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Welcome to day three of UNCTAD eWeek 2023 | Programme?
Dec 06,2023
Day three of the UNCTAD eWeek 2023, organised by the United Nations Conference on Trade and Development (UNCTAD) in collaboration with eTrade for all, has begun. See the detailed programme and relevant information on how to locate reports from a...
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Spanish media association files E550mln lawsuit against Meta
Dec 05,2023
The AMI media association, a consortium comprising 83 Spanish media organizations, has initiated legal proceedings against Meta, seeking 550 million euros ($600 million) in damages. The Spanish media allege that Meta has been extensively and systemat...
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Opening of UNCTAD eWeek 2023
Dec 04,2023
The eWeek 2023, hosted by the United Nations Conference on Trade and Development (UNCTAD) in partnership with eTrade for all, has officially started today. This event is scheduled to unfold both in Geneva and online from 4 to 8 December 2023. Just-i...
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Australian competition and consumer protection watchdog calls for a regulatory reform
Nov 27,2023
The Australian Competition and Consumer Commission (ACCC) has published a report underscoring the need for regulatory reform in response to the expanding influence of digital platforms like Amazon, Apple, Google, Meta, and Microsoft. In particular, i...
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EU Council adopts Data Act
Nov 27,2023
The EU Council adopted a new regulation on fair access to and use of data (Data Act). Essentially, the new regulation will give users and businesses access to their data through a reinforced portability right and copying or transferring data across d...
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FTC authorises compulsory process for AI-related products and services to prevent potential harms
Nov 24,2023
The US Federal Trade Commission (FTC) has approved an omnibus resolution allowing the use of 'compulsory process in nonpublic investigations involving products and services that use or claim to be produced using artificial intelligence (AI) or claim ...
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Binance pleads guilty to counts of money laundering and consents to the $4.2 billion fine
Nov 22,2023
Binance, the world's largest cryptocurrency exchange, and their former CEO, Zhao Changpeng, have pleaded guilty to multiple charges filed by the US Justice Department. Binance was criminally charged with breaking sanctions and money-transmitting laws...
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The US SEC sues cryptocurrency exchange Kraken
Nov 21,2023
,Cryptocurrency exchange Kraken is being sued by the US Securities and Exchange Commission (SEC) for allegedly violating federal securities laws. The SEC claims that Kraken mixed customer and corporate funds, combining up to$33 billion in customer cr...
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Microsoft and Google to embrace EU 'gatekeeper' status
Nov 14,2023
Microsoft and Google have decided not to contest the 'gatekeeper' label under the Digital Markets Act (DMA) that mandates easier user mobility across competing services like social media platforms and internet browsers. As a part of its recent effort...
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Irish DPA fined Meta for data scraping on Facebook
Nov 13,2023
Concluding an inquiry into Meta, the Irish Data Protection Commission issued a fine of EUR 265 million against the company for data scraping on Facebook, in violation of GDPR obligation for data protection by design and default. The inquiry commenced...
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Digital Services Act came into force
Nov 13,2023
On 16 November 2022, the Digital Services Act (DSA) came into force. The DSA applies to digital services connecting consumers to goods, services, or content. Online platforms will have until 17 February 2023 to report the number of active end users. ...
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FTC filed a complaint about moneymaking schemes involving Amazon business packages, business coaching, and cryptocurrency.
Nov 13,2023
On 16 November 2022, the Federal Trade Commission (FTC) filed the complaint and final order in the U.S. District Court for the Southern District of Florida against DK Automation and its owner. The claim is based on the sales of Amazon programs promis...
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