Brazil hits Elon Musk’s ‘X’ with new $1.8M fine

Brazil hits Elon Musk’s ‘X’ with new .8M fine

Brazil’s Supreme Court is ordering ‘X’ to pay just over $5 million in penalties – including a new nearly $2 million fine – before the country finally lifts their ban on the platform. ‘X’ informed the Brazilian government earlier this week that they were now in compliance with the courts orders – as owner Elon … Read more

6 credit rating agencies to pay over $49M over recordkeeping failures: SEC

6 credit rating agencies to pay over M over recordkeeping failures: SEC

Six credit rating agencies agreed to pay a total of more than $49 million in civil penalties to settle U.S. Securities and Exchange Commission charges they broke recordkeeping rules, the regulator said on Tuesday. Moody’s Investors Service, S&P Global Ratings, Fitch Ratings, HR Ratings de Mexico, A.M. Best Rating Services and Demotech each admitted to … Read more

Brits could face £500 fine for wearing bikinis in Spain | Europe | Travel

Brits could face £500 fine for wearing bikinis in Spain | Europe | Travel

Holidaymakers venturing to Spain this summer have been warned about strict dress code rules that could see them slapped with an on-the-spot £500 fine. Laws in parts of the country forbid the wearing of bikinis and swimwear in certain public places. Going shirtless is another rule, facing the same potential financial penalties. The Foreign Office … Read more

EU poised to fine Apple about $539M over alleged breaches of EU competition law, FT reports

EU poised to fine Apple about 9M over alleged breaches of EU competition law, FT reports

Feb 18 — The European Union is set to fine Apple (AAPL.O), opens new tab about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources. The fine is expected to be announced early next month, the FT said. The European Commission, which last year accused Apple of … Read more