Economic growth in Britain in June was faster than expected at 1 per cent as the month also marked the first full month of indoor service for many hospitality firms. The growth was fuelled by the healthcare sector where a… Read More ›
Regulations & Legal
China Files Case Against Tencent Over WeChat Youth Mode
Charges that Tencent’s messaging-app WeChat’s Youth Mode does not comply with laws protecting minors were placed against the Chinese tech company by the country’s regulators and prosecutors have filed a civil legal action against the company already. The Youth Mode… Read More ›
Antitrust probe by Italy’s AGCM looms ahead of McDonald’s, franchise business model in focus
According to a document from Italian antitrust authority AGCM, the regulator will investigate the terms and conditions in McDonald’s agreements with franchise operators following several complaints. The development could see the U.S. fast-food chain at risk of a hefty fine of… Read More ›
Chinese Regulators To Curb Unruly Online Fans And Pop Culture Shows
Strict action was taken against “unhealthy” online fan groups by Chinese internet and media regulators even as supporters of pop star Kris Wu flooded Chinese social media platforms to claim that innocence of the singer and to defend him against… Read More ›
Hong Kong’s Justice Secretary Teresa Cheng charts path towards HK adopting controversial mainland law
In a significant development, Hong Kong’s justice secretary has showed the path on how a mainland Chinese law to counter foreign sanctions could be adopted in Hong Kong by amending it into Hong Kong’s mini-constitution, pending a decision by the… Read More ›
Big Growth In Sales Reported By Nivea Maker Beiersdorf
A rebound in demand for its adhesives and its dermatological brands helped Nivea maker Beiersdorf to report sales that were higher than before the pandemic with the stocks of the company rising by more than 5 per cent during early… Read More ›
WHO Warns Hard-Won Gains Against Covid-19 Could Be Lost To Delta Variant
The spread of the highly transmissible delta variant of the novel coronavirus could pose a threat to the hard-won gains in fighting Covid-19 that the world has achieved so far, warned the World Health Organization on Friday but added that… Read More ›
Luxury Brand Prada Forecasts Continued Sales Growth In Second Half
Following expectation beating revenues for the first six months of the current year, Italian fashion group Prada forecast continued growth in sales for the he second half of the year as the luxury brand continued to recover from the hit… Read More ›
Strong Rebound In Euro Zone But Inflation Above ECB Target
The euro zone economy put off a Covid-19 pandemic induced recession in the second quarter as it grew faster than expected with the easing of restrictions and curbs to stop the spreading of infections. However the inflation shot past… Read More ›
Allianz’s becomes first wholly foreign owned insurance asset management company in China
On Friday, in a statement Allianz said, its local Chinese asset management business has received regulatory approval, marking the first wholly foreign-owned insurance asset management company in the country. Foreign financial institutions are eager to expand their onshore footprint in… Read More ›
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