Corporate records show that the Chinese government has stakes in Chinese entities owned by ByteDance and Sina Weibo. The news comes midst widening regulatory crackdown on the industry. Shareholder data from the National Enterprise Credit Information Publicity System shows WangTouZhongWen… Read More ›
Regulations & Legal
US Approval For Operating Undersea Data Cable Filed By Facebook, Amazon
Tech giants Facebook Inc and Amazon.com Inc have sought approval from the United States government for starting operations of a new undersea data cable between the Philippines and California following the exit of China Mobile from the plan, said a… Read More ›
Taliban should not be recognized as Afghanistan’s government: Boris Johnson
In a statement British Prime Minister Boris Johnson said, countries across the globe should not recognise the Taliban as the government of Afghanistan saying, it was clear that there would be a new administration in the country shortly. “We don’t… Read More ›
Pakistan-backed terror group Taliban gains full control over Afghanistan
In a statement a spokesman for the Taliban’s political office said, war was over in Afghanistan and called for peaceful relations with the international community. In an interview with Al Jazeera TV, Taliban’s spokesman Mohammad Naeem said, the Taliban did… Read More ›
BHP Could Announce Decision On Exiting Petroleum Business Next Week
With growing pressure to cut its fossil fuel footprint, BHP Group Ltd is increasingly expected to give a final decision on the future of its petroleum business when it announces its results next week. There has been increasing pressure on… Read More ›
Hacker Of Largest Crypto Theft Ever Offered Reward And Immunity
A reward of $500,000 and immunity was offered to a hacker who stole more than $600m worth of cryptocurrency for returning the money. The controversial offer, made after the hacker pledged to send back the money, was made by Poly… Read More ›
Britain helps travel industry, cuts cost of COVID-19 tests for travel purposes
In a statement Britain’s Department of Health and Social Care said, it was cutting the cost of COVID-19 tests for travel from the National Health Service (NHS) and was reviewing the list of private providers to ensure pricing is transparent;… Read More ›
UK Economy Continues Growth In June Helped By Diners And Doctors
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 ›
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 ›