French Regulator Draws Attention to Apple’s Ad Policy
The French competition authority has expressed dissatisfaction with the concept of Apple’s advertising policy.
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Amazon Offers Up Marketplace Rule Change to Solve UK Antitrust Issues
Amazon agreed to the proposal to change the mechanism for processing information about competitors’ sales and introduce the practice of equal interaction with all sellers operating on the virtual platform of the e-commerce giant in the UK.
NatWest CEO Steps Down
The chief executive officer of NatWest Group Plc, Alison Rose, is resigning amid a scandal related to the fact that this financial institution closed the account of Nigel Farage, a politician-turned-pundit.
Federal Reserve Fines UBS
The Federal Reserve System last Monday, July 24, announced the application of sanctions in the form of fines against UBS due to the practice of committing misconduct by Credit Suisse in risk management of Archegos Capital Management, an investment fund that declared bankruptcy in 2021.
Italian Antitrust Watchdog Cancels Payment Fees for Small Retail Transactions
In Italy, the antimonopoly regulator has decided to approve a deal that will eliminate commission fees for payments and simplify the penalty mode regarding financial operations with small cards.
Apple Considers Removing Messaging Services from UK
The media reports that Apple has taken a position of radical rejection of updates to the Investigatory Powers Act, which was proposed by the British government.
OpenAI Supports Requiring Licenses for Advanced AI Systems
The memorandum on internal policy prepared by OpenAI indicates that this company supports the idea of mandatory licensing of the activities of firms that intend to develop advanced artificial intelligence systems.
Fed Fines Deutsche Bank
The Federal Reserve System fined Deutsche Bank $186 million.
Spain Antitrust Watchdog Fines Amazon and Apple
In Spain, the local antitrust regulator fined Amazon and Apple.
SEC Chair Says About Developing Rules for AI Use
The U.S. Securities and Exchange Commission (SEC) plans to use its current powers to carry out activities to regulate the use of artificial intelligence-based tools.
CFPB and European Commission Start Discussion About Digitization of Finance
Didier Reynders, Commissioner of the European Commission for Justice and Consumer Protection, and Rohit Chopra, Director of the U.S. Consumer Financial Protection Bureau (CFPB), on Monday, July 17, announced the beginning of a dialogue on some issues related to the digitalization of the financial industry.
Ripple CEO Says XRP Ruling Helps Company to Grow
Ripple CEO Brad Garlinghouse announced the positive consequences of the court’s decision, which concerns the token of this company.
FTC Investigates OpenAI for Potential Harm to Consumers
The US Federal Trade Commission (FTC) has launched an investigation into OpenAI.
FTC Wants to Pause Microsoft-Activision Deal
The US Federal Trade Commission (FTC) has appealed to the Court of Appeals to delay the implementation of the deal worth $69 billion, under which Microsoft will absorb Activision Blizzard.
China Publishes Final Version of Rules for Use of Generative AI
The Chinese authorities have published a list of operating principles for generative artificial intelligence services.
Everything You Need to Know About a K-1 Form
If you have a business partnership or corporation, you’ll likely need to file a K-1 Form for tax purposes. But you might not be familiar with how it works and how to file it.
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