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Eco/Invest/Demography

Blocking Google class action would deny justice, UK court told

The case has been called “ground-breaking” and “hugely significant” by lawyers, who say it will trigger copycat claims if businesses are not fair or transparent when harvesting and using troves of personal data for commercial gain.

Claims against Facebook, TikTok, YouTube and hotels operator Marriott are among those awaiting the Supreme Court judgment.

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China orders fintech firms to stick to the rules as clampdown widens

The companies will have to set up financial holding companies if they meet requirements to do so, as Alibaba’s fintech affiliate Ant Group was recently forced to do, a move that tightens capital requirements.

They should also draft “business rectification” plans to comply with regulations, cut “improper” links between their payment tools and other financial products, break “monopolies” in holding data, and prevent risks in internet mutual aid businesses.

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U.S. Labor Secretary supports classifying gig workers as employees

“We are looking at it but in a lot of cases gig workers should be classified as employees… in some cases they are treated respectfully and in some cases they are not and I think it has to be consistent across the board,” Walsh told Reuters in an interview, expressing his view on the topic for the first time.

“These companies are making profits and revenue and I’m not (going to) begrudge anyone for that because that’s what we are about in America. But we also want to make sure that success trickles down to the worker,” he said.

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Indian scientists flag evasive virus mutations

“We are seeing some mutation coming up in some samples that could possibly evade immune responses,” said Shahid Jameel, chair of the scientific advisory group of INSACOG and a top Indian virologist. He did not say if the mutations have been seen in the Indian variant or any other strain.

“Unless you culture those viruses and test them in the lab, you can’t say for sure. At this point, there is no reason to believe that they are expanding or if they can be dangerous, but we flagged it so that we keep our eye on the ball,” he said.

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Everything falls on my shoulders but can’t do it alone: Adar Poonawalla on vaccine pressure in India

On the charge of profiteering as the cost of Covishield was recently hiked, he termed it as “totally incorrect” and added that Covishield will still be “the most affordable vaccine on the planet” even at a higher price.

“We have done the best we can without cutting corners or doing anything wrong or profiteering. I’ll wait for history to judge,” he said.

“I’ve always had this sense of responsibility to India and the world because of the vaccines we were making, but never have we made a vaccine so needed in terms of saving lives,” he added.

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Germany pledges to adjust climate law after court verdict

Germany’s Constitutional Court said Thursday that the government must set clear goals for reducing greenhouse gas emissions after 2030. The verdict was a victory for campaigners, who had argued that the measures put forward so far are insufficient to meet the Paris climate accord’s goal of keeping global warming well below 2 degrees Celsius (3.6 Fahrenheit), ideally no more than 1.5 C (2.7 F) by 2100.

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