Page 41 - Acb News Today

Former Facebook employee and whistleblower Frances Haugen will urge the U.S. Congress on Tuesday to regulate the social media giant, which she plans to liken to tobacco companies that for decades denied that smoking damaged health, according to prepared testimony seen by Reuters.

U.S. tech giants such as Apple , Google, Facebook and Amazon should be regulated by the EU country where they are based under proposed EU rules, a top lawmaker said on Tuesday, knocking back efforts by some countries to broaden the planned act's scope.

Switzerland's Federal Administrative Court has rejected Swisscom's appeal over the standards it has to use in expanding fibre-optic networks to consumers, the court said on Tuesday.

A group of 13 high-profile organisations has urged government cooperation in a probe into alleged misuse of pandemic funds in the Philippines, challenging President Rodrigo Duterte's order to ministers not to answer summons for a Senate investigation.

The U.S. Department of Justice is investigating suspected manipulation of energy pricing benchmarks published by S&P Global Platts, expanding the agency's crackdown on misconduct in the global commodities market, according to four people familiar with the matter.

Facebook Inc asked a judge on Monday to dismiss the U.S. government's revised antitrust case that seeks to force the social media giant to sell Instagram and WhatsApp.

Switzerland's economic affairs secretariat (SECO) has filed a criminal complaint in relation to collapsed financier Greensill Capital for alleged violations of the law against unfair competition, it told Reuters on Sunday.

Billions of people use Google because it's the best, not because of deals the company made to stay competitive, Google's lawyer said on Friday, wrapping up a week of testimony as the U.S. tech giant fights a record $5 billion antitrust fine.

The U.S. Justice Department's acting head of its Antitrust Division said on Friday that labor markets were a top priority for enforcement efforts, indicating a shift toward issues set by the White House's executive order on competition.

Spain's competition watchdog has fined eight companies including Siemens , Nokia and ACS a combined 127.3 million euros ($148 million) for allegedly rigging public contracts relating to rail-signalling systems.