Romania‘s telecoms regulator is set to initiate steps to suspend TikTok, citing potential interference in the recent presidential election. Pavel Popescu, the regulator’s deputy head, announced plans to begin the suspension process on Thursday. The action will remain in place until state authorities conclude their investigation into allegations of electoral manipulation linked to the platform.
The scrutiny comes after TikTok‘s role in Sunday’s election raised concerns about misinformation and influence. Officials are prioritising transparency and security during the ongoing electoral process.
The decision underscores the increasing global attention on social media platforms’ influence on democratic processes.
The US Supreme Court has decided to allow a class-action lawsuit against Meta, Facebook’s parent company, to move forward. The case stems from the Cambridge Analytica scandal, where the political consulting firm accessed personal data from 87M Facebook users and used it for voter targeting in the 2016 US presidential election. Meta had sought to block the lawsuit, but the court dismissed its appeal.
Investors claim Meta failed to fully disclose the risks of data misuse, leading to two major drops in its stock price in 2018 when the extent of the privacy breach became public. Meta has already paid a $5.1B fine and a $725M settlement with users over related allegations.
The lawsuit is one of several legal challenges facing big tech firms. A separate case against Nvidia is under review, as investors allege the company misled them about its dependency on cryptocurrency mining.
Elon Musk has spoken out against Australia’s proposed law to ban social media use for children under 16, calling it a “backdoor way to control access to the Internet by all Australians.” The legislation, introduced by Australia’s centre-left government, includes fines of up to A$49.5 million ($32 million) for systemic breaches by platforms and aims to enforce an age-verification system.
Australia’s plan is among the world’s strictest, banning underage access without exceptions for parental consent or existing accounts. By contrast, countries like France and the US allow limited access for minors with parental approval or data protections for children. Critics argue Australia’s proposal could set a precedent for tougher global controls.
Musk, who has previously clashed with Prime Minister Anthony Albanese’s government, is a vocal advocate for free speech. His platform, X, has faced tensions with Australia, including a legal challenge to content regulation orders earlier this year. Albanese has called Musk an “arrogant billionaire,” underscoring their rocky relationship.
The United States Department of Justice (DOJ) is reportedly pushing for Alphabet’s Google to divest its Chrome browser, escalating efforts to curb the company’s alleged monopolistic practices in digital markets. This follows a prior ruling that Google illegally dominated the search market. The DOJ also plans to address Google’s control over AI and the Android operating system.
Google, which commands two-thirds of the global browser market, denies the claims, arguing that its success stems from user preference and robust competition. It also criticises the DOJ’s proposals as extreme and potentially harmful to consumers. Prosecutors have suggested a range of remedies, including ending exclusive search agreements with companies like Apple or enforcing Chrome’s divestiture if market competition does not improve.
A trial to finalise the remedies is set for April, with a ruling expected by August 2025. Google intends to appeal any decision to divest Chrome, citing the browser’s integral role in its ad revenue and user experience.
Brussels is planning new rules requiring Chinese firms to transfer technology and build factories in Europe to qualify for EU subsidies. These measures will apply to a €1 billion battery development scheme launching in December, potentially setting a precedent for other clean technology initiatives.
The proposals echo China’s own approach to foreign businesses, which compels them to share intellectual property to access its markets. The European Commission has also implemented tariffs on Chinese electric vehicles and stricter rules for hydrogen technology, aimed at reducing reliance on cheaper imports that undercut local manufacturers.
Chinese companies such as CATL and Envision Energy are already investing heavily in European facilities. However, domestic challenges persist, with Sweden’s Northvolt struggling financially as it attempts to scale up battery production. Batteries are critical for electric vehicles, making supply chains essential for Europe’s transition to greener technologies.
Critics warn that these tougher trade policies could disrupt EU climate goals by driving up costs for consumers. While the measures aim to support European industries, experts suggest they risk creating uncertainty and hindering innovation.
The Federal Government of Nigeria and the World Bank have partnered to develop a National Land Digital System, aiming to address long-standing challenges in land administration. That initiative seeks to improve transparency, efficiency, and accessibility in land transactions by digitising land records, which will streamline the registration process and reduce bureaucratic delays.
Given that over 90% of Nigeria’s land remains unregistered, this system will unlock significant economic potential by formalising land ownership and boosting investor confidence. As a result, the goal is to increase formal land transactions from under 10% to over 50% within the next decade, thereby enhancing property rights protection and promoting economic growth. Moreover, the initiative will focus on collaborating with state governments to register, document, and title land parcels, thus securing land ownership and unlocking new development opportunities.
In addition to these efforts, the Federal Government of Nigeria and the World Bank are finalising the National Urban Development Policy (NUDP), which will provide a strategic framework for long-term urban and rural growth. The policy is designed to guide the development of economically vibrant, climate-resilient, and inclusive cities, aligning with Nigeria’s broader objectives for sustainable development.
Furthermore, the initiative emphasises the importance of streamlining land administration and encouraging private sector investment in housing and infrastructure. That includes promoting eco-friendly construction materials and improving access to mortgage options. Consequently, these combined efforts are expected to lay the foundation for a more efficient and equitable land system, contributing significantly to the nation’s economic and social development.
Guillaume Faury, CEO of Airbus, raised concerns about how antitrust regulations hinder the European aerospace sector’s ability to compete with US-based SpaceX. Speaking at an aviation industry event in Frankfurt, Faury acknowledged SpaceX’s success, particularly its reusable Falcon 9 rocket, but highlighted how Europe’s regulatory framework restricts similar consolidation. Unlike SpaceX, which manufactures 80% of its components in-house, European companies like Airbus face complex supply chains and fragmented production models due to antitrust rules that require manufacturing distribution across multiple countries.
Faury pointed out that this fragmented system, while pleasing many stakeholders, limits efficiency and competitive flexibility. This is evident when comparing SpaceX’s cost-cutting ability with the struggles of Europe’s Ariane 6, which has yet to launch commercially despite plans for multiple flights per year. Meanwhile, SpaceX’s low-cost launches have revolutionised satellite deployment, launching nearly 7,000 satellites and creating fierce competition in the space industry.
Faury warned that unless European regulations adapt, the region risks falling behind in satellite and launch sectors, with Airbus already feeling the pressure, including a planned reduction of 2,500 jobs in its satellite division. SpaceX’s influence extends beyond commercial aerospace, as the company is also a major player in military and defence with initiatives like Starlink and lunar landing technology, supported by NASA and the US government.
However, concerns about SpaceX’s dominance in the US have also emerged, with NASA and the Pentagon seeking to reduce dependence on the company by promoting more competition in the aerospace sector, although antitrust complaints have not yet significantly affected SpaceX’s position.
YouTube is testing an AI-driven feature allowing select creators to remix songs by describing desired stylistic changes. This builds on its Dream Track toolset, which debuted last year and lets users generate AI-based tracks using artist vocals. The new feature, ‘Restyle a track,’ enables creators to transform a song’s genre or mood, producing 30-second snippets for Shorts while preserving the original’s essence.
The tool uses Google DeepMind’s Lyria model and ensures proper crediting of the original music. YouTube has partnered with Universal Music Group to compensate artists and rights holders, addressing potential concerns from the music industry. Creators participating in the trial can experiment with a limited selection of tracks under this system.
This development follows a growing trend of platforms enabling AI-generated music customisation. YouTube’s approach highlights its commitment to both creative innovation and maintaining industry standards. Competitors like Hook, an app for remixing music, are also exploring similar functionalities for short-form video content.
Visa has announced a partnership with fintech Affirm to introduce a new feature allowing United States customers to use a single card for both debit transactions and buy now, pay later (BNPL) purchases. The feature aims to meet growing consumer demand for payment flexibility. Visa will also launch the service in the United Arab Emirates in collaboration with Liv Bank and plans to expand to Europe in the coming months.
Mark Nelsen, Visa‘s global head of consumer products, highlighted that customers increasingly prioritise convenience in payments, especially as e-commerce continues to thrive. A Visa study revealed that 51% of card users desire access to multiple accounts and funding options through a single credential, streamlining their payment experiences. The ‘Flexible Credential’ feature is already available in markets such as Hong Kong, Japan, and Singapore, with further expansion planned over the next year.
Visa and Affirm’s collaboration signals a growing trend of traditional financial institutions working with fintech firms to drive innovation. While fintech companies have often been seen as challengers to established banks, such partnerships can benefit both sides by unlocking new revenue opportunities. Affirm CEO Max Levchin emphasised the company’s commitment to providing a seamless product that integrates debit and credit without hidden fees.
Universities across the EU and UK are set to introduce metaverse-based courses, where students can attend classes in digital replicas of their campuses. Meta, the company behind Facebook and Instagram, announced the launch of Europe’s first ‘metaversities,’ immersive digital twins of real university campuses. With the help of Meta’s VR partner VictoryXR, students can explore campus grounds, work on projects, and participate in simulations from their VR headsets or PCs, offering a more interactive experience than traditional video calls.
Several institutions are embracing the metaverse: the UK’s University of Leeds started metaverse courses in theater this fall, while Spain’s University of the Basque Country will introduce virtual physiotherapy and anatomy classes by February 2025. In Germany, schools in Hannover will launch immersive classes by the start of the 2025 school year. VictoryXR, which has collaborated with over 130 campuses worldwide, sees these “digital twin” campuses as ideal for field trips, group experiments, and real-time assignments.
Meta has provided VR headsets to educators at numerous universities in the US and UK, including Imperial College London, to encourage innovative teaching in fields such as science and language arts. According to Meta, these metaversities mark a ‘significant leap forward’ in education, creating interactive and engaging learning environments.
