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The Trump administration faces ongoing court battles after two legal setbacks in its efforts to bar U.S. app stores from offering Chinese-owned TikTok or WeChat for download. In two separate rulings, judges have questioned the evidence that data from American users is being accessed by the Chinese government imperiling U.S. national security that prompted the […]
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TikTok, owned by China’s ByteDance, has been racing to avoid a crackdown on its U.S. operations after being at loggerheads with the U.S. government, which has expressed concerns over the handling of personal data by the video app. While ByteDance is still in talks with U.S. investors, the White House and the Chinese government over […]
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Meng Wanzhou, chief financial officer of Huawei Technologies Co Ltd [HWT.UL] will appear in a Canadian court on Monday as her extradition hearing enters the next phase. Here is a timeline of the case. AUG. 22, 2018: A New York court issues an arrest warrant for Meng for her to stand trial in the United […]
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Air France-KLM is battling new green taxes on top of the coronavirus crisis – in a test of growing policy tensions between righting Europe’s crippled airlines and delivering on climate goals. The Franco-Dutch group, sustained by 10.4 billion euros ($12.2 billion) in state-backed loans, faces higher duties in both home markets as well as EU […]
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The Securities and Exchange Commission on Monday charged a former finance manager at Amazon.com, Inc. and two of her family members with insider trading in advance of the company’s earnings announcements between January 2016 and July 2018. The SEC alleged that Laksha Bohra, who worked as a senior manager in Amazon’s tax department, acquired and […]
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Global equity markets surged and the dollar fell from two-month highs on Monday as investors moved into beaten-down sectors such as banks and travel on the heels of last week’s sharp sell-off. Asian shares gained, with Chinese shares boosted by data over the weekend showing China’s industrial firms grew for the fourth consecutive month in […]
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