Amazon is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service and has considered a monthly fee of around $5 to access the superior version, Reuters reported Friday, citing people with direct knowledge of the company's plans. From the report: Known internally as "Banyan," a reference to the sprawling ficus trees, the project would represent the first major overhaul of the voice assistant since it was introduced in 2014 along with the Echo line of speakers. Amazon has dubbed the new voice assistant "Remarkable Alexa," the people said. Amazon has also considered a roughly $10-per-month price, the report added.

Bipartisan agreement on government internet subsidies seems unlikely as Democrats and Republicans propose conflicting bills to reauthorize the FCC's spectrum auctions. The Democratic bill aims to fund the now-defunct Affordable Connectivity Program, while the Republican version does not. "While some Republicans supported earlier efforts to extend the subsidy program, those efforts did not go through in time to keep it from ending," notes The Verge. From the report: The Senate Commerce Committee canceled a Tuesday morning markup meeting in which it was set to consider the Spectrum and National Security Act, led by committee chair Maria Cantwell (D-WA). When she introduced it in April, Cantwell said the bill would provide $7 billion to continue funding the Affordable Connectivity Program (ACP), the pandemic-era internet subsidy for low-income Americans that officially ran out of money and ended at the end of May. The main purpose of the bill is to reauthorize the Federal Communications Commission's authority to run auctions for spectrum. The proceeds from spectrum auctions are often used to fund other programs. In addition to the ACP, Cantwell's bill would also fund programs including incentives for domestic chip manufacturing and a program that seeks to replace telecommunications systems that have been deemed national security concerns. The markup was already postponed several times before.

Cantwell blamed Sen. Ted Cruz (R-TX), the top Republican on the Senate Commerce Committee, for standing in the way of the legislation. "We had a chance to secure affordable broadband for millions of Americans, but Senator Cruz said 'no,'" Cantwell said in a statement late Monday. "He said 'no' to securing a lifeline for millions of Americans who rely on the Affordable Connectivity Program to speak to their doctors, do their homework, connect to their jobs, and stay in touch with loved ones -- including more than one million Texas families." In remarks on the Senate floor on Tuesday, Cantwell said her Republican colleagues on the committee offered amendments to limit the ACP funding in the bill. She said the ACP shouldn't be a partisan issue and stressed the wide range of Americans who've relied on the program for high-speed connections, including elderly people living on fixed incomes and many military families. "I hope my colleagues will stop with obstructing and get back to negotiating on important legislation that will deliver these national security priorities and help Americans continue to have access to something as essential as affordable broadband," she said.

Cruz has his own spectrum legislation with Sen. John Thune (R-SD) that would reauthorize the FCC's spectrum auction authority, with a focus on expanding commercial access to mid-band spectrum, commonly used for 5G. But it doesn't have the same ACP funding mechanism. Some large telecom industry players prefer Cruz's bill, in part because it allows for exclusive licensing. Wireless communications trade group CTIA's SVP of government affairs, Kelly Cole, told Fierce Network that the Cruz bill "is a better approach because it follows the historical precedent set by prior bipartisan legislation to extend the FCC's auction authority." But other tech groups like the Internet Technology Industry Council (ITI), which represents companies including Amazon, Apple, Google, and Meta, support Cantwell's bill, in part because of the programs it seeks to fund.

The Information: Apple has told at least one supplier that it has suspended work on its next high-end Vision headset, an employee at a manufacturer that makes key components for the Vision Pro said. The pullback comes as analysts and supply chain partners have flagged slowing sales of the $3,500 device. The company is still working on releasing a more affordable Vision product with fewer features before the end of 2025, the person involved in its supply chain and a person involved in the manufacturing of the headsets said.

Apple originally planned to divide its Vision line into two models, similar to the standard and Pro versions of the iPhone, according to people involved in its supply chain and former Apple employees who worked on the devices. Apple's decision to halt work on the next version of its high-end headset is the latest example of the company reshuffling priorities. Apple has ramped up work on AI-powered features while paring back money-losing projects like its self-driving car, which it canceled earlier this year after spending nearly a decade on development. Augmented reality is one of Apple's biggest bets. The company aims to eventually replace the iPhone with lightweight glasses, and the Vision Pro is the first step in building consumer and developer interest in that effort.

Wells Fargo's co-branded credit card partnership with fintech startup Bilt Technologies is causing the bank to lose up as much as $10 million monthly, according to a WSJ report. The bank agreed to a co-branded program with the fintech startup that most other big banks -- including JPMorgan Chase -- passed on, incorrectly modeled key assumptions and sees no path to profitability. The card, which allows users to pay rent without fees while earning rewards, has attracted many young customers. From the report: There is a reason why credit cards hadn't gained traction in the rent sector until Bilt came along. Most landlords didn't accept them because they refuse to pay card fees that get pocketed by the banks issuing them and often run between 2% and 3%.

Bilt structured the card so landlords won't incur the fees. Wells instead eats much of that. About six months after the credit card was launched, Wells began paying Bilt a fee of about 0.80% of each rent transaction, even though the bank isn't collecting interchange fees from landlords. It appears that the problem for Wells Fargo is that Bilt customers are savvy. They are making the rent payments, but not carrying balances or doing any other transactions through the card.

The Energy Information Administration (EIA) expects Americans' monthly electricity bills to average $173 between June through August, compared to $168 last summer. "The slight bump in costs comes from consumers cranking up their air conditioning more to cope with a warmer season than last year," writes The Verge's Justine Calma. "Bills would have jumped higher, if not for lower residential electricity prices helping to balance out some of the increased energy use from air conditioning." From the report: Some regions are likely to be harder hit by the weather than others. Because of heat and humidity along the Gulf Coast, residents in Southern states typically use the most electricity in the summer to cool their homes. The Pacific Coast, meanwhile, faces the biggest potential percentage increase in retail electricity prices in the nation -- a 7 percent jump since last year. Wholesale electricity costs there have risen since 2022, in part because of a heat and drought-induced shortfall in hydroelectricity generation. Households along the Pacific could see their electricity bills go up an average of $11 per month this summer, according to the EIA.

To be sure, the EIA says that weather is "the main source of uncertainty" in its forecasts for folks' utility bills. If this summer winds up being hotter than expected, households could wind up paying even more. Residential electricity use typically peaks in the summer for most of the US because of air conditioning. Extreme heat can even trigger power outages if demand suddenly rises too sharply. California, the Southwest, the Midwest, Texas, and New England are at "elevated risk" of electricity supply shortages during any extreme weather this summer, according to an assessment (PDF) by the North American Electric Reliability Corporation.

An anonymous reader quotes a report from Reuters: New York Attorney General Letitia James has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program, she said on Friday. Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more than 230,000 Earn investors, including 29,000 in New York, and agreed to a ban on operating crypto lending programs in the state. The payout is in addition to James' related $2 billion settlement, opens new tab with crypto lender Genesis Global Capital, which she announced on May 20.

"Gemini marketed its Earn program as a way for investors to grow their money, but actually lied and locked investors out of their accounts," James said. "Today's settlement will make defrauded investors whole." The funds will be accessible within seven days, Gemini told investors on Friday. "With this final distribution, Earn users will have received 100% of the assets owed to them," it said. [...] Investors are expected to recover more than they invested because they are being paid in digital assets such as bitcoin , whose value has more than tripled since redemptions were suspended.

Visa's and Mastercard's proposed $30 billion antitrust settlement to limit credit and debit card fees for merchants is in peril, after a New York judge signaled she was preparing to reject the accord. From a report: U.S. District Judge Margo Brodie in Brooklyn told lawyers for the card networks and objectors at a hearing on Thursday that she will "likely not approve the settlement," according to court records.

She plans to write an opinion explaining her decision and reasoning. Both card networks said they were disappointed. Mastercard called the settlement a "fair resolution" that gave businesses more flexibility in managing card transactions, and Visa called it an "appropriate resolution" to the nearly 19-year-old case.

An anonymous reader quotes a report from TechCrunch: Amazon says that it will commit up to $230 million to startups building generative AI-powered applications. The investment, roughly $80 million of which will fund Amazon's second AWS Generative AI Accelerator program, aims to position AWS as an attractive cloud infrastructure choice for startups developing generative AI models to power their products, apps and services. Much of the new tranche -- including the entire portion set aside for the accelerator program -- comes in the form of compute credits for AWS infrastructure, meaning that it can't be transferred to other cloud service providers like Google Cloud and Microsoft Azure.

To sweeten the pot, Amazon is pledging that startups in this year's Generative AI Accelerator cohort will gain access to experts and tech from Nvidia, the program's presenting partner. They will also be invited to join the Nvidia Inception program, which provides companies opportunities to connect with potential investors and additional consulting resources. The Generative AI Accelerator program has also grown substantially. Last year's cohort, which had 21 startups, received only up to $300,000 in AWS compute credits, amounting to around a combined $6.3 million investment. "With this new effort, we will help startups launch and scale world-class businesses, providing the building blocks they need to unleash new AI applications that will impact all facets of how the world learns, connects, and does business," Matt Wood, VP of AI products at AWS, said in a statement. Further reading: How Amazon Blew Alexa's Shot To Dominate AI

According to The Verge, Best Buy conducted another round of layoffs and job restructurings to "right size" the business in response to declining sales post-pandemic. Further layoffs and changes are expected throughout the year. From the report: The layoffs appeared to have mostly targeted in-home sales roles called designers, who would go to customers' homes to help identify products that would work in their space. It's not clear how many were let go, but designers who weren't laid off have been moved into a different, largely in-store role. Also, pay scales for a similar, existing in-store "consultant" position were revamped. Best Buy confirmed the layoffs in an email to The Verge but declined to share how many people were let go or how pay was changing. "Many of our team members were moved to new areas or roles where our customers need it most," Best Buy spokesperson Ryan Furlong told The Verge. He said some employees in Best Buy's "Design and Consult workforce" -- the collection of roles with in-store workers (called consultants) and in-home field sales positions (called designers) -- will be transitioned into a new "Premium Designer role."

Best Buy has been drastically restructuring in recent months, responding to factors like falling sales after the pandemic spiked consumer electronics spending. Best Buy CEO Corie Barry told investors in February that they should expect layoffs this year, and two months ago, mass layoffs of Geek Squad employees were reported. Barry repeated similar things during the company's first quarter earnings call in May, saying that many of Best Buy's moves to "right size" its business "are being implemented throughout this year."

Brazil's government is partnering with OpenAI to use AI for expediting the screening and analysis of thousands of lawsuits to reduce costly court losses impacting the federal budget. Reuters reports: The AI service will flag to government the need to act on lawsuits before final decisions, mapping trends and potential action areas for the solicitor general's office (AGU). AGU told Reuters that Microsoft would provide the artificial intelligence services from ChatGPT creator OpenAI through its Azure cloud-computing platform. It did not say how much Brazil will pay for the services. AGU said the AI project would not replace the work of its members and employees. "It will help them gain efficiency and accuracy, with all activities fully supervised by humans," it said.

Court-ordered debt payments have consumed a growing share of Brazil's federal budget. The government estimated it would spend 70.7 billion reais ($13.2 billion) next year on judicial decisions where it can no longer appeal. The figure does not include small-value claims, which historically amount to around 30 billion reais annually. The combined amount of over 100 billion reais represents a sharp increase from 37.3 billion reais in 2015. It is equivalent to about 1% of gross domestic product, or 15% more than the government expects to spend on unemployment insurance and wage bonuses to low-income workers next year. AGU did not provide a reason for Brazil's rising court costs.

Four more U.S. states on Tuesday joined the Justice Department's lawsuit against Apple alleging the iPhone maker is monopolizing smartphone markets, the department said in a statement. From a report: The four states are Indiana, Massachusetts, Nevada and Washington, the Justice Department said. The original lawsuit was filed in March, and 15 states and the District of Columbia joined the lawsuit at the time. The lawsuit alleges that Apple uses its market power to get more money from consumers, developers, content creators, artists, publishers, small businesses and merchants. The civil lawsuit accuses Apple of an illegal monopoly on smartphones, maintained by imposing contractual restrictions on, and withholding critical access from, developers. The Justice Department has previously said Apple charges as much as $1,599 for an iPhone and makes a larger profit than any rival. Officials also said Apple imposes hidden charges on various business partners - from software developers to credit card companies and even rivals such as Alphabet's, Google, in ways that ultimately raise prices for consumers.

After announcing a shut down date in February, Google's "GPay" app has officially stopped working for users in the U.S. "Starting on June 4, GPay -- as was the name of the app on Android homescreens -- automatically signed US users out," reports 9to5Google. "Attempting to login again explains how: 'The Google Pay US app is no longer available. You can still tap to pay using the Google Wallet app.'" From the report: Additionally, Google no longer offers peer-to-peer payments in the US. You can use the Google Pay website to view and transfer your balance -- money you've received or rewards -- to a bank account after June. The focus is now on Google Wallet and digitizing everything in your physical wallet. There's no equivalent finance tracking functionality. Meanwhile, "Google Pay" still exists as the name for what you're actually using when making a physical or online purchase with your phone.

Copycats are stepping up their attacks on small businesses. Sellers of products including merino socks and hummingbird feeders say they have lost customers to online scammers who use the legitimate business owners' videos, logos and social-media posts to assume their identities and steer customers to cheap knockoffs or simply take their money. WSJ: "We used to think you'd be targeted because you have a brand everywhere," said Alastair Gray, director of anticounterfeiting for the International Trademark Association, a nonprofit that represents brand owners. "It now seems with the ease at which these criminals can replicate websites, they can cut and paste everything." Technology has expanded the reach of even the smallest businesses, making it easy to court customers across the globe. But evolving technology has also boosted opportunities for copycats; ChatGPT and other advances in artificial intelligence make it easier to avoid language or spelling errors, often a signal of fraud.

Imitators also have fine-tuned their tactics, including by outbidding legitimate brands for top position in search results. "These counterfeiters will market themselves just like brands market themselves," said Rachel Aronson, co-founder of CounterFind, a Dallas-based brand-protection company. Policing copycats is particularly challenging for small businesses with limited financial resources and not many employees. Online giants such as Amazon.com and Meta Platforms say they use technology to identify and remove misleading ads, fake accounts or counterfeit products.

An anonymous reader quotes a report from Ars Technica: Internet service providers are again urging the Federal Communications Commission to impose new fees on Big Tech firms and use the money to subsidize broadband network deployment and affordability programs. If approved, the request would force Big Tech firms to pay into the FCC's Universal Service Fund (USF), which in turn distributes money to broadband providers. The request was made on June 6 by USTelecom, a lobby group for AT&T, Verizon, CenturyLink/Lumen, and smaller telcos. USTelecom has made similar arguments before, but its latest request to the FCC argues that the recent death of a broadband discount program should spur the FCC to start extracting money from Big Tech.

"Through focusing on the Big Tech companies who benefit most from broadband connectivity, the Commission will fairly allocate the burden of sustaining USF," USTelecom wrote in the FCC filing last week. The USF spends about $8 billion a year. Phone companies must pay a percentage of their revenue into the fund, and telcos generally pass those fees on to consumers with a "Universal Service" line item on telephone bills. The money is directed back to the telco industry with programs like the Connect America Fund and Rural Digital Opportunity Fund, which subsidize network construction in unserved and underserved areas. The USF also funds Lifeline program discounts for people with low incomes.

FCC Chairwoman Jessica Rosenworcel hasn't stated any intention to expand USF contributions to Big Tech. Separately, she rejected calls to impose Universal Service fees on broadband, leaving phone service as the only source of USF revenue. The USTelecom filing came in response to the FCC asking for input on its latest analysis of competition in the communications marketplace. USTelecom says the USF is relevant to the proceeding because "the Universal Service Fund is critical for maintaining a competitive marketplace and an expanded contributions base is necessary to sustain the fund." No changes to the USF would be made in this proceeding, though USTelecom's comments could be addressed in the FCC's final report.

At a New York Yankees baseball game, one fan discovered its concession stand doesn't accept cash. "An employee directed him to a kiosk that could convert his greenbacks into plastic," reports the Wall Street Journal, where the fan, "fed $200 into the reverse ATM, which subtracted a $3.50 fee and spat out a debit card with a balance of $196.50." Paying with cash used to be a way to get a discount. These days it can often cost an extra $1 to $6 — the sort of transaction fees once limited to swiping a credit card or using an out-of-network ATM. Reverse ATMs like those at Yankee Stadium are now common at cashless venues and restaurants across the country as a way to cater to those who prefer paying in cash. People who want to pay their parking tickets, tolls, taxes or phone bills in cash, meanwhile, often learn that government agencies and businesses have outsourced that option to companies that usually charge a fee.

All that can amount to a penalty on the people who prefer paying cash. Though it is more common to buy things with cards and mobile devices, cash remains the third-most popular way to pay, accounting for 16% of all payments in 2023, according to the Federal Reserve. That's down 2 percentage points from the year before, continuing a steady decline that accelerated during the pandemic. "It's unbelievable that we actually have to tell retailers, 'This is U.S. currency and it's something that should be accepted,' " said Jonathan Alexander, executive director of the Consumer Choice in Payment Coalition, a group of businesses and nonprofits lobbying for the continued acceptance of cash.

There aren't federal laws that require businesses to accept cash. States like Colorado and Rhode Island and cities like New York banned cashless retail establishments after many stores shifted to card-only transactions to reduce the spread of Covid-19, speed up transactions and cut back on theft. In 2023, lawmakers in the House of Representatives and the Senate introduced bills requiring that businesses accept cash for all in-person purchases under $500, unless they provide devices like a reverse ATM that don't charge fees. The bills haven't passed.

Cashless businesses can be a burden for older or lower-income shoppers who are less likely to have access to digital payments. They also pose challenges for younger people who haven't yet set up credit cards or bank accounts.
The article includes the story of an 18-year-old who earned cash by babysitting, then went to a hockey game and "was charged a 50-cent fee after putting $20 into a reverse ATM...to order chicken nuggets and a bottle of water." (Others who prefer cash "say paper money is anonymous, helps them keep spending under control and is better for tips," the article adds noting that roughly six in 10 Americans use cash for at least some of their purchases, according to Pew Research Center.)

The makers of one "reverse ATM" tell the Journal that whether or not someone gets charged a fee actually depends on what state they're in — and on the preferences of the venue that installed the ATM machine.

In November Google agreed to pay Canadian news publishers $100 million annually "in order to be exempt from the Online News Act, which compels tech companies to enter into agreements with news publishers," writes the Canadian Press.

On Friday Google "named the organization it has selected to distribute the $100 million..." The Canadian Journalism Collective will be responsible for ensuring eligible news organizations get their share of the money. The collective is a federally incorporated non-profit organization that was created for this purpose. It was founded in May by a group of independent publishers and broadcasters... "We hope these next steps will be completed as quickly as possible, so Canadian publishers and journalists can soon begin to receive the proceeds of this new contribution model," Google said in a blog entry posted on their website Friday...

The money will be distributed proportionately based on how many full time-journalists the companies employ. Small print and digital outlets can expect to receive about $17,000 per journalist that they employ, an official with the Canadian Heritage Department has said.
Google's money will go to 1,520 news organizations, according to Google's blog post — which describes the arrangement as "addressing our concerns with the Online News Act" and "a viable path to an exemption at a clear and commercially acceptable commitment level..." As part of this transition, we have advised partners in our Google News Showcase program (our online news experience and licensing program for news organizations) will cease to operate in Canada later this year as we transition to this new contribution model. We will be maintaining some Google News Initiative programming in Canada. This includes a range of collaborative tools and resources that can support the advancement of quality journalism. However, with our monetary contribution in Canada now streamlined into the new single collective model, these investments will be non-monetary in nature.

America's Justice Department "indicted the creators of an application that helps people spend their bitcoins anonymously," writes Reason.com: They're accused of "conspiracy to commit money laundering." Why "conspiracy to commit" as opposed to just "money laundering"?

Because they didn't hold anyone else's money or do anything illegal with it. They provided a privacy tool that may have enabled other people to do illegal things with their bitcoin... What this tool does is offer what's known as a "coinjoin," a method for anonymizing bitcoin transactions by mixing them with other transactions, as the project's founder, Keonne Rodriguez, explained to Reason in 2022: "I think the best analogy for it is like smelting gold," he said. "You take your Bitcoin, you add it into [the conjoin protocol] Whirlpool, and Whirlpool smelts it into new pieces that are not associated to the original piece."
Reason argues that providing the tool isn't a crime, just like selling someone a kitchen knife isn't a crime: The government's decision to indict Rodriguez and his partner William Lonergan Hill is also an attack on free speech because all they did was write open-source code and make it widely available. "It is an issue of a chilling effect on free speech," attorney Jerry Brito, who heads up the cryptocurrency nonprofit Coin Center, told Reason after the U.S. Treasury went after the creators of another piece of anonymizing software...

The most important thing about bitcoin, and money like it, isn't its price. It's the check it places on the government's ability to devalue, censor, and surviel our money. Creators of open-source tools like Samourai Wallet should be celebrated, not threatened with a quarter-century in a federal prison.
Long-time Slashdot reader SonicSpike shared the article...

Last week America's energy secretary cheered the startup of a fourth nuclear reactor at a Georgia power plant, calling it "the largest producer of clean energy, and the largest producer of electricity in the United States" after a third reactor was started up there in December.

From the U.S. Energy Department's transcript of the speech: Each year, Units 3 and 4 are going to produce enough clean power to power 1 million homes and businesses, enough energy to power roughly 1 in 4 homes in Georgia. Preventing 10 million metric tons of carbon dioxide pollution annually. That, by the way, is like planting more than 165 million trees every year!

And that's not to mention the historic investments that [electric utility] Southern has made on the safety front, to ensure this facility meets — and exceeds — the highest operating standards in the world....

To reach our goal of net zero by 2050, we have to at least triple our current nuclear capacity in this country. That means we've got to add 200 more gigawatts by 2050. Okay, two down, 198 to go! In building [Unit] 4, we've solved our greatest design challenges. We've stood up entire supply chains.... And so it's time to cash in on our investments by building more. More of these facilities. The Department of Energy's Loan Programs Office stands ready to help, with hundreds of billions of dollars in what we call Title 17 loans... Since the President signed the Inflation Reduction Act and the Bipartisan Infrastructure Law, companies across the nation have announced 29 new or expanded nuclear facilities — across 16 states — representing about 1,600 potential new jobs. And the majority of those projects will expand the domestic uranium production and fuel fabrication, strengthening these critical supply chains...

Bottom line is, in short, we are determined to build a world-class nuclear industry in the United States, and we're putting our money where our mouth is.
America's Energy Secretary told the Washington Post that "Whether it happens through small modular reactors, or AP1000s, or maybe another design out there worthy of consideration, we want to see nuclear built." The Post notes the Energy department gave a $1.5 billion loan to restart a Michigan power plant which was decommissioned in 2022. "It would mark the first time a shuttered U.S. nuclear plant has been reactivated."

"But in this country with 54 nuclear plants across 28 states, restarting existing reactors and delaying their closure is a lot less complicated than building new ones." When the final [Georgia] reactor went online at the end of April, the expansion was seven years behind schedule and nearly $20 billion over budget. It ultimately cost more than twice as much as promised, with ratepayers footing much of the bill through surcharges and rate hikes...

Administration officials say the country has no choice but to make nuclear power a workable option again. The country is fast running short on electricity, demand for power is surging amid a boom in construction of data centers and manufacturing plants, and a neglected power grid is struggling to accommodate enough new wind and solar power to meet the nation's needs...

As the administration frames the narrative of the plant as one of perseverance and innovation that clears a path for restoring U.S. nuclear energy dominance, even some longtime boosters of the industry question whether this country will ever again have a vibrant nuclear energy sector. "It is hard for me to envision state energy regulators signing off on another one of these, given how badly the last ones went," said Matt Bowen, a nuclear scholar at the Center on Global Energy Policy at Columbia University, who was an adviser on nuclear energy issues in the Obama administration.
The article notes there are 19 AP1000 reactors (the design used at the Georgia plant) in development around the world. "None of them are being built in the United States."

An anonymous reader shares a report: Two senior officials working for anti-terror police in Bangladesh allegedly collected and sold classified and personal information of citizens to criminals on Telegram, TechCrunch has learned. The data allegedly sold included national identity details of citizens, cell phone call records and other "classified secret information," according to a letter signed by a senior Bangladeshi intelligence official, seen by TechCrunch.

The letter, dated April 28, was written by Brigadier General Mohammad Baker, who serves as a director of Bangladesh's National Telecommunications Monitoring Center, or NTMC, the country's electronic eavesdropping agency. Baker confirmed the legitimacy of the letter and its contents in an interview with TechCrunch. "Departmental investigation is ongoing for both the cases," Baker said in an online chat, adding that the Bangladeshi Ministry of Home Affairs ordered the affected police organizations to take "necessary action against those officers." The letter, which was originally written in Bengali and addressed to the senior secretary of the Ministry of Home Affairs Public Security Division, alleges the two police agents accessed and passed "extremely sensitive information" of private citizens on Telegram in exchange for money.

Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are "unacceptably high fees." CNBC: It's a notable blow to American Express, whose customers are often the most attractive among merchants and spend the most money per month on their cards. But it's not the first time merchants have voiced opposition to AmEx's business practices by walking away, most notably the warehouse chain Costco nearly a decade ago.

[...] Overland said that eBay customers have become aware of new ways to pay for items, making payments more competitive than ever before, and AmEx was no longer a necessary partner for eBay. eBay has increasingly been offering customers buy now, pay later options on purchases through Apple Pay, PayPal and other companies like Klarna and Affirm as well.