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LONDON (AP) — The European Union said Monday it is investigating whether TikTok has broken the bloc's strict new digital rules for cleaning up social media and keeping internet users safe. The European Commission, the EU's executive branch, said it has “opened formal proceedings to assess" whether TikTok has breached the Digital Services Act, which took effect last year. The commission is focusing on whether TikTok is doing enough to curb “systemic risks” stemming from its design, including "algorithmic systems" that might stimulate “behavioral addictions." The EU has deemed nearly two dozen of the biggest online and social media platforms including TikTok, as ones that deserve the highest level of scrutiny under the DSA and hefty fines if they fail to comply. The bloc is already investigating Elon Musk’s X, previously known as Twitter, for breaches including failure to curb the spread of illegal content.
Persons: TikTok, ” Thierry Breton, We’ll, Elon Musk’s Organizations: Union, European Commission, Digital Services, DSA, EU
LONDON (AP) — The European Union is expanding its strict digital rulebook on Saturday to almost all online platforms in the bloc, in the next phase of its crackdown on toxic social media content and dodgy ecommerce products that began last year by targeting the most popular services. The EU's trailblazing Digital Services Act has already kicked in for nearly two dozen of the biggest online platforms, including Facebook, Instagram, YouTube, Amazon and Wikipedia. Now the rules will apply to nearly all online platforms, marketplaces and “intermediaries” with users in the 27-nation bloc. It includes popular ones such as eBay and OnlyFans that escaped being classed as the biggest online platforms requiring extra scrutiny. Platfoms must explain content moderation decisions, and will have to tell users why their post was taken down or account suspended.
Persons: Margrethe Vestager, Elon Organizations: Facebook, YouTube, DSA, eBay, Member, EU Locations: Member States
By Martin CoulterLONDON (Reuters) - Google is preparing to launch an anti-misinformation campaign across five countries in the European Union (EU), the company told Reuters ahead of the bloc's parliamentary elections and tougher new rules tackling online content. France, Poland and Germany accused Russia on Monday of putting together an elaborate network of websites to spread pro-Russian propaganda. Jigsaw's ads will be translated into all 24 official EU languages, the company said. The campaign will run for at least one month, with a view to extend it based on reach and performance. Results from the campaign, including survey responses and the number of people reached, are expected to be published in summer 2024.
Persons: Martin Coulter, Jigsaw, We've, Beth Goldberg, Goldberg, Matt Scuffham, Elaine Hardcastle Organizations: Martin Coulter LONDON, Google, European Union, Russia, Europe's Digital Services, YouTube, Universities of Cambridge Locations: France, Poland, Germany, Belgium, Italy, Europe, Bristol, Ukraine
Here’s a closer look at how child safety is regulated on social media platforms in other parts of the world. “It will take a couple of years until the first round of the audits of social media companies mandated in the DSA are published,” he said. Can social media companies be sued in the EU? At the same time, however, China’s government also largely blocks access to social media platforms as part of its efforts to monitor and censor the internet. And in Brazil, a data protection law includes special protections for children’s data, including consent to share personal data.
Persons: Here’s, Apple –, what’s, haven’t, Fernando Hortal Foronda, , , Asha Allen, Brian Fung, Clare Duffy Organizations: CNN, European, Meta, Apple, Digital Services, Companies, Big Tech, EU, European Consumer Organisation, DSA, ” Tech, European Commission, EU’s Digital Service, Centre of Democracy and Technology, Justice, European Union, Minor Protection Locations: EU, Centre of Democracy and Technology Europe, China, India, Brazil
DBS Group Holdings suffered an outage in its digital services on March 29, 2023. SINGAPORE — DBS Group reported record earnings for the full year in 2023, but cut the variable compensation for its senior management to "hold them accountable" for a number of digital disruptions that year. For the full year, net profit jumped 26% to a record SG$10.3 billion compared to SG$8.19 billion in 2022. Data from LSEG showed analysts expected a net profit of SG$2.37 billion in that quarter. In March 2023, DBS' digital services were disrupted for about 10 hours, and during that time, users were not able to access online banking services or make trades via its brokerage.
Persons: Piyush Gupta Organizations: DBS Group Holdings, SINGAPORE — DBS, LSEG, DBS, Monetary Authority of Locations: SINGAPORE, Asia's, Singapore, Monetary Authority of Singapore
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailX followed none of the safeguards from Digital Services Act after Oct. 7 attacks, says EU's VestagerMargarethe Vestager, European Union Commissioner for Competition, joins 'Squawk on the Street' to discuss who to blame for the lack of child safety on social media, if Europe has laid a blueprint for how social media should be regulated in the U.S., and much more.
Persons: EU's Vestager Margarethe Vestager Organizations: Digital Services, European Union, Competition Locations: Europe, U.S
More than 5,500 tech layoffs less than two weeks into 2024The latest rounds of tech job cuts are occurring across a range of roles and in both Big Tech companies and smaller startups. There were some 262,682 tech industry layoffs recorded in 2023, per Layoffs.fyi data, after 164,969 cuts the previous year. Against that backdrop, the tech industry went on a remarkable hiring spree. Disparate impacts of tech job cuts come under scrutinyAs the tech industry layoffs continue, labor advocates and even lawmakers are taking notice. “Recent findings have consistently shown that minorities and women are vastly overrepresented in industry layoffs,” the letter said.
Persons: Roger Lee, Lee, Dropbox, Goldman Sachs, Parul, Koul, , Emanuel Cleaver, Missouri, Barbara Lee of, Julie Su Organizations: CNN, Big Tech, Tech, Google, Unity Software, , Chegg, IBM, Alphabet Workers, CWA, Democratic, American, Labor, Department of Labor Locations: Silicon Valley, Barbara Lee of California
Xerox to cut 15% of its workforce
  + stars: | 2024-01-03 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +1 min
Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model. Xerox, which offers digital printing and document management technologies, had about 20,500 employees as of Dec. 31, 2022, according to a filing with the U.S. Securities and Exchange Commission. The company's restructuring plan involves simplifying its products within its core print business, increasing efficiency across its global business services and boosting focus on IT and other digital services, according to a release. Xerox said it also redesigned its executive team to help carry out the new model. Xerox will carry out the cuts this quarter, according to the release.
Persons: Steven Bandrowczak Organizations: Xerox, Wednesday, U.S . Securities, Exchange Commission, CNBC PRO
CNN —Accounting for up to 1.5% of global electricity use, data centers are fueling the climate crisis. WindCORES, a subsidiary of German renewable electricity company WestfalenWIND, operates data centers inside wind turbines located in a wind park in the Paderborn district in western Germany, which the company says makes the centers almost carbon neutral. The concept uses existing wind turbines to power data centers on site, while fiber optic cables provide a constant internet connection. WindCORES estimates that the unused electricity generated during this period could power one-third of all German data centers. Zattoo joined windCORES in 2020, when it moved one of its six data centers into a wind turbine in Paderborn.
Persons: , Fiete Dubberke, Dubberke, WestfalenWIND, windCORES, Zattoo, Viliyana Ivanova, , Viliyana, windCORES Dubberke, Zattoo’s, Asim Hussain, that’s, they’ve, ” Hussain, ” WindCORES, Klee Organizations: CNN, windCORES, Green Software Foundation Locations: Paderborn, Germany, , , Lichtenau, Munich
To use precise consumer data, advertisers now must work directly with the company that owns that data — like the retailer that knows what its customers bought or the media company that knows what its audience watched. Streamers including Netflix are building new ad businesses, while platforms like YouTube are trying to bolster their existing ad businesses with more content, such as live sports. "In a world of less data or worse data, whoever has the least-bad data wins," Brian Wieser, an advertising-industry analyst, told Business Insider. Even companies that aren't traditional retailers, such as Uber and Marriott, have kick-started ad businesses. The pandemic pushed the world to embrace streaming services.
Persons: Ana Milicevic, Brian Wieser, Sephora, Morgan Stanley, Milicevic, Neal Mohan, Vinny Rinaldi, Hershey's, Taylor, it's, Weiser, Wieser, influencers Organizations: Data, Apple, Sparrow Advisers, Walmart, Netflix, Companies, Retailers, Target, Marriott, Amazon, Major League Soccer, NFL, Columbia, Bose, YouTube, Advertising, Comcast, Hulu, Meta Locations: California, influencers
EU flag and Meta logo are seen in this illustration taken, May 22, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Dec 1 (Reuters) - EU tech regulators on Friday ordered Meta Platforms (META.O) to provide details on measures taken to tackle child sexual abuse material on Instagram by Dec. 22. "Information is also requested about Instagram's recommender system and amplification of potentially harmful content," the European Commission said in a statement. The request for information was done under the EU's Digital Services Act (DSA), new tech rules requiring Big Tech to do more to police illegal and harmful content on their platforms. Reporting by Foo Yun Chee in Brussels and Charlotte Van Campenhout in Amsterdam;Our Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Foo Yun Chee, Charlotte Van Campenhout Organizations: REUTERS, Rights, European Commission, EU's Digital Services, Big Tech, Thomson Locations: EU, Brussels, Amsterdam
BRUSSELS (Reuters) - EU tech regulators on Friday ordered Meta Platforms to provide details on measures taken to tackle child sexual abuse material on Instagram by Dec. 22. "Information is also requested about Instagram's recommender system and amplification of potentially harmful content," the European Commission said in a statement. The request for information was done under the EU's Digital Services Act (DSA), new tech rules requiring Big Tech to do more to police illegal and harmful content on their platforms. (Reporting by Foo Yun Chee in Brussels and Charlotte Van Campenhout in Amsterdam)
Persons: Foo Yun Chee, Charlotte Van Campenhout Organizations: European Commission, EU's Digital Services, Big Tech Locations: BRUSSELS, EU, Brussels, Amsterdam
Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsNov 30 (Reuters) - Metro Bank (MTRO.L) on Thursday announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20% of its staff and axe some of its biggest customer perks including seven-day opening hours. The lender expects to take a lower-than-expected one-off restructuring charge of between 10 million pounds and 15 million pounds in 2023. Metro Bank did not immediately respond to a request for clarification on the precise number of roles at risk, but the lender employs around 4,000 people, according to its latest annual report. It is also reviewing its seven-day opening and extended store hours and will "selectively streamline lending" to focus on relationship banking to maximise risk-adjusted returns.
Persons: Hannah McKay, Jaime Gilinski, Daniel Frumkin, outflows, Yadarisa, Sinead Cruise, Elizabeth Howcroft, Rashmi Aich, Sherry Jacob, Phillips, Sharon Singleton Organizations: Metro Bank, REUTERS, Metro, Thomson Locations: London, Britain, Colombian, Bengaluru
In recent months, the campaign has spun up the internal task force, dubbed the “Social Media, AI, Mis/Disinformation (SAID) Legal Advisory Group,” part of a broader effort across the campaign to counter all forms of disinformation, TJ Ducklo, a senior adviser to the Biden campaign, told CNN. It aims to have enough prepared to be able to run a campaign-wide tabletop exercise in the first half of 2024. Existing US election law prohibits campaigns from “fraudulently misrepresenting other candidates or political parties,” but whether this prohibition extends to AI-generated content is an open question. Any political advertiser that uses deepfakes in ads on Facebook or Instagram will need to disclose that fact, it said. The Meta report details how some social media platforms are grappling with how to handle deceptive uses of AI.
Persons: Joe Biden’s, Biden, , Arpit Garg, TJ Ducklo, Garg, Maury Riggan, , Chuck Schumer, Schumer, Hany Farid, , Meta, Darren Linvill Organizations: CNN, Department of Homeland, Social Media, European Union, Digital Services, Republicans, Federal, Republican National Committee, Democratic National Committee, University of California, Facebook, Clemson University’s, RNC Locations: European, Florida, Berkeley, United States
Most online hate targets women, says EU report
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: +2 min
Nov 29 (Reuters) - Women are the main targets of online hate, including abusive language, harassment and incitement to sexual violence, a European Union report said on Wednesday. The study was conducted on YouTube, Telegram, Reddit and X - formerly known as Twitter - in four EU countries between January and June 2022. It showed women were the main targets across all platforms and countries involved. "The sheer volume of hate we identified on social media clearly shows that the EU, its Member States, and online platforms can step up their efforts to create a safer online space for all," FRA director Michael O'Flaherty said in a statement. Tech giants have been facing mounting scrutiny recently, with a surge in harmful content and disinformation following the Israel-Hamas war.
Persons: Michael O'Flaherty, Diana Mandiá, Milla Nissi, Angus MacSwan Organizations: EU's Agency, Fundamental Rights, YouTube, EU, EU's Digital Services, European Commission, Facebook, Tech, Thomson Locations: Roma, Bulgaria, Germany, Italy, Sweden, Israel, Gdansk
Widespread mobile ownership, together with rapid digitalization after the pandemic, helped spur the expansion of digital financial services in Southeast Asia, said PwC. PwC"This enhanced availability and convenience of digital payments will see the bulk of the regional population leveraging mainstream digital financial products, such as e-wallets, further expediting the expansion of financial services," said PwC. watch now"Consumers are adopting digital financial services at a rapid pace. Cash is no longer king, as digital payments now make up more than 50% of the region's transactions," a recent Google, Temasek and Bain & Company report wrote. "In some regions such as Southeast Asia, [digital payments via e-wallets] are already more common than physical card payments and set to dominate point-of-sale [systems] overall," wrote Dan Jones and Alex Walker of OliverWyman.
Persons: PwC, hawkers, , Cash, Dan Jones, Alex Walker of OliverWyman Organizations: Banking, Getty, Careem, Mercado Libre, Temasek, Bain & Company Locations: China, East Asia, Shanghai, Banking Asia, Asia, Southeast Asia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Brunei, Laos, Cambodia, Paytm, India, AliPay, Latin America
A man speaks on a mobile phone in front of the head office of HSBC bank in Mumbai November 20, 2008. REUTERS/Arko Datta/File Photo Acquire Licensing RightsLONDON, Nov 24 (Reuters) - Thousands of HSBC (HSBA.L) customers in Britain on Friday reported they were unable to access some mobile and online banking services, the latest in a long-running series of such problems for British banks. "We’re working hard to restore HSBC UK’s Mobile and Online Banking service, including the authorising of online card purchases via the app," a spokesperson for the bank said. "We understand this is really frustrating for some of our customers, and we are really sorry for the inconvenience." "This HSBC outage will cause a real headache for a lot of its customers.
Persons: Arko Datta, Sam Richardson, Lawrence White, Hugh Lawson, Louise Heavens Organizations: HSBC, REUTERS, HSBC UK’s Mobile, Banking, Consumer, Bank of England, Thomson Locations: Mumbai, Britain
“We have seen an alarming increase in disinformation and hate speech on several social media platforms in recent weeks,” Johannes Bahrke, a European Commission spokesperson, said Friday. That means, should the European Commission find that X has broken DSA rules, the company could be fined as much as $180 million. So far, only two states, Italy and Hungary, have done so, a commission spokesperson told CNN. The European Commission, which recently sounded the alarm on a sharp rise in antisemitism in Europe, has so far stopped short of criticizing Musk directly. A commission spokesperson declined to comment to CNN on Musk’s X post from last Wednesday.
Persons: ” Johannes Bahrke, Bahrke, X, TikTok, , Musk, hasn’t, Andrew Bates, , Ferda, Ataman, Musk ”, Sandra Wachter, ” Wachter Organizations: London CNN, Elon Musk’s, Twitter, European Commission, Commission, Hamas, Facebook, Social, Digital Services, DSA, CNN, Disney, Paramount, Musk’s, White, European, Discrimination Agency, , Oxford Internet Institute Locations: Israel, Italy, Hungary, Gaza, Pittsburgh, Europe, Germany, Spain, Austria, , Federal
I want to earn more passive income, so I asked financial pros how to start with just $500. One of the biggest things I'm working on this year is finding more ways to make passive income. Here are five tips, from financial planners and financial advisors, on how to start making passive income by investing just $500 or less. Start a side hustleIf you ever wanted to start your own business with the hope of it bringing in some side passive income, financial planner Tania P. Brown says you can start with just $500. High-yield ETFs or mutual fundsOne of the first ways I made passive income was through a high-yield savings account, but I've never considered other high-yield accounts.
Persons: crowdfunding, , I've, crowdfunding I've, Cynthia Meyer, Meyer, Prosper, Justin Yoo, Yoo, Wealthfront, Read, Tania P, Brown, Alex Caswell, Caswell Organizations: Service
Wagner left Facebook parent Meta last year, and her work in trust and safety feels like it was from a prior era. One of her first investments was in a startup called Cove, which was founded by former Meta trust and safety staffers. "One thing I would recommend is transparency at a time where third-party access and understanding to what is going on at scale on social platforms is what is needed." Post is an example of the kinds of companies that trust and safety startups are focused on. Fishman said customers are starting to see trust and safety tools as almost an extension of their cybersecurity budgets.
Persons: Joshua Bratt, Lauren Wagner, Wagner, Mandel Ngan, Roblox, Wagner's, Michael Dworsky, it's, Mason Silber, Donald Trump, Manu Aggarwal, Aggarwal, Abhijnan Dasgupta, Sara Ittelson, Ittelson, Cove's Dworsky, they'd, Alex Goldenberg, Noam Bardin, he's, Bardin, that's, Brian Fishman, Cinder, Fishman Organizations: Meta, Facebook, Hamas, Twitter, Radium Ventures, White, AFP, Getty, CNBC, Innovation Labs, Google, Apple, Republican, Everest Group, Accenture, Genpact, Big Tech, Tech, Venture, Accel, European, Digital Services, Defamation League, Network, Research, Rumble Locations: King's Cross, London, Israel, Washington ,, San Francisco, Russia, Ukraine, Georgia, Cinder, who's, ActiveFence
EU asks Amazon to clarify its measures to protect customers
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: 1 min
The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsBRUSSELS, Nov 15 (Reuters) - The European Commission on Wednesday said it had given Amazon (AMZN.O) until Dec. 6 to provide more information on measures the online retailer takes to protect customers against illegal products. Under new online content rules known as the Digital Services Act (DSA) which came into force recently, major online platforms are required to do more to take down illegal and harmful content or risk fines of as much as 6% of their global turnover. Reporting by Bart Meijer; editing by Charlotte Van Campenhout and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Bart Meijer, Charlotte Van Campenhout, Jason Neely Organizations: Amazon, REUTERS, Rights, European Commission, Digital Services, Thomson Locations: New York City, U.S, Rights BRUSSELS
WASHINGTON (AP) — The Federal Communications Commission has enacted new rules intended to eliminate discrimination in access to internet services, a move which regulators are calling the first major U.S. digital civil rights policy. FCC Chairwoman Jessica Rosenworcel said that Congress required the agency to adopt rules addressing digital discrimination, through bipartisan infrastructure legislation passed at the start of the Biden administration. Poorer, less white neighborhoods were found to have received lower investment in broadband infrastructure and offered worse deals for internet service than comparatively whiter and higher-income areas. It is simply not plausible that we could prevent and eliminate digital discrimination by solely, solely addressing intentional discrimination,” said fellow commissioner Geoffrey Starks. President Joe Biden has said the investments in the bipartisan infrastructure law are meant to connect every U.S. household to quality internet service by 2030 regardless of income or identity.
Persons: Jessica Rosenworcel, Biden, ” Rosenworcel, , Nicol Turner Lee, Brendan Carr, “ It’s, Carr, Geoffrey Starks, , Trump, Joe Biden, Christopher Ali, “ That’s, Ali, ” Ali, ” ___ Matt Brown Organizations: WASHINGTON, Federal Communications Commission, FCC, Associated Press, Center for Technology Innovation, Brookings Institution, National Cable and Telecommunications Association, Free Press, Pennsylvania State University Locations: U.S,
[1/2] A sign is pictured outside a Google office near the company's headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo Acquire Licensing RightsBRUSSELS/STOCKHOLM, Nov 14 (Reuters) - Microsoft and Google will not challenge an EU law requiring them to make it easier for users to move between competing services such as social media platforms and internet browsers. As part of its latest crackdown on Big Tech, the European Union in September picked 22 "gatekeeper" services, run by six of the world's biggest tech companies, to face new rules . The Digital Markets Act (DMA) requires these gatekeepers to inter-operate their messaging apps with competitors and allow users to decide which apps they pre-install on their devices. The DMA will apply to services from Alphabet (GOOGL.O), Amazon (AMZN.O), Apple (AAPL.O), Meta (META.O), Microsoft (MSFT.O) and TikTok owner ByteDance.
Persons: Paresh Dave, ByteDance, Meta, WhatsApp, TikTok, Foo Yun Chee, Supantha Mukherjee, Sharon Singleton, Alexander Smith Organizations: REUTERS, Microsoft, Google, Big Tech, European Union, Markets, Apple, Amazon, Digital Services, European Commission, Digital Markets, Windows, LinkedIn, Industry, Reuters, Facebook, Bloomberg, Thomson Locations: Mountain View , California, U.S, BRUSSELS, STOCKHOLM, Luxembourg, Brussels, Stockholm
The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman Acquire Licensing RightsBRUSSELS, Nov 10 (Reuters) - Facebook owner Meta Platforms (META.O) and social media company Snap (SNAP.N) have been given a Dec. 1 deadline by the EU to give more information on how they protect children from illegal and harmful content, the European Commission said on Friday. The request for information on the measures the companies have taken to improve the protection of minors comes a day after a similar message by the European Union to Alphabet's (GOOGL.O) YouTube and TikTok. The Commission last month also sent companies including Meta, X and TikTok urgent orders to detail measures taken to counter the spread of content related to terrorism, violent content and hate speech on their platforms. The Commission can open investigations into the companies if it is not satisfied with their responses.
Persons: Yves Herman Acquire, Bart Meijer, Sharon Singleton Organizations: REUTERS, Rights, Meta, EU, European Commission, European Union, YouTube, Digital Services, Thomson Locations: Brussels, Belgium, Rights BRUSSELS
The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. Apple did not immediately respond to Reuters request for comment, while the EU declined to comment. Even with the potential appeal, Apple will still be required to comply with the rules from March. Apple said in a filing this month it expects to make changes to the App Store as a result of the bloc's new rules. Reporting by Chandni Shah and Yuvraj Malik in Bengaluru; Editing by Anil D'Silva and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Mike Segar, Apple, Chandni Shah, Yuvraj Malik, Anil D'Silva, Arun Koyyur Organizations: Apple Inc, Apple, REUTERS, Bloomberg, Markets, EU Commission, Google, Digital Services, Thomson Locations: Manhattan , New York, U.S, EU's, Bengaluru
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