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Meta fined $567m in largest child safety ruling against social media giant
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Meta fined $567m in largest child safety ruling against social media giant

A New Mexico judge ordered the Instagram, Facebook and Whatsapp parent company to pay another $567m for the way it has harmed children.

Latest Dispatches

‘It’s too fast, too big’: speed of climate crisis is devastating crops, say farmers nemzetkozi-gazdasag

‘It’s too fast, too big’: speed of climate crisis is devastating crops, say farmers

Drought and extreme heat are killing plants, driving up prices while also making some farms economically unviable “It’s a constant battle,” says Tim Young. He and his family have been tracking the rainfall on their Norfolk farm since 1976, and the data shows the last six years have seen two-thirds the amount of rain compared with previous years. The lack of water has become the number one risk to Young’s business. This summer has seen record-breaking climate induced heatwaves scorch much of Europe, which combined with droughts and “apocalyptic” wildfires has made farming virtually impossible. France has faced down fires that its president, Emmanuel Macron, called the worst since the second world war and on Wednesday half of England was declared officially in drought, with July expected to be the driest on record after winter floods, according to the Environment Agency. So how are farmers bearing up under the pressure? Continue reading…

Business | The Guardian
Uefa has formed a rare but fragile united front against Fifa in battle for football’s future | Nick Ames and Matt Hughes nemzetkozi-gazdasag

Uefa has formed a rare but fragile united front against Fifa in battle for football’s future | Nick Ames and Matt Hughes

Emerging from this week with unity over Fifa’s World Cup sell off was quite an acheivement but Europe cannot rest on its laurels It was a phrase not always heard when Europe’s football associations discuss a pressing issue. “Touchingly unanimous,” was the assessment of a senior Uefa executive within moments of Thursday afternoon’s seismic decision to boycott Fifa tournaments unless Gianni Infantino scraps his private investment plan. United fronts on this scale are vanishingly rare and there is now a narrow window in which to make it count. Fifa doubled down on its proposal overnight with “clarifications”, which blamed the media for disrupting the “consultation process” of a scheme that had been constructed under cloak and dagger. There was no suggestion that it would shift from its 19 September deadline to in effect ram the Fifa Forward Enterprise (FFE) proposal through. Anyone would be forgiven for asking what the rush was but Uefa and its allies must not allow the next seven weeks to drag. Continue reading…

Business | The Guardian
South Korea’s KOSPI Soars 18% nemzetkozi-gazdasag

South Korea’s KOSPI Soars 18%

South Korea’s KOSPI index has swung wildly because of both the enthusiasm and anxiety related to investing in the global artificial intelligence boom.

NYT > Business
Infantino increasingly embattled after senior adviser resigns over World Cup sell-off plans nemzetkozi-gazdasag

Infantino increasingly embattled after senior adviser resigns over World Cup sell-off plans

Infantino’s role as president under increasing pressure 143 of Fifa’s 211 members now stand against scheme Gianni Infantino’s authority has been dealt a fresh blow after Carlos Cordeiro, one of his senior advisers, resigned with immediate effect in protest at proposals to sell a stake in the World Cup. In the latest embarrassment for Infantino, who saw European FAs threaten to boycott future Fifa tournaments on Thursday, the former US Soccer chief Cordeiro criticised “a bad deal for football” and pointed out that the global governing body already sits on huge amounts of debt-free reserves. Continue reading…

Business | The Guardian
Sainsbury’s to sell Argos to three retail veterans in £120m deal nemzetkozi-gazdasag

Sainsbury’s to sell Argos to three retail veterans in £120m deal

Trio set up Swift Partners for the acquisition, allowing supermarket to focus on core food business Sainsbury’s has agreed to sell the Argos retail chain for £120m to allow it to concentrate on its core food business. The supermarket announced on Friday it was selling the catalogue shopping business to a trio of retail veterans, a decade after buying the company for more than £1bn. Continue reading…

Business | The Guardian
BP puts North Sea business up for sale nemzetkozi-gazdasag

BP puts North Sea business up for sale

The decision follows a review of BP’s operations and is set to end 60 years of production in the region by the oil giant.

BBC News