Facebook's record fine has been approved by US regulators.
The social media platform was told to pay USD$ 5 billion (AED 18.2 billion) to settle an investigation into data privacy violations.
The US Federal Trade Commission (FTC) approved the historic fine in a 3-2 vote.
The FTC has been looking into allegations that consultanc0y firm Cambridge Analytica illegally obtained the data of close to 90 million Facebook users.
Chinese sellers on Amazon to hike prices or exit US as tariffs soar
Chinese companies that sell products on Amazon are preparing to hike prices for the US or quit that market due to US President Donald Trump's unprecedented tariff hikes, sellers and the head of China's largest e-commerce association said.
Trump walks back some tariffs, triggering historic market rally
In a stunning reversal, US President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.
Dubai Chambers strengthens ties with India
Dubai Chambers have organised a high-level business meeting in Mumbai with key officials and business leaders from both the UAE and India.
China retaliates as Trump trade tariffs kick in
China will impose 84 per cent tariffs on US goods from Thursday, up from the 34 per cent previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by US President Donald Trump.
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