Enlarge (credit: Getty Images | SimpleImages) European regulators have agreed on a Digital Markets Act that would impose a variety of new requirements on Big Tech companies classified as “gatekeepers.” Final votes on the legislation are still pending. “The text provisionally agreed by Parliament and Council negotiators targets large companies providing so-called ‘core platform services’ […]
Tag: Policy
Russia can’t find enough buyers for its oil, considers selling in bitcoin
Enlarge / The sun sets beyond an oil pumping unit, also known as a pumping jack, at a drilling site operated by Tatneft OAO near Almetyevsk, Russia. (credit: Andrey Rudakov/Bloomberg) Russia’s economy is in shambles, and the value of the ruble has plummeted as the country finds itself increasingly isolated from global trade in the […]
GameStop stiffed Boston Consulting Group on $30 million in fees, lawsuit says
Enlarge / GameStop branch in Munich, Germany on November 23, 2021. (credit: Getty Images | NurPhoto ) GameStop has refused to pay $30 million in fees to Boston Consulting Group (BCG), the consulting firm alleged in a lawsuit filed Tuesday . BCG said that GameStop has “unpaid fees of approximately $30, 000, 000” but added […]
FBI trolls Russian embassy with geotargeted ads for disgruntled spies
Enlarge (credit: Aurich Lawson | Getty Images) The FBI’s latest counterintelligence operation against Russia is hardly secretive—you just have to be standing in the right place. In the wake of Russian President Vladimir Putin’s unprovoked invasion of Ukraine, the F has stepped up its recruiting efforts in the US, hoping to attract Russians who are […]
AARP-backed social network looks to lure older users from Facebook
Enlarge (credit: Shutterstock) Facebook, which turned 18 last month, has developed something of a reputation for being the social network for older Americans. That reputation is not unearned—according to a Pew Research Center survey, nearly 72 million Americans over the age of 50 use Facebook. And while the platform still has more users under the age […]
Oil-refining giant Koch Industries invests nearly $1B in battery companies
Enlarge / Koch Industries Inc. headquarters in Wichita, Kansas. (credit: Larry W. Smith/Bloomberg) Koch Industries—the conglomerate owned by Charles Koch and the heirs of David Koch, men who donated heavily to groups that helped politicize the science of climate change—is reportedly investing hundreds of millions of dollars in battery companies. The privately held company has […]
Google routinely hides emails from litigation by CCing attorneys, DOJ alleges
Enlarge / Google CEO Sundar Pichai uses his phone during the Allen & Company Sun Valley Conference on July 12, 2018, in Sun Valley, Idaho. (credit: Getty Images | Drew Angerer ) The US Department of Justice and 14 state attorneys general yesterday asked a federal judge to sanction Google for misusing attorney-client privilege in […]
Apple employee spent a decade defrauding company of $10M, DOJ says
Enlarge / Repairing an Apple iPhone. (credit: Patrick Pleul/picture alliance) Under CEO Tim Cook’s watchful eye, Apple has become famous for its tightly managed supply chain. Yet even the most finely tuned machines run into problems from time to time. The case of Dhirendra Prasad appears to be one of those times. Prasad’s time at […]
SEC will require companies to list greenhouse emissions, climate risks
Enlarge / It can be tough to run a business when your loading dock is under water. (credit: Getty Images) On Monday, the US Securities and Exchange Commission (SEC) announced new rules about disclosing climate risks for companies listed on US-based stock exchanges. The rules are meant to give investors a clearer sense of how […]
Starlink helps Ukraine’s elite drone unit target and destroy Russian tanks
Enlarge / Ukrainian Vice Prime Minister Mykhailo Fedorov shared this photo of Starlink user terminals on March 18. (credit: Mykhailo Fedorov) SpaceX’s Starlink Internet is proving to be useful for Ukraine’s military as it fights the Russian invasion. In an article Friday titled, “Elon Musk’s Starlink helping Ukraine to win the drone war,” The Telegraph […]