Social media app TikTok is launching a content moderation center in a bid to boost transparency, the Chinese company said on Wednesday, as it faces scrutiny from U.S. lawmakers who have accused it of sharing user data with the Chinese government. The ‘Transparency Center’ is to be opened at TikTok’s Los Angeles office where external… Read More TikTok launches moderation center to boost transparency following privacy concerns in U.S.
AT&T Inc’s advertising unit Xandr said Wednesday it is partnering with Walt Disney Co, AMC Networks and sister company WarnerMedia to make it easier for advertisers to buy TV commercials across the networks. Since forming Xandr in 2018, phone carrier AT&T has sought to allow advertisers to target certain audiences using AT&T data, which it… Read More AT&T’s Xandr partners with Disney to launch TV ad buying tool
PepsiCo Inc said on Wednesday it would buy Rockstar Energy Beverages for $3.85 billion, in the soda giant’s biggest push into the energy drinks market, where larger rival Coca-Cola Co has been rapidly expanding. PepsiCo has a smaller presence in the energy space with its Mountain Dew Kickstart and Mountain Dew Game Fuel brands. The… Read More Pepsi set to acquire energy drink company Rockstar in $3.85billion deal
Saudi Arabia will raise its crude supply to a record high in April, the kingdom announced on Tuesday, as it ratcheted up a standoff with Moscow over market share and appeared to reject Russian overtures for new talks. The clash of oil titans Saudi Arabia and Russia sparked a 25% slump in crude prices on… Read More Saudi Arabia to increase crude supply in oil standoff with Russia
Oil prices plummeted around 30% on Monday after Saudi Arabia slashed its official selling prices and set plans for a dramatic increase in crude production next month, starting a price war even as spread of the coronavirus erodes global demand growth. Prices fell by as much as a third following Saudi Arabia’s move after Russia… Read More Oil prices fall as Saudi Arabia slashes official selling price
France’s top court has recognized the right of an Uber driver to be considered an employee, a ruling that could upend the U.S. firm’s business model and potentially require it to pay more taxes and benefits such as paid holidays. The decision by the Cour de Cassation could also have ramifications for France’s wider “gig… Read More France top court rules in favour of Uber drivers ’employee’ status
Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide. The largest U.S. oil company laid out the guidelines it follows – some of which have been rolled back by the Trump administration – at a time… Read More Exxon Mobil calls for tighter methane regulations, offers own rules as model
Apple Inc has agreed to pay up to $500 million to settle litigation accusing it of quietly slowing down older iPhones as it launched new models, to induce owners to buy replacement phones or batteries. The preliminary proposed class-action settlement was disclosed on Friday night and requires approval by U.S. District Judge Edward Davila in… Read More Apple to pay $500million settlement in U.S. lawsuit over slow iPhones