Markets
Facebook's Giphy Deal Draws UK Competition Watchdog's Attention
Facebook's acquisition of popular GIF internet site Giphy will be scrutinised by the United Kingdom's competition watchdog for possibly reducing competition. The UK Competition and Markets Authority (CMA) published a statement today (12 June) saying that any actions related to the acquisition will not be allowed unless Facebook has consent from the CMA. [Full Article...]
Microsoft Won't Sell its Facial Recognition Tech to Law Enforcement
The president retweeted Grenell on Friday morning. The technology, which has always been criticized by justice and privacy advocates, faced new scrutiny in the wake of protests over the death of George Floyd . The tech giant's announcement came shortly after IBM made a decision to completely abandon the facial recognition business, citing concerns that it could be nefariously used for mass su... [Full Article...]
Google to take down discriminatory housing, job ads
Facebook updated its ad policies to prohibit age, gender and zip code targeting for housing, employment and credit ads more than a year ago in March 2019. "We've been working closely with the U.S. Department of Housing and Urban Development (HUD) on these changes for some time, and we appreciate their guidance in helping us make progress on these important issues". [Full Article...]
France signs plan to deliver Covid vaccine by end of 2020
The German Health Ministry said the four countries had formed a vaccination alliance and that they are also in talks with other pharmaceutical companies regarding potential vaccines against COVID-19. The vaccines are for all European Union member states. Oxford University is now doing phase two and phase three trials of the vaccine in about 10,000 adult volunteers. [Full Article...]
PM Modi reviews COVID-19 situation, India's response
Prime Minister Narendra Modi will have one to one interaction with chief ministers of Northeastern states on Tuesday over the prevailing Covid-19 situation in the region. Tamil Nadu is second only to Maharashtra with 38,716 confirmed cases followed by Delhi with 34,687 cases and Gujarat with 22,067 cases. On Friday, the Health Ministry said that the number of cases had increased by 10,956 fr... [Full Article...]
U.S. economy will stay open even in second virus wave, says Mnuchin
Treasury Secretary Steven Mnuchin said today that there will be no more shutdowns to stop the Covid-19 pandemic. The United States can not let the coronavirus pandemic shut down its economy again, US Treasury Secretary Steven Mnuchin said on Thursday, adding that more than $1 trillion in rescue funds will flow into the economy over the next month. [Full Article...]
Fed officials see no interest rate increases through 2022
Mr Powell made the remarks in a report released Friday detailing findings from more than a dozen community outreach events the Fed held across the country over the past year, part of a review of its monetary policy framework. That would be the fastest annual growth in gross domestic product since 1984. On Wall Street, which had been near unchanged ahead of the Fed statement, stock prices r... [Full Article...]
Florida Now Has Endorsement Law For Collegians
Florida's bill follows in the footsteps of similar bills signed by the governors of California and Colorado, but moves the timeline up significantly: the other two bills were scheduled to go into effect January 1, 2023. That's why the Power Five conference commissioners sent a letter to Congress this spring regarding the changes they wanted to see in any federal legislation. [Full Article...]