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US Senators Seek Details on Meta's Stablecoin Plans as GENIUS Act Stands Close to Approval
US senators Elizabeth Warren and Richard Blumenthal have asked Meta CEO Mark Zuckerberg to clarify whether the company intends to launch its stablecoin. The letter to Meta, dated June 11, follows a recent Fortune report that claimed the company is exploring stablecoins to facilitate cost-effective cross-border payouts.
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Meta CEO Mark Zuckerberg Lobbies Donald Trump to Avoid Antitrust Trial: Report
Meta and its representatives met with President Trump and his senior advisers ahead of an April 14 Federal Trade Commission trial that could force the company to unwind its acquisitions of messaging platform WhatsApp and image-sharing app Instagram.
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Karnataka Plans Tax Waivers for Hybrid Cars, Incentives for EVs
Karnataka plans to cut levies and offer financial incentives to companies in the clean mobility sector, including a steep tax cut for hybrid cars. The move could make the state, home to the tech hub of Bengaluru, the second after northern Uttar Pradesh to provide tax breaks to hybrid cars, for which Toyota has lobbied New Delhi.
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Apple, Google, Amazon Lobby Group Opposes India's EU-Like Antitrust Proposal
A US lobby group representing tech giants Google, Amazon and Apple has asked India to rethink its proposed EU-like competition law, arguing regulations against data use and preferential treatment of partners could raise user costs, a letter shows.
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Government to Allot Satellite Internet Spectrum Without Auction in Win for Elon Musk’s Starlink
India has proposed a licensing approach to assigning spectrum for satellite internet services and exempt companies from having to bid for it, a win for Elon Musk's venture Starlink which has lobbied hard against any auctions.
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In India's Telecommunications Draft Bill, A Win For Elon Musk's Starlink
India has proposed a licensing approach to assigning spectrum for satellite internet services and exempt companies from having to bid for it, a win for Elon Musk's venture Starlink which has lobbied hard against any auctions.
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EU Announces New Data Transfer Pact With US, Faces Fresh Challenges
The European Commission announced a new data transfer pact with the United States on Monday, seeking to end the legal uncertainty plaguing thousands of companies which transfer personal data across the Atlantic. However, the move was immediately criticised by non-profit group noyb, led by privacy activist Max Schrems, which said it would challenge ...
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Meta Says Subsidies From Big Tech Should Be Last Option for EU Telcos
Meta Platforms said on Thursday subsidies from Big Tech should be the last option for European Union telecoms operators trying to get US companies to foot some of their network cost. Deutsche Telekom, Orange, Telefonica and other operators have lobbied for two decades for US tech giants to contribute to 5G and broadband roll-out, saying they create...
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Meta Says Extra Network Fees Will Not Solve EU Telecoms' Financial Problems
Meta Platforms on Thursday voiced its strongest criticism to date of a push by EU telecoms operators to get Big Tech to foot additional network costs, saying this would not solve their financial problems and also ignores tech companies' hefty investments. Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have lobbied for two ...
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Apple, Foxconn Efforts Lead to Labour Reforms Ahead of Plans to Ramp Up Production in India: Report
Apple and Foxconn, a major supplier for the Cupertino company, successfully lobbied for liberalisation of labour laws in Karnataka earlier in March, according to a report. Lobbying by Apple and Foxconn led to laws that allow 12-hour shifts and night-time work for women in the state.
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Uber Whistleblower Says Business Model 'Absolutely Unsustainable' After Firm Attempts to Improve Work Culture
Mark MacGann, the 'Uber Files' whistleblower who disclosed that Uber had broken laws and secretly lobbied politicians as part of an aggressive drive to expand into new markets from 2013 to 2017, on Wednesday said that the ride-hailing firm was working towards improving its work culture. However, MacGann said that Uber's current business model was s...
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Tesla Discloses Lobbying Effort to Set Up Advanced-Manufacturing Unit in Canada
Tesla is lobbying the government in Canada as an effort to set up an advanced-manufacturing unit in the country, a filing to the Office of the Integrity Commissioner showed. Last month, Elon Musk hinted that the company "might be able" to announce a new factory later this year and it could ultimately have 10-12 gigafactories.
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Mark MacGann Emerges as Uber Whistleblower Who Leaked Company's Documents
Lobbyist Mark MacGann has come out as the Uber whistleblower who leaked documents on US ride-hailing firm to British newspaper The Guardian. MacGann led Uber's lobbying efforts in Europe, Africa and the Middle East between 2014 and 2016. Meanwhile, Uber added that MacGann only blew the whistle after he received EUR 585,000 (roughly Rs. 4 crore) fol...
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Tesla India Executive Reportedly Resigned Weeks After Company Puts EV Plans in the Country on Hold
Tesla India executive Manuj Khurana said to have served his resignation weeks after the company announced to keep the plan to sell EVs in the country on hold. Elon Musk has clarified that Tesla will not set up manufacturing in any location where it was not allowed first to sell and service cars. Meanwhile, PM Narendra Modi has insisted Tesla to com...
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Facebook, Twitter, Google, Other Tech Firms Ask US Supreme Court to Block Texas Social Media Law
Lobbying groups representing Facebook, Twitter, Google and other tech companies filed an emergency request with the US Supreme Court, seeking to block a Texas law that prohibits large social media platforms from banning users based on their political views.
-
US Senators Seek Details on Meta's Stablecoin Plans as GENIUS Act Stands Close to Approval
US senators Elizabeth Warren and Richard Blumenthal have asked Meta CEO Mark Zuckerberg to clarify whether the company intends to launch its stablecoin. The letter to Meta, dated June 11, follows a recent Fortune report that claimed the company is exploring stablecoins to facilitate cost-effective cross-border payouts.
-
Meta CEO Mark Zuckerberg Lobbies Donald Trump to Avoid Antitrust Trial: Report
Meta and its representatives met with President Trump and his senior advisers ahead of an April 14 Federal Trade Commission trial that could force the company to unwind its acquisitions of messaging platform WhatsApp and image-sharing app Instagram.
-
Karnataka Plans Tax Waivers for Hybrid Cars, Incentives for EVs
Karnataka plans to cut levies and offer financial incentives to companies in the clean mobility sector, including a steep tax cut for hybrid cars. The move could make the state, home to the tech hub of Bengaluru, the second after northern Uttar Pradesh to provide tax breaks to hybrid cars, for which Toyota has lobbied New Delhi.
-
Apple, Google, Amazon Lobby Group Opposes India's EU-Like Antitrust Proposal
A US lobby group representing tech giants Google, Amazon and Apple has asked India to rethink its proposed EU-like competition law, arguing regulations against data use and preferential treatment of partners could raise user costs, a letter shows.
-
Government to Allot Satellite Internet Spectrum Without Auction in Win for Elon Musk’s Starlink
India has proposed a licensing approach to assigning spectrum for satellite internet services and exempt companies from having to bid for it, a win for Elon Musk's venture Starlink which has lobbied hard against any auctions.
-
In India's Telecommunications Draft Bill, A Win For Elon Musk's Starlink
India has proposed a licensing approach to assigning spectrum for satellite internet services and exempt companies from having to bid for it, a win for Elon Musk's venture Starlink which has lobbied hard against any auctions.
-
EU Announces New Data Transfer Pact With US, Faces Fresh Challenges
The European Commission announced a new data transfer pact with the United States on Monday, seeking to end the legal uncertainty plaguing thousands of companies which transfer personal data across the Atlantic. However, the move was immediately criticised by non-profit group noyb, led by privacy activist Max Schrems, which said it would challenge ...
-
Meta Says Subsidies From Big Tech Should Be Last Option for EU Telcos
Meta Platforms said on Thursday subsidies from Big Tech should be the last option for European Union telecoms operators trying to get US companies to foot some of their network cost. Deutsche Telekom, Orange, Telefonica and other operators have lobbied for two decades for US tech giants to contribute to 5G and broadband roll-out, saying they create...
-
Meta Says Extra Network Fees Will Not Solve EU Telecoms' Financial Problems
Meta Platforms on Thursday voiced its strongest criticism to date of a push by EU telecoms operators to get Big Tech to foot additional network costs, saying this would not solve their financial problems and also ignores tech companies' hefty investments. Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have lobbied for two ...
-
Apple, Foxconn Efforts Lead to Labour Reforms Ahead of Plans to Ramp Up Production in India: Report
Apple and Foxconn, a major supplier for the Cupertino company, successfully lobbied for liberalisation of labour laws in Karnataka earlier in March, according to a report. Lobbying by Apple and Foxconn led to laws that allow 12-hour shifts and night-time work for women in the state.
-
Uber Whistleblower Says Business Model 'Absolutely Unsustainable' After Firm Attempts to Improve Work Culture
Mark MacGann, the 'Uber Files' whistleblower who disclosed that Uber had broken laws and secretly lobbied politicians as part of an aggressive drive to expand into new markets from 2013 to 2017, on Wednesday said that the ride-hailing firm was working towards improving its work culture. However, MacGann said that Uber's current business model was s...
-
Tesla Discloses Lobbying Effort to Set Up Advanced-Manufacturing Unit in Canada
Tesla is lobbying the government in Canada as an effort to set up an advanced-manufacturing unit in the country, a filing to the Office of the Integrity Commissioner showed. Last month, Elon Musk hinted that the company "might be able" to announce a new factory later this year and it could ultimately have 10-12 gigafactories.
-
Mark MacGann Emerges as Uber Whistleblower Who Leaked Company's Documents
Lobbyist Mark MacGann has come out as the Uber whistleblower who leaked documents on US ride-hailing firm to British newspaper The Guardian. MacGann led Uber's lobbying efforts in Europe, Africa and the Middle East between 2014 and 2016. Meanwhile, Uber added that MacGann only blew the whistle after he received EUR 585,000 (roughly Rs. 4 crore) fol...
-
Tesla India Executive Reportedly Resigned Weeks After Company Puts EV Plans in the Country on Hold
Tesla India executive Manuj Khurana said to have served his resignation weeks after the company announced to keep the plan to sell EVs in the country on hold. Elon Musk has clarified that Tesla will not set up manufacturing in any location where it was not allowed first to sell and service cars. Meanwhile, PM Narendra Modi has insisted Tesla to com...
-
Facebook, Twitter, Google, Other Tech Firms Ask US Supreme Court to Block Texas Social Media Law
Lobbying groups representing Facebook, Twitter, Google and other tech companies filed an emergency request with the US Supreme Court, seeking to block a Texas law that prohibits large social media platforms from banning users based on their political views.
