Facebook will be fined £500,000 ($662,900) in the U.K. after the country’s privacy watchdog said its data sharing scandal broke the law. The Information Commissioner’s Office (ICO) is hitting the social network with the maximum possible fine it can impose, for two breaches of the U.K.’s Data Protection Act. Facebook failed to safeguard people’s information, […]
Read moreCurrency, United States Finance
21st Century Fox increases bid for UK broadcaster Sky in battle with Comcast
Rupert Murdoch’s Twenty-First Century Fox said it had secured a deal to buy Britain’s Sky on Wednesday, ratcheting up the stakes of an ongoing bidding war to acquire the European television group. Fox — which is widely expected to receive regulatory approval from the U.K. this week after initially reaching a deal with Sky in […]
Read moreMajor cryptocurrencies may be off their December highs on the price front, but developments on the regulatory and infrastructure front continue to move ahead. That’s leading some in the space to remain relatively bullish on prices. “Back then, December, price was at $20,000 all-time high. I predicted for 2018, we’re going to see $5,000 and […]
Read moreEuropean shares are poised for a lower open Wednesday morning after U.S. authorities unveiled a new list of Chinese products that could see new tariffs. The FTSE 100 is seen off by 48 points at 7,646; the DAX 40 is set to open off by 95 points at 12,514; and the CAC 40 is expected […]
Read moreThe Trump administration on Tuesday released a list of Chinese goods — with an annual trade value of about $200 billion — that may be subjected to 10 percent tariffs. That was the latest salvo in an escalating trade war between the world’s two largest economies. On Friday, the U.S. initiated a round of 25 […]
Read moreTuesday’s threat from the U.S. of a round of 10 percent tariffs on an additional $200 billion worth of Chinese imports could deliver a major blow to China’s export sector if it takes effect. The new list shows that Washington is targeting key Chinese manufacturing export industries, said Rajiv Biswas, Asia Pacific chief economist at […]
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