The Democrat majority on the US House Financial Services Committee is proposing a bill that that would prevent big technology firms from operating as financial units or issuing digital currencies, a move that seems to be aimed at Facebook after the social media behemoth announced last month that it would be launching its own cryptocurrency in 2020.
Chinese telecommunications equipment vendor Huawei Technologies is reportedly planning to lay off a large number of staff from its operations in the US due to its being placed on Washington;'s Entity List which prevents it from using American components unless specific permission is granted.
Despite US threats of an inquiry into its actions, France has passed a law to impose a 3% digital services tax on multinational technology companies like Google and Facebook.
Tech giant IBM has said it favours changes to section 230 of the Communications Decency Act to make Internet companies accountable for content that their users post on their platforms.
The US Department of Commerce says it will issue licences to Chinese telecommunications equipment vendor Huawei Technologies for buying American products "where there is no threat to US national security".
Google has been issued a summons to appear before the NSW Supreme Court on 12 July after it was hit with a contempt charge for not heeding a court order on 5 July to remove reviews about a Sydney businessman that were said to be offensive.
Three young Indians have been responsible for their country joining the ranks of nations that are investigating Google for alleged abuse of its Android platform.
New Zealand’s competition regulator, The Commerce Commission, is taking online money lender NZ Fintech — trading as Moola — to court alleging the company breached the lender responsibility principles in the Credit Contracts and Consumer Finance Act.
Former US defence secretary Jim Mattis met Amazon chief Jeff Bezos in August 2017 emails obtained by The Wall Street Journal show, raising questions over the company's bid for a massive Defence contract worth US$10 billion.
The Department of Home Affairs says it is creating documentation to clarify the intended operation of the encryption law which was passed in December 2018, claiming that companies are concerned about it because they do not have a clear idea of their obligations under the law.
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