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Meta settles Cambridge Analytica scandal case for $725m

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Facebook owner Meta has agreed to pay $725m (£600m) to settle legal action over a data breach linked to political consultancy Cambridge Analytica.

The long-running dispute accused the social media giant of allowing third parties, including the British firm, to access Facebook users’ personal data.

The proposed sum is the largest in a US data privacy class action, lawyers say.

Meta, which did not admit wrongdoing, said it had “revamped” its approach to privacy over the past three years.

In a statement, the company said settling was “in the best interest of our community and shareholders”.

“We look forward to continuing to build services people love and trust with privacy at the forefront.”

Tech author James Ball told the BBC it was “not a surprise” that Meta has had to agree to a serious pay-out but that it was “not that much” money to the tech giant.

“It’s less than a tenth of what it spent on its efforts to create ‘the metaverse’ last year alone,” he said.

“So Meta probably won’t be too unhappy with this deal, but it does stand as a warning to social media companies that mistakes can prove very costly indeed.”

The suggested settlement, which was disclosed in a court filing late on Thursday, is subject to the approval of a federal judge in San Francisco.

“This historic settlement will provide meaningful relief to the class in this complex and novel privacy case,” lead lawyers for the plaintiffs, Derek Loeser and Lesley Weaver, said in a statement.

(BBC News)

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Cooking oil unfit for consumption released with Customs blessings!

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The PHIs of Ridigama have busted a large-scale smuggling in which expired cooking oil unfit for human consumption has been released to the market.

The 51,600 liters of canola oil stock used for cooking, which was allegedly brought from Germany, has been found at a warehouse in Ridigama and the stock has been released with the help of Customs officers.

The Public Health Inspectors raided the warehouse located at Annoorpura, Panagamuwa in Ridigama based on information received by the Ridigama Medical Officer of Health (MOH) office.

The oil stock was taken into custody along with a businessman named Iliyas Mohammed of No. 130 A, Annoorpura in Panagamuwa.

A total of 5,160 cans of ten-liter each were found in the warehouse.

The arrested businessman said the oil stock was supposed to be used for soap production.

Though the businessman had said that he had purchased three containers containing these oil cans from the port, he had failed to produce any document.

Investigators said that a ten-liter can was priced at Rs.9,999 and they have been labelled in a foreign country.

The oil cans had no expiry date and the businessman had no receipt to indicate that the goods were purchased.
 
Officials who conducted the raid said that an address ‘South Pacific Agency, Upper Bomiriya, Kaduwela’ was mentioned on the oil cans as the importer and distributor.

The Rambadagalla Court has given orders to seal the warehouse and send the samples to the government analyst.

When ‘Aruna’ made an inquiry in this regard, the port sources confirmed that several containers seized by the Customs were tendered and released on January 20.

The tender has been called under the number CDV/TS/2023/01.

The cans of canola oil weighing 47,265 kgs have been released for over Rs.15 million.

On December 19, 2022, the government food inspector has approved the use of this oil stock before February 2023.

The price of a liter of canola oil released from the port was Rs.294.18.

The port officials said if this ten-liter can, which was priced at nine hundred and ninety nine rupees per liter, generated a profit of seven thousand fifty rupees, the businessman may have earned an income of over Rs.36 million.

The officials pointed out that the smugglers had tried to release several rice containers on the same day when these containers were tendered with the help of corrupt officials in anticipation of high profits, but they were prevented by the intervention of the Ports Authority Chairman.

Source – Aruna

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Sathosa reduces prices of 4 essential items

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Lanka Sathosa has reduced the prices of 04 essential items with effect from tomorrow (02).

1 kg of Dried Chili reduced by Rs. 25/- to Rs. 1,675/-

1 kg of Red Kekulu (Local) reduced by Rs. 10/- to Rs. 169/-

1 kg of Big Onions reduced by Rs. 15/- to Rs. 165/-

1 kg of Wheat flour reduced by Rs. 5/- to Rs. 230/-

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Petrol price upped

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The Ceylon Petroleum Corporation (CPC) will increase 92 Octane fuel prices by Rs.30 per litre with effect from tomorrow (02).

The new price per litre will be Rs.400.

All other fuel prices remain unchanged.

Meanwhile, Lanka IOC has also increased the price of 92 Octane fuel prices by Rs.30 per litre with effect from tomorrow.

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