Twitter cannot hide from EU rules after exit from code, EU’s Breton says

By Foo Yun Chee BRUSSELS (Reuters) – Twitter cannot run away from its obligations even after quitting a voluntary EU code of practice to tackle disinformation, EU industry chief Thierry Breton warned the company late on Friday. Companies which signed up to the code are required to provide regular progress reports with data on how…

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EU to send human rights envoy to Cuba, but will not ‘impose’ demands

By Dave Sherwood HAVANA (Reuters) – The European Union will send a special human rights envoy to Cuba this year to discuss the aftermath of anti-government protests in July 2021, but the EU’s top diplomat said it will not “impose” demands on the Communist-run Caribbean nation. EU foreign policy chief Josep Borrell, on a visit…

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Wall Street rallies, European shares see biggest gain in 2 months

By Chris Prentice and Huw Jones NEW YORK/LONDON (Reuters) -Wall Street’s main indexes rose and European shares logged their largest one-day gain in two months on Friday as talks on raising the U.S. debt ceiling progressed. Treasury yields climbed as investors rethought how long interest rates were likely to keep rising. Democratic and Republican negotiators…

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Ukraine says Russia plans to simulate accident at nuclear power plant

(Reuters) – Ukraine’s defence ministry on Friday said Russia was planning to simulate a major accident at a nuclear power station controlled by pro-Moscow forces to try to thwart a long-planned Ukrainian counteroffensive to retake territory occupied by Russia. The Zaporizhzhia plant, which lies in an area of Russian-occupied southern Ukraine, is Europe’s biggest nuclear…

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Meta offers to limit use of ad data to address UK competition concerns

LONDON (Reuters) – Britain’s competition watchdog on Friday said social media giant Meta had offered to limit its use of other businesses’ advertising data for its Facebook Marketplace service to address the regulator’s competition concerns. The Competition and Markets Authority (CMA) said it was minded to accept the commitments, which include advertisers being able to…

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Dollar set for third week of gains as US debt talks loom large

By Hannah Lang WASHINGTON (Reuters) – The dollar was set for a third straight weekly gain on Friday, as markets raised bets on higher-for-longer interest rates and amid closely watched last-ditch talks on the U.S. debt ceiling. Apparent progress in the talks between President Joe Biden and top congressional Republican Kevin McCarthy helped ease investor…

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G7 officials to hold first meeting on AI regulation next week

By Kantaro Komiya TOKYO (Reuters) – Group of Seven (G7) nation officials will meet next week to consider problems posed by generative artificial intelligence (AI) tools like ChatGPT, Japan said on Friday. Leaders of the G7, which includes the United States, European Union and Japan, last week agreed to create an intergovernmental forum called the…

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Microsoft sets out grounds for Activision appeal against UK regulator

By Sam Tobin LONDON (Reuters) -Microsoft is challenging Britain’s decision to block its $69 billion takeover of “Call of Duty” maker Activision Blizzard on the grounds of “fundamental errors” in the assessment of Microsoft’s cloud gaming services. Britain’s anti-trust regulator, the Competition and Markets Authority (CMA), vetoed the deal in April, saying it could hurt…

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