Month: July 2023
China fines Ant Group with nearly $1bn fine.
The investment prospects of China’s tech sector have been clouded in recent years by questions about risky lending and President Xi Jinping’s push to assert greater state control over the economy. The abrupt halt in 2020 to the hotly anticipated plans for Ant Group’s public listing, after a speech by Mr Ma seen as critical
Twitter Vs Threads in making money
Less than 24 hours after Mr Zuckerberg launched his alternative to Twitter, Threads, it had already claimed some 30 million sign-ups – lending it credibility as a serious contender in the world of social media. Mr Musk was ready on Thursday with the counter-punch, reportedly threatening legal action against Meta for stealing trade secrets. Tech
supply cluster bombs to Kyiv
Ukrainian President Volodmyr Zelenskyy is set to travel to Istanbul to hold Friday talks with Turkish President Recep Tayyip Erdogan, Turkey played a key role in brokering the agreement last year to keep sea passage routes safe from harm amid the war. The leaders will also discuss issues related to 2023 NATO summit next week
West clashes with Russia, Iran at UN
The 2015 nuclear deal limited Tehran’s uranium stockpile to 300 kilograms (661 pounds) and enrichment to 3.67% enough to fuel a nuclear power plant. But following the U.S. withdrawal, Tehran escalated its nuclear program and has been producing uranium enriched to 60% purity a level for which nonproliferation experts already say Tehran has no civilian
US-China economic rivalry
In May, China banned US chip giant Micron Technology from selling its chips to key infrastructure projects, citing national security risks after United States and Its allies banning chips export to china. And in March, Chinese authorities raided the office of US corporate due diligence firm Mintz Group in Beijing and detained five local staff.
Ukraine request for American cluster bombs
As Ukraine’s counter-offensive approaches its second month, with progress still slow, a few weapons remain on its wish-list. One is the 150km-range Ground Launched Small Diameter Bomb (glsdb), which America has pledged but not yet dispatched. The second is the 300km-range atacms missile, which America remains wary of supplying. The third may be the most
Twitter threatens legal action over threads
Both Mr Musk and Mr Zuckerberg have acknowledged the rivalry over Threads, which is linked to Instagram but works as a standalone app. As it launched in 100 countries, Mr Zuckerberg broke more than 11 years of silence on Twitter to post a highly popular meme of two nearly identical Spider-Man figures pointing at each
Wagner chief is still in Russia
Prigozhin launched a mutiny against Russia’s military leadership on June 23 and sent an armed column towards Moscow in the biggest challenge to President Vladimir Putin’s leadership. Some 24 hours later, the Kremlin said the crisis had been resolved thanks to mediation from Lukashenko, with Prigozhin due to depart for Belarus.Wagner chief Yevgeny Prigozhin is
Germany to send temporary troops to Romania
Romanian PM Ciolacu said on July 4, during a joint press conference in Berlin with German Chancellor Olaf Scholz, that he wants German troops in Romania to help secure NATO’s eastern flank and German defense minister Boris Pistorius promised Lithuania last week that 4,000 German troops would be stationed there . The German government reportedly
Canadian government to stop advertiding with facebook over news row
Meta has already begun restricting access to news to a small percentage of Canadians in tests and said it plans to implement a full blackout in the coming weeks. Canada’s federal government has said it will pull all its advertising from Facebook and Instagram. It follows parent company Meta’s move to restrict news content for