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X halts using personal data of Europeans to train AI
Social platform X said Friday it would work European regulators after agreeing to suspended its heavily criticised use of European users' personal data to train its artificial intelligence chatbot Grok. That came after Ireland's Data Protection Commission said Thursday the social platform had agreed to suspend use of personal data contained in the public posts of X's users in Europe to train Grok.
China launches appeal at WTO over EU electric vehicle tariffs
Beijing said Friday it had filed an appeal with the World Trade Organization over the European Union's imposition of additional tariffs on imports of electric vehicles from China. "On August 9, China appealed to the World Trade Organization's dispute settlement mechanism over the EU's temporary anti-subsidy measures on EVs," a spokesperson for the country's commerce ministry said in a statement.
E-commerce tycoon Huang tops China's rich list
E-commerce tycoon Colin Huang has become China's richest man, an index showed Friday, capping an ascent for the former Google employee whose shopping site Temu has sucked in consumers with its low prices and all-powerful algorithms. In 2015 he founded online shopping site Pinduoduo, which blossomed into one of China's most successful e-commerce empires -- rivalling Jack Ma's Alibaba.
Asian stocks track Wall St rally as US jobs data ease recession fears
Asian stocks rallied Friday as investors breathed a sigh of relief after US jobs data soothed concerns that the world's top economy could tip into recession, bringing a painful week to a positive end. "The path of policy will be determined by the data and the strength of the economy."
Venezuela opposition, US, allies heap pressure on Maduro
Venezuela's opposition on Thursday warned of a potential mass exodus of migrants if President Nicolas Maduro remains in power following his contested reelection, with the US calling on the strongman not to arrest protest leaders.
Trump says US president should have say over monetary policy
Donald Trump on Thursday voiced frustration at the independence of the Federal Reserve and suggested that the US president should have "at least a say" over the course of monetary policy. "I feel the president should have at least a say" about monetary policy, he said, adding he had "fought him very hard" on some occasions -- an apparent reference to Powell.
Musk's misleading election posts viewed 1.2 billion times: study
False or misleading US election claims posted on X by Elon Musk have amassed nearly 1.2 billion views this year, a watchdog reported Thursday, highlighting the billionaire's potential influence on the highly polarized White House race. Musk, who purchased the platform in 2022 for $44 billion, is facing growing scrutiny over his potential influence on voters.
US orders FTX, Alameda to pay $12.7 bn to victims
Failed cryptocurrency platform FTX Trading and affiliate Alameda Research must pay $12.7 billion to compensate customers and fraud victims under a consent order, US regulators announced Thursday.
Apple makes changes to App Store after EU warning
Apple on Thursday announced changes to its App Store after the European Union accused the iPhone maker of breaking the bloc's landmark new digital rules. The EU said the App Store terms prevented app developers from freely steering consumers to alternative ways to pay, making Apple the first ever tech firm to face accusations of breaching a new law known as the Digital Markets Act (DMA).
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