Washington, United States | AFP | The newly installed US Congress is expected to see a fresh effort to develop new regulations for big technology firms, with a focus on tougher enforcement of privacy and data protection. The wave of data scandals that have hit Facebook and other online platforms …
Read More »EU antitrust chief defends probe of Google, US tech giants
Washington, United States | AFP | Europe’s top antitrust regulator Magrethe Vestager on Monday defended her agency’s investigations of Google and other US tech giants, arguing that dominant companies have a “special responsibility” to avoid abusing their market power. “If you have products that people like and they keep coming, you …
Read More »Royal Bank of Scotland fails BoE stress test
London, United Kingdom | AFP | The Royal Bank of Scotland is the worst prepared among Britain’s lenders for another financial crisis, the Bank of England said Wednesday, forcing the state-rescued lender into a new capital-raising plan. The BoE, revealing its latest stress tests on Britain’s top seven banks, added …
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