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Meta filed a lawsuit due to fraudulent advertisements on Facebook and Instagram.

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4 months ago

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Their action would be just one more in a string of international campaigns launched to make the internet behemoth answerable for advertisements that continue to run even after users have reported issues to the business.

Polish parcel locker firm InPost was founded by Brzoska, who also holds the largest part in the company. Brzoska claimed he informed InPost of the issue at the beginning of July, but the matter was not resolved.

“We want to bring a case against Meta in private. Which jurisdictions we plan to sue Meta in is still up in the air. We’ll make a decision within the next few weeks, Brzoska informed Reuters.

“…we are thinking of every possible scenario, including filing a lawsuit in the US if Europe does nothing,” he continued.

Brzoska stated that he and his spouse would require Meta to cease reaping the benefits of endorsing content that infringes upon their rights, as well as a sizeable donation to a charitable organization that matches the amount of money generated by advertising this kind of misinformation.

Commenting was not possible at this time from Meta.

The Personal Data Protection Office President compelled Meta Platforms Ireland Limited last week to cease displaying deceptive advertisements on Facebook and Instagram in Poland for a period of three months, utilizing actual data and photos of Brzoska and his spouse.

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In interbank trade, the Pakistani rupee beats the US dollar.

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5 days ago

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In the international exchange market, the US dollar has continued to weaken in relation to the Pakistani rupee.

The dollar fell to Rs278.10 from Rs278.17 at the beginning of interbank trading, according to currency dealers, a seven paisa loss.

In the meantime, there was a lot of turbulence in the stock market, but it recovered and moved into the positive zone. The KSE-100 index recovered momentum and reached 116,000 points after soaring 1,300 points.

Both currency and stock market swings, according to analysts, are a reflection of ongoing market adjustments and economic uncertainty.

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Phase II of CPEC: China-Pakistan Partnership Enters a New Era

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6 days ago

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The cornerstone of economic cooperation between the two brothers and all-weather friends is still the China-Pakistan Economic Corridor, the initiative’s flagship project.

In contrast to reports of a slowdown, recent events indicate a renewed vigour and strategic emphasis on pushing the second phase of CPEC, known as CPEC Phase-2, according to the Ministry of Planning, Development, and Special Initiatives.

According to the statement, this crucial stage seeks to reshape the foundation of bilateral ties via increased cooperation, cutting-edge technology transfer, and revolutionary socioeconomic initiatives.

Planning Minister Ahsan Iqbal is leading Pakistan’s participation in a number of high-profile gatherings in China, such as the 3rd Forum on China-Indian Ocean Region Development Cooperation in Kunming and the High-Level Seminar on CPEC-2 in Beijing.

His involvement demonstrates Pakistan’s commitment to reviving CPEC, resolving outstanding concerns, and developing a strong phase-2 roadmap that considers both countries’ long-term prosperity.

At the core of these interactions is China’s steadfast determination to turn CPEC into a strategic alliance that promotes development, progress, and connectivity.

Instead of being marginalised, CPEC is developing into a multifaceted framework with five main thematic corridors: the Opening-Up/Regional Connectivity Corridor, the Innovation Corridor, the Green Corridor, the Growth Corridor, and the Livelihood-Enhancing Corridor.

With the help of projects like these, the two countries will fortify their partnership, and CPEC phase-2 will become a model of global economic integration and collaboration that benefits not just China and Pakistan but the entire region.

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The inflation rate in Pakistan dropped to its lowest level.

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6 days ago

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On December 2, core inflation as determined by the Consumer Price Index (CPI) significantly slowed, falling to 4.9% in November 2024 from 7.2 percent in October 2024.

The CPI-based inflation rate for the same month last year (November 2023) was 29.2%, according to PBS data.

Compared to a 1.2% gain in the prior month, it increased by 0.5% month over month in November 2024.

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