regulated

Klarna clampdown begins as buy-now-pay-later industry will be regulated

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Buy-now-pay-later firm Klarna first offered British shoppers the chance to put off payment at the checkout in 2014, when it launched in the UK. Yet, seven years on, regulation is only now on the cards after five million people spent billions of pounds using the quick and easy loans last year. Consumer campaigners have spent … Read more

Buy now, pay later firms will now be regulated amid fears young shoppers are falling into huge debts

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Buy now, pay later schemes will face tighter regulation from the City watchdog to stop millions of young shoppers racking up huge hidden debts. The Financial Conduct Authority (FCA) today said bringing the sector under stricter control was a ‘matter of urgency’ after a review of the unsecured credit market found the scheme could ’cause harm … Read more

Environment: Risk of major biological invasions from laxly regulated ‘edible insect’ industry

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The burgeoning edible insect industry is inadequately regulated, risking the accidental release of invasive species and environmental and economic damage. It is estimated that, at present, more than two billion people across the globe eat some 1000–2200 different species of insects as part of their traditional diets. Compared to regular meat farming, insects have higher protein-to-fat ratios, … Read more

Elon Musk warns AI like the kind used in Tesla’s autopilot should be regulated by international law

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Elon Musk warns AI like the kind made by Tesla should be regulated by international laws Elon Musk tweeted that companies developing AI like Tesla should be regulated The tweet was sent in response to a report on the company OpenAI  Musk left his post at OpenAI in 2018 due to conflicts of interest  By … Read more