Class Action Stems from Cambridge Analytica Data Breach The U.S. Supreme Court on Friday refrained from ruling on a pivotal securities fraud case against Facebook, now known as Meta, accused of misleading investors about data misuse on its platform. The justices dismissed Facebook’s appeal of a lower court decision allowing the 2018 class action, led by Amalgamated Bank, to proceed. This action effectively upholds the lower court’s ruling while leaving the underlying legal dispute unresolved. The Court issued a brief, one-line order without explanation, declining to take up the case. Background of the Lawsuit The lawsuit alleges that Facebook failed…
Author: Web Desk
Expanding the EU’s Chip Strategy The European Commission has been urged to broaden its plans for strengthening the semiconductor sector by incorporating “foundational and legacy” chips. Industry leaders argue that these components represent a core strength of Europe’s chip ecosystem and are crucial for maintaining competitiveness. Call for a Comprehensive Chips Act 2.0 The European Semiconductor Industry Association (ESIA) has proposed a follow-up to the European Chips Act of 2023. This initiative, which allocated €43 billion to increase Europe’s share of the global semiconductor market to 20% by 2030, should now also prioritize foundational technologies alongside cutting-edge innovations. Rene Schroeder,…
CMA Criticizes Mobile Browser Market Dynamics The UK’s Competition and Markets Authority (CMA) has raised concerns about the dominance of Apple and Google in the mobile browser market. A provisional report from the CMA inquiry group highlighted significant issues with the current market structure, which it claims hinders innovation and fails to serve UK businesses and millions of smartphone users effectively. Apple’s Restrictions on Browser Technology The CMA identified Apple’s restrictions on web access through iPhones as a major barrier to competition. The inquiry found that Apple’s rules prevent rival browsers from introducing new features that could enhance user experience.…
CEO Steps Down as Northvolt Seeks $1.2 Billion Funding Peter Carlsson, co-founder and CEO of Northvolt, stepped down from his role, coinciding with the company’s filing for U.S. Chapter 11 bankruptcy protection. The Swedish battery manufacturer, once heralded as Europe’s key player in the EV battery sector, is now racing to secure between $1 billion and $1.2 billion in financing to stabilize its operations. Carlsson, a former Tesla executive, described his departure as an emotional moment, likening the company to his “baby.” He will remain on the board as a senior adviser while Northvolt undergoes restructuring, with leadership transitioning to…
Karachi Hosts Iconic Trophy Tour The ICC Champions Trophy 2025 trophy completed its three-day tour of Karachi, showcasing its presence at iconic landmarks, colleges, and a public exhibition at Port Grand. The tour began on Wednesday at Burns Road and concluded with a grand display at Port Grand on Friday. Visits to Landmarks and Educational Institutions During its final day in Karachi, the trophy visited several notable locations, including the Quaid-e-Azam’s mausoleum, Karachi Metropolitan Corporation (KMC) headquarters, Mohatta Palace, and the National Stadium. It also made stops at various colleges, where it was warmly received by students and faculty. Former…
India’s Fightback After a Disappointing Start India staged a remarkable comeback on the opening day of the first Test against Australia in Perth after being dismissed for a modest 150. By stumps, the hosts were reeling at 67-7, thanks to a stunning spell from stand-in captain Jasprit Bumrah, who ended the day with 4-17. Alex Carey (19*) and Mitchell Starc (6*) were left to steady the ship after India’s relentless pace attack dismantled Australia’s batting order. India’s Fragile Batting Line-Up Opting to bat first, India struggled against Australia’s fiery pace attack, with Josh Hazlewood claiming 4-29. Debutant Nitish Kumar Reddy…
Renewed Tensions with IOC The Pakistan Sports Board (PSB) is on a potential collision course with the International Olympic Committee (IOC) as it moves to assert greater control over national sports federations. This initiative violates the IOC Charter and risks subjecting Pakistan’s sporting bodies to international sanctions. A similar situation arose in 2014 when government interference almost led to Pakistan’s suspension from the IOC. The crisis was narrowly averted when the government assured the IOC it would respect the independence of the Pakistan Olympic Association (POA). Proposals Spark Controversy The controversy stems from a letter sent by the PSB to…
A Historic Milestone in Sight Max Verstappen stands on the brink of history as he aims to become the sixth driver in Formula One to claim four world championships. The Dutchman heads into the Las Vegas Grand Prix with a commanding lead over Lando Norris and needs only to keep the McLaren driver out of the top eight to secure the title. Verstappen, with 393 points, leads Norris, who has 331, by 62 points with just 60 points remaining after the Las Vegas race. A win would see Verstappen join legends like Juan Manuel Fangio, Alain Prost, Michael Schumacher, Sebastian…
Australia’s Unfinished Business Australian captain Pat Cummins, having celebrated numerous cricketing accolades, now sets his sights on achieving an elusive Test series win against India. Over the years, Australia has dominated the cricketing world with Ashes triumphs and World Cup victories. Yet, the Border-Gavaskar Trophy has remained out of reach for Cummins and many of his teammates, who have faced defeat in the last four series against India. Speaking ahead of the opening Test at Perth Stadium, Cummins emphasized the significance of this challenge. “For a lot of us, this is one of the final boxes to tick,” he said.…
Alarming Impact on Health Care in Lebanon Since the escalation of conflict on 7 October 2023, Lebanon has experienced a significant number of attacks on health care, resulting in one of the highest death tolls for health workers and patients in active conflicts worldwide. Of the 137 reported attacks on health facilities, 65 (47%) have led to fatalities, which is notably higher than the global average of 13.3%. Between 7 October 2023 and 18 November 2024, Lebanon witnessed 226 deaths and 199 injuries among health workers and patients. Comparative Data: Lebanon, Gaza, and Ukraine The figures in Lebanon are particularly…
