Google hit with 150 million euro French fine for cookie breaches Business 

Google hit with 150 million euro French fine for cookie breaches

France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google a record 150 million euros ($169 million) for making it difficult for internet users to refuse online trackers known as cookies. Meta Platforms’ Facebook was also fined 60 million euros for the same reason, the CNIL said. “The CNIL has found that the facebook.com, google.fr and youtube.com websites do not allow to refuse cookies as easily as it is to accept them”, the watchdog said in a statement, also citing Google’s video-streaming platform. The authority said the two companies had three months to…

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IMF delays release of new forecast to January 25 to factor in COVID-19 developments Economic News 

IMF delays release of new forecast to January 25 to factor in COVID-19 developments

The International Monetary Fund has delayed the release of its World Economic Outlook by one week to January 25 to factor in the latest COVID-19 developments, a spokesperson for the global lend. The World Economic Outlook update will be launched on January 25 to allow our teams to incorporate the latest developments related to the COVID-19 pandemic into the economic forecasts,” the spokesperson said. IMF spokesperson Gerry Rice had told reporters last month the update to the fund’s forecast would come on January 19.

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Apple puts India iPhone maker Foxconn on probation for labour violations Business 

Apple puts India iPhone maker Foxconn on probation for labour violations

Apple Inc. put Foxconn Technology Group’s factory in southern India on probation following worker protests and an investigation that revealed substandard living conditions. Foxconn, which uses the facility to assemble iPhones among other gadgets, apologized for the lapses in health standards and pledged to revamp its management and operations in the country. The factory, located in Sriperumbudur on the outskirts of Chennai, was shut down after the protests and will resume operations once “necessary improvements” are made. Apple’s key assembly partner has grappled with labor issues in the past, particularly in China, where…

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Market 

Sebi orders nearly Rs 40-crore recovery from two dozen defaulters

By Administrator_India Capital Sands The SEBI has ordered attachment of bank and demat accounts of two dozen defaulters in the matters of three companies — Mass Infra Realty, Skymarg Agro Industries India, and Life Care Real Developers — to recover dues totalling nearly Rs 40 crore. The defaulters are 11 directors of Mass Infra Realty, five directors of Skymarg Agro, Life Care and its seven directors, the regulator said in three separate notices. The decision has been taken after Mass Infra Realty and Skymarg Agro failed to comply with Sebi’s direction to refund…

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