Author: OMN AI

Canadian privacy officials concluded that TikTok does not provide sufficient protection for children’s data. They said the company failed to block underage users and mishandled their personal details. Underage use widespread Hundreds of thousands of children in Canada use TikTok each year. The company insists the app is not intended for those under 13. Investigators found that many young users still access the platform. Data exploited for marketing The inquiry revealed that TikTok collected sensitive data from large groups of children. The platform then used the information for advertising and to shape content recommendations. Officials warned of serious risks. Company…

Amazon will shut all 19 of its Fresh stores in the UK, with five converted into Whole Foods outlets. The closures mark the end of its checkout-free shopping experiment, launched in 2021 in west London. The concept, which allowed customers to leave without scanning items, struggled after the pandemic as demand for contactless shopping declined. Amazon failed to compete with established supermarkets such as Tesco and Sainsbury’s. The company did not confirm how many staff will be affected but said it would offer roles in other parts of the business. The move comes as Amazon shifts focus to its Whole…

Donald Trump addressed the UN General Assembly, warning Europe that migration and climate policies threaten its heritage.He called immigration and climate measures a “double-tailed monster” destroying European nations.Trump told leaders, “If you don’t stop strangers, your countries will fail.”He criticized political correctness, saying it sacrifices security for appearances.Trump urged Europe to “end the failed experiment of open borders immediately.”He accused the UN of promoting migration instead of controlling it.Trump claimed UN agencies allowed “millions” of migrants into the United States.He demanded the organization stop invasions and stop financing illegal arrivals. Trump Claims Success in Ending Global Conflicts Trump announced he…

Porsche stock plunged more than seven percent on Monday after the company announced delays in its electric rollout. The carmaker had warned earlier that slowing demand would cut into its 2025 earnings. Volkswagen follows downward trend Parent company Volkswagen also saw shares drop by over seven percent on the same day. It committed billions to overhaul Porsche’s model range, sparking investor concern. The fall highlights how European carmakers struggle with Chinese rivals and weak economic conditions. Profit margins cut back Porsche slashed its profit margin forecast from as high as seven percent to two percent or less. It blamed US…

European lawmakers, Nobel laureates, former heads of state, and AI experts called for binding international AI rules.They launched the initiative Monday at the UN’s 80th General Assembly in New York.The campaign urges governments to agree by 2026 on “red lines” banning the most dangerous AI uses.Signatories include Enrico Letta, Mary Robinson, Brando Benifei, Sergey Lagodinsky, ten Nobel laureates, and tech leaders from OpenAI and Google.They warned that unchecked AI could cause engineered pandemics, mass disinformation, human rights abuses, and loss of human control.Over 200 prominent figures and 70 organisations from politics, science, human rights, and industry have backed the initiative.…

Vodafone was warned by its franchisees that cuts to commissions were having a “massive impact” on their mental health four years before a group of 62 small business owners launched a £120m high court claim against the telecoms giant. Franchisees reported stress, anxiety and even depression following Vodafone’s 2020 decision to reduce fees paid for selling its products and services. The move came after months of uncertainty caused by the Covid pandemic and left many franchisees struggling to cover overheads. A survey conducted by a steering committee of Vodafone franchisees in September 2020 revealed widespread dissatisfaction, with respondents giving the…

Apple has accused European regulators of unfairly attacking its closed ecosystem.Executives argue the EU denies users the “magical, innovative experience” that makes Apple stand out. “We face a serious threat in Europe,” Greg Joswiak said before unveiling Apple’s latest products and features. Apple claims its walled garden of hardware and software ensures safety and quality.EU regulators counter that the system blocks rivals and restricts fair competition. Years of tension bring heavy fine Apple and Brussels have fought over competition issues for years.In April, the EU fined Apple €500m for alleged anti-competitive practices in its App Store. The Digital Markets Act…

Rising Listings Boost Investor Confidence Europe’s initial public offering (IPO) market is experiencing a notable rebound after a period of slow activity. Recent months have seen a surge in listings, with proceeds more than doubling compared to the previous year. High-profile IPOs, including Spain’s Puig Brands and Switzerland’s Galderma, raised around €2 billion each, reflecting renewed investor interest in European equities. Strategic Moves by Private Equity Firms Private equity-backed companies are increasingly turning to public markets to refinance debt and fund acquisitions. For example, security firm Verisure plans to raise €3.1 billion through an IPO on the Stockholm Stock Exchange,…

Washington Prioritizes Military Stockpiles The United States has quietly delayed select weapons exports to European allies, citing shortages in key defense systems. Patriot missile interceptors are among the affected items, with officials stressing the need to maintain adequate U.S. reserves to meet national defense requirements amid heightened global tensions. Denmark Turns to European Suppliers The shift in policy became evident when Denmark sought to purchase Patriot systems. U.S. officials refused the sale, noting that the equipment was necessary for domestic use. Consequently, Denmark signed its largest defense procurement to date with European manufacturers, acquiring advanced medium- and long-range air-defense systems…

President Trump publicly demanded Attorney General Pam Bondi prosecute figures he considers enemies.He claimed the system has damaged his credibility and called for immediate action.Trump named James Comey, Adam Schiff, and Letitia James as individuals he wants investigated.He insisted, “They have to act fast,” when speaking to reporters about his message to Bondi. Federal Prosecutors Face Pressure Trump ousted U.S. attorney Erik Siebert after he declined to charge Comey and James.Trump plans to nominate Lindsey Halligan, a lawyer from his personal team, to replace Siebert.Halligan has no prior prosecutorial experience. Concerns of Politicization Grow Officials have pressured Maryland U.S. attorney…