EUR/USD 1.16556
0.030%
Gold 4620.08
0.557%
Oil 81.293
-0.171%
USD/JPY 159.232
-0.039%
GBP/USD 1.35966
0.003%
GBP/JPY 216.487
-0.047%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 27, Federal Reserve Governor Lisa Cook again denied repeated, unsubstantiated allegations of mortgage fraud made by President Trump. Trump is considering restarting efforts to remove her from her post, a move that could trigger another fierce legal battle over the Feds independence. In a letter to the White House on Wednesday, Cooks lawyers called the allegations "baseless and untrue." The letter stated, "Governor Cook has never committed mortgage fraud or any willful misconduct, and there is no legal justification for removing her from the Federal Reserve Board."August 27th - National Australia Bank (NAB) expects the Reserve Bank of Australia (RBA) to raise interest rates in September, as Julys consumer price increases in Australia exceeded expectations, primarily due to soaring fuel costs. NAB economists stated, "The July CPI data shows an inflation situation more severe than the RBA anticipated in early August, and the RBA has repeatedly hinted in recent weeks that the Monetary Policy Committee will act if upside risks to inflation materialize." The bank currently expects the RBA to raise the cash rate by 25 basis points to 4.6% in September.August 27th - According to Iranian sources, Iranian Army spokesman Mohammad Akraminia stated on the 26th that all of the Iranian militarys weapon systems, including those previously damaged, have been rebuilt. Iran has also imported new weapon systems from abroad. Akraminia stated that Iran has taken serious steps in rebuilding and redeploying its damaged weapon systems, which have enhanced Irans combat capabilities.National Australia Bank: The Reserve Bank of Australia is currently expected to raise interest rates in September.Lawyers for Federal Reserve Governor Tim Cook stated that the White House letter was based on unexamined and unproven allegations of criminal misconduct. Cook has never been involved in mortgage fraud or any willful misconduct. There is no legitimate reason to remove Cook from the Federal Reserve Board.

Breton Urges TikTok's CEO to Follow EU Rules or Be Banned

Aria Thomas

Jan 20, 2023 10:39

4.png


Thursday, the head of the European Union's internal market told the CEO of the Chinese social media startup TikTok that the firm might face a ban in the European Union if it does not increase its efforts to comply with EU legislation by September.


According to a transcript of a video conference between European Commissioner Thierry Breton and Shou Zi Chew, TikTok must comply with the EU's Digital Services Act (DSA) well in advance of the September 1 deadline.


Breton stated, "We will not hesitate to use the whole spectrum of sanctions to defend our citizens if audits do not disclose complete compliance."


TikTok answered that it was dedicated to the DSA and described its compliance efforts with other EU regulations, including the GDPR data protection requirements and a misinformation code of behavior.


Caroline Greer, the manager of public affairs and government relations at TikTok, tweeted, "Our users' safety is of the utmost priority."


The short-video app, which is managed by the Chinese technology company ByteDance, has labored over the past three years to assuage U.S. concerns that the Chinese Communist Party or any other institution under Beijing's authority may access and influence the personal information of its users.


Following the company's admission last month that some of its employees improperly accessed the TikTok user data of two journalists in an attempt to determine the source of media leaks, the pressure on the company increased.


"Younger audiences impose greater obligations. It is intolerable that, within seconds, people can access harmful and often even life-threatening content hidden behind seemingly harmless features "Breton declared.


"The DSA includes dissuasive measures, such as an EU ban, for repeated serious infractions that risk the lives or safety of individuals," he stated.


The Digital Security Act requires Internet platforms to do more to police the internet for illegal content or face fines of up to 6% of their global annual sales.


Chew came to Brussels last week to meet with regulators, including EU antitrust chief Margrethe Vestager, in an effort to persuade the bloc that it will adhere to the bloc's increasingly stringent tech legislation and privacy and child safety requirements.

Suggestion