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Former Kuaishou executive arrested for alleged corruption amid anti-bribery pressure on China’s Big Tech
Zhao Danyang, a former vice-president at Kuaishou responsible for its content business, was arrested along with two subordinates. The video-sharing company joins other tech giants, including Tencent, with employees that have been investigated for corruption.
Facebook launches PR campaign to defend targeted ads in spat with Apple
Facebook is not backing down in its fight with Apple over a new privacy feature that could curb tracking needed for the social network’s targeted ads, launching a major media campaign to defend a practice that is a big revenue generator.
Self-made South Korean billionaires promise to give half away
Two self-made South Korean billionaires have pledged in as many weeks to give away half their fortunes – a rarity in a country where business is dominated by family-controlled conglomerates and charity often begins and ends at home.
Self-made S. Korean billionaires promise to give half their fortunes away
SEOUL (AFP): Two self-made South Korean billionaires have pledged in as many weeks to give away half their fortunes -- a rarity in a country where business is dominated by family-controlled conglomerates and charity often begins and ends at home.
Biden's US$1.9tril aid bill wildly popular except by Republicans
WASHINGTON The White House is losing hope that congressional Republicans will back U.S. President Joe Biden's US$1.9 trillion coronavirus aid bill despite a campaign-style push that has won support from business leaders, local government officials, unions and voters
Wall Street ends sharply lower, tech selloff weighs as bond yields climb
NEW YORK: Wall Street's main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields
Europe takes slow lane to recovery as stimulus outpaced by US
BRUSSELS: While the United States rushes toward a blockbuster fiscal stimulus package to accelerate its recovery from the coronavirus crisis, much of Europe is pootling along in the slow lane.
Chinese minister calls for win-win ties with the US
SHANGHAI: China is ready to strengthen economic and trade exchanges with the United States, and carry out cooperation on the basis of mutual respect, equality and mutual benefit, commerce minister Wang Wentao has said.
Pandemic, EU billions drive Greece's digital revolution
ATHENS (Reuters) - Before COVID-19, visits to Greece's paper-strewn labour offices were a ordeal of queues and case files, often for basic matters that in less than a year have moved online as the pandemic upended old administrative routines.
