MEDIA REGULATOR
Musk's X breached DSA online content rules, EU says
Elon Musk's owned social media platform X (previously known as Twitter) has breached EU online content rules. This move by the European Commission came after a seven-month-long investigation. X was also charged with blocking researchers from accessing its public data.
Australia to bring anti-scam law targeting internet giants this year, regulator says
The Australian Competition and Consumer Commission (ACCC) and the treasury department are consulting internet, banking and telecommunications firms about creating a mandatory, enforceable anti-scam code which legally requires them take reasonable steps to protect users, including offering an effective complaint service.
Real-time intel platform to curb cybercrime, fraud
The government has established a real-time intelligence sharing platform to tackle cybercrime and online fraud. With over 750 stakeholders on board, prompt action can be taken to catch fraudsters and prevent misuse of telecom resources. Collaboration among different ministries and departments is enhancing the effectiveness of the platform in curbing cybercrimes.
European regulators crack down on Big Tech
EU regulators probe Big Tech. Apple addresses DMA breaches, Spotify's complaint. Microsoft leaves OpenAI’s board. Meta's consent model, CrowdTangle features, Facebook, Instagram’s child safety scrutinized. Google fined 2.42 billion euros. Amazon's DSA compliance checked. NVIDIA faces French probe. TikTok, Meta gatekeeper disputes. Italy fines Facebook, Meta. Germany ends Google probe. UK investigates cloud market. Spain suspends Meta products.
Equity market investors: A new powerful political constituency
India's financial shift includes 13.6 crore investors, about 10% affluent, driven by SEBI and smartphones. Participation extends beyond Maharashtra and Gujarat to states like Uttar Pradesh and Madhya Pradesh. Individual investor opinions shape economic policies. Retail investors hold an 18.5% listed share, contributing ₹25,000 crore via Securities Transaction Tax, despite risky leveraged positions.
‘Organic’ and ‘natural’? India’s $32 billion packaged food and beverage industry struggles with disclosures
The packaged food industry should be more upfront about the ingredients they use to make products. It is a question of public health, say experts.
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Kotak Bank gets pulled into Hindenburg-Adani-SEBI wormhole; here what it said
Kotak Hindenburg Adani SEBI: US-based short-seller Hindenburg Research disclosed that SEBI accused them of violating Indian regulations, calling the charges "nonsense" and alleging they aim to silence critics of powerful figures. For the first time, Hindenburg implicated Kotak Mahindra Bank in the Adani controversy, causing the stock to dip sharply.
US Supreme Court sidesteps dispute on state laws regulating social media
Legal battles over social media control escalate as court decisions differ. The role of content moderation and free speech rights takes center stage in the ongoing debates and legal challenges.
New Zealand to press ahead with media content pay law
New Zealand's government is pushing for a bill to make digital platforms pay media companies for news. The legislation, aligned with Australia's law, could affect companies like Meta Platforms and Alphabet Inc. The bill's authority will be supervised by an independent regulator, supported by the Labour party but facing opposition from the ACT New Zealand party.
NBDA brings digital news under its self-regulatory body's purview
The regulation defines digital news media as digitised news content that can be transmitted over the internet or computer networks and includes content received, stored, transmitted, edited, or processed by a digital publisher. Digital news platforms have been defined as platforms that facilitate the transmission of digitised news content over the internet or computer networks, including social networking sites or social media.
China's crackdown on 'wealth-flaunting' social media puts pressure on influencers to echo the party line
Chinese regulators crack down on social media influencers flaunting wealth, contrasting with US mental health concerns. The campaign targets extravagant displays, reflecting wider fears of subversive views. Public support for authoritarian measures shapes the crackdown, including pressure on Taiwanese influencers. The effort aligns with China's goal of managing its vast online population under President Xi Jinping's watchful eye.
Dead mouse found in Ahmedabad eatery's sambar sparks outrage: Health officials respond
A customer found a dead mouse in sambar at an Ahmedabad eatery, sparking outrage on social media. This incident follows recent food safety concerns, including a human finger in ice cream and a dead mouse in Hershey’s syrup. The Ahmedabad Municipal Corporation (AMC) issued a notice to the restaurant, highlighting severe health violations. Food safety officer Bhavin Joshi urged local businesses to maintain strict hygiene to prevent such incidents.
Why is the New York law on regulating social media algorithms protecting teenagers, a step in the right direction?
The New York State Legislature had earlier passed a legislation on regulating social media algorithms targeting teenagers. This has received the consent of the Governor and despite the concerns related to its implementation, it is being hailed as a progressive step.
Retail investors play with a time bomb but RBI and Sebi are watching
Futures and options (F&O) trading involves contracts that derive their value from an underlying asset, such as stocks and commodities. Futures contracts obligate the buyer and seller to transact at a predetermined future date and price, while options give the holder the right, but not the obligation, to buy or sell the asset at a set price within a specific period.
Sebi plans tweaks to address derivative trading risks: Report
India's markets regulator, SEBI, is considering tweaks to derivative trading rules to address risks from the explosive growth in options trading. The rules aim to regulate retail trading and involve discussions with fund houses.
Indonesia minister threatens to shut down X over adult content
Indonesia is prepared to shut down social media platform X if it does not comply with a regulation barring adult content, as stated by the country's communications minister.
Australia should force Meta to pay for news, News Corp executive says
Meta could block news reposting if Australia enforces the 2021 law, similar to actions taken in Canada. Academics note increased misinformation spread in Canada since 2023 due to similar laws and reduced news promotion by Meta.
Noida businessman duped of Rs 9 crore in WhatsApp trading scam: Report
A businessman named Rajat Bothra from Noida was duped of over Rs 9 crore by cyber thugs after joining a stock market trading group. Social media, especially WhatsApp, has become a breeding ground for scams.
Threat of bad advice: A more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it
The real pitfalls arise when bad financial products are marketed as good ones, and investors fail to recognise the deceit. If you are saving and investing, encountering such schemes is inevitable; it’s not an exception, but certainty. Thus, a more crucial aspect of financial literacy is not just what to do with money, but also what not to do with it.
Lok Sabha Elections 2024: How exit polls predict results using voter data
Despite strict regulations to prevent misinformation, exit polls remain a significant part of India's electoral process. These surveys, conducted outside polling stations, offer immediate insights into voter behaviour. Challenges in methodology and the need for accurate representation highlight the complexities of these polls. Innovations and compliance with the EC's guidelines ensure ethical reporting and transparency.
Beware! Misleading ad-game tricking Indians rather than offering ‘Umeedo Wali Dhoop’?
Advertisements have left a lasting impact over the years, from Amul's iconic "Utterly Butterly Delicious" to Cadbury's memorable ads. However, misleading claims in ads, especially in the digital space, are increasing. ASCI found that 81% of the 8,299 ads evaluated in 2023-24 were misleading. Social media influencers often promote products without proper regulation. Technological advancements and ethical guidelines are needed to ensure transparency and authenticity in advertising, to maintain consumer trust and loyalty.
Are social media algorithms causing psychological harm to children? Elon Musk thinks so
Elon Musk, CEO of Tesla and father of nine, recently expressed significant concerns about the impact of social media on children. Speaking at the VivaTech fair in Paris, he emphasized the dangers posed by AI algorithms designed to maximize user engagement through increased dopamine levels, making children particularly vulnerable. Musk urged parents to limit their children's exposure to social media, highlighting the potential psychological harm.
Sebi cracks the whip on finfluencers trying to manipulate IPOs
The move is meant to restrict the impact of finfluencers in the IPO market and help investors have an easier understanding of key features of an offer. All IPO-bound companies are mandated to make videos informing investors not to rely on finfluencers or financial influencers circulating misinformation on social media platforms.
What is 'Friendly Father'? Why has South Korea banned North's TikTok hit song praising Kim Jong Un?
South Korea has banned a song from North Korea terming it as an attempt to wage psychological warfare. The song has already garnered millions of views.
Paratha made with diesel? All you need to know about this viral video
Diesel Paratha Viral Video (Google Trend): This bizarre cooking method has drawn widespread criticism. Social media users have expressed disgust and concern, tagging India's food safety regulator, the FSSAI, urging them to take action. While the video has garnered attention, it serves as a reminder to be wary of unverified food trends online. For personalized dietary advice, it's recommended to consult a registered dietitian or healthcare professional.
Australian court lifts order blocking X on church stabbing video
Australian court rejects bid to extend order for X, owned by Musk, blocking videos of bishop's stabbing. Legal tussle with PM Albanese. Musk criticises censorship, refuses global post removal. Geo-blocking ruled ineffective.
UK regulator demands tech firms shield children from harmful content
Social media platforms will be hit by fines of up to $22.5 million unless they take action to ensure their algorithms do not direct children towards harmful content, the UK communications regulator Ofcom said Wednesday. The new measures are due to come into force next year, with rule-breakers facing fines of up to £18 million ($22.5 million) or 10 percent of their revenue.
Regulator SEBI proposes need for audiovisual details of IPO disclosures
Financial market regulator Securities and Exchange Board of India (SEBI) has proposed that companies desirous of raising capital through public issues may be required to file disclosures made in the draft red herring prospectus (DRHP) in an audio-visual format.
Australian regulator demands social media firms disclose anti-terrorism efforts
Australian regulator pressures social media platforms to combat terrorism content, hate speech, and handle fines, challenging platforms like Elon Musk's X over e-Safety violation.
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