US court approves 'social casino' $415 million class settlement

Online consumers alleged "social casino" games developed by the defendants "constitute unlawful gambling under Washington's gambling laws." The settlement was the latest in a series of related cases.

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Republican lawmakers urge Joe Biden government to rally allies over China Micron ban

Michael McCaul, who heads the House Foreign Affairs Committee, and Mike Gallagher, chairman of the House select committee on the Chinese Communist Party, sent a letter to US Commerce Secretary Gina Raimondo urging the administration to take action after China targeted the biggest US memory chip maker.

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What is really happening with digital credit in India, and other top stories this week

The aftermath of Covid-19 and the subsequent moratorium on loan repayments burnt a massive hole in the loan books of lenders. While the large players managed their books somehow, fintech non-banking financial companies (NBFC) have grappled with ballooning non-performing assets (NPAs).

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Samsung may lose PLI sops for first year on invoicing issues

The Korean company has said it is in advanced talks with the government on payout; it stressed its commitment to India.

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YouTube to stop removing content making false claims on past elections

The platform also said the rest of its policies against hate speech, harassment and incitement to violence would continue to apply to all user content, including elections.

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US telecom stocks fall on report Amazon in talks for wireless services

Bloomberg News reported that Amazon was negotiating to get the lowest possible wholesale prices and could offer wireless plans for $10 a month or lower to Prime members through the partnerships, including a possible tie-up with Dish Network.

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US Judge dismisses Cambridge Analytica privacy lawsuit against Meta

The social media firm drew global scrutiny in 2018 after disclosing that a third-party personality quiz distributed on Facebook gathered profile information on 87 million users worldwide and sold the data to British political consulting firm Cambridge Analytica.

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