Tech News

Meta vows EU privacy tweak after massive fine

Facebook owner Meta said on Thursday it would tweak how it collects data on users in Europe after it got fined for failing to ask for proper permission.. Meta was hit with a 390 million euro fine ($425 million) in December after it failed to convince regulators that gathering data to serve up tailored ads was a necessary part of its contract with users.

US bank deregulation 'may have gone too far': Treasury Secretary

Recent banking sector turmoil is a reminder that work on reforms remains unfinished, and there is a need to "consider whether deregulation may have gone too far," US Treasury Secretary Janet Yellen plans to say Thursday.. Referring to banking turmoil and the pandemic, she said: "These events remind us of the urgent need to complete unfinished business." 

Swiss court convicts four bankers over Putin cellist funds

Four bankers from a Russian bank's Swiss branch have been found guilty by a Zurich court over vast sums going into the accounts of a close confidant of President Vladimir Putin.. The four men were found guilty of "lack of due diligence in financial transactions", the Zurich District Court said in its verdict released to media on Thursday, over the millions of Swiss francs flowing through Roldugin's account.

Streaming films more diverse than cinematic releases: study

Films released by streaming services are more racially representative and more likely to have female leads than those that debut in theatres, a study released Thursday showed.. A third of streaming films had a minority actor in the lead role last year, while only 22 percent of theatrical releases did, the report said.

Musk's AI letter is a 'hot mess' of hype, say critics

A letter signed by Elon Musk and hundreds of experts calling for a pause in the development of artificial intelligence is a "hot mess" of "AI hype" that even misrepresents an academic paper, critics say.. Her co-author Emily Bender said the letter was a "hot mess" and was "just dripping with AI hype".

H&M beats expectations by staying in the black

Swedish clothing giant H&M said Thursday its net profit more than doubled in the first quarter, defying expectations as analysts were expecting a loss.. Analysts surveyed by Bloomberg were expecting an average loss of more than one billion kronor.

Canada revs up its EV batteries manufacturing

As the world accelerates toward emissions-free driving, Canada is making a big push into batteries for electric vehicles -- touting tax incentives, bountiful critical minerals and clean energy to attract multinationals.. This week Ottawa doubled down with the introduction of a 30 percent tax credit for new machinery and equipment used to manufacture clean technologies, and to mine or recycle cobalt, lithium, nickel and other critical minerals used in EV batteries.

Fruit in crisis: Florida's orange groves buffeted by hurricane, disease

Vernon Hollingsworth grew up in Florida among his family's orange trees, recently ravaged by a double whammy of disease and a hurricane that have sent juice prices spiraling and left farmers blinking in disbelief.. In Florida, the world's second largest producer of orange juice after Brazil, groves have been suffering from a citrus tree disease called Huanglongbing (HLB) for the last 17 years.

Australian parliament approves emissions caps on big polluters

Breakthrough climate laws passed by Australia on Thursday will target the nation's worst polluters, forcing coal mines and oil refineries to curb emissions by about five percent each year.. Aluminium smelters, coal mines, oil refineries and other large polluters will be forced to cut their emissions by 4.9 percent each year.