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China Cracks Down on 'Ghost Kitchens' in Food Delivery Industry
Businessdigi2410d ago

China Cracks Down on 'Ghost Kitchens' in Food Delivery Industry

Chinese authorities are targeting "ghost kitchens," which are virtual restaurants that exist only on food delivery apps, as part of efforts to regulate the country's competitive food delivery sector. These non-existent physical restaurants have flooded delivery platforms, posing a new challenge for regulators.

Montenegro's Gaming Authority at Sofia Conference to Enhance Regulatory Practices
Worldvijesti-me11d ago

Montenegro's Gaming Authority at Sofia Conference to Enhance Regulatory Practices

Montenegro's Gaming Authority participated in a conference in Sofia, utilizing the forum as a platform for cooperation, dialogue, and knowledge exchange among regulators. The goal is to improve regulatory practices, strengthen international cooperation, and develop effective market supervision mechanisms for games of chance.

AGF Leads Defense in Dangote Fuel Import Suit
PoliticsPremium Times22d ago

AGF Leads Defense in Dangote Fuel Import Suit

The Attorney General of the Federation is leading the defense as NNPC and regulators work to protect Nigeria's energy security in a Federal High Court suit concerning Dangote fuel imports, intensifying disputes in the downstream petroleum sector.

US Prediction Markets Take Bets on Australian Elections
WorldThe Guardian23d ago

US Prediction Markets Take Bets on Australian Elections

US-based prediction market websites, such as Polymarket and Kalshi, are accepting bets on Australian elections and even the specific word choices of Prime Minister Albanese. Regulators and gambling harm advocates are closely monitoring this trend.

Trump Postpones AI Executive Order Signing
BusinessAPReutersNYT+13FTyle-uutisetcnbcle-figaroSCMPmarketwatchforbesstraits-times+5 more26d ago16 sources

Trump Postpones AI Executive Order Signing

President Donald Trump has postponed the signing of a highly anticipated executive order on artificial intelligence. He cited dissatisfaction with certain aspects of the draft, with reports also mentioning a desire to ensure US competitiveness against China and internal White House disagreements.

Defunct Malawian Bank Seeks $552M Compensation
Politicsmail-guardian28d ago

Defunct Malawian Bank Seeks $552M Compensation

A Malawian bank that ceased operations over two decades ago is seeking $552 million in compensation from the country, following a court ruling that its license was illegally revoked by regulators.

PostNL Fined €7 Million for Late Mail Deliveries
Businessnosde-volkskrantdutchnews+1nl-times1mo ago4 sources

PostNL Fined €7 Million for Late Mail Deliveries

Dutch postal service PostNL has been fined nearly €7 million by regulators for failing to meet delivery standards in 2023. The penalty was imposed due to the company's inability to deliver a sufficient amount of mail within 24 hours.

FBiH Banking Agency Celebrates 30 Years of Operation
Financeklix-ba1mo ago

FBiH Banking Agency Celebrates 30 Years of Operation

The Banking Agency of the Federation of Bosnia and Herzegovina marked its 30th anniversary with a conference in Sarajevo. The event, titled "Three Decades of Stability and Trust," highlighted the role of banking regulators in the new financial order.

Elon Musk Testifies in OpenAI Lawsuit, Calls Himself a 'Fool'
BusinessAPReutersBBC+28NYTwsjFTThe GuardianNPRAl Jazeerasvenska-dagbladetder-standard+20 more1mo ago31 sources

Elon Musk Testifies in OpenAI Lawsuit, Calls Himself a 'Fool'

Elon Musk delivered combative testimony during the second day of a lawsuit against OpenAI, accusing the company of a 'bait-and-switch' and betraying its original nonprofit mission. He expressed regret for his early funding, stating he 'was a fool' to have provided it.

Nigerian Government Addresses Financial Issues and Insecurity Concerns
WorldndtvPremium Timespunch-ng+1vanguard-ng9d ago4 sources

Nigerian Government Addresses Financial Issues and Insecurity Concerns

The Nigerian government has cleared five-month allowance arrears for lecturers and is deploying surveillance aircraft to combat insecurity, while a court voided a N110bn vote for National Assembly vehicles and allowances. Equity investors also experienced significant losses as the market uptrend reversed.

Kazakhstan Hosts Islamic Finance and Business Forum
Financeastana-times25d ago

Kazakhstan Hosts Islamic Finance and Business Forum

The Islamic Finance and Business Forum was held in Astana, Kazakhstan, on May 21, bringing together international regulators, investors, and business leaders. The event aimed to propel Islamic finance into a new growth phase in the country.

Nestle, Danone Accused of Delayed Toxin Alert in Infant Formula
Businessdigi24Daily Nation27d ago2 sources

Nestle, Danone Accused of Delayed Toxin Alert in Infant Formula

Nestle and Danone are facing accusations of delaying the alert to European authorities regarding the presence of a dangerous toxin in their infant formula. Critics claim the companies failed to promptly inform regulators about the potential health risk to babies.

India to Monitor Boeing 787 Fuel Switch Test After Air India Incident
WorldReutershindustan-timesindian-express+4straits-timesndtvchannel-news-asiaseeking-alpha28d ago7 sources

India to Monitor Boeing 787 Fuel Switch Test After Air India Incident

Indian regulators are set to monitor the testing of a Boeing 787 fuel control switch panel at a Boeing facility in the US. This inspection is linked to an incident involving an Air India flight from London to Delhi in February, where a fuel switch malfunction was reported.

SpaceX IPO Rumors Emerge Amid Elon Musk's Public Comments
TechnologyAPbloombergFT+15cbccnbcder-standardFrance 24orfvgdeloindex-hr+7 more29d ago18 sources

SpaceX IPO Rumors Emerge Amid Elon Musk's Public Comments

Recent news surrounding Elon Musk and SpaceX includes speculation about a potential SpaceX IPO and a reported 5-for-1 stock split, causing space stocks to rise. Musk also made headlines for personal comments, including criticism of 'woke mind virus' and past disputes with a former partner.

Businesspublico1mo ago

No Women Among Top 10 Highest-Paid in Portuguese Banking

A report reveals that no women are among the top ten highest-paid individuals in Portuguese banking, highlighting a persistent gender imbalance. This disparity continues to be a concern for European regulators, despite Portugal's banking sector showing better overall diversity than the European average.

African Music and Film Awards Announce Winners
Politicsdie-presseklix-baPremium Times+3punch-ngvanguard-ngmyjoyonline1mo ago6 sources

African Music and Film Awards Announce Winners

The 27th Ghana Music Awards celebrated artists like Kofi Kinaata and Black Sherif, while the Africa Magic Viewers' Choice Awards recognized achievements in African film and television, honoring figures such as Linda Ejiofor and Funke Akindele.

Steve Forbes Warns Against Blocking Key Media Merger
PoliticsFox News1mo ago

Steve Forbes Warns Against Blocking Key Media Merger

Steve Forbes argues that regulators risk damaging local television journalism by blocking the proposed Nexstar-Tegna media merger, which he believes would provide the necessary scale to compete with Big Tech and streaming services.

EU to Introduce Mandatory Digital Product Passports
Technologydelfi-lt1mo ago

EU to Introduce Mandatory Digital Product Passports

The European Union is set to introduce digital product passports, which will gradually become mandatory for various product categories across the bloc starting in 2027, allowing consumers and regulators to scan product information.

Hungary's Magyar Pushes EU to Release Frozen Funds
PoliticsAPBBCbloomberg+40NYTFTAl Jazeerayle-uutisetnosukrainska-pravdaDWirozhlas+32 more1mo ago43 sources

Hungary's Magyar Pushes EU to Release Frozen Funds

Péter Magyar, a rising Hungarian political figure, engaged in discussions with EU officials in Brussels, including Ursula von der Leyen, to secure the release of billions in frozen EU funds. The funds have been withheld due to concerns over the rule of law in Hungary, and a deal is anticipated soon.

EU Expands Big Tech Rules to Cloud Services and AI
TechnologyReuterschannel-news-asiastar-malaysia1mo ago3 sources

EU Expands Big Tech Rules to Cloud Services and AI

European Union regulators announced plans to extend their existing Big Tech regulations to encompass cloud computing services and artificial intelligence. This move aims to further rein in the power of major technology companies in these emerging sectors.

Warner Bros. Discovery Shareholders Approve Paramount-Skydance Merger
FinanceAPReutersBBC+49bloombergNYTFTThe GuardianNPRAl Jazeeranzzcbc+41 more1mo ago52 sources

Warner Bros. Discovery Shareholders Approve Paramount-Skydance Merger

Warner Bros. Discovery shareholders have approved a proposed $111 billion merger with Paramount and Skydance Media, though the deal still faces regulatory review. This approval occurred despite significant opposition to CEO David Zaslav's associated payout.

OMV Ordered to Fully Implement Austrian Fuel Price Brake
Businessder-standardorfdie-presse+1hotnews1mo ago4 sources

OMV Ordered to Fully Implement Austrian Fuel Price Brake

Austrian oil and gas company OMV has been compelled to fully implement the country's fuel price brake, including for diesel, after initially seeking an exception. Regulators confirmed that OMV must adhere to the rules regarding fuel price reductions.

EU Forms Working Group for Montenegro Accession Treaty
PoliticsAPReutersBBC+60FTAl Jazeerayle-uutisetruvukrainska-pravdaaftonbladetle-figarolsm-lv+52 more1mo ago63 sources

EU Forms Working Group for Montenegro Accession Treaty

The European Union has approved the creation of a working group tasked with drafting Montenegro's accession treaty. This move signifies a step forward in Montenegro's path towards EU membership.

Tesla Accused of Misleading European Regulators on Self-Driving Data
Politicsnostvn24The Independent+3hotnewschannel-news-asianl-times1d ago6 sources

Tesla Accused of Misleading European Regulators on Self-Driving Data

Tesla is facing accusations of presenting misleading safety data to European regulators regarding its 'Full Self-Driving' systems. This has led to scrutiny and concerns about the company's marketing claims for its autonomous driving technology.

Apple's Siri Faces EU Scrutiny Amid AI Race
Businesshindustan-timesRappler6d ago2 sources

Apple's Siri Faces EU Scrutiny Amid AI Race

Apple's new Siri is being highlighted as a potential dark horse in the AI competition, but it faces regulatory challenges from the EU. European regulators have stated that Apple will not receive exemptions from tech rules, particularly concerning delays in Siri's AI development.

EU Considers Limiting Voting Rights for Future Members, Orders Meta to Open WhatsApp to AI
BusinessBBCFTle-monde+29The Guardianyle-uutisettagesschaufazberlingskeder-standardFrance 24irozhlas+21 more7d ago32 sources

EU Considers Limiting Voting Rights for Future Members, Orders Meta to Open WhatsApp to AI

Several EU member states are proposing temporary restrictions on voting rights for future members, while the European Commission has ordered Meta to allow rival AI assistants free access to WhatsApp. These developments highlight ongoing discussions about EU expansion and digital market regulation.

Apple's New Siri AI Faces EU Regulatory Hurdles
Technologybloombergle-figarosvenska-dagbladet+21orfvgpublicoBusiness Insiderdennik-nindex-hrdnevnik-bghotnews+13 more7d ago24 sources

Apple's New Siri AI Faces EU Regulatory Hurdles

Apple has unveiled an upgraded version of its Siri AI, but its availability in the EU is uncertain due to a dispute with the European Commission over regulatory compliance. Analysts are largely bullish on Apple's AI roadmap, though some express concerns about the new Siri's performance on older devices.

Apple Unveils Revamped Siri AI and New Child Safety Features at WWDC
BusinessBBCbloombergNYT+40FTThe GuardianNPRnzzcnbcfazberlingskele-figaro+32 more8d ago43 sources

Apple Unveils Revamped Siri AI and New Child Safety Features at WWDC

Apple announced a major overhaul of its Siri AI, dubbed 'Apple Intelligence,' and introduced new child safety tools for iPhones and iPads at its annual Worldwide Developers Conference (WWDC). The company also cited European regulators for withholding some new Siri AI features from the EU.

VieVinum Wine Fair Held in Vienna
Businessfaz9d ago

VieVinum Wine Fair Held in Vienna

The international wine world has gathered in Vienna for the VieVinum trade fair, where some producers achieve success while others criticize Austrian regulators.

Royal Mail Under Investigation for Late Deliveries
BusinessThe Guardianirozhlas15d ago2 sources

Royal Mail Under Investigation for Late Deliveries

Royal Mail is facing another investigation by regulators after nearly a quarter of its first-class mail was delivered late. The postal service, now controlled by Křetínský, is under scrutiny for failing to meet delivery standards.

PoliticsReuters21d ago

Trump's Bank Regulators Scale Back Supervision

Reports indicate that bank regulators appointed during the Trump administration are actively paring back supervision, potentially leading to a more lenient regulatory environment for financial institutions.

Standard Chartered CEO Apologizes for 'Lower-Value Human Capital' Comments
BusinessBBCbloombergThe Guardian+6SCMPindex-hrYahoohotnewsnaftemporikizerohedge25d ago9 sources

Standard Chartered CEO Apologizes for 'Lower-Value Human Capital' Comments

Standard Chartered CEO Bill Winters issued an apology after facing widespread criticism for describing some workers as 'lower-value human capital' in the context of potential job cuts due to AI. His remarks sparked outrage and drew scrutiny from regulators.

Regulators Probe Firms Over Pre-Trump Iran Announcement Oil Trades
WorldforbesThe Independent27d ago2 sources

Regulators Probe Firms Over Pre-Trump Iran Announcement Oil Trades

Regulators are reportedly investigating three firms that made over $15 million from oil trades shortly before a Trump administration announcement regarding Iran. The probe focuses on these multimillion-dollar trades made just prior to the news.

Republican Rep. Thomas Massie Loses Primary to Trump-Backed Challenger
FinanceAPReutersBBC+61bloombergNYTwsjFTwapoThe GuardianNPRAl Jazeera+53 more28d ago64 sources

Republican Rep. Thomas Massie Loses Primary to Trump-Backed Challenger

Republican Representative Thomas Massie of Kentucky was defeated in his primary election by a challenger endorsed by President Trump. This outcome is widely seen as a result of Trump's campaign against Massie, whom he had criticized as a Republican critic.

Irish Regulators Fine Tech Giants €4bn, Collect €17m
Businessirish-independent1mo ago

Irish Regulators Fine Tech Giants €4bn, Collect €17m

Irish regulators have imposed €4 billion in fines on multinational tech and online retail firms operating out of Ireland. However, only €17 million of these fines have been collected, with new investigations also launched.

Anthropic Partners With SpaceX for AI Data Center Access
BusinessBBCbloombergFT+23The GuardianAl Jazeerayle-uutisetcbccnbcberlingskeder-standardorf+15 more1mo ago26 sources

Anthropic Partners With SpaceX for AI Data Center Access

AI company Anthropic has struck a deal with Elon Musk's SpaceX to gain access to its data centers and xAI's supercomputing resources. This partnership aims to boost Anthropic's AI development, specifically for its Claude Code growth.

Elon Musk Testifies in OpenAI Lawsuit Against Sam Altman
TechnologyAPbloombergNYT+22economistwsjle-mondeThe GuardiannzzfazFrance 24tvn24+14 more1mo ago25 sources

Elon Musk Testifies in OpenAI Lawsuit Against Sam Altman

Elon Musk has testified in a high-profile lawsuit against OpenAI and its CEO Sam Altman, accusing them of abandoning the company's original non-profit mission. The trial delves into OpenAI's founding principles and its evolution into a for-profit entity.

Seoul Court Halts Bithumb's Business Suspension
BusinessKorea Herald1mo ago

Seoul Court Halts Bithumb's Business Suspension

A Seoul court ruled in favor of Bithumb, temporarily suspending a six-month partial business suspension imposed by regulators, allowing the crypto exchange to continue operations pending a final decision.

FinanceNPR1mo ago

U.S. Regulators Eye Prediction Market Sites

U.S. regulators are reportedly investigating or considering regulations for prediction market platforms such as Kalshi and Polymarket, citing concerns over individuals profiting from privileged information.

PwC Fined $166 Million Over Evergrande Audit in Hong Kong
FinanceAPReutersFT+2newsbeastDaily Sabah1mo ago5 sources

PwC Fined $166 Million Over Evergrande Audit in Hong Kong

Hong Kong regulators have fined PwC $166 million for its role in auditing China Evergrande, citing failures in its oversight. The accounting firm is also expected to pay significant compensation to Evergrande shareholders.

Online Watchdog Warns Video Game Giants Over Child Grooming Concerns
Technologysbs-news1mo ago

Online Watchdog Warns Video Game Giants Over Child Grooming Concerns

An online watchdog has issued a warning to major video game companies regarding increasing concerns about child grooming on their platforms. This action follows Roblox's recent implementation of new account types specifically designed for underage users, amidst growing pressure from global regulators.