New Analysis The Chinese-owned video-sharing platform TikTok has become increasingly scrutinized over reports of censoring anti-Beijing content, tracking users, and concerns that it hands user information to authorities in Beijing. A number of governments have escalated efforts to restrict access to the video app citing security concerns. Lawmakers in the United States, Australia, Canada, and…
ANALYSIS: TikTok Faces Escalated Ban Worldwide, Poisoning the Minds of Teens a Main Concern
May 21, 2023
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ANALYSIS: TikTok Faces Escalated Restrictions Worldwide; Harms on Children a Main Concern
May 21, 2023
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Business & MarketsChina NewsChinese RegimeCompaniesInternationalMedia & Big Techmental healthSocial MediaTechtechnologytic disordersTikToktourette'sUSUS NewsWorld
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New Analysis The Chinese-owned video-sharing platform TikTok has become increasingly scrutinized over reports of censoring anti-Beijing content, tracking users, and concerns that it hands user information to authorities in Beijing. A number of governments have escalated efforts to restrict access to the video app citing security concerns. Lawmakers in the United States, Australia, Canada, and…
Social Media Panic Triggers Banking Risk Management Overhaul: Survey
Two months after the collapse of Silicon Valley Bank (SVB), triggered by a social media-fuelled panic, banking executives across America are reevaluating their approach to online platforms. The crisis sparked a broad recognition of the impact of social media on the financial industry, prompting a renewed focus on risk management and mitigation. An array of…
Elon Musk’s SpaceX and Italy’s Unipol Join Forces to Help Italians Hit by Flooding
MILAN—Elon Musk’s SpaceX and Unipol Gruppo agreed to join forces to help people hit by flooding in northern Italy connect to the Internet, facilitating rescue operations, the Italian insurer said on Saturday. Torrential rains devastated the eastern side of the Italian region of Emilia-Romagna, killing 14 people, causing billions of euros worth of damage and…
Walmart Raises Profit Outlook After Strong First Quarter
Walmart on May 18 raised its annual sales and profit outlook as the nation’s largest retailer reported strong first-quarter sales results. The retailer’s low prices continue to draw budget-conscious consumers to snap up its groceries and other less-expensive, private-label goods. Groceries account for more than half of Walmart’s sales. The retailer said its groceries market share…
American Airlines and JetBlue Must Dissolve Their Partnership, Judge Rules
A federal judge in Boston ruled Friday that American Airlines and JetBlue Airways must abandon their partnership in the northeastern United States on grounds that the merger between the two carriers is anti-competitive and harms customers. The partnership between the two air carriers, a joint venture called the Northeast Alliance, was approved by the Transportation…
Elon Musk Demands Retraction of Article Alleging Stolen Election Claims ‘Thrive Unchecked’ on Twitter
Elon Musk has objected to an article by The Associated Press alleging that “false claims of a stolen election thrive unchecked on Twitter” even though Musk promised that tweets making such claims would be “corrected,” with the Twitter chief calling on the media outlet to back up its assertion with data or retract the piece….
Court Rules That California Race Law Is ‘Unconstitutional on Its Face’
May 20, 2023
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In a landmark decision on May 17, a California district court blocked a state law mandating racial quotas on corporate boards as it violated the U.S. Constitution. The California law, AB979, required that a minimum number of people from “designated racial, ethnic, and LGBTQ backgrounds” have a seat on corporate boards. But the court ruling…
American Airlines and JetBlue Must Abandon Their Partnership in the Northeast, Federal Judge Rules
American Airlines and JetBlue Airways must abandon their partnership in the northeast United States, a federal judge in Boston ruled Friday, saying that the government proved the deal reduces competition in the airline industry. The ruling is a major victory for the Biden administration, which has used aggressive enforcement of antitrust laws to fight against…
Celebrity Chef José Andrés Exempted From Gas Stove Ban in California City
May 19, 2023
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A California city’s ban on natural gas stoves will not be applied to the restaurant renowned chef and restaurateur José Andrés is slated to open, officials revealed Tuesday, describing the situation as “unique” and a “one-off.” In a statement on Tuesday, the City of Palo Alto said a settlement was reached with Simon Property Group…
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