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Universal-TikTok feud ramps up as more songs come down
Universal Music Group has lambasted TikTok's approach to AI as the feud between the two companies over song royalties escalates and popular music is expunged from the social media platform. Owned by Chinese company ByteDance, TikTok is one of the most popular social media platforms globally, with more than one billion users.
Eurozone inflation dips further in February
Eurozone inflation continued to ease in February, data showed Friday, but economists warned it was unlikely to push the European Central Bank to cut interest rates next month.
EU queries Meta about ad-free subscriptions, 'shadow-banning'
The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as well as claims some voices are suppressed online in a phenomenon known as "shadow banning". Brussels also demanded Meta "provide information related to the practice of so-called shadow banning and the launch of Threads", a spin-off of the Instagram photo app.
Crime groups shifting to fraud schemes in EU: bloc's prosecutor
Organised criminal groups are switching from riskier drug rackets to fraud in the EU and many don't hesitate to use violence to protect their activities, the bloc's chief prosecutor told AFP in an interview. "Behind this fraud in general there are a few organised crime groups that operate everywhere in Europe.
'Difficult discussions' as WTO talks extended for third time
The world's trade ministers entered a last stretch of talks on Friday following overnight negotiations as a major World Trade Organization conference postponed its closing session for a third time. "In order to give more time for negotiations, the formal closing Session of MC13 has now been postponed."
Swiss central bank head steps down in surprise move
The head of Switzerland's central bank, Thomas Jordan, will step down in September after 12 years in charge, the bank said in a surprise statement Friday. "The Bank Council and the Governing Board greatly regret Thomas Jordan’s decision, and express their sincere thanks for his many years of outstanding commitment in the interests of a stability-oriented monetary policy," it said.
Facebook parent Meta to stop paying Australian news media
Facebook parent Meta announced Friday it would no longer pay Australian media companies for news, prompting a government warning that the firm was in "dereliction" of past promises. Three years ago, Meta's promise to pay news outlets prompted the Australian government to water down legislation governing online platforms and their relationships with the news media.
Hackers stole 'sensitive' data from Taiwan telecom giant: ministry
Hackers stole "sensitive information" including military and government documents from Taiwan's largest telecom company and sold it on the dark web, the island's ministry of national defence has said.
Asian markets mostly up after US gains
Asian markets were largely higher on Friday following Wall Street gains driven by tech rallies and key US inflation data that met investors' expectations. On Wall Street, the tech-linked Nasdaq set a new record, surpassing a 2021 high.
AFP
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