Instagram’s President Adam Mosseri Agrees to Testify Before Congress

Instagram’s head, Adam Mosseri, has agreed to testify before Congress for the first time as bipartisan anger harms youth from the app. Senator Richard Blumenthal, who will chair the trial, said Mr Mosseri is expected to appear before a Senate panel the week of December 6 as part of a series of hearings on protecting …

US agrees to lower tariffs to countries implementing digital services

WASHINGTON — United States had an agreement Austria, France, Italy, Spain and the UK on Thursday will end the threat of American tariffs on certain goods from these countries in exchange for the eventual removal of digital services taxes they have imposed on companies such as Facebook, Amazon and Google. The deal comes as more …

La Liga Agrees to Sell 3 Billion Shares to CVC Capital Partners

TOKYO — Spain’s top football league has agreed in principle to sell 10 percent of its business to CVC Capital Partners, a private equity firm, for around $3 billion, according to executives familiar with the deal. If approved by league clubs, the deal could help the league’s cash-strapped teams. Giants like FC Barcelona, repair their …

Zoom Agrees to Solve Case Over ‘Zoombombing’

Video conferencing company Zoom Video Communications, whose internet application has become a mainstay of American life during the coronavirus pandemic, has agreed to pay $85 million and improve its security practices to settle a lawsuit that it claims violated the privacy of its users. The lawsuit, filed in March 2020, shortly after the outbreak reached …

OPEC Plus Agrees to Increase Oil Production and End the Conflict

Major oil producers agreed on a production increase on Sunday. United Arab Emirates and Saudi Arabia settled a dispute this month that blocked a deal. Under the agreement, OPEC Plus, as the group is known, will increase production by 400,000 barrels per day indefinitely every month from August. The arrangement gives Emirates most of the …