‘Meta loses more’: Zuckerberg takes Threads fight to EU
US tech titan Mark Zuckerberg is withholding his new Threads app from European users due to “regulatory uncertainty,” but experts believe his strategy will likely fail. The move is seen as a political push against the EU, and the outcome of this battle could impact the regulatory landscape for other big tech platforms in Europe.
The Digital Markets Act (DMA) poses challenges for tech firms, prohibiting data transfer across platforms without user consent. Analysts predict that Meta will struggle to navigate compliance issues and may face unintended consequences.
Thai caretaker PM Prayut announces retirement from politics
Outgoing Thai PM Prayut Chan-o-Cha announced his retirement, but will stay on as caretaker until a new government is formed.
Voters rejected army-backed parties in the May election, favoring reform and opposition groups. Prayut urged UTN members to protect the nation’s institutions.
Temasek Holdings reports S$7.3 billion loss, pledges continued investment amid global uncertainties
Singapore’s Temasek Holdings sees a 5.2% decrease in its net portfolio value to S$382 billion in FY2023, attributing a loss of S$7.3 billion to changes in accounting standards. The firm emphasizes its commitment to strategic investment amidst global uncertainties.
Red Dot United calls for formal investigation into Speaker of Parliament’s derogatory remark on WP MP
Following derogatory remarks made by Speaker of Parliament, Tan Chuan-Jin, the Red Dot United party calls for a formal parliamentary investigation, reiterating their stance on the need for a non-partisan Speaker to ensure parliamentary fairness and integrity.
