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EU slams Meta with $840m fine for allowing abusive ads on Facebook

The European Union (EU) has slammed Meta with fine for the sum of $840 million for violating its antitrust laws by automatically allowing abusive...

Business

Mega Profits Declared By Banks Will End Soon— IMF

The International Monetary Fund (IMF) has called on central banks and policymakers to encourage their banks to build resilience to future shocks saying the...

Tech

Amazon faces more EU scrutiny over transparency of its advertisements, recommender algorithms

American multinational technology company Amazon faces more scrutiny from the European Union over the transparency of its featured advertisements and recommender algorithms.The EU filed...

Business

FMO, FCMB, EU sign agreement to provide $25m funding for agric, youth, women-owned SMEs in Nigeria

The Dutch Entrepreneurial Development Bank (FMO) and Nigeria’s First City Monument Bank (FCMB) today signed a $25 million NASIRA guarantee agreement. The guarantee will...

Tech

EU doubles down on Meta, says its ‘Pay or Consent’ model violates Digital Markets Act

The “pay or consent” offer made by Meta to Facebook and Instagram users in Europe has been found by the European Commission to be...

Tech

Microsoft reacts to EU complaints over children’s data privacy

Microsoft, an American multinational corporation and technology giant, has responded to a legal complaint suggesting that hundreds of thousands of kids may be tracked...

Tech

Meta kicks as EU probes Facebook, Instagram over child safety concerns

Meta (formerly the Facebook company) has to the European Union (EU) investigation of child safety concerns and scrutiny of its algorithmic systems.The EU had...

Tech

TikTok moves to avoid EU concerns, removes reward feature on Lite app

In light of a legal inquiry by the European Union, TikTok, a Chinese-owned video-sharing company, has announced that it is willingly ending the rewards...

Tech

ADDICTION CONCERNS: EU opens probe into TikTok Lite after US govt moves to ban app

The European Union (EU) has launched a second official investigation into TikTok Lite’s operations. This action comes after a more thorough investigation in February.The...

Business

EU Introduces New Import Control System For Entry Of Goods

The European Union’s new customs pre-arrival safety and security system – Import Control System 2 (ICS2) – will introduce a new process for entry...

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