Economy

Facebook ‘Supreme Court’ Empowered to Demand More Censorship

The Facebook oversight board, commonly known as the “Facebook supreme court,” which was established by the social network as a quasi-independent body to hear appeals on Facebook’s decision to censor or ban content, has now been empowered to demand more censorship from Mark Zuckerberg’s platform.

Mark Zuckerberg Facebook creepy smile

Consumer Prices Jump 0.6% in March, Biggest Gain Since 2012

WASHINGTON (AP) — U.S. consumer prices increased a sharp 0.6% in March, the biggest uptick since 2012, while inflation over the past year jumped 2.6%. The big gains had been anticipated and are largely expected to be a temporary blip rather than a reawakening of long dormant inflation.

In this March 25, 2021 file photo, shoppers look at items in Bed, Bath and Beyond, in New York. U.S. consumer prices increased a sharp 0.6% in March, the biggest increase since 2012, while inflation over the past year rose a sizable 2.6%. The big gains were expected to be …

China Imposes Record Fine on Alibaba

Chinese regulators hit e-commerce giant Alibaba with a staggering $2.78 billion fine for alleged antitrust violations Saturday, seizing about four percent of the company’s annual revenue with the largest corporate penalty the Chinese government has ever assessed.

SEATTLE, WA - SEPTEMBER 23: Jack Ma, CEO of Alibaba listens as Chinese President Xi Jinping speaks at a U.S.-China business roundtable, comprised of U.S. and Chinese CEOs on September 23, 2015, in Seattle, Washington. The Paulson Institute, in partnership with the China Council for the Promotion of International Trade, …