Date
24 April 2018

Industries

  • Facebook wants users in Africa, Asia, Australia and Latin America to be outside the coverage of the European Union’s General Data Protection Regulation, which takes effect on May 25. Photo: AFP

    Facebook to put 1.5 bln users out of reach of new EU privacy law

    Apr 20, 2018 8:09am
    If a new European law restricting what companies can do with people’s online data went into effect tomorrow, almost 1.9 billion Facebook Inc. users around the world would be protected by it. The online social network...
  • Snapchat is rolling out an enhanced version of its lens product to make it easier for advertisers to sell their products to users of the messaging service. Photo: Bloomberg

    Snapchat adds a prompt in Lenses platform to drive shopping

    Apr 19, 2018 6:15pm
    Messaging service Snapchat is rolling out a new feature that will assist advertisers in selling their products through the app’s sponsored lenses. The multimedia messaging app is launching a feature called Shoppable AR, where users find...
  • ZTE and its fellow Chinese telecom equipment maker Huawei have been facing the brunt of US sanctions on Chinese firms. Photo: Bloomberg

    What can ZTE and Huawei do amid US sanctions?

    - Apr 19, 2018 2:37pm
    With Sino-US trade frictions escalating and the Trump administration seemingly bent on reining in China’s technology companies, telecom equipment players ZTE and Huawei are facing mounting challenges.  Targeted on the grounds that they pose a risk...
  • Chinese property tycoon Yang Guoqiang believes that once a land plot is secured, development work should be initiated as quickly as possible. Photo: Country Garden

    Why Country Garden boss is obsessed with project devt speed

    - Apr 19, 2018 9:48am
    Yang Guoqiang, the founder of Chinese property developer Country Garden Holdings (02007.HK), received little formal education, but he is known to be a keen learner and a strong person when it comes to executing plans. Yang...
  • Cryptocurrencies have been impacted this year by fears of a crackdown from regulators and concerns that they have been in a speculative bubble that is now deflating. Photo: Bloomberg

    Cryptocurrency funds down nearly 30 percent in March

    Apr 19, 2018 9:23am
    Cryptocurrency funds were down 29.2 percent in March amid an ongoing slump caused by increased scrutiny from global regulators of the virtual assets, Reuters reports, citing a new index launched by data provider BarclayHedge. The Barclay...
  • ZTE is facing mounting woes as US authorities have banned American firms from supplying components and software to the Chinese telecom equipment and smartphone manufacturer. Photo: Bloomberg

    ZTE delays earnings report after US parts supply ban

    Apr 19, 2018 9:23am
    Chinese telecom equipment and smartphone maker ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a US order that bans American companies from selling it parts, Reuters reports....
  • CEO James Gorman said he would re-evaluate targets if  Morgan Stanley generates returns above the 10 to 13 percent range through the rest of the year. Photo: Bloomberg

    Morgan Stanley tamps down enthusiasm on record profit

    Apr 19, 2018 8:49am
    Morgan Stanley reported record first-quarter earnings thanks to a surge in trading activity, much like other Wall Street banks, but executives warned results through the rest of the year may not be quite as strong, Reuters...
  • Facebook has teamed up with an independent digital journalism initiative in India to curb the menace of fake news stories. Photo: Reuters

    Facebook rolls out program in India to curb fake news

    Apr 18, 2018 6:26pm
    Facebook is rolling out a fact-checking program in India to ensure the authenticity of news stories circulated on its platform. The social media giant has teamed up with an independent digital journalism initiative, BOOM, as it...
  • The proposed EU law would allow European prosecutors to force companies to turn over data such as emails, text messages and pictures stored online in another country, within 10 days or as little as six hours in urgent cases. Photo: AFP

    EU proposal to force tech firms to give overseas data to police

    Apr 18, 2018 5:30pm
    Technology companies such as Google, Microsoft and Facebook will be forced to hand over users’ data to European law enforcement officials even when it is stored on servers outside the bloc, under a proposed EU law....
  • Alexander Nix (right), the ousted CEO of Cambridge Analytica, had spoken earlier about how blockchain can help people take ownership of their data and monetize it. Photo: Reuters

    Cambridge Analytica planned to issue digital currency: report

    Apr 18, 2018 4:54pm
    Data analytics consultancy Cambridge Analytica had been planning to raise money through its own cryptocurrency before it became embroiled in the Facebook data scandal, according to Reuters. Citing sources familiar with the matter, the news agency reports...
  • Starting this week, Facebook will seek Europeans’ permission for a variety of ways it uses their data, but users cannot opt out of targeted marketing. Photo: AFP

    Facebook: Users must accept targeted ads even under new EU law

    Apr 18, 2018 4:54pm
    Facebook Inc. said it will continue requiring people to accept targeted ads as a condition for using its service, a stance that may help keep its business model largely intact despite a new European Union privacy...
  • International Monetary Fund chief Christine Lagarde called for an open-minded and even-handed approach in devising a regulatory framework for crypto assets. Photo: Reuters, Bloomberg

    IMF chief praises crypto assets, urges even-handed approach

    Apr 18, 2018 2:08pm
    The cryptocurrency community received surprising, if positive, remarks from the head of the International Monetary Fund, Christine Lagarde, who outlined the benefits of crypto assets and the underlying distributed ledger technology. In her latest blog post, the IMF...
  • HomePod has seen sluggish sales since its launch in January at the price of US$349. Photo: AFP

    Why Apple’s HomePod has failed to make waves in tech market

    - Apr 18, 2018 12:45pm
    Apple is a market leader when it comes to smartphones, tablets and wearables, generating tremendous market response from consumers. However, HomePod, the smart speaker it launched early this year, has so failed to make waves in...
  • Philadelphia Councilman Kenyatta Johnson (center) addresses the media along with colleagues on Monday outside the Starbucks store where two black men were arrested in a controversial incident last week. Photo: Reuters

    Starbucks to provide racial tolerance training to US staff

    Apr 18, 2018 9:51am
    Starbucks Corp announced on Tuesday that it will close 8,000 company-owned US cafes for the afternoon on May 29 in order to provide racial-bias training for its employees. About 175,000 people working at stores across the...
  • Macau casinos are finding it hard to attract young customers who are more interested in mobile games than playing baccarat or roulette. Photo: Reuters

    Biggest threat to Macau gaming industry is not Hainan

    - Apr 18, 2018 9:23am
    China will allow horse racing and sports lotteries on the southern island of Hainan, as part of efforts to turn the province into the mainland’s biggest pilot free-trade port. Will Hainan lure away local horse-racing fans...
  • ZTE shipped 46.4 million smartphones last year, placing it seventh among Android-based phone makers. Photo: Reuters

    ZTE may lose Android license as US market woes build

    Apr 18, 2018 9:21am
    Chinese smartphone maker ZTE Corp.’s US woes deepened as regulators proposed new rules that could cut into its sales, while a supply ban means it may not be able to use Android software in its devices,...
  • Web servers run inside Facebook's data center in Prineville, Oregon. Facebook and other global technology firms have vowed to protect customers  from attacks regardless of geopolitical or criminal motive. Photo: Bloomberg

    Global tech firms vow not to aid government cyber attacks

    Apr 18, 2018 7:04am
    Microsoft, Facebook and more than 30 other global technology companies announced a joint pledge not to assist any government in offensive cyber attacks, Reuters reports. The Cybersecurity Tech Accord, which vows to protect all customers from...
  • Garage Society founder and chief executive Elaine Tsung (inset) believes "co-work" means a mode of work, besides a space for work. Photo: Garage Society

    Garage Society opens campus to train innovation & tech leaders

    - Apr 17, 2018 6:03pm
    Garage Society, a Hong Kong-based co-working space operator, announced on Monday it has opened a new facility that will help nourish entrepreneurial talent in new industries. Located at Lockhart Road in Wan Chai, Garage Academy will...
  • Broadening the tax base will require new approaches to measuring value in the economy. Photo: Bloomberg

    Rethinking the 21st century economy

    - Apr 17, 2018 3:58pm
    Before the threat of a US-China trade war arose, surging stock markets and corporate profits had obscured the fact that the global economic system is under existential stress. Global financial stability remains considerably in doubt. Indeed,...
  • Julia Leung, deputy CEO of the Securities and Futures Commission, said many of the projects funded by initial coin offerings “are dubious, if not downright frauds”. Photo: HKEJ

    SFC warns of risks of investing in initial coin offerings

    Apr 17, 2018 3:21pm
    Hong Kong’s Securities and Futures Commission (SFC) has warned the public about the risks of participating in initial coin offerings (ICOs), saying many of the projects adopting this fundraising method “are dubious, if not downright frauds”....

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