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U.S. appeals court overturns YPF judgement against Argentina
Judges in New York’s federal appeals court have overturned a ruling that found Argentina liable to pay $16bn to former shareholders of the oil major YPF. Burford Capital, which financed the case, described the decision that overturned a judgement against Argentina for nationalising YPF in 2012 “very disappointing” and an “abandonment of minority shareholder rights.”…
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Senators introduce ban on government use of Chinese robots
Sen. Tom Cotton (R-Ark.) and Senate Minority Leader Chuck Schumer (D-N.Y.) have introduced legislation to ban the federal government from obtaining or operating unmanned Chinese robots. The American Security Robotics Act seeks to bar government use of “unmanned ground vehicle systems” – including humanoid robots and remote surveillance vehicles – made by foreign adversaries such…
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Meta and Google found liable for social media harm to children’s mental health
A young woman has successfully sued Meta and YouTube over her childhood addiction to social media. Jurors in Los Angeles found that Meta, which owns Instagram, Facebook and WhatsApp, and Google, the owner of YouTube, intentionally built addictive social media platforms that harmed the 20-year old’s mental health. The woman, known as Kaley, was awarded…
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EU digital rules ‘should apply to Big Tech’s smart TVs’
The smart TVs of Google, Amazon, Apple and Samsung should come under the auspices of the EU’s Digital Markets Act (DMA) because of their growing market power, the world’s largest ?broadcasters have told EU antitrust chief Teresa Ribera. The call by the Association of Commercial Television and Video on Demand Services in Europe (ACT) comes…
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Supreme Court nixes class action challenge
The Supreme Court has refused to consider Eli Lilly and Takeda’s contention that a racketeering lawsuit against the pharma companies shouldn’t proceed as a class action. The lawsuit accuses the companies of violating the Racketeer Influenced and Corrupt Organizations Act by marketing the Actos diabetes drug without disclosing its link to bladder cancer. The case…
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World’s energy watchdog urges people to work from home
The International Energy Agency (IEA) is encouraging workers to work from home to combat soaring oil prices and impending fuel shortages caused by the conflict in the Middle East. The world’s energy watchdog has made 10 recommendations to help households and businesses prepare for protracted disruption to energy markets, including reducing highway speed limits by…
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