Google gave the Home Office in the UK "super flagger" access to YouTube, allowing them to screen content that they feel are a national security threat, the Financial Times reported.
Legal & Regulatory
PayPal makes changes to rules related to crowdfunding
In an effort to iron out the differences they have with the crowdfunding community, payments platform PayPal has implemented changes on their crowdfunding policies, VentureBeat reported.
China said to stop Tencent and Alibaba from offering virtual credit cards
The People's Bank of China has blocked Tencent Holdings Ltd and Alibaba Group from offering customers with virtual credit cards, according to a source interviewed by Bloomberg News.
US-based on-demand transportation startup Lyft expands insurance coverage
San Francisco, US-based on-demand transportation startup Lyft announced that it will add more coverage to its ride insurance to include the time that drivers are not actively driving passengers.
China closes popular WeChat accounts
Dozens of popular accounts of WeChat, the social messaging app of Tencent Holdings Ltd, were closed by Chinese authorities, Reuters reported citing Chinese media reports.
Latest News
Tim Berners-Lee, the Father of Web, has called for an online Magna Carta that will safeguard the openness, independence and neutrality of the Internet, TechCrunch reoprted.
New Jersey has joined Arizona and Texas in preventing consumers from buying cars directly from electric car maker Tesla after the New Jersey Motor Vehicle Commission passed a rule on the matter, TechCrunch reported.
China's regulators have already given their assent for the creation of an international trading center in the free trade zone in Shanghai, Reuters reported citing the bourse's Chairman Gui Minjie.
If India's competition regulator finds Google guilty of abusing its dominant position in search in the country, it could face a fine up to $5 billion in penalties, TechCrunch reported.
The Federal Aviation Administration has filed an appeal to the decision of NTSB Adminstrative Law Judge Patrick Geraghty who ruled that the use of commercial drones was legal, TechCrunch reported.
Jesse Litvak, a former Jefferies & Co Managing Director, was convicted of defrauding buyers in a criminal case connected to the US government's Troubled Asset Relief Program, Bloomberg reported.
The loan-based crowdfuning sector of the UK will be subject to stricter regulations by the UK's Financial Conduct Authority to safeguard the interests of investors and make it more transparent, the Yorkshire Post reported.
The prime minister of Turkey, Recep Tayyip Erdogan, is planning to pass a law that will ban Facebook and YouTube in the country after recordings revealing his group's alleged corruption went viral on the Internet.
In the absence of rules that banned the use of commercial drones, Federal Judge Patrick Geraghty has ruled that these low-flying aircraft can be used for business purposes, TechCrunch reported.
