Search Site

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

Twitter withdraws from EU disinformation code

"If (Elon Musk) doesn't take the code seriously, then it's better that he quits," an EU official said. (AFP)
  • Since buying the social network six months ago, billionaire Elon Musk seems to have relaxed the moderation of problematic content.
  • The code was written by the industry players themselves and contains over three dozen pledges such as better cooperation with fact-checkers.

BRUSSELS, BELGIUM – Twitter has decided to leave the EU’s disinformation code, a voluntary pact that groups together the major social platforms, but “its obligations remain,” EU Industry Commissioner Thierry Breton tweeted Saturday.

Launched in 2018, the EU’s code of practice on disinformation counts nearly three dozen signatories including the giants in the sector such as Meta, Google, Twitter, Microsoft and TikTok.

It also covers smaller platforms, as well as advertisers and fact-checkers and non-governmental organizations.

The code was written by the industry players themselves and contains over three dozen pledges such as better cooperation with fact-checkers and not promoting actors distributing disinformation.

“You can run but you can’t hide. Beyond voluntary commitments, fighting disinformation will be legal obligation under DSA (digital services law) as of August 25,” he wrote.

“Our teams will be ready for enforcement,” he warned.

Since buying the social network six months ago, billionaire Elon Musk has relaxed the moderation of problematic content, which appears to have amplified the voices of propagators of disinformation on the platform.

“If (Elon Musk) doesn’t take the code seriously, then it’s better that he quits,” a European Commission official had told AFP on Friday.