China’s regulatory officials revealed at a state council briefing on Tuesday that the upcoming set of regulations concerning the state’s vital information infrastructure will not be steered towards companies drafting foreign IPOs. While the magnitude of imposed regulations increased in the past couple of months, leading to an elevated reflection on China’s tech industry, the […]
regulations
A Moscow court penalized on Tuesday Alphabet Inc’s Google with a sum of $142,877 for violating the state’s rules on prohibited content, amidst the latest clash between Big Tech companies and the Russian state. The Tagansky District Court fined search engine titan Google with five independent fines of approximately $190,000 for not deleting content banned […]
California regulators released on Friday a ruling addressing T-Mobile’s misrepresented declarations to the California Public Utilities Commission (CPUC) regarding the telecommunication operator’s grand vision for Sprint’s legacy CMDA network. It seems that U.S. operator, T-Mobile, has fabricated misleading information to government regulators concerning its 3G shutdown plans to gain approval of its merger with Sprint, […]
U.S. Senate introduced on Wednesday its latest bill directed at tech powerhouses Google and Apple to restrain their app stores’ influence on the market. The “Open App Market Act,” initiated and sponsored by senators Richard Blumenthal, Amy Klobuchar, and Marsha Blackburn would play a restrictive role in some of the largest app marketplaces, which according […]
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 […]
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 […]
Luxembourg National Commission for Data Protection (CNPD) penalized on July 16 e-commerce titan Amazon with a roaring $888 million fine over allegations of violating EU’s data protection laws. The decision came against Amazon Europe Core under the pretense that Amazon is processing customer personal data. The verdict is based on a 2018 complaint by French […]
Late on Wednesday, Xinhua News Agency reported that China’s latest regulations against tutoring for profit and Big Tech is beneficial to the country’s growth as it stiffens its commitment to expand its capital market, leading to a share plunge in education firms. China’s latest attempt to ease financial pressure on families that support low birth […]
Google’s parent company Alphabet Inc, recorded on Tuesday a rising profit in second quarter revenue, despite heated antitrust regulations and prosecutions, the search giant marked its highest mark so far of quarterly revenue. Amidst the latest antitrust cold war between Big Tech companies and Washington in the last quarter, Google and Alphabet Inc. tallied in […]
Shares in Shenzhen-based media titan Tencent tumbled on Monday following China’s verdict to restrict its private music licensing deals with record labels around the globe, halting the platform’s efforts to show sovereignty over online music streaming in the country. On Saturday, China’s State Administration of Market Regulations (SAMR) announced that the firm is not abiding […]