LinkedIn, the professional networking site owned by Microsoft, has been slapped with a hefty fine of $335 million by Ireland’s Data Protection Commission (DPC). The fine is due to the company's mishandling of user data for targeted advertising, which breached the European Union’s General Data Protec
China recently announced that its economy grew by 4. 6% in the third quarter compared to the same period last year. This growth slightly surpassed the expectations of economists, who had predicted a 4. 5% increase. Although this growth rate is a bit slower than the 4. 7% growth seen in the second qu
China's economy grew by just 4. 6% in the third quarter, the second quarter in a row to miss the government's target of 5% growth for 2024. Weak consumer spending, a struggling property market, and slower industrial output are to blame. Retail sales grew by 3. 3%, down from 3. 7%, and industrial pro
China's economy grew by 4. 6% in the third quarter, the slowest pace in six quarters. This news came with a surprise: the country's central bank announced two new programs to boost the stock market. These programs could inject around $112. 6 billion into the market. This happened even as China's sta
China's Finance Minister Lan Fo'an hinted at increasing the deficit during a recent press briefing, suggesting greater fiscal flexibility. He stressed that the opportunity to do so is "quite substantial," but further discussions are ongoing. Economists have been calling for more financial backing fr
The EU's GDPR has been a game-changer in data privacy, but it hasn't been perfect. Some argue it's too new to judge, while others suspect it's backed by big tech. Let's explore its flaws and how the US can create a better law. The GDPR isn't just red tape; it's serious business. Look at the fines:
The European Union Court of Justice (CJEU) has ruled that Meta, formerly known as Facebook, cannot use all personal data obtained from users for targeted advertising without restrictions. This decision follows a long-standing challenge dating back to 2014 and reflects the EU's principle of 'data min
Indonesia has been on a rollercoaster ride of economic growth, with a yearly GDP increase of 5%. This achievement is not enough, according to Finance Minister Sri Mulyani Indrawati, to help the country become a high-income nation. The government aims to achieve this goal by 2045, as part of its "Gol
As the UK's monthly GDP remains stagnant at 0%, it's clear that the country's economy is stuck in neutral. But what's behind this lack of growth? Is it a temporary blip or a sign of deeper issues? Let's take a closer look. At first glance, the numbers seem straightforward: industrial production decr
As B.C. Finance Minister Katrine Conroy touts the province's economic resilience, doubts are being raised by watchdogs and business leaders alike. The good news? The province is attracting private investment and listening to business concerns. The deficit is ballooning, debt-to-GDP ratios are rising
