Shou Zi Chew, the CEO of TikTok, was grilled by a US congressional investigators for four and a half hours on Thursday. Other people can run marathons faster than that, as one legislator noted. Chew will undoubtedly feel it after a… Read More ›
Entrepreneurship
Despite British Consumers Being Short On Cash, Retail Sales See A Rebound
Cash-strapped In contrast to eating out and ordering takeout last month, British consumers purchased at sales and grocery stores, which unexpectedly increased retail sales, according to government figures released on Friday. According to the Office for National Statistics, British retail… Read More ›
Though TikTok Seeks To Distance Itself From China, Beijing Keeps Interfering
The government’s relationship with the social media behemoth, which is making a concerted effort to separate itself from Beijing authorities, is made plain by China’s declaration that it would “seriously oppose” a forced sale of TikTok. The Chinese rule on… Read More ›
Following Regulator Claims, Co-Founder Of Ethereum Insists That Ether Is Not A Security And Compares It To Oil
Joseph Lubin, the co-founder of Ethereum, blasted regulators for comparing the ether cryptocurrency to a security, claiming that it is more comparable to a commodity like oil. At Paris Blockchain Week on Thursday, Lubin stated he was “quite certain” ether… Read More ›
Troubled Chinese Real Estate Firm Evergrande Places Plans For Debt Restructuring
Evergrande, a troubled Chinese real estate behemoth, has unveiled plans to restructure $20 billion in offshore debt, which might serve as a template for other suffering developers. According to the company, the actions will aid in “efforts to resume operations… Read More ›
UK Claims The $61 Billion VMware Deal Of Broadcom Could Reduce Server Competition
The $61 billion merger between American chipmaker Broadcom and VMware could increase the cost of servers, according to Britain’s competition watchdog, who threatened to refer the matter to an in-depth investigation if its concerns weren’t addressed. Last year, Broadcom decided… Read More ›
Expansion Of Air India Raises Concerns About Airline Flying Rights
On Tuesday, tensions over Air India’s plans to become a global airline with hundreds of new jets erupted as foreign carriers clamoured for increased access to the fastest-growing economy in the world. Since India’s flag carrier was sold to the… Read More ›
Chip Industrialist Is Accused Of Corruption By A Chinese Regulator
The latest indication of issues facing China’s semiconductor industry is the accusation of corruption leveled against chip tycoon Zhao Weiguo by the country’s anti-fraud watchdog. Zhao served as Tsinghua Unigroup’s chairman before stepping down. After the government invested billions of… Read More ›
China Slashes Reserve Ratio For Banks For The First Time In 2023 To Help Economic Recovery
In order to maintain ample liquidity and support a nascent economic recovery, China’s central bank announced on Friday that it would reduce the amount of cash that banks must hold as reserves for the first time this year. Chinese leaders… Read More ›
Telecom Firms Of EU Exert Pressure On Big Tech For Payments For The Internet
European telecom companies want big tech in the United States to pay for the internet, but tech titans are fighting back. Tensions between European telecommunications firms and U.S. Big Tech companies have risen as telecom executives put pressure on regulators… Read More ›
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