S Korea set to ban app payment monopolies in world first

South Korean MPs were expected to ban Apple and Google from forcing app developers to use the tech giants’ payment systems on Tuesday, effectively declaring their lucrative App Store and Play Store monopolies illegal.
31 August 2021, 18:00 PM

Google, Facebook, Microsoft top EU lobbying spending: study

Alphabet Inc’s Google unit, Facebook Inc and Microsoft Corp are the three biggest lobbying spenders in Europe in a battle against tough new laws aimed at curbing US tech giants’ powers, a study released on Tuesday showed.
31 August 2021, 18:00 PM

China’s economy under pressure as factory activity slows

China’s businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likelihood of more near-term policy support to boost growth. 
31 August 2021, 18:00 PM

China graft watchdog calls for stricter regulation of restaurants

China’s graft watchdog on Monday called for stricter supervision of restaurants that chase rapid success online after a series of food safety scandals, as regulators continue to ramp up pressure on social media and the tech sector.
30 August 2021, 18:00 PM

Australian economy slowing in Q2

Australia’s economy was likely already slowing before wide-scale coronavirus restrictions shuttered swathes of business and jobs, setting the stage for a vicious contraction this quarter.
30 August 2021, 18:00 PM

Singapore must remain open as anxiety over job competition grows: PM

Singapore must stay open to preserve its status as a global business hub, its prime minister said on Sunday, even as the country continues to tighten its foreign worker policies and addresses anxieties among locals over competition for jobs.
30 August 2021, 18:00 PM

China August factory activity seen growing at slower pace

Growth in China’s factory activity likely cooled further in August, a Reuters poll showed on Monday, as Covid-related restrictions and high raw material prices continued to pressure manufacturers and the economy lost momentum. 
30 August 2021, 18:00 PM

Australia considering new laws for Apple, Google, WeChat digital wallets

The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple and Alphabet’s Google.
30 August 2021, 18:00 PM

China targets US IPOs, algorithms, cloud in latest tech takedown

China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the United States, seeking to tighten up regulation of their use of algorithms and sidelining their cloud computing businesses in a major city.
28 August 2021, 18:00 PM

Chinese social media platforms to rectify financial self-media accounts

China’s top social media platforms, Wechat, Douyin, Sina Weibo and Kuaishou, said on Saturday they would begin to rectify irregular practices of  “self-media” accounts that publish financial information, reported state media Global Times.
28 August 2021, 18:00 PM

Toyota halts all self-driving e-Palette vehicles

Toyota Motor said on Friday it had suspended all self-driving e-Palette transportation pods at the Tokyo Paralympic Games village, a day after one of the vehicles collided with and injured a visually impaired pedestrian. 
28 August 2021, 18:00 PM

Cuban entrepreneurs get ready for a more open economy

Cuban entrepreneurs, running businesses ranging from selling dried fruit to repairing bikes and developing software, are scrambling to understand the opportunities and challenges ahead after a landmark change in the rules governing the Communist-run economy.
28 August 2021, 18:00 PM

Thailand eases curbs on retail, restaurants to spur economy

Thailand will lift most coronavirus restrictions on retail and dining from next month and permit gatherings of up to 25 people in Bangkok and other high risk areas, its Covid-19 task force said on Friday.
28 August 2021, 18:00 PM

Finance minister off to Geneva for attending LDC meeting

Finance Minister AHM Mustafa Kamal left Dhaka for Geneva today to attend the Asia-Pacific Regional Review Meeting on implementation of IPoA in preparation for the 5th UN Conference on the LDC (UNLDC-5).
28 August 2021, 05:30 AM

China’s property crackdown stalks credit markets

China’s push to wean property developers from excessive borrowing is spilling over into loan losses at banks and pain in credit markets as cash-strapped builders fall into distress, raising the risk of fallout rippling across the economy.
26 August 2021, 18:00 PM

Air New Zealand narrows pandemic losses

Air New Zealand managed to cut its losses by a third in the last financial year as strong domestic and cargo demand partially offset the impact of the global pandemic, the airline said Thursday.
26 August 2021, 18:00 PM

PetroChina posts interim profit of $8.2b

PetroChina reported an interim profit of 53.04 billion yuan ($8.18 billion) on Thursday, thanks to rising oil and gas prices and a recovery in Chinese fuel demand from the coronavirus pandemic slump. 
26 August 2021, 18:00 PM

UK pursuing data partnerships with US and others

Britain said it was pursuing data partnerships with countries including the United States, Australia, South Korea and other fast-growing markets to break down barriers and boost trade after Brexit.
26 August 2021, 18:00 PM

Afghanistan’s banks brace for bedlam

Afghanistan’s banks, critical to the country’s recovery from crisis, are facing an uncertain future say its bankers, with doubts over everything from liquidity to employment of female staff after the Taliban swept to power.
26 August 2021, 18:00 PM

Citi considering bitcoin futures trading for some clients

Citigroup Inc is considering offering bitcoin futures trading for some institutional clients, a spokesperson for the bank said on Tuesday, citing increased demand in the cryptocurrency space.
25 August 2021, 18:00 PM