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TikTok fined $600 million for sending EU data illegally to China

TikTok fined $600 million for sending EU data illegally to China

by AIP Online Bureau | May 5, 2025 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

“TikTok did not address potential access by Chinese authorities to EEA personal data under Chinese anti-terrorism, counter-espionage and other laws identified by TikTok as materially diverging from EU standards,” said Graham Doyle, a deputy commissioner at the DPC...

Flights again halted to Israel after Houthi missile lands near airport

by AIP Online Bureau | May 5, 2025 | Eco/Invest/Demography, International News

Following a ceasefire deal with Palestinian militant group Hamas in January, foreign carriers had begun to resume flights to Israel after halting them for much of the last year and a half since the Oct. 7, 2023 Hamas attack. European and U.S. carriers canceled flights...
Trading in Bitcoin in India is refined way of doing Hawala business: SC

Trading in Bitcoin in India is refined way of doing Hawala business: SC

by AIP Online Bureau | May 5, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

The bench said that two years back while dealing with a case related to Bitcoin trade it had asked the Centre to apprise the court about the policy regime on the trade of virtual currency but till now it has not received any response. Senior advocate Mukul Rohatgi,...

Govt mandates legal interception of satcom services bars data routing outside country

by AIP Online Bureau | May 5, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

The move assumes significance as the government is, for the first time, gearing up to open satellite communication service for the general public and needs to put measures in place to avoid any misuse of the services by criminal elements, especially terrorists. New...
India has 879.59 metric tonnes of gold, 511.99 MT held domestically: RBI

India has 879.59 metric tonnes of gold, 511.99 MT held domestically: RBI

by AIP Online Bureau | May 5, 2025 | Data, Eco/Invest/Demography, Regulation

In value terms (USD), the share of gold in the total foreign exchange reserves increased from 9.32 per cent at end-September 2024 to about 11.70 per cent at end-March 2025, according to the RBI’s ‘Half Yearly Report on Management of Foreign Exchange Reserves’. New...
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