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Didi cybersecurity review expected to set precedent for future ‘national security’ probes into data collection
The Didi review is the first time Beijing has invoked national security in a Big Tech investigation, a move that could be precedent-setting, say analysts. News of the investigation, coming two days after Didi’s IPO in New York, triggered a 5% drop in its share price.
LONDON (Reuters) -Shares of financial technology company Wise ended 10% up on their first day of trading on Wednesday in London's largest ever tech listing that could pave the way for other firms looking to go public without the help of underwriters.
Source says Didi pushed ahead with US listing before it had full clearance from CAC, forcing Beijing’s hand. Didi says it had no foreknowledge of security review and says it will cooperate with Chinese authorities.
LONDON (Reuters) -Wise's record breaking direct listing has come as a relief to other tech firms aiming to go public in the coming months, the bankers managing those deals and to post-Brexit London.
Data rights groups are warning of privacy violations and risks to vulnerable communities after Abu Dhabi deployed scanners at border crossings, malls and other public locations that could detect Covid-19 in seconds.
Facial recognition tech linked to personal health codes has been rolled out in a Chinese city bordering Myanmar as authorities seek to squash a coronavirus outbreak.
HANOI (Reuters) - Vietnam's government is seeking to increase scrutiny of livestream content on social media such as Facebook and Google, in its latest move to rein in online activities it deems to be anti-state.
The use of facial-recognition software by law enforcement should be regulated, a bipartisan group of lawmakers said, amid concerns of misidentification and violations of constitutional rights and due process.
NEW YORK (Reuters) - Oracle Financial Services Software Ltd, a unit of Oracle Corp, has teamed up with financial technology provider Everest to bring blockchain to banks worldwide to enhance their product offerings, Everest Chief Executive and co-founder Bob Reid said.
Peruvian indigenous groups equipped with remote sensing technology and satellite-based alerts have been helping to track and report forest loss in the Amazon as drug trafficking fuels deforestation, research published on July 12 showed.