Santos avoids prosecution in deal with Brazilian authorities in fraud case
US Rep. George Santos has signed a deal with Brazilian authorities to avoid prosecution in lieu of a confession, reimbursement for the victim and a fine to the state stemming from a 2008 fraud case, his attorney said.
2023-05-12 03:58
Elon Musk says Twitter to move behind paywall as all users forced to pay ‘small’ monthly fee
Elon Musk said X is looking to charge users a “small monthly payment” to tackle bots on the social network. X, previously known as Twitter, underwent a number of changes soon after Mr Musk, the multibillionaire owner of X Corp, bought it. The platform is now “moving to having a small, monthly payment for use of the X system” to combat “vast armies of bots”, Mr Musk said during a livestreamed conversation with Israeli prime minister Benjamin Netanyahu on Monday. However, the Tesla and SpaceX boss did not reveal how much the new plan would cost X users or what additional features subscribers would get. During the interaction with Mr Netanyahu, the Tesla titan said X currently has 550 million “monthly users” who generate 100-200 million posts per day, adding that the new change to include a “small amount of money” would be necessary to deal with the problem posed by bots. It is unclear whether the multibillionaire’s figure of 550 million monthly users includes bots and also doesn’t allow comparison with the metric the company has used to estimate its user base, called the “average monetizable daily active users” or mDAUs. But the Tesla chief said a subscription fee would make it more difficult for bots to create accounts as each bot would need a new credit card to register on the platform. “It’s the only way I can think of to combat vast armies of bots,” Mr Musk said. “Because a bot costs a fraction of a penny – call it a tenth of a penny – but even if it has to pay a few dollars or something, the effective cost of bots is very high,” he explained. The platform has historically struggled to curb the activity of bots, with the company’s former security chief Peiter Zatko telling the US Congress last year that Twitter does not even know how many automated accounts are on the site. Mr Musk even cited bots as a reason to back out of buying the social platform before he went on to complete the deal. He has also previously discussed putting all of Twitter behind a paywall. Now the Tesla boss says the rebranded X plans to introduce a new “lower tier pricing” than the $8 monthly fee it currently charges subscribers of its premium Blue service. The conversation between Mr Musk and the Israeli prime minister also touched on topics like AI regulation as well as hate speech and antisemitism on X. Mr Musk claimed during the discussion that he’s “against antisemitism” and “anything that promotes hate and conflict”. “I’m sort of against attacking any group, you know. Doesn’t matter who it is,” the Tesla chief said. Online safety experts have warned about the social media platform under “free speech absolutist” Mr Musk offering “amnesty” to accounts previously suspended for hate speech and instigating violence. Under the Tesla titan, the platform restored the account of former US president Donald Trump who was banned following the 2021 Capitol riots, as well as the profiles of Republican Marjorie Taylor Greene and neo-Nazi website founder Andrew Anglin. Read More The ex factor: the very complex love life of Elon Musk Netanyahu visits Elon Musk in California with plans to talk about artificial intelligence Turkey's President Erdogan and Elon Musk discuss establishing a Tesla car factory in Turkey Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit Musk the messiah (or a very naughty boy?) Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering
2023-09-19 13:23
UK economy contracts by larger-than-expected 0.5% in July - ONS
LONDON British economic output contracted by a larger-than-expected 0.5% in July, figures from the Office for National Statistics
2023-09-13 14:20
Starr Names Christopher Magee Vice President, International Head of Financial Lines and Professional Liability
NEW YORK--(BUSINESS WIRE)--Aug 30, 2023--
2023-08-30 21:17
Mexico Holds Key Interest Rate at 11.25% as Inflation Slows
Mexico kept borrowing costs unchanged for a second straight month as the central bank vows to maintain its
2023-06-23 04:26
Bank of America CEO sees investment banking and trading staying flat in Q2
NEW YORK Bank of America Corp expects investment banking fees and trading revenues to be broadly flat this
2023-06-02 03:23
Agenda spat at UN climate talks as top official sees chance to ask 'difficult questions' in Dubai
Nations have resumed talks on tackling global warming with the aim of shaping a deal that might put the world on track to prevent a dangerous increase in temperatures
2023-06-06 03:29
US inflation has steadily cooled. Getting it down to the Fed's target rate will be the toughest mile
Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years
2023-08-08 17:16
Saudi Aramco to Postpone Mega IPO of Energy Trading Unit
Saudi Aramco is pushing back a planned Riyadh initial public offering of its energy-trading business, a deal that
2023-05-11 17:57
Zambia’s President Expects to See Debt-Restructuring Deal Wrapped Up Soon
Zambia has concluded the most difficult part of negotiations to restructure its debt, and sees remaining talks being
2023-06-23 22:50
Biden GOP agree to 2 year budget-debt ceiling deal, work requirements for food aid
President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis
2023-05-28 09:26
Explainer-OPEC+ oil policies: what cuts are already in place and what could change
By Alex Lawler LONDON Saudi Arabia, Russia and other members of OPEC are scheduled to meet in Vienna
2023-11-21 20:16
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