China-founded fast-fashion company Shein faces political resistance in search for IPO venue, as major investors grow impatient
News Regulation
TikTok Offered US ‘Kill Switch’ Over Data Concerns
TikTok discloses in court documents it offered US government ability to shut platform down, as it prepares for September court battle
Russian Hackers Of London Hospitals Publish Patient Data
Russian cyber criminal gang Qilin, which caused huge disruption to multiple London hospitals, has now published stolen patient data
Kaspersky Denies It Is Security Risk, After US Sales Banned By Biden
Biden Administration bans sales of Kaspersky software in the US due to links to Russia, but Moscow-based firm says it will challenge ban
Biden Administration To Ban US Sales Of Kaspersky Software – Report
Complete ban. United States close to announcing ban of all sales of Kaspersky Lab's antivirus software in America
Elon Musk Appeals To Advertisers, Backtracks Over Notorious Outburst
Wooing advertisers back? Elon Musk says his remark telling advertisers to “go f--- yourself” did not refer to the wider ad industry
US Urges Netherlands, Japan To Increase Chip Kit Restrictions For China
American official heads to Japan after Dutch meeting, as US seeks to increase restrictions on chip-making equipment for China
UK Investigates HPE’s $14bn Acquisition Of Juniper Networks
UK competition regulator begins investigation into the multi billion dollar acquisition of Juniper Networks by Hewlett Packard Enterprise
YouTube Test Community ‘Notes’ Feature For Added Context
YouTube begins testing Notes feature that allows selected users to add contextual information to videos, amidst misinformation scrutiny
FTC Sues Adobe Over Hidden Fees, Termination ‘Resistance’
US regulator sues Photoshop maker Adobe over large, hidden termination fees, intentionally difficult cancellation process
TikTok US Ban Appeal Gets 16 September Court Date
Action by TikTok, ByteDance and creators against US ban law gets 16 September hearing date, weeks before US elections
US Surgeon General Calls For Warning Labels On Social Media
US surgeon general calls for cigarette-style warning labels to be shown on social media advising of 'mental health harms'
Google Must Face Trial In Ad Tech Monopoly Case
Google loses bid for summary judgement as judge says 'too many facts in dispute' as US adtech case heads for September trial
Apple, Meta Likely To Face EU Antitrust Charges
Apple, Facebook parent Meta reportedly likely to face EU antitrust charges before August under new Digital Markets Act rules
Winklevoss’ Gemini To Pay $50m In Crypto Fraud Settlement
Winklevoss twins' Gemini Trust to pay $50m to settle cypto fraud claims over failed Gemini Earn product in New York settlement
Meta Delays EU AI Launch After Privacy Complaints
Meta delays Europe launch of AI in Europe after user, privacy group complaints over plans to train models on user data
AI Fuels Local Memory Chip Demand For China’s Sanctioned YMTC
China chipmaker YMTC sees surge in demand from local companies, government projects amidst AI infrastructure boom, in spite of US sanctions
Musk’s X Lawsuit Against Nazi Report Author Slated For 2025 Trial
Trial set for April 2025 against Media Matters, after its report prompted an advertising exodus from Elon Musk's X
Microsoft President Grilled By US Lawmakers After China, Russia Hacks
Microsoft's Brad Smith answer questions from US lawmakers about hacks of US governmental systems by China, Russia
Japan Passes Law To Allow Third Party App Stores, Payments
Copy of EU's DMA? Japan passes law that will require Apple and Google to open up their respective ecosystems
US Mulls Additional AI Chip Restrictions For China – Report
Tightening the screws. Biden Administration is considering further restrictions on Chinese access to cutting-edge AI chip tech
SpaceX, Elon Musk Sued By Engineers For Unfair Firings, Sex Bias
Elon Musk and SpaceX sued by eight engineers who had been fired after calling Musk a “distraction and embarrassment”
SEC Reaches $4.5bn Settlement With Bankrupt Terraform Labs
Terraform Labs and disgraced founder Do Kwon agree to pay the US SEC a combined $4.5 billion in civil fraud case
Tech Groups Call On US DoJ To Investigate YouTube Monopoly
Open letter urges US Department of Justice to investigate Alphabet's YouTube for alleged domination of home entertainment sector
EU To Impose Tariffs Up To 38 Percent On Chinese EVs
European Commission investigation provisionally concludes China offers unfair subsidies to its EV makers – tariffs announced
Tesla Investor Slams Elon Musk’s $56bn Pay Deal, Amid Another Lawsuit
Head of one of the largest pension funds in US to vote against Elon Musk's ‘ridiculous’ pay package, as another Tesla investor files lawsuit
Elon Musk Drops OpenAI Lawsuit, Threatens Apple Ban
Surprising twist by Elon Musk after he ditches lawsuit against OpenAI, and also threatens to ban Apple devices over ChatGPT move
US Supreme Court To Hear Facebook Shareholder Suit Appeal
US Supreme Court agrees to hear Facebook attempt to dismiss shareholder lawsuit over Cambridge Analytica data-sharing scandal
UK Retailers Sue Amazon For £1bn Claiming Data Misuse
Independent retailers sue Amazon for £1bn in biggest-ever UK retail case alleging company misused their data to launch rival products
LinkedIn Disables Ad Feature In Europe Over Targeting Concerns
LinkedIn disables feature allowing advertisers to target European users based on membership in groups after concerns over DSA compliance