China Says PVH Engaged in “Improper” Conduct Related to Xinjiang The recent announcement by China’s commerce ministry regarding PVH, the parent company of renowned fashion brands Calvin Klein and Tommy Hilfiger, has sent shockwaves through the global business community. The ministry has stated its intention to summon PVH in the near future, citing “improper” conduct […]
Taiwan welcomes exclusion from US AI restrictions
Taiwan Celebrates Exemption from US AI Chip Restrictions: A Testament to Robust Oversight and Compliance In the ever-evolving landscape of technology and innovation, the race for dominance in artificial intelligence (AI) has become increasingly fierce. Recently, Taiwan made headlines as it was granted an exemption from the US AI chip restrictions, a decision that has […]
Russia slaps Google with $78 million fine
Russia Slaps Google with $78 Million Fine Google, a tech giant known for its ubiquitous presence in the digital world, has recently found itself in hot water with Russian authorities. The company has been handed a hefty $78 million fine for its failure to comply with previous penalties imposed by the Russian government. This latest […]
Vietnam Suspends Temu Operations for Missing Deadline to Register
In a significant turn of events, Vietnam’s trade ministry announced the suspension of operations for the Chinese online retailer Temu. The decision follows Temu’s failure to meet the business registration deadline set at the end of November. This move reflects growing apprehensions among local businesses and regulatory authorities regarding the consequences of aggressive pricing strategies […]
Dell and Iron Bow Settle Overcharging Claims: A $4 Million Lesson in Accountability
In a significant move to uphold integrity in federal contracts, Dell Technologies and Iron Bow Technologies have each agreed to pay millions in a settlement concerning allegations of overcharging the U.S. Army under a computing contract. The settlements reflect a commendable effort by the U.S. Department of Justice (DOJ) to enforce accountability within government procurement […]
Booking.com Commits to EU Compliance as DMA Rules Take Effect
Booking.com, a leader in the travel reservation sector, is adjusting its practices to align with stringent regulations set by the European Commission under the Digital Markets Act (DMA). As a company designated as a “gatekeeper,” Booking.com faces new obligations that aim to ensure fair competition and consumer protection in the digital marketplace. This move reflects […]
Ireland's Urgent Move: Drafting Crypto Regulations Ahead of EU Laws
Ireland is responding swiftly to new European Union standards targeting cryptocurrency regulations, aimed primarily at preventing money laundering and terrorist financing. With the EU’s enhanced rules set to take effect on December 30, the Irish government, led by Finance Minister Jack Chambers, is poised to update the nation’s existing crypto legislation urgently. This proactive approach […]
Big Tech’s AI Models Fall Short of New EU AI Act’s Standards
A striking assessment of several leading AI models has unveiled noticeable compliance issues with the European Union’s forthcoming regulations, particularly concerning cybersecurity resilience and non-discriminatory outputs. Conducted by Swiss startup LatticeFlow in conjunction with EU officials, this study scrutinized generative AI models from major tech giants such as Meta, OpenAI, and Alibaba. The results highlight […]