The Department of Energy (DOE) appears to be on a loan-approval spree in the lead-up to President-Elect Donald Trump’s inauguration, and the winners are all companies manufacturing clean energy solutions on U.S. soil. Trump has promised to cancel any unspent federal dollars under President Joe Biden’s Inflation Reduction Act, a bipartisan climate law that allocated […]
The U.S. Federal Trade Commission (FTC) has ordered Goat, an online marketplace for sneakers and apparel, to pay more than $2 million to consumers over illegal shipping practices. The FTC also alleges that Goat fails to honor its “Buyer Protection” policies. In a complaint, the agency outlined that Goat has failed to ship many orders
FTC fines online retailer Goat $2M over deceptive ‘Instant’ and ‘Next Day’ orders Read More »
Elon Musk, the CEO of Tesla, SpaceX, and X (formerly known as Twitter) may detest the current Kier Starmer government due to clashes on topics like free speech and immigration, but Musk is playing the long game. He’s getting cosy with major figures on both sides of the aisle, advancing his particular beliefs on AI
Musk busts through the UK political china shop Read More »
When the Paris Court of Appeal recently blocked four porn sites in France for not having a proper age verification system, the two online child protection nonprofits that had pushed for the blocks probably thought they’d scored a big victory. But, in one case, it turned out to be a bit of a self-own. As
French court blocks popular porn site… subdomain Read More »
Amazon can finally close the book on a long-running state aid saga in the European Union. The Commission confirmed Thursday it’s shuttered an investigation into whether Luxembourg, the Member State where Amazon has its EU HQ, had granted it “selective tax advantages.” The upshot is Amazon has no unpaid taxes to pay. The case dates
EU ends Amazon state aid case with no back taxes in its basket Read More »
The FTC has launched an antitrust investigation into Microsoft, according to multiple reports that corroborate earlier reporting by the Financial Times. The agency is said to be looking into whether Microsoft violated antitrust law in multiple segments of its business, including its public cloud, AI, and cybersecurity product lines. Of particular interest to the FTC
FTC reportedly opens antitrust investigation into Microsoft Read More »
With Elon Musk playing such a high-profile role in Donald Trump’s transition team, Musk’s buddies, many of them Silicon Valley venture capitalists, are reportedly being tapped to help out. For instance, VC firm Andreessen Horowitz, and in particular co-founder Marc Andreessen, is repeatedly being mentioned. He, along with Antonio Gracias and Joe Lonsdale, are reportedly
Europe must get much better at scaling startups. That’s the prognosis of the European Union’s president, Ursula von der Leyen, who’s on the cusp of taking up her second five-year term steering the bloc of some 449 million people — with a December 1 start date now locked in. Giving a speech to the European
Scaling startups is top priority as EU reboots its top team Read More »
The European Union’s outgoing competition chief, Margrethe Vestager, made a name for herself with headline-grabbing enforcements against Big Tech. But in a New York Times exit interview, as she approaches the end of her term, she sounds regretful at not having gone faster and harder against the likes of Apple and Google. She summarized her
EU’s outgoing antitrust chief regrets not moving faster & breaking Big Tech’s grip Read More »
Brazil’s antitrust regulator Cade has ruled that Apple must lift restrictions on in-app purchases within 20 days, Reuters reports. Otherwise, if the iPhone maker doesn’t comply, it faces fines of $43,000 per day. This decision is the result of a complaint filed by e-commerce merchant Mercado Libre in 2022. If you’ve been following recent changes
Apple ordered to open up in-app purchases in Brazil Read More »
