MOSCOW—Russia fined Alphabet’s Google 9 million roubles ($121,000), a Moscow court said on Tuesday, in the latest in a string of penalties against the technology giant for failing to delete content the government deems illegal. Moscow has increased pressure on foreign tech companies this year in a campaign that critics characterize as an attempt by…
Russia Fines Google Over Content, Bigger Penalty Looms
Banking Regulator Warns of Increase in Ransomware Attacks
A leading U.S. bank regulator alerted banks to increasing online risks, especially ransomware attacks and other extortion campaigns, in a report published Monday, while advising firms to undertake cybersecurity measures to mitigate the risks. The Office of the Comptroller of the Currency (OCC), an independent bureau within the Department of Treasury that supervises all national…
Instagram Unveils Teen Safety Tools Ahead of CEO’s Senate Testimony on App’s Impact on Kids
Instagram said it has ramped up teen safety measures in its popular photo-sharing app, with the announcement coming as the firm’s chief executive is set to testify before Congress and following bombshell reports that it was aware of the app’s harm to teenagers. Adam Mosseri, CEO of Instagram, said in a blog post that the company…
Twitter Is Likely to Become More Politically Biased After Jack Dorsey’s Departure: Parler Founder
Twitter will likely become even more restrictive and politically biased following the departure of its founder and CEO Jack Dorsey last month, according to the co-founder and former CEO of Parler, John Matze. Speaking to NTD’s “The Nation Speaks,” Matze said he expects to see the social media platform implement further policies that are in line with…
Global Stocks Follow Wall Street Higher as Virus Fears Ease
BEIJING—Global stock markets followed Wall Street higher Tuesday as anxiety about the coronavirus’s latest variant eased and China reported stronger November trade figures than expected. London and Frankfurt opened higher. Shanghai, Tokyo, and Hong Kong advanced. Oil prices rose more than $1 a barrel for a second day. Wall Street futures were higher after the…
Russian Bans for Tech Giants Is Last Resort, Interfax Reports
MOSCOW—Moscow is ready for dialogue with foreign technology companies over possible bans for those that do not have official representation in Russia by the end of the year, Interfax reported on Monday, citing the state communications regulator. The report said companies would be blocked only as a last resort, dialling back a little from last…
Google, Meta Dominate as Digital Propels Global Advertising Growth: Forecasts
The global advertising industry will notch higher growth this year than previously expected as brands are relying more heavily on search engine and social media companies such as Alphabet Inc.’s Google and Meta Platforms Inc. to reach customers during the pandemic, according to two ad industry forecasts released on Monday. Despite a year marked by…
Dow Climbs Over 1 Percent on Cyclical Boost; Nvidia Weighs on Nasdaq
The Dow rallied over 1 percent on Monday as economy-linked banks and energy stocks roared back after sharp declines in the previous week, while Nasdaq struggled to keep pace as Nvidia dragged down chipmakers. Blue-chip stocks such as Honeywell International, Chevron Corp., Goldman Sachs, 3M Co., and Boeing Co. gained between 1.4 percent and 3.8…
Alec Baldwin and Wife Hilaria Delete Twitter Accounts After ABC Interview
Both Alec Baldwin and his wife, Hilaria Baldwin, deleted their Twitter accounts days after Baldwin’s interview with ABC in which he discussed the shooting death of “Rust” cinematographer Halyna Hutchins in October. When trying to access the actor’s main account, the message “This account doesn’t exist” is displayed, signaling that it was deleted. Hilaria Baldwin’s…
Wall Street Opens Higher on Banks, Energy Boost
Wall Street’s main indexes opened higher on Monday after declining sharply last week on Omicron and taper fears, with investors favoring banks, energy, and economy-linked stocks against technology and growth-heavy shares. The Dow Jones Industrial Average rose 53.35 points, or 0.15 percent, at the open to 34,633.43. The S&P 500 opened higher by 9.94 points,…
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