FREMANTLE: Even in the scorching Australian summer sun, long queues of customers snake around Fremantle harbour – a soothing sight for beleaguered local fishermen trying to replace lost business with China. Australia’s rock lobster exports are worth half a billion US dollars a year – and in normal times, 94 […]
Business
SHANGHAI: China on Saturday (Dec 26) amended a criminal law to increase imprisonment terms for securities and futures market crimes, including fraudulent securities issuances and information disclosure fraud, according to a regulatory statement. According to an online posting by the China Securities Regulatory Commission (CSRC) on Saturday night, the imprisonment […]
SYDNEY: Facebook has banned Australian celebrity chef and conspiracy theorist Pete Evans for repeatedly spreading misinformation about the coronavirus. With more than a million social media followers, Evans had been an influential promoter of conspiracy theories about the pandemic and vaccines. Facebook said today it would not “allow anyone to […]
WELLINGTON: New Zealand roared back from a coronavirus-induced recession with record economic growth of 14 per cent in the July to September quarter, official data showed on Thursday (Dec 17). The strong figures followed an 11 per cent decline in the previous quarter – when New Zealand was in a […]
HANOI: Facebook and Google are fast becoming “human rights-free zones” in Vietnam, Amnesty International warned today, accusing the tech titans of helping censor peaceful dissent and political expression in the country. Communist Vietnam has long jailed its critics but has come under fire in recent years for targeting users on […]
LONDON: British telecommunications firms must not install new Huawei 5G kit after September 2021, the government said on Monday (Nov 30), as part of a plan to purge the Chinese firm’s equipment from high-speed mobile networks. Britain has already ordered all Huawei equipment to be removed from its 5G network […]
WASHINGTON: The Trump administration is poised to add China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors and escalating tensions with Beijing weeks before President-elect Joe Biden […]
Facebook’s human moderators have focused on election and Covid-19 misinformation this year, so the company has leaned more on artificial intelligence algorithms to monitor other areas of the platform. New York-based businesswoman Ruth Harrigan usually sells her honey and beeswax products in souvenir shops. But with Covid-19 pausing tourism, she’s […]
Officials said online platforms bring huge benefits for businesses and society, but there is growing consensus in the UK and abroad that the concentration of power within a small number of tech companies is curtailing growth in the tech sector, reducing innovation, and potentially having negative impacts on the people […]
MUMBAI: India will allow app-based taxi aggregators such as Uber Technologies and Ola to charge up to 20 per cent commission on ride fares, according to guidelines issued on Friday (Nov 27) , diluting an earlier proposal to cap fees at 10 per cent. Industry experts had warned that a […]