
Signa Prime Pursues Investors to Bridge €2 Billion Fund Gap
Austrian tycoon Rene Benko’s Signa Prime unit has approached investors over the last few days seeking up to
2023-11-16 14:59

Kenya Gets Additional $938 Million From IMF
The International Monetary Fund will expand its financing to Kenya by $938 million to bolster the East African
2023-11-16 14:59

Analysis-Argentina investors brace for financial pain no matter who wins presidency
By Rodrigo Campos NEW YORK Global investors expect a large amount of financial pain out of Argentina no
2023-11-16 14:58

Uttarakhand tunnel collapse: New drill machine brings hope to trapped Indian workers
Rescuers are using an American-made drilling machine to reach 40 workers trapped in a tunnel for four days.
2023-11-16 14:57

Dutch insurer Aegon hikes capital generation target on US strength
Dutch Insurer Aegon raised its full-year capital generation forecast on Thursday, driven by a strong performance in the
2023-11-16 14:51

US, Philippine Defense Chiefs Slam China, Seek Greater Ties
The US and the Philippines’ top defense officials slammed Beijing’s recent moves in the South China Sea, as
2023-11-16 14:50

Oil prices slip on US crude build, China demand worries
By Stephanie Kelly and Andrew Hayley Oil prices fell on Thursday, extending losses from the previous session, as
2023-11-16 14:49

Court auction to sell Shimao land in Shenzhen fails again
HONG KONG A court auction to sell vast commercial land plots owned by defaulted Shimao Group in Shenzhen
2023-11-16 14:48

APEC Latest: Xi Says China Will Not Fight Hot or Cold War
President Xi Jinping said China wants to be friends with the US and said his nation won’t fight
2023-11-16 14:26

Siemens Sees Slower Revenue Growth With China in Recovery Mode
Siemens AG expects a slowdown in revenue growth for fiscal 2024 with demand for factory automation products in
2023-11-16 14:23

Israeli Inflation Slowdown Intact as War Rattles Consumption
Israel’s inflation slowed for a second straight month, defying some earlier predictions of a price surge because of
2023-11-16 14:22

Watchdog files complaint against Elon Musk’s X for running ‘hundreds of unlabelled ads’
A US watchdog has filed a compliant against Elon Musk’s X – previously Twitter – calling for an investigation over the platform’s advertising practices, including the alleged non-disclosure of some posts as ads. The non-profit organisation Check My Ads filed the complaint with the US Federal Trade Commission about the lack of labeling of some posts as ads, arguing that such content on the platform could mislead users. “This misrepresentation tricks users into trusting content as organic and exacerbates the opportunity for scams to occur,” the complaint noted. “Furthermore, by failing to adequately disclose advertisements, X Corp. misrepresents the methods employed to target users or facilitate third-party ad targeting,” it said. After initially spotting instances of adverts on X not being labelled, the watchdog called out users on the microblogging platform in September to flag more such instances they spot. In the following weeks, it gatherd information on “hundreds of unlabelled ads” from several users to build a case to the FTC, demanding X to be investigated. “Not marking ads is no small thing. As the complaint points out, unlabeled ads could trick users into thinking content is organic, increasing the chance for scams,” Check My Ads explained in a blog post. With unlabelled ads on social media platforms, people also have no way to know they are being targetted. While X is set up to explain why any user is seeing a particular ad with a hyperlink, the watchdog found that these links are “frequently broken”. “X Corp.’s lack of disclosures to consumers, misrepresentations to advertisers, and flawed access to explanations about targeted advertising constitute unfair and deceptive practices,“ Check My Ads’ policy director Sarah Kay Wiley said. “We urge the Commission to determine the extent of these violations and address them to the full extent of its authority,” Ms Wiley said. X did not immediately respond to The Independent’s request for comment. The complaint comes as X countinues different approaches, including new paid for services, to shore up more revenue, which is down 60 per cent since Mr Musk took over the company. While once advert posts had the word “promoted” below them, they now are seen with a smaller “ad” label, which do not seem to appear on some posts as the complaint mentions. Users have also complained on the platform that they are sometimes even unable to block or report some unlabeled ads. Read More Elon Musk’s new AI bot will help you make cocaine which proves it’s ‘rebellious’ How Elon Musk’s ‘spicy’ Grok compares to ‘woke’ ChatGPT Elon Musk unveils new sarcasm-loving AI chatbot for premium X subscribers VR tool aims to help rail passengers spot and safely tackle sexual harassment WhatsApp warning over fee to keep old messages ChatGPT Plus stops signups after major update
2023-11-16 14:19