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Google CEO Sundar Pichai Apologises Over Leaked Internal Document on Tactics to Counter EU Rules

first_imgAlphabet CEO Sundar Pichai has apologised to Europe’s industry chief Thierry Breton over a leaked internal document proposing tactics to counter the EU’s tough new rules on internet companies and lobby against the EU commissioner.Pichai and Breton exchanged views in a video-conference call late on Thursday, the third this year, according to a statement from the European Commission.- Advertisement – – Advertisement – “Our online tools have been a lifeline to many people and businesses through lockdown, and Google is committed to continuing to innovate and build services that can contribute to Europe’s economic recovery post-COVID,” spokesman Al Verney said in a statement.The incident underlines the intense lobbying by tech companies against the proposed EU rules, which could impede their businesses and force changes in how they operate.Breton also warned Pichai about the excesses of the internet.“The Internet cannot remain a ‘Wild West’: we need clear and transparent rules, a predictable environment and balanced rights and obligations,” he told Pichai.Breton will announce new draft rules known as the Digital Services Act and the Digital Markets Act together with European Competition Commissioner Margrethe Vestager on December 2.The rules will set out a list of do’s and don’ts for gatekeepers – online companies with market power – forcing them to share data with rivals and regulators and not to promote their services and products unfairly.EU antitrust chief Margrethe Vestager has levied fines totalling EUR 8.25 billion (roughly Rs. 72,780 crore) against Google in the past three years for abusing its market power to favour its shopping comparison service, its Android mobile operating system and its advertising business.Breton told Pichai that he would increase the EU’s power to curb unfair behaviour by gatekeeping platforms, so that the Internet does not just benefit a handful of companies but also Europe’s small- and medium-sized enterprises and entrepreneurs.“Europe’s position is clear: everyone is welcome on our continent – as long as they respect our rules,” he told Pichai.© Thomson Reuters 2020Which is the best TV under Rs. 25,000? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below. “In any case, yes I had a discussion with Sundar… I told him what I had to tell him….he apologised. (I told him) If you need to tell me something, my door will always be open,” he said.Pichai apologised for the way the document came out, which he said he had not seen or sanctioned, saying that he would engage directly with Breton if he sees language and policy that specifically targets Google, another person familiar with the call said.Google said the two had a frank but open conversation.- Advertisement – The call came after a Google internal document outlined a 60-day strategy to attack the European Union’s push for the new rules by getting US allies to push back against Breton.The call was initiated by Google before the document was leaked. Breton brought up the leaked document and showed it to Pichai during the call.“I was not surprised. I’m not naive. I thought it was a bit old fashioned…,” Breton told the Anglo-American Press Association in a online meeting on Friday, waving the document in the air.- Advertisement –last_img read more

Syracuse falls 7-0 to Georgia Tech, its 4th loss in last 5 matches

first_img Published on March 11, 2016 at 7:54 pm Contact Matthew: mguti100@syr.edu | @MatthewGut21 Related Stories Cracking the code: How a snack propelled Syracuse to its highest ranking in program historyDina Hegab transitions from clay courts to hard courts and is off to an 8-2 start in singles play No. 30 Syracuse’s (8-4, 2-4 Atlantic Coast) midseason slide continued on Friday afternoon when it was shutout by No. 34 Georgia Tech (8-5, 3-1), 7-0.After winning its first seven matches, the Orange has lost four of its last five. Friday afternoon’s matchup at Ken Byers Tennis Complex in Atlanta was also SU’s third straight loss.The Orange didn’t tally a single win on Friday and in its last three matches — all of them losses — Syracuse has only one win in singles play.SU’s one bright spot came when Valeria Salazar and Gabriela Knutson took a 3-1 lead. But the pair dropped the next five games and fell 3-6, giving the Yellow Jackets the doubles point. Before the loss, the No. 26 doubles team of Salazar and Knutson was 5-0 in the ACC and 6-0 overall.To make it 2-0, freshman Dina Hegab, who began the year 8-0 in singles, lost 2-6, 2-6. It’s her third straight singles loss.AdvertisementThis is placeholder textThe Yellow Jackets claimed a 3-0 lead when Salazar fell 0-6, 4-6. To clinch the match and make it 4-0, Georgia Tech’s Johnnise Renaud beat No. 45 singles player Anna Shkudun, 1-6, 5-7. Shkudun has lost four of her last five singles matches.Since joining the ACC, the Orange is 0-3 versus Georgia Tech.On Sunday, Syracuse continues its stretch of road matches at Clemson. First serve is at 10 a.m. Commentscenter_img Facebook Twitter Google+last_img read more

Fannie Maes Book Sees Another Drop in August

first_img Share Fannie Mae’s Book Sees Another Drop in August October 1, 2013 406 Views in Secondary Marketcenter_img Business at “”Fannie Mae””:http://www.fanniemae.com/portal/index.html took another tumble in August, marking the third straight month of declines for the company.[IMAGE]The GSE’s book of business fell at a compound rate of 0.8 percent, a slower pace than -1.7 percent in July. Year-to-date, the book’s average monthly growth rate was -1.1 percent as of the end of the month.[COLUMN_BREAK]Fannie Mae estimates the book’s value at $3.167 trillion, down a little more than $2 billion from the prior month.The secondary market giant’s gross mortgage portfolio continued to drop, though the rate of contraction was slower at 29.6 percent negative growth. The portfolio’s growth rate was -32.4 percent in July, the fastest rate of shrinkage since January 2010. Year-to-date, the average monthly growth rate for the portfolio was -23.1 percent in August.After improving slightly in July, new business acquisitions fell to $68.2 billion, the lowest level since April 2012.Meanwhile, delinquency rates continued to improve. According to Fannie Mae, the single-family serious delinquency rate fell 9 basis points to 2.61 percent in August, while the multifamily rate was flat at 0.18 percent.Fannie Mae completed 13,791 loan modifications in August. So far this year, the company has recorded 109,172 modifications. Agents & Brokers Attorneys & Title Companies Delinquency Fannie Mae Investors Lenders & Servicers Mortgage-Backed Securities Service Providers 2013-10-01 Tory Barringerlast_img read more