Judgement of the German Federal Court of Justice on Google's autocomplete function

41 US states are suing Meta for getting teens hooked on social media. Here’s what to expect next

Retrieved on: 
Thursday, November 9, 2023

In the United States, 41 states have filed lawsuits against Meta for allegedly driving social media addiction in its young users (under the age of 18), amid growing concerns about the negative effects of platforms.

Key Points: 
  • In the United States, 41 states have filed lawsuits against Meta for allegedly driving social media addiction in its young users (under the age of 18), amid growing concerns about the negative effects of platforms.
  • The lawsuits allege Meta has been harvesting young users’ data, deploying features to promote compulsive use of both Facebook and Instagram, and misleading the public about the negative effects of these features.

Leveraging whistleblower revelations

  • These cases rely in part on revelations made by former Meta employee Frances Haugen in 2021 about the role Facebook’s algorithms play in facilitating harms on the platform.
  • Haugen’s testimony suggests algorithms deployed across Facebook and Instagram were designed to increase content sharing, and therefore profits, using data harvested from users over many years.
  • These changes, she said, impacted how content was viewed on the news feed, leading to increased sharing of negative content such as hate speech.

Concerns over algorithms and content

  • Instead it provides a continuous stream of content without a natural endpoint.
  • They say the recommendation algorithms used by Meta periodically present users with harmful materials.
  • These include “content related to eating disorders, violent content, content encouraging negative self-perception and body image issues, [and] bullying content”.

Consequences for Australia

  • This includes material relating to cyberbullying of children, cyberabuse of adults, image-based abuse and abhorrent violent material.
  • The Federal Court can impose significant penalties for violations of the Online Safety Act.
  • But this doesn’t cover all the harmful content on social media, such as some linked to eating disorders and negative self-image.
  • Australia also has no legislative equivalent to COPPA.

We need collaboration and innovation

  • But domestic law can only go so far in protecting people using a medium that operates (mostly) seamlessly across borders.
  • As such, international law scholars have suggested more creative approaches in the context of online hate speech.
  • In doing so, the court strengthened The Gambia’s claims in a pending action before the International Court of Justice.
  • Kayleen Manwaring receives funding from the UNSW Allens Hub for Technology, Law and Innovation and the Cyber Security Cooperative Research Centre.
  • She is a member of the Advisory Board for the Consumer Policy Research Centre (Vic) and is Deputy Chair and NSW Coordinator for an Australian chapter of the IEEE Society on Social Implications of Technology.

New: Leica M11-P, The World's First Camera to Create a Seamless Chain of Authenticity from Capturing to Publication with Content Credentials

Retrieved on: 
Thursday, October 26, 2023

Leica Camera, with its unwavering pioneering spirit and commitment to authenticity in art of making a photograph, unveils the Leica M11-P, the first commercially available camera in the world to embody Content Credentials.

Key Points: 
  • Leica Camera, with its unwavering pioneering spirit and commitment to authenticity in art of making a photograph, unveils the Leica M11-P, the first commercially available camera in the world to embody Content Credentials.
  • It is the world's first camera to store metadata by attaching Content Credentials at the point of capture to protect the authenticity of digital images.
  • The Leica M11-P pioneers the use of secure metadata in compliance with the Content Authenticity Initiative (CAI) open-source standard.
  • With Content Credentials, each Leica M11-P image captured receives a digital signature backed by a CAI-compliant certificate.

Renewi plc: Further response to possible offer announcement by Macquarie Asset Management (“Macquarie”)

Retrieved on: 
Thursday, September 28, 2023

These actions will be supplemented by progress in Renewi’s digital agenda, focused on further improving customer related processes, digitising its back offices and upgrading its asset management capabilities.

Key Points: 
  • These actions will be supplemented by progress in Renewi’s digital agenda, focused on further improving customer related processes, digitising its back offices and upgrading its asset management capabilities.
  • Delivery of these initiatives is expected to drive sustainable long-term margin improvement, towards the Company’s target of high single digit % EBIT margin.
  • For the purposes of Rule 2.5(a) of the Code, this announcement has been made without the consent of Macquarie.
  • The content of the website referred to above is not incorporated into and does not form part of this announcement.

Booking customers on flights that were cancelled – how could Qantas do that?

Retrieved on: 
Thursday, September 7, 2023

The commission this week launched action in the Federal Court alleging Qantas engaged in false, misleading or deceptive conduct by selling tickets on flights that had already been cancelled, and not informing passengers of cancellations in a timely manner.

Key Points: 
  • The commission this week launched action in the Federal Court alleging Qantas engaged in false, misleading or deceptive conduct by selling tickets on flights that had already been cancelled, and not informing passengers of cancellations in a timely manner.
  • Read more:
    Qantas chief Alan Joyce quits early, amid customer fury at the airline

    Qantas has acknowledged that service standards might have slipped as the airline was struggling to recover after the pandemic.

  • Importantly, the case also points to the need for greater regulatory protection of the airline’s passengers, in line with other jurisdictions.

How did Qantas get in this mess?

    • However, the “usual” cancellation rate is less than 2%, less than a tenth of what Qantas experienced in May and June 2022.
    • What is unusual is that Qantas did not immediately remove cancelled flights from its booking system.
    • Read more:
      Qantas can't charge these prices forever: the challenge ahead for new chief Vanessa Hudson

What is Qantas’ liability?

    • Obviously, a business willingly selling a product or service it has no intention to deliver is at fault, and has to face consequences.
    • The onus will be on Qantas to demonstrate it made an honest mistake rather than a lapse of judgement.

Individual claims pending

    • As well as a potential fine, Qantas should brace for a flood of claims from individual passengers who bought a ticket for an already cancelled flight or were not informed in a timely manner.
    • Otherwise, the standard policy will apply: the airline is not usually responsible for any non-refundable and uninsured expenses a passenger incurs prior to the flight cancellation.

Closing the regulatory gap

    • The regulator should, however, also take a closer look at the existing air passenger rights in Australia.
    • However, the definition of “reasonable time” and the specifics of the compensation policies are left to the airlines.
    • In other parts of the world, actions have been or are being taken to strengthen customer protection.

Agreement with Indigenous Communities for Coringa development

Retrieved on: 
Monday, July 31, 2023

Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, announces that it has signed an agreement with the representatives of the indigenous communities (together “the Parties”) confirming their support for the long-term development of the Coringa project and setting out the steps to be followed to complete the consultation process (“the Baú TI Agreement”).

Key Points: 
  • Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, announces that it has signed an agreement with the representatives of the indigenous communities (together “the Parties”) confirming their support for the long-term development of the Coringa project and setting out the steps to be followed to complete the consultation process (“the Baú TI Agreement”).
  • The agreement has been signed with Kabu Institute (“Kabu”) and the Mantino Indigenous Association (“Mantino”) who together represent all of the communities of the Baú Indigenous Territory (“Baú TI”) and is the culmination of an extended period of engagement with the indigenous communities to fully understand and provide assurances regarding their expectations about the project.
  • The agreement has been presented and received approval of the Public Prosecutor’s Office and the Federal Court.
  • The Parties have agreed not to take actions to suspend the development of the Coringa project in recognition of the long term direct and indirect local economic benefits.

EQS-News: Varengold Bank AG takes a stand on the current, in part grossly misleading media coverage

Retrieved on: 
Thursday, June 22, 2023

Varengold Bank AG takes a stand on the current, in part grossly misleading media coverage

Key Points: 
  • Varengold Bank AG takes a stand on the current, in part grossly misleading media coverage
    The issuer is solely responsible for the content of this announcement.
  • There is not yet a legally binding result of the audit, but Varengold Bank has immediately taken preventive measures in the affected business division to secure the Bank on its stable foundation.
  • The current situation was not foreseeable for Varengold Bank.
  • The other business units Marketplace Banking and the deposit business (call and fixed-term deposits) of Varengold Bank will continue as usual.

Perpetua Resources and Nez Perce Tribe Reach Agreement in Principle under the Clean Water Act

Retrieved on: 
Tuesday, June 20, 2023

BOISE, Idaho, June 20, 2023 /PRNewswire/ - Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA) ("Perpetua Resources" or "the "Company") announced today that the Company and the Nez Perce Tribe ("Parties") have an agreement in principle which outlines the provisions for a settlement of the Nez Perce Tribe's Clean Water Act lawsuit.

Key Points: 
  • BOISE, Idaho, June 20, 2023 /PRNewswire/ - Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA) ("Perpetua Resources" or "the "Company") announced today that the Company and the Nez Perce Tribe ("Parties") have an agreement in principle which outlines the provisions for a settlement of the Nez Perce Tribe's Clean Water Act lawsuit.
  • The Parties have made significant progress through mediation and are working toward a final Clean Water Act settlement agreement in the third quarter of 2023 based on the agreed framework.
  • In a status report filed with the Federal Court on June 16, 2023, both Parties are requesting a further extension of the stay to September 29, 2023.
  • The Nez Perce Tribe filed a Clean Water Act lawsuit in 2019 and both Parties entered a Court-ordered dispute resolution process with a mediator in February 2021.

EQS-News: 123fahrschule SE announces the approval of the securities information sheet and further details on the implementation of the capital increase resolved by the Management Board with the a

Retrieved on: 
Thursday, June 1, 2023

This publication may not be released, published or distributed in the United States, Australia, Canada or Japan.

Key Points: 
  • This publication may not be released, published or distributed in the United States, Australia, Canada or Japan.
  • The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act").
  • The securities of the Company have not been, and will not be, registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan.
  • Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

EQS-News: Silver Lake Publishes Offer Document for Voluntary Public Tender Offer for Software AG – Acceptance Period Starts Today

Retrieved on: 
Wednesday, May 17, 2023

The public takeover offer is subject to a minimum acceptance threshold of 50 percent plus 1 share of the entire issued share capital including treasury shares.

Key Points: 
  • The public takeover offer is subject to a minimum acceptance threshold of 50 percent plus 1 share of the entire issued share capital including treasury shares.
  • The offer also has unanimous support from both the Management Board and the independent takeover committee of the co-determined Supervisory Board of Software AG.
  • Subject to their review of the offer document, the Management Board and the independent takeover committee of the co-determined Supervisory Board of Software AG intend to recommend Software AG’s shareholders to accept the offer.
  • Hence, Silver Lake does not intend to enter a domination and/or profit and loss transfer agreement with Software AG.