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South Africa files against Israel at UN court

South Africa urged the UN court to take “provisional measures” to “protect against further, severe and irreparable harm to the rights of the Palestinian people under the Genocide Convention.”…reports Asian Lite News

South Africa filed a case on Friday in the International Court of Justice (ICJ) against Israel for its “genocidal” acts in Gaza.

The case claims “alleged violations by Israel of its obligations under the Convention on the Prevention and Punishment of the Crime of Genocide (the ‘Genocide Convention’) in relation to Palestinians in the Gaza Strip,” according to an ICJ press release.

In its application to the UN court, South Africa said that “acts and omissions by Israel … are genocidal in character, as they are committed with the requisite specific intent … to destroy Palestinians in Gaza as a part of the broader Palestinian national, racial and ethnical group.”

South Africa also said that “the conduct of Israel — through its State organs, State agents, and other persons and entities acting on its instructions or under its direction, control or influence — in relation to Palestinians in Gaza, is in violation of its obligations under the Genocide Convention.”

“Israel, since 7 October 2023 in particular, has failed to prevent genocide and has failed to prosecute the direct and public incitement to genocide” and that “Israel has engaged in, is engaging in and risks further engaging in genocidal acts against the Palestinian people in Gaza,” said the South African application.

South Africa urged the UN court to take “provisional measures” to “protect against further, severe and irreparable harm to the rights of the Palestinian people under the Genocide Convention.”

It also called on the ICJ for measures “to ensure Israel’s compliance with its obligations under the Genocide Convention not to engage in genocide, and to prevent and to punish genocide.”

The ICJ is the principal judicial organ of the United Nations. It was established by the UN Charter in June 1945 and began its activities in April 1946.

ALSO READ-WHO sounds warning on Sudan health crisis

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WHO sounds warning on Sudan health crisis

Since the conflict broke out in April, the violence has killed more than 12,000 people, according to a conservative estimate by the Armed Conflict Location and Event Data Project…reports Asian Lite News

The WHO called for urgent action Friday to tackle the deepening health and humanitarian crises in Sudan and asked the international community to step up with financial aid.

Tedros Adhanom Ghebreyesus, the head of the World Health Organization, said the majority of health facilities in Sudanese regions affected by the war were not working, due to the fighting.

Since April 15, Sudan has been gripped by a war pitting army chief Abdel Fattah Al-Burhan against his former deputy, paramilitary Rapid Support Forces commander Mohamed Hamdan Daglo.

In Al-Jazira state, just south of Khartoum, more than half a million people had sought shelter after the fighting overwhelmed the Sudanese capital.

This month, however, paramilitaries pressed deeper into the state and shattered one of the country’s few remaining sanctuaries, forcing more than 300,000 people to flee once again, the United Nations said.

“Urgent action is needed to reverse Sudan’s worsening conflict amid the deepening humanitarian and health crises, with the fresh displacement of hundreds of thousands of people, mainly women and children,” Tedros said on X, formerly Twitter.

Since the conflict broke out in April, the violence has killed more than 12,000 people, according to a conservative estimate by the Armed Conflict Location and Event Data Project.

“While responding with partners to the acute health needs, including controlling disease spread and addressing malnutrition threats, WHO also calls for increased financial support from the international community to meet the pressing health needs of the affected populations,” said Tedros.

“These include boosting provision of basic health services for the most vulnerable in affected states, where at least 70 percent of health facilities are not working due to the conflict,” he added.

The United Nations says at least 7.1 million people have been displaced, including 1.5 million who fled across the border into neighboring countries.

Former Ethiopian health minister Tedros has led the UN’s health agency since 2017.

ALSO READ-Gaza Population in Peril, Says WHO

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Former Hong Kong student leader seeks UK asylum

Chung is the latest Hong Kong political figure to flee the city, following an announcement this month by activist Agnes Chow who had moved to Canada…reports Asian Lite News

In 2021, Chung, then 20, became the youngest person to be imprisoned under Hong Kong’s sweeping national security law — imposed after massive and at times violent pro-democracy protests kicked off in 2019 in the former British colony.

He pleaded guilty to “secession” and was sentenced to three and a half years in prison.

Since his early release in June, Chung said he has lived in daily fear.

“I feared stepping out of my home, feared using the phone in public, and worried about the possibility of being detained again by national security police officers on the streets,” he said in a statement posted on his social media early Friday but dated December 27.

Blocked from taking up work, Chung said “the national security police officers kept on coercing and inducing me to join them”.

“They proposed providing informant fees, urging me to supply information about others as proof of my reformation and willingness to cooperate.”

He said he got permission to leave Hong Kong by saying he wanted to go on holiday in Okinawa, Japan, and sought help once outside Chinese soil.

“As I publish this statement, I have safely arrived in the United Kingdom and have formally applied for political asylum upon entry,” Chung said.

His post on social media included a photo of him holding a suitcase in front of a sign that says “UK Arrivals”.

Chung is the latest Hong Kong political figure to flee the city, following an announcement this month by activist Agnes Chow who had moved to Canada.

Chow had said that as part of a deal with police, she agreed to travel to mainland China for a tour to observe the country’s achievements in return for getting bail. In his Friday post, Chung wrote that police had asked him to go on a trip to mainland China but dropped the idea after he asked for ways to ensure his safety.

Authorities this year have issued bounties for 13 pro-democracy activists abroad, promising HK$1 million (128,000) for information leading to their capture.

Chung was previously the convenor of the now-disbanded Student Localism, a small group he set up five years ago as a secondary school pupil to advocate for Hong Kong’s independence from China.

Separation from China was then a fringe view in Hong Kong although calls for self-rule became more vocal during the 2019 protests. In 2020, Chung was nabbed by plainclothes police from a coffee shop opposite the US consulate, where he was allegedly planning to seek asylum.

Since October, he had “intermittently fallen ill” following his release from prison, and doctors diagnosed him with “significant mental stress”.

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World population will be 8 bn on Jan 1

While world population growth remains brisk, growing from 6 billion to 8 billion since the turn of the millennium, the rate has slowed since doubling between 1960 and 2000…reports Asian Lite News

The world population grew by 75 million people over the past year and on New Year’s Day it will stand at more than 8 billion people, according to figures released by the US Census Bureau on Thursday.

The worldwide growth rate in the past year was just under 1 percent. At the start of 2024, 4.3 births and two deaths are expected worldwide every second, according to the Census Bureau figures.

The US growth rate in the past year was 0.53 percent, about half the worldwide figure. The US added 1.7 million people and will have a population on New Year’s Day of 335.8 million people.

If the current pace continues through the end of the decade, the 2020s could be the slowest-growing decade in US history, yielding a growth rate of less than 4 percent over the 10-year-period from 2020 to 2030, said William Frey, a demographer at The Brookings Institution.

The slowest-growing decade currently was in the aftermath of the Great Depression in the 1930s, when the growth rate was 7.3 percent.

“Of course growth may tick up a bit as we leave the pandemic years. But it would still be difficult to get to 7.3 percent,” Frey said.

At the start of 2024, the United States is expected to experience one birth every nine seconds and one death every 9.5 seconds. However, immigration will keep the population from dropping. Net international migration is expected to add one person to the US population every 28.3 seconds. This combination of births, deaths and net international migration will increase the US population by one person every 24.2 seconds.

While world population growth remains brisk, growing from 6 billion to 8 billion since the turn of the millennium, the rate has slowed since doubling between 1960 and 2000.

People living to older ages account for much of the recent increase. The global median age, now 32, has been rising in a trend expected to continue toward 39 in 2060.

Countries such as Canada have been aging with declining older-age mortality, while countries such as Nigeria have seen dramatic declines in deaths of children under 5.

Fertility rates, or the rate of births per woman of childbearing age, are meanwhile declining, falling below replacement level in much of the world and contributing to a more than 50-year trend, on average, of slimmer increases in population growth.

The minimum number of such births necessary to replace both the father and mother for neutral world population is 2.1, demographers say. Almost three-quarters of people now live in countries with fertility rates around or below that level.

Countries with fertility rates around replacement level include India, Tunisia and Argentina.

About 15% of people live in places with fertility rates below replacement level. Countries with low fertility rates include Brazil, Mexico, the U.S. and Sweden, while those with very low fertility rates include China, South Korea and Spain.

Israel, Ethiopia and Papua New Guinea rank among countries with higher-than-replacement fertility rates of up to 5. Such countries have almost one-quarter of the world’s population.

Only about 4% of the world’s population lives in countries with fertility rates above 5. All are in Africa. Global fertility rates are projected to decline at least through 2060, with no country projected to have a rate higher than 4 by then, according to the bureau.

Italy’s population drops below 59 mn

Meanwhile, Italy’s population continued to decline in 2022, dropping below 59 million people, the National Institute of Statistics (ISTAT) said.

The 59 million threshold was first exceeded in Italy in 2009, and in the following year the population reached 60.6 million for the first time in the country’s history, reports Xinhua news agency.

The latest census data released on Monday showed that 58,997,201 people resided in the country as of December 31, 2022, 32,932 less than a year earlier. The number of births broke a “negative record”, ISTAT said.

The country registered 393,000 births in 2022, equaling a birth rate of 6.7 per thousand population. This was almost 7,000 below the 2021 figure and 183,000 below the 2008 figure. Last year, the country registered an increase in births.

The number of babies born to non-Italian parents was 53,000 in 2022, making up 13.5 per cent of all newborns. “The decrease in population remains contained thanks to the positive dynamics of the foreign population,” ISTAT said.

The census included over 5.1 million foreign residents, with an annual increase of 111,000, or 2.2 per cent. Overall, foreign-born citizens accounted for 8.7 per cent of the total resident population.

Life expectancy at birth was estimated at 80.5 years for males and 84.8 years for females in 2022. Some 61.3 per cent of the country’s 7,904 municipalities lost population compared to 2021, ISTAT said.

A slight increase in population, however, was registered in 2,936 larger municipalities, which all together were home to over 28.3 million people.

ALSO READ-Gaza Population in Peril, Says WHO

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Lebanese PM urges UK for ‘maximum pressure’ on Israel

Mikati warned that the “Israeli provocations in southern Lebanon could lead to deteriorating conditions…reports Asian Lite News

Lebanon’s Caretaker Prime Minister Najib Mikati has urged the UK to place “maximum pressure” on Israel to end its campaign on Gaza and the Lebanese border.

In a meeting with UK Foreign Minister David Cameron, Mikati warned that the “Israeli provocations in southern Lebanon could lead to deteriorating conditions and a full-scale war in the region as a whole.”

Cameron said that “an escalation of the conflict in Gaza to Lebanon, the Red Sea or across the wider region would add to the extremely high level of danger and insecurity in the world.”

In a phone call with French Foreign Minister Catherine Colonna, Mikati expressed concern over “the escalation of the Israeli hostilities in southern Lebanon and the widespread targeting of civilians.”

He added that “the persisting attacks could drag Lebanon into a full-scale confrontation that could affect all countries in the region,” demanding pressure on Israel to “stop its persistent violations.”

Israel said on Thursday that several drones were launched from Lebanon toward north of Haifa in Israel. In southern Lebanon, confrontations took place between Hezbollah and UNIFIL in border villages, amid increased pressure on Lebanon to implement Resolution 1701.

A spokesperson of the Israeli army announced that “air defenses were activated against a drone that infiltrated from Lebanon over north of Haifa,” adding that “sirens sounded in the region.”

Social media activists published pictures of people hiding next to sidewalks following the blaring of sirens.

Sirens also sounded in other Israeli settlements, including Yiftah, Ramot Naftali, Malkia and Dishon in the Upper Galilee, amid “fears of Lebanese drone infiltration,” according to the Israeli spokesperson.

Israeli media reported that “air defenses had intercepted a drone launched by Hezbollah from southern Lebanon.”

The Israeli army said it was “on high alert in northern Israel amid increased attacks carried out by Hezbollah from Lebanon.”

During a field assessment conducted in the Northern Command in Safad, Israeli Chief of General Staff Herzi Halevi said on Wednesday: “We approved plans for a variety of emergencies, and we should be ready to launch an attack if necessary,” adding that “the preparedness of the Israeli army and the Northern Command is at a high level.”

On Wednesday, Israeli Foreign Minister Eli Cohen addressed Hezbollah chief Hassan Nasrallah, arning him that “if he doesn’t want an escalation, he must immediately adhere to the UN Security Council’s resolution 1701,” adding that “Hezbollah must withdraw north of the Litani River.”

He said: “We will opt for the diplomatic option and if it doesn’t work, we will consider every conceivable option. We will not let the residents return to the settlements they fled without ensuring their safety and restoring their sense of security.”

The Israeli Army Radio announced on Thursday that “the Israeli Air Force carried out a preemptive attack on southern Lebanon, targeting Hezbollah’s infrastructure.”

An Israeli jet on Thursday bombed the outskirts of the Ayta Al-Shaab village. Israeli aircraft also hit the Al-Salhani region, located between Ramyah and Marwahin in the western part of southern Lebanon. Four Israeli artillery shells landed between Debel and Hanine.

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-Top News Africa News

Coups and cost of living shape 2023 in Africa

New conflicts – internal and external – emerged and a series of flawed elections opened the door for the military to extend the trend of coups into another year…reports Asian Lite News

Like 2022, 2023 was a year full of high-stakes geopolitical drama and economic crises that sometimes seemed like an escalation of existing issues of previous years.

New conflicts – internal and external – emerged and a series of flawed elections opened the door for the military to extend the trend of coups into another year.

The disruption in the supply chain brought about by the continued effects of the COVID-19 pandemic and the war in Ukraine continued to bite. Climate disasters have become more acute. But in all these, African governments stepped up to chart their destinies, for good or bad.

Climate shocks

Declared worse than the 2011 famine, the drought in the Horn of Africa region entered its third year – and sixth consecutive season – of failed rainfall. According to data from the World Health Organization in August, 2.3 million people were displaced across the region due to the drought alone.

But when it rains, it pours. After the drought, floods hit the region, bringing more painful effects of extreme weather. Displacing several thousands of people, the floods killed 65 in Tanzania, 15 in Kenya, and dozens of others in Somalia and South Sudan. In southeastern Africa, cyclone devastation wreaked havoc in Malawi and Mozambique, killing hundreds of people and displacing thousands. In southern Angola, the drought is still endangering dozens of pregnant women.

Over 150mn kids in Africa gripped by poverty, climate disaster: Report.(photo:kenya.savethechildren.net)

These climate shocks have sparked concerns among leaders, leading to an inaugural African climate summit in Nairobi where leaders reiterated that African states have been disproportionately affected by climate change and urged Western nations  – which on average have higher carbon emissions  – to pay their fair share of climate taxes.

On the back of this, African negotiators at COP28 were vocal in demanding a “just fossil phase-out with equity and differentiation,” said Lerato Ngakane, communications director at the Global Oil and Gas Network, a coalition of nonprofits working to reduce fossil fuel use globally.

“Those that have historically benefitted from emissions and development from fossil fuels need to phase out first and then redirect public finance and investment into the renewable energy sector, for those developing nations to build renewable energy infrastructure and transition, in order to industrialise,” she told Al Jazeera.

Cost-of-living crisis

Across the continent, the cost-of-living crisis is escalating due to the persevering economic fallout from the COVID-19 pandemic, intensified by disruption of global food supply chains due to the Russia-Ukraine war. In some cases, frustration spilled on to the streets which led to massive protests in multiple countries including Kenya, Ghana, South Africa and Tunisia.

In Malawi, where the president has suspended travel for all officials in his government to conserve draining foreign reserves, more women have turned to the sex trade. In Nigeria, some have reverted to old kerosene stoves or a two-tier cooking contraption fuelled by sawdust – that became popular under dictator Sani Abacha in the ‘90s – after fuel prices rose astronomically following the abrupt end of a decades-long fuel subsidy and the devaluation of the naira.

Experts say African economies remain susceptible to global tensions even as the effects of the pandemic and war in Europe are yet to subside.

Coups

A carryover from the past few years, the coup trend continued in West and Central Africa in 2023. The sixth and seventh military takeovers in the last three years happened in Niger and Gabon this year. Elsewhere in West Africa, attempted coups were also curtailed in Sierra Leone and Guinea-Bissau.

Military leaders continued to seize power, exploiting deep satisfaction among citizens and anger towards the ruling class over the absence of democratic dividends.

A series of contested national elections throughout the year also fuelled the military’s narrative of pervasive political corruption and overbearing external influence. Elections in Zimbabwe, Nigeria, Eswatini, Gabon, Sierra Leone and Madagascar were heavily contested and denounced by citizens. The exception was Liberia where outgoing President George Weah conceded the election to former vice president Joseph Boakai.

A fragile accord between the Sudanese Armed Forces (SAF) and paramilitary Rapid Support Forces ripped open in April. That threw Sudan, Africa’s third largest country, into a war that has now killed more than 10,000 people and displaced millions of others, according to the Armed Conflict Location and Event Data Project.

The war has continued to threaten the stability of the nearby Horn of Africa and Sahel regions. In Somalia, clashes over territory between the self-autonomous regions of Somaliland and Puntland ballooned into full-on crisis.

BRICS expansion

As more countries from the Global South look to diversify from the current Western economic hegemony, the BRICS bloc continues to emerge as a serious alternative.

This year, Africa was at the focal point; South Africa hosted the 15th summit since the group was formed in 2009; Egypt and Ethiopia also officially joined the bloc, expanding its footprint on the continent.

Afterwards, BRICS criticised the continued bombing of the Gaza Strip, a signal of an increasingly political stance in a global climate where the United States and many European countries have backed Israel.

Coups in Gabon and Niger this year followed previous coups in Mali, Burkina Faso and Guinea – amplifying the decline of France’s influence in its former colonies. A last grasp at straws in Niger sparked a diplomatic row with the Economic Community of West African States (ECOWAS), bringing the region to the brink of a regional conflict, as Paris backed the Nigeria-led bloc to reverse the July coup.

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India News Sport Sports

India’s Olympic Journey and High Expectations for Paris

In three consecutive Olympics starting with the 1984 edition in Los Angeles, India had failed to win a single medal in the quadrennial Games, returning empty-handed from the 1984,1988 and 1992 editions…reports Asian Lite News

Excellence in non-cricket sports in India has always been measured in terms of medals won at the Olympic Games.

The quadrennial Games have been the pinnacle of success that only a few Indians have achieved, because in over a century of participation in the Olympic Games since making their debut at Stockholm in 1912, India have won only 35 medals — 10 gold, nine silver and 16 bronze.

Of these, field hockey has contributed 12 medals — eight gold, one silver and three bronze.

After being also-rans for decades, except in hockey for more than 10 editions, Indian athletes nowadays go to the Olympics as medal contenders, especially in shooting, badminton, wrestling, boxing, weightlifting and athletics.

It is with this newfound success, confidence and skills that the Indian sportspersons will be going to the 2024 Olympic Games in Paris, to be held from July 26 to August 10, as title contenders in many events.

As India will be competing in Paris after achieving their best medal tally in the Olympics at the Tokyo Games and post crossing the 100-medal mark in the Asian Games for the first time in Hangzhou this year (107 — 28 gold, 38 silver and 31 bronze), there are huge expectations that the country will achieve another high in Paris, bagging a record medal haul in the French capital.

In three consecutive Olympics starting with the 1984 edition in Los Angeles, India had failed to win a single medal in the quadrennial Games, returning empty-handed from the 1984,1988 and 1992 editions.

It was at the 1976 Games in Montreal that the world’s second most populous country had, for the first time since 1928 when it won its first gold medal in hockey, failed to win a single medal at the Olympic Games.

Till that time, India had won seven gold, one silver and three bronze medals in hockey. In Montreal, they failed to win a medal in hockey, as artificial turf replaced natural grass at the mega event.

India did win their eighth gold in hockey at the boycott-marred Moscow Olympics in 1980, but what followed was a medal drought for 12 years.

India’s fortunes changed from the 1996 Olympic Games in Atlanta, United States, with Leander Paes winning the bronze in men’s singles tennis.

Since then, India has returned from every edition of the Olympic Games with at least one medal. It was at the Beijing Games that India won multiple medals since the 1952 Games in Helsinki when K.D. Jadhav had won a bronze medal in wrestling.

In Tokyo in 2021, the Games postponed by one year from 2020 due to the Covid-19 pandemic, India surpassed its best-ever medal haul so far and returned with seven medals, including a gold won by the country’s biggest superstar — Neeraj Chopra — in javelin throw.

India won one gold, two silver and four bronze medals in Tokyo.

So, going by the record so far, India will, in all probability, win medals in Paris. But the question that the fans would like to be answered is whether India will be able to surpass its seven-medal haul achieved in Tokyo in 2021.

Crores of people and most experts believe that India will return from Paris with many medals — if not bag full, at least take the tally into double figures for the first time in the history of the Games.

Though many of India’s stars are yet to qualify for the Games as the qualifying period is still continuing, a clearer picture will emerge when the full strength of the squad is revealed.

In Tokyo, Neeraj Chopra became the first Indian to win a gold medal in athletics. It was also a historic occasion as India won an Olympic medal for the first time in men’s hockey in four decades — a bronze coming for the first time since the gold in the 1980 edition.

Also in Tokyo, P.V. Sindhu became the first woman sportsperson to win multiple medals for India at the Olympics — adding a bronze in women’s singles badminton to the silver she won in Rio de Janeiro in 2018.

In Paris, Neeraj Chopra will get the opportunity to add another medal to his tally. He is the best medal prospect for India to win a medal considering that since winning the gold in Tokyo, Neeraj has won gold at the Diamond League Finals, the World Championships, Hangzhou Asian Games and has surpassed his personal best, going from strength to strength.

Reigning World Champion boxer Nikhat Zareen, Tokyo Olympics bronze medallist pugilist Lovlina Borgohain, U20 World Champion wrestler Antim Panghal, besides shooters like Rudrankksh Patil, Anish Bhanwala, Manu Bhaker, Sift Kaur Samra and top weightlifter Mirabai Chanu will be among the medal contenders in Paris.

The list is expected to grow further with many more qualification berths available across disciplines.

If all goes as per plan, India can take their medal count to double-digits for the first time, thus helping the country achieve its best and most successful medal haul in Paris.

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Business Tech Lite Technology

HDFC Securities CEO Optimistic About 2024

Dhiraj Relli said that later we may have bouts of volatility due to elections, timing and quantum of rate cuts, and valuation concerns….reports Asian Lite News

The year 2023 has been a great year for markets — for both the frontline indices and the broader markets. It once again showed the impact of Retail/HNI buying and when the FPIs also turned buyers there was no going back, says Dhiraj Relli, MD & CEO at HDFC Securities.

“In 2024, we are beginning on a high base and hence it may be difficult to expect a similar performance by the time 2024 ends,” he said.

He said that however, the resurgence of FPI buying and placement of India as an attractive market, despite the seeming high valuations, may help our markets register some more gains in the early part of the year.

He said that later we may have bouts of volatility due to elections, timing and quantum of rate cuts, and valuation concerns.

He said that the retail Indian has truly woken up and will drive the markets whenever the macros are favourable.

As 2023 draws to a close, the most significant feature of the year’s rally is the sharp outperformance of the broader market, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

He said that the midcap index is up by almost 45 per cent and the small cap index is up by 55 per cent leaving the Nifty far behind with appreciation of around 20 per cent.

He said that this trend is likely to be reversed in 2024 since the mid and small caps are overvalued and large caps are relatively fairly valued.

He said that the autos, construction and financials are set to do well in 2024. Autos are in a cyclical rebound, financials are fairly valued even after the recent run up and the prospects for construction related segments continue to look good. Capital goods will continue to do well in 2024 too.

He said that January is normally a poor month for the market while Q3 results and management commentary will be keenly watched by the market.

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Business Tech Lite Technology

Google Settles Lawsuit Accusing Chrome of Tracking Browsing Data

Now, Google and the plaintiffs have agreed to terms that will result in the litigation being dismissed…reports Asian Lite News

Google has agreed to settle a class-action lawsuit in the US over its Chrome browser’s incognito mode.

The lawsuit was filed in 2020, alleging that the tech giant “track, collect, and identify browsing data in real time” even when the users open incognito mode.

Now, Google and the plaintiffs have agreed to terms that will result in the litigation being dismissed, reports Ars Technica.

The February 5th trial date is now off and the parties present a formal agreement for court approval within the next 60 days.

“Through mediation facilitated by the Layn R. Phillips, Plaintiffs and Google have agreed to a binding term sheet that would resolve the claims in this litigation, pending the Court’s approval,” the judgement read.

The lawsuit was filed by Florida resident William Byatt and California residents Chasom Brown and Maria Nguyen.

The lawsuit also alleged that websites using Google Analytics or Ad Manager collected information from browsers in Incognito mode, “including web page content, device data, and IP address”.

The plaintiffs also accused Google of taking Chrome users’ private browsing activity and then associating it with their already-existing user profiles.

In August, Judge Yvonne Gonzalez-Rogers in a California court denied Google’s push for summary judgment in the lawsuit, which claimed the tech giant is tracking and collecting data even when people use the private ‘Incognito’ mode on its Chrome browser.

Google Chrome’s ‘Incognito’ mode gives users the choice to browse the internet without their activities being saved to either browser or devices.

However, the judge pointed to statements in the Chrome privacy notice, Privacy Policy, Incognito Splash Screen, and Search & Browse Privately Help page about how incognito mode limits the information stored or how people can control the information they share.

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Business Tech Lite Technology

Tech Titans Break Records

This marks the best first half performance in the last four decades….reports Asian Lite News

The Big Five tech giants Apple, Microsoft, Alphabet, Amazon and Meta collectively added a whopping $3.9 trillion to their stock value in 2023, the highest figure in the market’s history, a new report revealed on Thursday.

Tech stocks have dominated the 2023 stock market performance. The rise of Artificial Intelligence (AI), combined with the improving economy and slowing inflation, has helped the sector come into the spotlight, with many investors jumping back on the tech train, according to Stocklytics.com.

The Nasdaq experienced a significant increase of 32 per cent in the first half of the year, which can be attributed to Apple’s rapid growth and Nvidia’s success.

This marks the best first half performance in the last four decades.

Additionally, the upward trend in the stock prices of tech companies has continued, leading to the largest players in the market adding trillions of dollars to their stock values.

According to YCharts data, the combined stock value of Apple, Microsoft, Alphabet, Amazon and Meta amounted to $6.17 trillion in December last year.

Since then, this figure has surged by 62 per cent or $3.9 trillion and hit more than $10 trillion, representing the biggest annual increase so far.

In 2019, their combined stock value grew by $1.73 trillion. In 2020 and 2021, when the tech market boomed due to Covid-19, the market’s largest players increased their stock value by $2.6 trillion.

Moreover, the report showed Meta was the best performer in the Big Tech group this year.

After losing two-thirds of its stock value in 2022, Meta’s market cap has surged by an impressive 188 per cent (year-over-year), the biggest increase among the Big Five tech giants.

In December 2022, Meta’s stock value was $315.5 billion, and now it’s over $908 billion. Amazon has witnessed the second-largest increase of 84 per cent, driving its market cap to over $1.5 trillion, the figure last seen in mid-2022, the report mentioned.

Microsoft and Alphabet’s market caps jumped by 55 per cent (year-over-year), helping the two companies add more than $1.6 trillion in value.

Apple stocks have jumped 45 per cent since last December, crossing $3 trillion in market cap.

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