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 […]
Didi extends slide as Beijing clampdown sounds alarm for U.S.-listed China companies
Didi Global Inc (DIDI.N) fell for the third consecutive session on Wednesday after China ordered the app removed from mobile app stores as part of a broader crackdown on China-based companies with overseas listings.
S&P 500, Nasdaq post record closing highs after Fed minutes
U.S. stocks ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.
Ackman’s SPAC signs deal to buy 10% of Vivendi’s Universal
Billionaire investor William Ackman’s Pershing Square Tontine Holdings (PSTH.N) signed a deal to buy 10% of Universal Music Group (UMG), Taylor Swift’s label, for about $4 billion, the companies said on Sunday.
