NEW DELHI: The government on Friday issued notices to Flipkart, Amazon and other e-commerce companies for not mandatorily displaying information, including country of origin , on products sold on their platforms.The notices have been issued by the department of consumer affairs, ministry of consumer affairs , food and public distribution.Apart from Amazon and Flipkart, notices have also been sent to other e-commerce players, sources said.The companies have been asked to reply to the notices within 15 days.
"It has been brought into notice that some of the e-commerce entities are not displaying the mandatory declaration on digital platforms required under the Legal Metrology (Packaged Commodities) Rules, 2011," said one of the similarly worded notices.According to the notices sent to Flipkart India Pvt Ltd and Amazon Development Centre India Pvt Ltd, they are e-commerce entities and therefore, have to ensure that all mandatory declarations should be displayed on the digital and electronic network used for ecommerce transactions.The two companies, as per the notices, have not provided the mandatory declaration and contravene the Act.
Nuveen Asset Management LLC now owns 324,340 shares of the real estate investment trust’s stock worth $10,181,000 after buying an additional 16,826 shares in the last quarter.
Legal & General Group Plc now owns 681,930 shares of the real estate investment trust’s stock worth $21,406,000 after buying an additional 440,088 shares in the last quarter.
Swiss National Bank now owns 150,322 shares of the real estate investment trust’s stock worth $5,717,000 after buying an additional 19,900 shares in the last quarter.
Nisa Investment Advisors LLC now owns 71,169 shares of the real estate investment trust’s stock worth $2,707,000 after buying an additional 19,041 shares in the last quarter.
Royal Bank of Canada raised shares of Potlatchdeltic from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $40.00 to $45.00 in a report on Friday, July 10th.
Policy Moves What we're reading With eye on election and beyond, marijuana industry spends millions on lobbying (Marijuana Business Daily) Weedfluencers: Rise in cannabis influencers leads to industry distrust (East Bay Express) Who are 2020's top marijuana legalization campaign donors?
Michigan cannabis company Gage Cannabis launched a Reg A+ offering, seeking to raise $50 million before an official IPO process.
The cannabis farm management software company closed a $3.1 million seed round, led by 7Thirty Capital.
Happy Friday readers, With under three weeks to go until the election and (Zoom) conference season in full swing — not to mention, a batch of earnings this week and next — it's a been a busy time for us here on BI's cannabis team.
We've got all the data (Leafly) Cannabis companies, betting on a Biden win, ready IPOs (Reuters) The buzz-making, hangover-free promise of weed drinks (Esquire)
Barrick Gold (GOLD ) CEO Mark Bristow says the company is a "long way off" reaching agreement with Papua New Guinea about the disputed Porgera gold mine.
"We're very clear about our rights and the importance that Porgera offers to that part of Papua New Guinea."
The comments come as PNG Prime Minister Marape said the Barrick venture with China's Zijin Mining (OTCPK:ZIJMF) was set to remain operator of the mine after talks in Port Moresby, but the PNG government would hold a majority stake in the mine under a new agreement.
Prime Minister Marape in April refused to extend the venture's expired mining lease; Barrick then mounted legal challenges and closed the mine in a year when spot gold prices have hit all-time highs.
Barrick Gold "will soon break out again, as the fundamentals are resoundingly bullish," The Gold Edge writes in a bullish analysis of the company just posted on Seeking Alpha.
Since Oct. 8, young Nigerians have been converging in several cities across the country in larger and larger numbers protesting against rampant police brutality, particularly by an infamous special anti-robbery unit that has become known for extorting, illegal arresting, and in extreme cases, killing innocent civilians.
The Lekki toll gate, a key transit point in Lagos’ business district, has been virtually shut down this week resulting in major traffic jams and somewhat paralyzing a key part of Lagos’ economy.
The international airport in Lagos has also been a target as young protesters have taken to blocking off the main access tolls to the airport and hobbling international travel.
Nigeria’s police leadership has disbanded the rogue SARS unit in a bid to pacify protesters.
In Lagos, the state governor has announced four policemen will face trials for beating up protesters while in Anambra, in Nigeria’s east, the governor has sacked and announced plans to prosecute a top security aide who infamously ran one of the state’s SARS units.
Pai received plaudits from FCC Commissioner Brendan Carr, who called for the FCC to "do our part to rein in Big Tech."
Pai said the FCC's general counsel had informed him that the agency has the legal authority to issue regulations interpreting Section 230.
In a tweet , FCC Chairman Ajit Pai indicated he will move forward with a rulemaking to "clarify" Section 230 of the Communications Act of 1934, which currently acts as a legal shield for tech companies' handling of user generated content.
(CNN Business) The Federal Communications Commission (FCC) will draft regulations intended for social media companies following a petition earlier this year by the Trump administration, the agency's chairman said Thursday.
In 2015, Pai, then an FCC commissioner, voted to oppose the FCC's net neutrality rules for internet service providers (ISPs) which he called an example of government overreach that would replace "freedom with government control."
A spokesman for the two former CEOs, brothers Prasanth and Promoth Manghat, rejected Shetty’s allegations, saying he had significant control over the running of NMC after stepping aside as CEO in 2017 and that he or his family remained on the boards of companies including Finablr.
Shetty’s 55-page complaint, a copy of which was seen by Reuters, accuses the former chief executives of NMC and Finablr, along with their associates and bankers, of inflating the companies’ balance sheets, arranging “illegal” credit facilities and misappropriating funds since 2012.
Several companies linked to Shetty, including top United Arab Emirates hospital operator NMC Health PLC and payments firm Finablr PLC, have come under severe financial strain this year after short-seller Muddy Waters questioned NMC’s financials.
Indian entrepreneur BR Shetty has filed a complaint with federal investigative agencies in India seeking a probe into two former top executives of his companies and two Indian banks related to a multibillion dollar financial scandal engulfing his group.
Shetty, now in India and himself facing a criminal complaint in Abu Dhabi, is fighting court cases in India and Dubai as banks seek to recover loans from his companies.
Related: 5 Legal Deductions for Entrepreneurs With the New Tax Law's "Consumption" Approach According to The New York Times, President Trump filed a refund claim and was able to carryback losses from his golf courses to tax years when he was making a lot of money from The Apprentice.
In addition, tax laws don’t make you take 40 years to fully depreciate real estate.
When this happens in business, the tax law is written to provide the investor the full deduction amount while the bank receives none.
The tax law is written to benefit producers like business owners and investors because those specific activities spur economic growth.
Tax credits lower the amount of money you owe the IRS, and the real estate industry provides a few different credits to investors.
Loading Mr Demetriou told the inquiry, which has the same powers as a royal commission, the email was expressing his concerns at the time about Crown failing to strike the right balance between focusing on legal compliance and working on strategies to increase returns.
The NSW inquiry is considering whether Crown should keep the licence to its new Sydney casino and was launched in response to revelations by The Age, The Sydney Morning Herald and 60 Minutes about Crown's dealings with "junket" tours operators linked to criminal syndicates and failures to prevent money laundering at its Melbourne and Sydney casinos.
Despite holding that earlier view, Mr Demetriou conceded to the inquiry on Monday that Crown did not have a "robust" process in place to check its "junket" partners for criminal links and had failed to take money laundering risks seriously enough.
Mr Demetriou also rejected the suggestion that Crown "turned a blind eye" to money laundering in regards to two shell companies the casino set up and used to open patron deposit bank accounts.
Mr Demetriou said the he joined Crown's board in 2015 on Mr Packer's invitation and has since been appointed chair of Crown's risk management committee.
Helsinki, Finland has utilized COVID-19 sniffing dogs to detect the virus in travellers to astounding success.
Helsinki has been deploying dogs that can detect infected COVID-19 passengers in their international airport.
The dogs were rotating on a schedule with four performing the tests and could detect infection even before the person had shown symptoms or knew they were ill.
Re-training (or training new dogs) could involve less cost, time, and accommodation than United’s new pre-flight rapid test model.
There appears to be a better solution and while we trust the dogs to sniff out stacks of illegal bills or drugs hiding in suitcases, COVID-19 tests might be a step that airports or airlines aren’t willing to take.
'Novel' is a dirty word in antitrust" In some places, the House report compares Big Tech to the railroad and telephone tycoons of yore.
The report — published Tuesday by Democrats leading the House Judiciary Committee's antitrust panel after a 16-month investigation into Big Tech — catalogs several cases of tech companies wielding an advantage in data against their rivals, along with legislative recommendations to address the industry's "monopoly power."
Tech giants have maintained their monopoly position, the report finds, by using the vast amounts of data they've gathered on consumers and other businesses in order to muscle out rivals, gain an advantage in new product markets and reduce innovation by others.
(CNN) The biggest finding from this week's House antitrust report on Big Tech isn't that Amazon, Apple, Google and Facebook are monopolies.
And the House report tries to describe Big Tech's data practices as another example of the type of illegal behavior courts have ruled against for decades.
From Amazon’s quest to dominate shipping and internet infrastructure to Google’s attempts to create a “ecosystem of interlocking monopolies” in search and advertising, the 400-plus page report, crafted by the Democratic members of the House Judiciary Subcommittee on Antitrust, details how yesterday’s pesky upstarts have become today’s anti-competitive giants.
The report also notes how tech giants like Facebook and Google frequently buy innovative new companies to stifle their potential threat to their business empires.
The report goes on to note how Facebook’s “copy, acquire, kill” strategy was used to “neutralize nascent competitive threats” to the giant’s existing platforms.
“Facebook is an American success story,” the company said in a statement.
But economists and experts say Facebook’s behavior was illegal all the same, made possible by a cash-compromised Congress, steadily-weakened antitrust enforcement, and “captured” regulators—resulting in a U.S. business environment where accountability is hard to come by.
There are also concerns around the use of AI in legal family cases more generally.
AI tools such as Amica and Adieu enable couples to resolve problems themselves and avoid the slow and expensive court process.
Advantages of legal AI tools Australia’s family law system is overburdened, resulting in long delays for families in the court system.
Adieu enables couples to achieve amicable financial and parenting agreements via its AI chatbot component “Lumi”, which can refer couples to mediators, counsellors, lawyers or financial advisers if required.
Amica demonstrates AI’s potential in solving legal problems in family disputes.
At the end of June, fashion blogger Nicole Ocran, 32, and influencer expert Kat Molesworth, 40, teamed up to launch The Creator Union (TCU), the UK’s first union for digital content creators.
Thanks to such coverage, many think of influencers as people who exploit others, not people who are themselves exploited.
TCU’s founders say influencers can be exploited in numerous ways: brands steal images, write legally unsound contracts, ignore invoices and coerce newbies into working for nothing.
“All of a sudden it was like, ‘Oh, we need you to take over our social media, we need you to do this, that’, when normally you’re largely ignored,” Ocran says, adding that many black influencers were asked to work for nothing during this time.
Duffy says that while the press focuses on “idealised influencers” (careerists and celebrities who get paid thousands to enjoy brunch), there are many more “aspiring influencers” who are struggling as they invest time, energy and money into building their personal brands.
Jennifer Rie, Senior Litigation Analyst For a full report click here While Epic isn’t seeking monetary damages, it’s asking for an order enjoining Apple’s rules and opening iOS devices to rival app distributors and payment systems, which could substantially curb App Store revenue, Rie said.
It’s Epic’s second setback in its lawsuit alleging that Apple runs its App Store as an illegal monopoly because developers are barred from making their iPhone and iPad apps available through their own websites.
A federal judge in Oakland, California, on Friday rejected Epic’s bid for a preliminary injunction that would have required Apple to reinstate the battle royale video game in the App Store -- and allowed Epic to use its own payment option.
Photographer: Andrew Harrer/Bloomberg Photographer: Andrew Harrer/Bloomberg Epic Games Inc. failed again to force Apple Inc. to put Fortnite back in its App Store while the game developer pursues its antitrust claims against the iPhone maker.
Behind the Apple Versus Fortnite App Store Battle: QuickTake U.S. District Judge Yvonne Gonzalez Rogers said in her ruling that she was unwilling to tilt the playing field in favor of either side because of the novelty and the magnitude of the issues raised in the lawsuit concerning competition in digital marketplaces.
Facebook is using its vast legal muscle to silence one of its most prominent critics.
The Real Facebook Oversight Board, a group established last month in response to the tech giant's failure to get its actual Oversight Board up and running before the presidential election, was forced offline on Wednesday night after Facebook wrote to the internet service provider demanding the group's website -- realfacebookoversight.org -- be taken offline.
Ms Loudon has been in recovery for two years and is holding down a job for the first time, adding that the program headed by Cocaine Anonymous, completely transformed her life.
It came to a head when by the age of 26, Ms Loudoun said her family and friends didn’t want to be around her anymore – and that’s when she realised she was running out of options.
RELATED: Mum who hid secret addiction for years While her journey to recovery was tough, Ms Loudoun said she had no other choice but to either live a life in jail or “destined to die”.
Ainsley Loudoun, 28, of Kilmarnock, Scotland, became addicted to illegal substances at the age of just 14, a time when she also tried to take her own life.She had suffered from depression and mental health issues and turned to alcohol to mask the pain.She describes the dark time in her life as “utter chaos” and led to Ms Loudoun developing a daily drug and alcohol habit.Now 12 years on she is a different person after attending regular meetings and embarking on a 12-step program.
In light of Mental Health Awareness Month, the 28-year-old said she wants people to know that there is a way out and there is a solution.
Court document/NPR Five suspended officials at the U.S. Agency for Global Media are suing the agency, its new CEO and several of his most senior aides, alleging they are breaking the law — routinely — in pursuing a pro-Trump agenda for the Voice of America news service.
In one example included in the lawsuit, Samuel Dewey, a senior adviser to Pack who has frequently tweeted praise for the president and criticism of Biden, asked the chief of Voice of America's Urdu service for detailed explanations of the network's coverage of the Black Lives Matter movement.
"The lawsuit we filed today seeks to vindicate core First Amendment principles that protect the independence and credibility of this country's publicly funded media organizations, like Voice of America, which are under siege by the current administration," Theodore J. Boutrous Jr., a First Amendment attorney leading the legal team that filed the suit, said in a statement to NPR.
According to the U.S. Agency for Global Media's own website, "the firewall prohibits interference by U.S. government officials, including the USAGM's Chief Executive Officer, in the objective, independent reporting of news by USAGM networks."
"In recent weeks," the lawsuit says, "Dewey asked Voice of America leadership to report to him which Voice of America journalists were working on every story being developed at the network — something he called a chain of custody."
So the company leaned on a longtime client from Thailand, Tipco Asphalt, to blunt the impact: in exchange for discounts on oil, Tipco would pay PDVSA’s bills and deduct the amounts from what it owed the Venezuelan oil giant, according to records obtained by The Associated Press.
“Tipco is a PDVSA client, not the Venezuelan central bank,” commented Jean-Pierre Pastor, Tipco’s legal representative in Venezuela, in an email to PDVSA.
At a time when Nicolás Maduro’s government is seen as a pariah in the west, the financial arrangement with Tipco has quietly allowed PDVSA to move hundreds of millions of dollars around the world, records show.
Tipco on Sept. 11 — four days after the AP sent it detailed questions — announced that it would stop purchasing crude from Venezuela to avoid being sanctioned by the U.S. Meanwhile CEO Chaiwat Srivalwat, in an email to AP, strenuously denied any wrongdoing.
Much like a third-party payment processor, Tipco wired several millions of dollars from its accounts at Thailand’s oldest bank to PDVSA’s clients around the world, documents show.