In a pivotal move to address the escalating crisis of online drug sales and the severe fentanyl epidemic affecting the United States, the Trump administration has engaged major technology companies in a dialogue focused on regulatory strategies. This initiative seeks not only to safeguard public health but also to utilize the technological expertise of these […]
Banks Hope Musk’s Political Rise Will Ease X Debt Burden
As Elon Musk’s influence expands within U.S. politics, Wall Street banks are expressing optimism about a potential resolution to the $13 billion debt linked to his acquisition of X, formerly known as Twitter. Financial institutions, including Morgan Stanley and Bank of America, are closely watching Musk’s relationship with President-elect Donald Trump, believing that this alignment […]
US Pressures Italy to End Web Tax on Tech Giants
In recent developments, the United States has intensified its efforts to persuade Italy to abolish its web tax, a move that could lead to significant diplomatic and economic repercussions. This tax, instituted in 2019, imposes a 3% levy on digital transactions involving major technology companies such as Meta, Google, and Amazon. The annual revenue from […]
MDEC Strengthens Malaysia's Digital Economy Through Strategic Partnerships with Singapore and Indonesia
The Malaysia Digital Economy Corporation (MDEC) has taken a significant step to enhance Malaysia’s digital landscape by collaborating with Singapore’s Ascent and Indonesia’s Central Capital Ventura (CCV). These partnerships aim to attract up to RM200 million (approximately US$45 million) in capital investment, targeting Malaysian startups primarily in fintech, healthcare, artificial intelligence (AI), and robotics. This […]
Saudi Arabia's Vision 2030: Bayt.com and MCIT Launch Tech Talent Hub to Bolster Digital Economy
In a strategic move to enhance its digital economy, Saudi Arabia has taken a significant step by launching the Tech Talent Hub. This initiative is a collaboration between Bayt.com and the Ministry of Communications and Information Technology (MCIT), aimed at identifying, developing, and retaining top technology talent within the Kingdom. The Tech Talent Hub aligns […]
Mekong Partnership Strengthens Regional Digital Security
The Mekong-U.S. Partnership (MUSP) has recently taken significant steps to bolster regional digital security through a policy dialogue focused on online scams. Hosted in Bangkok, the seminar gathered officials from Thailand, the United States, and Vietnam, marking an essential initiative aimed at countering cybersecurity threats and enhancing cooperation in combating online crime throughout the Mekong […]
EU Modernises Civil Liability Laws to Enhance Consumer Protection and Adapt to Technological Advancements
In a landmark decision, the European Union has enacted a directive aimed at modernising civil liability laws. This significant update is designed to bolster consumer protection while responding to the growing influence of technological advancements and the principles of the circular economy. The revision of these laws, which now encompasses a wider definition of what […]
Crypto.com Files Lawsuit Against SEC for Exceeding Authority
In a significant development within the cryptocurrency sphere, Crypto.com has initiated legal proceedings against the U.S. Securities and Exchange Commission (SEC). The core of the lawsuit alleges that the SEC has overstepped its boundaries by reclassifying a substantial majority of crypto transactions as securities. This legal action follows the issuance of a Wells Notice by […]
X Exempt from Gatekeeper Obligations in EU's Digital Markets Act
Elon Musk’s platform, X, formerly known as Twitter, will not be classified as a ‘gatekeeper’ under the European Union’s Digital Markets Act (DMA). This significant decision is expected to be confirmed by the European Commission in the impending week. The DMA represents a groundbreaking regulatory framework aimed at ensuring fair competition among major digital players […]
EXA and Macarne Join Forces to Enhance Transatlantic Connectivity
In a strategic move aimed at strengthening digital infrastructure, EXA Infrastructure has partnered with Macarne to enhance network connectivity between Europe and North America. This alliance is a pivotal step toward fulfilling the increasing demands of businesses in a rapidly evolving digital economy. By leveraging EXA’s sophisticated fibre infrastructure, Macarne can significantly boost the reliability […]