Meta Threatens , To Shut Down Facebook , and Instagram in the EU.
CNBC reports that Europe has been warned by Meta that it might lose access to Facebook and Instagram if the company is not allowed access to user data.
.
CNBC reports that Europe has been warned by Meta that it might lose access to Facebook and Instagram if the company is not allowed access to user data.
.
On February 3, Meta issued the warning
alongside the company's annual report.
.
In Europe, regulators have proposed new
legislation that would change how EU citizens'
data can be transferred across the Atlantic.
.
If a new transatlantic data transfer
framework is not adopted and we are
unable to continue to rely on SCCs
(standard contractual clauses) or rely upon
other alternative means of data transfers
from Europe to the United States, , Facebook, annual report, via CNBC.
If a new transatlantic data transfer
framework is not adopted and we are
unable to continue to rely on SCCs
(standard contractual clauses) or rely upon
other alternative means of data transfers
from Europe to the United States, , Facebook, annual report, via CNBC.
... we will likely be unable to offer
a number of our most significant
products and services, including
Facebook and Instagram, in Europe, Facebook, annual report, via CNBC.
CNBC reports that lawmakers in the EU
have responded to Meta's apparent threat.
.
CNBC reports that lawmakers in the EU
have responded to Meta's apparent threat.
.
On Twitter, European lawmaker Axel Voss said that Meta , “leaving the EU would be their loss.”.
Meta cannot just blackmail the EU into giving up its data protection standards, Axel Voss, German lawyer and politician, via Twitter.
In July of 2020, the European Court of Justice ruled that European citizens' privacy is not adequately protected under the current data transfer standard.
.
In July of 2020, the European Court of Justice ruled that European citizens' privacy is not adequately protected under the current data transfer standard.
.
The court determined that EU citizens
have no effective way to challenge or avoid
surveillance by the American government.
European Policy Centre analysts say the general political climate and the upcoming European elections are, in part, responsible for the uptick in violence.
Credit: euronews (in English) Duration: 02:36Published
Defended by some, criticised by others, misunderstood by many, Europe's Green Deal on climate change has generated heated debate across the EU in recent months. European elections have intensified the focus on it. What is it and why is it controversial? Euronews Witness's Julian Gomez explores.
Credit: euronews (in English) Duration: 20:00Published
Spain denied port access to a Danish ship carrying 27 tons of explosives from Chennai to Haifa, Israel, citing the need for peace in the Middle East over more weapons. Spanish Foreign Minister Jose Manuel Albares emphasized this new policy amid the ongoing Gaza conflict, which began on October 7. Spain has also halted arms sales to Israel and urged EU capitals to recognize Palestine.
#Spain #Israel #IsraelGaza #IsraelGazawar #Gazawarlive #Gazawarupdates #PedroSanchez #WarLive #Israelattack #Worldnews #Oneindia #Oneindianews
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A Moroccan asylum seeker has been sentenced to life in jail for murder, with a minimum term of 45 years, at Teesside Crown Court. In October last year, 45-year-old Ahmed Alid stabbed Iranian Christian convert Javed Nouri at the house he was sharing with other asylum seekers before looking for more victims in Hartlepool town centre. He then stabbed and killed 70-year-old Terence Carney who was out for his regular early morning walk. Alid told police he had committed his crimes out of “revenge” for Israel killing children in the Palestinian conflict. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Pastor of Jubilee Church, Tope Koleoso, described the service for 14-year-old Daniel Anjorin as “gentle and peaceful” as dozens of mourners gathered to pay their respects.
Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
From anti-violence Facebook posts to poetry and pictures with a "national voluntary civil militia" group, the digital footprint of the suspect in the shooting of.. Sky News
The personal fortunes of the prime minister and the King have risen in the last 12 months, according to the Sunday Times Rich List 2024. Rishi Sunak and wife Akshata Murty’s wealth surged from £529m last year to £651m this year. Meanwhile, King Charles’ wealth also grew, rising from £600m last year to £610m this year. This year’s list was again topped by Gopi Hinduja and his family, who control the Hinduja Group, and saw their wealth rise from £35bn to £37.2bn. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Celebrities just love to hightail it out of Hollywood ... pack up their bougie belongings and get their Instagram-worthy vacations abroad underway. Come.. TMZ.com
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TGIF TMZ fans ... now, start your final workday off right with the best clips TMZ has to offer. On "TMZ Live," Charles and Charlie talk Taylor Swift and Kim.. TMZ.com
WhatsApp Is Rolling Out , Passkeys for iOS.
The announcement was made on April 24.
WhatsApp passkey support on iPhones
comes months after Meta's encrypted messaging app made the feature available
to Android users, The Verge reports. .
Passkeys are meant to replace passwords because they are more secure and convenient.
They also enable you to sign in when disconnected from a network.
To enable passkeys for WhatsApp on
iOS, open settings, then go to accounts,
which is where you'll find the option.
However, rollouts can take time, so keep checking if you don't see passkeys right away.
WhatsApp spokesperson Zade Alsawah
said more people should see the option
"in the coming weeks.".
Alsawah also said that a QR code from
"Linked Devices" will still need to be scanned to log into the platform on other devices.
“since Mac, Windows and web can’t
be primary devices for an account.”
Credit: Wibbitz Top Stories Duration: 01:31Published
Jon Stewart is saying that Apple asked him not to talk to the Federal Trade Commission Chair Lina Khan on his former Apple show 'The Problem with Jon Stewart.' Khan, who became chair of the FTC in 2021, has made a name for herself for being an outspoken critic of the business practices of Big Tech companies like Amazon and Meta and has been praised by both Democrats and Republicans for her antitrust efforts. Khan was a guest on Monday's episode of Comedy Central's 'The Daily Show,' where Stewart made the revelation.
Credit: The Hollywood Reporter Duration: 01:47Published
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employees’
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts — no matter which
government they’re with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
We’ve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didn’t make these decisions
lightly, and we’re committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division “as a result of a broader strategic shift in the use of some applications in Amazon’s owned as well as in third-party stores,” the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Service’s , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
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