Internet News

Facebook to create privacy panel, pay $5 billion to U.S. to settle allegations

The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said....

Colombia orders Uber to improve data security after 2016 breach

Colombia has given ride-hailing app Uber Technologies Inc four months to improve its data security, the commerce regulator said on Tuesday, after a 2016 data breach affected more than 260,000 of the South American country's residents....

Russian lawmakers seek to stamp out banned content in emails

Russian lawmakers floated draft legislation on Tuesday that would prohibit email service providers from circulating messages containing banned content and also require email accounts to be linked to their user's mobile phone number....

Swiss privacy office wants details on Facebook's Libra crypto project

Switzerland's privacy watchdog said on Tuesday it has yet to receive a reply to a July 17 letter seeking details about Facebook's Swiss-based Libra cryptocurrency project, adding it needs the information to determine its oversight role....

Facebook-style app launches in Vietnam amid tightening internet rules

A Facebook-style social network was launched in Vietnam on Tuesday, following calls by the Communist-ruled government for domestic tech companies to create alternatives to U.S. tech giants Facebook and Google....

Madrid court rules Deliveroo couriers are employees, not freelancers

A Madrid court ruled on Tuesday that couriers for online food delivery group Deliveroo are company employees, not just freelancers, clearing the way for workers to demand a formal contract and corresponding benefits....

FTC to announce $5 billion settlement with Facebook as early as this week: sources

The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc as early as this week of its investigation into the social media company’s handling of user data, two sources briefed on the matter said on Monday....

Facebook, Amazon and Alphabet take center stage on Wall Street

The so-called FANG stocks take center stage on Wall Street this week, with Amazon , Alphabet and Facebook set to report as the S&P 500 approaches a record high....

Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJ

Credit reporting company Equifax Inc is close to a deal to pay around $700 million to settle data breach probes with U.S. regulators and states, the Wall Street Journal reported on Friday, citing people familiar with the matter....

Trump tells France's Macron U.S. concerned with proposed digital services tax

U.S. President Donald Trump spoke with French President Emmanuel Macron on Friday and expressed concerns about the country's proposed digital services tax, the White House said....

G7 urges tough Libra regulation, agrees to tax digital giants

Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday....

ITV, BBC to offer BritBox at 6 pounds per month in UK

(Reuters - British broadcasters ITV and the BBC said on Friday they would launch streaming service BritBox in the UK at nearly 6 pounds ($7.51) per month, giving subscribers access to hit shows such as "Love Island", "Gentleman Jack" and "Coronation Street"....

Transport app FlixMobility gets Germany's biggest tech funding round to drive growth

Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany's biggest tech funding round to date to back investments in its expansion, sources familiar with the matter said on Thursday....

Cyber expert charged in huge Bulgarian data hack is bailed

A cybersecurity expert accused of involvement in hacking the personal data of millions of Bulgarian taxpayers was conditionally released on Wednesday after prosecutors downgraded charges against him....

India queries Chinese app TikTok after call for ban by Hindu group

India's IT ministry has asked Chinese video app TikTok, one of the world's most popular, to explain how it collects user data and creates awareness for safe use of its platform, according to government officials and a document seen by Reuters....

Russia fines Google for failing to filter search results

Russia's communications watchdog fined Google 700,000 roubles ($11,100) on Thursday for failing to fulfil legal requirements to remove entries from its search results that Moscow believes contain illegal information....

Stablecoins like Libra must be held to highest standards: G7

Stablecoins like Facebook's Libra can foster financial inclusion but they must be held "to the highest regulatory standards" to ensure that they aren't used to launder money and that users are protected, a Group of Seven taskforce on the issue concluded....

Verizon resurrects media business as safe haven on the internet

Banning pornography from Tumblr was not necessarily meant to define Verizon Media's strategy to turn around a collection of Internet has-beens. But that is how it has played out....

Sports streaming firm DAZN to show Eurosport in four European countries

Sports streaming service DAZN said on Thursday its subscribers would be able to receive Eurosport in Germany and three other European countries after a deal with the channel's owner Discovery....

Netflix shares plunge as global growth falls short, U.S. customers shrink

Netflix Inc said on Wednesday it lost U.S. streaming customers for the first time in eight years and missed targets for new subscribers overseas, an announcement that jarred investors ahead of looming competition....

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