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Apple has reversed course under regulatory pressure and cleared the way for a nettlesome adversary, video game maker Epic Games, to set up an alternative store for iPhone apps in Europe. Apple attributed the change of heart to reassurances from Epic that it won't violate its requirements for getting access to iPhone owners. Epic had brazenly broke the rules in the U.S. in 2020 to trigger an antitrust lawsuit alleging Apple's App Store is a monopoly. Apple had rejected Epic's attempt to set up an account that would have allowed it to set up an alternative store for downloading iPhone apps — something that Apple has held exclusive control over for more than 15 years. Apple is demanding more than $73 million from Epic to cover its fees in the U.S. antitrust case over the App Store.

Persons: brazenly, Apple, Tim Sweeney, Sweeney Organizations: Apple, Epic, Epic Games, European Commission Locations: Europe, U.S, Sweden

CNN —Two police stations near Haiti’s National Palace were attacked by armed individuals Friday night, as gang violence in the Caribbean nation’s capital of Port-au-Prince continued to spiral. Armed groups have burned down police stations and released thousands of inmates from two prisons, and Cherizier has warned of “a civil war that will end in genocide” if the prime minister does not step down. A woman cries as she walks near her husband's shop that armed gang members set fire to in Port-au-Prince, Haiti, March 7, 2024. Haiti is a member state, but it is unclear if Haitian Prime Minister Ariel Henry will be at the meeting. CNN has reached out to the Haitian prime minister’s office for comment.

Persons: Prince, Jimmy Cherizier, Ariel Henry’s, Cherizier, Henry, Synapoha, ” Stephane Dujarric, Clarens Siffroy, Sophie Mealier, Pierre Espérance, Ariel Henry, Jim Rogers, Rafy Rivera, Michael Conte, Abel Alvarado Organizations: CNN, Kenya, Kenyan, Haitian, Port, Caribbean Port Services, UN, Getty, Haitian Human Rights Defense Network, CARICOM, Caribbean Locations: Haiti’s, Caribbean, Port, Puerto Rico, Dominican Republic, Prince, Haiti, AFP, Region, Prince’s, Canada, Kingston

☆ Big Tech goes from 'teenager' to 'grown-up' under landmark EU law. Here's what you need to know
▼ + stars: | 2024-03-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Justin Tallis | AFP via Getty ImagesAn EU law that seeks to rein in large digital companies has officially kicked in, spelling big changes for primarily U.S. tech giants. CNBC runs through how the law impacts large U.S. tech companies — as well as consumers in the EU. The EU Digital Markets Act primarily impacts U.S. tech giants — the likes of Alphabet , Amazon , Apple , and Meta . The rules have already sparked big changes for tech giants in how they serve customers in the EU. It's likely more adjustments will come, as competitors to Big Tech firms aren't happy with the proposals put in place so far.

Persons: Justin Tallis, Bill Echikson, Echikson, ByteDance, Apple Organizations: Apple, Facebook, Microsoft, Getty, Digital Markets, European Commission, Center for, CNBC, Big Tech, EU Digital Markets, Meta, Google, Companies, EU, Spotify Locations: EU, U.S, iPhones

☆ The next China is not India or Vietnam — it's still China, says strategist
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe next China is not India or Vietnam — it's still China, says strategistShaun Rein, founder of the China Market Research Group, says "multinationals, if you're thinking about a three-, five-year growth plan, you got to be investing in India, but you have to be investing in China, because there's no other country that has the scale of China."

Persons: Shaun Rein Organizations: China Market Research Locations: China, India, Vietnam

☆ China may have to resort to a tried-and-tested tactic to power its 'new leap forward'
▼ + stars: | 2024-03-06 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +5 min

Liu Liqun | Corbis Documentary | Getty ImagesChina may want a "new leap forward" in "productive forces" — but President Xi Jinping may need to resort to an old tactic to hit the country's ambitious growth target this year, one economist warns. While scant on specifics, the work report appears to suggest Beijing is refraining from the aggressive, bazooka-like stimulus that some markets observers were expecting. China has historically resorted to infrastructure building as a short-term fix to boost growth, particularly after the 2008-09 financial crisis. Goldman Sachs economists said that this pledge is the "most important positive surprise" from this year's government work report. Chinese Premier Li Qiang delivers a speech during the opening of the second session of the 14th National People's Congress at The Great Hall of People on March 5, 2024 in Beijing, China.

Persons: Liu Liqun, Xi Jinping, Wang Dan, Wang, Erica Tan, Goldman Sachs, Li Qiang, Li, Lintao Zhang Organizations: Bund, Getty, Hang Seng Bank, CNBC, China Investment Corporation, Maybank, Seng Bank, National People's Congress, of People Locations: China, Beijing, overcapacity, Covid, Gorges

☆ Ex-President of Honduras Denies at Trial That He Trafficked Drugs
▼ + stars: | 2024-03-05 | by ( Colin Moynihan | Nate Schweber | ) www.nytimes.com time to read: +1 min

The former two-term president of Honduras denied in court on Tuesday that he had trafficked narcotics, offered police protection to drug cartels or taken bribes — assertions that have been at the heart of a conspiracy trial taking place in Manhattan. The former president, Juan Orlando Hernández, has been on trial for two weeks in Federal District Court, facing charges that he conspired to import cocaine into the United States. Prosecutors said that he worked with ruthless drug gangs like the Sinaloa Cartel, led by the Mexican drug lord Joaquín Guzman Loera, better known as El Chapo. Government witnesses have included a string of former traffickers from Honduras who testified that they bribed Mr. Hernández in return for promises that he would insulate them from investigations and protect them from extradition to the United States. Dressed in a dark suit with a blue shirt and tie, Mr. Hernández sat up straight during his testimony and sometimes gave long, discursive answers that prompted the judge overseeing the trial to rein him in.

Persons: Juan Orlando Hernández, Joaquín Guzman Loera, Hernández Organizations: Federal, Court, Prosecutors, Chapo Locations: Honduras, Manhattan, United States, Sinaloa, Mexican

While a number of AI systems have been found to discriminate, tipping the scales in favor of certain races, genders or incomes, there’s scant government oversight. Those bills, along with the over 400 AI-related bills being debated this year, were largely aimed at regulating smaller slices of AI. The use of AI to make consequential decisions — what the bills call “automated decision tools” — is pervasive but largely hidden. The AI was trained to assess new resumes by learning from past resumes — largely male applicants. Requirements to routinely test an AI system aren’t in most of the legislative proposals, nearly all of which still have a long road ahead.

Persons: ChatGPT, ”, Suresh Venkatasubramanian, Taylor Swift, —, Christine Webber, Mary Louis, Louis, California’s, Craig Albright, ” Albright, it’s, Rebecca Bauer, Kahan, what’s, Trân Organizations: DENVER, Congress, Brown University, The Software Alliance, Fortune, Commission, Pew Research, Amazon, BSA, Microsoft, Associated Press Locations: statehouses, chatbots, California, Connecticut, guardrails, Massachusetts, Washington, Colorado, Rhode Island , Illinois , Connecticut, Virginia, Vermont, That’s, Sacramento , California

☆ Twice, a K-Pop Girl Group, Tops the Billboard Chart for the First Time
▼ + stars: | 2024-03-04 | by ( Ben Sisario | More About Ben Sisario | ) www.nytimes.com time to read: +1 min

The nine-woman K-pop group Twice leads the Billboard album chart for the first time this week with its latest mini-LP, thanks to collectible CD and vinyl sales, while Morgan Wallen marks a full year of blockbuster streaming numbers. 1 on the Billboard 200 chart with the equivalent of 95,000 sales in the United States. “With You-th” also garnered 6.3 million streams, the lowest streaming total for a No. 2 in its 52nd week on the chart, with the equivalent of 67,000 sales. 6 on the all-genre album chart — and even then, only hitting that low point two times.

Persons: Morgan Wallen, Celine Dion’s “, ” Locations: United States

☆ Takeaways: Trump scores big win in Colorado 14th Amendment ballot challenge
▼ + stars: | 2024-03-04 | by ( John Fritze | Devan Cole | ) edition.cnn.com time to read: +7 min

Those actions, the state court ruled, violated Section 3 of the 14th Amendment and left Trump ineligible to appear on the state’s ballot. Monday’s Supreme Court decision appeared certain to shut down those and other efforts to remove the frontrunner for the GOP nomination from the ballot. Supreme Court avoids insurrectionist debateThe Supreme Court’s opinion doesn’t directly address whether Trump’s actions on January 6 qualified as an “insurrection” – skirting an issue that the courts in Colorado wrestled with. “While the Supreme Court allowed Donald Trump back on the ballot on technical legal grounds, this was in no way a win for Trump,” Noah Bookbinder, the group’s president said. That decision, they said, wasn’t before the Supreme Court in the case and would “insulate all alleged insurrectionists” from future challenges.

Persons: Donald Trump, “, ”, Trump, –, Amy Coney Barrett, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Barrett, Trump’s, ” Noah Bookbinder, ’ Barrett, ” “, ” Barrett, – Sotomayor, Kagan, Jackson –, wasn’t, insurrectionists ” Organizations: CNN, Capitol, Trump, GOP, US Capitol, Liberal Locations: Colorado, Colorado’s, Maine, Illinois, Washington, The Colorado

☆ Tracking an Invisible Climate Menace From 360 Miles Above
▼ + stars: | 2024-03-03 | by ( Malika Khurana | Hiroko Tabuchi | ) www.nytimes.com time to read: +8 min

Gas sensor housing Infrared sensor Spectrometer Tracking an Invisible Climate Menace From 360 Miles Above There will soon be a new eye in the sky that’s designed to detect emissions of methane, an invisible yet potent gas that is dangerously heating the world. MethaneSAT will sweep the globe using a high-resolution infrared sensor to detect and track methane leaks from oil and gas sites worldwide. Scientists estimate that human-caused methane emissions are responsible for up to 30 percent of the global warming being experienced today. Figuring out where methane emissions are happening, how big they are and who’s responsible has been a challenge. Methane also seeps from natural sources, like flooded wetlands, but the majority of methane emissions today come from human activity.

Persons: ”, Steven Hamburg, ’, Dr, Hamburg, MethaneSAT, “, Drew Shindell, wasn’t, Biden, Bjorn Otto Sverdrup Organizations: Environmental Defense Fund, Google, Duke University, MethaneSAT, Union, Oil, Climate Initiative, Star Locations: Texas, United States

☆ The Fed’s favored inflation gauge eases to slowest pace in more than two years
▼ + stars: | 2024-02-29 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

New York CNN —Rising prices continued to loom large in January, but new data released Thursday showed that inflation is still on a downward — albeit bumpy — path toward the Federal Reserve’s 2% target. The Personal Consumption Expenditures price index was up 2.4% for the 12 months that ended in January, a slowdown from December’s 2.6% increase, according to Commerce Department data released Thursday. The closely watched core PCE index that excludes energy and food edged down to 2.8%. While the latest read on the Fed’s preferred inflation gauge showed progress toward the central bank’s target, Thursday’s data also highlighted the choppiness of this yearslong battle to rein in spiking prices: Prices rose in January from December at their fastest clip in months. On a monthly basis, the PCE price index rose 0.3% and core jumped 0.4%.

Organizations: New, New York CNN, Federal, Commerce Department Locations: New York

☆ How China's property bubble burst
▼ + stars: | 2024-02-29 | by ( Gaelle Legrand | ) www.cnbc.com time to read: +1 min

Since China's economic liberalization in the 1970s and housing reforms in the late 1980s, locals have flocked to properties as the investment vehicle of choice over alternatives such as the stock market. The property and construction boom helped fuel China's – and the world's – economic growth for 30 years. By some estimates, property in China was worth $60 trillion at its peak, making it the biggest asset class in the world. But the country's property crisis has deeper roots than speculation and uncontrollable debt. Watch the video to find out how China's property bubble burst.

Persons: wasn't Locations: China, Beijing

Iran has made a concerted effort to rein in militias in Iraq and Syria after the United States retaliated with a series of airstrikes for the killing of three U.S. Army reservists this month. Initially, there were regional concerns that the tit-for-tat violence would lead to an escalation of the Middle East conflict. But since the Feb. 2 U.S. strikes, American officials say, there have been no attacks by Iran-backed militias on American bases in Iraq and only two minor ones in Syria. Before then, the U.S. military logged at least 170 attacks against American troops in four months, Pentagon officials said. The relative quiet reflects decisions by both sides and suggests that Iran does have some level of control over the militias.

Organizations: U.S . Army, U.S, Pentagon Locations: Iran, Iraq, Syria

☆ Google has another 'woke' AI problem with Gemini — and it's going to be hard to fix
▼ + stars: | 2024-02-26 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Read previewGoogle spent much of last week getting hammered for supposedly creating a "woke" AI chatbot and eventually apologized for "missing the mark." AdvertisementBut it's also going to be a problem for Google because it has already said it is trying to influence the way its AI produces results. And that's going to be red meat for anyone who wants to argue that Google — or any other Big Tech company — is "too woke." Last week, after getting similar criticism about the way Gemini handled race when it came to AI-generated images, Google "paused" Gemini's ability to create images. Pulling Gemini altogether would be a considerable black eye for the company, and one I think it will be incredibly reluctant to do.

Persons: —, Ben Thompson, Gemini, Hitler, Elon Musk's, Thompson, Sundar Pichai, Marc Andreessen, it's, they're, Prabhakar Raghavan, Raghavan, Google's, I'm Organizations: Service, Business, Google, Meta, Microsoft, Big Tech, Gemini

☆ An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry's tug-of-war with regulators
▼ + stars: | 2024-02-26 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.

Persons: —, Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal

☆ Trump appeals New York civil fraud loss as $454 million judgment grows with each day he doesn't pay up
▼ + stars: | 2024-02-26 | by ( Michael R. Sisak | Associated Press | ) www.businessinsider.com time to read: +6 min

Read previewNEW YORK (AP) — Donald Trump has appealed his $454 million New York civil fraud judgment, challenging a judge's finding that Trump lied about his wealth as he grew the real estate empire that launched him to stardom and the presidency. Trump's lawyers wrote in court papers that they're asking the appeals court to decide whether Engoron "committed errors of law and/or fact" and whether he abused his discretion and/or his jurisdiction. Among other penalties, the judge put strict limitations on the ability of Trump's company, the Trump Organization, to do business. Engoron ordered Trump to pay $355 million in penalties, but with interest the total has grown to nearly $454 million. If Trump is unsuccessful at the Appellate Division, he can ask the state's highest court, the Court of Appeals, to consider taking his case.

Persons: —, — Donald Trump, Trump, Arthur Engoron's, Letitia James, Engoron, Eric, Donald Trump Jr, schemed, Engoron's, Trump's, Christopher Kise, untethered, Alina Habba, Habba, Arthur Engoron, Shannon Stapleton, James, Democrat Joe Biden, Stormy Daniels, E, Jean Carroll, defaming, Carroll Organizations: Service, Business, Trump Organization, Trump, ABC, . New, Reuters, Division, D.C, Democrat Locations: York, New York, Engoron's, Georgia, Washington, Florida, Manhattan

☆ Judge bars NCAA from enforcing parts of its NIL policy for student-athletes
▼ + stars: | 2024-02-23 | by ( Jamiel Lynch | ) edition.cnn.com time to read: +3 min

CNN —A Tennessee judge has temporarily blocked the NCAA from enforcing parts of its interim policy that would have restricted how student athletes negotiate compensation for their names, images and likeness. The so-called NIL policy included NCAA bylaws that would have prohibited student athletes from negotiating with any third-party entity, including schools or boosters. To be sure, it is pure speculation to assume that student-athletes would receive more lucrative NIL deals in an open market. Fair market value may be equal to or less than the NIL deals student-athletes can currently receive after selecting a school. But without the give and take of a free market, student-athletes simply have no knowledge of their true NIL value.

Persons: CNN —, “, Jason Miyares, Chancellor Donde Plowman, Nico Iamaleava, Clifton L, Corker, ’ ”, ”, CNN’s Jacob Lev Organizations: CNN, Virginia, University of Tennessee, UT, Spyre Sports, NCAA, ” CNN Locations: Tennessee, Virginia, Commonwealth of Virginia

☆ Republicans are panicking about IVF treatment being restricted in Alabama
▼ + stars: | 2024-02-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

The former president's statement came as Republicans try to distance themselves from an Alabama ruling. The Alabama Supreme Court controversially found that frozen embryos are children. AdvertisementFormer President Donald Trump on Friday broke his silence on a controversial Alabama Supreme Court ruling that has threatened the future of access to in vitro fertilization. Trump's comments come after the White House and Democrats have torn into Republicans over the Alabama ruling. Alabama Attorney General Steve Marshall's office said that he "has no intention of using the recent Alabama Supreme Court decision as a basis for prosecuting IVF families or providers."

Persons: Trump, —, Donald Trump, Roe, Wade, Joe Biden's, Kellyanne Conway, NRSC, Jason Thielman, kZR5LqRt5p — Lauren Fox, Zev Williams, Kevin Stitt, Stitt, Politico, Jay Mitchell, Mitchell, Steve Marshall's, Kay Ivey Organizations: Alabama Supreme, Service, White House, Democrats, The New York Times, Senate Republican, Republican, Trump White House, National Republican, CNN, Pew Research Center, Columbia University Fertility Center, Oklahoma Gov, GOP, US, Alabama Republicans, Alabama Locations: Alabama, America, Oklahoma

☆ The Tesla chair was meant to rein in Elon Musk, but she's shunned the spotlight. A court ruling has dragged her into it.
▼ + stars: | 2024-02-21 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Not every CEO in charge of a publicly traded stock market giant gets to act like Elon Musk . But her tenure as chair came in for criticism last month after a Delaware judge voided Musk's $55.8 billion pay package approved by the Tesla board in March 2018. At trial, Denholm was not sure whether the Disclosure Committee was fulfilling its obligations under the SEC Settlement," McCormick's opinion noted. AdvertisementMcCormick also drew attention to how Musk changed his title to "Technoking of Tesla" in March 2021. Musk is also seeking to reincorporate Tesla in Texas from Delaware following the court decision in the state on his pay package.

Persons: Elon, Robyn Denholm, Denholm, She'd, Tesla, Musk, Judge Kathaleen McCormick, Judge McCormick, that's, McCormick, Musk's, “, Technoking ”, Elon Musk, Antonio Masiello, ”, …, reincorporate Tesla Organizations: Juniper Networks, Telstra, Blackbird Ventures, Business, Securities and Exchange Commission, SEC, New York Times, Board Locations: Australian, Delaware, Tesla, Texas

☆ A Massachusetts high school wants to call in the National Guard to help quell a 'disturbing increase' in violent fights, drug abuse, and truancy
▼ + stars: | 2024-02-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

A high school committee in Massachusetts has asked the National Guard for help as it struggles to rein in student violence and drug abuse in its halls. "The National Guard does bring positivity, we use them to deploy COVID vaccinations." Rodrigues suggested that National Guard service members or staff be deployed as hall monitors and substitute teachers. "I know that the first thought that comes to mind when you hear 'National Guard' is uniform and arms," said Gomes. National Guard soldiers are not the answer," he said in a statement on Monday, per local station Boston 25 News.

Persons: Brockton, Maura Healey, Robert Sullivan, Healey, We're, Ana Oliver, Tony Rodrigues, Rodrigues, Claudio Gomes, Gomes, They're, Winthrop Farwell, Sullivan, Brockton's, Ana Reyes Organizations: National Guard, Business, ABC, Guard, Facebook, Boston, Brockton, PBS Locations: Massachusetts, Brockton, Boston, truancy, Commonwealth

☆ The economy's gone from strength to strength after the pandemic — but no one quite knows why, or what comes next
▼ + stars: | 2024-02-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

America has gone from a pandemic crash and recession fears to stocks at record highs and an economic boom. Lockdowns, wars, shortages, inflation, interest rates, day trading, and AI have all played a role. Noam Galai/SOPA/Getty ImagesMany Americans also socked away money during the pandemic, as they saved on expenses like travel and live entertainment. Stimulus-fueled demand, combined with pandemic and war-related supply disruptions, caused inflation to spike to a 40-year high of 9.1% in June that year. The Fed swiftly raised interest rates to rein in the price growth, lifting them from virtually zero to upward of 5% in under 18 months, and hasn't touched them since.

Persons: —, We've, Noam Galai, hasn't, It's, dory Organizations: Service, Federal Reserve, GameStop, AMC Entertainment, AMC, Bank Locations: America, China, Ukraine

☆ Europe is nervous about a potential Trump win. China sees an opportunity
▼ + stars: | 2024-02-19 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

China – which has not condemned Russia’s invasion and claims impartiality in the conflict – has also emerged as a key lifeline for the sanctions-hit Russian economy. In Europe, this has galvanized concerns about China’s own global ambitions and played a role in the European Union’s ongoing push to recalibrate its policy toward China. EU foreign policy chief Josep Borrell reiterated the EU’s “expectation that China refrains from supporting Russia,” in a meeting with Wang Friday. “As long as war in Ukraine continues, EU policies toward China will move into closer alignment with the US. As president, Trump not only voiced skepticism of the system of US alliances in Europe, but leveraged tariffs on European steel and aluminum, sparking retaliatory measures on US goods from Europe.

Persons: Hong Kong CNN —, Wang Yi, Wang, Donald Trump, Trump, ” Wang, Alexey Navalny, Vladimir Putin’s, “, ”, Noah Barkin, Maxym Marusenko, Putin, Xi Jinping, –, Jens Stoltenberg, Josep Borrell, Christoph Heusgen, Dmytro Kuleba, Xi, hasn’t, It’s, Kuleba, Vladimir Putin, Xie Huanchi, Yu Jie, ‘, Liu Dongshu, “ Wang Yi, China …, ” Liu, Emmanuel Macron, GMF Organizations: Hong Kong CNN, Munich, Washington, NATO, German Marshall Fund of, Communist Party, Wang Friday, Bloomberg, CNN, China’s, Ministry, ”, Ukrainian, Security, Beijing, Peace, Getty, ’ Observers, US, Chatham House, City University of Hong, “, White Locations: China, Hong Kong, States, Europe, Ukraine, Beijing, Munich, Moscow, Russia, United States, Russian, Ukraine's Kharkiv, West . China, Taiwan, EU, ”, China’s, Asia, Pacific, ” Beijing, Switzerland, Xinhua, London, Spain, France, City University of Hong Kong’s, Washington, York

In addition to the $355 million penalty — payback of what the judge deemed “ill-gotten gains” from his spurious financial statements — Trump is required to pay interest on that amount. James’ office calculates that, to date, Trump owes an additional $98.6 million in interest, bringing his total penalty to $453.5 million. Trump used $170 million of the $375 million to pay off a loan on the property. — $60 million, plus interest, from selling the rights to manage a New York City golf course in June 2023. Trump testified that regardless of what his financial statements said, banks did their own due diligence and would’ve qualified him for the loans anyway.

Persons: Donald Trump, “, ”, Arthur Engoron, Letitia James, who’s, Trump, who's, Friday's, what's, Engoron, James ’, Allen Weisselberg, Jeffrey McConney, — Trump, Eric, Donald Trump Jr, Donald Jr, untethered, ” Trump, Christopher Kise, would’ve, James, Engoron’s, Barbara Jones, Michael Cohen, Cohen, —, Forbes, Trump “, ” Engoron, Michael Cohen's Organizations: Republican, Trump, Trump Organization, longtime Trump Organization, TRUMP, New, Deutsche, Trump International Hotel, Waldorf, Bally's Corporation, Trump Organization finance, Division, Democrat Locations: New York, New, Manhattan, Lago, Florida, Miami, Chicago, Washington, New York City, Engoron’s, York, Trump

“It isn't just sort of creepy,” said Washington state Rep. Vandana Slatter, the sponsor of a law her state adopted last year to rein in unauthorized use of health information. X-Mode was also found to have sold location data to the U.S. military. In Virginia, legislation that would prohibit the issuance of search warrants, subpoenas or court orders for electronic or digital menstrual health data recently cleared both chambers of the Democratic-controlled General Assembly. “The next step to enforcing an abortion ban could be accessing menstrual health data, which is why I’m trying to protect that data,” Favola said in a committee hearing. “The software supply chain is extremely polluted with location tracking of individuals,” he said.

Persons: Roe, ”, Vandana Slatter, “, Albert Fox Cahn, Sen, Ron Wyden, Wyden, He’s, It's, Washington's, Andrea Frey, Democratic Sen, Barbara Favola, Glenn Youngkin, ” Favola, Favola, “ It’s, Republican Sen, Mark Peake, Youngkin's, Sean O'Brien, he's, ___ Mulvihill, Frank Bajak, Sarah Rankin Organizations: Democratic, Supreme, Wade, Oregon Democrat, Intelligence, The Veritas Society, Wisconsin, Federal Trade Commission, Securities Exchange Commission, FTC, ., Democrat, Republicans, Connecticut, Assembly, Virginia Gov, Republican, Yale Privacy, Associated Press Locations: U.S, Washington, Oregon, Wisconsin, Massachusetts, Nevada, York, California, Maryland, ” Illinois, Hawaii , Illinois, Maine , Maryland , Massachusetts , Missouri, South Carolina, Vermont, In Virginia, Cherry Hill , New Jersey, Boston, Richmond , Virginia

☆ The Antitrust Enforcers Aimed at Big Tech. Then Came the Backlash.
▼ + stars: | 2024-02-16 | by ( Jin Yu Young | Daisuke Wakabayashi | ) www.nytimes.com time to read: +1 min

The South Korean government unleashed a wave of panic across the internet industry: The country’s antitrust regulator said it would enact the toughest competition law outside Europe, curbing the influence of major technology companies. The Korea Fair Trade Commission, with the backing of President Yoon Suk Yeol, said in December that it planned to make a proposal modeled after the 2022 Digital Markets Act, the European Union’s landmark law to rein in American tech giants. This bill also seemed to target South Korea’s own internet conglomerates just as much as the Alphabets, Apples and Metas of the world. The commission said the law would designate certain companies as dominant platforms and limit their ability to use strongholds in one online business to expand into new areas. After a furious backlash from South Korean industry lobbyists and consumers, and even the U.S. government, the Fair Trade Commission said it would delay the bill’s formal introduction to solicit more opinions.

Persons: Yoon Suk Yeol Organizations: South, Korea Fair Trade, ., Fair Trade Commission Locations: Europe, South

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