Date
21 August 2019

BUSINESS

  • Amid a paradigm shift in retail management, companies have been under growing pressure to pursue digital transformation and adopt Big Data-related business models. Among the consumer-driven firms that have embraced such path early on is global...
  • China’s biggest e-commerce company Alibaba Group Holding Ltd. has delayed its up to US$15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, Reuters reports, citing two people with knowledge of...
  • Facebook-owned WhatsApp is in talks with several digital payment companies in Indonesia to offer mobile transaction services through the messaging app in a bid to tap the nation’s fast-growing e-commerce sector, Reuters reports. If this materializes,...
  • US President Donald Trump said his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading...
  • Facebook Inc.’s proposed digital currency Libra faces anti-trust probe by European Union regulators, Bloomberg reports, citing a document it has seen. The European Commission is “currently investigating potential anti-competitive behavior” related to Libra amid concerns that...
  • Intel Corp. unveiled its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing centers, Reuters reports. The chip, developed at its development facility in Haifa, Israel, is known...
  • Facebook Inc. said it is tweaking its policies to allow users to see and control the data that the social network gathers from their browsing habits on other websites and apps, Reuters reports. The company defines...
  • Walmart Inc. sued Tesla Inc., saying solar panels supplied by the electric car maker were responsible for fires at about seven of its stores, Reuters reports, citing a lawsuit filed in a New York court on...
  • US banking regulators eased trading regulations for Wall Street banks, giving them one of their biggest wins under the Trump administration but drawing criticism from consumer activists who warned of potential risks to taxpayers. The Office...
  • China’s Xiaomi Corp. (01810.HK) reported 15 percent growth in quarterly revenue, missing estimates, as fewer people bought smartphones at home and rival Huawei grabbed market share, Reuters reports. The company is weathering a bleak domestic smartphone...

WORLD

  • Limiting marriage to between a man and a woman will remain China’s legal position, a parliament spokesman said on Wednesday, ruling out following neighboring Taiwan in allowing same-sex marriage, despite pressure from activists. Taiwan’s parliament passed...
  • China’s State Council has unveiled a detailed plan for wide-ranging reforms to be implemented in Shenzhen. The plan was released against the backdrop of a series of anti-government protests in Hong Kong. Some observers have speculated...
  • Former Vatican treasurer Cardinal George Pell lost an appeal against his conviction for sexually abusing two 13-year-old choir boys and will remain in prison for at least another three years, an Australian court ruled on Wednesday....
  • US President Donald Trump said his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading...
  • Italian President Sergio Mattarella begins two days of talks with parties on Wednesday to seek a way out of a political crisis that will lead to the formation of the country’s 67th government since World War...

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