Economy

2023-07-08 19:16:21

Creator of an account that tracks Elon Musk’s private jet joins Threads

Jack Sweeney, who created an account that tracks billionaire Elon Musk’s private jet, has joined Mark Zuckerberg’s Threads platform following his Twitter account was suspended last year.

“Illongate has come to Threads!” Sweeney said, in his first post on Twitter’s rival Threads platform, on Thursday. And the number of followers of Sweeney’s account on “Threads” reached more than 21 thousand, as of Saturday morning.

The Elongate account tracks the movements of Elon Musk’s private jet using data available in the public domain.

Musk’s Twitter company suspended his Elongate account in December, and the billionaire threatened legal action once morest the account’s operator, following he said a “crazy stalker” had mistakenly tracked his son.

Musk commented on Twitter, today, Saturday, saying: “The Threads app is just Instagram without pictures, which makes no sense, given that pictures are the main reason people use this app.”

Millions of users joined Meta-owned Threads within hours, including prominent personalities such as Kim Kardashian, Jennifer Lopez and Democratic Representative Alexandria Ocasio-Cortez.

The Threads platform seeks to take advantage of the weak state of “Twitter”, following a series of chaotic decisions taken by Musk.

(Archyde.com)

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#Elon #Musks #plane #tracker #joins #Threads

2023-07-07 17:29:53

The regulator has imposed heavy fines on Tencent and Ant Group, which each own a popular payment system, suggesting the end of a tightening of the screws on tech.

The regulator imposed heavy fines on Friday in China for digital giants Tencent and Ant Group, which each have a popular payment system, suggesting the end of a turn of the screw targeting tech.

The authorities had taken a very dim view that two private groups, which largely dominate payment systems in China, might have such a weight in the financial system, and are not subject to banking regulations.

Ant Group is the owner of Alipay, a popular phone payment system in China, where cash is now used very little. The company also offers financial services.

Its main competitor is WeChat Pay, owned by internet and video game giant Tencent.

Ant Group is fined 7.1 billion yuan (around 900 million euros), the regulator announced on Friday.

The decision was taken “in view of illegal and regular acts committed by Ant Group (…) in recent years” particularly in banking and consumer protection, writes the regulator.

“We will respect the sanction”, immediately reacted Ant Group in a press release.

“Under the guidance of financial regulators, Ant Group has proactively led a rectification of its problematic businesses,” the company added.

“Issues rectified”

Its competitor Tencent will have to pay it nearly 3 billion yuan (around 379 million euros) for violations, the regulator also announced.

“Most of the outstanding issues in the finance business [des entreprises du numérique] are now rectified”, he welcomed, suggesting the end of the vast recovery in hand in China in the technological sector.

The turn of the screw aimed at tech has caused this dynamic sector to lose billions of dollars in market capitalization in recent years.

Ant Group, which was then owned by e-commerce giant Alibaba, was the first company to suffer the punishment of the authorities at the end of 2020.

They had stopped at the last minute what should have become the biggest fundraiser in history ($34 billion).

The following month, Alibaba was investigated for impeding competition, then sentenced to a heavy fine (2.3 billion euros).

These measures had marked the beginning of a brutal tightening of regulations in the technology sector, which had severely penalized the profitability of the digital giants.

End of turbulence

The power has since been intransigent once morest digital companies, in particular on issues of collection and protection of personal data, anti-competitive practices but also fundraising abroad.

In 2021, Didi, the “Chinese Uber” was thus sentenced by the regulator to a fine of around 1.2 billion euros, in particular for offenses relating to personal data.

The company, champion in China of the reservation of cars with driver, had maintained in 2021 a fundraiser in New York, despite the reluctance of the Chinese authorities in a context of geopolitical tensions with the United States.

This stubbornness had provoked the dissatisfaction of Beijing, which feared in particular a transfer of sensitive data to American soil.

The sanctions unveiled on Friday mark the end of several years of turmoil in the technology sector.

Alibaba shares ended Friday up more than 3% on the Hong Kong Stock Exchange, anticipating an imminent announcement from the regulator. In New York, following the decision of the Chinese authorities, it took 5.59% at the start of the session on Wall Street, the market seeing the end of the uncertainty weighing on this company.

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#China #tech #giants #mend

2023-07-08 21:50:12

Sunday 09 July 2023 | 12:47 am

We publish the price of gold, the beginning of trading today, Sunday, July 9, 2023, following the gold price recorded a significant decrease during Saturday’s trading, and the price of 21 carat gold, the most traded among citizens, reached 2175 pounds.

In the interest of the “Al-Aqaria” website and newspaper to provide comprehensive service news to its readers, we publish to you the price of gold now without workmanship during Sunday’s trading.

The price of gold today, Sunday

24 karat gold price

The price of 24 karat gold recorded 2485.75 pounds for sale, 2468.5 pounds for purchase

22 karat gold price

The price of 22 carat gold recorded regarding 2278.5 pounds for sale, and 2262.75 pounds for purchase.

21 karat gold price

The price of 21 karat gold recorded regarding 2175 pounds for sale, 2160 pounds for purchase.

18 karat gold price

The price of 18 karat gold recorded regarding 1864.25 pounds for sale, and 1851.5 for buying.

The price of the gold pound

The price of the gold pound recorded regarding 17,400 for sale, and 17,320 pounds for purchase.

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#resounding #decline. #price #gold #today #Sunday #surprise #price #karat