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Facebook to pay $650 M over US privacy dispute

Social media giant was sued for illegally collecting biometric data to identify faces, violating a 2008 Illinois privacy law WASHINGTON A US federal judge has given final approval to Facebook’s $650 million payment to settle a privacy dispute between the social media giant and 1.6 million users in the state of Illinois. Last week, TikTok’s Chinese parent company ByteDance agreed to pay $92 million in a settlement to US users who were part of a class-action lawsuit alleging that the video-sharing app failed to get their consent to collect data in violation of the strict Illinois privacy law. “We are pleased to have reached a settlement so we can move past this matter, which is in the best interest of our community and our shareholders,” a Facebook spokesperson said in a statement. The decision was issued on Friday, according to documents. Chicago attorney Jay Edelson sued Facebook in 2015, alleging it illegally collected biometric data to identify faces in ... » Learn More about Facebook to pay $650 M over US privacy dispute

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Fears for children’s privacy as Delhi schools install facial recognition

March 2 (Thomson Foundation) - Facial recognition technologies installed in at least a dozen government-funded schools in Delhi are an "overreach" by Indian authorities and an invasion of children's privacy , digital rights advocates said on Tuesday. The move to introduce facial recognition technology follows a 2019 decision by the Delhi city government to mount closed circuit television (CCTV) cameras in more than 700 public schools to ensure the safety of students. The facial recognition systems are being installed without laws to regulate the collection and use of data, which is particularly worrying for children, said Anushka Jain, an associate counsel at Internet Freedom Foundation, a digital rights group that became aware of the rollout last week. "CCTV is already a violation of children's privacy, even though some parents had supported it for the safety of their children ... but the use of facial recognition technology is an overreach and is completely ... » Learn More about Fears for children’s privacy as Delhi schools install facial recognition

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About 50 lakh registrations on Co-WIN portal since Monday, no glitch in system: Govt

For Quick Alerts Subscribe Now India - 11,124,527 | World - 114,989,641 View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Corona Vaccine VIP culture not acceptable: Karnataka Minister takes vaccine at home, Centre seeks report #Corona Vaccine Coronavirus cases: India reports 12,286 new COVID-19 cases, 91 deaths in past 24 hours #Corona Vaccine Union health minister Harsh Vardhan, wife receive COVID-19 vaccine in Delhi #Corona Vaccine Take the shot: BJP suggests to its ministers, leader #Corona Vaccine SC judges to get jab today, no choice between vaccines #Corona Vaccine Chinese hackers targeted Indian vaccine makers Serum Institute, Bharat Biotech: Report Just In 5 min ago Gujarat Panchayat Election Results 2021: Gujarat firmly with BJP's development agenda, says PM Modi 48 min ago ESIC Recruitment 2021: Apply for 6,552 ... » Learn More about About 50 lakh registrations on Co-WIN portal since Monday, no glitch in system: Govt

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Immunity-boosting products gain in popularity

Young people buying high-quality healthcare, cosmetic goods to avoid work fatigue and keep COVID-19 blues at bay Liver-rejuvenating tablets, multivitamins, grape seeds, collagen, lutein and lycopene tablets are all familiar fare to Li Yunxi, a product manager at a Beijing-based internet company, who took them all recently after working late into the wee hours. After ingesting all the tablets, the 27-year-old woman fought off drowsiness and carefully applied eye cream from La Mer, priced at 1,800 yuan ($278) for 15 milliliters, around her tired eyes before finally hitting the hay. "Taking healthcare and cosmetics products seemed to be the easiest way for me to maintain my health and beauty. When I have to stay up late to work, they make me feel that it is an effective remedy," she said. Li is part of a growing group of young Chinese consumers-most of whom were born between 1991 and 1995 and are now staring the 30-year-old milestone in the face-willing to spend a lot of money on ... » Learn More about Immunity-boosting products gain in popularity

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Mobile sector senses big growth opportunities in China

Sun Juanjuan, a white-collar worker in Shanghai, had been using an iPhone X for more than three years before buying an iPhone 12 immediately after Apple Inc unveiled its first smartphones with 5G connectivity in October. "I have been waiting for Apple's 5G smartphone for a long time. When the iPhone 12 was unveiled, I decided to buy one immediately. I love the green color so much," Sun said. Consumers like Sun are pushing sales of Apple to new highs in China. The United States tech giant raked in its highest ever revenue in China in the fourth quarter, driven by the popularity of its iPhone 12 series. Apple said its China revenue came in at $21.31 billion in the three months ended Dec 26, up 57 percent from a year earlier. Apple CEO Tim Cook attributed the strong performance to "more than an iPhone story", adding that its other products also contributed a lot, but he also highlighted that the iPhone 12 was crucial in fueling phone upgrades. "China had a record number of ... » Learn More about Mobile sector senses big growth opportunities in China

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E-learning set to ‘take a big leap forward’

Study-from-home routines spark demand for quality education online Time was ticking, the day's deadline was just an hour away, but Tang Zhumei, an accountant and a 39-year-old mother from Beijing, suddenly stopped auditing dozens of financial statements that piled up on her desktop. Upon receiving a pop-up notification, she reached for her smartphone and, in a jiffy, bought an online English-language course for her 11-year-old daughter. The 60-session course set her back by 9,000 yuan ($1,389), paid via WeChat Pay, but Tang said she believes it's worth every fen of the money spent. In China, online consumption as part of the national consumption upgrade can take many forms. Top-quality education is par for the COVID-19-era online shopping course as study-from-home regimen is part of the new normal. And parents tend to vie for the best e-learning programs for their children, which are considered few and far between. Demand outstrips supply, and market forces could send prices ... » Learn More about E-learning set to ‘take a big leap forward’

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NPL disposal likely to increase this year: Banking chairman

China will keep disposing of non-performing loans this year to keep financial risks under control after a fast expansion of credit to mitigate the impact of the coronavirus pandemic, according to the chairman of China's banking and insurance regulatory body on Tuesday. "We have not yet figured out a specific target, and we are talking with commercial banks, waiting for their assessments on their own performance," Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at a press conference. The amount of NPLs to be disposed of this year is likely to increase, and the growth may continue in 2022. "But we have confidence in disposing the NPLs in a good manner," said Guo. In 2020, China disposed a total of 3.02 trillion yuan ($466.6 billion), with banks' lending increased at a faster rate above 12 percent, according to data provided by the CBIRC. China didn't adopt an excessively loose monetary policy last year to hedge risks of the COVID-19 pandemic. ... » Learn More about NPL disposal likely to increase this year: Banking chairman

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5G to see wider industrial applications

As China steps up 5G rollout amid the COVID-19 pandemic, the superfast wireless technology is expected to be applied in a greater variety of sectors, with the manufacturing, healthcare, entertainment and automotive sectors likely to see the highest impact in the near-term, according to a new report by international professional services firm EY. The report, titled Unlocking Business Model Innovation with 5G, said the vertical industries are increasingly concerned about the real-time service-oriented function of 5G to transform business operations, unleash innovation and disrupt competition. Steve Lo, EY Asia-Pacific chief innovation officer, said, "As China has stepped up its 5G network build-out during the pandemic, a highly dynamic environment was created. Selected sectors such as healthcare and education have catalyzed the commercial use of 5G applications to combat the pandemic." "The top-priority status given by the new government strategy on new infrastructure is set to ... » Learn More about 5G to see wider industrial applications

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Protecting world through Chinese vaccines

Surging export orders show China's pharma products are trusted overseas At Sinovac Biotech Ltd's base in Daxing district of Beijing, employees are busy manufacturing CoronaVac, the inactivated COVID-19 vaccine, in bulk. From cell culture to packaging, a jab can be produced in just 48 days. Now the company churns out about 400,000 doses a day. "The yearly output of our first production line has reached 500 million doses. Our second production line started operations this month, enabling the company to attain capacity to produce 1 billion doses of vaccine every year," said Yin Weidong, chairman of Nasdaq-listed Sinovac. He said: "Ever since our first production line started operations in August, the machines ran almost 24 hours a day. Our employees worked round the clock in three shifts to meet the surging demand for vaccine." Currently, while ensuring adequate supplies of vaccine for the domestic market, the company is exporting some quantities to countries like Brazil, ... » Learn More about Protecting world through Chinese vaccines

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Thousands of healthcare workers die of COVID-19 in US: report

NEW YORK - Nearly a year into the life-altering COVID-19 pandemic, the United States is about to surpass the line of 500,000 deaths and the fatalities of healthcare workers were already measured in thousands, reported USA Today on Sunday. The Centers for Disease Control and Prevention (CDC) has recorded nearly 409,000 coronavirus cases and 1,438 deaths among healthcare personnel nationwide, but the agency acknowledges its data is incomplete. A report in late December by Kaiser Health News and The Guardian said the number of healthcare fatalities was close to 3,000. "They have been working endless hours amid constant death and suffering, forsaking time off and exposing themselves to the disease, leaving them exhausted and with no real indication of when the pandemic will relent," said the paper. "The toil has taken a toll." Many Americans are fed up with wearing masks, desperate for a return to normalcy and numb to the relentless stream of grim numbers, but healthcare workers ... » Learn More about Thousands of healthcare workers die of COVID-19 in US: report

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