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No Doomsday scenario for Facebook as EU privacy rules kick in

As Europe nears tough new privacy rules, Facebook reckons the worst that could happen is that users will share less data, making it harder to target ads on the social network that raked in revenues of US$12bil in the first quarter.

EU strikes deal forcing Netflix, Amazon to fund European content

Online streaming services including Netflix and Amazon Prime Video could be required by countries to help fund European films and TV shows under a preliminary deal struck by EU lawmakers and member states on April 26.

Facebook slammed by UK lawmakers as CTO promises transparency overhaul

A top Facebook executive apologised for errors made by the firm and vowed to do more to improve transparency during a four-hour grilling on April 26 from British lawmakers who insisted the company's response to a data scandal had been inadequate.

Snap is trying again with Spectacles; no more vending machines

Snap Inc is introducing a new version of Spectacles, the colourful sunglasses that take videos for posting on its mobile app. And this time, the company is going to be smarter about predicting demand.

Syed Zainal Abidin new Petronas Dagangan MD and CEO

KUALA LUMPUR: Petronas Dagangan Bhd will have Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir as its new managing director and chief executive officer.

The auto plants of the future may have a surprisingly human touch

Carmakers have big plans for their next generation of factories: smarter designs, artificial intelligence and collaborative robots building a wide range of vehicles on the same line.

US considers tightening grip on China ties to Corporate America

The US government may start scrutinising informal partnerships between American and Chinese companies in the field of artificial intelligence, threatening practices that have long been considered garden variety development work for technology companies, sources familiar with the discussions said.

Amazon checking-account threat puts regional banks on defensive

America’s regional banks are preparing to defend their turf.

Mkini files bid to quash fake news law as unconstitutional

KUALA LUMPUR: Mkini Dotcom Sdn Bhd has filed leave for a judicial review seeking a declaration that the Anti-Fake News Act 2018 is unconstitutional, has no effect and is not valid.

MISC's RM15.68b capex over next 5 yrs

KUALA LUMPUR: MISC Bhd has allocated US$4bil (US$1 = 3.92) in capital expenditure (capex) over the next five years with the aim of securing more floating production storage and offloading (FPSO), and shuttle tankers projects.