Tag: Region US

The US on Wednesday slapped sanctions on several entities based in Turkey and the United Arab Emirates which it said had violated US export controls and helped Russia’s war effort in Ukraine. The firms were included in a new list of sanctions rolled out by the US Treasury Department against more than 120 targets across over 20 countries and jurisdictions….

One of the most notorious privacy-breaching tech companies in operation, Clearview AI, has, according to its CEO, scraped 30 billion social media photos, packaged and curated them, and passed them along to the surveillance state authorities to do with what they will (in the dark, with no oversight, naturally, as the Founders warned such authorities would if left unchecked). Clearview’s…

When Member of Parliament Kenny Chiu was contacted by the Canadian Security Intelligence Service (CSIS) ahead of Canada’s federal election in 2021, he was puzzled. He had never expected to be part of a CSIS investigation, let alone one that required an in-person talk at the height of Canada’s COVID-19 pandemic. “At that time, everything had moved online, so it was…

In a preliminary victory in the continuing fight against privacy-invasive software that “watches” students taking tests remotely, a French administrative court outside Paris suspended a university’s use of the e-proctoring platform TestWe, which monitors students through facial recognition and algorithmic analysis.

TestWe software, much like Proctorio, Examsoft, and other proctoring apps we’ve called out for intrusive monitoring of exam takers, constantly tracks students’ eye movements and their surroundings using video and sound analysis. The court in Montreuil, France, ruled that such “permanent surveillance of bodies and sounds” is unreasonable and excessive for the purpose preventing cheating.

There’s growing evidence that passing a comprehensive privacy law at the state level is a multiyear endeavor. There are anomalies among existing laws on the books, but most legislatures take two years or more to pass a bill.

Indiana is the latest example of how the process plays out, as it’s on the verge of adding to the pile of comprehensive state privacy laws. The Indiana House took a unanimous 98-0 vote to grant final passage to Senate Bill 5 on consumer data protection a year after the bill stalled in the same chamber.

The Indiana Senate, which already voted 49-0 to approve SB 5 on 9 Feb., will vote on concurrence, a perceived formality before the bill heads to Gov. Eric Holcomb, R-Ind., for a final signature. Holcomb has seven days upon transmission to act on the bill, with a definitive veto the only way it will not become a law.

Disgraced Theranos CEO Elizabeth Holmes has been rebuffed in her attempt to stay out of federal prison while she appeals her conviction for the fraud she committed while overseeing a blood-testing scam.

Almost 6 in 10 U.S. adults in a new poll report they’re living paycheck-to-paycheck amid an economic landscape fraught with inflation and recession fears.

A CNBC-Momentive survey on financial confidence found that 58 percent of Americans say they’re living paycheck-to-paycheck, and that 70 percent said they feel stressed about their personal finances.

Nearly 80 percent of respondents making less than $50,000 and 74 percent making between $50,000 and $99,999 said they’re stressed about their finances. And even among those making $100,000 or more, 57 percent still said they’re stressed.

Nearly 80 percent of respondents making less than $50,000 say they’re living paycheck-to-paycheck, compared to just 32 percent of those making $100,000 or more.

Western media seems to be actively trying to create an “information tsunami” about the topic, according to Pushilin, who suggested it could mean the leaks may have been deliberate.

“Who knows, this could be the preparation of the global community for a possible reduction in support for Ukraine on the eve of the highly publicized counteroffensive by the Ukrainian Armed Forces,” Pushilin wrote. He also said, however, that regardless of the content of the leaked documents or the true intentions of the West, Russia’s task is to continue working and not respond to provocations.

Calls to break up Big Ag have resurfaced after a large egg producer in the U.S. announced windfall profits. A March 28 press release by Cal-Maine Foods said the Mississippi-based egg producer recorded a total revenue of $997.5 million – a 109 percent increase – for the quarter ending Feb. 25. Cal-Maine Foods’ profit for the same period shot up by 718 percent to $323.2 million.

“Our results are reflective of a dynamic market environment with higher average selling prices and favorable demand,” said Cal-Maine President Sherman Miller. “Elevated market pricing continues, primarily due to the impact of the ongoing epidemic of highly pathogenic avian influenza, which has significantly reduced the nation’s egg-laying capacity.”

“U.S. egg inventories were 29 percent lower in the final week of December 2022 than at the beginning of the year,” said the U.S. Department of Agriculture. It added that more than 43 million egg-laying hens were lost to either the avian flu itself or culling measures to stop the disease since the outbreak began in February 2022. (Related: Government says “bird flu” responsible for rising egg prices.)

Twitter chief Elon Musk fired three top executives when he took over the social media platform. The then company CEO Parag Agrawal, policy chief Vijaya Gadde along with CFO Nel Segal were removed from their positions a day after Musk took over. Turns out they have all filed lawsuits against Musk demanding reimbursement for litigation costs, investigations and inquiries related to their former jobs. Agrawal, along with the company’s former chief legal and financial officers, claim in the lawsuit that they are owed over $1 million, which Twitter is legally obligated to pay.

As per AFP report, The court filing listed various expenses associated with inquiries by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), but did not disclose the nature of the investigations or if they are still ongoing. Agrawal and former chief financial officer Ned Segal testified to the SEC last year and continued to engage with federal authorities. The SEC is examining whether Musk complied with securities rules when he purchased Twitter shares.

When KPMG LLP gave Silicon Valley Bank a clean bill of health just 14 days before the lender went under, the Big Four audit firm pointed to potential losses on loans to its customers as one of its so-called critical audit issues. But the audit opinion didn’t mention what really brought the bank down: its unrealized losses on bonds and its ability to sustain them, given its reliance on potentially volatile deposits.

“The auditors didn’t mention the fire in the basement or the box of dynamite on the second floor, but they did mention the peeling paint on the planter,” says Erik Gordon, a business professor at the University of Michigan.”How could they have overlooked interest rate risk?” The current banking crisis is the first litmus test of the system of critical audit issues, a measure designed to help investors decipher hidden risks and uncertainties in financial statements.

Auditors are required to record any critical audit issues when approving a public company’s books. Regulators define them as matters that have a significant impact on financial statements and involve “especially difficult, subjective or complex” judgments by auditors.

SEOUL (Reuters) – South Korea’s antitrust regulator has fined Alphabet Inc’s Google 42.1 billion won ($31.88 million) for blocking the release of mobile video games on a competitor’s platform.

The Korea Fair Trade Commission (KFTC) said on Tuesday that Google bolstered its market dominance, and hurt local app market One Store’s revenue and value as a platform, by requiring video game makers to exclusively release their titles on Google Play in exchange for providing in-app exposure between June 2016 and April 2018.

The KFTC said the move against the U.S. technology giant is part of efforts by the government to ensure fair markets.

Game makers affected by Google’s action include Netmarble, Nexon and NCSOFT, as well as other smaller companies, the antitrust regulator added.

In 2021, Google was fined more than 200 billion won by the KFTC for blocking customised versions of its Android operating system.

One of the most closely watched US defamation cases in decades is set to begin this week as a Delaware court picks a jury to decide whether Fox News should pay Dominion Voting Systems $1.6bn (£1.3bn) for spreading falsehoods on election rigging.

A critical task for jurors over the five-week trial will be to decide who was responsible for the cable network’s decision to broadcast the claims, despite internal doubts about their veracity. Dominion asserts that Fox’s top brass approved of the coverage, but the network disputes this.

Last week, Delaware Superior Court Judge Eric Davis said he would not block Dominion from calling Rupert Murdoch, chairman of Fox News parent company Fox Corp, to testify in person about his involvement in the coverage, which Judge Davis has ruled was false and defamatory.

“The more complicit the whole organisation is in perpetuating these known falsehoods, the more likely a jury would be to return a big dollar figure,” said Mary-Rose Papandrea, a constitutional law professor.

A senior South Korean security official said on Tuesday that information contained in purportedly leaked US confidential documents that appeared to be based on internal discussions among top South Korean officials is “untrue” and “altered.”

Deputy National Security Adviser Kim Tae-hyo made the remark as he departed for Washington ahead of President Yoon Suk Yeol’s state visit to the U.S. on April 26, stressing that the two countries’ alliance remained strong. Several documents have recently been posted on social media offering a partial, month-old snapshot of the war in Ukraine, including one that gives details of internal discussions among South Korean officials about US pressure on Seoul to help supply weapons to Ukraine.

“The two countries have a same assessment that much of the information disclosed is altered,” Kim told reporters, adding that the report on South Korea is “untrue.” He did not elaborate which part of the document was untrue.

A U.S. judge rejected requests to sever JPMorgan Chase & Co’s lawsuit accusing former executive Jes Staley of concealing what he knew about Jeffrey Epstein from two related lawsuits over its work for the late sex offender.

Monday’s decision by U.S. District Judge Jed Rakoff in Manhattan is a defeat for Staley, who said the scheduled Oct. 23 trial for all three cases left him too little time to defend against JPMorgan’s “slanderous” accusations.

It is also a defeat for women who claim that Epstein sexually abused them and are suing the largest U.S. bank.

They claimed that JPMorgan sued Staley as a means to “harass and intimidate” them into revealing private medical records and communications in their case.

Epstein was a JPMorgan client from 2000 to 2013. The U.S. Virgin Islands, where the financier had a home, is also suing JPMorgan.