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Technology sector
Australia threatens action against Meta after Facebook news payments axed
...“We will respond in the national interest,” he said, describing any situation where a company profits from another’s work as “unfair” and “not the Australian way”....
March 1, 2024
Football
Google DeepMind unveils AI football tactics coach honed with Liverpool
...The US National Football League and Amazon Web Services have developed a player health tool known as the Digital Athlete, which they hope may in time be able to predict and prevent injuries....
March 19, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Google LLC
Google to pay $700mn in antitrust settlement over Android app store
...Google will also allow developers to steer consumers outside its store to other payment methods....
December 19, 2023
New York City
New York sends National Guard troops to patrol subway after attacks
...The most visible element will be the deployment of 750 National Guard troops, along with 250 state and transit police, throughout the system to check passengers’ bags for guns and knives....
March 6, 2024
Unhedged
What Big Tech antitrust gets wrong Premium content
...Carriers big and small are hooked into the same system....
January 19, 2024
Digital economy
G20 push for faster payments risks weakening Russia sanctions, experts warn
...The report urged increased public and private sector collaboration to “hardwire” financial crime prevention systems into cross-border payment infrastructure and harness national data to spot money laundering...
January 7, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
News in-depthMergers & Acquisitions
Dawn of the credit card war? Capital One takes on Visa and Mastercard
...In September, Discover agreed to improve its consumer compliance management system under a consent order from the FDIC....
February 22, 2024
Google LLC
Google chief Sundar Pichai grilled on the stand in Epic’s app store lawsuit
...Wall Street analysts had previously put the company’s payments to Apple at $16bn-$20bn a year....
November 14, 2023
Financial services
UK payment sector urged to develop system to bypass dominant card networks
...He described the push by big tech companies into the sector as a potential “inflection point” that made the need for a national payments strategy even more urgent....
November 22, 2023
News in-depthGoogle LLC
Google’s Epic legal battle opens up on another front
...payment system, leaving them paying higher fees....
November 6, 2023
Google LLC
Google loses antitrust lawsuit against Epic over its app store
...What distinguishes Google from Apple, which makes the iPhone, is that Google does not control the hardware that uses its operating system....
December 12, 2023
Rana Foroohar
Content creators fight back against AI
...That started to change a couple of years ago, when Australia, followed by Canada, forced tech platforms to negotiate payments with publishers....
January 8, 2024
Gillian Tett
Companies must rethink how they handle cyber risk
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
April 18, 2024
Google LLC
Google engineer charged with AI secrets theft while working for Chinese groups
...Ding Linwei, a 38-year-old Chinese national, was hired by Google in 2019 to work on the software used in its supercomputing data centres....
March 6, 2024
LexPoste Italiane SpA
Poste Italiane, unlike Royal Mail, brings both the mail and the cash Premium content
...Britain established the world’s first postal savings system in the 1860s, today known as National Savings and Investments....
April 5, 2024
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
White collar crime
Two men acquitted of corruption in Saudi defence contract case
...The case has some similarities with the so-called Al Yamamah scandal, when the attorney-general intervened in 2006 on national security grounds in an SFO investigation into arms deals struck by BAE Systems...
March 6, 2024
LexHedge funds
Multi-managers: Marshall’s pod blast highlights booming platforms Premium content
...As a hedge fund tycoon, Paul Marshall was not the obvious candidate to call out the payment of “incredible amounts” to hedge fund managers....
November 9, 2023
UK immigration
Sunak’s Rwanda asylum scheme could cost UK £580mn, watchdog warns
...An additional ETIF payment of £120mn will then be automatically triggered once 300 asylum seekers have been relocated to Rwanda, followed by further payments of £20,000 for each subsequent completed relocation...
March 1, 2024
Google LLC
Google agrees to pay C$100mn a year for news in Canada
...Google’s payments would be made to a collective fund, she added, ending the need to negotiate with each publisher separately....
November 29, 2023
Thames Water
Hunt says Thames Water must ‘sort out’ its own issues
...“What I want to protect in terms of the national interest is more investment, to ensure a more resilient water supply and clean rivers and fair treatment for bill payers,” he added....
April 17, 2024
InterviewEpic Games Inc
Epic Games chief concerned Google will ‘get away’ with app store charges
...“It was just really heartening to see that the justice system worked so well in the end.”...
December 16, 2023
InterviewUK agriculture
Farmers’ leader slams post-Brexit agricultural policy
...Brexit was seen as an opportunity for the payment system to be overhauled....
December 17, 2023
News in-depthUK Budget 2024
Chancellor’s pledges not enough to fix UK’s childcare system, warn providers
...The National Day Nurseries Association has said higher national living and minimum wages due to come into effect in April will increase costs for providers by at least 10 per cent....
March 5, 2024
UK politics
Gove vows to reduce ground rents to ‘peppercorn’ levels over time
...Heavy lobbying by pension and investment fund managers played a large role in the Treasury’s decision to intervene on ground rents — an annual payment that is part of the centuries-old leasehold system that...
April 18, 2024
UK insurance industry
Lloyd’s finds major hack of a payments system could cost $3.5tn
...Lloyd’s of London has warned that a major cyber attack on a global payments system could cost the world economy $3.5tn, as insurers and companies worry about the systemic threat from hackers and whether...
October 18, 2023

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