US banking giant Morgan Stanley has agreed to pay $60 million to settle a lawsuit brought by customers who have alleged that the bank exposed their personal data when it failed – twice – to properly retire its legacy information technology…. Read More ›
data privacy
Changes in iPhone’s privacy setting signals Apple’s hidden ambition to enter internet advertising space
According to an analyst from RBC Capital Markets, privacy changes in Apple’s iPhones signals that the tech giant may expand into the internet advertising market dominated by Facebook and Google. An update in April on most iPhones allow users to decide… Read More ›
Chinese regulators abruptly suspend Ant Group’s dual IPO listing
In a significant development, Chinese Ant Group’s record $37 billion initial public offering has been suspended with Chinese regulators describing the move as reasonable and necessary. The suspension was just days before its dual debuts in Hong Kong and in… Read More ›
Acquisition of GNC by Chinese company should undergo CIFUS review: Senator, Marco Rubio
In a significant development, U.S. Senator Marco Rubio has asked for a national security review of General Nutrition Centers plans to sell itself to Harbin Pharmaceutical Group Co Ltd. Rubio made the request in a letter to Treasury Secretary Steven… Read More ›