Refugees lack COVID shots because drugmakers fear lawsuits - documents
Tens of millions of migrants may be denied COVID-19 vaccines from a global programme because some major manufacturers are worried about legal risks from harmful side effects, according to officials and internal documents from Gavi, the charity operating the programme, reviewed by Reuters.
Nearly two years into a pandemic that has already killed more than 5 million people, only about 7% of people in low-income countries have received a dose. Vaccine deliveries worldwide have been delayed by production problems, hoarding by rich countries, export restrictions and red tape. Many programmes have also been hampered by hesitancy among the public.
Tens of millions of migrants may be denied COVID-19 vaccines from a global programme because some major manufacturers are worried about legal risks from harmful side effects, according to officials and internal documents from Gavi, the charity operating the programme, reviewed by Reuters.
Nearly two years into a pandemic that has already killed more than 5 million people, only about 7% of people in low-income countries have received a dose. Vaccine deliveries worldwide have been delayed by production problems, hoarding by rich countries, export restrictions and red tape. Many programmes have also been hampered by hesitancy among the public.
U.S. relaxes restriction on abortion pill, allows women to obtain by mail
The U.S. government on Thursday permanently eased some restrictions on a pill used to terminate early pregnancies, allowing the drug to be sent by mail rather than requiring it to be dispensed in person.
The decision by the Food and Drug Administration comes as the right to obtain an abortion, established in the 1973 Supreme Court ruling Roe v. Wade, hangs in the balance.
The medication, generically known as mifepristone, is approved for use up to 10 weeks of pregnancy and is also sometimes prescribed to treat women who are having miscarriages.
"The FDA’s decision will come as a tremendous relief for countless abortion and miscarriage patients," said Georgeanne Usova, senior legislative counsel at the ACLU.
The U.S. government on Thursday permanently eased some restrictions on a pill used to terminate early pregnancies, allowing the drug to be sent by mail rather than requiring it to be dispensed in person.
The decision by the Food and Drug Administration comes as the right to obtain an abortion, established in the 1973 Supreme Court ruling Roe v. Wade, hangs in the balance.
The medication, generically known as mifepristone, is approved for use up to 10 weeks of pregnancy and is also sometimes prescribed to treat women who are having miscarriages.
"The FDA’s decision will come as a tremendous relief for countless abortion and miscarriage patients," said Georgeanne Usova, senior legislative counsel at the ACLU.
Russia tells NATO to leave eastern Europe, stay out of former USSR
Russia said on Friday it wanted a legally binding guarantee that the NATO military alliance would give up any military activity in Eastern Europe and Ukraine, part of a wish list of ambitious security guarantees it wants to negotiate with the West.
The demands form a package that Moscow says is an essential requirement for lowering tensions in Europe and defusing a crisis over Ukraine, which Western countries have accused Russia of sizing up for a potential new attack- something it has denied.
But they also contained elements - such as an effective Russian veto on NATO membership for Ukraine - that the West has already ruled out.
Presenting the demands in detail for the first time, Deputy Foreign Minister Sergei Ryabkov told reporters that Russia and the West must start from a clean sheet in rebuilding relations.
Russia said on Friday it wanted a legally binding guarantee that the NATO military alliance would give up any military activity in Eastern Europe and Ukraine, part of a wish list of ambitious security guarantees it wants to negotiate with the West.
The demands form a package that Moscow says is an essential requirement for lowering tensions in Europe and defusing a crisis over Ukraine, which Western countries have accused Russia of sizing up for a potential new attack- something it has denied.
But they also contained elements - such as an effective Russian veto on NATO membership for Ukraine - that the West has already ruled out.
Presenting the demands in detail for the first time, Deputy Foreign Minister Sergei Ryabkov told reporters that Russia and the West must start from a clean sheet in rebuilding relations.
Tesla faces investor lawsuit over Musk tweets on 10% stock sales
Tesla Inc (TSLA.O) was hit by a lawsuit over CEO Elon Musk's social media posts including his Twitter poll on stock sales that pulled down its stock prices.
Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the U.S. securities regulator and its board members failed to adhere to their fiduciary duties.
In 2018, Musk settled a lawsuit by the Securities and Exchange Commission over his tweet on taking the company private, agreeing to have the company’s lawyers pre-approve tweets with material information about the company.
Tesla shares, which had hovered near record-highs, lost their value by about a quarter after Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed. He has since sold nearly $14 billion worth of shares so far.
Tesla Inc (TSLA.O) was hit by a lawsuit over CEO Elon Musk's social media posts including his Twitter poll on stock sales that pulled down its stock prices.
Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the U.S. securities regulator and its board members failed to adhere to their fiduciary duties.
In 2018, Musk settled a lawsuit by the Securities and Exchange Commission over his tweet on taking the company private, agreeing to have the company’s lawyers pre-approve tweets with material information about the company.
Tesla shares, which had hovered near record-highs, lost their value by about a quarter after Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed. He has since sold nearly $14 billion worth of shares so far.
Amazon partnered with China propaganda arm
Amazon.com Inc was marketing a collection of President Xi Jinping's speeches and writings on its Chinese website about two years ago, when Beijing delivered an edict, according to two people familiar with the incident. The American e-commerce giant must stop allowing any customer ratings and reviews in China.
A negative review of Xi's book prompted the demand, one of the people said. "I think the issue was anything under five stars," the highest rating in Amazon's five-point system, said the other person.
Ratings and reviews are a crucial part of Amazon's e-commerce business, a major way of engaging shoppers. But Amazon complied, the two people said. Currently, on its Chinese site Amazon.cn, the government-published book has no customer reviews or any ratings. And the comments section is disabled.
Amazon.com Inc was marketing a collection of President Xi Jinping's speeches and writings on its Chinese website about two years ago, when Beijing delivered an edict, according to two people familiar with the incident. The American e-commerce giant must stop allowing any customer ratings and reviews in China.
A negative review of Xi's book prompted the demand, one of the people said. "I think the issue was anything under five stars," the highest rating in Amazon's five-point system, said the other person.
Ratings and reviews are a crucial part of Amazon's e-commerce business, a major way of engaging shoppers. But Amazon complied, the two people said. Currently, on its Chinese site Amazon.cn, the government-published book has no customer reviews or any ratings. And the comments section is disabled.
Apple seeks dismissal of India apps market antitrust case, cites tiny market share
Apple Inc (AAPL.O) has asked India's antitrust watchdog to throw out a case alleging abuse of market power in the apps market, saying it is too small a player in the South Asian country where Google is dominant, a filing seen by Reuters shows.
The filing was made after the Competition Commission of India (CCI) started reviewing allegations that Apple hurts competition by forcing app developers to use its proprietary system which can charge commissions of up to 30% on in-app purchases.
Apple denied the allegations in its filing to the CCI and stressed that its market share in India is an "insignificant" 0-5%, while Google commands 90-100% as its Android operating system powers most other smartphones.
"Apple is not dominant in the Indian market ... Without dominance, there can be no abuse," Apple said in the submission dated Nov. 16 which was signed by its Chief Compliance Officer, Kyle Andeer.
Apple Inc (AAPL.O) has asked India's antitrust watchdog to throw out a case alleging abuse of market power in the apps market, saying it is too small a player in the South Asian country where Google is dominant, a filing seen by Reuters shows.
The filing was made after the Competition Commission of India (CCI) started reviewing allegations that Apple hurts competition by forcing app developers to use its proprietary system which can charge commissions of up to 30% on in-app purchases.
Apple denied the allegations in its filing to the CCI and stressed that its market share in India is an "insignificant" 0-5%, while Google commands 90-100% as its Android operating system powers most other smartphones.
"Apple is not dominant in the Indian market ... Without dominance, there can be no abuse," Apple said in the submission dated Nov. 16 which was signed by its Chief Compliance Officer, Kyle Andeer.
Four people killed in expressway bridge collapse in China's Hubei province
Four people were killed and another eight injured on Saturday when part of a bridge ramp collapsed in Ezhou City, in China's central Hubei province, the official Xinhua news agency reported.
The bridge collapsed over an expressway, causing three trucks to fall while a car was crushed underneath, Xinhua reported, adding an investigation is under way.
Work was being carried out on the bridge when the incident occurred, the report said.
Four people were killed and another eight injured on Saturday when part of a bridge ramp collapsed in Ezhou City, in China's central Hubei province, the official Xinhua news agency reported.
The bridge collapsed over an expressway, causing three trucks to fall while a car was crushed underneath, Xinhua reported, adding an investigation is under way.
Work was being carried out on the bridge when the incident occurred, the report said.
NATO will not let Russia dictate its military posture, Germany says
NATO will discuss Russia's security proposals but it will not let Moscow dictate the alliance's military posture, German Defence Minister Christine Lambrecht said on Sunday on a visit to German troops based in Lithuania to deter a Russian attack.
On Friday, Moscow set out a list of demands for the West that includes withdrawing NATO battalions from Poland and Estonia, Latvia and Lithuania, once part of the Soviet Union.
NATO will discuss Russia's security proposals but it will not let Moscow dictate the alliance's military posture, German Defence Minister Christine Lambrecht said on Sunday on a visit to German troops based in Lithuania to deter a Russian attack.
On Friday, Moscow set out a list of demands for the West that includes withdrawing NATO battalions from Poland and Estonia, Latvia and Lithuania, once part of the Soviet Union.
Data hunters will be Big Pharma’s next prey
Big Pharma will need to tool up in the data arms race. Drug giants like AstraZeneca (AZN.L) are pouring $160 billion a year into unearthing new treatments. Artificial intelligence could provide a shortcut, by helping discover new treatments and getting them to market sooner. That makes firms like Exscientia (EXAI.O), Relay Therapeutics (RLAY.O) and Recursion Pharmaceuticals (RXRX.O) hot property.
The pandemic has given a tangible example of the value of machine learning, a kind of computer programme that processes vast amounts of data quickly and spots trends that humans might miss. Technicians at UK-based BenevolentAI realised by running patients’ medical history and previous trial results through their algorithms that Baricitinib, an arthritis treatment, might also help Covid-19 sufferers.
Big Pharma will need to tool up in the data arms race. Drug giants like AstraZeneca (AZN.L) are pouring $160 billion a year into unearthing new treatments. Artificial intelligence could provide a shortcut, by helping discover new treatments and getting them to market sooner. That makes firms like Exscientia (EXAI.O), Relay Therapeutics (RLAY.O) and Recursion Pharmaceuticals (RXRX.O) hot property.
The pandemic has given a tangible example of the value of machine learning, a kind of computer programme that processes vast amounts of data quickly and spots trends that humans might miss. Technicians at UK-based BenevolentAI realised by running patients’ medical history and previous trial results through their algorithms that Baricitinib, an arthritis treatment, might also help Covid-19 sufferers.
Malaysia's labour abuse allegations a risk to export growth model
Malaysia's government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country's economy, or face risks to its export-reliant growth model, experts warn.
Malaysia has for decades banked on migrant workers to power mainstay manufacturing and agriculture, becoming an integral part of the global supply chain for products as diverse as semiconductors, iPhone components, medical gloves and palm oil.
But as the reliance on foreign labour has increased, so have complaints of abusive working and living conditions for workers, who come mainly from Indonesia, Bangladesh and Nepal.
Southeast Asia's third-biggest economy must reform its labour laws and improve enforcement, while companies should invest to ensure better conditions, said 11 analysts, ratings agencies, researchers, corporate consultants and activists interviewed by Reuters.
Malaysia's government and companies must address mounting allegations of workplace abuse of migrant labourers who fuel the country's economy, or face risks to its export-reliant growth model, experts warn.
Malaysia has for decades banked on migrant workers to power mainstay manufacturing and agriculture, becoming an integral part of the global supply chain for products as diverse as semiconductors, iPhone components, medical gloves and palm oil.
But as the reliance on foreign labour has increased, so have complaints of abusive working and living conditions for workers, who come mainly from Indonesia, Bangladesh and Nepal.
Southeast Asia's third-biggest economy must reform its labour laws and improve enforcement, while companies should invest to ensure better conditions, said 11 analysts, ratings agencies, researchers, corporate consultants and activists interviewed by Reuters.
Nikola Corp agrees to pay $125 mln to settle SEC charges of defrauding investors
Nikola Corp (NKLA.O) has agreed to pay $125 million to settle civil charges that it defrauded investors by misleading them about its products, technical advancements and commercial prospects, the U.S. securities regulator said on Tuesday.
The Securities and Exchange Commission (SEC) accused the electric vehicle maker of violating U.S. securities laws with numerous misleading statements made from March to September 2020 about in-house production capabilities, reservation book and financial outlook.
The settlement follows civil and criminal charges filed in July against Nikola founder Trevor Milton for using social media to repeatedly mislead investors about the company's technology and capabilities, reaping "tens of millions of dollars" as a result of his misconduct. Milton is battling those charges in court after losing a bid to dismiss or move the case.
Nikola Corp (NKLA.O) has agreed to pay $125 million to settle civil charges that it defrauded investors by misleading them about its products, technical advancements and commercial prospects, the U.S. securities regulator said on Tuesday.
The Securities and Exchange Commission (SEC) accused the electric vehicle maker of violating U.S. securities laws with numerous misleading statements made from March to September 2020 about in-house production capabilities, reservation book and financial outlook.
The settlement follows civil and criminal charges filed in July against Nikola founder Trevor Milton for using social media to repeatedly mislead investors about the company's technology and capabilities, reaping "tens of millions of dollars" as a result of his misconduct. Milton is battling those charges in court after losing a bid to dismiss or move the case.
China's official Xinhua News Agency to issue digital photos as NFTs
China's state-owned news agency Xinhua said on Wednesday it will issue the country's first collection of digital journalistic photos via blockchain-based non-fungible tokens (NFTs), "imprinting digital memories into the metaverse".
Xinhua said in an official notice it plans to issue the 11 photos free of charge online at 8 p.m. local time (1200GMT) on Dec. 24, using the NFT technology - each with limited copies of 10,000.
NFTs are blockchain-based ownership certificates that have gained immense popularity this year, featuring everything from an autographed tweet to paintings.
The move comes even as China has sought to root out cryptocurrencies, also backed by blockchain technologies, by banning trading and mining of digital currencies earlier this year.
China's state-owned news agency Xinhua said on Wednesday it will issue the country's first collection of digital journalistic photos via blockchain-based non-fungible tokens (NFTs), "imprinting digital memories into the metaverse".
Xinhua said in an official notice it plans to issue the 11 photos free of charge online at 8 p.m. local time (1200GMT) on Dec. 24, using the NFT technology - each with limited copies of 10,000.
NFTs are blockchain-based ownership certificates that have gained immense popularity this year, featuring everything from an autographed tweet to paintings.
The move comes even as China has sought to root out cryptocurrencies, also backed by blockchain technologies, by banning trading and mining of digital currencies earlier this year.
Tesla's Musk says he sold 'enough stock'; slams California for 'overtaxation'
Tesla CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10% of his shares in the world's most valuable car company, according to an interview released on Tuesday.
The billionaire, who moved the company's headquarters from California to Texas this month after his personal move, also slammed California for "overtaxation" and "overregulation."
Tesla shares, which had hovered near record highs, lost about a quarter of their value after Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed.
Tesla shares surged nearly 4% in morning trade on Wednesday.
Tesla CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10% of his shares in the world's most valuable car company, according to an interview released on Tuesday.
The billionaire, who moved the company's headquarters from California to Texas this month after his personal move, also slammed California for "overtaxation" and "overregulation."
Tesla shares, which had hovered near record highs, lost about a quarter of their value after Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed.
Tesla shares surged nearly 4% in morning trade on Wednesday.
Intel China apologises over Xinjiang supplier statement
U.S. chip maker Intel apologised on Thursday to Chinese customers, partners and the public for telling its suppliers not to source products or labour from the region of Xinjiang, following a backlash in China.
The company recently published what it described as an annual letter to suppliers, dated December, that it had been "required to ensure that its supply chain does not use any labour or source goods or services from the Xinjiang region", following restrictions imposed by "multiple governments".
That letter, on the company's website and in several languages, sparked a backlash in China from state and social media, with calls for a boycott of the company's products.
In a Chinese-language statement on Thursday on its official WeChat account, Intel said that its commitment to avoid supply chains from Xinjiang was an expression of compliance with U.S. law, rather than a statement of its position on the issue.
U.S. chip maker Intel apologised on Thursday to Chinese customers, partners and the public for telling its suppliers not to source products or labour from the region of Xinjiang, following a backlash in China.
The company recently published what it described as an annual letter to suppliers, dated December, that it had been "required to ensure that its supply chain does not use any labour or source goods or services from the Xinjiang region", following restrictions imposed by "multiple governments".
That letter, on the company's website and in several languages, sparked a backlash in China from state and social media, with calls for a boycott of the company's products.
In a Chinese-language statement on Thursday on its official WeChat account, Intel said that its commitment to avoid supply chains from Xinjiang was an expression of compliance with U.S. law, rather than a statement of its position on the issue.
'Keep the defender guessing': Russia's military options on Ukraine
Russia's deployment of tens of thousands of troops to the north, east and south of Ukraine is fuelling fears in Kyiv and Western capitals that Moscow is planning a new attack. Russia denies any such plans.
Western military analysts have suggested that Russia cannot keep such troops deployed where they are indefinitely due to financial and logistical issues and would need to pull them back by the summer of next year.
Estimates of the numbers of new Russian troops moved closer to Ukraine vary from 60,000-90,000, with a U.S. intelligence document suggesting that number could be ramped up to 175,000.
U.S. officials have warned Russia might launch a new attack against Ukraine as early as the second half of next month when the ground will be harder, making it easier for tanks and other armour to move swiftly.
Russia's deployment of tens of thousands of troops to the north, east and south of Ukraine is fuelling fears in Kyiv and Western capitals that Moscow is planning a new attack. Russia denies any such plans.
Western military analysts have suggested that Russia cannot keep such troops deployed where they are indefinitely due to financial and logistical issues and would need to pull them back by the summer of next year.
Estimates of the numbers of new Russian troops moved closer to Ukraine vary from 60,000-90,000, with a U.S. intelligence document suggesting that number could be ramped up to 175,000.
U.S. officials have warned Russia might launch a new attack against Ukraine as early as the second half of next month when the ground will be harder, making it easier for tanks and other armour to move swiftly.
U.S. SEC rejects Valkyrie, Kryptoin bitcoin trusts
The U.S. Securities and Exchange Commission vetoed two proposals to offer bitcoin exchange-traded funds, dealing a blow to market participants who had hoped the agency would green light the effort after approving futures-backed bitcoin funds in October.
In a notice dated Wednesday, the markets regulator said both of the proposals to list and trade shares of Valkyrie Bitcoin Fund and the Kryptoin Bitcoin ETF Trust failed to be approved because they did not meet its standard.
The U.S. Securities and Exchange Commission vetoed two proposals to offer bitcoin exchange-traded funds, dealing a blow to market participants who had hoped the agency would green light the effort after approving futures-backed bitcoin funds in October.
In a notice dated Wednesday, the markets regulator said both of the proposals to list and trade shares of Valkyrie Bitcoin Fund and the Kryptoin Bitcoin ETF Trust failed to be approved because they did not meet its standard.
Russian court fines Alphabet's Google 7.2 bln roubles
A Moscow court on Friday said it was fining Alphabet's Google (GOOGL.O) 7.2 billion roubles ($98 million) for what it said was a repeated failure to delete content Russia deems illegal, the first revenue-based fine of its kind in Russia.
Moscow has increased pressure on big tech this year in a campaign that critics characterise as an attempt by the Russian authorities to exert tighter control over the internet, something they say threatens individual and corporate freedom.
Google said in an email it would study the court ruling before deciding on further steps.
Russia has imposed small fines on foreign technology companies throughout this year, but Friday's penalty marks the first time it has exacted a percentage of a company's annual Russian turnover, greatly increasing the sum of the fine.
A Moscow court on Friday said it was fining Alphabet's Google (GOOGL.O) 7.2 billion roubles ($98 million) for what it said was a repeated failure to delete content Russia deems illegal, the first revenue-based fine of its kind in Russia.
Moscow has increased pressure on big tech this year in a campaign that critics characterise as an attempt by the Russian authorities to exert tighter control over the internet, something they say threatens individual and corporate freedom.
Google said in an email it would study the court ruling before deciding on further steps.
Russia has imposed small fines on foreign technology companies throughout this year, but Friday's penalty marks the first time it has exacted a percentage of a company's annual Russian turnover, greatly increasing the sum of the fine.
Iran says war games in Gulf were warning to Israel
War games conducted this week by Iran in the Gulf were intended to send a warning to Israel, the country's top military commanders said on Friday, amid concerns over possible Israeli plans to target Iranian nuclear sites.
The Revolutionary Guards' war games included firing ballistic and cruise missiles. State television showed missiles flattening a target which resembled Israel's Dimona nuclear reactor at the conclusion of the exercises on Friday.
"Through a simulation of the Dimona atomic facilities, the Revolutionary Guards successfully practiced attacking this critical centre of the Zionist regime in its missile exercise," the semi-official news agency Tasnim said.
"These exercises had a very clear message: a serious, real ... warning to threats by the Zionist regime's authorities to beware of their mistakes," Guards chief General Hossein Salami said on state TV.
War games conducted this week by Iran in the Gulf were intended to send a warning to Israel, the country's top military commanders said on Friday, amid concerns over possible Israeli plans to target Iranian nuclear sites.
The Revolutionary Guards' war games included firing ballistic and cruise missiles. State television showed missiles flattening a target which resembled Israel's Dimona nuclear reactor at the conclusion of the exercises on Friday.
"Through a simulation of the Dimona atomic facilities, the Revolutionary Guards successfully practiced attacking this critical centre of the Zionist regime in its missile exercise," the semi-official news agency Tasnim said.
"These exercises had a very clear message: a serious, real ... warning to threats by the Zionist regime's authorities to beware of their mistakes," Guards chief General Hossein Salami said on state TV.
On Santa tracking call, Biden is told 'Let's go Brandon' - and says he agrees
A vulgar anti-Biden slogan made for an awkward moment on Friday during President Joe Biden's phone calls with children tracking Santa's flight when a father said, "Let's Go Brandon."
The refrain, a sanitized version of "Fuck Joe Biden," has been an internet sensation since a television journalist told race car driver Brandon Brown that a NASCAR crowd shouting the vulgarity was actually saying, "Let's go Brandon."
Biden and his wife Jill Biden were taking calls into the North American Aerospace Defense Command Santa Tracker, which follows the progress of Santa’s reindeer-guided sleigh for millions of children.
At the end of one call, a parent who gave his name as Jared said, "Merry Christmas and Let's go Brandon."
"Let's go Brandon, I agree," a relaxed Biden responded, before asking Jared if he was in Oregon. By that point, the call was disconnected.
A vulgar anti-Biden slogan made for an awkward moment on Friday during President Joe Biden's phone calls with children tracking Santa's flight when a father said, "Let's Go Brandon."
The refrain, a sanitized version of "Fuck Joe Biden," has been an internet sensation since a television journalist told race car driver Brandon Brown that a NASCAR crowd shouting the vulgarity was actually saying, "Let's go Brandon."
Biden and his wife Jill Biden were taking calls into the North American Aerospace Defense Command Santa Tracker, which follows the progress of Santa’s reindeer-guided sleigh for millions of children.
At the end of one call, a parent who gave his name as Jared said, "Merry Christmas and Let's go Brandon."
"Let's go Brandon, I agree," a relaxed Biden responded, before asking Jared if he was in Oregon. By that point, the call was disconnected.
Turkish unit of crypto exchange Binance fined, news agency says
Turkey's Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency said on Saturday.
The fine imposed on BN Teknoloji was the first of its kind after the authority took on responsibilities to oversee crypto asset service providers in May, the state-owned news agency said, without elaborating on the violations or inspections.
A Binance spokesperson said the company did not discuss publicly its communications with the authorities and regulators. MASAK could not be reached for comment at the weekend.
Turkey's Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency said on Saturday.
The fine imposed on BN Teknoloji was the first of its kind after the authority took on responsibilities to oversee crypto asset service providers in May, the state-owned news agency said, without elaborating on the violations or inspections.
A Binance spokesperson said the company did not discuss publicly its communications with the authorities and regulators. MASAK could not be reached for comment at the weekend.