The Chinese government revealed on Wednesday a five-year plan sketching the state’s scheme to strengthen its regulation grasp on much of its economy. The documentation, referencing Chairman Mao, came as a follow-up to Beijing’s recent regulations wave targeting the nation’s various industries and sectors. Beijing’s plan clarifies that additional rules will be endorsed to empower […]
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For authoritarianism to survive, it must learn to adapt. While governments have been utilizing the latest tech to communicate with their people and understand their sentiment, the same tools are being used in a pervasive, yet subtle manner, in a bid to enforce repression among the public and remain in power. An example of this could be seen as WhatsApp and other social media platforms are now being blocked in Zambia […]
The dishonesty of a senior executive for Chinese communications giant Huawei Technologies put a bank at risk of violating U.S. sanctions against Iran, a Canadian justice department lawyer told an extradition hearing Thursday. Canada arrested Meng Wanzhou, the daughter of Huawei’s founder and the company’s chief financial officer, at Vancouver’s airport in late 2018. The […]
China’s tech sector hustles to free itself from trustbusters’ noose by self-correcting its behavior in a bid to get ahead of any impending regulatory rage from Beijing. The country’s tech sector has played its latest card in what seems to be a never-ending battle between authorities and the industry. Some of China’s biggest companies […]
China has allegedly terminated independent driving startup Pony.ai’s efforts to go public on New York Stock Exchange (NYSE) amidst Beijing’s endeavors to enforce regulations on numerous sectors in China’s tech industry, Reuters reported on Wednesday. The California-based company was expected to go public via a special-purpose acquisition with a blank-check company in the U.S. that would have […]
South Korean developer of Player Unknown’s Battlegrounds’ (PUBG), Krafton, initial public offering recorded a 20 percent drop on Tuesday following a crackdown due to a state-led media attack on the gaming industry. This is considered the biggest initial decline of a South Korean IPO after LG Philips LCD collapse in the same market 17 years ago. Krafton’s loss came after it reduced its IPO target by more than 10 percent last month following regulatory demands […]
Step aside Facebook, as TikTok just got crowned the most downloaded social media app in the world as of 2020, according to survey conducted by digital analytics company App Annie. Launched in 2016, The Chinese video-sharing platform has since overtaken Facebook, WhatsApp, Instagram, and Facebook Messenger, all of which make up Facebook’s ecosystem. This isn’t a milestone to overlook, as Facebook-owned apps have held the top spot since the survey began in […]
The U.S. ranked the second highest country worldwide with 54,615 CoV-2 Delta variant cases on Monday, according to Statista, amid a similar wave of virus misinformation that spiked noticeably between June and July. Rates of COVID-19 misinformation and its vaccines increased significantly from June to July, according to U.S.-based AI intelligence cloud that tracks relevant phrases on social media and news outlets, Zignal Labs. Among the most common falsehoods according to the AI media firm, 437 percent claimed that vaccines don’t work, 156 percent […]
The Senate has passed a nearly $1 trillion bipartisan plan to rebuild roads and bridges, modernize public works systems and boost broadband internet, among other improvements to the nation’s infrastructure. The White House is projecting that the investments will add, on average, about 2 million jobs per year over the coming decade. Senate Democratic Leader […]
Tourists flock by the thousands to the coastal town of Mendocino for its Victorian homes and cliff trails, but visitors this summer are also finding public portable toilets and signs on picket fences pleading: “Severe drought. Please conserve water.” Hotels have closed their lobby bathrooms and residents have stopped watering their gardens in the foggy […]