Legal & Regulatory

European Authorities Are Evaluating Encryption Issues Following Brussels Attack

In the wake of Brussels attack, more European countries are considering making new policies that would legally require tech companies to hand over encrypted information when needed. That will affect tech companies around the world as Apple is pushing forward to fight back in the U.S. as well as in Europe.

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Hawaii Ivory Trade Will Soon Be Banned

Hawaii lawmakers are seeking to pass the bill on ivory trade ban. Thousands of African elephants and rhinoceros are being slaughtered because of their tusks and horns. Smugglers see Hawaii as their gateway to Asia to market illegal ivory and if left unregulated, the state would become the largest illegal ivory market.

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Volkswagen and Porsche Call Back 800,000 SUVs Over Potential Pedal Problem

Volkswagen and Porsche identified a potential problem in their Cayenne and Touareg model from 2011 to 2016 and are calling back 800,000 SUVs to undergo a service to address the issue. The companies said this is a precautionary move, as a U.S. judge demanded that the companies come up with a plan immediately.

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Google Fined by France Authority Over Privacy Issues Regarding the “Right to be Forgotten"

France’s data protection authority CNIL fined U.S. tech giant Google for failing to comply with the European top court’s ruling for the “right to be forgotten”. Google has implemented the ruling in Europe, however, the authority demanded that the ruling applied worldwide.

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Colorado's Crumbling Coal Mine Industry Urge Residents to Reconsider Marijuana Business

Coal mines in Colorado are shutting down one by one. Most of the folks no longer have jobs and are now looking at the marijuana economic growth that could provide them income. Officials however, are worried about the peacefulness of the place and how the chaos if ever, could be handled by such few authorities.

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Canada’s Liberal Budget Provides More Financial Aids to Students, Making Post-Secondary Education More Attainable

Canadian students can now receive more grants as the government’s first budget revealed more financial aids for post-secondary students. In addition, graduates will not be demanded to pay students loan back until they make $25,000 a year.

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State Media Indicated That Chinese Government is Turning Against Alibaba

State-run media broadcasts indicated that the Chinese government is turning against the country’s most successful e-commerce company Alibaba. However, the company didn’t seem to take much damage from the reports in terms of sales and shares.

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US Government Granted ZTE Temporary Relieve on Export Restriction

United States gave a three-month reprieve for ZTE on export curbs imposed earlier this month. U.S. Commerce Department announced the decision on Tuesday.

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FanDuel and Draft Kings Will Stop Operations in New York

Fantasy sport games FanDuel and Draft Kings will stop their paid contests in New York. The companies will wait for regulation to legalize their operation.

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Ride-Hailing Service Grab Teams Up With Indonesian Conglomerate Lippo Group

Ride-hailing app Grab is partnering with Indonesian conglomerate Lippo Group. Under the deal, Grab will provide its service to deliver products from the conglomerate’s e-commerce. The deal emerged when ride-hailing services in Indonesia are facing challenges in terms of regulations.

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Bank of Egypt Mulling For Tougher Foreign Exchange Regulations Cracking Down The Black Market

A black market for dollars has absorbed liquidity from the Egyptian banking system over stressing country’s foreign reserves. Egyptian pound has been weekend ignoring several steps adopted by CBE. Finally, it has started mulling to enact tougher regulations on regulating the foreign exchange market.

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Amazon is Pushing The U.S. Government to Authorize Its Efforts on Establishing a Delivery Business

Amazon is pushing the U.S. officials to authorize their moves in efforts to be a new player in the logistics and delivery industry. In recent months, the company has been making moves to achieve the ambition, including building its drones fleet and leasing Boeing planes.

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Bernie Sanders, Elizabeth Warren seek hedge fund regulation

Recently unveiled new Brokaw Act is a Congressional effort to regulate activist funds. The new act aims at regulating activist funds. Democratic Presidential candidate Bernie Sanders and Massachusetts senator Elizabeth Warren have co-sponsored the Brokaw Act.

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Tech Company 373K Decides to Move From Georgia Due to "Anti-Gay" Bill

Tech company 373K decided to move from Georgia due to religious freedom bill that would allow anti-gay discrimination. After reaching the decision to move through voting, the company is now in the process in moving to Delaware.

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US Automakers, NHTSA To Announce Automatic Emergency Braking Systems As Standard Equipments

Automatic emergency braking systems have proved their efficiency in preventing car accidents. The systems may reduce the number of rear-end collisions by up to 40%. Considering the efficacy level, almost all US automakers and NHTSA have reached an agreement to make the system a standard equipment on most cars by 2022.

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