial on Tuesday on charges of human trafficking, rape and forming a criminal gang to sexually exploit women. The brothers, former kickboxers who have U.S. and British nationality, are the highest profile suspects to be sent to trial for human trafficking in Romania. "Im sure this case has absolutely nothing to do with stealing my wealth," Andrew Tate said on his Twitter account. Prosecutors have said the Tate brothers recruited their victims by seducing them and falsely claiming to want a relationship or marriage.

Persons: Andrew Tate, Tristan Tate, Ganea, Read, Tristan, Tate, Prosecutors, cryptocurrency, Luiza Ilie, Jason Hovet, Alexandra Hudson, Angus MacSwan Organizations: Terrorism, REUTERS, Prosecutors, U.S . State Department, Thomson Locations: Bucharest, Romania, BUCHAREST

Jerusalem and Abu Dhabi CNN —Textbooks in Saudi Arabia have been changing. On Israel and the Palestinians, IMPACT-se found moderation, but not yet full acceptance of Israel. “Some in Israel want to see normalization with Saudi so badly that any interaction about Israel will be framed as something positive towards normalization,” he said. In Saudi Arabia, support for normalization stood at 5%. But Podeh and the other experts all agreed: public perceptions of Israel will be shaped by much more than textbooks.

Persons: ”, Mira Al Hussein, Kristin Diwan, Islam Aziz Alghashian, ” Alghashian, Israel, “, Joe Biden, Donald Trump, Elie Podeh, “ It’s, ” Podeh, It’s, Diwan Organizations: Abu Dhabi CNN, Monitoring, School Education, IMPACT, Zionism, United, United Arab Emirates ’, University of Edinburgh, ISIS, Muslim Brotherhood, CNN, Saudi Center, International Communication, Ministry, Education, Gulf States Institute, Saudi, Abraham Accords, Arab Center Washington DC, Department of Islamic, Eastern, Hebrew University Locations: Jerusalem, Abu Dhabi, Saudi Arabia, United States, Israel, London, Saudi, Palestine, United Arab, Scotland, “, al Qaeda, Washington

☆ Black executives see progress since George Floyd, but much work still to be done: CNBC survey
▼ + stars: | 2023-06-19 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

The tragedy sparked more awareness and positive change in corporate America, according to a new survey of Black executives conducted by CNBC, but the results from the survey show that there remains much work to be done. The survey, conducted by CNBC in partnership with the Executive Leadership Council, found 74% of Black executives saying they saw a positive change in hiring, retention and promotion of Black employees since Floyd was killed in May 2020. As many Black executives say organizational treatment of Black employees has remained the same (43%) or worsened (9%) since 2020, as those who say it has improved (48%). And exactly half say there are still less opportunities for Black employees than other employees at their organizations. More Black executives said that prior to 2020 their firms were "checking the DEI box" rather than taking a comprehensive approach.

Persons: George Floyd, Kerem Yucel, Floyd, Shundrawn Thomas, George Floyd's, Judy Smith, Smith, Smith & Company . Smith, Thomas, Rashida Jones, Priscilla Sims Brown, Melonie Parker, Johnson Organizations: Afp, Getty, Black, CNBC, Executive, Council, Copia, Smith & Company, Equity, Opportunity, MSNBC, Amalgamated Bank ., Google Locations: Minneapolis , Minnesota, U.S, America, New Orleans

☆ Israel set to approve thousands of building permits in West Bank
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, June 18 (Reuters) - Israel's nationalist-religious government on Sunday tabled plans to approve thousands of building permits in the occupied West Bank, despite U.S. pressure to halt settlement expansion that Washington sees as an obstacle to peace with Palestinians. "We will continue to develop the settlement of and strengthen the Israeli hold on the territory," said Finance Minister Bezalel Smotrich, who also holds a defence portfolio that gives him a leading role in West Bank administration. Palestinians seek to establish an independent state in the West Bank and Gaza Strip with East Jerusalem as their capital. Since entering office in January, Prime Minister Benjamin Netanyahu's coalition has approved the promotion of more than 7,000 new housing units, most deep in the West Bank. In response to Sunday's Israeli decision, the Palestinian Authority - which exercises limited self-rule in parts of the West Bank - said it would boycott a meeting of the Joint Economic Committee with Israel scheduled for Monday.

Persons: Bezalel Smotrich, Benjamin Netanyahu's, Shlomo Ne'eman, Emily Rose, Nidal, Mark Heinrich Our Organizations: West Bank, Washington, Planning, West, United, Palestinian Authority, Israel, Hamas, Gush, Gush Etzion Regional Council, Yesha, Thomson Locations: West Bank, Israel, Gaza, East Jerusalem, United States, Palestinian, Judea, Samaria, Jordan, Gush Etzion, Jerusalem

☆ Lionel Messi, Saudi Arabia and the Deal That Paid Off for Both Sides
▼ + stars: | 2023-06-18 | by ( Karim Zidan | Tariq Panja | ) www.nytimes.com time to read: +2 min

Until now, the details of Messi’s contract with the tourism authority have been a closely held secret. It is not clear if the contract reviewed by The Times is the current version of the deal. The travel expenses and five-star accommodations were to be paid by the Saudi government for Messi and up to 20 family members and friends. Another $2 million for promoting Saudi Arabia on his social media accounts 10 times a year, separately from the promotion of his vacations to the kingdom. Few people were willing to discuss the terms of Messi’s deal.

Persons: Messi, Rodrigo, Pablo Negre Abello, Abello, Rayco García Cabrera, Ronaldo, Benzema, Garcia, “, ”, García, Messi didn’t, ” García Organizations: The Times, Saudi, Messi, Times Locations: Saudi, Saudi Arabia

[1/3] Ugandan students hold placards as they participate in a peaceful walk to appreciate President Yoweri Museveni for signing the new anti-homosexuality law in Kampala, Uganda May 31, 2023. REUTERS/Abubaker Lubowa/File PhotoWASHINGTON, June 16 (Reuters) - The United States has imposed visa restrictions on Uganda officials after the African nation passed an anti-LGBTQ law that was condemned by many countries and the United Nations, the U.S. State Department said on Friday. U.S. President Joe Biden had threatened aid cuts and other sanctions, while Secretary of State Antony Blinken said last month the government would consider visa restrictions against Ugandan officials. "The United States strongly supports the Ugandan people and remains committed to advancing respect for human rights and fundamental freedoms in Uganda and globally," the State Department said. The law also imposes a life sentence for same-sex intercourse and a 20-year sentence for promotion of homosexuality.

Persons: Yoweri Museveni, Abubaker, Joe Biden, Antony Blinken, Kanishka Singh, Susan Heavey, Bill Berkrot Organizations: REUTERS, WASHINGTON, United, United Nations, U.S . State Department, The, Department, State Department, Thomson Locations: Kampala, Uganda, United States, U.S, Washington

☆ Twitter hit with $250 million lawsuit from music publishers over alleged copyright infringement
▼ + stars: | 2023-06-15 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Washington CNN —Music publishers sued Twitter for more than $250 million in damages on Wednesday, alleging that the social media platform “breeds massive copyright infringement that harms music creators.”The lawsuit alleges that for years, Twitter has allowed users of its platform to share copyrighted songs without a license. Twitter’s alleged permissiveness around users sharing copyrighted songs, combined with the social network’s promotion of tweets with copyrighted music, has unlawfully helped fuel the company’s growth, according to the National Music Publishers’ Association, whose members include Universal, Sony and Warner Music Group. “Providing free, unlicensed music gives the Twitter platform an unfair advantage over competing platforms, such as TikTok, Facebook, Instagram, YouTube, Snapchat and others.”Twitter’s competitors, the music publishers said, all pay licensing fees to rightsholders for the ability to use the copyrighted music. The lawsuit cites the sweeping layoffs under Musk’s ownership that have eliminated entire teams at Twitter. It also highlights Musk’s own views on copyright, including a screenshot of two of his tweets from prior to the acquisition.

Persons: Elon Musk, Twitter’s, Mariah Carey’s, Mark Ronson’s, ”, Bruno Mars, Snapchat, Twitter didn’t, ” Musk Organizations: Washington CNN — Music, Twitter, Elon, National Music Publishers ’ Association, Universal, Sony, Warner Music Group, Facebook, YouTube, Copyright, Federal Trade Commission, Court, Middle, Middle District of Locations: Funk, Middle District, Middle District of Tennessee

☆ South Korean leader criticises China envoy over "inappropriate" remarks
▼ + stars: | 2023-06-13 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

SEOUL, June 13 (Reuters) - South Korea's president stepped up criticism of China's ambassador on Tuesday, saying the envoy had been disrespectful in suggesting South Korea had made the wrong choice by siding with the United States against China. South Korea's foreign ministry summoned Xing on Friday to issue a protest and express "strong regret" over comments that the ministry said were "provocative" and a possible interference in internal affairs. South Korea has been a staunch U.S. ally for decades and is host to nearly some 28,000 U.S. troops but it has developed extensive economic ties with China in recent years. Its foreign ministry called in South Korea's ambassador on Saturday to express its "serious concern and dissatisfaction" over Seoul's "improper reaction" to Xing's comment. A Chinese foreign ministry spokesman said challenges in relations with South Korea were "not caused by China".

Persons: Xing Haiming, Xing, Yoon Suk Yeol, Yoon, Kim Seok, Park Jin, Xing's, Park, Hyonhee Shin, hyang Choi, Ed Davies, Robert Birsel Organizations: South, Foreign, Thomson Locations: SEOUL, South Korea, United States, China, U.S, South, North Korea, Korea, South Korea's, Vienna

☆ Israeli construction in West Bank no bar to peace, Netanyahu says
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +3 min

JERUSALEM, June 9 (Reuters) - Israeli Prime Minister Benjamin Netanyahu said Jewish settlements in the occupied West Bank were not an obstacle to peace with the Palestinians in an interview published Friday, testing ties between Washington and its main Middle East ally. The expansion of settlements in the West Bank has been among the most contentious issues between Israel, the Palestinians and the international community for decades. I think that's the obstacle to peace," said Netanyahu. The West Bank is among territories Israel occupied in a 1967 Middle East war where Palestinians exercise limited self-governance under decades of Israeli military rule. According to a report by the U.N. Human Rights Committee, just under 700,000 settlers live in 279 settlements across the West Bank and East Jerusalem, up from 520,000 in 2012.

Persons: Benjamin Netanyahu, Netanyahu, Biden, Israel, Nabil Abu Rudeineh, Mahmoud Abbas, Henriette Chacar, Ali Sawafta, Nick Macfie Organizations: West Bank, Sky News, The West Bank, Human Rights, Reuters, Thomson Locations: Washington, Israel, United States, East Jerusalem, Saudi Arabia, Iran, Tehran

Experts have mixed reactions on whether the budget will meet IMF requirements and the impact on the economy. The ‘No new Taxes on Industry’ claim is belied by increase in super tax and that too in not a fully progressive way. Will retailers and the agri sectors that together contribute 40% contribute more than 2% as a result of the budget? SHAHBAZ ASHRAF, CHIEF INVESTMENT OFFICER AT FRIM VENTURES“It is surely not a budget that the IMF would approve of. "The regional energy price budget, which has built in cross subsidies, general collection and distribution losses is something the export industry cannot sustain."

Persons: GHIAS KHAN, EHSAN MALIK, SHAHID HABIB, ARIF HABIB, ZULQARNAIN, ABDUL ALEEM, IRFAN IQBAL SHEIKH, MUSTAFA PASHA, SHAHBAZ ASHRAF, they've, There's, ” FAHAD RAUF, ISMAIL IQBAL, GOHAR EJAZ, Ariba Shahid, Jonathan Oatis, Nick Zieminski Organizations: International Monetary Fund, IMF, Pakistan, Reuters, FX, ENGRO CORP, OF, PAKISTAN BUSINESS, Industry, PAKISTAN, Company, FEDERATION OF PAKISTAN, OF COMMERCE, PKR, IN, MILLS ASSOCIATION, Thomson Locations: KARACHI, Pakistan, PAKISTAN, Karachi

☆ Instagram, YouTube, TikTok, Twitter target of EU crypto advertising complaint
▼ + stars: | 2023-06-08 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, June 8 (Reuters) - Meta Platforms' (META.O) Instagram, Alphabet's (GOOGL.O) YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets. U.S. regulators suing crypto platforms Coinbase COIN.O and Binance, along with last year's collapse of FTX, have sparked concerns over consumer protection related to crypto assets such as bitcoin and ether. It urged the Consumer Protection Cooperation Network to require the online platforms to adopt stricter advertising policies on crypto and take measures to prevent influencers from misleading consumers. The group called on European consumer authorities to cooperate with European Supervisory Authorities for financial services to ensure the platforms adapt their advertising policies to prevent the misleading promotion of crypto. "This is why we are turning to the authorities in charge of protecting consumers to ensure Instagram, YouTube, TikTok and Twitter fulfil their duty to protect consumers against crypto scams and false promises," she said.

Persons: BEUC, Monique Goyens, Foo Yun Chee, Lisa Shumaker Organizations: YouTube, Twitter, European Commission, European Union, Consumer Protection Cooperation Network, Commission, European, Authorities, Crypto, Consumer, Thomson Locations: BRUSSELS, Denmark, France, Greece, Italy, Lithuania, Portugal, Slovakia, Spain

☆ PGA Tour-LIV Golf merger is a major win for the Saudis — and Americans are slamming it
▼ + stars: | 2023-06-07 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

It's lured some of the biggest golf stars away from the PGA Tour with huge paychecks, spurring antitrust lawsuits with the American organization. "This is Saudi Arabia buying the PGA tour," sports talk show host Rich Eisen said in his broadcast after hearing the news. USA Today sports columnist Christine Brennan called the move "a total wimp-out by the PGA Tour. Glyn Kirk | AFP | Getty ImagesSocial media was rife with self-described golf fans vowing to never again watch the PGA Tour. Pro golfer Phil Mickelson, another member of the LIV Tour, tweeted "Awesome day today" in response to the news.

Persons: LIV Golf, that's, —, LIV, Saudi Crown Prince Mohammed bin Salman, It's, Jay Monahan, Rich Eisen, Pat Welter, it's, Christine Brennan, Tiger Woods, Glyn Kirk, Ron Wyden, Chris Murphy, Jamal Khashoggi, Saudi LIV, Monahan, Saudi Arabian Crown Prince Mohammed bin Salman, Jim Watson, Bryson DeChambeau, DeChambeau, Phil Mickelson, Jeffries, Yasir Al, Cristiano Ronaldo, Saudi Arabia's, Al Organizations: PGA Tour, Saudi, LIV Players, PGA, Saudi Arabia's Public Investment Fund, Saudi Crown, CNBC, Twitter, 150th, St, AFP, Getty, LIV, Washington Post, Amnesty, Saudi Arabian Crown, Saudi Embassy, Washington D.C, Saudi Foreign Ministry, CNN, Royal, Anadolu Agency, Getty Images Investment, Rumayyan, Nassr Football Club, Al Nassr Football Locations: Saudi Arabia, North Carolina, Saudi, Scotland, Oregon, Connecticut, American, Washington ,, Washington, videoconference, Riyadh, PIF, Portuguese

☆ Kim Kardashian, Floyd Mayweather can’t evade EMax crypto investors’ claims, judge says
▼ + stars: | 2023-06-07 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Pierce, who allegedly received nearly $250,000 in EMax tokens as payment for touting the investment, paid $1.4 million in February to settle the SEC’s allegations of deceptive securities promotion. The new ruling, Masson said, should serve as a blueprint for crypto investors who contend they were duped by celebrity promoters. The beefed-up amended complaint convinced the judge that investors had plausibly accused the celebrity influencers of doing just that: exerting influence over their followers by endorsing EMax tokens. Fitzgerald’s previous decision dismissing claims against Kardashian and the other EMax promoters, Masson said, might have created an impression that celebrities can’t be held responsible for allegedly deceptive crypto touting. “You cannot get away with this.”Read more:Kim Kardashian, other celebrities beat EMax crypto investors' lawsuitKim Kardashian pays $1.26 million fine for paid crypto ad, SEC saysOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Kardashian, Michael Fitzgerald, Kardashian, Floyd Mayweather, famer Paul Pierce, Mayweather, Pierce “, ”, Fitzgerald, Hyping, you’ve, Scott, “, ” Fitzgerald, Michael Rhodes, Cooley, Pierce, Joel Weiner, Katten Muchin Rosenman, James Sanders, Reed Smith, influencer Logan Paul, Paul, King & Spalding, Sean Masson, Scott —, Kardashian —, EMax, Masson, ’, can’t, ” Masson, ” Read Organizations: District, Los, NBA, famer, U.S . Circuit, Securities, Exchange Commission, King &, SEC, Thomson, Reuters Locations: California, “, Florida

☆ PGA-LIV merger to lift golf to 'new heights,' benefiting these two stocks, Jefferies says
▼ + stars: | 2023-06-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The surprise merger announcement between the PGA Tour and the Saudi Arabia-backed LIV Golf league sent shockwaves through the sports world on Tuesday and could have big implications for two golf stocks, according to Jefferies. As part of the deal, the Saudi Public Investment Fund, or PIF, is prepared to invest billions in the new golf league, CNBC's David Faber reported Tuesday. Jefferies analyst Randal Konik said in a note to clients Tuesday that the combined league and additional cash should boost golf's growth. "We believe that this unexpected agreement holds immense potential to elevate the sport of golf to new heights. Jefferies highlighted both stocks as potential beneficiaries of the deal, but said Topgolf Callaway has more "asymmetric upside potential."

Persons: LIV, shockwaves, Jefferies, CNBC's David Faber, Randal Konik, Konik, Topgolf Callaway, Michael Bloom Organizations: PGA Tour, LIV Golf, Saudi Public Investment Fund, Callaway Brands, Acushnet Holdings Locations: Saudi Arabia, PIF, Titleist

☆ Blinken heads to Saudi Arabia amid strained ties, Israel normalization in mind
▼ + stars: | 2023-06-06 | by ( Humeyra Pamuk | Thomson Reuters | Humeyra Pamuk Is A Senior Foreign Policy Correspondent Based In Washington Dc. She Covers The U.S. State Department | ) www.reuters.com time to read: +4 min

White House national security adviser Jake Sullivan traveled to Saudi Arabia on May 7. Speaking at the pro-Israel lobby group the American Israel Public Affairs Committee on Monday, Blinken said Washington had "a real national security interest" in advocating for the normalization of diplomatic relations between Israel and Saudi Arabia, but cautioned that it will not happen quickly. "[Blinken should explain] why Chinese interests do not align with Saudi Arabia, and why closer relations in a strategic way inhibit closer relations with Washington," Goldberg said. U.S. citizens and residents with family members detained in Saudi Arabia called on Blinken in a letter on Tuesday to press Saudi officials for an immediate release of their relatives. The list included prominent cleric Salman al-Odah, children of former spy chief Saad al-Jabri, human rights defender Mohammed al-Qahtani and aid worker Abdulrahman al-Sadhan.

Persons: Antony Blinken, Prince Mohammed bin Salman, Jake Sullivan, Blinken, Washington, Richard Goldberg, Goldberg, Joe Biden, Prince Mohammed, Jamal Khashoggi, Biden, Bashar al, Assad, Salman al, Saad al, Mohammed al, Abdulrahman, Arshad Mohammed, Simon Lewis, Aziz El Yaakoubi, Leslie Adler, Sharon Singleton Organizations: Saudi, White House, diplomat's, Israel, American Israel Public Affairs, Foundation for Defense of Democracies, MbS, Arab, U.S, Thomson Locations: Saudi Arabia, Riyadh, Iran, Jeddah, U.S, Israel, Saudi, Washington, Syria

Search resuls for: "Promotion of"

25 mentions found