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FinanceEU's Cleaner Marine Fuel Rules Are Inflationary, Shipbrokers Say
FinanceIndia Antitrust Body Found Pernod Colluded With Retailers to Promote Its Brand
BankingNavigating the Future of Banking: Insights From Producers Savings Bank
Top StoriesBosnia’s Serb Lawmakers Halt EU Accession Efforts
Byd Contractor Denies ‘slavery-Like Conditions’ Claims by Brazilian Authorities
Date: December 26, 2024
SHANGHAI/BEIJING (Reuters) -Jinjiang Group, a contractor for Chinese electric vehicle maker BYD, said on Thursday Brazilian authorities’ portrayal of their employees as “enslaved” was inconsistent with the facts and that there were translation misunderstandings. Brazilian labor authorities had on Wednesday said they found 163 Chinese nationals working in “slavery-like conditions” at a construction site for...
Beyond Verification: How Can Robust Validation and Standardisation in Entity Verification Drive Growth and Innovation
Date: December 24, 2024
By Henry Balani, Global Head of Industry & Regulatory Affairs at Encompass Corporation Banks and financial institutions are consistently looking to transform their corporate ‘Know Your Customer’ (KYC) practices to help streamline customer journeys. However, banks are currently tackling the lack of established corporate digital identities (CDI) creating a further hurdle for streamlining corporate KYC and...
Chile Files Environmental Charges Against Anglo American Copper Mine
Date: December 24, 2024
By Fabian Cambero SANTIAGO (Reuters) -Chile’s environmental regulator has filed four charges against the major Los Bronces copper mine, controlled by Anglo American, for noncompliance with environmental permits, the agency said on Monday. The charges could carry a fine of nearly 17 billion pesos ($17.17 million), according to the Superintendency of the Environment, or SMA....
Italy Fines OpenAI Over ChatGPT Privacy Rules Breach
Date: December 20, 2024
By Elvira Pollina and Alvise Armellini MILAN (Reuters) -Italy’s data protection agency said on Friday it fined ChatGPT maker OpenAI 15 million euros ($15.58 million) after closing an investigation into use of personal data by the generative artificial intelligence application. The fine comes after the authority found OpenAI processed users’ personal data to “train ChatGPT...
US Presses EU to Align Methane Regulations for Lng
Date: December 20, 2024
By Valerie Volcovici WASHINGTON (Reuters) – U.S. officials doubled down on their appeal to EU counterparts to ensure liquefied natural gas shipments that meet current U.S. methane regulations also automatically comply with Europe’s new standards for gas imports, a letter seen by Reuters on Thursday showed. President Joe Biden’s administration sent a second letter to...
Worldcoin Must Delete All Iris Scan Data, Watchdog Says
Date: December 20, 2024
MADRID (Reuters) – Sam Altman’s company Worldcoin must delete all iris scanning data collected since the start of the project that has sparked privacy concerns in several countries, Spanish data protection watchdog AEPD said on Thursday. AEPD cited a decision earlier on Thursday by its Bavarian counterpart BayLDA, with whom the agency has cooperated on...