Eleven ride hailing companies in Chian were ordered to rectify their non-compliant behaviour by Chinese regulators after representatives of the companies were summoned and interviewed. Interviewing of the companies, including Didi, T3 and Meituan, were conducted jointly by the country’s… Read More ›
Day: September 2, 2021
Record 225 Mln Euro Fine Slapped On WhatsApp By Ireland Over Privacy
Irish data protection regulator slapped a record 225 million euro ($266 million) fine on Facebook’s WhatsApp following pressure on Ireland by the European Union privacy watchdog to increase the penalty amount for breach of privacy charges. While saying that the… Read More ›
Chinese factory activity grows at slower pace, services sector contracts for first time Since April 2020
For the first time in since April 2020, China’s factory activity contracted in August despite COVID-19 containment measures, rising prices of raw material and adjustments in supply bottlenecks weighed on production output in a surprise blow to the economy. This… Read More ›
Turbulent US exit from Afghanistan sees GDP fall by 9.7%
In a report Fitch Solutions said, Afghanistan’s economy is likely to collapse following the turbulent withdrawal of U.S. forces following the Taliban’s grabbing power. The research arm of the credit ratings agency now expects the country’s real gross domestic product… Read More ›