UK lawmakers brand Facebook “‘digital gangsters”

23 Sept 05:17 Key points summarised by AI

British lawmakers issued a scathing report accusing Facebook of acting like “digital gangsters” by intentionally violating data privacy and anti-competition laws.
The report calls for a mandatory code of ethics for social media companies, overseen by an independent regulator, to better control harmful and illegal content.
Facebook was specifically criticized for its structure, which appears designed to conceal responsibility, and CEO Mark Zuckerberg for showing contempt by declining to appear before the committee.
The parliamentary committee's findings aim to influence government policy on competition and disinformation, emphasizing the urgent need to end inadequate self-regulation and protect democracy.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.