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THE teller at ICBC, China’s (and the world’s) biggest bank, ushers a new, well-heeled customer into a private room. It is not for VIP treatment but a stern warning. The customer wants to invest in products offering higher returns than a basic savings account. The teller fixes a camera on her and reels off a […]
Revived Games / Acid With over 200 million active users, Valve’s Steam service is the world’s largest digital game platform. A controversial game on Steam had players playing the role of a school shooter, which sparked outrage after images of the game went viral. The game was removed from Steam by Valve. As a result, […]
REPUBLICANS in the House of Representatives had hoped to cut a swathe through the Dodd-Frank act, a titanic set of financial regulations passed in 2010 in the wake of the 2007-09 crisis. The “Financial Choice Act”, drafted last year, would have lessened bureaucratic oversight and relied more on stiff capital requirements. Responsibilities and penalties would […]
Belgium and the Netherlands have ruled that many loot boxes in games like FIFA Ultimate Team are equivalent to gambling and in violation of their laws, but FIFA publisher Electronic Arts says it plans to continue its loot-box Ultimate Team mode. “We’re going to continue pushing forward [with FIFA Ultimate Team],” EA chief executiv…Read More
SPONSORED: Presented by Blockchain Terminal Cryptocurrencies are more than just a new asset class; they are a new investment paradigm. In a few short years the trading of crypto has gone from rudimentary peer-to-peer trades to being supported by an entire industry of platforms, exchanges, and tools. However, the trading ecosystem for crypto is stil…Read […]
Two long days of congressional hearings have come to an end for Mark Zuckerberg. But, the embattled Facebook CEO seems to have left members of Congress with more questions than answers about his company’s handling of user data, leading a number of them (both Democrats and Republicans) to float the idea of tougher regulations. Although […]
Let’s fast forward to 2020. A combination of class action lawsuits and tough regulation across the globe following the Cambridge Analytica scandal has led to the break-up or collapse of the digital behemoths. The remaining digital brands are constrained by stringent regional regulations that place social good and consumer protection on an equal footing with […]
Bill Gates rarely shied away from confronting Apple when he was Microsoft’s CEO, and new comments to Axios today suggest that he has a new issue with Cupertino: Unbreakable encryption. Without mentioning Apple’s name, Gates raised the prospect that the company might be on the wrong side of the encryption debate, specifically when it comes to […]
The recent death at a B.C. trampoline park is the latest in a rising tide of injuries that has many calling for safety standards in the industry, which is unregulated in Canada.
Enlarge / AT&T CEO Randall Stephenson on November 20, 2017 in New York City. (credit: Getty Images | Amir Levy ) AT&T is lobbying Congress for a net neutrality law that isn’t nearly as strict as the rules just recently repealed by the Federal Communications Commission. But the most notable aspect of AT&T’s rather vague […]
