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Meta fined €265 million by Irish regulators for breaching EU data protection law

On Monday, Irish regulators fined Facebook parent Meta €265 million, the companys latest punishment for violating strict European Union data privacy

On Monday, Irish regulators fined Facebook parent Meta €265 million, the companys latest punishment for violating strict European Union data privacy rules. Last year, the watchdog launched an investigation into reports that data on over 533 million users had been leaked online. Its the latest in a string of penalties meted out by the Irish watchdog over the last two years. In September, the Irish data protection authority fined Metaowned Instagram €405 million after discovering that the platform mishandled the personal information of teenagers. Read More..

B2B Tech News | 2 years ago        

Temasek of Singapore holds an internal assessment of the loss of $275 million related to FTX

Singapores Deputy Prime Minister Lawrence Wong announced on Wednesday that Temasek Holdings [RICRICTEM.UL] has begun an internal assessment of its par

Singapores Deputy Prime Minister Lawrence Wong announced on Wednesday that Temasek Holdings [RICRICTEM.UL] has begun an internal assessment of its participation in the nowbankrupt FTX crypto exchange, resulting in a $275 million writedown. Following the stunning collapse of FTX, Temasek decided to write down its investment of approximately $275 million. SoftBank Group Corps 9984.T Vision Fund and Sequoia Capital have also reduced their investments in FTX to zero after the company, founded by Sam BankmanFried, filed for bankruptcy protection in the United States this month in the highestprofile crypto meltdown to far. Read More..

B2B Tech News | 2 years ago        

Enerza is developing a robot called Boa that uses 5G to cross power lines and signal impending problems to utilities

James Aein, the CEO of the 5G startup Enerza in Toronto, is creating a robot that can examine electrical cables. The robot, known as Boa, crosses powe

James Aein, the CEO of the 5G startup Enerza in Toronto, is creating a robot that can examine electrical cables. The robot, known as Boa, crosses power cables to inform utility providers of impending issues. Before a largescale outage occurs, it might stop it. Up to 8,000 kilometres of electrical lines can be monitored and reported on annually by Enerzas Boa robots. Municipalities are not obligated by Boa to make grid modernization investments. Enerza will work with an American utility in January 2023 to test the system in the field. Read More..

B2B Tech News | 2 years ago        

Coterra Energy Pays $16.29 Million for Pennsylvania Water Pollution Appeal

Coterra Energy CTRA.N, a U.S. shale company, pleaded no contest to poisoning well water in Dimock, Pennsylvania, and agreed to pay $16.29 million to b

Coterra Energy CTRA.N, a U.S. shale company, pleaded no contest to poisoning well water in Dimock, Pennsylvania, and agreed to pay $16.29 million to build a new water supply system for its people, the state attorney general said on Tuesday. The Houstonbased corporation, then known as Cabot Oil and Gas, will also cover 75 years of water bill payments for the impacted residents, who were exposed to metal and methanepolluted drinking water. Dimock was at the epicentre of the 2007 Marcellus Shale gas fracking boom. Read More..

B2B Tech News | 2 years ago        

Microplastics found in previously “pristine” Antarctic water, air and sediments.

Microplastics have been discovered in the water, air, and sediment of the Antarctic by a research trip. Each and every sample had some level of microp

Microplastics have been discovered in the water, air, and sediment of the Antarctic by a research trip. Each and every sample had some level of microplastic contamination. By far the most common, with a presence in 60% of samples, were polyester fibres. Fragments of nylon, polypropylene, and acrylic were found to make up the majority of the other contaminants. The majority of microplastics seem to have arrived from South America. The expeditions results cast doubt on the conventional wisdom that the Antarctic Circumpolar Current shields the majority of Antarctica from pollution affecting other oceans. This week, representatives from more than 150 governments will gather to draught a global, legally binding document on plastic pollution. Read More..

B2B Tech News | 2 years ago        

OzHarvest Ventures leads $18 million fundraiser for food recycling facility

OzHarvest Ventures hopes to raise $18 million for a Sydney Food Recycle facility. The partnership will acquire the intellectual property rights for tr

OzHarvest Ventures hopes to raise $18 million for a Sydney Food Recycle facility. The partnership will acquire the intellectual property rights for transforming food waste into poultry feed. Since its inception in 2004, OzHarvest has given 220 million meals to Australians. The first facility will be capable of processing 100 tonnes of food waste per day and converting it into highquality, biosecure animal feed. If everything goes as planned, she estimates that the facility in New Yorks Hudson Yards will be fully operational in 18 months. Read More..

B2B Tech News | 2 years ago        

Peru is tackling water scarcity with naturebased solutions and is leading the way in Latin America

The Peruvian city of Moyobamba is well known for its innovative naturebased solution NbS project, which involves charging residents for water and usin

The Peruvian city of Moyobamba is well known for its innovative naturebased solution NbS project, which involves charging residents for water and using the money to finance conservation efforts to protect the areas water resources. In order to address concerns with water scarcity, such as those in Moyobamba, the Environment Ministry of Peru and other environmental organisations have been striving to scale up NbS throughout the nation. Water utilities inclusion in the NbS plans, as recommended by the World Resources Institute for the success of scaled NbS efforts, has contributed to Moyobambas success. Although NbS programmes have drawn criticism for failing to address the primary causes of climate change, project developers in Peru contend that this need not be the case. Read More..

B2B Tech News | 2 years ago        

Allegros thirdquarter profit rises as the Polish company returns to growth

Allegro ALEP.WA, Polands largest ecommerce platform, announced a gain in thirdquarter core profit on Wednesday, led by a recovery in the companys impo

Allegro ALEP.WA, Polands largest ecommerce platform, announced a gain in thirdquarter core profit on Wednesday, led by a recovery in the companys important home market, as shipping costs were reduced and gross merchandise value increased. Allegro noted that gross merchandise value GMV, an industry indicator used to assess transaction volumes, increased 21% in Poland to 12.01 billion zlotys. The company reported a net loss after recording a 2.3 billion zloty writedown due to a more than half drop in the value of its investments in Mall and WE|DO. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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