A new class of Internet intermediaries faces new regulation, court rules

New rules will soon be introduced that will give regulators new authority to regulate intermediary services as well as traditional intermediaries that help people connect online.These new regulations, known as a Digital Interface Registration (DIR) or DIR, were proposed by the Federal Communications Commission and are expected to be approved by the FCC in the

‘We’re trying to get the price down’: Telstra says it’s not making up for lost revenue

Telstra has acknowledged the company lost about $10 billion from the Telstra Network Transaction as part of its $1.6 billion acquisition of the struggling telecommunications company in 2017.The telco’s Chief Executive Officer Michael O’Brien said on Monday that the net loss from the deal is now $10.7 billion.That includes $3 billion from Telstra’s share price

How to use the new tax-free savings accounts

When I first heard of tax-exempt retirement savings accounts, I assumed they were just for old-fashioned savers.That’s because they’re really for people who can’t afford to save at all and just want to do something to give themselves a bit of money to get through retirement.They’re also an excellent way for low-income Americans to save

Australian military says it will replace $40 million of the $100 million it owes to an intermediary service provider

AUSTRALIA’S military is set to repay its $40m to a company for providing an intermediary services provider, amid allegations that the defence’s top brass knew about the issue.The Australian Defence Force’s chief of staff and a senior military officer were among the five who spoke to the Financial Review, which revealed the repayment plan to

Which Chinese banks are the biggest, the most influential, and the most corrupt?

It’s a question that will likely be asked again and again as we learn more about the extent of Chinese financial institutions’ influence in the United States.The latest data from the U.S. Office of Government Ethics shows that the Chinese government’s largest banks have a combined total of $10.7 trillion in assets.They are the largest

How to avoid a $25,000 payment when you use foreign intermediary services

More than two years ago, the IRS issued guidance that requires you to make sure you know how to make a payment using a foreign intermediary.But now, with the guidance in place, many people are using the advice to pay for their foreign intermediary accounts.In fact, the Federal Trade Commission has taken issue with the

What you need to know about the ACA’s reinsurance intermediary service agreements

What you’re about to read could be the first sign of a big change in the way the government handles reinsurance payments for insurers and other intermediaries.For decades, reinsurance intermediaries have gotten preferential treatment over reinsurers, meaning that the government pays them much more than reinsurers do.The last major reform, which was passed in 2010,

How to spot a fraudster online: What to look for

The Jerusalem Times is reporting that Israeli and American investigators are examining a possible cyberattack on the Israeli government that could compromise its nuclear programme.The cyberattack may have involved “hacking and manipulation of the Israeli Ministry of Energy’s website” and potentially the country’s nuclear program.The investigation, the newspaper reported, is “focused on the possibility that

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