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Google, Facebook face over $9 billion fine as GDPR Impact

26May By Lavina TolaniNo Comments

News

Google, Facebook face over $9 billion fine as GDPR Impact

Its just been a few hours when European Union's (EU) General Data Protection Regulation (GDPR) came into effect and now a news has surfaced that Google and Facebook have been hit with privacy complaints that could carry fines of up to $9.3 billion in total. Austrian privacy-advocacy group Noyb.eu has said that with regard to privacy, Facebook, Google, and Facebook-owned Instagram and WhatsApp are forcing people to adopt a "take it or leave it" approach which eventually demands them to give in to platform's intrusive terms of service. The group has said in its statement, Tonnes of 'consent boxes' popped up online or in applications, often combined with a threat, that the service can no longer be used if user (s) do not consent. Moreover, It is asking regulators in Germany, Austria...

Microsoft Will Extend EU Data Policy Law Globally

25May By Sheldan RungasamyNo Comments

News

Microsoft Will Extend EU Data Policy Law Globally

Microsoft Corporation, the tech giant, announced that it is planning to extend the rights of the European Union’s new data privacy law to its global customers and not exclusively to users from European territory. The law comes after tech companies such as Facebook were found guilty of sharing personal user data to third parties for ad-targeting. The General Data Protection Regulation (GDPR), will come in full effect as from today and aims to give internet users a better control of how companies use their personal data. Moreover, tech companies will have to comply to a rigid protocol on how they store personal users’ data and how they share it with third parties. “As an EU regulation, GDPR creates important new rights specifically for individuals in the European Union. But we believe ...

New Zealand Government Proposes Amazon Tax For E-Commerce

1May By Sheldan RungasamyNo Comments

News

New Zealand Government Proposes Amazon Tax For E-Commerce

New Zealand is looking forward to implement a new law that will enable the government to tax purchases such as books, shoes and other small items made online from overseas companies in what will be called the “Amazon Tax.” New Zealand’s revenue minister Stuart Nash announced that the government would work on finding a solution to the loophole in its tax structure that allowed individuals to purchase low-cost items overseas from online platforms without having to pay the 15% tax imposed on goods sold in the country’s offline retails. The new system will levy the same amount of tax on items costing less than $400 and only has to be approved by lawmakers before coming in full effect from October 2019. Several countries are confronted with the same problem as e-commerce companies provide...

Google Faces Its First “Right To Be Forgotten” Trial in England

20Jan By PriyankaNo Comments

News

Google Faces Its First “Right To Be Forgotten” Trial in England

The search engine giant, Google Inc is set for its first battle in a London court over the "right to be forgotten" in two cases. This is the first time that the court in England will be dealing with the matter of Google's personal privacy and public interest. The case is filed by two businessmen (anonymous) who want the search engine to take down the information of their older convictions, Bloomberg reported. One of the men had been found guilty of conspiracy to account falsely, while the other of conspiracy to intercept communications, said Judge Matthew Nicklin at a pre-trial hearing Thursday. The convictions highlighted are old and presently covered under an English law designed to rehabilitate offenders- saying they can effectively be ignored. With a few exceptions, they don’t...

Australia To Probe Facebook, Google Over Media Disruption

4Dec By reutersNo Comments

News

Australia To Probe Facebook, Google Over Media Disruption

Australia’s competition regulator said on Monday it would investigate whether U.S. online giants Facebook and Alphabet Inc’s Google has disrupted the news media market to the detriment of publishers and consumers. Like their rivals globally, Australia’s traditional media companies have been squeezed by online rivals, as advertising dollars have followed eyeballs to digital distributors such as Google, Facebook and Netflix Inc. The government ordered the probe as part of wider media reforms, amid growing concern for the future of journalism and the quality of news following years of declining profits and newsroom job cuts and the rise of fake news. “We will examine whether platforms are exercising market power in commercial dealings to the detriment of consumers, media content creators...

No Impact of Brexit on Mahindra Group: V S Parthasarathy, Mahindra Group CFO

24Jun By sharadNo Comments

Entrepreneurs Talk

No Impact of Brexit on Mahindra Group: V S Parthasarathy, Mahindra Group CFO

Britain's exit from the European Union will have a muted impact on the over USD 17 billion Mahindra Group, but the event highlights the importance of sound risk management for the corporate world, the Group said today. The farm equipment to aerospace group, which has presence in the UK mostly in the IT and auto sectors, however said Brexit will result in uncertainty in the immediate aftermath which will moderate over time. "The impact on India and Indian industries will not be significant. No impact on M&M Ltd, the impact on Mahindra Group will be muted. As a group, our resilience will stand us in good stead and we are poised to take advantage of any opportunities that may emerge," Mahindra Group CFO, V S Parthasarathy said in a statement. He further said: "Brexit, was not a black...