TAIPEI: Taiwan’s government has opened an investigation into four companies named in a media report as conducting business with firms linked to United States-sanctioned Huawei in China, and is considering tighter rules on key technologies. Taiwan Economy Minister Wang Mei-hua said the ministry would be looking into whether the firms’ […]
Business
British media regulator Ofcom on Thursday asked the country’s antitrust regulator to investigate U.S. tech giants Amazon and Microsoft’s dominance of the UK cloud market. Ofcom said its study identified features that make it more difficult for UK businesses to switch to, and use multiple cloud suppliers. “The CMA (Competition […]
SINGAPORE : China’s international trade council has formally asked the United States to “carefully consider” rules that ban or restrict U.S. investments in China’s tech sector, state television reported on Friday. U.S. President Joe Biden signed the executive order last month which prohibits or restricts investments in Chinese entities involved […]
NEW YORK: A key selling point of Donald Trump’s 2016 presidential run was that he was a businessman, not a politician. But his corporate empire, which served as proof to many voters of his economic credibility, is now in jeopardy after a judge ruled on Tuesday (Sep 26) that the […]
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 32 cents, or 0.3 per cent, to $93.59 a barrel by 0434 GMT […]
WASHINGTON: Four months after barely avoiding a catastrophic default, the world’s largest economy is once again on the verge of a major fiscal crisis. President Joe Biden’s Democrats are engaged in a bitter feud with Republican rivals in Congress over spending bills, which, if not passed into law soon, may […]
NEW YORK: Rupert Murdoch announced on Thursday (Sep 21) he will step down as chairman of his global media empire, a conservative behemoth that shaped politics across continents, and hand control over to his son Lachlan. The Australian-born mogul, who built a global entertainment and news juggernaut instrumental in events […]
WASHINGTON: A group of 18 state attorneys general said yesterday they backed Montana’s effort to ban Chinese-owned short video app TikTok, urging a US judge to reject legal challenges ahead of the January 1 effective date. The state attorneys general led by Virginia and including Georgia, Alaska, Utah, Indiana, Nebraska, […]
ZURICH: Did banking giant UBS make the deal of the century when it bought one of the world’s biggest banks for a pittance as it teetered on the edge of the abyss? Switzerland’s largest bank was in March strong-armed by Swiss authorities into a US$3.25 billion takeover of Credit Suisse, […]
KUALA LUMPUR : Malaysia said on Tuesday it is considering regulations that will make internet giants Alphabet Inc’s Google and Facebook parent Meta Platforms compensate news outlets for content sourced from them. Malaysia is in discussions with Google, Meta and other major online platforms over the regulatory framework, the Malaysian […]