Technologies
Facebook parent Meta reportedly facing another antitrust probe
The US Federal Trade Commission and multiple states are reportedly looking into potential anticompetitive practices by Meta’s virtual reality division, Oculus.
Facebook’s antitrust woes appear to be growing. On Friday, Bloomberg reported that the US Federal Trade Commission and multiple states, led by New York, are investigating potential anticompetitive practices by virtual reality headset maker Oculus. Facebook, which renamed itself Meta in October, owns Oculus.
Citing people with knowledge of the matter, Bloomberg said investigators have been asking developers questions about how “the Oculus app store may be discriminating against third parties that sell apps that compete with Meta’s own software.”
The FTC and the New York Attorney General’s office declined to comment. Meta didn’t immediately respond to a request for comment.
The reported investigation could create a setback for the social media giant’s plans to develop the metaverse, virtual spaces where people can work, play and socialize. It also highlights the increased US government scrutiny the company faces as it continues to grow.
This week, US District Judge James Boasberg denied Meta’s request to dismiss a revised antitrust complaint filed by the FTC, but he also signaled the agency will face an uphill battle when it comes to proving the allegations. The amended lawsuit, filed by the FTC in August, accuses the tech company of unlawfully maintaining its dominance in social networking by acquiring or eliminating companies it sees as competitive threats. Meta also owns popular photo service Instagram and messaging app WhatsApp. In the complaint, the FTC alleged that Facebook’s purchase of Instagram and WhatsApp have led to poorer services with decreased privacy and data protection, along with fewer consumer choices. Meta has said that its investment into both apps helped them grow and that “they have been good for competition.”
Last year, Boasberg dismissed a similar complaint filed by a group of state attorneys general. On Friday, the group filed an appeal brief arguing that the complaint shouldn’t have been dismissed and that the decision should be reversed.
“Mark Zuckerberg claims to be building the metaverse, but the actions of Facebook continue to cause significant harm to millions of consumers and many small businesses here in the real world,” said Attorney General Letitia James in a statement. “Time and again, the social media giant has used its market dominance to force small companies out of business and reduce competition for millions of users.”
Technologies
Verum Exchange Launches a $10 Bonus for Online Mining of Verum Coin and Bitcoin
Verum Exchange Launches a $10 Bonus for Online Mining of Verum Coin and Bitcoin
Verum Exchange is expanding its online mining capabilities, allowing users to earn a $10 bonus while continuing to mine cryptocurrency directly from their smartphones. The feature is available not only in the currency converter app but also within Verum Messenger.
Online mining has long been part of the Verum ecosystem. Now, the company has added a new incentive to the existing feature â a bonus for participating in online mining.
The concept of online mining is changing the traditional perception of cryptocurrency mining. Users do not need to set up specialized mining equipment at home or deal with complex technical configurations. The feature can be accessed directly through the Verum digital ecosystem.
Verum Exchange: https://exchange.verum.im
Verum Messenger: https://ios.verum.im
Technologies
Supreme Court permits certain Trump mail-in voting restrictions before midterm elections
The Supreme Court has temporarily blocked a lower court ruling that prevented the Trump administration from implementing new restrictions on mail-in voting, allowing the administration to proceed with its plan to impose new requirements on states ahead of the midterm elections.
The Supreme Court on Monday sided with President Donald Trump for now in his effort to impose sweeping new restrictions on distributing mail ballots, putting on hold a lower-court ruling that had blocked key parts of the plan ahead of Novemberâs midterm elections.
The justices, over three dissents, paused a ruling by U.S. District Judge Indira Talwani in Boston that prevented the Trump administration from carrying out portions of a March executive order involving the U.S. Postal Service and voter eligibility lists. The courtâs three liberal justices dissented.
But the decision does not immediately allow the Postal Service to put its new mail-ballot system into effect.
A separate nationwide injunction issued Aug. 11 by U.S. District Judge Indira Talwani in Boston still blocks USPS from implementing the new procedures for the Nov. 3 elections. The administration would have to overcome that order as well.
The distinction was central to the Supreme Courtâs decision.
The majority said Trumpâs executive order itself does not require states to change how they conduct elections. Instead, it directs federal agencies to develop policies that could later impose requirements on states. Because those policies had not yet been implemented when 23 states and Washington, D.C., challenged the order, the court said the challenge was premature.
The justices stressed they were not deciding whether Trumpâs order or the policies developed under it are ultimately legal.
âThe Courtâs disposition of this application does not mean that any measure taken by the Government to implement the Order will necessarily be lawful,â the majority wrote. âOn that score, time will tell.â
The Postal Service last week finalized rules intended to carry out part of Trumpâs order, including new requirements involving ballot envelopes, barcodes and information states must provide USPS. Those rules remain blocked by Talwaniâs separate injunction.
The case now returns to the 1st U.S. Circuit Court of Appeals as the underlying legal fight continues. Some states have already started preparing to send ballots to military and overseas voters in early September.
Technologies
Trump targets Iranâs trade lifelines â here are the countries most exposed
Washington’s threat of “economic D-Day” collides with a small group of governments that account for most of what remains of Iran’s foreign trade.
The U.S. announced an âeconomic D-Dayâ campaign Monday to isolate Iran from the global economy, threatening penalties against âenablersâ that continue doing business with Tehran.
The move is part of Washingtonâs bid to sever the trade lifeline that has sustained Tehranâs economy through nearly six months of war.
While enforcement details are sketchy, the threat could still put the U.S. on a collision course with some of Tehranâs major trade partners.
China
China is the biggest buyer of Iranian oil and serves as a crucial link to the global economy for Tehran, accounting for about 90% of its oil exports, according to the U.S. government.
China reported $9.96 billion in bilateral trade with Iran in 2025, excluding the roughly $31.2 billion in unreported Iranian crude oil exports to China that year, according to the U.S.-China Economic and Security Review Commission.
Independent Chinese refiners take in the bulk of it, often rebranded as Malaysian or Indonesian crude and settled through intermediaries outside the dollar system, according to Kpler. The U.S. Treasury has sanctioned several of those refineries this year for Iranian oil purchases, while sparing Chinese financial institutions.
Beijing has openly opposed U.S. sanctions against Iran, arguing that economic pressure will not resolve the disputes. In May, China ordered domestic firms to disregard U.S. sanctions on five refiners linked to the Iranian oil trade.
While Beijing is unlikely to push back directly on Washingtonâs sanctions push, it will âquietly step up complianceâ among state banks and oil companies to avoid getting caught in the net, said Dan Wang, China director at Eurasia Group, pointing to âa dichotomy between the official statement and the private practice.â
âChinese authorities care more about dollar access in financing and market entry to the U.S.,â she said.
United Arab Emirates
The Emirates, located just 50 miles from Iran across the Persian Gulf, has long been a major trading hub for Iran.
The bilateral trade amounted to around $28 billion in 2024, when the Emirates was its largest source of imports, contributing over 30%, according to the World Trade Organization data. The UAE was also Iranâs third-largest export destination, making up 12% of its shipments, totaling more than $7 billion.
That relationship hit a snag last week as the UAE moved to suspend all trade and financial transactions with Iran, following two ballistic missiles fired toward Emirati territory, one of which targeted UAE-owned tankers.
Iran has relied on UAE banks and its financial system to access the world economy through illicit, often murky transactions, and cutting off Iran would require more forceful actions from Emirati authorities to crack down on opaque financial and trading activity, according to U.S.-based think tank The Washington Institute.
âThe majority of Iranâs transshipment, smuggling, and shadow banking activity takes place in Dubai, so Washington must do what it can to help the UAEâs national leaders in Abu Dhabi convince and cajole Dubaiâs leaders to play ball,â Matthew Levitt, a former U.S. Treasury official, wrote in a note on Monday.
Turkey
Turkey maintains significant commercial ties with Tehran, importing Iranian natural gas and exporting manufactured goods south.
The Turkey-Iran bilateral trade reached $5.7 billion in 2024, according to the Turkish Ministry of Foreign Affairs, with Ankara exporting mostly machinery and parts, chemical and agricultural products, while importing energy products from Tehran.
Meanwhile, under a 25-year gas supply contract between the two countries that expired at the end of July, Turkeyâs imports of Iranian gas spiked this year while Iranâs share of Turkeyâs total natural gas imports rose to 18.6%, according to local media.
While Ankara has sought to diversify toward other suppliers, expanding pipeline imports from Azerbaijan and Russia, it has, so far, not signaled that it intends to cut Iran off.
Iraq
Iraq, dependent on Iranian electricity and gas, has historically traded billions with Tehran.
Iran renewed a five-year contract in March 2024 to supply Iraq with up to nearly 660 billion cubic feet of natural gas a year, and electricity imports from Iran accounted for more than 30% of its electricity generation in 2023, according to the U.S. Energy Information Administration.
Iraq-Iran trade reached more than $10 billion in 2025, according to Reuters, with Tehran exporting food, consumer goods and other products to the Iraqi market. The trade has dwindled this year amid increased security risks in the region and intermittent disruptions along border crossings since the war started in late February.
Iraq reportedly pays Iran around $4 billion to $5 billion a year for natural gas for electricity generation. The fresh U.S. sanctions could curtail Baghdadâs payments for Iranian energy.
India
India, among Iranâs top five trading partners, has seen its bilateral trade with Iran fall in recent years to around $1.6 billion in the year ending March 2026, according to Indiaâs Department of Commerce, down from $2.3 billion in the year through to March 2023.
New Delhi primarily exports rice, tea, sugar and pharmaceuticals to Iran, and imports dry and fresh fruits from Iran.
In April, India resumed importing crude oil from Iran following a seven-year halt, after the U.S. temporarily lifted sanctions on Iranian crude exports.
But those trades now will be tested if Washington makes good on its threat to sanction any entity, including Indian refiners, that have procured Iranian energy.
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