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Big Tech companies set to sign new code against disinformation
Jun 13,2023
An updated version of the "Code of Practice on Disinformation" is set to be released this coming Thursday with about 30 signatories, including Big Tech companies such as Facebook, Twitter, Google, Microsoft and TikTok. A voluntary code was first intr...
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Online sellers call for e-commerce regulator in India
Jun 13,2023
The All India Online Vendors Association (AIOVA), which represents the interests of the smaller Indian online vendors, drafted a petition calling for the developments of frameworks to protect sellers and buyers and creation of a national e-commerce r...
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Microsoft to acquire professional networking platform LinkedIn
Jun 13,2023
Microsoft announced it will acquire LinkedIn in a US$26.2bn deal, giving it access to a virtual address book of connected business professionals. Through the deal, Microsoft will also gain access to products including presentation-sharing software Sl...
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WhatsApp launches digital payment services
Jun 12,2023
WhatsApp launched its digital payment service. The service has been tested first in Brazil. WhatsApp users in Brazil currently have the opportunity to pay for their transactions and send money through the app. The new WhatsApp payment service is enab...
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First captive insurer to manage cryptocurrency risk in Bermuda
Jun 12,2023
In Bermuda, a large financial institution has formed a captive insurance company to manage risks associated with cryptocurrencies in the event that digital assets stored by third parties are stolen from cold storage. While this is a very secure metho...
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Trade negotiators of EU and Mercosur resume bilateral talks
Jun 12,2023
Trade negotiators from the EU and Mercosur resumed formal talks and met between 4 to 8 June, in Montevideo. Although negotiators mentioned that progress has been made, there is not yet a timeframe for concluding the trade deal. According to the Europ...
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SCO meeting focuses on simpifying trade procedures
Jun 11,2023
The Shanghai Cooperation Organisation (SCO) -formed by China, Russia, Kyrgyzstan, Kazakhstan, Tajikistan, Uzbekistan, India and Pakistan, met in the Chinese city of Qingdao on Sunday 10 June. The members adopted a joint communiqu
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Amazon seeks an antitrust settlement with EU Commission by complying with Digital Markets Act
Jun 10,2023
Amazon is coming to a settlement with European Commission's Vice-President Margrethe Vetager regarding a three-year antitrust probe into the company's behaviour. Vetager's investigation alleges that Amazon has been using non-public data that are inac...
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Digital Services Act (DSA) caught in a fight between EU Parliament and French Council presidency
Jun 10,2023
The Digital Services Act (DSA), having received a political agreement between the EU Parliament and Council, is now caught in a fight between the Parliament and France. On Friday, a majority of political groups in the EU (Renew Europe, the Greens, EP...
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Uber Eats delivery fees suspended for black-owned restaurants
Jun 09,2023
In response to US protests over the death of George Floyd, while in police custody, Uber decided to support black communities and businesses by suspending its delivery fees until the end of 2020. Uber Eats users, in major US and Canadian cities,...
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G7 focuses on implications of unilateral trade measures
Jun 09,2023
The meeting of the G7 -consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States -was hosted by Canada from 8 to 9 June, in Charlevoix, Qu
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New law in Japan allows Airbnb to operate legally
Jun 09,2023
In Japan, a recent law setting out rules for home sharing/renting has brought legal certainty for the operations of Airbnb in the country. The law allows private homes to rent out space to guests, while limiting total stays to 180 nights a year, and ...
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