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Facebook threatens to ban news in Canada over proposed Online Act

San Francisco, Oct 24 (IANS) Facebook (NASDAQ:) has reportedly threatened to block news in Canada if the country goes through its proposed Online News Act that forces online platforms like Facebook and Google (NASDAQ:) to share revenue with the news publishers. In a blog post, Facebook parent company Meta said that the proposed Act falsely …

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Ladbrokes Owner Entain Predicts Online Gaming Growth in Q4

By Scott Kanowsky  Investing.com — Shares in Entain PLC (LON:) rose on Thursday after the gambling firm said it expects its key online gaming business to grow in the fourth quarter when compared to the same period last year. In a trading statement, the owner of Ladbrokes and Coral described its performance as “healthy” heading into …

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E-commerce losses due to online fraud to exceed $48 bn globally

New Delhi, Oct 12 (IANS) Triggered by the growing use of digital wallets, the total cost of e-commerce fraud to merchants is likely to exceed $48 billion globally in 2023, from just over $41 billion in 2022, a report showed on Wednesday. This growth will be accelerated by the increasing use of alternative payment methods, …

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Naver to acquire online US fashion marketplace for $1.6 bn

Seoul, Oct 4 (IANS) South Korean Internet portal giant Naver said on Tuesday it will take over Poshmark, a US social commerce platform specializing in second-hand apparel trade, for 2.3 trillion won ($1.6 billion) in a bid to broaden its North American business. According to its filing, Naver has agreed to buy a 100 percent …

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India saw 20.5 bn online transactions worth Rs 36 trillion in Q2

Mumbai, Oct 4 (IANS) India saw 20.57 billion online transactions worth Rs 36.08 trillion in the second quarter (Q2) this year, a report showed on Tuesday. The online transactions were processed through debit and credit cards, prepaid payment instruments like mobile wallets and prepaid cards and UPI which includes P2M (person to merchant) and P2P …

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India sees Rs 24,000 cr worth online festive sales in 4 days, mobiles lead

Bengaluru, Sep 27 (IANS) Led by mobiles, e-commerce platforms in India clocked over Rs 24,500 crore (nearly $3.5 billion) in the first four days of the festive sales that began from September 22, signalling a better-than-anticipated kickoff to the festive season this year, a report showed on Tuesday. Nearly 55 million shoppers made online purchases …

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Studies find online rummy suicides in TN highly exaggerated

Chennai, Sep 14 (IANS) As the issue around online rummy becomes a highly political issue in Tamil Nadu (NS:), two independent studies have found that suicides in the state in the last one year attributed to playing of online rummy are highly exaggerated. A study by The Rotary Rainbow Project of Chennai working closely with …

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