SHANGHAI: Police in China arrested more than 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said. The arrests came as authorities in China step up their crackdown on cryptocurrency trading. Last month, three industry […]
Business
WASHINGTON: Alphabet’s Google said on Wednesday (Jun 9) it was building an undersea cable that would connect the United States, Brazil, Uruguay and Argentina, to bolster internet connection capacity between these regions. The cable, called Firmina, will be the longest cable in the world, Google said in a blog post, […]
TOKYO: Japan’s economy shrank at a slower-than-initially reported pace in the first quarter, on smaller cuts to plant and equipment spending, but the coronavirus pandemic still dealt a huge blow to overall demand. The slower contraction provides a relief for policymakers hoping Japan’s economic recovery will not lag those of […]
CALIFORNIA: Apple on Monday (Jun 8) said a new “private relay” feature designed to obscure a user’s web browsing behavior from internet service providers and advertisers will not be available in China for regulatory reasons. The feature was one of a number of privacy protections Apple announced at its annual […]
Google said on Monday it will test changes to its widely-used online advertising services over the coming months following the French antitrust decision. PARIS: Google said on Monday it will test changes to its widely-used online advertising services over the coming months following the French antitrust decision. The company also […]
LONDON: A group of the world’s richest nations reached a landmark deal on Saturday (Jun 5) to close cross-border tax loopholes used by some of the world’s biggest companies. The Group of Seven said it would back a minimum global corporation tax rate of at least 15 per cent, and […]
NEW DELHI: India’s government on Saturday (Jun 5) warned Twitter to immediately comply with the country’s new social media regulations, which critics say give the government more power to police online content. Twitter is involved in a tense battle with the Indian government, which has often asked it to restrict […]
Facebook Inc is planning to end its policy that shields politicians from some content moderation rules, The Verge reported on Thursday (Jun 3), in what would be a major policy reversal for the world’s largest social media network. The reported change comes as Facebook is expected to announce its response […]
SHENZHEN: Embattled Chinese tech giant Huawei will launch a homegrown new mobile operating system on Wednesday (Jun 2) as it fights for survival in the smartphone arena after the US blocked it from using Android. Huawei will unveil its first mobile devices loaded with the new Harmony OS in an […]
SINGAPORE: In 2002, Olivio, a 36-unit condominium in Novena was completed and welcomed its new residents. But just four years later, it was sold en bloc and torn down. To this day, it remains one of the youngest condominiums to have undergone a successful collective sale – which is when […]