IMF approves $500 million for Ukraine, warns of 'exceptionally high' risks
The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its ei...
The Federal Trade Commission (FTC) has removed all business blog posts dating from President Joe Biden’s term from its online publication, erasing more than 300 entries that once offered companies guidance on complying with consumer-protection regulations.
The blog, which covered topics ranging from artificial intelligence to big tech data practices, now shows no content published between December 21, 2020, and March 7, 2025.
Several current and former FTC officials, speaking anonymously to Wired out of fear of retaliation, described the move as an effort to “erase” past compliance expectations from history. “In terms of the message to industry on what our compliance expectations were, which is in some ways the most important part of enforcement action, they are trying to just erase those from history,” one source said.
The decision comes under the leadership of Andrew Ferguson, President Donald Trump’s nominee who now heads the FTC. At the time of his appointment, Ferguson vowed to “end Big Tech's vendetta against competition and free speech.” Critics have pointed out the irony of the current action, as Ferguson and other Republicans have previously claimed that many platforms are censoring right-wing content.
Another source told Wired, “They are talking a big game on censorship. But at the end of the day, the thing that really hits these companies' bottom line is what data they can collect, how they can use that data, whether they can train their AI models on that data, and if this administration is planning to take the foot off the gas there while stepping up its work on censorship.”
The erasure of the Biden-era guidance has raised questions about the FTC’s current priorities, with industry watchers and former officials suggesting that the move may signal a shift toward a more politically driven enforcement agenda. As the debate over censorship and data usage continues to intensify, the FTC’s actions are likely to fuel further scrutiny of its evolving role in regulating consumer protection and competition in the tech sector.
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.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
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.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Gold prices edged higher on Monday after slipping to their lowest level in more than a month, supported by a weakening U.S. dollar and easing geopolitical tensions that have tempered safe-haven demand.
The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.
Polish refiner Orlen will not buy Russian oil for its Czech refinery after 30 June, Chief Executive Ireneusz Fafara said on Monday. "We freed Central Europe from Russian oil today," Fafara stated.
Starting today, British car and aerospace manufacturers will benefit from significant tariff reductions when exporting to the United States, thanks to the implementation of a landmark UK-US trade agreement. This move is expected to safeguard thousands of jobs in the United Kingdom.
Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.
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