China to remove 25 Didi apps from store as crackdown intensifies

BEIJING, July 9 (Reuters) – China’s cyberspace administration on Friday said it would remove 25 mobile apps operated by Didi Global Inc (DIDI.N) from app stores as the government stepped up a crackdown on the ride-hailing giant. The apps in question used data that was illegally collected by Didi and include those for its delivery service, camera […]

Musk trial asks the $2 bln question: Who controls Tesla?

More than $2 billion hinges on that question as a trial kicks off on Monday. Shareholders allege that Musk used his control of Tesla to force the company in 2016 to rescue SolarCity, saving the solar panel maker – and Musk’s investment in the company – from bankruptcy.

EXCLUSIVE White House to target bank mergers, financial data with competition order

WASHINGTON, July 9 (Reuters) – President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals, according to a source familiar with the matter. It will also ask the Consumer Financial Protection […]

U.S. adds 14 Chinese companies, to economic black list over Xinjiang

WASHINGTON, July 9 (Reuters) – The Biden administration on Friday added 14 Chinese companies and other entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang. The Commerce Department said the companies had been “implicated in human rights violations and abuses in the implementation of China’s campaign of repression, mass […]

Caseloads climb as Southeast Asia feels force of Delta variant

July 9 (Reuters) – Having escaped the worst when the coronavirus pandemic erupted last year, Southeast Asia is now suffering record rises in deaths and cases, while vaccination shortfalls and highly contagious variants have derailed containment efforts. As countries like Britain, Germany and France prepare to remove most remaining restrictions after devastating outbreaks, governments in […]

The ‘midnight patrol’ in China is cracking down on young people

Tencent, a Chinese gaming behemoth, has been deploying facial detection technology to prevent youngsters from playing between the hours of 22:00 and 08:00. According to the company, the “midnight-patrol” technology would prevent “tricks” from avoiding the government curfew, which was implemented in 2019 with a cap on how much young gamers would invest in-game transactions. Gamers […]