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Indian Firms Sanctioned By US Not In Violation Of National Laws: Centre
The Ministry of External Affairs (MEA) on Saturday reacted to the recent US sanctions imposed on several Indian firms and nationals, with a spokesperson stating that Indian companies have not violated any national laws.
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Apple, Google, Amazon Lobby Group Opposes India's EU-Like Antitrust Proposal
A US lobby group representing tech giants Google, Amazon and Apple has asked India to rethink its proposed EU-like competition law, arguing regulations against data use and preferential treatment of partners could raise user costs, a letter shows.
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Apple Worked on Support for Apple Watch on Android Smartphones for Three Years: Report
Apple explored bringing support for the Apple Watch to Android smartphones, according to the company's response to the US DoJ's lawsuit. The iPhone maker has stated that it plans to "vigorously defend" against the US DoJ's lawsuit accusing the firm of violating US federal and state antitrust laws.
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US Man Who Was Wrongly Imprisoned For 37 Years To Receive $14 Million As Compensation
According to city documents, Mr DuBoise and his law firm will get $9 million this year, $3 million next year, and $2 million in 2026.
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Italy Accuses ChatGPT Creator Of Breaching EU's Data Protection Law
Italian authorities have accused OpenAI, the creator of ChatGPT, of breaching EU data protection law, giving the US firm 30 days to respond.
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India's MoS IT Rajeev Chandrasekhar Reacts to Binance and Changpeng Zhao Debacle
Indian minister Rajeev Chandrasekhar has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. Chandrasekhar is the Union Minister of State for electronics and technology in India. The warning comes after Binance CEO Changpeng Zhao pleaded guilty to having violated the US’s anti money laundering policies...
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US Accuses Binance Of Money Laundering For Hamas, ISIS And Al Qaeda
Hamas uses a global financing network to funnel support from charities and friendly nations, including by using cryptocurrencies.
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Top US Law Firm Revokes Job Offers To Harvard, Columbia Students Over Anti-Israel Letter
Davis Polk & Wardwell, has rescinded job offers given to three Ivy League students associated with the Palestine support letter.
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Binance Stops New User Signups in UK, Says Needs Time to Comply with Rules on Crypto Ads
Binance said it needs some time to make sure its operations comply with UK’s laws around crypto marketing and advertisement. The exchange is scouting for an FCA-authorised firm to approve its ads and promotional materials in the UK. Until that happens, not only will new users not be able to sign up on Binance but existing British users will also ...
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US FTC Opens Investigation Into ChatGPT Maker OpenAI, Claims Firm Broke Consumer Protection Laws: Report
The US Federal Trade Commission has opened an investigation into OpenAI, the maker of ChatGPT, on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the Washington Post reported on Thursday.
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European Union, US Working Towards Common Code of Conduct for AI Amid Growing Privacy, Civil Liberties Concerns
The EU and US said Wednesday that they would soon release a voluntary code of conduct on artificial intelligence, hoping to develop common standards among democracies as China makes rapid gains. Both political and technology industry leaders have been warning of the growing risks as AI takes off, with potentially wide-ranging effects on privacy and...
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France Extends Invitation to Crypto Firms Looking to Exit US’ Loose Crypto Ecosystem
France is inviting crypto players looking to set their businesses outside of the US to do so in the European country. The financial markets authority of France has said that if American players want to benefit from EU’s MiCA laws, they are welcome to set up shop in French regions.
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US FTC to Enforce Law to Rein in Risks Posed by AI as Calls for Regulation Grow
The Federal Trade Commission's chief said the agency was committed to using existing laws to rein in some of the dangers of artificial intelligence, such as enhancing the power of dominant firms and "turbocharging" fraud.
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Coinbase Clarifies to US SEC That It Does Not List Securities and Has Not Broken Any Securities Laws
Coinbase Global has reiterated its view to the US Securities and Exchange Commission that it has not broken any securities laws in its formal response to a legal threat received from the regulator, the firm said on Thursday. Coinbase CEO Brian Armstrong and Chief Legal Officer Paul Grewal said the crypto exchange would like to list securities in t...
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Google Directed to Pay 10 Percent of Rs 1,337.76 Crore CCI Penalty by NCLAT
The National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to grant immediate relief to Google and directed the US firm to pay 10 percent of the Rs 1,337.76-crore penalty imposed on the tech giant by fair trade regulator CCI. The apellate tribunal has issued notices to the Competition Commission of India and the matter will be listed ...
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Indian Firms Sanctioned By US Not In Violation Of National Laws: Centre
The Ministry of External Affairs (MEA) on Saturday reacted to the recent US sanctions imposed on several Indian firms and nationals, with a spokesperson stating that Indian companies have not violated any national laws.
-
Apple, Google, Amazon Lobby Group Opposes India's EU-Like Antitrust Proposal
A US lobby group representing tech giants Google, Amazon and Apple has asked India to rethink its proposed EU-like competition law, arguing regulations against data use and preferential treatment of partners could raise user costs, a letter shows.
-
Apple Worked on Support for Apple Watch on Android Smartphones for Three Years: Report
Apple explored bringing support for the Apple Watch to Android smartphones, according to the company's response to the US DoJ's lawsuit. The iPhone maker has stated that it plans to "vigorously defend" against the US DoJ's lawsuit accusing the firm of violating US federal and state antitrust laws.
-
US Man Who Was Wrongly Imprisoned For 37 Years To Receive $14 Million As Compensation
According to city documents, Mr DuBoise and his law firm will get $9 million this year, $3 million next year, and $2 million in 2026.
-
Italy Accuses ChatGPT Creator Of Breaching EU's Data Protection Law
Italian authorities have accused OpenAI, the creator of ChatGPT, of breaching EU data protection law, giving the US firm 30 days to respond.
-
India's MoS IT Rajeev Chandrasekhar Reacts to Binance and Changpeng Zhao Debacle
Indian minister Rajeev Chandrasekhar has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. Chandrasekhar is the Union Minister of State for electronics and technology in India. The warning comes after Binance CEO Changpeng Zhao pleaded guilty to having violated the US’s anti money laundering policies...
-
US Accuses Binance Of Money Laundering For Hamas, ISIS And Al Qaeda
Hamas uses a global financing network to funnel support from charities and friendly nations, including by using cryptocurrencies.
-
Top US Law Firm Revokes Job Offers To Harvard, Columbia Students Over Anti-Israel Letter
Davis Polk & Wardwell, has rescinded job offers given to three Ivy League students associated with the Palestine support letter.
-
Binance Stops New User Signups in UK, Says Needs Time to Comply with Rules on Crypto Ads
Binance said it needs some time to make sure its operations comply with UK’s laws around crypto marketing and advertisement. The exchange is scouting for an FCA-authorised firm to approve its ads and promotional materials in the UK. Until that happens, not only will new users not be able to sign up on Binance but existing British users will also ...
-
US FTC Opens Investigation Into ChatGPT Maker OpenAI, Claims Firm Broke Consumer Protection Laws: Report
The US Federal Trade Commission has opened an investigation into OpenAI, the maker of ChatGPT, on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the Washington Post reported on Thursday.
-
European Union, US Working Towards Common Code of Conduct for AI Amid Growing Privacy, Civil Liberties Concerns
The EU and US said Wednesday that they would soon release a voluntary code of conduct on artificial intelligence, hoping to develop common standards among democracies as China makes rapid gains. Both political and technology industry leaders have been warning of the growing risks as AI takes off, with potentially wide-ranging effects on privacy and...
-
France Extends Invitation to Crypto Firms Looking to Exit US’ Loose Crypto Ecosystem
France is inviting crypto players looking to set their businesses outside of the US to do so in the European country. The financial markets authority of France has said that if American players want to benefit from EU’s MiCA laws, they are welcome to set up shop in French regions.
-
US FTC to Enforce Law to Rein in Risks Posed by AI as Calls for Regulation Grow
The Federal Trade Commission's chief said the agency was committed to using existing laws to rein in some of the dangers of artificial intelligence, such as enhancing the power of dominant firms and "turbocharging" fraud.
-
Coinbase Clarifies to US SEC That It Does Not List Securities and Has Not Broken Any Securities Laws
Coinbase Global has reiterated its view to the US Securities and Exchange Commission that it has not broken any securities laws in its formal response to a legal threat received from the regulator, the firm said on Thursday. Coinbase CEO Brian Armstrong and Chief Legal Officer Paul Grewal said the crypto exchange would like to list securities in t...
-
Google Directed to Pay 10 Percent of Rs 1,337.76 Crore CCI Penalty by NCLAT
The National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to grant immediate relief to Google and directed the US firm to pay 10 percent of the Rs 1,337.76-crore penalty imposed on the tech giant by fair trade regulator CCI. The apellate tribunal has issued notices to the Competition Commission of India and the matter will be listed ...
