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European Union threatens to shut down Twitter

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The European Union has threatened to shut down Twitter unless Elon Musk follows its guidelines for content moderation.

Musk was told that Twitter risked breaking the EU’s Digital Services Act, the law that establishes the global standard for how Big Tech must regulate content on the Internet.

The tech billionaire was advised of a number of requirements for the company to follow, including giving up the practice of restoring banned users in an arbitrary manner and combatting misinformation.

Under the law, Twitter may be subject to a ban across Europe or fine of up to six percent of worldwide revenue.

The EU Commissioner in charge of digital regulations, issued the news to Musk personally via video chat.

Meanwhile is the frosty relationship between Elon Musk and Apple over? Musk has tweeted this image saying:

Thanks Tim Cook for taking me around Apple’s beautiful HQ.

Musk has hit out at Apple this week after the tech giant removed ads from Twitter.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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A British digital currency “later this decade”

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The Bank of England and Britain’s finance ministry think the UK is likely to need to create a central bank digital currency later this decade.

“On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital pound will be needed in the future,” the Telegraph quoted BoE Governor Andrew Bailey and finance minister Jeremy Hunt as saying in the joint report.

“It is too early to commit to build the infrastructure for one, but we are convinced that further preparatory work is justified,” the Telegraph quoted the report saying.

The BoE declined to comment on the Telegraph article, but said a joint consultation on CBDC issues would be published shortly.

A government source said the report would be published next week.

BoE Deputy Governor Jon Cunliffe is due to give a speech on Tuesday to update the finance industry on the BoE’s CBDC work.

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Disney’s Drama

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What’s going on at Disney and why is the world’s largest entertainment company in trouble?

 
Dreams are a wish your heart makes, or at Disney, dreams are having a tough time of coming true.

After decades of turning children’s dreams into fantasies, the mouse-house is facing a crisis of leadership.

This Ticker Original looks at how the Walt Disney Company got here, and what happens next. #disney #bob iger

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The Tech Market Crash

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Since the Global Financial Crisis, tech companies have been riding high and making billions, so what happened?

 
It’s been a shocking year for tech companies. Riding high off the back of the pandemic, reality suddenly hit.

Across Silicon Valley, and spreading to Wall Street, the once darlings of the Nasdaq were suddenly hit hard.

So what happened, and where to from here?

This Ticker Original investigates. #snapchat #apple #tech stocks #nasdaq

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