Date
23 July 2018

BUSINESS

  • SoftBank Vision Fund is seeking to invest almost US$1 billion in China’s facial recognition technology developer SenseTime Group, Bloomberg reports, citing people familiar with the matter. The fund, created by Japan’s SoftBank Group, and SenseTime are finalizing...
  • US lawmakers cut measures from a defense bill that would have reinstated sanctions on China’s ZTE Corp, abandoning an attempt to punish the firm for illegally shipping US products to Iran and North Korea, Reuters reports....
  • European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers on Sunday, putting them at odds with US counterparts, Reuters reports. The...
  • WhatsApp, the instant messaging app owned by Facebook, is rolling out more changes as it seeks to curb fake news and spam on its social platform. After recently adding labels that can help users identify whether...
  • China’s central bank and finance ministry recently engaged in a hot debate over the role of fiscal policy amid the nation’s economic restructuring. The debate was triggered by an article written by Xu Zhong, the head...
  • Earlier this week, 28 Uber drivers were convicted of providing car-hire services without permits at the Kowloon City Magistrates’ Courts, and were fined between HK$3,800 and HK$4,500. In his ruling, Magistrate Joseph To Ho-shing said the...
  • In April this year, a delegation led by Zhanjiang City Mayor Jiang Jianjun visited the headquarters of BASF in Ludwigshafen, Germany. He was blown away by what he saw. Its “Verbund” site is the largest industrial...
  • US cable giant Comcast on Thursday dropped its US$66 billion bid for the entertainment assets of Twenty-First Century Fox, saying it will now focus on gaining control of European broadcaster Sky. The withdrawal marks a concession...
  • A lawyer for discount e-commerce company Groupon Inc. told a US federal court that International Business Machines Corp. has shaken down practically every large tech firm for patent fees, Reuters reports. IBM is suing Groupon for...
  • Microsoft Corp. posted quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite. The company’s flagship Azure cloud product recorded revenue growth...

WORLD

EJI Weekly Newsletter

Please click here to unsubscribe