Türkiye battles multiple wildfires, hundreds evacuated
Türkiye continues battling large-scale forest fires across multiple provinces, with hundreds evacuated and extensive firefighting efforts underway since June 27.
The European Commission has warned Meta that it may face daily fines starting 27 June if its modified pay-or-consent advertising model fails to meet EU antitrust requirements under the Digital Markets Act.
Meta Platforms may be hit with daily fines if recent changes to its controversial pay-or-consent model are found to be insufficient under EU competition law, the European Commission warned on Friday.
The warning follows a €200 million ($234 million) fine issued in April for Meta’s previous violations of the EU’s Digital Markets Act (DMA), which aims to rein in the power of major tech companies.
Meta introduced its ad-based user choice model in November 2023, giving Facebook and Instagram users the option to either use the platforms for free while consenting to tracking, or pay for an ad-free experience. The EU determined that this original model breached the DMA between its launch and November 2024, when Meta implemented minor changes to reduce the use of personal data.
However, the European Commission said Meta’s recent modifications appear limited and may still fall short of full compliance.
"The Commission cannot confirm at this stage if these are sufficient to comply with the main parameters of compliance outlined in its non-compliance decision," a spokesperson stated.
The Commission added that it is considering next steps, including imposing periodic penalty payments starting 27 June, if Meta continues to fall short. These daily fines could reach up to 5% of the company’s average daily global turnover.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
Business Secretary Jonathan Reynolds will hold talks with Lotus after the carmaker moved to ease concerns over the future of its UK factory.
A notorious hacking group known as “Scattered Spider” has breached the networks of several airlines in the US and Canada this month, according to the FBI and cybersecurity experts.
The US stock market closed at record highs Friday, with both the S&P 500 and Nasdaq rebounding from late-session losses triggered by trade tensions with Canada.
Nike plans to reduce its reliance on China for U.S.-bound products to offset the financial blow from President Donald Trump’s new tariffs, as the sportswear giant posted better-than-expected fourth-quarter results and a milder revenue forecast.
Nike is stepping back from China-based production for its U.S. market to dodge tariff-related costs, aiming to shift its sourcing strategy by 2026.
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