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Google, Meta face record fines in South Korea over privacy violations
Google, Meta face record fines in South Korea over privacy violations
by  AFP

South Korea has fined Google and Meta more than $71 million collectively for gathering users' personal information without consent for tailored ads, regulators said Wednesday, the country's highest-ever data protection fines. Regulators said the majority of the users in South Korea -- 82 percent for Google and 98 percent for Meta -- had unknowingly allowed them to collect data on their online use.

Japan central bank conducts 'rate check' as yen sinks: reports
Japan central bank conducts 'rate check' as yen sinks: reports
by  AFP

Japan's central bank on Wednesday conducted an operation often seen as a precursor to currency intervention, local media said, as the yen continues to crater against a strengthening dollar. The financial daily Nikkei and other local media said the Bank of Japan (BoJ) carried out a "rate check".

Gripes over electric car tax credit as Biden visits Detroit show
Gripes over electric car tax credit as Biden visits Detroit show
by  AFP

Fresh off of recent legislative triumphs aimed at supporting US manufacturing, President Joe Biden is set for an upbeat appearance Wednesday at the first Detroit Auto Show since the pandemic. Biden's appearance Wednesday at the Detroit Auto Show lends some shine to the revived event following a three-year pandemic hiatus.

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