Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
The report, published Tuesday, said a state regulator should ensure tech firms are taking steps to help users identify trustworthy, reliable news on their platforms. It said the regulator would require companies like Facebook and Google to build on initiatives they have already established to weed out fake content.
"This task is too important to leave entirely to the judgment of commercial entities," the report said.
Online sites like Facebook, Twitter and YouTube have been under fire for allowing fake content to spread on their platforms. The companies have been investing in security measures to eliminate false accounts and misinformation, but the U.K. government report said these efforts should be enforced by a government agency. It also said they should sign a "code of conduct" to govern their commercial agreements with publishers.
"The experience of the last decade has shown that it is perfectly possible for social media platforms to be immensely profitable while simultaneously carrying a large quantity of fake news," it said.
British Prime Minster Theresa May commissioned the report in 2018 to investigate the "sustainability of the production and distribution of high-quality journalism." The independent review included contributions from publishers, advertisers, journalists, academics and industry groups.
The U.K. report's findings could add weight to the case for further regulation of tech companies in Britain and across Europe. The recommendations in the report are non-binding and will now be considered by the U.K. government.
The report called on the U.K.'s competition authority to investigate the online advertising industry to "ensure fair competition." Google and Facebook accounted for an estimated 54 percent of online advertising revenue in the U.K. in 2017.
"The government must take steps to ensure the position of Google and Facebook does not do undue harm to publishers," the report said.
Last week Germany's antitrust watchdog ruled Facebook had abused its market dominance in how it collects and merges user data. The authority said Facebook cannot combine data from separate apps like Instagram and WhatsApp without users' consent. Facebook said it is appealing the decision.
Legal experts say antitrust authorities in Europe may be well-placed to lead the charge against tech companies in the region.
"Competition agencies are often more experienced and better resourced than data protection agencies and hence in a better position to successfully build the case against a big company like Facebook," said Anu Bradford, a professor and director of the European Legal Studies Center at Columbia Law School, in an email to CNBC last week.
The European Commission, the executive arm of the EU, is currently investigating Google for antitrust violations in its advertising business. The Commission has already levied two record fines on the company for abusing antitrust rules with its Android devices and its comparison shopping service.