European officials threatened to fine TikTok and force it to remove some features, the latest regulatory challenge for the Chinese-owned social media app.
Category: Fines (Penalties)
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Tennessee Company Hired Children to Operate ‘Dangerous’ Machinery, Officials Say
Tuff Torq Corp. of Morristown, Tenn., must pay a fine of nearly $300,000 and set aside $1.5 million in profits to compensate 10 underage workers, the Labor Department said.
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France Fines Google for Using Articles to Train A.I. Without Notifying Publishers
The French competition authority said the tech giant failed to negotiate fair licensing deals with media outlets and did not tell them it was using their articles to train its chatbot.
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China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion
China’s securities regulator fined the developer’s founder, Hui Ka Yan, and banned him from participating in the country’s financial markets for life.
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JPMorgan Fined $348 Million for Lapses in Trade Monitoring
Regulators, which rely on the bank for information that helps prevent insider trading and market manipulation, said customer data from around 30 platforms was missing.
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New Federal Rule Caps Most Credit Card Late Fees at $8
The Consumer Financial Protection Bureau said its new restriction would save households $10 billion a year in “junk fees.”
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Apple Fined $2 Billion by E.U. for Using App Store to Thwart Competition
Apple is expected to appeal the penalty, the latest in a series of regulatory setbacks for the tech giant.
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CVS Fined $1.5 Million by Ohio Over Staffing Issues
The penalty is part of a settlement of 27 cases involving safety concerns revealed during inspections of nearly two dozen stores, officials said.
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Confiscated Motorbikes Pile Up as Vietnam Goes After Drunken Driving
Some drivers are abandoning the vehicles, the country’s dominant mode of transportation, because the fines exceed their value.
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Traveling With Watches Can Be Tricky. Just Ask Arnold Schwarzenegger.
Customs regulations vary, and experts say that the right paperwork can make all the difference.
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Unlikely Allies Want to Bar JBS, the Brazilian Beef Giant, From U.S. Stock Markets
Environmentalists and American meat producers alike are asking regulators to keep JBS, the world’s biggest meatpacker, off the New York Stock Exchange.
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Airbnb to Pay About $20 Million After Charging Australians in U.S. Dollars
Airbnb admitted in Australian court that it had made “false or misleading representations,” charging customers in U.S. currency instead of Australian dollars.