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Regulatory Action

All articles tagged with #regulatory action

technology2 years ago

France Halts iPhone 12 Sales Over Radiation Concerns

French regulators have ordered Apple to cease sales of the iPhone 12 in France due to the model emitting higher levels of electromagnetic radiation than permitted. The French agency responsible for regulating radio frequencies found that the iPhone 12 exceeded the European standard for electromagnetic absorption by the body. Apple has been instructed to fix existing handsets and bring them into compliance, or face a recall. Regulators in various countries impose limits on radiation emissions from mobile phones to prevent potential health risks, although the World Health Organization has stated that no adverse health effects have been established from mobile phone use.

via FRANCE 24 English|
#apple#electromagnetic-radiation#france
finance2 years ago

Fed's Daly Acknowledges Supervisory 'Slowness' in Silicon Valley Bank Failure

San Francisco Federal Reserve Bank President Mary Daly stated that the failure of Silicon Valley Bank (SVB) was due to regulators being too slow to take action. Daly emphasized that she does not have a supervising role in SVB but believes that other officials waited too long to address regulatory issues. The postmortem report on SVB's failure highlighted the problem of slowness in regulatory action. Daly clarified that supervision is a system-wide activity and that the responsibility for fixing regulatory issues lies with the Fed's Board of Governors. She also discussed the Fed's ongoing fight against inflation and the challenges of raising rates without causing a recession or allowing inflation to remain above the central bank's target. Other Fed officials also spoke about the need for rate hikes to combat inflation.

via CNN|
#bank-failures#finance#inflation
technology2 years ago

Tesla Faces Data Breach Probe in Europe Over Autopilot Complaints.

A data leak of internal Tesla documents reveals thousands of alleged customer complaints and descriptions of crashes related to Autopilot and Full Self-Driving technology, including sudden acceleration and braking problems. The files also show Tesla's attempts to keep safety complaints secret and limit customer communications. Tesla CEO Elon Musk did not respond to a request for comment. The leaked data could impact existing lawsuits and prompt regulatory action, as regulators in China have already taken action against Tesla for unintended sudden acceleration.

via Los Angeles Times|
#autopilot#data-leak#regulatory-action