Global Intelligence Briefing
World
TikTok to pay $400m to US in one of largest child privacy settlements
The deal stems from a 2024 lawsuit alleging TikTok and its parent company ByteDance collected "vast amounts of data" on millions of users under the age of 13.
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World
Carney calls Trump's fresh tariffs a 'miscalculation' after trade talks collapse
Canada's prime minister said he was "reluctantly" announcing retaliatory tariffs as he accused the US of starting a trade war.
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Crypto
MiCA is coming for DeFi vaults, but regulation will be difficult
Brussels is reviewing whether crypto lending should fall under MiCA, but DeFi lending vaults are making it harder to determine who, exactly, should be regulated.
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Markets
US borrowing costs rise as attempts to ease rates prove short-lived
Economists said there were ongoing concerns over the level of borrowing as national debt passed $40tn.
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World
Carney faces crucial test after walking away from Trump's deal
The Canadian prime minister will have to sell his gamble that walking away from talks with the White House will be worth the consequences.
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