Economic

EU adviser backs Android antitrust ruling against Google

An adviser to the Court of Justice of the European Union has supported the EU’s antitrust ruling against Google, recommending the dismissal of its appeal over a €4.1bn fine. The case concerns Google’s use of its Android mobile system to limit competition through pre-installed apps and contractual restrictions.

The original €4.34bn fine was imposed by the European Commission in 2018 and later reduced by the General Court.

Google then appealed to the EU’s top court, but Advocate-General Juliane Kokott concluded that Google’s practices gave it unfair market advantages.

Kokott rejected Google’s argument that its actions should be assessed against an equally efficient competitor, noting Google’s dominance in the Android ecosystem and the robust network effects it enjoys.

She argued that bundling Google Search and Chrome with the Play Store created barriers for competitors.

The final court ruling is expected in the coming months and could shape Google’s future regulatory obligations in Europe. Google has already incurred over €8 billion in the EU antitrust fines across several investigations.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

WhatsApp ad rollout in EU slower than global pace amid privacy scrutiny

Meta is gradually rolling out advertising features on WhatsApp globally, starting with the Updates tab, where users follow channels and may see sponsored content.

Although the global rollout remains on track, the Irish Data Protection Commission has indicated that a full rollout across the EU will not occur before 2026. However, this delay reflects ongoing regulatory scrutiny, particularly over privacy compliance.

Concerns have emerged regarding how user data from Meta platforms like Facebook, Instagram, and Messenger might be used to target ads on WhatsApp.

Privacy group NOYB had previously voiced criticism about such cross-platform data use. However, Meta clarified that these concerns are not directly applicable to the current WhatsApp ad model.

According to Meta, integrating WhatsApp with the Meta Account Center—which allows cross-app ad personalization—is optional and off by default.

If users do not link their WhatsApp accounts, only limited data sourced from WhatsApp (such as city, language, followed channels, and ad interactions) will be used for ad targeting in the Updates tab.

Meta maintains that this approach aligns with EU privacy rules. Nonetheless, regulators are expected to carefully assess Meta’s implementation, especially in light of recent judgments against the company’s ‘pay or consent’ model under the Digital Markets Act.

Meta recently reduced the cost of its ad-free subscriptions in the EU, signalling a willingness to adapt—but the company continues to prioritize personalized advertising globally as part of its long-term strategy.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Lazarus Group linked to Taiwan exchange hack

Taiwanese cryptocurrency exchange BitoPro has confirmed that North Korea’s state-sponsored Lazarus Group carried out a cyberattack on 9 May, resulting in the theft of approximately $11.5 million.

The company announced an internal investigation supported by an external cybersecurity firm. BitoPro detected suspicious outflows from its platform in early May, prompting immediate security measures and a comprehensive forensic review.

According to the exchange, the attackers employed tactics, techniques, and procedures (TTPs) consistent with previous operations attributed to Lazarus—an elite cybercrime unit from North Korea linked to numerous high-profile financial and cryptocurrency heists worldwide.

‘The methodology observed during the breach strongly resembles known Lazarus Group activity,’ BitoPro stated. ‘We are working closely with law enforcement and blockchain security experts to recover stolen assets and prevent further incidents.’

The breach adds to a growing list of Lazarus-linked attacks targeting decentralised finance (DeFi) platforms, exchanges, and cross-chain bridges—sectors often lacking the robust security infrastructure of traditional banking systems.

BitoPro’s disclosure highlights the escalating threat that state-affiliated hacking groups pose to the digital asset industry. Experts warn that these attacks are becoming more frequent and sophisticated as bad actors continue to exploit vulnerabilities in emerging financial technologies.

Currently, BitoPro has not confirmed whether any of the stolen funds have been recovered. The company has assured users that affected systems have been secured and that additional security measures are being implemented to protect its infrastructure.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

TikTok denies buying Trump memecoins after bribe claims

TikTok has strongly denied accusations by US congressman Brad Sherman that its owners purchased $300 million worth of Trump meme coins. Responding via its official policy account on X, the company labelled the claims false and misleading.

Sherman alleged that the memecoin purchase was effectively a bribe to influence Donald Trump’s stance on banning TikTok in the US.

However, the accusations appear based on a report involving GD Culture Group, a Nasdaq-listed company with no direct connection to TikTok or its parent ByteDance.

GD Culture reportedly announced plans to buy Trump coins and Bitcoin while using TikTok to distribute AI-enhanced content. Despite this, no financial link between the firm and Trump or TikTok has been confirmed.

The timing of the claim coincides with Trump’s third delay in enforcing the TikTok ban, raising further political speculation. Sherman, a long-time crypto critic, also said that Trump’s crypto ventures threaten the US dollar’s dominance.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Supply chain cyber attack hits UBS and Swiss banks

A sophisticated supply chain cyber attack on Swiss service provider Chain IQ has resulted in data leaks at several financial institutions, including UBS and Pictet. According to the banks, no client data was compromised.

UBS confirmed the breach on Wednesday, stating: ‘A cyber attack at an external supplier has led to information about UBS and several other companies being stolen. No client data has been affected.’ The bank said it had acted swiftly to protect operations.

Chain IQ revealed that it was one of 20 organisations targeted in what it described as ‘a cyber-attack that had never before been seen on a global scale.’

The attackers published stolen data on the dark web on 12 June 2025 at 17:15 CET. The firm said access was revoked and the incident contained within 8 hours and 45 minutes.

The stolen data included employee business contact details from certain clients, such as internal telephone numbers. The company stated that all systems were checked and secured, with law enforcement notified immediately.

Dr Ilia Kolochenko, CEO of ImmuniWeb and a Fellow at the British Computer Society, warned of the potential impact: ‘This breach may have a disastrous and long-lasting effect on the Swiss banking sector. An urgent investigation is essential to determine its scope.’

He added that the incident highlights third-party vulnerabilities: ‘Even major institutions are at risk from supply chain weaknesses. Legal liability could extend to the banks themselves if damage to individuals occurs.’

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Amazon CEO warns staff to embrace AI or face job losses

Amazon CEO Andy Jassy has warned staff that they must embrace AI or risk losing their jobs.

In a memo shared publicly, Jassy said generative AI and intelligent agents are already transforming workflows at Amazon, and this shift will inevitably reduce the number of corporate roles in the coming years.

According to Jassy, AI will allow Amazon to operate more efficiently by automating specific roles and reallocating talent to new areas. He acknowledged that it’s difficult to predict the exact outcome but clarified that the corporate workforce will shrink as AI adoption expands across the company.

Those hoping to remain at Amazon will need to upskill quickly. Jassy stressed the need for employees to stay curious and proficient with AI tools to boost their productivity and remain valuable in an increasingly automated environment.

Amazon is not alone in the trend.

BT Group is restructuring to eliminate tens of thousands of roles. At the same time, other corporate leaders, including those at LVMH and ManPower, have echoed concerns that AI’s most significant disruption may be within human resources.

Executives now see AI as a tech shift and a workforce transformation demanding retraining and redefinition of roles.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

India’s Gen Z founders go viral with AI and robotics ‘Hacker House’ in Bengaluru

A viral video has captured the imagination of tech enthusiasts by offering a rare look inside a ‘Hacker House’ in Bengaluru’s HSR Layout, where a group of Gen Z Indian founders are quietly shaping the future of AI and robotics.

Spearheaded by Localhost, the initiative provides young developers aged 16 to 22 with funding, workspace, and a collaborative environment to rapidly build real-world tech products — no media hype, just raw innovation.

The video, shared by Canadian entrepreneur Caleb Friesen, shows teenage coders intensely focused on their projects. From AI-powered noise-cancelling systems and assistive robots to innovative real estate and podcasting tools, each room in the shared house hums with creativity.

The youngest, 16-year-old Harish, stands out for his deep focus, while Suhas Sumukh, who leads the Bengaluru chapter, acts as both a guide and mentor.

Rather than pitch decks and polished PR, what resonated online was the authenticity and dedication. Caleb’s walk-through showed residents too engrossed in their work to acknowledge his arrival.

Viewers responded with admiration, calling it a rare glimpse into ‘the real future of Indian tech’. The video has since crossed 1.4 million views, sparking global curiosity.

At the heart of the movement is Localhost, founded by Kei Hayashi, which helps young developers build fast and learn faster.

As demand grows for similar hacker houses in Mumbai, Delhi, and Hyderabad, the initiative may start a new chapter for India’s startup ecosystem — fuelled by focus, snacks, and a poster of Steve Jobs.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!

Visa and Yellow Card launch new digital dollar system

Visa is stepping up efforts to improve cross-border payments in Africa by partnering with Yellow Card Financial to roll out stablecoin settlements across 20 markets. The pilot will start later this year in an undisclosed country, offering faster and cheaper transactions.

The collaboration promises near-instant, low-cost stablecoin transfers by combining Visa Direct’s payment network with Yellow Card’s licences in Africa and the broader CEMEA region.

These services come at a critical time, as local currency volatility and shortages of US dollars have hampered trade and remittances across the continent.

Visa’s stablecoin infrastructure has already processed over $225 million in USDC settlements since 2023. Yellow Card, which has handled over $6 billion in crypto transactions, offers Visa immediate access to a mature crypto corridor.

The partnership seeks to modernise traditional payment rails by reducing fees, improving liquidity management, and boosting resilience.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot! 

South Korea to investigate crypto exchange fees

South Korea’s Financial Services Commission (FSC) has announced an investigation into the transaction fees charged by domestic cryptocurrency exchanges. The regulator will assess if fees are too high and consider ways to reduce trading costs.

The inquiry aligns with President Lee Jae-myung’s pro-crypto agenda. Lee promised during his campaign to reduce trading fees, notably to support younger investors.

The FSC intends to survey local exchanges about their current fee systems and compare them with overseas platforms to set future policy standards.

Earlier this year, South Korea’s regulator introduced a 0.6% supervision fee on exchanges’ operating revenues.

The fees collected from major exchanges like Upbit and smaller players such as Bithumb and Coinone contribute significantly to the overall industry revenue. The FSC has yet to comment on the investigation’s next steps.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot! 

Oakley unveils smart glasses featuring Meta technology

Meta has partnered with Oakley to launch a new line of smart glasses designed for active lifestyles. The flagship model, Oakley Meta HSTN, will be available for preorder from 11 July for $499.

Additional Oakley models featuring Meta’s innovative technology are set to launch later in the summer, starting at $399.

https://twitter.com/1Kapisch/status/1936045567626617315

The glasses include a front-facing camera, open-ear speakers, and microphones embedded in the frame, much like the Meta Ray-Bans. When paired with a smartphone, users can listen to music, take calls, and interact with Meta AI.

With built-in cameras and microphones, Meta AI can also describe surroundings, answer visual questions, and translate languages.

With their sleek, sports-ready design and IPX4 water resistance, the glasses are geared toward athletes. They offer 8 hours of battery life—twice that of the Meta Ray-Bans—and come with a charging case that extends usage to 48 hours. Video capture quality has also improved, now supporting 3K resolution.


Customers can choose from five frame and lens combinations with prescription lenses for an added cost. Colours include warm grey, black, brown smoke, and clear, while lens options include Oakley’s PRIZM and transitions.

The $499 limited-edition version features gold accents and gold PRIZM lenses. Sales will cover major markets across North America, Europe, and Australia.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!


Diplo chatbot can make mistakes. Consider checking important information.