Elon Musk announces 'amnesty' for banned Twitter accounts

The announcement comes as Elon Musk faces pushback that his criteria for content moderation is subject to his personal whim, with reinstatements decided for certain accounts and not others.

from Tech-Economic Times https://ift.tt/mYZkp82

Former Nykaa CFO Arvind Agarwal to take over as chief financial officer of PayU India

Confirming the development, a PayU spokesperson said: “We are excited to welcome Arvind to our leadership team at this opportune time with the company heralding a new growth journey.”

from Tech-Economic Times https://ift.tt/Jgv8O20

Amazon faces Black Friday protests, strikes in 40 countries

Employees in the US, UK, India, Japan, Australia, South Africa and across Europe are demanding better wages and working conditions as the cost-of-living crisis deepens, in a campaign dubbed “Make Amazon Pay”.

from Tech-Economic Times https://ift.tt/D2OCMHK

Twitter job cuts a concern as new EU rules kick in, says EU justice head

The new rules known as the Digital Services Act, which will apply from February 2024, require online platforms to do more to police the internet for illegal content or risk fines as much as 6% of their annual global turnover.

from Tech-Economic Times https://ift.tt/z3I5ZMw

Scoop: PhonePe may acquire ZestMoney; Aditya Birla Fashion close to buying Bewakoof; and Koo's new funding round

If the transaction goes through, it will be the biggest consolidation in the new-age lending sector, which has of late faced major regulatory roadblocks in India. In September, the Reserve Bank of India introduced a set of rules for online lenders.

from Tech-Economic Times https://ift.tt/1AKtW4p

No one was fired, resignations were voluntary, Amazon tells labour ministry

The authorities had sought Amazon’s response after Pune-based employee union Nascent Information Technology Employees Senate (NITES) petitioned union labour minister Bhupender Yadav, claiming that the online retailer had forcibly terminated a large number of employees in India.

from Tech-Economic Times https://ift.tt/qxQCWK9

FTC likely to file lawsuit to block Microsoft bid for Activision: report

A lawsuit challenging the deal is not guaranteed, and the FTC's four commissioners have yet to vote out a complaint or meet with lawyers for the companies, the report said, adding that the FTC staff reviewing the deal are skeptical of the companies' arguments.

from Tech-Economic Times https://ift.tt/AyrbP6K