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European Central Bank policymakers see a rising risk that they will have to raise their key interest rate to 2% or more to curb record-high inflation in the euro zone despite a likely recession.

World Business Watch: ECB governors see rising risk of rate hitting 2% to curb inflation

After the Hong Kong government lifted quarantine rules for the passengers, Cathay Pacific airlines will now increase the flying capacity in coming months. The airlines' capacity was at 12.4% pre Covid in the month of July and now they will try to reach 25% by the end of the year.

WION Business News: Cathay Pacific to increase flying capacity after quarantine rules lifted

The Biden administration plans next month to broaden curbs on US shipments to China of semiconductors used for artificial intelligence and chipmaking tools.

World Business Watch: US to broaden restrictions on China chip shipments

Shares of Smith & Wesson slumped about 5% in extended trade on Thursday after the gunmaker posted quarterly results that underscored a drop in consumer demand following a surge two years ago.

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The global slump in Bitcoin value has hit El Salvador very hard from peak of $60,000 it's now below $20,000. El Salvador adopted famous cryptocurrency Bitcoin last year with plans to unveil a Bitcoin city but the fall in global prices has disrupted the big investments.

El Salvador's crypto dreams crumbled

Do you like your boss? Does he understands your needs? Is he emotionally intelligent? It's high-time we start asking these questions to ourselves. Young people leaving the workforce has become a norm now. How has this feeling been sparked in people after Covid? Watch the video to know more about it.

WION Business News: Do you like your boss? Is he emotionally intelligent?

Some workers at Mercedes-Benz plant have gone on strike after the Brazilian arm of the company announced plans to lay off 3,600 employees. The employee union said in a statement that workers would strike until September 12th.

Brazil: Mercedes-Benz union goes on strike, company announces plans to lay off 3600 employees

Japan's Honda motor would reduce car output by up to 40% at two Japanese plants for the rest of this month. It is due to ongoing supply chain and logistical problems. The manufacturing could be down because of a warning that automakers may not be able to lift production volumes in second half of financial year.

Japan: Honda to slash output by up to 40%

Global Advertising Giant has named India born Devika Bulchandani as Ogilvy's new global CEO. Bulchandani takes over from Andy Main who will step down as global CEO. She will serve as senior advisor till the end of this year.

Devika Bulchandani: Ogilvy's new Global CEO

Now Russians will have the chance to buy the new Apple iPhone 14 launched yesterday despite the US tech company having left the country. This has been made possible by Moscow's parallel import scheme.

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The Government of India is soon going to place certain new guidelines for social media influencers making it mandatory for them to declare their association with a brand or product they endorse.&nbsp; 
 
"The department of consumer affairs is coming out with guidelines on social media influencers. It is creating dos and don'ts for them," an official source has told a news agency.&nbsp; 
 
As per proposed guidelines, when a social media influencer endorses any brand after taking money, they will have to declare their association with that brand. 
 
Influencers often endorse products and brands on their page for which they are sometimes paid. Brands like to promote their products through these influencers as they enjoy a large following.&nbsp;

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The guidelines will have to be followed by influencers as well as celebrities who endorse any brand on social media.&nbsp; 
 
The Central Consumer Protection Authority (CCPA), under the Department of Consumer Affairs, has completed consultation with all stakeholders concerned on the matter. 
The posts will now have disclaimers when it's an endorsement. The guidelines might come into implementation within the next 15 days. If violated, a person may have to scoff up USD 12,500 for the first time, USD 25,000 the second time, and USD 62,500 for continuous violation.&nbsp; 
 
Meanwhile, the department has also completed the process of developing a framework to curb fake reviews posted on e-commerce websites.&nbsp; 
 
In May, the department along with the Advertising Standards Council of India (ASCI) held a virtual meeting with stakeholders, including e-commerce entities, to discuss the magnitude of fake reviews on their platforms. 
 
Fake reviews often mislead customers who shop online, typically without getting to see the product physically or experiencing it.&nbsp;

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The Government of India is soon going to place certain new guidelines for social media influencers making it mandatory for them to declare their association with a brand or product they endorse.

The Government of India is soon going to place certain new guidelines for social media influencers making it mandatory for them to declare their association with a brand or product they endorse. "The department of consumer affairs is coming out with guidelines on social media influencers. It is creating dos and don'ts for them," an official source has told a news agency. As per proposed guidelines, when a social media influencer endorses any brand after taking money, they will have to declare their association with that brand. Influencers often endorse products and brands on their page for which they are sometimes paid. Brands like to promote their products through these influencers as they enjoy a large following. × The guidelines will have to be followed by influencers as well as celebrities who endorse any brand on social media. The Central Consumer Protection Authority (CCPA), under the Department of Consumer Affairs, has completed consultation with all stakeholders concerned on the matter. The posts will now have disclaimers when it's an endorsement. The guidelines might come into implementation within the next 15 days. If violated, a person may have to scoff up USD 12,500 for the first time, USD 25,000 the second time, and USD 62,500 for continuous violation. Meanwhile, the department has also completed the process of developing a framework to curb fake reviews posted on e-commerce websites. In May, the department along with the Advertising Standards Council of India (ASCI) held a virtual meeting with stakeholders, including e-commerce entities, to discuss the magnitude of fake reviews on their platforms. Fake reviews often mislead customers who shop online, typically without getting to see the product physically or experiencing it. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Influencers in India to be fined for not declaring commercial ties with promoted brands, products

European Union Chief Ursula Von Der Leyen has said that the member states will discuss a price cap on Russian gas. It's part of measures to punish Moscow for invasion of Ukraine.

Energy Ministers from EU to discuss proposals on September 9

A view to bring transparency into murky world of influencer marketing is planning to impose stiff fines or penalties on influences not disclosing partnerships. The Indian government is likely to scrutinize the practice of paying popular people on social media to promote products now as per the proposed guidelines.

India: Rules for social media influencers, up to $62,000 fine for failing to disclose financial ties

The price of bitcoin, largest cryptocurrency, is stuck around at $19,000 now or below $20,000 not for many days. It is extremely odd for the dominant cryptocurrency that the excitement around bitcoin is dying down.

Struggling cryptocurrency firms face 'mixed results'

The global inflation swords with Russia's energy supplies in limbo. European Central Bank or the ECB is set to raise its interest rates today. It is to fight inflation and take a major move to a record high.

Price pressures continue to outpace pessimistic forecasts

The lifting of Covid curbs have boosted consumer and business spending. Japan's economy grew more than initially reported in second quarter. It translates into Japan seeing its economy growing for a third quarter in April-June.

Japan: Easing Covid curbs lift Japan spending

German airline Lufthansa and pilots' union VC said on Tuesday they had reached a deal in a wage dispute, averting a second strike that had been planned for later this week.

Lufthansa and pilots agree on wage deal

Mercedes-Benz will fire 3,600 employees in a restructuring of its truck and bus chassis plant in Brazil's Sao Paulo state amid pressures on its production.

Mercedes-Benz to lay off 3,600 workers in Brazil

After a bumper hiring spree in the aftermath of the pandemic, the tech giants might be looking to go back on their decision. Google and Alphabet CEO Sundar Pichai on Tuesday stated that he wants to make his company 20 per cent efficient while hinting at possible job cuts.

After a bumper hiring spree in the aftermath of the pandemic, the tech giants might be looking to go back on their decision. Google and Alphabet CEO Sundar Pichai on Tuesday stated that he wants to make his company 20 per cent efficient while hinting at possible job cuts. “We want to make sure as a company, when you have fewer resources than before, you are prioritizing all the right things to be working on and your employees are really productive that they can actually have impact on the things they’re working on so that’s what we are spending our time on,” said Pichai. The Google boss further added that as a company they were looking to get 20 per cent more productive, “Across everything we do, we can be slower to make decisions. You look at it end-to-end and figure out how to make the company 20 per cent more productive.” Read more: Google to slow down hiring, says Sundar Pichai in a memo to staff Terming uncertainty around macroeconomics, Pichai acknowledged the company had become “slower” after its headcount ballooned. “The more we try to understand the macroeconomic, we feel very uncertain about it. The macroeconomic performance is correlated to ad spend, consumer spend and so on,” added the Google boss. It is pertinent to note that this is not the first time that Pichai has hinted at slashing the workforce. In July, Pichai wrote a memo to his employees where he asserted that the company will be “slowing down the pace of hiring for the rest of the year” Pichai said that the company will have to “be more entrepreneurial” and work with “greater urgency, sharper focus, and more hunger than we’ve shown on sunnier days” He added that the company “isn’t freezing hiring entirely; it’ll still hire engineering, technical and other critical roles”, but the pullback, he added, will mean “pausing development and re-deploying resources to higher priority areas”. "For the balance of 2022 and 2023, we'll focus our hiring on engineering, technical and other critical roles, and make sure the great talent we do hire is aligned with our long-term priorities," Pichai reportedly wrote in the memo. Read more: Google to slow down hiring, says Sundar Pichai in a memo to staff Google slowing down its hiring can also be related to the advertisement revenue that has taken a tumble ever since Apple brought its new data policy, in addition to weaker-than-expected earnings in the second consecutive quarter. As reported by WION, a report released by Appsumer, an advertising analytics firm on Tuesday showed that Apple's competitors viz. Facebook and Google saw a 3 per cent and 1.7 per cent dip in the number of mobile apps advertising respectively. The study stated that more and more advertisers are willing to spend big bucks to advertise on Apple App Store, in addition to Apple News and Stocks. Advertisers allocated almost 15 per cent of their ad budget to Apple while both Google and Facebook saw a decline. Read more: Apple might have broken Google and Facebook's duopoly in the advertising market (With inputs from agencies) WATCH WION LIVE HERE:

Sundar Pichai hints at slashing Google workforce, wants company 20% more efficient

Apple Inc said on Tuesday it will appeal a Brazilian order banning it from selling iPhones without a battery charger, pushing back on claims that the company provides an incomplete product to consumers.

Apple to challenge ban on selling iPhones without chargers in Brazil

Oil prices rose about 3% on Monday, as OPEC+ members agreed to a small production cut of 100,000 barrels per day to bolster prices.

Oil up nearly 3% as OPEC+ agrees to small oil output cut

German auto major Volkswagen has announced its intention to float for an initial public offering of its super sports car brand Porsche. The IPO could be the largest in German history and the biggest in Europe since 1999.

Volkswagen triggers landmark Porsche IPO plan

Despite a resurgence in Covid-19 cases, Japan's household spending grew for a second straight month in July but inflationary pressures from the end slump to a 24-year-low.

Japan economy: Inflation risks loom

According to new regulations introduced in response to fears that bitcoin and other cryptoassets are being used to get over limitations put in place in response to Russia's invasion of Ukraine, cryptocurrency exchanges must notify suspected sanctions breaches to the UK authorities.&nbsp;

On August 30, official guidelines were revised to specifically include "cryptoassets" among the things that must be blocked if sanctions are placed on a person or business. Cryptoassets could include non-fungible tokens in addition to digital currencies like bitcoin, ether, and tether as well as other hypothetically valuable digital assets.

According to the regulations established by the Treasury's Office of Financial Penalties Implementation, cryptocurrency exchanges will be breaking the law if they fail to report customers who are subject to sanctions. According to the regulations, cryptocurrency exchanges have the same responsibility as professionals like estate agents, accountants, lawyers, and jewellers to take appropriate action if they suspect one of their customers is subject to penalties or if they suspect a breach of sanctions.&nbsp;

One of the UK's most notable responses to the invasion of Ukraine has been the imposition of financial penalties on individuals and businesses with ties to the Vladimir Putin administration.

Also Read:&nbsp;<a href="https://www.wionews.com/science/nasas-webb-telescope-captures-cosmic-tarantula-161000-light-years-away-513553">NASA’s Webb telescope captures cosmic tarantula 161,000 light-years away</a>

The stepdaughter of the foreign minister, Sergei Lavrov, Polina Kovaleva, and the daughter of Putin's spokesman, Dmitry Peskov, Elizaveta Peskova, had their accounts suspended, according to Binance, the largest cryptocurrency exchange in the world by trading volume. The exchange has allayed concerns that cryptocurrency may be used to circumvent sanctions.&nbsp;

The UK already has regulations against using cryptocurrency to circumvent sanctions and transfer money abroad. These laws cover all "economic resources." The modification highlights the authorities' worry about the relatively new assets, which may be helpful for avoiding sanctions because users do not rely on regulated firms to conduct transactions.

(with inputs from agencies)

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According to new regulations introduced in response to fears that bitcoin and other cryptoassets are being used to get over limitations put in place in response to Russia's invasion of Ukraine, cryptocurrency exchanges must notify suspected sanctions breaches to the UK authorities.

According to new regulations introduced in response to fears that bitcoin and other cryptoassets are being used to get over limitations put in place in response to Russia's invasion of Ukraine, cryptocurrency exchanges must notify suspected sanctions breaches to the UK authorities. On August 30, official guidelines were revised to specifically include "cryptoassets" among the things that must be blocked if sanctions are placed on a person or business. Cryptoassets could include non-fungible tokens in addition to digital currencies like bitcoin, ether, and tether as well as other hypothetically valuable digital assets. According to the regulations established by the Treasury's Office of Financial Penalties Implementation, cryptocurrency exchanges will be breaking the law if they fail to report customers who are subject to sanctions. According to the regulations, cryptocurrency exchanges have the same responsibility as professionals like estate agents, accountants, lawyers, and jewellers to take appropriate action if they suspect one of their customers is subject to penalties or if they suspect a breach of sanctions. One of the UK's most notable responses to the invasion of Ukraine has been the imposition of financial penalties on individuals and businesses with ties to the Vladimir Putin administration. Also Read: NASA’s Webb telescope captures cosmic tarantula 161,000 light-years away The stepdaughter of the foreign minister, Sergei Lavrov, Polina Kovaleva, and the daughter of Putin's spokesman, Dmitry Peskov, Elizaveta Peskova, had their accounts suspended, according to Binance, the largest cryptocurrency exchange in the world by trading volume. The exchange has allayed concerns that cryptocurrency may be used to circumvent sanctions. The UK already has regulations against using cryptocurrency to circumvent sanctions and transfer money abroad. These laws cover all "economic resources." The modification highlights the authorities' worry about the relatively new assets, which may be helpful for avoiding sanctions because users do not rely on regulated firms to conduct transactions. (with inputs from agencies)

Crypto for sanction evasion: Suspected breaches must be reported by Crypto exchanges in UK

Nearly a year after announcing its new ad policy, Apple may be bridging the gap between itself and Google and Facebook in the digital ads market, according to a recent study published by Appsumer, an advertising analytics firm.

Nearly a year after announcing its new ad policy, Apple may be bridging the gap between itself and Google and Facebook in the digital ads market, according to a recent study published by Appsumer, an advertising analytics firm. The study, based on online ad budgets of over 100 mobile app companies stated that advertisements on Apple's App store grew by 3.7 per cent to 94.8 per cent, compared to the 2021 Q2 data. Meanwhile, Apple's competitors viz. Facebook and Google saw a 3 per cent and 1.7 per cent dip in the number of mobile apps advertising respectively. The study makes it clear that more and more advertisers are willing to spend big bucks to advertise on App Store, in addition to Apple News and Stocks. Advertisers allocated almost 15 per cent of their ad budget to Apple while both Google and Facebook saw a decline. Read more: Ahead of iPhone 14 launch, Brazil suspends sale of iPhones without battery charger, imposes fine "Apple has joined the duopoly of Facebook and Google at the top table of advertiser adoption,” said the study. As reported by WION, Apple last year rolled out its new privacy policy called 'App Tracking Transparency' that required the apps on its platform to ask for users' permission to track their activity and share it with third parties. Read more: Only 10,000 iOS apps follow Apple's new user tracking guidelines so far: Report Succinctly put, Apple disrupted the entire 'personalised advertising' market as business houses had to reconsider their strategies. The change in policy meant that companies like Facebook found it more difficult to track users on the vast realms of the internet. However, Apple remained unscathed as its advertising business grew 238 per cent to $3.7 billion in 2021. Moreover, buoyant by its advertising revenue, Apple is planning to add more advertisements to its first-party apps that come pre-installed on iPhone. According to tech reports, Apple has already internally tested the ads on its Maps, Books, and Podcasts. If the Cupertino-based company rolls out the ad feature on these apps, it could very well take its advertising business revenue into double digits. Read more: Apple's next big money-making idea: More ads in iPhones (With inputs from agencies) WATCH WION LIVE HERE:

Apple might have broken Google and Facebook's duopoly in the advertising market

After Russia's Gazprom shut North Stream One gas pipeline, deepening Europe's energy crisis, Finland and Sweden have announced plans to offer billions of dollars in liquidity guarantees to power companies in their countries.

Europe Energy Crisis | Sweden, Finland step in to avert Lehman-like situation