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By Foo Yun Chee BRUSSELS (Reuters) – EU lawmakers agreed on Wednesday to draft rules requiring Alphabet’s Google, Meta and other online services to identify and remove online child pornography, saying that end-to-end encryption would not be affected. The draft rule on child sexual abuse material (CSAM), proposed by the European Commission last year, has …

EU lawmakers back rules forcing Big Tech to tackle child pornography Read More »

MILAN (Reuters) – Italy’s data protection authority has kicked-off a fact-finding investigation into the practice of gathering large amounts of personal data online for use in training artificial intelligence (AI) algorithms, the regulator said on Wednesday. The watchdog is one of the most proactive of the 31 national data protection authorities in assessing AI platform …

Italy’s privacy regulator looks into online data gathering to train AI Read More »

(Reuters) – Spain’s anti-trust watchdog on Wednesday cleared Amazon, Booking Holdings and Tripadvisor of participating in or facilitating fake reviews on their websites. CNMC, as the watchdog is known had been looking into a complaint lodged by a local association defending consumers. “CNMC found no indication that the platforms have participated in or facilitated the …

Spain’s watchdog clears Amazon, Booking.com, Tripadvisor over fake reviews Read More »

By Foo Yun Chee and Sudip Kar-Gupta BRUSSELS (Reuters) -Dutch bank Rabobank was hit with a 26.6-million-euro ($29 million) fine by EU antitrust regulators on Wednesday for taking part in a euro-denominated bonds trading cartel for a decade. Banks around the world have been fined billions of euros by antitrust enforcers in recent years for …

Rabobank hit with $29 million EU fine over 2006-16 bond cartel Read More »

ROME (Reuters) – Italy blocked French group Safran’s planned $1.8 billion purchase of the flight control systems arm of Collins Aerospace because it could have threatened supplies to national armed forces, Prime Minister Giorgia Meloni said on Wednesday. Safran said on Monday that Rome had vetoed its acquisition of Microtecnica, Collins Aerospace’s Italian subsidiary, using …

Italy blocked Safran-Collins deal due to national defence issues -Meloni Read More »

By William Schomberg LONDON (Reuters) – British finance minister Jeremy Hunt’s big tax cut surprise could help the ruling Conservatives recover some favour among voters, but it threatens to store up budget problems for whichever party wins power after the expected 2024 election. Hunt was cheered by Conservatives in parliament on Wednesday when he said …

Analysis-British tax cut spells trouble in store for next government Read More »

By Lisa Baertlein LOS ANGELES (Reuters) – As FedEx and United Parcel Service battle for market share in a delivery demand downturn, they are expanding returns services aimed at helping retailers slash the cost of sending back shoes, apparel and other goods. U.S. shoppers last year returned 16.5% of purchases, or $817 billion worth of …

In market share battle, FedEx and UPS target retail returns Read More »

ZURICH (Reuters) – UBS is one of the world’s safest large institutions, the Swiss bank’s CEO said while speaking at a Swiss Risk Association event on Wednesday. “Even in the unlikely event of something going wrong at UBS, we have enough cushion before even speaking about a resolution of the bank and its very unlikely …

UBS CEO says private buyer preferred outcome in case of rescue Read More »

DUBLIN (Reuters) – Dublin Airport is turning away airlines seeking to fly into Ireland more often and may not be able to add extra flights for one-off events while it waits at least two years for approval to increase a cap on passengers, its operator said on Wednesday. The number of passengers permitted at Ireland’s …

Dublin Airport turning away airlines due to passenger cap Read More »