Civil Rights Organizations Call for Ban on Corporate Use of Facial Recognition
By: The Hill April 14, 2021 A coalition of civil and human rights organizations on Wednesday called for officials on all levels of government to take action toward banning the private and corporate use of facial recognition technology. More than 20 organizations signed the open letter urging a ban similar to one that went […]
Jack Ma’s Ant Group Forced to Restructure After China Crackdown
By: City AM April 12, 2021 Ant Group will be restructured as a financial holding company as part of a crackdown by Beijing on billionaire Jack Ma’s Alibaba empire. China’s central bank today said Ant Group had laid out a “comprehensive and feasible restructuring plan” following pressure from regulators. The agreement will […]
A Byte To Eat: will AI Super-Tasters Disrupt Food?
By: The Economist April 9, 2021 A tea bag is an extraordinary thing. Each small sachet contains a mix of leaves from different producers and different places. Hundreds of factors can affect the flavour of each leaf, from the amount of sunlight and rainfall to the type of soil it was grown in, how […]
Google Accused Of Insider Trading Over Secret Digital Ads Programme
By: City AM April 12, 2021 Google has been accused of insider trading in the digital advertising market through its use of a secret programme that allegedly gave it an unfair advantage over rivals. Court documents filed in a Texas lawsuit state the scheme, dubbed Project Bernanke, used access to data about past […]
US sanctions Chinese Computer Makers in widening Tech Fight
By: Fox Business April 9, 2021 The latest penalties block access to U.S. technology for researchers and manufacturers that build supercomputers used by the Chinese military The Biden administration has added seven Chinese supercomputer research labs and manufacturers to a U.S. export blacklist in a spreading conflict with Beijing over technology and security. The measure announced […]
Biden Proposes Global Reforms to End ‘Profit Shifting’ to Tax Havens
By: The Guardian April 8, 2021 President Joe Biden has proposed sweeping global tax reforms that would limit the ability of multinational corporations to shift profits overseas, while taking steps to forge a landmark agreement on a worldwide minimum tax rate. The proposals are designed to tackle the very low rates of tax paid by […]
China’s Rulers Want More Control of Big Tech
By: Economist April 8, 2021 China’s tech tycoons have not been themselves lately. In early March, at the annual session of China’s rubber-stamp parliament, Pony Ma called for stricter regulation of Tencent, the $700bn online empire he founded. Days later a rising star, Simon Hu, left his post as chief executive of Ant Group, a […]
UK Policies On Tackling Runaway CEO Pay Have Backfired, Says Vince Cable
By: The Guardian April 7, 2021 Vince Cable has said government policies aimed at tackling the vast pay gap between chief executives and their staff do not address the root cause of the issue and in some cases may have made the problem worse. The former business secretary said measures to increase the transparency of […]
Janet Yellen Calls for a Global Minimum Tax on Companies. Could it Happen?
By: Economist April 6, 2021 CORPORATE TAXATION is one of the thorniest issues in international economic policy. Janet Yellen, President Joe Biden’s treasury secretary, and a former head of the Federal Reserve, is duly weighing in. On April 5th she grabbed the attention of the occupants of corner offices worldwide with a speech to […]