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Facebook expects up to $5 billion in FTC fines

Friday, April 26, 2019, 7:57 AM

Facebook is expecting to pay as much as $5bn to the US Federal Trade Commission (FTC), it revealed in first-quarter financial reports, which otherwise showed continued revenue growth to more than $15bn for the first three months of the year. Facebook recorded a $3bn legal expense "in connection with the inquiry of the FTC into our platform and user data practices", the company said.
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RBI plans to attract more foreign capital for nation-building

Friday, April 26, 2019, 7:56 AM

Reserve Bank of India may revisit its policies to attract more foreign capital and restrict drainage of it to overseas markets, a move which will act as supplying oxygen to a capital-starved country. This may also address the sharp volatility of rupee in currency market. India is among the world's fastest growing countries and is the world's third largest economy today in PPP terms.
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Sri Lanka reduces Easter blasts death toll; says 253 killed

Friday, April 26, 2019, 7:55 AM

Sri Lanka on Thursday night revised down the death toll from the Easter Sunday blasts by more than 100, to "about 253", according to the health ministry. Authorities earlier said that nine suicide bombers, believed to be members of local Islamist extremist group called National Thowheed Jamath (NTJ), carried out the devastating blasts that killed 359 people and wounded more than 500 others.

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